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5754 Albert Drive

5754 Albert Drive, Oak Forest, IL 60452
Property in Bremen
Sold Jul 23, 2013
$115,000
$112,917 by Pacor Mortgage Corp
Mortgage Due Jul 01, 2043
Sold Dec 27, 2005
$226,000
$180,800 by Wells Fargo Bank Na
Mortgage Due Jan 01, 2036
5754 Albert Drive has been categorized by the local assessors in Oak Forest, IL as a residential type of property. The building on the property was first built in 1968 and is 56 years old. The home has a total of 6 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 5754 Albert Drive has 1,008 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 600 ft and across the front of the lot is 1,250 ft. The area measurement of the land has been determined as 6,783 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a bungalow style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. According to our sources, there is one available parking space. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The roof of the building is made of asphalt. The exterior walls of the building are made of wood. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a heating system. Finally, the property is currently sourcing its water from a municipal system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 5754 Albert Drive sold most recently in Jun 27, 2013 for a total of $115,000. If you work out the math, that's approximately a cost of $114.09 per sqft. Before that, the property was also sold for $226,000 in Dec 12, 2005. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $6,007 in taxes each year. 5754 Albert Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $22,000. If we break it down further, the land itself was valued at $3,052. Improvements to the property, however, were assessed at a total of $18,948. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1968
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Bungalow
  • Exterior Walls Type: Wood
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 6,783
  • Lot Size Depth Feet: 600
  • Lot Size Frontage Feet: 1,250
  • Total Building Area: 1,008
  • Gross Building Area: 1,008
  • Building Area: 1,008
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,008
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: PETERS FIRST ADD TO ELMORRO
  • Land Acres: 0.156
  • Standard Land Use Code: Single family residential
  • Legal Description 1: WARREN J (PETERS) (FIRST) ADD TO (ELMORRO) SUB OF PT OF N 60 ACS OF SE SEC 17-36-13

Ownership

  • Current Owner : MCMAHON WILLIAM P
  • Previous Owner : FLORES VINCENTE
  • Previous Owner 2: FLORES MARIA
  • Owner Before Previous Owner: VALLONE MICHAEL M
  • Owner Before Previous Owner 2: VALLONE NANCY R
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Arbor Park School District 145
  • Census Tract: 824505

Geography

  • District: 13
  • Parcel: 28-17-405-017-0000
  • Lot: 13
  • Meridian: SEC 17 TWN 36N RNG 13E
  • Municipality: BREMEN
  • Latitude: 41.6088
  • Longitude: -87.7607

    Address

  • Full Address: 5754 Albert Dr
  • Address - House Number: 5754
  • Address - Street Name: Albert
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Oak Forest
  • Carrier Code: C007
  • 4-Digit Zip Code: 2804
  • Zip Code: 60452

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,007
  • Tax Rate Code Area: 13056

    Appraisal Valuation

  • Standard Deviation: 0.2557
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 63
  • Final Value: 268,793
  • High Value: 337,550
  • Low Value: 200,036

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $112,917
  • First Open Lien Mortgage Lender: PACOR MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Jul 23, 2013
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $112,917
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2043

    Market Valuation

  • Market Total Value: $220,000
  • Market Land Value: $30,520
  • Market Improvement Value: $189,480

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $22,000
  • Assessed Land Value: $3,052
  • Assessed Improvements Value: $18,948

    Sales

  • Current Sale Contract Date: Jun 27, 2013
  • Current Sale Recording Date: Jul 23, 2013
  • Current Sale Transaction ID: 1085073498
  • Current Sale Price: $115,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1320441081
  • Previous Sale Recording Date: Dec 27, 2005
  • Previous Sale Contract Date: Dec 12, 2005
  • Previous Sale Amount: $226,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PACOR MORTGAGE CORP
  • First Mortgage Transaction Date: Jul 23, 2013
  • First Mortgage Loan Amount: $112,917
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jul 01, 2043

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Dec 27, 2005
  • Previous Mortgage Loan Amount: $180,800
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Jan 01, 2036

About Oak Forest



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 5754 Albert Drive located in?
The 5754 Albert Drive is a located in the neighborhood of Bremen in Oak Forest, Oak Forest.
What is the average sales price for listings in 5754 Albert Drive?
The average sales price for units in 5754 Albert Drive is $0 currently.

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