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603 South Raven Road

603 South Raven Road, Shorewood, IL 60404
Multifamily in Troy
Sold May 28, 2021
$222,000
$72,000 by American Pacific Mortgage Corp
Mortgage Due Jun 01, 2051
Sold Jan 18, 2018
$125,000
$122,735 by Movement Mortgage
Mortgage Due Jan 01, 2048
603 South Raven Road in Shorewood, IL was first built in 1986 and is 38 years old. This has been categorized as a residential property type. There are a total of 2 floors. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 603 South Raven Road has 1,380 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The basement is 272 sqft and has been categorized as a partial basement. In total, the area measurement of the land is 7,028 square feet.

Learn more about the property and building on this page. There is a open porch. The roof of the home is made of asphalt. For those who need parking, there is a attached garage. The garage is 336 sqft. There is one available parking space. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The exterior walls of the home are made of alum/vinyl siding. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. 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, 603 South Raven Road sold most recently in May 17, 2021 for a total of $222,000. If you work out the math, that's approximately a cost of $160.87 per sqft. Before that, the property was also sold for $125,000 in Dec 1, 2017. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $5,709 in taxes each year. 603 South Raven Road was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $65,385. If we break it down further, the land itself was valued at $9,419. Improvements to the property, however, were assessed at a total of $55,966. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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.

Building Features

Exterior

Vinyl Siding

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Construction Type: Frame
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Basement Type: Partial basement
  • Basement Area: 272
  • Garage Type: Attached
  • Garage Square Area: 336
  • Parking Space Count: 1
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 7,028
  • Total Building Area: 1,380
  • Building Area: 1,380
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 1,380
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BROOKSHORE PARK UNIT FOUR
  • Land Acres: 0.16
  • Standard Land Use Code: Residential (general) (single)
  • Legal Description 1: LOT 62 IN BROOKSHORE PARK UNIT 4, BEING A SUB OF PRT OF THE W1/2 OF THE NE1/4 OF SEC 16, T35N-R9E A/K/A THE S 40 FT OF SD LOT

Ownership

  • Current Owner : KUNKE WALTER R
  • Current Owner 2: KUNKE DONNA
  • Previous Owner : BALL AARON
  • Owner Before Previous Owner: MTGLQ INVESTORS LP
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Troy Community Consolidated School District 30C
  • Census Tract: 883213

Geography

  • Parcel: 05-06-16-226-047
  • Lot: 62
  • Meridian: SEC 16 TWN 35N RNG 09E
  • Municipality: TROY
  • Latitude: 41.5168
  • Longitude: -88.2077

    Address

  • Full Address: 603 S Raven Rd
  • Legal Unit: 4
  • Address - House Number: 603
  • Street Direction: S
  • Address - Street Name: Raven
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Shorewood
  • Carrier Code: R011
  • 4-Digit Zip Code: 9105
  • Zip Code: 60404

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,709
  • Tax Rate Code Area: 0552

    Appraisal Valuation

  • Standard Deviation: 0.1611
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 79
  • Final Value: 254,919
  • High Value: 295,995
  • Low Value: 213,843

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $72,000
  • First Open Lien Mortgage Lender: AMERICAN PACIFIC MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: May 28, 2021
  • First Open Lien Mortgage Loan Amount: $72,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2051

    Market Valuation

  • Market Total Value: $196,155
  • Market Land Value: $28,257
  • Market Improvement Value: $167,898

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $65,385
  • Assessed Land Value: $9,419
  • Assessed Improvements Value: $55,966

    Sales

  • Current Sale Contract Date: May 17, 2021
  • Current Sale Recording Date: May 28, 2021
  • Current Sale Transaction ID: 11836580536
  • Current Sale Price: $222,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: R2021059711
  • Previous Sale Recording Date: Jan 18, 2018
  • Previous Sale Contract Date: Dec 01, 2017
  • Previous Sale Amount: $125,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: AMERICAN PACIFIC MORTGAGE CORP
  • First Mortgage Transaction Date: May 28, 2021
  • First Mortgage Loan Amount: $72,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: MOVEMENT MORTGAGE
  • Previous Mortgage Transaction Date: Jan 18, 2018
  • Previous Mortgage Loan Amount: $122,735
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Jan 01, 2048

About Shorewood



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Nearby Rentals

Unit for rent at

$1,925 /mo

  • 2 Beds
  • 2 Baths
  • 1,138 ft²
Listing by Manager

Frequently Asked Questions

What neighborhood is 603 South Raven Road located in?
The 603 South Raven Road is a multifamily located in the neighborhood of Troy in Shorewood, Shorewood.
What is the average sales price for listings in 603 South Raven Road?
The average sales price for units in 603 South Raven Road is $0 currently.

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