NOT LISTED FOR SALE

7547 W Inverness Ln Frankfort, IL 60423

Frankfort Square Neighborhood

Estimated Value: $349,000 - $382,186

3 Beds
3 Baths
1,204 Sq Ft
$303/Sq Ft Est. Value

About This Home

This home is located at 7547 W Inverness Ln, Frankfort, IL 60423 and is currently estimated at $364,547, approximately $302 per square foot. 7547 W Inverness Ln is a home located in Will County with nearby schools including Frankfort Square Elementary School, Summit Hill Junior High School, and Lincoln-Way East High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 25, 2007
Sold by
Wise Michael E and Wise Judy A
Bought by
Herschell Michael J and Herschell Sandra L
Current Estimated Value
$364,547

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,400
Outstanding Balance
$123,382
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$241,165

Purchase Details

Closed on
Jul 27, 1995
Sold by
Passini Frank T and Passini Linda M
Bought by
Wise Michael E and Jones Judy A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,600
Interest Rate
8%
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Herschell Michael J $253,000 None Available
Wise Michael E $152,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Herschell Michael J $202,400
Previous Owner Wise Michael E $121,600
Source: Public Records

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $9,144 $116,407 $19,862 $96,545
2023 $9,144 $103,963 $17,739 $86,224
2022 $8,098 $94,692 $16,157 $78,535
2021 $7,587 $88,589 $15,116 $73,473
2020 $7,524 $86,092 $14,690 $71,402
2019 $7,217 $83,788 $14,297 $69,491
2018 $6,950 $81,379 $13,886 $67,493
2017 $6,801 $79,480 $13,562 $65,918
2016 $6,588 $76,755 $13,097 $63,658
2015 $6,348 $74,052 $12,636 $61,416
2014 $6,348 $73,537 $12,548 $60,989
2013 $6,348 $74,491 $12,711 $61,780
Source: Public Records

Map

Illinois Will County Frankfort 60423 Frankfort Square

7547 W Inverness Ln, Frankfort, IL

This home is located at 7547 W Inverness Ln, Frankfort, IL 60423 and is currently estimated at $364,547, approximately $302 per square foot. 7547 W Inverness Ln is a home located in Will County with nearby schools including Frankfort Square Elementary School, Summit Hill Junior High School, and Lincoln-Way East High School.

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