8 Margot Lane, Palos Heights, IL 60463

Palos
Building in 60463
2 Stories
Built in 2005
Nearby Active Listings
Welcome to 8 Margot Lane, a building located in Palos in Palos Heights, IL. As a quick overview, these are the most up-to-date information we've collected about the property. The building itself was built in 2005. There are a total of 2 floors. Finally, 8 Margot Lane was most recently sold on Jun 12, 2006 for $528,000. The market value for the land that the building sits on has been listed at $36,170. In addition, improvements upon the building have an added value of $433,830. In total, the total market value of the property as a whole is $470,000. According to local assessors, the total value of the building is currently valued at $47,000. Specifically, the value of the land that the property sits on has been assessed at $3,617. The building was last assessed in 2023.

Here's what we know about the features and amenities in this building. While there is no garage access for residents, you will probably be able to find a local garage to park your car at instead. We are not sure what system the building uses for cooling. Sadly, informaton related to the heating system was not disclosed. Are you a fan of fireplaces? Good news! This property has one single fireplace. There is no porch or patio on the premise of the property. For those who love to swim, you'll want to check out community pools nearby as this particular property does not have a swimming pool. The local assessor's office has not provided us with information related to the roof cover material and the type of roof the building has.
Facts
General
Year Built
2005
Effective Year Built
2005
Building Count
1
Total Rooms
7
Bedroom Count
3
Bathroom Count
3
Full Bathrooms
2
Partial Bathrooms
3
Building Condition
Average
Building Quality
C
Construction Type
Frame
Building Style
Modern
Exterior Walls Type
Masonry
Interior Walls Type
unknown
Roof Shape Type
unknown
Roof Cover Type
Asphalt
Floor Count
2
Floor Cover
unknown
Basement Type
Unfinished basement
Basement Area
0
Garage Type
Attached
Parking Space Count
2
Patio Type
unknown
Porch Type
unknown
Pool Type
unknown
Unit Count
Building Floor Area
Floor Area Ratios
Building
Building Type
unknown
Property Class
Residential
Subdivision
PONDS/PALOS SUB
Land Acres
0.107
Standard Land Use Code
Townhouse (residential)
County Land Use Code
unknown
Ownership
Current Owner
ANDERSON MARILYN
Current Owner's Name
ANDERSON RANDOLPH
Current Owner 2
MARILYN A ANDERSON 1990 TRUST
Previous Owner
THE PONDS OF PALOS LLC
Owner Address - City
LIBERTYVILLE
Owner Address - State
IL
Owner Address - ZIP Code
60048
Owner First Name
RANDOLPH
Owner Last Name
ANDERSON
Neighborhood
School District Name
Consolidated High School District 230
Census Tract
823904
Census Block Code
4016
Census Group
4
Census Year
2018
Census - Combined Statistical Area - Area Code
176
Census - Combined Statistical Area - Area Name
Chicago-Naperville, IL-IN-WI
Census - County FIPS
17031
Census - Full FIPS
170318239044016
Census - Metropolitan Division - Area Code
16974
Census - Metropolitan Division - Area Name
Chicago-Naperville-Arlington Heights, IL
Census - Metro Micro Statistical Area - Area Code
16980
Census - Metro Micro Statistical Area - Area Name
Chicago-Naperville-Elgin, IL-IN-WI
Census - Metro Micro Statistical Area - Area Type
metropolitan
Census - Place FIPS
1757381
Census Source
US Census Bureau
Census State FIPS
17
Census Tract Code
823904
School District - Secondary - Grade High
12
School District - Secondary - Grade Low
09
School District - Secondary - LEA Code
1708400
School District - Secondary - Name
Consolidated High School District 230
Zoning
Geography
District
30
Parcel
23-35-415-015-0000
Lot
6
Lot Code
unknown
Municipality
PALOS
Latitude
41.652
Longitude
-87.8189
FIPS
17031
Mailing Carrier Code
C036
Mailing Street Direction
S
Mailing Full Street Address
401 S 4TH AVE
Mailing House Number
401
Mailing Street Mode
AVE
Mailing Street
4TH
Mailing 4-Digit Zip Code
2916
Old APN
23-35-415-015-0000
Geo Status Code
unknown
Valuation
Timestamp
2024-04-01 17:53:33
UCID Flag
C
More About The Building
In total, the building area is listed as 2,750 square feet. The building itself has 2,750 square footage of total floor area. Fun fact, were you aware that buildings can shift depending on temperatures outdoors? This might remind you of middle school science classes, but heat will cause most materials to expand while the cold will cause them to contract. As a result, many architects and engineers often have to make sure that control joints are made up of the right materials and in good condition. The building class code for 8 Margot Lane is unknown but given the importance of this information, we will work to update this data as soon as possible.

Interested in learning more about the neighborhood that the property is located in? Buildings in the 60463 area have a median price of $1,700. Those in the 25th percentile, have a price around $1,700. While those in the 75th percentile, have a price around $1,700. As a breakdown, we've included the following stats:

  • There are currently no studio listings being advertised in the area.
  • There are currently no one bedroom listings being advertised in the area.
  • There is currently a single advertised two bedroom listing.
  • There are currently no three bedroom listings being advertised in the area.
  • There are currently no four bedroom listings being advertised in the area.
About The Area
8 Margot Lane is located in 60463. There are 14,484 people living here. There are 5,537 households. Most of these households have an average family size of 2.99 people. According to the census, 6% are currently renting while 94% own their homes. The median age of this population is around 52.5 years old. On average, most folks in the zipcode are married. About 14% of folks speak a language other than English in this area. The area's employment rate is currently around 49.7%. Speaking of employment, the median income is $78,472. Most folks will commute by car for around 36.4 minutes. Finally, we know that 22% of residents in the area have graduated with their high school degree. Additionally, 25% and 18% have their Bachelor's and Master's degree, respectfully.

Moving on to the county level. Cook County, Illinois has a population of 5,227,575 people. Based on census records, there are 1,951,606 registered households. Families in this area are on average made up of 3.43 people per household. Most folks are unmarried. They are also typically around 36.1 years old. Does diversity matter to you? Right now, 35% of folks speak a language other than English here. About 43% rent while 57% purchased their homes. Right now, the community is made up of 24% of residents who have graduated with at least a high school degree. On top of that, 22% have a Bachelor's degree and 15% have a Master's degree. The employment rate is currently around 59.7%. Those employed, have a median income of $56,902.

Finally, let's take a look at the stats related to Chicago, IL - IN Urban Area. The urban area is home to 8,672,319 people. A total of 3,153,810 households are registered here. With average family sizes being listed at 3.4 people. About 24% of residents have graduated with a high school degree. Of the rest, 22% have their Bachelor's and 14% have their Master's degree. Folks speaking a language other than English, make up about 30% of the population. Speaking of your commute, 61.2% of people in this area are employed. The recorded median income is currently at $63,064 per year. The median population age has been listed at 36.6 years old. Interestingly enough, unmarried people make up the majority of the population. Last but not least, renters make up about 37% of the population while homeowners are at about 63% of the population.
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Studio Median Rent
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1BR Median Rent
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2BR Median Rent
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3BR Median Rent

Nearby Schools

(within attendance boundary)
12700 S 104th Ave, Palos Park, IL 60464
Public  •  Elementary  •  Grades PK to 5
Palos Community Consolidated School District 118
Palos South Middle School  •  0.2 mi
13100 S 82nd Ave, Palos Park, IL 60464
Public  •  Middle School  •  Grades 6 to 8
Palos Community Consolidated School District 118
8015 W 111th St, Palos Hills, IL 60465
Public  •  High School  •  Grades 9 to 12
Consolidated High School District 230
School zoning information and other data are provided by RealtyHop Schools and 3rd party sources. The contents of the database are not guaranteed to be accurate or timely. Contact the schools or districts before making any decisions using on this data.
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