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1000 Elmwood Lane

1000 Elmwood Lane, Elk Grove Village, IL 60007
Property in Elk Grove
Sold Jun 24, 2019
$200,000
$180,000 by Quicken Loans Inc
Mortgage Due Jun 01, 2049
Sold Dec 31, 2018
Transfer
1000 Elmwood Lane has been categorized by the local assessors in Elk Grove Village, IL as a residential type of property. The building on the property was first built in 1961 and is 63 years old. The home has a total of 5 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 1000 Elmwood Lane has 1,136 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 10,465 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 masonry. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heating 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, 1000 Elmwood Lane sold most recently in May 15, 2019 for a total of $200,000. If you work out the math, that's approximately a cost of $176.06 per sqft. 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 $5,761 in taxes each year. 1000 Elmwood Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $27,000. If we break it down further, the land itself was valued at $8,372. Improvements to the property, however, were assessed at a total of $18,628. 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. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Bungalow
  • Exterior Walls Type: Masonry
  • 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: 10,465
  • Total Building Area: 1,136
  • Gross Building Area: 1,136
  • Building Area: 1,136
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,136
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ELK GROVE VILLAGE SECTION7
  • Land Acres: 0.24
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (ELK)(GROVE) VILLAGE (SECTION7) SUB SEC 33-41-11

Ownership

  • Current Owner : TOURLAY KARAM MAGDA
  • Previous Owner : FEDERAL HOME LOAN MORTGAGE CORPORATION
  • Owner Before Previous Owner: THOMAS ROBERT
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 770300

Geography

  • District: 16
  • Parcel: 08-33-221-002-0000
  • Lot: 2266
  • Meridian: SEC 33 TWN 41N RNG 11E
  • Municipality: ELK GROVE
  • Latitude: 42.0022
  • Longitude: -87.9873

    Address

  • Full Address: 1000 Elmwood Ln
  • Address - House Number: 1000
  • Address - Street Name: Elmwood
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Elk Grove Village
  • Carrier Code: C006
  • 4-Digit Zip Code: 4553
  • Zip Code: 60007

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,761
  • Tax Rate Code Area: 16035

    Appraisal Valuation

  • Standard Deviation: 0.2406
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 66
  • Final Value: 318,188
  • High Value: 394,767
  • Low Value: 241,610

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $180,000
  • First Open Lien Mortgage Lender: QUICKEN LOANS INC
  • First Open Lien Mortgage Recording Date: Jun 24, 2019
  • First Open Lien Mortgage Loan Amount: $180,000
  • 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, 2049

    Market Valuation

  • Market Total Value: $270,000
  • Market Land Value: $83,720
  • Market Improvement Value: $186,280

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $27,000
  • Assessed Land Value: $8,372
  • Assessed Improvements Value: $18,628

    Sales

  • Current Sale Contract Date: May 15, 2019
  • Current Sale Recording Date: Jun 24, 2019
  • Current Sale Transaction ID: 11617591078
  • Current Sale Price: $200,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 1917513000
  • Previous Sale Recording Date: Dec 31, 2018
  • Previous Sale Contract Date: Oct 01, 2018
  • Previous Sale Document Type: Sheriff's Deed

    Last Sale Mortgage

  • First Mortgage Lender: QUICKEN LOANS INC
  • First Mortgage Transaction Date: Jun 24, 2019
  • First Mortgage Loan Amount: $180,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2049

About Elk Grove Village



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Nearby Rentals

Unit for rent at 630 Pinewood Drive, Elk Grove Village, IL, 60007

$2,700 /mo

  • 3 Beds
  • 2 Baths
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630 Pinewood Drive, Elk Grove Village, IL, 60007 Listing by Jenna O'Connor

Frequently Asked Questions

What neighborhood is 1000 Elmwood Lane located in?
The 1000 Elmwood Lane is a located in the neighborhood of Elk Grove in Elk Grove Village, Elk Grove Village.
What is the average sales price for listings in 1000 Elmwood Lane?
The average sales price for units in 1000 Elmwood Lane is $0 currently.

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