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1040 Grayhawk Drive

1040 Grayhawk Drive, Algonquin, IL 60102
House in Cove
Sold Jul 07, 2021
$460,000
Sold Oct 27, 2003
$406,610
$306,000 by Harris Trust & Savings Bank
Mortgage Due Nov 01, 2033
Local assessors in Algonquin, IL have categorized 1040 Grayhawk Drive as a residential type of property. The home was built in 2003 and is 21 years old. The property's lot size has been calculated to be 16,134 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a unknown style. If we look only at the heated or air conditioned part of the building, then 1040 Grayhawk Drive has a total of 4,801 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a finished improved basement that is 1,611 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 674 sqft. Do you like to entertain? The home has a unknown so you'll have a great option in the back of the home. Residents rely on central air conditioning for their cooling system. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1040 Grayhawk Drive was last sold in Jun 22, 2021 for $460,000. According to our calculations, that's $86.63 per sqft. Prior to that sales transaction, the property was sold for $406,610 in Oct 24, 2003. Current property owners are expected to pay $11,966 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2022. The property on 1040 Grayhawk Drive was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $148,559. To break that down further, the land itself was valued at $15,242. While improvements to the property were assessed at a total of $133,317. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Exterior

Brick Exterior

Parking

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

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Building Count: 1
  • Bedroom Count: 0
  • Building Style: Unknown
  • Basement Type: Finished improved basement
  • Basement Area: 1,611
  • Garage Type: Garage
  • Garage Square Area: 674
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 16,134
  • Total Building Area: 5,310
  • Building Area: 4,801
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 4,801
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: THE COVE UNIT II PHASE II
  • Land Acres: 0.37
  • Standard Land Use Code: Residential (general) (single)
  • Legal Description 1: DOC 2021R0036982 LT 121 THE COVE UNIT II PHASE II MEMO: AKASHOV, RUSTAM/MUKAMBETOVA, MANISA

Ownership

  • Current Owner : AKASHOV RUSTAM
  • Current Owner 2: MUKAMBETHAVA HANISA
  • Previous Owner : MCDOUGALL JOHN S
  • Previous Owner 2: MCDOUGALL GINA M
  • Owner Before Previous Owner: PAR DEVELOPMENT INC
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Huntley Consolidated School District 158
  • Census Tract: 871107

Geography

  • Subdivision Phase Number: 2
  • Parcel: 18-36-453-002
  • Lot: 121
  • Municipality: GRAFTON TWP
  • Latitude: 42.1573
  • Longitude: -88.3634

    Address

  • Full Address: 1040 Grayhawk Dr
  • Legal Unit: 2
  • Address - House Number: 1040
  • Address - Street Name: Grayhawk
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Algonquin
  • Carrier Code: C016
  • 4-Digit Zip Code: 6321
  • Zip Code: 60102

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $11,966
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: 18018

    Appraisal Valuation

  • Standard Deviation: 0.1622
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 79
  • Final Value: 555,950
  • High Value: 646,146
  • Low Value: 465,754

    Market Valuation

  • Market Total Value: $445,677
  • Market Land Value: $45,726
  • Market Improvement Value: $399,951

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $148,559
  • Assessed Land Value: $15,242
  • Assessed Improvements Value: $133,317

    Sales

  • Current Sale Contract Date: Jun 22, 2021
  • Current Sale Recording Date: Jul 07, 2021
  • Current Sale Transaction ID: 11841912865
  • Current Sale Price: $460,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021R0036982
  • Previous Sale Recording Date: Oct 27, 2003
  • Previous Sale Contract Date: Oct 24, 2003
  • Previous Sale Amount: $406,610
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: T2 FINANCIAL LLC
  • First Mortgage Transaction Date: Jul 07, 2021
  • First Mortgage Loan Amount: $361,212
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jul 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: HARRIS TRUST & SAVINGS BANK
  • Previous Mortgage Transaction Date: Oct 27, 2003
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $306,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Nov 01, 2033

About Cove



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Frequently Asked Questions

What neighborhood is 1040 Grayhawk Drive located in?
The 1040 Grayhawk Drive is a house located in the neighborhood of Cove in Cove, Algonquin.
What is the average sales price for listings in 1040 Grayhawk Drive?
The average sales price for units in 1040 Grayhawk Drive is $0 currently.

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