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1040 North Claremont Drive

1040 North Claremont Drive, Palatine, IL 60074
Property in Palatine
Sold Feb 08, 2005
$314,000
$251,050 by Universal American Mortgage Co
Mortgage Due Dec 01, 2034
1040 North Claremont Drive has been categorized by the local assessors in Palatine, IL as a residential type of property. The building on the property was first built in 2004 and is 20 years old. The home has a total of 6 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. In addition, 1040 North Claremont Drive has 1,700 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 327,257 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a condo 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 are a total of 2 available parking spaces. The exterior walls of the building are made of alum/vinyl siding. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. 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 North Claremont Drive was last sold in Nov 1, 2004 for $314,000. According to our calculations, that's $184.71 per sqft. Current property owners are expected to pay $6,269 in taxes per year. The property on 1040 North Claremont Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $25,310. To break that down further, the land itself was valued at $3,155. While improvements to the property were assessed at a total of $22,155. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Style: Condo
  • Exterior Walls Type: Alum/Vinyl siding
  • Living Units: 4
  • Basement Type: Unspecified basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 327,257
  • Total Building Area: 1,700
  • Gross Building Area: 1,700
  • Building Area: 1,700
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,700
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: CLAREMONT RDG CONDO
  • Land Acres: 7.513
  • Standard Land Use Code: Condominium unit (residential)

Ownership

  • Current Owner : ARORA NIKHIL
  • Current Owner 2: ARORA SONAL
  • Previous Owner : CLAREMONT RIDGE LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Palatine Community Consolidated School District 15
  • Census Tract: 803017

Geography

  • District: 29
  • Parcel: 02-12-401-038-1050
  • Municipality: PALATINE
  • Latitude: 42.131
  • Longitude: -88.0086

    Address

  • Full Address: 1040 N Claremont Dr
  • Address - House Number: 1040
  • Street Direction: N
  • Address - Street Name: Claremont
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Palatine
  • Carrier Code: C087
  • 4-Digit Zip Code: 4000
  • Zip Code: 60074

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,269
  • Tax Rate Code Area: 29134

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 310,970
  • High Value: 381,977
  • Low Value: 239,963

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $305,050
  • First Open Lien Mortgage Lender: UNIVERSAL AMERICAN MORTGAGE CO
  • First Open Lien Mortgage Recording Date: Feb 08, 2005
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $251,050
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Unknown (DEFAULT)
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2034
  • Second Open Lien Mortgage Lender: COUNTRYWIDE BANK FSB
  • Second Open Lien Mortgage Recording Date: Aug 02, 2007
  • Second Open Lien Mortgage Loan Amount: $54,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)

    Market Valuation

  • Market Total Value: $253,100
  • Market Land Value: $31,550
  • Market Improvement Value: $221,550

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $25,310
  • Assessed Land Value: $3,155
  • Assessed Improvements Value: $22,155

    Sales

  • Current Sale Contract Date: Nov 01, 2004
  • Current Sale Recording Date: Feb 08, 2005
  • Current Sale Transaction ID: 1132371582
  • Current Sale Price: $314,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 0503933328

    Last Sale Mortgage

  • First Mortgage Lender: UNIVERSAL AMERICAN MORTGAGE CO
  • First Mortgage Transaction Date: Feb 08, 2005
  • First Mortgage Loan Amount: $251,050
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Unknown (DEFAULT)
  • First Mortgage Loan Due Date: Dec 01, 2034
  • Second Mortgage Loan Amount: $46,950

    Financing

  • First Mortgage Financing Type: Adjustable Rate

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Frequently Asked Questions

What neighborhood is 1040 North Claremont Drive located in?
The 1040 North Claremont Drive is a located in the neighborhood of Palatine in Palatine, Palatine.
What is the average sales price for listings in 1040 North Claremont Drive?
The average sales price for units in 1040 North Claremont Drive is $0 currently.

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