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1047 Arbor Lane

1047 Arbor Lane, Glenview, IL 60025
Property in New Trier
Sold May 14, 2020
$375,000
$375,000 by Fifth Third Bank
Mortgage Due May 01, 2050
Local assessors in Glenview, IL have categorized 1047 Arbor Lane as a residential type of property. The home was built in 1958 and is 66 years old. The property's lot size has been calculated to be 7,770 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a split level style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There are also 2 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 1047 Arbor Lane has a total of 1,370 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

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 attached garage for those who need a place to park their vehicle. There is only one available parking space, so if you need more, you may need to find some alternatives. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a roof that is made of asphalt. Lots of masonry were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a heating system is the primary heating source. 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, 1047 Arbor Lane was last sold in Apr 6, 2020 for $375,000. According to our calculations, that's $273.72 per sqft. Current property owners are expected to pay $7,888 in taxes per year. The property on 1047 Arbor Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $41,000. To break that down further, the land itself was valued at $12,432. While improvements to the property were assessed at a total of $28,568. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Split level
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 7,770
  • Total Building Area: 1,370
  • Gross Building Area: 1,370
  • Building Area: 1,370
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,370
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FOREST GARDENS
  • Land Acres: 0.178
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (FOREST)(GARDENS) A SUB OF PT OF NW SEC 31-42-13

Ownership

  • Current Owner : HAQUE FARAZ
  • Current Owner 2: HAQUE RUBA
  • Previous Owner : CHEUNG SHIU CHING
  • Previous Owner 2: CHEUNG SUET LIN
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: New Trier Township High School District 203
  • Census Tract: 801400

Geography

  • District: 23
  • Parcel: 05-31-101-062-0000
  • Lot: 45
  • Meridian: SEC 31 TWN 42N RNG 13E
  • Municipality: NEW TRIER
  • Latitude: 42.0743
  • Longitude: -87.7699

    Address

  • Full Address: 1047 Arbor Ln
  • Address - House Number: 1047
  • Address - Street Name: Arbor
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Glenview
  • Carrier Code: C017
  • 4-Digit Zip Code: 3237
  • Zip Code: 60025

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,888
  • Tax Rate Code Area: 23005

    Appraisal Valuation

  • Standard Deviation: 0.231
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 507,581
  • High Value: 624,882
  • Low Value: 390,281

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $420,000
  • First Open Lien Mortgage Lender: FIFTH THIRD BANK
  • First Open Lien Mortgage Recording Date: May 14, 2020
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $375,000
  • 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: May 01, 2050
  • Second Open Lien Mortgage Lender: HEALTHCARE ASSOCIATES CU
  • Second Open Lien Mortgage Recording Date: Apr 03, 2023
  • Second Open Lien Mortgage Loan Amount: $45,000
  • Second Open Lien Mortgage Term: 180
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Mar 20, 2038

    Market Valuation

  • Market Total Value: $410,000
  • Market Land Value: $124,320
  • Market Improvement Value: $285,680

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $41,000
  • Assessed Land Value: $12,432
  • Assessed Improvements Value: $28,568

    Sales

  • Current Sale Contract Date: Apr 06, 2020
  • Current Sale Recording Date: May 14, 2020
  • Current Sale Transaction ID: 11760779887
  • Current Sale Price: $375,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2013503171

    Last Sale Mortgage

  • First Mortgage Lender: FIFTH THIRD BANK
  • First Mortgage Transaction Date: May 14, 2020
  • First Mortgage Loan Amount: $375,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2050

    Financing

  • First Mortgage Financing Type: Adjustable Rate

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Frequently Asked Questions

What neighborhood is 1047 Arbor Lane located in?
The 1047 Arbor Lane is a located in the neighborhood of New Trier in Glenview, Glenview.
What is the average sales price for listings in 1047 Arbor Lane?
The average sales price for units in 1047 Arbor Lane is $0 currently.

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