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11 Summit Street

11 Summit Street, Dundee, IL 60118
Property in Dundee
Sold Sep 01, 2017
$325,000
$320,512 by Paramount Residential Mortgage
Mortgage Due Jul 01, 2052
Sold Dec 16, 2005
$425,500
$340,000 by Perl Mortgage Inc
Mortgage Due Jan 01, 2036
11 Summit Street has been categorized by the local assessors in Dundee, IL as a residential type of property. The building on the property was first built in 1973 and is 51 years old. The home has a total of 8 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 3 full bathrooms. The building has a total of 2 stories. In addition, 11 Summit Street has 2,404 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a partial basement that is 1,026 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 14,619 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a colonial 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. The garage measured 484 sqft. 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. 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. 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, 11 Summit Street was last sold in Jan 4, 2017 for $325,000. According to our calculations, that's $83.04 per sqft. Prior to that sales transaction, the property was sold for $425,500 in Dec 12, 2005. Current property owners are expected to pay $9,786 in taxes per year. The property on 11 Summit Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $120,119. To break that down further, the land itself was valued at $24,177. While improvements to the property were assessed at a total of $95,942. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Full Bathrooms: 3
  • Building Style: Colonial
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 1,026
  • Garage Type: Attached
  • Garage Square Area: 484
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 14,619
  • Total Building Area: 3,914
  • Gross Building Area: 3,914
  • Building Area: 2,404
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 2,404
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: LAKEWOOD-EAST DUNDEE
  • Land Acres: 0.336
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LAKEWOOD LODGE ESTATES ; PT LOTS 20 & 21 BLOCK 22 SUBDIVISION: LAKEWOOD-EAST DUNDEE RANGE CODE: 8 E TWSHP 42N

Ownership

  • Current Owner : KING DENNIS B
  • Current Owner 2: KING KRISTINE
  • Previous Owner : HOLLANDER JOHN E
  • Previous Owner 2: HOLLANDER KAREN F
  • Owner Before Previous Owner: RAHMEL HENRY A
  • Owner Before Previous Owner 2: RAHMEL KAREN S
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Community Unit School District 300
  • Census Tract: 850400

Geography

  • Parcel: 03-23-180-017
  • Block: 22
  • Lot: 20,21
  • Municipality: DUNDEE
  • Latitude: 42.104
  • Longitude: -88.2716

    Address

  • Full Address: 11 Summit St
  • Address - House Number: 11
  • Address - Street Name: Summit
  • Address - Suffix Type: St
  • State: IL
  • City Name: East Dundee
  • Carrier Code: C005
  • 4-Digit Zip Code: 1027
  • Zip Code: 60118

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $9,786
  • Tax Rate Code Area: DU013

    Appraisal Valuation

  • Standard Deviation: 0.1496
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 81
  • Final Value: 440,729
  • High Value: 506,703
  • Low Value: 374,756

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $320,512
  • First Open Lien Mortgage Lender: PARAMOUNT RESIDENTIAL MORTGAGE
  • First Open Lien Mortgage Recording Date: Jun 08, 2022
  • First Open Lien Mortgage Loan Amount: $320,512
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2052

    Market Valuation

  • Market Total Value: $360,501
  • Market Land Value: $72,560
  • Market Improvement Value: $287,941

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $120,119
  • Assessed Land Value: $24,177
  • Assessed Improvements Value: $95,942

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 04, 2017
  • Current Sale Recording Date: Sep 01, 2017
  • Current Sale Transaction ID: 1733328538
  • Current Sale Price: $325,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2017K046164
  • Previous Sale Recording Date: Dec 16, 2005
  • Previous Sale Contract Date: Dec 12, 2005
  • Previous Sale Amount: $425,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: KEY MORTGAGE SERVICES INC
  • First Mortgage Transaction Date: Sep 01, 2017
  • First Mortgage Loan Amount: $276,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2047

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: PERL MORTGAGE INC
  • Previous Mortgage Transaction Date: Dec 16, 2005
  • Previous Mortgage Loan Amount: $340,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Jan 01, 2036

About East Dundee



Similar Buildings

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Frequently Asked Questions

What neighborhood is 11 Summit Street located in?
The 11 Summit Street is a located in the neighborhood of Dundee in East Dundee, Dundee.
What is the average sales price for listings in 11 Summit Street?
The average sales price for units in 11 Summit Street is $0 currently.

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