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1101 Franklin Street

1101 Franklin Street, Mundelein, IL 60060
Property in Town and Country
Sold Aug 20, 2019
$375,000
$363,750 by Quicken Loans Inc
Mortgage Due Aug 01, 2049
Sold Dec 29, 2005
$410,000
$305,000 by Wells Fargo Bank Na
Mortgage Due Nov 01, 2035
1101 Franklin Street has been categorized by the local assessors in Mundelein, IL as a residential type of property. The building on the property was first built in 1998 and is 26 years old. The home has a total of 10 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 3 full bathrooms. There are 4 partial bathrooms in the home. The building has a total of 2 stories. In addition, 1101 Franklin Street has 3,339 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 15,682 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional 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 726 sqft. According to our sources, there are a total of 3 available parking spaces. Residents will have the luxury of enjoying both a unknown and a unknown. 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 composition shingle. 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. 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. The property was last sold in Jul 18, 2019 for $375,000. That's $70.17 per sqft. Prior to that sales transaction, the property was also sold in Oct 26, 2005 for $410,000. 1101 Franklin Street was last assessed in 2023. The total value of the property was assessed at $144,463. Specifically, the land the property is located on was valued at $26,581. While improvements on the property were assessed at a total of $117,882. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $14,407. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 15
  • Building Condition: Average
  • Building Quality: C+
  • Construction Type: Frame
  • Building Style: Conventional
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 1,279
  • Garage Type: Attached
  • Garage Square Area: 726
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 15,682
  • Total Building Area: 5,344
  • Gross Building Area: 5,344
  • Building Area: 3,339
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 3,339
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: TOWN & COUNTRY HOMES FIRST MUNDELEIN ADD
  • Land Acres: 0.36
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TOWN & COUNTRY HOMES FIRST MUNDELEIN ADDITION PHASE THREE; L OT 305

Ownership

  • Current Owner : CHOPRA MOHIT
  • Current Owner 2: CHOPRA TULIKA MEHROTRA
  • Previous Owner : MORELLI FRANK W
  • Previous Owner 2: MORELLI KIM
  • Owner Before Previous Owner: PIERPONT JOHN
  • Owner Before Previous Owner 2: PIERPONT KIMBERLY A
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Mundelein Consolidated High School District 120
  • Census Tract: 864105

Geography

  • District: FREMONT
  • Subdivision Phase Number: 3
  • Parcel: 10-23-202-059
  • Lot: 305
  • Municipality: TWP OF FREMONT
  • Latitude: 42.2815
  • Longitude: -88.026

    Address

  • Full Address: 1101 Franklin St
  • Address - House Number: 1101
  • Address - Street Name: Franklin
  • Address - Suffix Type: St
  • State: IL
  • City Name: Mundelein
  • Carrier Code: R006
  • 4-Digit Zip Code: 5376
  • Zip Code: 60060

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $14,407
  • Tax Rate Code Area: 12001

    Appraisal Valuation

  • Standard Deviation: 0.1709
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 78
  • Final Value: 540,619
  • High Value: 633,042
  • Low Value: 448,197

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $363,750
  • First Open Lien Mortgage Lender: QUICKEN LOANS INC
  • First Open Lien Mortgage Recording Date: Aug 20, 2019
  • First Open Lien Mortgage Loan Amount: $363,750
  • 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: Aug 01, 2049

    Market Valuation

  • Market Total Value: $433,432
  • Market Land Value: $79,751
  • Market Improvement Value: $353,681

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $144,463
  • Assessed Land Value: $26,581
  • Assessed Improvements Value: $117,882

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 18, 2019
  • Current Sale Recording Date: Aug 20, 2019
  • Current Sale Transaction ID: 11637677664
  • Current Sale Price: $375,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 7585750
  • Previous Sale Recording Date: Dec 29, 2005
  • Previous Sale Contract Date: Oct 26, 2005
  • Previous Sale Amount: $410,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: QUICKEN LOANS INC
  • First Mortgage Transaction Date: Aug 20, 2019
  • First Mortgage Loan Amount: $363,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Dec 29, 2005
  • Previous Mortgage Loan Amount: $305,000
  • 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: Nov 01, 2035

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Frequently Asked Questions

What neighborhood is 1101 Franklin Street located in?
The 1101 Franklin Street is a located in the neighborhood of Town and Country in Town and Country, Mundelein.
What is the average sales price for listings in 1101 Franklin Street?
The average sales price for units in 1101 Franklin Street is $0 currently.

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