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1205 North Lancaster Circle

1205 North Lancaster Circle, South Elgin, IL 60177
Property in Elgin
Sold Apr 27, 2020
$260,000
$208,000 by Mutual Federal Bank
Mortgage Due May 01, 2050
Sold May 20, 2013
$225,000
$180,000 by Wells Fargo Bank Na
Mortgage Due Jun 01, 2043
Local assessors in South Elgin, IL have categorized 1205 North Lancaster Circle as a residential type of property. The home was built in 1992 and is 32 years old. The property's lot size has been calculated to be 7,841 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 7 rooms in the home. Of these, 4 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 are 2 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1205 North Lancaster Circle has a total of 2,368 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 are 2 available parking spaces so it's a great situation for those with more than one car. 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. Residents rely on air conditioning for their cooling system. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Mar 20, 2020 for $260,000. That's $73.20 per sqft. Prior to that sales transaction, the property was also sold in Apr 24, 2013 for $225,000. 1205 North Lancaster Circle was last assessed in 2022. The total value of the property was assessed at $105,655. Specifically, the land the property is located on was valued at $23,326. While improvements on the property were assessed at a total of $82,329. 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 $8,576. 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: 1992
  • Effective Year Built: 1992
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Construction Type: Frame
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 1,184
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,841
  • Total Building Area: 3,552
  • Gross Building Area: 3,552
  • Building Area: 2,368
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 2,368
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SUGAR RIDGE
  • Land Acres: 0.18
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SUGAR RIDGE UNIT 2 LOT 514

Ownership

  • Current Owner : LALIBERTE GARY
  • Previous Owner : DOYLE JOHN J
  • Previous Owner 2: DOYLE KATHLEEN K
  • Owner Before Previous Owner: FANNIE MAE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 851801

Geography

  • Parcel: 06-34-377-003
  • Lot: 514
  • Municipality: ELGIN
  • Latitude: 41.9876
  • Longitude: -88.3153

    Address

  • Full Address: 1205 N Lancaster Cir
  • Legal Unit: 2
  • Address - House Number: 1205
  • Street Direction: N
  • Address - Street Name: Lancaster
  • Address - Suffix Type: Cir
  • State: IL
  • City Name: South Elgin
  • Carrier Code: R058
  • 4-Digit Zip Code: 2709
  • Zip Code: 60177

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $8,576
  • Tax Rate Code Area: EL012

    Appraisal Valuation

  • Standard Deviation: 0.1528
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 81
  • Final Value: 391,248
  • High Value: 451,055
  • Low Value: 331,442

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $208,000
  • First Open Lien Mortgage Lender: MUTUAL FEDERAL BANK
  • First Open Lien Mortgage Recording Date: Apr 27, 2020
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $208,000
  • 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

    Market Valuation

  • Market Total Value: $317,092
  • Market Land Value: $70,006
  • Market Improvement Value: $247,086

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $105,655
  • Assessed Land Value: $23,326
  • Assessed Improvements Value: $82,329

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 20, 2020
  • Current Sale Recording Date: Apr 27, 2020
  • Current Sale Transaction ID: 11757536546
  • Current Sale Price: $260,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020K020929
  • Previous Sale Recording Date: May 20, 2013
  • Previous Sale Contract Date: Apr 24, 2013
  • Previous Sale Amount: $225,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MUTUAL FEDERAL BANK
  • First Mortgage Transaction Date: Apr 27, 2020
  • First Mortgage Loan Amount: $208,000
  • 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

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: May 20, 2013
  • Previous Mortgage Loan Amount: $180,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jun 01, 2043

About South Elgin



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Frequently Asked Questions

What neighborhood is 1205 North Lancaster Circle located in?
The 1205 North Lancaster Circle is a located in the neighborhood of Elgin in South Elgin, South Elgin.
What is the average sales price for listings in 1205 North Lancaster Circle?
The average sales price for units in 1205 North Lancaster Circle is $0 currently.

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