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1220 East Vargo Lane

1220 East Vargo Lane, Arlington Heights, IL 60004
Property in Wheeling
Sold Jan 13, 2021
$352,000
$281,600 by Jpmorgan Chase Bank Na
Mortgage Due Dec 01, 2050
Sold Aug 09, 1994
$287,000
$197,000 by First National Bank Of Chicago
Mortgage Due Sep 01, 2024
1220 East Vargo Lane in Arlington Heights, IL was first built in 1977 and is 47 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a unknown. There are a total of 2 floors. There are a total of 8 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 1220 East Vargo Lane has 2,307 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 680 ft and the linear feet between the front and back of the lot is 1,240. In total, the area measurement of the land is 8,432 square feet.

Learn more about the property and building on this page. The roof of the home is made of asphalt. For those who need parking, there is a attached garage. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of masonry. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. The property was last sold in Nov 23, 2020 for $352,000. That's $152.58 per sqft. Prior to that sales transaction, the property was also sold in Aug 1, 1994 for $287,000. 1220 East Vargo Lane was last assessed in 2023. The total value of the property was assessed at $41,205. Specifically, the land the property is located on was valued at $9,275. While improvements on the property were assessed at a total of $31,930. 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 $9,962. 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! 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: 1977
  • Effective Year Built: 1977
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 8,432
  • Lot Size Depth Feet: 1,240
  • Lot Size Frontage Feet: 680
  • Total Building Area: 2,307
  • Gross Building Area: 2,307
  • Building Area: 2,307
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 2,307
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: IVY HILL SUB UNIT12 PHASEI
  • Land Acres: 0.194
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (IVY) HILL SUB (UNIT12) (PHASEI) SUB IN EH SE SEC 17-42-11

Ownership

  • Current Owner : MAURO VINCENT F
  • Current Owner 2: FURLONG CALLIE G
  • Previous Owner : CICARELLI JULIANNE M
  • Previous Owner 2: THE JULIANNE M CICARELLI LIVIN
  • Owner Before Previous Owner: FOWLER GEORGE
  • Owner Before Previous Owner 2: FOWLER CHRISTINE L
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Trustee/Conservator
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 803008

Geography

  • District: 38
  • Subdivision Phase Number: I
  • Parcel: 03-17-413-003-0000
  • Lot: 15
  • Meridian: SEC 17 TWN 42N RNG 11E
  • Municipality: WHEELING
  • Latitude: 42.1165
  • Longitude: -87.9678

    Address

  • Full Address: 1220 E Vargo Ln
  • Legal Unit: 12
  • Address - House Number: 1220
  • Street Direction: E
  • Address - Street Name: Vargo
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Arlington Heights
  • Carrier Code: C078
  • 4-Digit Zip Code: 3339
  • Zip Code: 60004

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $9,962
  • Tax Rate Code Area: 38023

    Appraisal Valuation

  • Standard Deviation: 0.2276
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 488,340
  • High Value: 599,532
  • Low Value: 377,147

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $281,600
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Jan 13, 2021
  • First Open Lien Mortgage Loan Amount: $281,600
  • 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: Dec 01, 2050

    Market Valuation

  • Market Total Value: $412,050
  • Market Land Value: $92,750
  • Market Improvement Value: $319,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $41,205
  • Assessed Land Value: $9,275
  • Assessed Improvements Value: $31,930

    Sales

  • Current Sale Contract Date: Nov 23, 2020
  • Current Sale Recording Date: Jan 13, 2021
  • Current Sale Transaction ID: 11812330115
  • Current Sale Price: $352,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2101339204
  • Previous Sale Recording Date: Aug 09, 1994
  • Previous Sale Contract Date: Aug 01, 1994
  • Previous Sale Amount: $287,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: Jan 13, 2021
  • First Mortgage Loan Amount: $281,600
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: FIRST NATIONAL BANK OF CHICAGO
  • Previous Mortgage Transaction Date: Aug 09, 1994
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $197,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Sep 01, 2024

About Arlington Heights



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Frequently Asked Questions

What neighborhood is 1220 East Vargo Lane located in?
The 1220 East Vargo Lane is a located in the neighborhood of Wheeling in Arlington Heights, Arlington Heights.
What is the average sales price for listings in 1220 East Vargo Lane?
The average sales price for units in 1220 East Vargo Lane is $0 currently.

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