1222 Stratford Lane

Local assessors in Algonquin, IL have categorized 1222 Stratford Lane as a residential type of property. The home was built in 1986 and is 38 years old. The property's lot size has been calculated to be 3,249 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a townhouse style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 5 rooms in the home. Of these, 2 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1222 Stratford Lane has a total of 712 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a partial basement that is 530 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

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. The garage on the property is 200 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. The property was last sold in Jan 26, 2004 for $155,000. That's $107.49 per sqft. Prior to that sales transaction, the property was also sold in Sep 30, 1999 for $207,000. 1222 Stratford Lane was last assessed in 2022. The total value of the property was assessed at $49,014. Specifically, the land the property is located on was valued at $7,532. While improvements on the property were assessed at a total of $41,482. 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 $3,716. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI 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.