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1231 Diane Lane

1231 Diane Lane, Elk Grove Village, IL 60007
Property in Schaumburg
Sold Apr 20, 2021
$360,000
$282,000 by Rocket Mortgage Llc
Mortgage Due Nov 01, 2036
Sold Sep 11, 2001
$272,500
$218,000 by Community Banc Mtg Llc
Mortgage Due Sep 01, 2031
1231 Diane Lane in Elk Grove Village, IL was first built in 1985 and is 39 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 7 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 1231 Diane Lane has 1,917 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. In total, the area measurement of the land is 7,370 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 wood. 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. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1231 Diane Lane sold most recently in Apr 8, 2021 for a total of $360,000. If you work out the math, that's approximately a cost of $187.79 per sqft. Before that, the property was also sold for $272,500 in Aug 28, 2001. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $9,201 in taxes each year. 1231 Diane Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $36,001. If we break it down further, the land itself was valued at $6,449. Improvements to the property, however, were assessed at a total of $29,552. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Exterior Walls Type: Wood
  • 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: 7,370
  • Total Building Area: 1,917
  • Gross Building Area: 1,917
  • Building Area: 1,917
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,917
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PARKVIEW HEIGHTS
  • Land Acres: 0.169
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (PARKVIEW) (HEIGHTS) SUB IN NE SEC 36-41-10

Ownership

  • Current Owner : SHASHANK MALIK
  • Current Owner 2: SHIVANGI SINGH SHIVANGI
  • Previous Owner : DVIJENDRA PATEL
  • Previous Owner 2: DVIJENDRA ANITA PATEL
  • Owner Before Previous Owner: ARIAS ARNEL B
  • Owner Before Previous Owner 2: DEGUZMAN ARIAS ELEANOR
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Schaumburg Community Consolidated School District 54
  • Census Tract: 804607

Geography

  • District: 35
  • Parcel: 07-36-217-015-0000
  • Lot: 217
  • Meridian: SEC 36 TWN 41N RNG 10E
  • Municipality: SCHAUMBURG
  • Latitude: 42.0039
  • Longitude: -88.033

    Address

  • Full Address: 1231 Diane Ln
  • Address - House Number: 1231
  • Address - Street Name: Diane
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Elk Grove Village
  • Carrier Code: C023
  • 4-Digit Zip Code: 3056
  • Zip Code: 60007

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $9,201
  • Tax Rate Code Area: 35020

    Appraisal Valuation

  • Standard Deviation: 0.2244
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 69
  • Final Value: 442,780
  • High Value: 542,152
  • Low Value: 343,409

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $282,000
  • First Open Lien Mortgage Lender: ROCKET MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Jan 18, 2022
  • First Open Lien Mortgage Loan Amount: $282,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2036

    Market Valuation

  • Market Total Value: $360,010
  • Market Land Value: $64,490
  • Market Improvement Value: $295,520

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $36,001
  • Assessed Land Value: $6,449
  • Assessed Improvements Value: $29,552

    Sales

  • Current Sale Contract Date: Apr 08, 2021
  • Current Sale Recording Date: Apr 20, 2021
  • Current Sale Transaction ID: 11832170280
  • Current Sale Price: $360,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2111039142
  • Previous Sale Recording Date: Sep 11, 2001
  • Previous Sale Contract Date: Aug 28, 2001
  • Previous Sale Amount: $272,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: QUICKEN LOANS LLC
  • First Mortgage Transaction Date: Apr 20, 2021
  • First Mortgage Loan Amount: $288,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: COMMUNITY BANC MTG LLC
  • Previous Mortgage Transaction Date: Sep 11, 2001
  • Previous Mortgage Loan Amount: $218,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Sep 01, 2031

About Elk Grove Village



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Frequently Asked Questions

What neighborhood is 1231 Diane Lane located in?
The 1231 Diane Lane is a located in the neighborhood of Schaumburg in Elk Grove Village, Elk Grove Village.
What is the average sales price for listings in 1231 Diane Lane?
The average sales price for units in 1231 Diane Lane is $0 currently.

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