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1243 South Ridge Avenue

1243 South Ridge Avenue, Arlington Heights, IL 60005
Property in Elk Grove
Sold Nov 30, 2021
$365,000
$358,388 by Guaranteed Rate Inc
Mortgage Due Dec 01, 2051
Sold Jan 25, 2016
$580,500
1243 South Ridge Avenue has been categorized by the local assessors in Arlington Heights, IL as a residential type of property. The building on the property was first built in 1964 and is 60 years old. The home has a total of 6 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There are 2 partial bathrooms in the home. In addition, 1243 South Ridge Avenue has 1,093 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 4,840 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a split level 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 detached garage for those who require parking. According to our sources, there are a total of 3 available parking spaces. 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 asphalt. The exterior walls of the building are made of masonry. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heating system. The property was last sold in Nov 10, 2021 for $365,000. That's $333.94 per sqft. Prior to that sales transaction, the property was also sold in Jan 20, 2016 for $580,500. 1243 South Ridge Avenue was last assessed in 2023. The total value of the property was assessed at $27,000. Specifically, the land the property is located on was valued at $4,598. While improvements on the property were assessed at a total of $22,402. 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 $7,132. 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: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Split level
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 4,840
  • Total Building Area: 1,093
  • Gross Building Area: 1,093
  • Building Area: 1,093
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,093
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ARLINGTON HEIGHTS GARDENS HOMESITES
  • Land Acres: 0.111
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (ARLINGTON) HEIGHTS (GARDENS)(HOMESITES) NE SEC 09-41-11

Ownership

  • Current Owner : HUNSAKER TIMOTHY J
  • Current Owner 2: HUNSAKER KELLY M
  • Previous Owner : FOKAS ATHANASIA NANCY
  • Previous Owner 2: FOKAS CHRISTOS
  • Owner Before Previous Owner: K HOVNANIAN T & C HOMES AT ILLINOIS
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 805110

Geography

  • District: 16
  • Parcel: 08-09-216-040-0000
  • Block: 5
  • Lot: 23,24
  • Meridian: SEC 09 TWN 41N RNG 11E
  • Municipality: ELK GROVE
  • Latitude: 42.0615
  • Longitude: -87.9893

    Address

  • Full Address: 1243 S Ridge Ave
  • Address - House Number: 1243
  • Street Direction: S
  • Address - Street Name: Ridge
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Arlington Heights
  • Carrier Code: C087
  • 4-Digit Zip Code: 3045
  • Zip Code: 60005

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,132
  • Tax Rate Code Area: 16013

    Appraisal Valuation

  • Standard Deviation: 0.2254
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 372,675
  • High Value: 456,695
  • Low Value: 288,654

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $358,388
  • First Open Lien Mortgage Lender: GUARANTEED RATE INC
  • First Open Lien Mortgage Recording Date: Nov 30, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $358,388
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2051

    Market Valuation

  • Market Total Value: $270,000
  • Market Land Value: $45,980
  • Market Improvement Value: $224,020

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $27,000
  • Assessed Land Value: $4,598
  • Assessed Improvements Value: $22,402

    Sales

  • Current Sale Contract Date: Nov 10, 2021
  • Current Sale Recording Date: Nov 30, 2021
  • Current Sale Transaction ID: 11871618148
  • Current Sale Price: $365,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2133412514
  • Previous Sale Recording Date: Jan 25, 2016
  • Previous Sale Contract Date: Jan 20, 2016
  • Previous Sale Amount: $580,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: Nov 30, 2021
  • First Mortgage Loan Amount: $358,388
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Dec 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Arlington Heights



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Frequently Asked Questions

What neighborhood is 1243 South Ridge Avenue located in?
The 1243 South Ridge Avenue is a located in the neighborhood of Elk Grove in Arlington Heights, Arlington Heights.
What is the average sales price for listings in 1243 South Ridge Avenue?
The average sales price for units in 1243 South Ridge Avenue is $0 currently.

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