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1248 North Knollwood Drive

1248 North Knollwood Drive, Palatine, IL 60067
Property in Palatine
Sold Jul 22, 2021
$525,000
$325,000 by Wintrust Mortgage
Mortgage Due Jun 01, 2051
Sold Apr 23, 2013
$545,000
$417,000 by Perl Mortgage Inc
Mortgage Due May 01, 2043
1248 North Knollwood Drive in Palatine, IL was first built in 1993 and is 31 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. 1248 North Knollwood Drive has 2,930 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 10,440 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 3 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 May 21, 2021 for $525,000. That's $179.18 per sqft. Prior to that sales transaction, the property was also sold in Apr 2, 2013 for $545,000. 1248 North Knollwood Drive was last assessed in 2023. The total value of the property was assessed at $54,000. Specifically, the land the property is located on was valued at $12,528. While improvements on the property were assessed at a total of $41,472. 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 $15,466. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one. 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: 1993
  • Effective Year Built: 1993
  • 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: 3

    Dimensions

  • Lot Size Square Feet: 10,440
  • Total Building Area: 2,930
  • Gross Building Area: 2,930
  • Building Area: 2,930
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 2,930
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LAKESIDE ESTATES
  • Land Acres: 0.24
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PART SE4NE4 S09 T42N R10E 3P

Ownership

  • Current Owner : CLAUNCH CARNEY
  • Current Owner 2: CLAUNCH ALICIA
  • Previous Owner : ENGELHARD THOMAS H
  • Previous Owner 2: ENGELHARD KATHERINE S
  • Owner Before Previous Owner: DOUROS FRANCES A
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety
  • Owner Generation Identifier: II

Neighborhood

  • School District Name: Palatine Community Consolidated School District 15
  • Census Tract: 803616

Geography

  • District: 29
  • Parcel: 02-09-207-009-0000
  • Lot: 20
  • Meridian: SEC 09 TWN 42N RNG 10E
  • Municipality: PALATINE
  • Latitude: 42.1336
  • Longitude: -88.0677

    Address

  • Full Address: 1248 N Lakeview Dr
  • Address - House Number: 1248
  • Street Direction: N
  • Address - Street Name: Lakeview
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Palatine
  • Carrier Code: C009
  • 4-Digit Zip Code: 2097
  • Zip Code: 60067

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $15,466
  • Tax Rate Code Area: 29007

    Appraisal Valuation

  • Standard Deviation: 0.2246
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 69
  • Final Value: 603,094
  • High Value: 738,583
  • Low Value: 467,604

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $325,000
  • First Open Lien Mortgage Lender: WINTRUST MORTGAGE
  • First Open Lien Mortgage Recording Date: Jul 22, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $325,000
  • 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: Jun 01, 2051

    Market Valuation

  • Market Total Value: $540,000
  • Market Land Value: $125,280
  • Market Improvement Value: $414,720

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $54,000
  • Assessed Land Value: $12,528
  • Assessed Improvements Value: $41,472

    Sales

  • Current Sale Contract Date: May 21, 2021
  • Current Sale Recording Date: Jul 22, 2021
  • Current Sale Transaction ID: 11844830070
  • Current Sale Price: $525,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2120307187
  • Previous Sale Recording Date: Apr 23, 2013
  • Previous Sale Contract Date: Apr 02, 2013
  • Previous Sale Amount: $545,000
  • Previous Sale Document Type: Trustee's Deed (Certificate of Title)

    Last Sale Mortgage

  • First Mortgage Lender: WINTRUST MORTGAGE
  • First Mortgage Transaction Date: Jul 22, 2021
  • First Mortgage Loan Amount: $325,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: PERL MORTGAGE INC
  • Previous Mortgage Transaction Date: Apr 23, 2013
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $417,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: May 01, 2043

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Frequently Asked Questions

What neighborhood is 1248 North Knollwood Drive located in?
The 1248 North Knollwood Drive is a located in the neighborhood of Palatine in Palatine, Palatine.
What is the average sales price for listings in 1248 North Knollwood Drive?
The average sales price for units in 1248 North Knollwood Drive is $0 currently.

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