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1306 East Vargo Lane

1306 East Vargo Lane, Arlington Heights, IL 60004
House in Wheeling
Sold Aug 30, 2019
$307,000
$288,250 by Fifth Third Bank Na
Mortgage Due Nov 01, 2051
Sold Oct 26, 2010
$397,000
$317,600 by Wells Fargo Bank Na
Mortgage Due Nov 01, 2040
1306 East Vargo Lane 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 1978 and is 46 years old. The home has a total of 7 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 1306 East Vargo Lane has 1,574 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 8,628 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a unknown.

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 attached garage for those who require parking. According to our sources, there are a total of 2 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 A 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 central air conditioning at the moment. In terms of heating, it is utilizing a heating system. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1306 East Vargo Lane was last sold in Nov 1, 2018 for $307,000. According to our calculations, that's $195.04 per sqft. Prior to that sales transaction, the property was sold for $397,000 in Oct 22, 2010. Current property owners are expected to pay $9,381 in taxes per year. The property on 1306 East Vargo Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $37,230. To break that down further, the land itself was valued at $9,491. While improvements to the property were assessed at a total of $27,739. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Exterior

Brick Exterior
Glass Exterior

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: A
  • Construction Type: Frame
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 8,628
  • Total Building Area: 1,574
  • Gross Building Area: 1,574
  • Building Area: 1,574
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,574
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: IVY HILL SUB UNIT12 PHASEI
  • Land Acres: 0.198
  • 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 : LOMBARBI MATTHEW J
  • Previous Owner : CALLERO MICHAEL J
  • Previous Owner 2: CALLERO MICHELLE F
  • Owner Before Previous Owner: PLONKA CHRISTOPHER
  • Owner Before Previous Owner 2: PLONKA YOLANTA
  • 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: 03-17-413-006-0000
  • Lot: 18
  • Meridian: SEC 17 TWN 42N RNG 11E
  • Municipality: WHEELING
  • Latitude: 42.1165
  • Longitude: -87.9669

    Address

  • Full Address: 1306 E Vargo Ln
  • Legal Unit: 12
  • Address - House Number: 1306
  • Street Direction: E
  • Address - Street Name: Vargo
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Arlington Heights
  • Carrier Code: C078
  • 4-Digit Zip Code: 3340
  • Zip Code: 60004

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $9,381
  • Tax Rate Code Area: 38023

    Appraisal Valuation

  • Standard Deviation: 0.2276
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 450,221
  • High Value: 552,735
  • Low Value: 347,708

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $288,250
  • First Open Lien Mortgage Lender: FIFTH THIRD BANK NA
  • First Open Lien Mortgage Recording Date: Jan 31, 2022
  • First Open Lien Mortgage Loan Amount: $288,250
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2051

    Market Valuation

  • Market Total Value: $372,300
  • Market Land Value: $94,910
  • Market Improvement Value: $277,390

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $37,230
  • Assessed Land Value: $9,491
  • Assessed Improvements Value: $27,739

    Sales

  • Current Sale Contract Date: Nov 01, 2018
  • Current Sale Recording Date: Aug 30, 2019
  • Current Sale Transaction ID: 11642129159
  • Current Sale Price: $307,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1924255300
  • Previous Sale Recording Date: Oct 26, 2010
  • Previous Sale Contract Date: Oct 22, 2010
  • Previous Sale Amount: $397,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIFTH THIRD BANK
  • First Mortgage Transaction Date: Aug 30, 2019
  • First Mortgage Loan Amount: $291,650
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2049

    Financing

  • First Mortgage Financing Type: Unknown

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Oct 26, 2010
  • Previous Mortgage Loan Amount: $317,600
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Nov 01, 2040

About Arlington Heights



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Frequently Asked Questions

What neighborhood is 1306 East Vargo Lane located in?
The 1306 East Vargo Lane is a house located in the neighborhood of Wheeling in Arlington Heights, Arlington Heights.
What is the average sales price for listings in 1306 East Vargo Lane?
The average sales price for units in 1306 East Vargo Lane is $0 currently.

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