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1379 East Baronet Lane

1379 East Baronet Lane, Palatine, IL 60074
Property in Palatine
Sold Dec 15, 2022
$256,000
Sold May 09, 2007
$285,000
$100,000 by Midamerica Bank Fsb
Mortgage Due Jun 01, 2037
1379 East Baronet Lane has been categorized by the local assessors in Palatine, IL as a residential type of property. The building on the property was first built in 1998 and is 26 years old. The home has a total of 5 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. In addition, 1379 East Baronet Lane has 1,650 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 1,305,235 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a condo 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 attached garage for those who require parking. According to our sources, there are a total of 2 available parking spaces. The exterior walls of the building are made of alum/vinyl siding. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with gas. Finally, the property is currently sourcing its water from a municipal 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, 1379 East Baronet Lane sold most recently in Dec 9, 2022 for a total of $256,000. If you work out the math, that's approximately a cost of $155.15 per sqft. Before that, the property was also sold for $285,000 in May 1, 2007. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $7,377 in taxes each year. 1379 East Baronet Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $28,529. If we break it down further, the land itself was valued at $5,187. Improvements to the property, however, were assessed at a total of $23,342. 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. 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.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: 1998
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Style: Condo
  • Exterior Walls Type: Alum/Vinyl siding
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 1,305,235
  • Total Building Area: 1,650
  • Gross Building Area: 1,650
  • Building Area: 1,650
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,650
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: COVENTRY PARK UNIT 01
  • Land Acres: 29.964
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: UNIT8-049-0124 COVENTRY PARK CONDO PART NE4 S24 T42N R10E 3P

Ownership

  • Current Owner : MITERA DAVID
  • Previous Owner : WILLIAM A RYAN GST TRUST
  • Owner Before Previous Owner: LI WU QIANG
  • Owner Before Previous Owner 2: LI LIANG

Neighborhood

  • School District Name: Palatine Community Consolidated School District 15
  • Census Tract: 803901

Geography

  • District: 29
  • Parcel: 02-24-203-044-1092
  • Block: 8049
  • Meridian: SEC 24 TWN 42N RNG 10E
  • Municipality: PALATINE
  • Latitude: 42.1043
  • Longitude: -88.0071

    Address

  • Full Address: 1379 E Baronet Ln
  • Address - House Number: 1379
  • Street Direction: E
  • Address - Street Name: Baronet
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Palatine
  • Carrier Code: C057
  • 4-Digit Zip Code: 6818
  • Zip Code: 60074

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,377
  • Tax Rate Code Area: 29046

    Appraisal Valuation

  • Standard Deviation: 0.2127
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 71
  • Final Value: 313,045
  • High Value: 379,652
  • Low Value: 246,438

    Market Valuation

  • Market Total Value: $285,290
  • Market Land Value: $51,870
  • Market Improvement Value: $233,420

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $28,529
  • Assessed Land Value: $5,187
  • Assessed Improvements Value: $23,342

    Sales

  • Current Sale Contract Date: Dec 09, 2022
  • Current Sale Recording Date: Dec 15, 2022
  • Current Sale Transaction ID: 11905397088
  • Current Sale Price: $256,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 45206
  • Previous Sale Recording Date: May 09, 2007
  • Previous Sale Contract Date: May 01, 2007
  • Previous Sale Amount: $285,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: MIDAMERICA BANK FSB
  • Previous Mortgage Transaction Date: May 09, 2007
  • Previous Mortgage Loan Amount: $100,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Jun 01, 2037

About Palatine



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Frequently Asked Questions

What neighborhood is 1379 East Baronet Lane located in?
The 1379 East Baronet Lane is a located in the neighborhood of Palatine in Palatine, Palatine.
What is the average sales price for listings in 1379 East Baronet Lane?
The average sales price for units in 1379 East Baronet Lane is $0 currently.

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