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1383 Larchmont Drive

1383 Larchmont Drive, Buffalo Grove, IL 60089
Property in Devonshire
Sold Jul 08, 2021
$480,000
$384,000 by Jpmorgan Chase Bank Na
Mortgage Due Jul 01, 2051
Sold Apr 29, 2005
$400,000
$320,000 by Bank Of America Na
Mortgage Due May 01, 2035
1383 Larchmont Drive has been categorized by the local assessors in Buffalo Grove, IL as a residential type of property. The building on the property was first built in 1975 and is 49 years old. The home has a total of 9 rooms. 4 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, 1383 Larchmont Drive has 2,348 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 6,399 square feet.

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. The garage measured 440 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying a unknown. Moving on to the building itself. The condition of the building has been evaluated as average. 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 inside of the home is being cooled with central air conditioning at the moment. Finally, the property is currently sourcing its water from a municipal system. The property was last sold in May 19, 2021 for $480,000. That's $134.53 per sqft. Prior to that sales transaction, the property was also sold in Apr 7, 2005 for $400,000. 1383 Larchmont Drive was last assessed in 2023. The total value of the property was assessed at $154,728. Specifically, the land the property is located on was valued at $32,504. While improvements on the property were assessed at a total of $122,224. 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 $13,853. 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. 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: 1975
  • Effective Year Built: 1975
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C+
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 780
  • Garage Type: Attached
  • Garage Square Area: 440
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,399
  • Total Building Area: 3,568
  • Gross Building Area: 3,568
  • Building Area: 2,348
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 2,348
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: STRATHMORE GROVE IN BUFFALO GROVE UNIT 2
  • Land Acres: 0.147
  • Standard Land Use Code: Single family residential
  • Legal Description 1: STRATHMORE GROVE IN BUFFALO GROVE UNIT 2; LOT 5 BLOCK 9

Ownership

  • Current Owner : LEE MICHAEL Y
  • Previous Owner : BOTTEN RONALD L
  • Previous Owner 2: BOTTEN JULIE A
  • Owner Before Previous Owner: KIM HEA JA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Kildeer Countryside Community Consolidated School District 96
  • Census Tract: 864518

Geography

  • District: VERNON
  • Parcel: 15-29-111-005
  • Block: 9
  • Lot: 5
  • Municipality: TWP OF VERNON
  • Latitude: 42.1761
  • Longitude: -87.981

    Address

  • Full Address: 1383 Larchmont Dr
  • Legal Unit: 2
  • Address - House Number: 1383
  • Address - Street Name: Larchmont
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Buffalo Grove
  • Carrier Code: C023
  • 4-Digit Zip Code: 1131
  • Zip Code: 60089

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $13,853
  • Tax Rate Code Area: 16094

    Appraisal Valuation

  • Standard Deviation: 0.1646
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 79
  • Final Value: 548,953
  • High Value: 639,363
  • Low Value: 458,543

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $384,000
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Jul 08, 2021
  • First Open Lien Mortgage Loan Amount: $384,000
  • 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: Jul 01, 2051

    Market Valuation

  • Market Total Value: $464,231
  • Market Land Value: $97,522
  • Market Improvement Value: $366,709

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $154,728
  • Assessed Land Value: $32,504
  • Assessed Improvements Value: $122,224

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 19, 2021
  • Current Sale Recording Date: Jul 08, 2021
  • Current Sale Transaction ID: 11850240040
  • Current Sale Price: $480,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 7806285
  • Previous Sale Recording Date: Apr 29, 2005
  • Previous Sale Contract Date: Apr 07, 2005
  • Previous Sale Amount: $400,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: Jul 08, 2021
  • First Mortgage Loan Amount: $384,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF AMERICA NA
  • Previous Mortgage Transaction Date: Apr 29, 2005
  • Previous Mortgage Loan Amount: $320,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: May 01, 2035

About Devonshire



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Frequently Asked Questions

What neighborhood is 1383 Larchmont Drive located in?
The 1383 Larchmont Drive is a located in the neighborhood of Devonshire in Devonshire, Buffalo Grove.
What is the average sales price for listings in 1383 Larchmont Drive?
The average sales price for units in 1383 Larchmont Drive is $0 currently.

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