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1401 Elk Trail

1401 Elk Trail, Cary, IL 60013
Property in Northwood Acres
Sold Sep 21, 2020
$352,500
$280,000 by Guaranteed Rate Inc
Mortgage Due Oct 01, 2050
Sold Aug 02, 2006
$475,000
$255,000 by Loancity.com
Mortgage Due Aug 01, 2036
Local assessors in Cary, IL have categorized 1401 Elk Trail as a residential type of property. The home was built in 1993 and is 31 years old. The property's lot size has been calculated to be 29,185 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a colonial style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 12 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1401 Elk Trail has a total of 2,589 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a well system. As for water disposal, the home is connected to a septic system and not a municipal sewage or storm sewage system. Therefore the homeowner of this property will need to handle their own water disposal every three to five years - though the exact number may differ. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. There are 3 available parking spaces so it's a great situation for those with more than one car. Lots of brick were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a forced air unit is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 1401 Elk Trail was last sold in Sep 14, 2020 for $352,500. According to our calculations, that's $94.63 per sqft. Prior to that sales transaction, the property was sold for $475,000 in Jul 28, 2006. Current property owners are expected to pay $10,966 in taxes per year. The property on 1401 Elk Trail was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $129,100. To break that down further, the land itself was valued at $40,725. While improvements to the property were assessed at a total of $88,375. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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.

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: 12
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Style: Colonial
  • Exterior Walls Type: Brick
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 1,136
  • Garage Type: Attached
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 29,185
  • Total Building Area: 3,725
  • Building Area: 2,589
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,589
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Septic
  • Water Service: Well

Building

  • Property Class: Residential
  • Subdivision: NORTHWOOD ACRES
  • Land Acres: 0.677
  • Standard Land Use Code: Residential (general) (single)
  • Legal Description 1: DOC 2020R0038180 LT 211 NORTHWOOD ACRES

Ownership

  • Current Owner : MORINI NICHOLAS
  • Current Owner 2: MORINI PAMELA
  • Previous Owner : ROGERS ALESSANDRO D
  • Previous Owner 2: ROGERS LYNN M
  • Owner Before Previous Owner: HARRISON CHESTER
  • Owner Before Previous Owner 2: HARRISON SUSAN
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Cary Community Consolidated School District 26
  • Census Tract: 871305

Geography

  • Parcel: 20-07-253-009
  • Block: 253
  • Lot: 211
  • Municipality: ALGONQUIN TWP
  • Latitude: 42.2217
  • Longitude: -88.225

    Address

  • Full Address: 1401 Elk Trl
  • Address - House Number: 1401
  • Address - Street Name: Elk
  • Address - Suffix Type: Trl
  • State: IL
  • City Name: Cary
  • Carrier Code: R005
  • 4-Digit Zip Code: 6006
  • Zip Code: 60013

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $10,966
  • Tax Rate Code Area: 20041

    Appraisal Valuation

  • Standard Deviation: 0.1642
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 79
  • Final Value: 472,473
  • High Value: 550,073
  • Low Value: 394,873

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $280,000
  • First Open Lien Mortgage Lender: GUARANTEED RATE INC
  • First Open Lien Mortgage Recording Date: Sep 21, 2020
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $280,000
  • 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: Oct 01, 2050

    Market Valuation

  • Market Total Value: $387,300
  • Market Land Value: $122,175
  • Market Improvement Value: $265,125

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $129,100
  • Assessed Land Value: $40,725
  • Assessed Improvements Value: $88,375

    Sales

  • Current Sale Contract Date: Sep 14, 2020
  • Current Sale Recording Date: Sep 21, 2020
  • Current Sale Transaction ID: 11788335405
  • Current Sale Price: $352,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020R0038180
  • Previous Sale Recording Date: Aug 02, 2006
  • Previous Sale Contract Date: Jul 28, 2006
  • Previous Sale Amount: $475,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: Sep 21, 2020
  • First Mortgage Loan Amount: $280,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2050

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: LOANCITY.COM
  • Previous Mortgage Transaction Date: Aug 02, 2006
  • Previous Mortgage Loan Amount: $255,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Aug 01, 2036

About Northwood Acres



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Nearby Rentals

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Frequently Asked Questions

What neighborhood is 1401 Elk Trail located in?
The 1401 Elk Trail is a located in the neighborhood of Northwood Acres in Northwood Acres, Cary.
What is the average sales price for listings in 1401 Elk Trail?
The average sales price for units in 1401 Elk Trail is $0 currently.

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