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1408 Shermer Road

1408 Shermer Road, Northbrook, IL 60062
Property in Northfield
Sold Aug 25, 2020
$217,500
$163,125 by Fairway Independent Mortgage C
Mortgage Due Jul 01, 2050
Sold Jul 02, 2007
$295,000
$235,000 by Bank Of America Na
Mortgage Due May 01, 2037
1408 Shermer Road has been categorized by the local assessors in Northbrook, IL as a residential type of property. The building on the property was first built in 1969 and is 55 years old. The home has a total of 2 bedrooms. In addition, 1408 Shermer Road has 1,400 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 90,668 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. The property was last sold in Jun 18, 2020 for $217,500. That's $155.36 per sqft. Prior to that sales transaction, the property was also sold in Apr 11, 2007 for $295,000. 1408 Shermer Road was last assessed in 2023. The total value of the property was assessed at $18,147. Specifically, the land the property is located on was valued at $3,105. While improvements on the property were assessed at a total of $15,042. 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 $4,021. 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. 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: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Bedroom Count: 2
  • Building Style: Condo
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 90,668
  • Total Building Area: 1,400
  • Gross Building Area: 1,400
  • Building Area: 1,400
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,400
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LAURAL CONDOS
  • Land Acres: 2.082
  • Standard Land Use Code: Condominium unit (residential)

Ownership

  • Current Owner : KIM TAI YONG
  • Current Owner 2: KIM HYUN OK
  • Previous Owner : ANDREW APARTMENTS LLC
  • Owner Before Previous Owner: LAURAL TOWNHOMES LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Northbrook School District 28
  • Census Tract: 801702

Geography

  • District: 25
  • Parcel: 04-09-412-030-1026
  • Lot: 1,2
  • Municipality: NORTHFIELD
  • Latitude: 42.1268
  • Longitude: -87.8297

    Address

  • Full Address: 1408 Shermer Rd
  • Address - House Number: 1408
  • Address - Street Name: Shermer
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Northbrook
  • Carrier Code: C015
  • 4-Digit Zip Code: 5312
  • Zip Code: 60062

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,021
  • Tax Rate Code Area: 25032

    Appraisal Valuation

  • Standard Deviation: 0.1957
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 73
  • Final Value: 250,050
  • High Value: 298,988
  • Low Value: 201,112

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $163,125
  • First Open Lien Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Open Lien Mortgage Recording Date: Aug 25, 2020
  • First Open Lien Mortgage Loan Amount: $163,125
  • 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, 2050

    Market Valuation

  • Market Total Value: $181,470
  • Market Land Value: $31,050
  • Market Improvement Value: $150,420

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $18,147
  • Assessed Land Value: $3,105
  • Assessed Improvements Value: $15,042

    Sales

  • Current Sale Contract Date: Jun 18, 2020
  • Current Sale Recording Date: Aug 25, 2020
  • Current Sale Transaction ID: 11784050496
  • Current Sale Price: $217,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2023807473
  • Previous Sale Recording Date: Jul 02, 2007
  • Previous Sale Contract Date: Apr 11, 2007
  • Previous Sale Amount: $295,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Mortgage Transaction Date: Aug 25, 2020
  • First Mortgage Loan Amount: $163,125
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF AMERICA NA
  • Previous Mortgage Transaction Date: Jul 02, 2007
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $235,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: May 01, 2037

About Northbrook



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Frequently Asked Questions

What neighborhood is 1408 Shermer Road located in?
The 1408 Shermer Road is a located in the neighborhood of Northfield in Northbrook, Northbrook.
What is the average sales price for listings in 1408 Shermer Road?
The average sales price for units in 1408 Shermer Road is $0 currently.

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