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1423 North Walnut Avenue

1423 North Walnut Avenue, Arlington Heights, IL 60004
Property in Wheeling
Sold Jul 25, 2006
Transfer
$375,000 by Draper & Kramer Mortgage Corp
Mortgage Due Dec 01, 2042
Sold Aug 24, 2000
$322,000
$332,000 by Merrill Lynch Credit Corp
Mortgage Due Apr 01, 2025
Local assessors in Arlington Heights, IL have categorized 1423 North Walnut Avenue as a residential type of property. The home was built in 1971 and is 53 years old. The property's lot size has been calculated to be 7,920 square feet. The linear feet between the front and back of the lot was measured at 1,310 ft and the front of the lot was measured at 600 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a unknown. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 9 rooms in the home. Of these, 5 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 1423 North Walnut Avenue has a total of 2,520 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. 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 2 available parking spaces so it's a great situation for those with more than one car. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a roof that is made of asphalt. Lots of masonry 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 heating system is the primary heating source. 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. Prior to that sales transaction, the property was sold for $322,000 in Mar 17, 2000. Current property owners are expected to pay $11,757 in taxes per year. The property on 1423 North Walnut Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $48,013. To break that down further, the land itself was valued at $7,920. While improvements to the property were assessed at a total of $40,093. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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

Aluminum Siding
Brick Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,920
  • Lot Size Depth Feet: 1,310
  • Lot Size Frontage Feet: 600
  • Total Building Area: 2,520
  • Gross Building Area: 2,520
  • Building Area: 2,520
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 2,520
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: NORTHWEST HIGHLANDS
  • Land Acres: 0.182
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (NORTHWEST)(HIGHLANDS) SUB EX 2ACS IN SE CORNER OF EH SE SEC 19-42-11

Ownership

  • Current Owner : NOT PROVIDED
  • Previous Owner : SPARKS MARGARET B
  • Owner Before Previous Owner: YELVINGTON PRESTON K
  • Owner Before Previous Owner 2: YELVINGTON JOANNE Z
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 803100

Geography

  • District: 38
  • Parcel: 03-19-402-005-0000
  • Block: 3
  • Lot: 16
  • Meridian: SEC 19 TWN 42N RNG 11E
  • Municipality: WHEELING
  • Latitude: 42.102
  • Longitude: -87.9887

    Address

  • Full Address: 1423 N Walnut Ave
  • Address - House Number: 1423
  • Street Direction: N
  • Address - Street Name: Walnut
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Arlington Heights
  • Carrier Code: C031
  • 4-Digit Zip Code: 4665
  • Zip Code: 60004

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $11,757
  • Tax Rate Code Area: 38023

    Appraisal Valuation

  • Standard Deviation: 0.1989
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 73
  • Final Value: 570,130
  • High Value: 683,533
  • Low Value: 456,726

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $460,000
  • First Open Lien Mortgage Lender: DRAPER & KRAMER MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Dec 04, 2012
  • First Open Lien Mortgage Financing Type: Unknown
  • First Open Lien Mortgage Loan Amount: $375,000
  • 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: Dec 01, 2042
  • Second Open Lien Mortgage Lender: ANDIGO CU
  • Second Open Lien Mortgage Recording Date: Sep 02, 2020
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $85,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)

    Market Valuation

  • Market Total Value: $480,130
  • Market Land Value: $79,200
  • Market Improvement Value: $400,930

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $48,013
  • Assessed Land Value: $7,920
  • Assessed Improvements Value: $40,093

    Sales

  • Current Sale Contract Date: Jun 27, 2006
  • Current Sale Recording Date: Jul 25, 2006
  • Current Sale Transaction ID: 1082357530
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 0620605125
  • Previous Sale Recording Date: Aug 24, 2000
  • Previous Sale Contract Date: Mar 17, 2000
  • Previous Sale Amount: $322,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ING BANK FSB
  • First Mortgage Transaction Date: Jul 25, 2006
  • First Mortgage Loan Amount: $399,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Jul 01, 2036

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: MERRILL LYNCH CREDIT CORP
  • Previous Mortgage Transaction Date: Aug 24, 2000
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $332,000
  • Previous Mortgage Term: 295
  • Previous Mortgage Loan Due Date: Apr 01, 2025

About Arlington Heights



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7 W Campbell Street #13, Arlington Heights, IL, 60005 Listing by Victoria Stein

Frequently Asked Questions

What neighborhood is 1423 North Walnut Avenue located in?
The 1423 North Walnut Avenue is a located in the neighborhood of Wheeling in Arlington Heights, Arlington Heights.
What is the average sales price for listings in 1423 North Walnut Avenue?
The average sales price for units in 1423 North Walnut Avenue is $0 currently.

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