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1465 Meyer Road

1465 Meyer Road, Hoffman Estates, IL 60169
House in Schaumburg
Sold Sep 03, 2019
$275,000
$270,019 by Fifth Third Bank
Mortgage Due Sep 01, 2049
Sold May 06, 1996
Transfer
$116,000 by Crestar Mtg Corp
Mortgage Due Feb 01, 2026
Local assessors in Hoffman Estates, IL have categorized 1465 Meyer Road as a residential type of property. The home was built in 1970 and is 54 years old. The property's lot size has been calculated to be 12,332 square feet. 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 8 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 is one full bathroom. There are also 2 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 1465 Meyer Road has a total of 1,729 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. Based on our sources, 1465 Meyer Road was last sold in Aug 9, 2019 for $275,000. According to our calculations, that's $159.05 per sqft. Current property owners are expected to pay $8,488 in taxes per year. The property on 1465 Meyer Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $32,000. To break that down further, the land itself was valued at $9,249. While improvements to the property were assessed at a total of $22,751. 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

Brick Exterior
Cedar Siding

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: Finished improved basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 12,332
  • Total Building Area: 1,729
  • Gross Building Area: 1,729
  • Building Area: 1,729
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,729
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HIGHLANDS WEST AT HOFFMAN ESTATES XXVIII
  • Land Acres: 0.283
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (HIGHLANDS) (WEST) AT (HOFFMAN) ESTATES (XXVIII) SUB OF PT SH SEC8 & PT NE SEC17 SH SEC 08-41-10

Ownership

  • Current Owner : SALGADO ULISSES
  • Current Owner 2: SALGADO MARIA E
  • Previous Owner : RIESTERER TERRY B
  • Owner Before Previous Owner: HARRIS BANK PALATINE
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Schaumburg Community Consolidated School District 54
  • Census Tract: 804705

Geography

  • District: 35
  • Parcel: 07-08-400-033-0000
  • Block: 228
  • Lot: 26
  • Meridian: SEC 08 TWN 41N RNG 10E
  • Municipality: SCHAUMBURG
  • Latitude: 42.0523
  • Longitude: -88.1177

    Address

  • Full Address: 1465 Meyer Rd
  • Address - House Number: 1465
  • Address - Street Name: Meyer
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Hoffman Estates
  • Carrier Code: C021
  • 4-Digit Zip Code: 1221
  • Zip Code: 60169

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $8,488
  • Tax Rate Code Area: 35013

    Appraisal Valuation

  • Standard Deviation: 0.2276
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 388,721
  • High Value: 477,222
  • Low Value: 300,219

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $301,984
  • First Open Lien Mortgage Lender: FIFTH THIRD BANK
  • First Open Lien Mortgage Recording Date: Sep 03, 2019
  • First Open Lien Mortgage Financing Type: Unknown
  • First Open Lien Mortgage Loan Amount: $270,019
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2049
  • Second Open Lien Mortgage Lender: FIFTH THIRD BANK NA
  • Second Open Lien Mortgage Recording Date: Jul 12, 2021
  • Second Open Lien Mortgage Loan Amount: $31,965
  • Second Open Lien Mortgage Term: 337
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: FHA
  • Second Open Lien Mortgage Loan Due Date: Sep 01, 2049

    Market Valuation

  • Market Total Value: $320,000
  • Market Land Value: $92,490
  • Market Improvement Value: $227,510

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $32,000
  • Assessed Land Value: $9,249
  • Assessed Improvements Value: $22,751

    Sales

  • Current Sale Contract Date: Aug 09, 2019
  • Current Sale Recording Date: Sep 03, 2019
  • Current Sale Transaction ID: 11642129340
  • Current Sale Price: $275,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1924646339
  • Previous Sale Recording Date: May 06, 1996
  • Previous Sale Contract Date: Feb 02, 1996
  • Previous Sale Document Type: Trustee's Deed (Certificate of Title)

    Last Sale Mortgage

  • First Mortgage Lender: FIFTH THIRD BANK
  • First Mortgage Transaction Date: Sep 03, 2019
  • First Mortgage Loan Amount: $270,019
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Sep 01, 2049

    Financing

  • First Mortgage Financing Type: Unknown

    Previous Mortgages

  • Previous Mortgage Lender: CRESTAR MTG CORP
  • Previous Mortgage Transaction Date: May 06, 1996
  • Previous Mortgage Loan Amount: $116,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Feb 01, 2026

About Hoffman Estates



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Frequently Asked Questions

What neighborhood is 1465 Meyer Road located in?
The 1465 Meyer Road is a house located in the neighborhood of Schaumburg in Hoffman Estates, Hoffman Estates.
What is the average sales price for listings in 1465 Meyer Road?
The average sales price for units in 1465 Meyer Road is $0 currently.

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