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1470 Turkey Trail

1470 Turkey Trail, Palatine, IL 60067
Property in Palatine
Sold Nov 10, 2021
$615,000
$307,500 by Fairway Independent Mortgage C
Mortgage Due Nov 01, 2051
Sold Sep 16, 1998
$490,000
$227,150 by Key Mortgage
Mortgage Due Oct 01, 2028
Local assessors in Palatine, IL have categorized 1470 Turkey Trail as a residential type of property. The home was built in 1975 and is 49 years old. The property's lot size has been calculated to be 39,117 square feet. The linear feet between the front and back of the lot was measured at 1,850 ft and the front of the lot was measured at 2,120 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a ranch/rambler style. 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 are 2 full bathrooms. There are also 3 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1470 Turkey Trail has a total of 2,922 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 3 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 good. 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 masonry 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. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1470 Turkey Trail sold most recently in Oct 13, 2021 for a total of $615,000. If you work out the math, that's approximately a cost of $210.47 per sqft. Before that, the property was also sold for $490,000 in Sep 14, 1998. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $13,020 in taxes each year. 1470 Turkey Trail was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $48,000. If we break it down further, the land itself was valued at $11,735. Improvements to the property, however, were assessed at a total of $36,265. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can 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: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 39,117
  • Lot Size Depth Feet: 1,850
  • Lot Size Frontage Feet: 2,120
  • Total Building Area: 2,922
  • Gross Building Area: 2,922
  • Building Area: 2,922
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 2,922
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: VALLEY LAKES UNIT2
  • Land Acres: 0.898
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (VALLEY)(LAKES)(UNIT2) SUB OF PT LT 5 OF VALLEY LAKES UNIT1 IN SEC 28 & PT SE NE SEC 29-42-10

Ownership

  • Current Owner : TOKARCZYK GRZEGORZ
  • Previous Owner : WALTER JANET J
  • Previous Owner 2: NEWTON DOUGLAS
  • Owner Before Previous Owner: REVOCAB FRIESENDORF MARY SUSAN
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Palatine Community Consolidated School District 15
  • Census Tract: 804102

Geography

  • District: 29
  • Parcel: 02-29-203-011-0000
  • Lot: 5
  • Meridian: SEC 29 TWN 42N RNG 10E
  • Municipality: PALATINE
  • Latitude: 42.0916
  • Longitude: -88.0833

    Address

  • Full Address: 1470 Turkey Trl
  • Legal Unit: 2
  • Address - House Number: 1470
  • Address - Street Name: Turkey
  • Address - Suffix Type: Trl
  • State: IL
  • City Name: Inverness
  • Carrier Code: C045
  • 4-Digit Zip Code: 4758
  • Zip Code: 60067

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $13,020
  • Tax Rate Code Area: 29053

    Appraisal Valuation

  • Standard Deviation: 0.2246
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 69
  • Final Value: 643,368
  • High Value: 787,905
  • Low Value: 498,830

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $307,500
  • First Open Lien Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Open Lien Mortgage Recording Date: Nov 10, 2021
  • First Open Lien Mortgage Loan Amount: $307,500
  • 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: Nov 01, 2051

    Market Valuation

  • Market Total Value: $480,000
  • Market Land Value: $117,350
  • Market Improvement Value: $362,650

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $48,000
  • Assessed Land Value: $11,735
  • Assessed Improvements Value: $36,265

    Sales

  • Current Sale Contract Date: Oct 13, 2021
  • Current Sale Recording Date: Nov 10, 2021
  • Current Sale Transaction ID: 11868260005
  • Current Sale Price: $615,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2131408033
  • Previous Sale Recording Date: Sep 16, 1998
  • Previous Sale Contract Date: Sep 14, 1998
  • Previous Sale Amount: $490,000
  • Previous Sale Document Type: Trustee's Deed (Certificate of Title)

    Last Sale Mortgage

  • First Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Mortgage Transaction Date: Nov 10, 2021
  • First Mortgage Loan Amount: $307,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: KEY MORTGAGE
  • Previous Mortgage Transaction Date: Sep 16, 1998
  • Previous Mortgage Loan Amount: $227,150
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Oct 01, 2028

About Inverness



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Frequently Asked Questions

What neighborhood is 1470 Turkey Trail located in?
The 1470 Turkey Trail is a located in the neighborhood of Palatine in Inverness, Palatine.
What is the average sales price for listings in 1470 Turkey Trail?
The average sales price for units in 1470 Turkey Trail is $0 currently.

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