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1501 Cypress Court

1501 Cypress Court, Hanover Park, IL 60133
Property in Schaumburg
Sold Jul 31, 2018
$273,000
$259,684 by Nationstar Mortgage Llc
Mortgage Due Jan 01, 2052
Sold Nov 27, 2017
$145,000
Local assessors in Hanover Park, IL have categorized 1501 Cypress Court as a residential type of property. The home was built in 1966 and is 58 years old. The property's lot size has been calculated to be 9,990 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a bungalow style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 4 rooms in the home. Of these, 3 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 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 1501 Cypress Court has a total of 1,136 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 no garage for those who need a place to park their vehicle. 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 wood were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a heating system is the primary heating source. 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, 1501 Cypress Court sold most recently in Jul 24, 2018 for a total of $273,000. If you work out the math, that's approximately a cost of $240.32 per sqft. Before that, the property was also sold for $145,000 in Nov 13, 2017. 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 $6,283 in taxes each year. 1501 Cypress Court was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $24,001. If we break it down further, the land itself was valued at $6,494. Improvements to the property, however, were assessed at a total of $17,507. 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: 1966
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Bungalow
  • Exterior Walls Type: Wood
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,990
  • Total Building Area: 1,136
  • Gross Building Area: 1,136
  • Building Area: 1,136
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,136
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HANOVER HIGHLANDS
  • Land Acres: 0.229
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (HANOVER)(HIGHLANDS) SUB OF SH NW & N 49 ACS SW OF SEC 31-41-10

Ownership

  • Current Owner : SANTOS KARINA M
  • Previous Owner : VIMA REAL ESTATE INC
  • Owner Before Previous Owner: NICKOL JODY J
  • Owner Before Previous Owner 2: NICKOL RANDY J
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Schaumburg Community Consolidated School District 54
  • Census Tract: 804804

Geography

  • District: 35
  • Parcel: 07-31-102-016-0000
  • Block: 1
  • Lot: 16
  • Meridian: SEC 31 TWN 41N RNG 10E
  • Municipality: SCHAUMBURG
  • Latitude: 41.9993
  • Longitude: -88.1417

    Address

  • Full Address: 1501 Cypress Ct
  • Address - House Number: 1501
  • Address - Street Name: Cypress
  • Address - Suffix Type: Ct
  • State: IL
  • City Name: Hanover Park
  • Carrier Code: C005
  • 4-Digit Zip Code: 3700
  • Zip Code: 60133

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,283
  • Tax Rate Code Area: 35022

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 316,294
  • High Value: 388,516
  • Low Value: 244,071

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $259,684
  • First Open Lien Mortgage Lender: NATIONSTAR MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Jan 11, 2022
  • First Open Lien Mortgage Loan Amount: $259,684
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2052

    Market Valuation

  • Market Total Value: $240,010
  • Market Land Value: $64,940
  • Market Improvement Value: $175,070

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $24,001
  • Assessed Land Value: $6,494
  • Assessed Improvements Value: $17,507

    Sales

  • Current Sale Contract Date: Jul 24, 2018
  • Current Sale Recording Date: Jul 31, 2018
  • Current Sale Transaction ID: 11489672288
  • Current Sale Price: $273,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1821219052
  • Previous Sale Recording Date: Nov 27, 2017
  • Previous Sale Contract Date: Nov 13, 2017
  • Previous Sale Amount: $145,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CHERRY CREEK MORTGAGE CO INC
  • First Mortgage Transaction Date: Jul 31, 2018
  • First Mortgage Loan Amount: $268,055
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Aug 01, 2048

    Financing

  • First Mortgage Financing Type: Unknown

About Hanover Park



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Frequently Asked Questions

What neighborhood is 1501 Cypress Court located in?
The 1501 Cypress Court is a located in the neighborhood of Schaumburg in Hanover Park, Hanover Park.
What is the average sales price for listings in 1501 Cypress Court?
The average sales price for units in 1501 Cypress Court is $0 currently.

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