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1504 West Oakton Street

1504 West Oakton Street, Arlington Heights, IL 60004
Property in Wheeling
Sold Jun 05, 2018
$215,000
$145,000 by Quicken Loans Llc
Mortgage Due Aug 01, 2035
Sold Jul 22, 2010
Transfer
1504 West Oakton Street in Arlington Heights, IL was first built in 1955 and is 69 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a bungalow style. It is a single story home. There are a total of 5 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 1504 West Oakton Street has 1,018 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 660 ft and the linear feet between the front and back of the lot is 1,500. In total, the area measurement of the land is 9,966 square feet.

Learn more about the property and building on this page. The roof of the home is made of asphalt. For those who need parking, there is a no garage. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of wood. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a heating system. The property was last sold in May 18, 2018 for $215,000. That's $211.20 per sqft. 1504 West Oakton Street was last assessed in 2023. The total value of the property was assessed at $29,968. Specifically, the land the property is located on was valued at $7,225. While improvements on the property were assessed at a total of $22,743. 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 $6,999. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. 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: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 9,966
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 660
  • Total Building Area: 1,018
  • Gross Building Area: 1,018
  • Building Area: 1,018
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,018
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LUTGERTS SUB
  • Land Acres: 0.229
  • Standard Land Use Code: Single family residential
  • Legal Description 1: RAYMOND L (LUTGERTS) SUB OF W78ACS EX S25FT OF SW SEC 19-42-11

Ownership

  • Current Owner : KIM YOUNG L
  • Previous Owner : PETROVSKI JOHN
  • Owner Before Previous Owner: RADLER JOSEPH C
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 803200

Geography

  • District: 38
  • Parcel: 03-19-322-013-0000
  • Lot: 28
  • Meridian: SEC 19 TWN 42N RNG 11E
  • Municipality: WHEELING
  • Latitude: 42.0959
  • Longitude: -88.001

    Address

  • Full Address: 1504 W Oakton St
  • Address - House Number: 1504
  • Street Direction: W
  • Address - Street Name: Oakton
  • Address - Suffix Type: St
  • State: IL
  • City Name: Arlington Heights
  • Carrier Code: C055
  • 4-Digit Zip Code: 4411
  • Zip Code: 60004

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,999
  • Tax Rate Code Area: 38023

    Appraisal Valuation

  • Standard Deviation: 0.1509
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 69
  • Final Value: 293,524
  • High Value: 337,827
  • Low Value: 249,220

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $145,000
  • First Open Lien Mortgage Lender: QUICKEN LOANS LLC
  • First Open Lien Mortgage Recording Date: Aug 14, 2020
  • First Open Lien Mortgage Loan Amount: $145,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2035

    Market Valuation

  • Market Total Value: $299,680
  • Market Land Value: $72,250
  • Market Improvement Value: $227,430

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $29,968
  • Assessed Land Value: $7,225
  • Assessed Improvements Value: $22,743

    Sales

  • Current Sale Contract Date: May 18, 2018
  • Current Sale Recording Date: Jun 05, 2018
  • Current Sale Transaction ID: 11469091073
  • Current Sale Price: $215,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1815601040
  • Previous Sale Recording Date: Jul 22, 2010
  • Previous Sale Contract Date: Jul 20, 2010
  • Previous Sale Document Type: Legal Action/Court Order

    Last Sale Mortgage

  • First Mortgage Lender: LOANDEPOT.COM LLC
  • First Mortgage Transaction Date: Jun 05, 2018
  • First Mortgage Loan Amount: $172,000
  • First Mortgage Terms: 240
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2038

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Arlington Heights



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Frequently Asked Questions

What neighborhood is 1504 West Oakton Street located in?
The 1504 West Oakton Street is a located in the neighborhood of Wheeling in Arlington Heights, Arlington Heights.
What is the average sales price for listings in 1504 West Oakton Street?
The average sales price for units in 1504 West Oakton Street is $0 currently.

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