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1525 West Schaumburg Road

1525 West Schaumburg Road, Streamwood, IL 60107
Property in Hanover
Sold Sep 15, 2016
$175,000
$70,000 by Self-help Cu
Mortgage Due Oct 01, 2036
Local assessors in Streamwood, IL have categorized 1525 West Schaumburg Road as a residential type of property. The home was built in 1955 and is 69 years old. The property's lot size has been calculated to be 46,143 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 6 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 1525 West Schaumburg Road has a total of 1,464 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 detached 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 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, 1525 West Schaumburg Road was last sold in Aug 15, 2016 for $175,000. According to our calculations, that's $119.54 per sqft. Current property owners are expected to pay $6,251 in taxes per year. The property on 1525 West Schaumburg Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $27,000. To break that down further, the land itself was valued at $13,000. While improvements to the property were assessed at a total of $14,000. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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.

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: 6
  • 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: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 46,143
  • Total Building Area: 1,464
  • Gross Building Area: 1,464
  • Building Area: 1,464
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,464
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 1.059
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : MEDINA MARTIN
  • Previous Owner : SMITH MARJORIE L
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 804316

Geography

  • District: 18
  • Parcel: 06-22-201-013-0000
  • Meridian: SEC 22 TWN 41N RNG 9E
  • Municipality: HANOVER
  • Latitude: 42.0312
  • Longitude: -88.1848

    Address

  • Full Address: 1525 W Schaumburg Rd
  • Address - House Number: 1525
  • Street Direction: W
  • Address - Street Name: Schaumburg
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Streamwood
  • Carrier Code: C014
  • 4-Digit Zip Code: 1207
  • Zip Code: 60107

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,251
  • Tax Rate Code Area: 18038

    Appraisal Valuation

  • Standard Deviation: 0.2194
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 69
  • Final Value: 328,722
  • High Value: 400,871
  • Low Value: 256,572

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $70,000
  • First Open Lien Mortgage Lender: SELF-HELP CU
  • First Open Lien Mortgage Recording Date: Sep 15, 2016
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $70,000
  • First Open Lien Mortgage Term: 240
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2036

    Market Valuation

  • Market Total Value: $270,000
  • Market Land Value: $130,000
  • Market Improvement Value: $140,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $27,000
  • Assessed Land Value: $13,000
  • Assessed Improvements Value: $14,000

    Sales

  • Current Sale Contract Date: Aug 15, 2016
  • Current Sale Recording Date: Sep 15, 2016
  • Current Sale Transaction ID: 1765138396
  • Current Sale Price: $175,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 1625916032

    Last Sale Mortgage

  • First Mortgage Lender: SELF-HELP CU
  • First Mortgage Transaction Date: Sep 15, 2016
  • First Mortgage Loan Amount: $70,000
  • First Mortgage Terms: 240
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2036

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Streamwood



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Frequently Asked Questions

What neighborhood is 1525 West Schaumburg Road located in?
The 1525 West Schaumburg Road is a located in the neighborhood of Hanover in Streamwood, Streamwood.
What is the average sales price for listings in 1525 West Schaumburg Road?
The average sales price for units in 1525 West Schaumburg Road is $0 currently.

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