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1535 Cornell Place

1535 Cornell Place, Hoffman Estates, IL 60169
Property in Schaumburg
Sold Jun 17, 2021
$154,000
$146,300 by Fairway Mortgage Inc
Mortgage Due Jul 01, 2051
Sold Nov 05, 2014
$86,500
$68,880 by Alliant Cu
Mortgage Due Nov 01, 2044
Local assessors in Hoffman Estates, IL have categorized 1535 Cornell Place as a residential type of property. The home was built in 1976 and is 48 years old. The property's lot size has been calculated to be 690,059 square feet. The linear feet between the front and back of the lot was measured at 200 ft and the front of the lot was measured at 200 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a condo style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 2 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. If we look only at the heated or air conditioned part of the building, then 1535 Cornell Place has a total of 1,000 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. The property was last sold in May 28, 2021 for $154,000. That's $154.00 per sqft. Prior to that sales transaction, the property was also sold in Sep 30, 2014 for $86,500. 1535 Cornell Place was last assessed in 2023. The total value of the property was assessed at $14,210. Specifically, the land the property is located on was valued at $4,083. While improvements on the property were assessed at a total of $10,127. 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 $3,204. 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. 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: 1976
  • Effective Year Built: 1976
  • Building Count: 1
  • Bedroom Count: 2
  • Building Style: Condo
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 690,059
  • Lot Size Depth Feet: 200
  • Lot Size Frontage Feet: 200
  • Total Building Area: 1,000
  • Gross Building Area: 1,000
  • Building Area: 1,000
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,000
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ROBIN FARMS UNIT3 CONDOMINIUM
  • Land Acres: 15.842
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: PART E2 S07 T41N R10E 3P

Ownership

  • Current Owner : AVILA RENE LOPEZ
  • Previous Owner : WICHMAN GEORGE
  • Previous Owner 2: WICHMAN JENNIFER
  • Owner Before Previous Owner: FANNIE MAE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Schaumburg Community Consolidated School District 54
  • Census Tract: 804701

Geography

  • District: 35
  • Parcel: 07-07-400-006-1036
  • Lot: 1-39
  • Meridian: SEC 07 TWN 41N RNG 10E
  • Municipality: SCHAUMBURG
  • Latitude: 42.0534
  • Longitude: -88.1314

    Address

  • Full Address: 1535 Cornell Pl
  • Legal Unit: 3
  • Address - House Number: 1535
  • Address - Street Name: Cornell
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Hoffman Estates
  • Carrier Code: C043
  • 4-Digit Zip Code: 1007
  • Zip Code: 60169

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,204
  • Tax Rate Code Area: 35013

    Appraisal Valuation

  • Standard Deviation: 0.2106
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 71
  • Final Value: 190,239
  • High Value: 230,305
  • Low Value: 150,173

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $146,300
  • First Open Lien Mortgage Lender: FAIRWAY MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Jun 17, 2021
  • First Open Lien Mortgage Loan Amount: $146,300
  • 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: Jul 01, 2051

    Market Valuation

  • Market Total Value: $142,100
  • Market Land Value: $40,830
  • Market Improvement Value: $101,270

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $14,210
  • Assessed Land Value: $4,083
  • Assessed Improvements Value: $10,127

    Sales

  • Current Sale Contract Date: May 28, 2021
  • Current Sale Recording Date: Jun 17, 2021
  • Current Sale Transaction ID: 11840643370
  • Current Sale Price: $154,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2116857017
  • Previous Sale Recording Date: Nov 05, 2014
  • Previous Sale Contract Date: Sep 30, 2014
  • Previous Sale Amount: $86,500
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FAIRWAY MORTGAGE INC
  • First Mortgage Transaction Date: Jun 17, 2021
  • First Mortgage Loan Amount: $146,300
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: ALLIANT CU
  • Previous Mortgage Transaction Date: Nov 05, 2014
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $68,880
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Nov 01, 2044

About Hoffman Estates



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Frequently Asked Questions

What neighborhood is 1535 Cornell Place located in?
The 1535 Cornell Place is a located in the neighborhood of Schaumburg in Hoffman Estates, Hoffman Estates.
What is the average sales price for listings in 1535 Cornell Place?
The average sales price for units in 1535 Cornell Place is $0 currently.

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