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1562 East Baronet Lane

1562 East Baronet Lane, Palatine, IL 60074
Property in Palatine
Sold May 11, 2017
$245,000
Sold Sep 22, 2004
Transfer
$75,000 by Great Northern Financial Corp
Mortgage Due Sep 01, 2034
1562 East Baronet Lane in Palatine, IL was first built in 1998 and is 26 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 condo style. There are a total of 6 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 1562 East Baronet Lane has 1,650 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. In total, the area measurement of the land is 1,305,235 square feet.

Learn more about the property and building on this page. Water for the property is sourced from a municipal system. For those who need parking, there is a attached garage. There are a total of 2 available parking spaces. The exterior walls of the home are made of alum/vinyl siding. 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 forced air unit and being fueled with gas. 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, 1562 East Baronet Lane was last sold in May 1, 2017 for $245,000. According to our calculations, that's $148.48 per sqft. Current property owners are expected to pay $6,186 in taxes per year. The property on 1562 East Baronet Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $27,213. To break that down further, the land itself was valued at $4,947. While improvements to the property were assessed at a total of $22,266. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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: 1998
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Style: Condo
  • Exterior Walls Type: Alum/Vinyl siding
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 1,305,235
  • Total Building Area: 1,650
  • Gross Building Area: 1,650
  • Building Area: 1,650
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,650
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: COVENTRY PARK CONDO
  • Land Acres: 29.964
  • Standard Land Use Code: Condominium unit (residential)

Ownership

  • Current Owner : FERRAZZUOLO ADELINA
  • Previous Owner : SCHARM ALBERT F
  • Owner Before Previous Owner: PRIMACY CLOSING CORP
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Palatine Community Consolidated School District 15
  • Census Tract: 803901

Geography

  • District: 29
  • Parcel: 02-24-203-044-1042
  • Block: 4013
  • Meridian: SEC 24 TWN 42N RNG 10E
  • Municipality: PALATINE
  • Latitude: 42.1043
  • Longitude: -88.0071

    Address

  • Full Address: 1562 E Chivalry Ct
  • Address - House Number: 1562
  • Street Direction: E
  • Address - Street Name: Chivalry
  • Address - Suffix Type: Ct
  • State: IL
  • City Name: Palatine
  • Carrier Code: C057
  • 4-Digit Zip Code: 6827
  • Zip Code: 60074

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,186
  • Tax Rate Code Area: 29046

    Appraisal Valuation

  • Standard Deviation: 0.1926
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 74
  • Final Value: 334,027
  • High Value: 398,381
  • Low Value: 269,673

    Market Valuation

  • Market Total Value: $272,130
  • Market Land Value: $49,470
  • Market Improvement Value: $222,660

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $27,213
  • Assessed Land Value: $4,947
  • Assessed Improvements Value: $22,266

    Sales

  • Current Sale Contract Date: May 01, 2017
  • Current Sale Recording Date: May 11, 2017
  • Current Sale Transaction ID: 1811775953
  • Current Sale Price: $245,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1713108171
  • Previous Sale Recording Date: Sep 22, 2004
  • Previous Sale Contract Date: Jul 22, 2004
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: GREAT NORTHERN FINANCIAL CORP
  • Previous Mortgage Transaction Date: Sep 22, 2004
  • Previous Mortgage Loan Amount: $75,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Sep 01, 2034

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Frequently Asked Questions

What neighborhood is 1562 East Baronet Lane located in?
The 1562 East Baronet Lane is a located in the neighborhood of Palatine in Palatine, Palatine.
What is the average sales price for listings in 1562 East Baronet Lane?
The average sales price for units in 1562 East Baronet Lane is $0 currently.

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