Check Availability

1575 Chesapeake Drive

1575 Chesapeake Drive, Hoffman Estates, IL 60192
House in Palatine
Sold Oct 14, 2021
$329,000
$263,200 by Union Home Mortgage Corp
Mortgage Due Nov 01, 2051
Sold Jun 12, 2017
$306,000
1575 Chesapeake Drive has been categorized by the local assessors in Hoffman Estates, IL as a residential type of property. The building on the property was first built in 1980 and is 44 years old. The home has a total of 7 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 1575 Chesapeake Drive has 1,618 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 10,014 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a bungalow style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. According to our sources, there are a total of 2 available parking spaces. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The roof of the building is made of asphalt. The exterior walls of the building are made of wood. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heating system. There is a single fireplace in the home. Perfect for those wintery nights. The property was last sold in Aug 24, 2021 for $329,000. That's $203.34 per sqft. Prior to that sales transaction, the property was also sold in Jun 8, 2017 for $306,000. 1575 Chesapeake Drive was last assessed in 2023. The total value of the property was assessed at $34,000. Specifically, the land the property is located on was valued at $9,013. While improvements on the property were assessed at a total of $24,987. 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 $10,074. 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.

Building Features

Exterior

Aluminum Siding
Stone Exterior

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1980
  • Effective Year Built: 1980
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 10,014
  • Total Building Area: 1,618
  • Gross Building Area: 1,618
  • Building Area: 1,618
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,618
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: POPLAR HILLS UNIT5
  • Land Acres: 0.23
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (POPLAR)(HILLS)(UNIT5) BEING SUB OF PT OF SE 24-42-9 & PT SW 19-42-10 SE SEC 24-42-09

Ownership

  • Current Owner : NIKITINA TETYANA
  • Current Owner 2: PAVSHOK VASYL
  • Previous Owner : CARRASCO EDDY A
  • Previous Owner 2: MONTES ISABEL
  • Owner Before Previous Owner: DYS KAMIL
  • Owner Before Previous Owner 2: DYS AMBER
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Palatine Community Consolidated School District 15
  • Census Tract: 804104

Geography

  • District: 29
  • Parcel: 02-19-329-007-0000
  • Block: 22
  • Lot: 7
  • Meridian: SEC 24 TWN 42N RNG 09E
  • Municipality: PALATINE
  • Latitude: 42.0969
  • Longitude: -88.1186

    Address

  • Full Address: 1575 Chesapeake Dr
  • Legal Unit: 5
  • Address - House Number: 1575
  • Address - Street Name: Chesapeake
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Hoffman Estates
  • Carrier Code: C038
  • 4-Digit Zip Code: 1219
  • Zip Code: 60192

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $10,074
  • Tax Rate Code Area: 29082

    Appraisal Valuation

  • Standard Deviation: 0.2197
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 69
  • Final Value: 397,746
  • High Value: 485,160
  • Low Value: 310,332

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $263,200
  • First Open Lien Mortgage Lender: UNION HOME MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Oct 14, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $263,200
  • 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: Nov 01, 2051

    Market Valuation

  • Market Total Value: $340,000
  • Market Land Value: $90,130
  • Market Improvement Value: $249,870

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $34,000
  • Assessed Land Value: $9,013
  • Assessed Improvements Value: $24,987

    Sales

  • Current Sale Contract Date: Aug 24, 2021
  • Current Sale Recording Date: Oct 14, 2021
  • Current Sale Transaction ID: 11860068015
  • Current Sale Price: $329,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2128701314
  • Previous Sale Recording Date: Jun 12, 2017
  • Previous Sale Contract Date: Jun 08, 2017
  • Previous Sale Amount: $306,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNION HOME MORTGAGE CORP
  • First Mortgage Transaction Date: Oct 14, 2021
  • First Mortgage Loan Amount: $263,200
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Hoffman Estates



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at 1885 Shorewood Drive, Hoffman Estates, IL, 60192

$3,600 /mo

  • 4 Beds
  • 2.5 Baths
  • 2,358 ft²
1885 Shorewood Drive, Hoffman Estates, IL, 60192 Listing by Yi-Chieh Tseng

Frequently Asked Questions

What neighborhood is 1575 Chesapeake Drive located in?
The 1575 Chesapeake Drive is a house located in the neighborhood of Palatine in Hoffman Estates, Hoffman Estates.
What is the average sales price for listings in 1575 Chesapeake Drive?
The average sales price for units in 1575 Chesapeake Drive is $0 currently.

Quantcast