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1741 Melbourne Lane

1741 Melbourne Lane, Aurora, IL 60503
Property in Far Southeast
Sold Aug 26, 2016
$238,000
$214,200 by Movement Mortgage
Mortgage Due Sep 01, 2031
Sold Aug 25, 2003
$231,000
$227,781 by Midamerica Bank Fsb
Mortgage Due Aug 01, 2033
Local assessors in Aurora, IL have categorized 1741 Melbourne Lane as a residential type of property. The home was built in 1999 and is 25 years old. The property's lot size has been calculated to be 6,696 square feet. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1741 Melbourne Lane has a total of 2,107 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 garage for those who need a place to park their vehicle. The garage on the property is 452 sqft. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1741 Melbourne Lane sold most recently in Aug 8, 2016 for a total of $238,000. If you work out the math, that's approximately a cost of $77.93 per sqft. Before that, the property was also sold for $231,000 in Jul 14, 2003. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $9,341 in taxes each year. 1741 Melbourne Lane was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $99,862. If we break it down further, the land itself was valued at $25,805. Improvements to the property, however, were assessed at a total of $74,057. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Floor Count: 2
  • Basement Type: Unspecified basement
  • Basement Area: 947
  • Garage Type: Garage
  • Garage Square Area: 452
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,696
  • Total Building Area: 3,054
  • Building Area: 2,107
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,107
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WHEATLANDS UNIT 1B
  • Land Acres: 0.15
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 114 IN THE WHEATLANDS, UNIT 1B, BEING A SUB OF PRT OF THE NW FRAC'L 1/4 OF SEC 6, T37N-R9E; PRT OF THE SW1/4 OF SEC 31,T

Ownership

  • Current Owner : BHANJI KISHOR
  • Current Owner 2: WU RONG
  • Previous Owner : MESCHI JOSEPH T
  • Previous Owner 2: MESCHI ANJALIKA M
  • Owner Before Previous Owner: SAUCEDO ELIBERTO J
  • Owner Before Previous Owner 2: SAUCEDO SHARRON A
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Oswego Community Unit School District 308
  • Census Tract: 880324

Geography

  • Parcel: 07-01-06-104-019
  • Lot: 114
  • Meridian: SEC 06 TWN 37N RNG 09E
  • Municipality: WHEATLAND
  • Latitude: 41.7237
  • Longitude: -88.2593

    Address

  • Full Address: 1741 Melbourne Ln
  • Legal Unit: 1B
  • Address - House Number: 1741
  • Address - Street Name: Melbourne
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Aurora
  • Carrier Code: R011
  • 4-Digit Zip Code: 7602
  • Zip Code: 60503

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $9,341
  • Tax Rate Code Area: 0751

    Appraisal Valuation

  • Standard Deviation: 0.1552
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 80
  • Final Value: 395,528
  • High Value: 456,941
  • Low Value: 334,116

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $214,200
  • First Open Lien Mortgage Lender: MOVEMENT MORTGAGE
  • First Open Lien Mortgage Recording Date: Aug 26, 2016
  • First Open Lien Mortgage Financing Type: Unknown
  • First Open Lien Mortgage Loan Amount: $214,200
  • 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: Sep 01, 2031

    Market Valuation

  • Market Total Value: $299,586
  • Market Land Value: $77,415
  • Market Improvement Value: $222,171

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $99,862
  • Assessed Land Value: $25,805
  • Assessed Improvements Value: $74,057

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 08, 2016
  • Current Sale Recording Date: Aug 26, 2016
  • Current Sale Transaction ID: 1781463982
  • Current Sale Price: $238,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: R2016066400
  • Previous Sale Recording Date: Aug 25, 2003
  • Previous Sale Contract Date: Jul 14, 2003
  • Previous Sale Amount: $231,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MOVEMENT MORTGAGE
  • First Mortgage Transaction Date: Aug 26, 2016
  • First Mortgage Loan Amount: $214,200
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2031

    Financing

  • First Mortgage Financing Type: Unknown

    Previous Mortgages

  • Previous Mortgage Lender: MIDAMERICA BANK FSB
  • Previous Mortgage Transaction Date: Aug 25, 2003
  • Previous Mortgage Loan Amount: $227,781
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Aug 01, 2033

About Far Southeast



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1752 Rebecca Lane, Aurora, IL, 60504 Listing by Anita Saggar

Frequently Asked Questions

What neighborhood is 1741 Melbourne Lane located in?
The 1741 Melbourne Lane is a located in the neighborhood of Far Southeast in Far Southeast, Aurora.
What is the average sales price for listings in 1741 Melbourne Lane?
The average sales price for units in 1741 Melbourne Lane is $0 currently.

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