2 Hickory Lane

2 Hickory Lane has been categorized by the local assessors in Algonquin, IL as a residential type of property. The building on the property was first built in 1957 and is 67 years old. The home has a total of 3 bedrooms. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 2 Hickory Lane has 2,349 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,500 ft and across the front of the lot is 1,010 ft. The area measurement of the land has been determined as 15,150 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. In terms of heating, it 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, 2 Hickory Lane was last sold in Jul 9, 2018 for $265,000. According to our calculations, that's $76.11 per sqft. Prior to that sales transaction, the property was sold for $170,500 in Sep 1, 1995. Current property owners are expected to pay $9,664 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2021. The property on 2 Hickory Lane was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $118,684. To break that down further, the land itself was valued at $14,527. While improvements to the property were assessed at a total of $104,157. 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. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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.