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2077 Thorntree Lane

2077 Thorntree Lane, Palatine, IL 60067
House in Palatine
Sold Sep 27, 2021
$745,000
$395,000 by Neighborhood Loans
Mortgage Due Aug 01, 2051
Sold Aug 25, 2009
$700,000
$417,000 by Wintrust Mortgage
Mortgage Due Sep 01, 2039
2077 Thorntree Lane in Palatine, IL was first built in 1959 and is 65 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 unknown. There are a total of 2 floors. There are a total of 9 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 4 partial bathrooms. 2077 Thorntree Lane has 3,495 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. The linear feet across the front of the lot is 1,000 ft and the linear feet between the front and back of the lot is 2,560. In total, the area measurement of the land is 26,000 square feet.

Learn more about the property and building on this page. The roof of the home is made of asphalt. Water for the property is sourced from a well system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a attached garage. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of masonry. 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 heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. The property was last sold in Jul 12, 2021 for $745,000. That's $213.16 per sqft. Prior to that sales transaction, the property was also sold in Jun 10, 2009 for $700,000. 2077 Thorntree Lane was last assessed in 2023. The total value of the property was assessed at $69,000. Specifically, the land the property is located on was valued at $14,300. While improvements on the property were assessed at a total of $54,700. 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 $20,500. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. 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

Brick Exterior
Cedar Siding
Stone Exterior

Parking

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

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 26,000
  • Lot Size Depth Feet: 2,560
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 3,495
  • Gross Building Area: 3,495
  • Building Area: 3,495
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 3,495
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Well

Building

  • Property Class: Residential
  • Subdivision: PLUM GROVE WOODLANDS
  • Land Acres: 0.597
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (PLUM)(GROVE)(WOODLANDS)SUB OF PT OF NW WH SW SEC 35-42-10

Ownership

  • Current Owner : CHAHAL RAJPAL S
  • Current Owner 2: CHAHAL MANDEEP K
  • Previous Owner : PALACIOS MIGUEL
  • Previous Owner 2: PALACIOS REBECCA L
  • Owner Before Previous Owner: PRUDENTIAL RELOCATION INC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Palatine Community Consolidated School District 15
  • Census Tract: 804109

Geography

  • District: 29
  • Parcel: 02-35-304-003-0000
  • Lot: 8
  • Meridian: SEC 35 TWN 42N RNG 10E
  • Municipality: PALATINE
  • Latitude: 42.0726
  • Longitude: -88.0396

    Address

  • Full Address: 2077 Thorntree Ln
  • Address - House Number: 2077
  • Address - Street Name: Thorntree
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Palatine
  • Carrier Code: C007
  • 4-Digit Zip Code: 7503
  • Zip Code: 60067

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $20,500
  • Tax Rate Code Area: 29012

    Appraisal Valuation

  • Standard Deviation: 0.198
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 73
  • Final Value: 868,239
  • High Value: 1,040,210
  • Low Value: 696,268

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $395,000
  • First Open Lien Mortgage Lender: NEIGHBORHOOD LOANS
  • First Open Lien Mortgage Recording Date: Sep 27, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $395,000
  • 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: Aug 01, 2051

    Market Valuation

  • Market Total Value: $690,000
  • Market Land Value: $143,000
  • Market Improvement Value: $547,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $69,000
  • Assessed Land Value: $14,300
  • Assessed Improvements Value: $54,700

    Sales

  • Current Sale Contract Date: Jul 12, 2021
  • Current Sale Recording Date: Sep 27, 2021
  • Current Sale Transaction ID: 11857641749
  • Current Sale Price: $745,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2127013059
  • Previous Sale Recording Date: Aug 25, 2009
  • Previous Sale Contract Date: Jun 10, 2009
  • Previous Sale Amount: $700,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: NEIGHBORHOOD LOANS
  • First Mortgage Transaction Date: Sep 27, 2021
  • First Mortgage Loan Amount: $395,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: WINTRUST MORTGAGE
  • Previous Mortgage Transaction Date: Aug 25, 2009
  • Previous Mortgage Loan Amount: $417,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Sep 01, 2039

About Cook



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Frequently Asked Questions

What neighborhood is 2077 Thorntree Lane located in?
The 2077 Thorntree Lane is a house located in the neighborhood of Palatine in Cook, Palatine.
What is the average sales price for listings in 2077 Thorntree Lane?
The average sales price for units in 2077 Thorntree Lane is $0 currently.

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