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218 South Hi Lusi Avenue

218 South Hi Lusi Avenue, Mount Prospect, IL 60056
House in Elk Grove
Sold Aug 09, 2006
$350,000
$272,531 by Jpmorgan Chase Bank Na
Mortgage Due Dec 01, 2042
Sold Oct 11, 2005
$312,500
$218,750 by Key Mortgage Services Inc
Mortgage Due Oct 01, 2035
Local assessors in Mount Prospect, IL have categorized 218 South Hi Lusi Avenue as a residential type of property. The home was built in 1952 and is 72 years old. The property's lot size has been calculated to be 7,800 square feet. The linear feet between the front and back of the lot was measured at 1,550 ft and the front of the lot was measured at 500 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a unknown. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. 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 218 South Hi Lusi Avenue has a total of 1,339 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. The home sources its water from a municipal system. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. There is only one available parking space, so if you need more, you may need to find some alternatives. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a roof that is made of asphalt. Lots of masonry were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a heating system is the primary heating source. 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, 218 South Hi Lusi Avenue sold most recently in Jul 26, 2006 for a total of $350,000. If you work out the math, that's approximately a cost of $261.39 per sqft. Before that, the property was also sold for $312,500 in Sep 14, 2005. 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 $9,374 in taxes each year. 218 South Hi Lusi Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $35,000. If we break it down further, the land itself was valued at $7,800. Improvements to the property, however, were assessed at a total of $27,200. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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.

Building Features

Exterior

Brick Exterior
Vinyl Siding

Parking

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

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: Detached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 7,800
  • Lot Size Depth Feet: 1,550
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,339
  • Gross Building Area: 1,339
  • Building Area: 1,339
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,339
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: BERRY COMPANYS COLONIAL MANOR
  • Land Acres: 0.179
  • Standard Land Use Code: Single family residential
  • Legal Description 1: H ROY (BERRY) COMPANYS (COLONIAL)(MANOR) SUB OF PT OF NE OF SEC 11 & PT OF NW OF SEC 12 NE SEC 11-41-11

Ownership

  • Current Owner : VARGHESE KOSHY
  • Previous Owner : CHICAGO TITLE LAND TRUST CO
  • Owner Before Previous Owner: LASALLE BANK NA

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 804901

Geography

  • District: 16
  • Parcel: 08-11-211-022-0000
  • Lot: 258
  • Meridian: SEC 11 TWN 41N RNG 11E
  • Municipality: ELK GROVE
  • Latitude: 42.0613
  • Longitude: -87.9441

    Address

  • Full Address: 218 S Hi Lusi Ave
  • Address - House Number: 218
  • Street Direction: S
  • Address - Street Name: Hi Lusi
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Mount Prospect
  • Carrier Code: C064
  • 4-Digit Zip Code: 3027
  • Zip Code: 60056

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $9,374
  • Tax Rate Code Area: 16016

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 428,865
  • High Value: 526,792
  • Low Value: 330,937

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $272,531
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Sep 13, 2013
  • First Open Lien Mortgage Loan Amount: $272,531
  • 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: Dec 01, 2042

    Market Valuation

  • Market Total Value: $350,000
  • Market Land Value: $78,000
  • Market Improvement Value: $272,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $35,000
  • Assessed Land Value: $7,800
  • Assessed Improvements Value: $27,200

    Sales

  • Current Sale Contract Date: Jul 26, 2006
  • Current Sale Recording Date: Aug 09, 2006
  • Current Sale Transaction ID: 1176420743
  • Current Sale Price: $350,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 0622156104
  • Previous Sale Recording Date: Oct 11, 2005
  • Previous Sale Contract Date: Sep 14, 2005
  • Previous Sale Amount: $312,500
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: WASHINGTON MUTUAL BANK FA
  • First Mortgage Transaction Date: Aug 09, 2006
  • First Mortgage Loan Amount: $280,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Unknown (DEFAULT)
  • First Mortgage Loan Due Date: Aug 01, 2036

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: KEY MORTGAGE SERVICES INC
  • Previous Mortgage Transaction Date: Oct 11, 2005
  • Previous Mortgage Loan Amount: $218,750
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Oct 01, 2035

About Mount Prospect



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 218 South Hi Lusi Avenue located in?
The 218 South Hi Lusi Avenue is a house located in the neighborhood of Elk Grove in Mount Prospect, Mount Prospect.
What is the average sales price for listings in 218 South Hi Lusi Avenue?
The average sales price for units in 218 South Hi Lusi Avenue is $0 currently.

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