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2202 North Burke Drive

2202 North Burke Drive, Arlington Heights, IL 60004
Property in Wheeling
Sold May 17, 2021
$485,000
$436,500 by Union Home Mortgage Corp
Mortgage Due May 01, 2051
2202 North Burke Drive has been categorized by the local assessors in Arlington Heights, IL as a residential type of property. The building on the property was first built in 1965 and is 59 years old. The home has a total of 5 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There are 2 partial bathrooms in the home. In addition, 2202 North Burke Drive has 1,361 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 8,843 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a split level 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 masonry. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a heating system. 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, 2202 North Burke Drive was last sold in Apr 7, 2021 for $485,000. According to our calculations, that's $356.36 per sqft. Current property owners are expected to pay $8,811 in taxes per year. The property on 2202 North Burke Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $36,839. To break that down further, the land itself was valued at $9,727. While improvements to the property were assessed at a total of $27,112. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Split level
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 8,843
  • Total Building Area: 1,361
  • Gross Building Area: 1,361
  • Building Area: 1,361
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,361
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: IVY HILL SUB UNIT2
  • Land Acres: 0.203
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (IVY)(HILL) SUB (UNIT2) SUB OF PT WH SE SEC 17-42-11

Ownership

  • Current Owner : PHILIP ABRAHAM
  • Current Owner 2: PHILIP JOSE BIBY
  • Previous Owner : DINICOLA SALVATORE
  • Previous Owner 2: DINICOLA SHARON M
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 803008

Geography

  • District: 38
  • Parcel: 03-17-408-003-0000
  • Lot: 90
  • Meridian: SEC 17 TWN 42N RNG 11E
  • Municipality: WHEELING
  • Latitude: 42.1151
  • Longitude: -87.9729

    Address

  • Full Address: 2202 N Burke Dr
  • Legal Unit: 2
  • Address - House Number: 2202
  • Street Direction: N
  • Address - Street Name: Burke
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Arlington Heights
  • Carrier Code: C046
  • 4-Digit Zip Code: 3208
  • Zip Code: 60004

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $8,811
  • Tax Rate Code Area: 38023

    Appraisal Valuation

  • Standard Deviation: 0.2253
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 504,582
  • High Value: 618,303
  • Low Value: 390,861

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $436,500
  • First Open Lien Mortgage Lender: UNION HOME MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: May 17, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $436,500
  • 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: May 01, 2051

    Market Valuation

  • Market Total Value: $368,390
  • Market Land Value: $97,270
  • Market Improvement Value: $271,120

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $36,839
  • Assessed Land Value: $9,727
  • Assessed Improvements Value: $27,112

    Sales

  • Current Sale Contract Date: Apr 07, 2021
  • Current Sale Recording Date: May 17, 2021
  • Current Sale Transaction ID: 11835323498
  • Current Sale Price: $485,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2113701038

    Last Sale Mortgage

  • First Mortgage Lender: UNION HOME MORTGAGE CORP
  • First Mortgage Transaction Date: May 17, 2021
  • First Mortgage Loan Amount: $436,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Arlington Heights



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977 W Happfield Drive, Arlington Heights, IL, 60004 Listing by Lisa Fermanis

Frequently Asked Questions

What neighborhood is 2202 North Burke Drive located in?
The 2202 North Burke Drive is a located in the neighborhood of Wheeling in Arlington Heights, Arlington Heights.
What is the average sales price for listings in 2202 North Burke Drive?
The average sales price for units in 2202 North Burke Drive is $0 currently.

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