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2206 Martin Lane

2206 Martin Lane, Rolling Meadows, IL 60008
Property in Palatine
Sold Sep 20, 2007
$242,000
$216,000 by Midwest Community Bank
Mortgage Due Nov 01, 2044
Sold Jul 31, 2003
$225,000
$180,000 by Equity Mortgage Corp
Mortgage Due Jul 01, 2033
2206 Martin Lane in Rolling Meadows, IL was first built in 1962 and is 62 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 bungalow style. It is a single story home. There are a total of 7 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 2206 Martin Lane has 1,437 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. In total, the area measurement of the land is 9,362 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 municipal system. For those who need parking, there is a detached 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 air conditioning. As for heating, the home 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, 2206 Martin Lane was last sold in Aug 29, 2007 for $242,000. According to our calculations, that's $168.41 per sqft. Prior to that sales transaction, the property was sold for $225,000 in Jun 12, 2003. Current property owners are expected to pay $6,627 in taxes per year. The property on 2206 Martin Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $26,000. To break that down further, the land itself was valued at $5,149. While improvements to the property were assessed at a total of $20,851. 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: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Bungalow
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 9,362
  • Total Building Area: 1,437
  • Gross Building Area: 1,437
  • Building Area: 1,437
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,437
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: ROLLING MEADOWS UNIT19
  • Land Acres: 0.215
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (ROLLING)(MEADOWS)(UNIT19) SUB IN PT OF NE SEC 36-42-10

Ownership

  • Current Owner : CRUZ ESTELA
  • Current Owner 2: BAHENA JUAN
  • Previous Owner : KLISH SYLVESTER
  • Previous Owner 2: KLISH KATHLEEN
  • Owner Before Previous Owner: TOMASEK CHARLES F
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 804000

Geography

  • District: 29
  • Parcel: 02-36-215-029-0000
  • Lot: 2774
  • Meridian: SEC 36 TWN 42N RNG 10E
  • Municipality: PALATINE
  • Latitude: 42.0746
  • Longitude: -88.009

    Address

  • Full Address: 2206 Martin Ln
  • Legal Unit: 19
  • Address - House Number: 2206
  • Address - Street Name: Martin
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Rolling Meadows
  • Carrier Code: C008
  • 4-Digit Zip Code: 2748
  • Zip Code: 60008

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,627
  • Tax Rate Code Area: 29015

    Appraisal Valuation

  • Standard Deviation: 0.2282
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 327,541
  • High Value: 402,307
  • Low Value: 252,774

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $216,000
  • First Open Lien Mortgage Lender: MIDWEST COMMUNITY BANK
  • First Open Lien Mortgage Recording Date: Oct 09, 2014
  • First Open Lien Mortgage Loan Amount: $216,000
  • 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: Nov 01, 2044

    Market Valuation

  • Market Total Value: $260,000
  • Market Land Value: $51,490
  • Market Improvement Value: $208,510

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $26,000
  • Assessed Land Value: $5,149
  • Assessed Improvements Value: $20,851

    Sales

  • Current Sale Contract Date: Aug 29, 2007
  • Current Sale Recording Date: Sep 20, 2007
  • Current Sale Transaction ID: 1078114344
  • Current Sale Price: $242,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 0726355003
  • Previous Sale Recording Date: Jul 31, 2003
  • Previous Sale Contract Date: Jun 12, 2003
  • Previous Sale Amount: $225,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WASHINGTON MUTUAL BANK FA
  • First Mortgage Transaction Date: Sep 20, 2007
  • First Mortgage Loan Amount: $229,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Unknown (DEFAULT)
  • First Mortgage Loan Due Date: Oct 01, 2037

    Previous Mortgages

  • Previous Mortgage Lender: EQUITY MORTGAGE CORP
  • Previous Mortgage Transaction Date: Jul 31, 2003
  • Previous Mortgage Loan Amount: $180,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Unknown (DEFAULT)
  • Previous Mortgage Loan Due Date: Jul 01, 2033

About Rolling Meadows



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Frequently Asked Questions

What neighborhood is 2206 Martin Lane located in?
The 2206 Martin Lane is a located in the neighborhood of Palatine in Rolling Meadows, Rolling Meadows.
What is the average sales price for listings in 2206 Martin Lane?
The average sales price for units in 2206 Martin Lane is $0 currently.

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