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2308 South Street

2308 South Street, Rolling Meadows, IL 60008
Property in Palatine
Sold Mar 22, 2016
$285,000
$138,600 by Baxter Cu
Mortgage Due Aug 01, 2046
Sold Jan 06, 1999
$157,000
$100,000 by Harris Trust & Svgs Bank
Mortgage Due Dec 01, 2028
2308 South Street has been categorized by the local assessors in Rolling Meadows, IL as a residential type of property. The building on the property was first built in 1954 and is 70 years old. The home has a total of 6 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. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 2308 South Street has 1,353 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 10,020 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a bungalow 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 detached 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 wood. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heating system. 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, 2308 South Street sold most recently in Feb 10, 2016 for a total of $285,000. If you work out the math, that's approximately a cost of $210.64 per sqft. Before that, the property was also sold for $157,000 in Nov 17, 1998. 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 $6,627 in taxes each year. 2308 South Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $26,277. If we break it down further, the land itself was valued at $5,511. Improvements to the property, however, were assessed at a total of $20,766. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Bungalow
  • Exterior Walls Type: Wood
  • 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: 10,020
  • Total Building Area: 1,353
  • Gross Building Area: 1,353
  • Building Area: 1,353
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,353
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ROLLING MEADOWS UNIT1
  • Land Acres: 0.23
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (ROLLING)(MEADOWS)(UNIT1) SUB OF PT NH SEC 36 & PT SH SEC 25-42-10

Ownership

  • Current Owner : SECRETARY OF HUD
  • Previous Owner : NEJDL BENJAMIN J
  • Previous Owner 2: NEJDL LORETTA M
  • Owner Before Previous Owner: SCHUETZ MARGARET D
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 803902

Geography

  • District: 29
  • Parcel: 02-36-206-017-0000
  • Lot: 187
  • Meridian: SEC 25 TWN 42N RNG 10E
  • Municipality: PALATINE
  • Latitude: 42.0795
  • Longitude: -88.0096

    Address

  • Full Address: 2308 South St
  • Legal Unit: 1
  • Address - House Number: 2308
  • Address - Street Name: South
  • Address - Suffix Type: St
  • State: IL
  • City Name: Rolling Meadows
  • Carrier Code: C027
  • 4-Digit Zip Code: 1749
  • Zip Code: 60008

Valuation

    Tax

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

    Appraisal Valuation

  • Standard Deviation: 0.265
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 320,594
  • High Value: 405,576
  • Low Value: 235,612

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $138,600
  • First Open Lien Mortgage Lender: BAXTER CU
  • First Open Lien Mortgage Recording Date: Jul 28, 2016
  • First Open Lien Mortgage Loan Amount: $138,600
  • 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, 2046

    Market Valuation

  • Market Total Value: $262,770
  • Market Land Value: $55,110
  • Market Improvement Value: $207,660

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $26,277
  • Assessed Land Value: $5,511
  • Assessed Improvements Value: $20,766

    Sales

  • Current Sale Contract Date: Feb 10, 2016
  • Current Sale Recording Date: Mar 22, 2016
  • Current Sale Transaction ID: 1500309351
  • Current Sale Price: $285,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1608244016
  • Previous Sale Recording Date: Jan 06, 1999
  • Previous Sale Contract Date: Nov 17, 1998
  • Previous Sale Amount: $157,000
  • Previous Sale Document Type: Trustee's Deed (Certificate of Title)

    Previous Mortgages

  • Previous Mortgage Lender: HARRIS TRUST & SVGS BANK
  • Previous Mortgage Transaction Date: Jan 06, 1999
  • Previous Mortgage Loan Amount: $100,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Dec 01, 2028

About Rolling Meadows



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Frequently Asked Questions

What neighborhood is 2308 South Street located in?
The 2308 South Street is a located in the neighborhood of Palatine in Rolling Meadows, Rolling Meadows.
What is the average sales price for listings in 2308 South Street?
The average sales price for units in 2308 South Street is $0 currently.

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