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24 East Orchard Lane

24 East Orchard Lane, Palatine, IL 60067
Property in Palatine
Sold Sep 03, 2021
$235,000
$235,000 by The Huntington National Bank
Mortgage Due Jul 01, 2051
Sold Feb 03, 2005
$275,000
$220,000 by Platinum Home Mortgage Corp
Mortgage Due Jan 01, 2035
24 East Orchard Lane in Palatine, IL was first built in 2000 and is 24 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 condo style. There are a total of 0 rooms in the home, of which, 2 are bedrooms. 24 East Orchard Lane has 1,968 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 99,688 square feet.

Learn more about the property and building on this page. 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, 24 East Orchard Lane sold most recently in Jun 21, 2021 for a total of $235,000. If you work out the math, that's approximately a cost of $119.41 per sqft. Before that, the property was also sold for $275,000 in Dec 30, 2004. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $5,992 in taxes each year. 24 East Orchard Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $24,342. If we break it down further, the land itself was valued at $3,209. Improvements to the property, however, were assessed at a total of $21,133. 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. 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.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: 2000
  • Effective Year Built: 2000
  • Building Count: 1
  • Bedroom Count: 2
  • Building Style: Condo
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 99,688
  • Total Building Area: 1,968
  • Gross Building Area: 1,968
  • Building Area: 1,968
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,968
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ASPEN GROVE CONDOS
  • Land Acres: 2.289
  • Standard Land Use Code: Condominium unit (residential)

Ownership

  • Current Owner : PARK JUSTIN JOONHYUK
  • Previous Owner : KO HYUNG JONG
  • Previous Owner 2: KIM EUN JU
  • Owner Before Previous Owner: COX AMY C
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Palatine Community Consolidated School District 15
  • Census Tract: 803800

Geography

  • District: 29
  • Parcel: 02-23-311-023-1015
  • Lot: 1,2
  • Meridian: SEC 23 TWN 42N RNG 10E
  • Municipality: PALATINE
  • Latitude: 42.0963
  • Longitude: -88.0428

    Address

  • Full Address: 24 E Orchard Ln
  • Address - House Number: 24
  • Street Direction: E
  • Address - Street Name: Orchard
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Palatine
  • Carrier Code: C050
  • 4-Digit Zip Code: 1406
  • Zip Code: 60067

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,992
  • Tax Rate Code Area: 29007

    Appraisal Valuation

  • Standard Deviation: 0.1917
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 74
  • Final Value: 286,747
  • High Value: 341,720
  • Low Value: 231,773

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $235,000
  • First Open Lien Mortgage Lender: THE HUNTINGTON NATIONAL BANK
  • First Open Lien Mortgage Recording Date: Sep 03, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $235,000
  • 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: Jul 01, 2051

    Market Valuation

  • Market Total Value: $243,420
  • Market Land Value: $32,090
  • Market Improvement Value: $211,330

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $24,342
  • Assessed Land Value: $3,209
  • Assessed Improvements Value: $21,133

    Sales

  • Current Sale Contract Date: Jun 21, 2021
  • Current Sale Recording Date: Sep 03, 2021
  • Current Sale Transaction ID: 11854980286
  • Current Sale Price: $235,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2124646117
  • Previous Sale Recording Date: Feb 03, 2005
  • Previous Sale Contract Date: Dec 30, 2004
  • Previous Sale Amount: $275,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: THE HUNTINGTON NATIONAL BANK
  • First Mortgage Transaction Date: Sep 03, 2021
  • First Mortgage Loan Amount: $235,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2051

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: PLATINUM HOME MORTGAGE CORP
  • Previous Mortgage Transaction Date: Feb 03, 2005
  • Previous Mortgage Loan Amount: $220,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Unknown (DEFAULT)
  • Previous Mortgage Loan Due Date: Jan 01, 2035

About Palatine



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745 W Bloomfield Court, Palatine, IL, 60067 Listing by Sheila Brunetti

Frequently Asked Questions

What neighborhood is 24 East Orchard Lane located in?
The 24 East Orchard Lane is a located in the neighborhood of Palatine in Palatine, Palatine.
What is the average sales price for listings in 24 East Orchard Lane?
The average sales price for units in 24 East Orchard Lane is $0 currently.

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