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24233 West Old Oak Drive

24233 West Old Oak Drive, Mundelein, IL 60060
Property in Fremont
Sold Dec 04, 2020
$359,000
$341,050 by First Centennial Mortgage Corp
Mortgage Due Oct 01, 2050
Sold May 16, 2005
$515,000
$290,000 by Washington Mutual Bank Fa
Mortgage Due May 01, 2035
Local assessors in Mundelein, IL have categorized 24233 West Old Oak Drive as a residential type of property. The home was built in 1988 and is 36 years old. The property's lot size has been calculated to be 85,334 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 11 rooms in the home. Of these, 4 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 are 3 full bathrooms. There are also 4 partial bathrooms. 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 24233 West Old Oak Drive has a total of 3,745 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 well system. As for water disposal, the home is connected to a septic system and not a municipal sewage or storm sewage system. Therefore the homeowner of this property will need to handle their own water disposal every three to five years - though the exact number may differ. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 855 sqft. There are 3 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. 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 - B. The building has a roof that is made of composition shingle. Lots of wood siding were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a forced air unit is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 24233 West Old Oak Drive sold most recently in Sep 15, 2020 for a total of $359,000. If you work out the math, that's approximately a cost of $53.15 per sqft. Before that, the property was also sold for $515,000 in Apr 20, 2005. 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 $9,315 in taxes each year. 24233 West Old Oak Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $172,032. If we break it down further, the land itself was valued at $32,845. Improvements to the property, however, were assessed at a total of $139,187. 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: 1988
  • Effective Year Built: 1988
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 14
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Frame
  • Building Style: Conventional
  • Exterior Walls Type: Wood siding
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 2,154
  • Garage Type: Attached
  • Garage Square Area: 855
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 85,334
  • Total Building Area: 6,754
  • Gross Building Area: 6,754
  • Building Area: 3,745
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 3,745
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Septic
  • Water Service: Well

Building

  • Property Class: Residential
  • Subdivision: SUMMER HILL ESTATES SUB
  • Land Acres: 1.959
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SUMMER HILL ESTATES SUB; LT16 LOT 16

Ownership

  • Current Owner : SHARMA AJAY
  • Current Owner 2: SHARMA SHALINI
  • Previous Owner : MOHAMED MICHELE LORENE
  • Previous Owner 2: IBRAHIM GEBRILL MOHAMED
  • Owner Before Previous Owner: KHAZAELI ABOLFAZI
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Mundelein Consolidated High School District 120
  • Census Tract: 864109

Geography

  • District: FREMONT
  • Parcel: 10-19-402-004
  • Lot: 16
  • Municipality: TWP OF FREMONT
  • Latitude: 42.2718
  • Longitude: -88.1069

    Address

  • Full Address: 24233 W Old Oak Dr
  • Address - House Number: 24233
  • Street Direction: W
  • Address - Street Name: Old Oak
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Mundelein
  • Carrier Code: R004
  • 4-Digit Zip Code: 9571
  • Zip Code: 60060

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $9,315
  • Tax Rate Code Area: 12010

    Appraisal Valuation

  • Standard Deviation: 0.1535
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 81
  • Final Value: 490,708
  • High Value: 566,076
  • Low Value: 415,340

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $341,050
  • First Open Lien Mortgage Lender: FIRST CENTENNIAL MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Dec 04, 2020
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $341,050
  • 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: Oct 01, 2050

    Market Valuation

  • Market Total Value: $516,148
  • Market Land Value: $98,545
  • Market Improvement Value: $417,603

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $172,032
  • Assessed Land Value: $32,845
  • Assessed Improvements Value: $139,187

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 15, 2020
  • Current Sale Recording Date: Dec 04, 2020
  • Current Sale Transaction ID: 11812331512
  • Current Sale Price: $359,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 7723353
  • Previous Sale Recording Date: May 16, 2005
  • Previous Sale Contract Date: Apr 20, 2005
  • Previous Sale Amount: $515,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST CENTENNIAL MORTGAGE CORP
  • First Mortgage Transaction Date: Dec 04, 2020
  • First Mortgage Loan Amount: $341,050
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2050

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: WASHINGTON MUTUAL BANK FA
  • Previous Mortgage Transaction Date: May 16, 2005
  • Previous Mortgage Loan Amount: $290,000
  • 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: May 01, 2035

About Lake



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Nearby Rentals

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Frequently Asked Questions

What neighborhood is 24233 West Old Oak Drive located in?
The 24233 West Old Oak Drive is a located in the neighborhood of Fremont in Lake, Mundelein.
What is the average sales price for listings in 24233 West Old Oak Drive?
The average sales price for units in 24233 West Old Oak Drive is $0 currently.

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