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265 Grissom Lane

265 Grissom Lane, Hoffman Estates, IL 60169
Property in Schaumburg
Sold Aug 24, 2021
$215,500
$168,000 by United Wholesale Mortgage
Mortgage Due Aug 01, 2051
Sold Jan 08, 2020
$148,500
$118,800 by United Wholesale Mortgage
Mortgage Due Jan 01, 2040
Local assessors in Hoffman Estates, IL have categorized 265 Grissom Lane as a residential type of property. The home was built in 1964 and is 60 years old. The property's lot size has been calculated to be 3,177 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a modern style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 4 rooms in the home. Of these, 2 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 is one full bathroom. There are also 2 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 265 Grissom Lane has a total of 853 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. Additional features on the property are as follows. There is a no garage for those who need a place to park their vehicle. 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 - C. The building has a roof that is made of asphalt. Lots of wood were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a heating system is the primary heating source. The property was last sold in Jul 7, 2021 for $215,500. That's $252.64 per sqft. Prior to that sales transaction, the property was also sold in Dec 17, 2019 for $148,500. 265 Grissom Lane was last assessed in 2023. The total value of the property was assessed at $19,000. Specifically, the land the property is located on was valued at $3,500. While improvements on the property were assessed at a total of $15,500. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $4,627. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Modern
  • Exterior Walls Type: Wood
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,177
  • Total Building Area: 853
  • Gross Building Area: 853
  • Building Area: 853
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 853
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TOWN & COUNTRY I
  • Land Acres: 0.073
  • Standard Land Use Code: Townhouse (residential)

Ownership

  • Current Owner : THAKKAR MONALI
  • Current Owner 2: PATEL KAMLESH
  • Previous Owner : THAKKAR RAMESHCHANDRA K
  • Previous Owner 2: THAKKAR RANJANBEN R
  • Owner Before Previous Owner: CARTER CAROL
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Schaumburg Community Consolidated School District 54
  • Census Tract: 804709

Geography

  • District: 35
  • Parcel: 07-15-105-061-0000
  • Block: 1
  • Lot: 17
  • Meridian: SEC 15 TWN 41N RNG 10E
  • Municipality: SCHAUMBURG
  • Latitude: 42.0422
  • Longitude: -88.0864

    Address

  • Full Address: 265 Grissom Ln
  • Address - House Number: 265
  • Address - Street Name: Grissom
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Hoffman Estates
  • Carrier Code: C055
  • 4-Digit Zip Code: 1848
  • Zip Code: 60169

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,627
  • Tax Rate Code Area: 35013

    Appraisal Valuation

  • Standard Deviation: 0.2183
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 70
  • Final Value: 256,507
  • High Value: 312,525
  • Low Value: 200,488

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $168,000
  • First Open Lien Mortgage Lender: UNITED WHOLESALE MORTGAGE
  • First Open Lien Mortgage Recording Date: Aug 24, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $168,000
  • 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: Aug 01, 2051

    Market Valuation

  • Market Total Value: $190,000
  • Market Land Value: $35,000
  • Market Improvement Value: $155,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $19,000
  • Assessed Land Value: $3,500
  • Assessed Improvements Value: $15,500

    Sales

  • Current Sale Contract Date: Jul 07, 2021
  • Current Sale Recording Date: Aug 24, 2021
  • Current Sale Transaction ID: 11851069556
  • Current Sale Price: $215,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2123655151
  • Previous Sale Recording Date: Jan 08, 2020
  • Previous Sale Contract Date: Dec 17, 2019
  • Previous Sale Amount: $148,500
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNITED WHOLESALE MORTGAGE
  • First Mortgage Transaction Date: Aug 24, 2021
  • First Mortgage Loan Amount: $168,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: UNITED WHOLESALE MORTGAGE
  • Previous Mortgage Transaction Date: Jan 08, 2020
  • Previous Mortgage Financing Type: Unknown
  • Previous Mortgage Loan Amount: $118,800
  • Previous Mortgage Term: 240
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jan 01, 2040

About Hoffman Estates



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Frequently Asked Questions

What neighborhood is 265 Grissom Lane located in?
The 265 Grissom Lane is a located in the neighborhood of Schaumburg in Hoffman Estates, Hoffman Estates.
What is the average sales price for listings in 265 Grissom Lane?
The average sales price for units in 265 Grissom Lane is $0 currently.

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