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2974 Brookview Lane

2974 Brookview Lane, Palatine, IL 60067
Property in Palatine
Sold Jul 27, 2021
$401,000
$351,000 by Fairway Independent Mortgage C
Mortgage Due Jul 01, 2051
Sold Jul 18, 1995
$242,000
$229,900 by Illinois Mtg Associates
Mortgage Due Jul 01, 2025
2974 Brookview Lane has been categorized by the local assessors in Palatine, IL as a residential type of property. The building on the property was first built in 1955 and is 69 years old. The home has a total of 6 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 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, 2974 Brookview Lane has 1,593 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 43,168 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 attached 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 masonry. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heating system. There is a single fireplace in the home. Perfect for those wintery nights. The property was last sold in Jun 22, 2021 for $401,000. That's $251.73 per sqft. Prior to that sales transaction, the property was also sold in Jul 18, 1995 for $242,000. 2974 Brookview Lane was last assessed in 2023. The total value of the property was assessed at $39,987. Specifically, the land the property is located on was valued at $19,987. While improvements on the property were assessed at a total of $20,000. 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 $12,154. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! 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: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 43,168
  • Total Building Area: 1,593
  • Gross Building Area: 1,593
  • Building Area: 1,593
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,593
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: OLD PLUM GROVE WOOD
  • Land Acres: 0.991
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (OLD) (PLUM) GROVE (WOOD) LOT HOMESITES IN NE SEC 34-42-10

Ownership

  • Current Owner : NEL ETIENNE
  • Current Owner 2: NEL KATHERINE
  • Previous Owner : MCARTHUR GREG R
  • Previous Owner 2: MCARTHUR MARY
  • Owner Before Previous Owner: HARNACK ROBERT VICTOR
  • Owner Before Previous Owner 2: HARNACK MARTHA B
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Palatine Community Consolidated School District 15
  • Census Tract: 804000

Geography

  • District: 29
  • Parcel: 02-34-203-002-0000
  • Lot: 16
  • Meridian: SEC 34 TWN 42N RNG 10E
  • Municipality: PALATINE
  • Latitude: 42.0791
  • Longitude: -88.0518

    Address

  • Full Address: 2974 Brookview Ln
  • Address - House Number: 2974
  • Address - Street Name: Brookview
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Rolling Meadows
  • Zip Code: 60008

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $12,154
  • Tax Rate Code Area: 29061

    Appraisal Valuation

  • Standard Deviation: 0.2246
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 69
  • Final Value: 470,009
  • High Value: 575,600
  • Low Value: 364,418

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $351,000
  • First Open Lien Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Open Lien Mortgage Recording Date: Jul 27, 2021
  • First Open Lien Mortgage Loan Amount: $351,000
  • 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: $399,870
  • Market Land Value: $199,870
  • Market Improvement Value: $200,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $39,987
  • Assessed Land Value: $19,987
  • Assessed Improvements Value: $20,000

    Sales

  • Current Sale Contract Date: Jun 22, 2021
  • Current Sale Recording Date: Jul 27, 2021
  • Current Sale Transaction ID: 11845274105
  • Current Sale Price: $401,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2120816073
  • Previous Sale Recording Date: Jul 18, 1995
  • Previous Sale Contract Date: Jul 18, 1995
  • Previous Sale Amount: $242,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Mortgage Transaction Date: Jul 27, 2021
  • First Mortgage Loan Amount: $351,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: ILLINOIS MTG ASSOCIATES
  • Previous Mortgage Transaction Date: Jul 18, 1995
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $229,900
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Jul 01, 2025

About Rolling Meadows



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Frequently Asked Questions

What neighborhood is 2974 Brookview Lane located in?
The 2974 Brookview Lane is a located in the neighborhood of Palatine in Rolling Meadows, Palatine.
What is the average sales price for listings in 2974 Brookview Lane?
The average sales price for units in 2974 Brookview Lane is $0 currently.

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