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303 West Cypress Street

303 West Cypress Street, Arlington Heights, IL 60005
Property in Elk Grove
Sold Oct 14, 2021
$440,000
$417,905 by Nfm Lending
Mortgage Due Nov 01, 2051
Sold Aug 10, 2016
$379,000
$229,000 by Jpmorgan Chase Bank Na
Mortgage Due Aug 01, 2031
303 West Cypress Street in Arlington Heights, IL was first built in 1962 and is 62 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 unknown. There are a total of 2 floors. There are a total of 7 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 303 West Cypress Street has 1,920 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 6,750 square feet.

Learn more about the property and building on this page. The roof of the home is made of asphalt. For those who need parking, there is a attached garage. There are a total of 3 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of A. The condition of the building has been evaluated as average. The exterior walls of the home are made of masonry. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a heating system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 303 West Cypress Street was last sold in Oct 12, 2021 for $440,000. According to our calculations, that's $229.17 per sqft. Prior to that sales transaction, the property was sold for $379,000 in Jul 19, 2016. Current property owners are expected to pay $10,830 in taxes per year. The property on 303 West Cypress Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $41,001. To break that down further, the land itself was valued at $6,413. While improvements to the property were assessed at a total of $34,588. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: A
  • Construction Type: Frame
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 6,750
  • Total Building Area: 1,920
  • Gross Building Area: 1,920
  • Building Area: 1,920
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,920
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ARLINGTON HEIGHTS GARDENS HOMESITES
  • Land Acres: 0.155
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 1 BLK 7 IN ARLINGTON HEIGHTS GA RDENS HOMESITES NE4 OF SEC09 T41N R 11E 3P

Ownership

  • Current Owner : SOBOTA CORI L
  • Current Owner 2: BUDINSKY ALEC R
  • Previous Owner : LEE JOHN R
  • Previous Owner 2: LEE JUDITH H
  • Owner Before Previous Owner: HERRMANN TRACY D
  • Owner Before Previous Owner 2: HERRMANN ROBERT C
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 805110

Geography

  • District: 16
  • Parcel: 08-09-218-013-0000
  • Block: 7
  • Lot: 1
  • Meridian: SEC 09 TWN 41N RNG 11E
  • Municipality: ELK GROVE
  • Latitude: 42.0622
  • Longitude: -87.9864

    Address

  • Full Address: 303 W Cypress St
  • Address - House Number: 303
  • Street Direction: W
  • Address - Street Name: Cypress
  • Address - Suffix Type: St
  • State: IL
  • City Name: Arlington Heights
  • Carrier Code: C033
  • 4-Digit Zip Code: 3118
  • Zip Code: 60005

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $10,830
  • Tax Rate Code Area: 16013

    Appraisal Valuation

  • Standard Deviation: 0.2254
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 513,427
  • High Value: 629,181
  • Low Value: 397,673

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $417,905
  • First Open Lien Mortgage Lender: NFM LENDING
  • First Open Lien Mortgage Recording Date: Oct 14, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $417,905
  • 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: Nov 01, 2051

    Market Valuation

  • Market Total Value: $410,010
  • Market Land Value: $64,130
  • Market Improvement Value: $345,880

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $41,001
  • Assessed Land Value: $6,413
  • Assessed Improvements Value: $34,588

    Sales

  • Current Sale Contract Date: Oct 12, 2021
  • Current Sale Recording Date: Oct 14, 2021
  • Current Sale Transaction ID: 11860068046
  • Current Sale Price: $440,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2128721736
  • Previous Sale Recording Date: Aug 10, 2016
  • Previous Sale Contract Date: Jul 19, 2016
  • Previous Sale Amount: $379,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: NFM LENDING
  • First Mortgage Transaction Date: Oct 14, 2021
  • First Mortgage Loan Amount: $417,905
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: JPMORGAN CHASE BANK NA
  • Previous Mortgage Transaction Date: Aug 10, 2016
  • Previous Mortgage Loan Amount: $229,000
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Aug 01, 2031

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Frequently Asked Questions

What neighborhood is 303 West Cypress Street located in?
The 303 West Cypress Street is a located in the neighborhood of Elk Grove in Arlington Heights, Arlington Heights.
What is the average sales price for listings in 303 West Cypress Street?
The average sales price for units in 303 West Cypress Street is $0 currently.

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