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313 Locust Drive

313 Locust Drive, Lake In The Hills, IL 60156
Sold Jul 19, 2018
$208,500
$191,200 by First Centennial Mortgage Corp
Mortgage Due Sep 01, 2051
Sold Feb 29, 2016
$125,000
$122,735 by First Centennial Mortgage Corp
Mortgage Due Mar 01, 2046
313 Locust Drive has been categorized by the local assessors in Lake In The Hills, IL as a residential type of property. The building on the property was first built in 1972 and is 52 years old. The home has a total of 7 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 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, 313 Locust Drive has 1,568 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a finished improved basement that is 1,040 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 13,761 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a raised ranch 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. Residents will have the luxury of enjoying a unknown. The exterior walls of the building are made of alum/vinyl siding. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. 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, 313 Locust Drive sold most recently in Jul 5, 2018 for a total of $208,500. If you work out the math, that's approximately a cost of $98.63 per sqft. Before that, the property was also sold for $125,000 in Feb 1, 2016. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $5,338 in taxes each year. 313 Locust Drive was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $66,938. If we break it down further, the land itself was valued at $10,544. Improvements to the property, however, were assessed at a total of $56,394. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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: 1972
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Style: Raised Ranch
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 1,040
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 13,761
  • Total Building Area: 2,114
  • Building Area: 1,568
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,568
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: LAKE IN THE HILLS ESTATES
  • Land Acres: 0.316
  • Standard Land Use Code: Residential (general) (single)
  • Legal Description 1: DOC 2021R0048381 LT 4 BLK 7 LAKE IN THE HILLS ESTATES UNIT 1

Ownership

  • Current Owner : SORIANO GABRIEL HERNANDEZ
  • Current Owner 2: ROJAS ELIAS
  • Previous Owner : RAMOS BERNARDO
  • Owner Before Previous Owner: SECRETARY OF HOUSING & URBAN DEVELOPMENT
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Community Unit School District 300
  • Census Tract: 871205

Geography

  • Parcel: 19-20-383-004
  • Block: 7
  • Lot: 4
  • Municipality: ALGONQUIN TWP
  • Latitude: 42.1831
  • Longitude: -88.3268

    Address

  • Full Address: 313 Locust St
  • Legal Unit: 1
  • Address - House Number: 313
  • Address - Street Name: Locust
  • Address - Suffix Type: St
  • State: IL
  • City Name: Lake In The Hills
  • Carrier Code: R001
  • 4-Digit Zip Code: 1201
  • Zip Code: 60156

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,338
  • Tax Rate Code Area: 19003

    Appraisal Valuation

  • Standard Deviation: 0.1665
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 78
  • Final Value: 288,306
  • High Value: 336,331
  • Low Value: 240,280

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $191,200
  • First Open Lien Mortgage Lender: FIRST CENTENNIAL MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Sep 02, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $191,200
  • 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: Sep 01, 2051

    Market Valuation

  • Market Total Value: $200,814
  • Market Land Value: $31,632
  • Market Improvement Value: $169,182

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $66,938
  • Assessed Land Value: $10,544
  • Assessed Improvements Value: $56,394

    Sales

  • Current Sale Contract Date: Jul 05, 2018
  • Current Sale Recording Date: Jul 19, 2018
  • Current Sale Transaction ID: 11483800372
  • Current Sale Price: $208,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2018R0024139
  • Previous Sale Recording Date: Feb 29, 2016
  • Previous Sale Contract Date: Feb 01, 2016
  • Previous Sale Amount: $125,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST CENTENNIAL MORTGAGE CORP
  • First Mortgage Transaction Date: Jul 19, 2018
  • First Mortgage Loan Amount: $198,075
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2048

    Previous Mortgages

  • Previous Mortgage Lender: FIRST CENTENNIAL MORTGAGE CORP
  • Previous Mortgage Transaction Date: Feb 29, 2016
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $122,735
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Mar 01, 2046

About Lake In The Hills Estates



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Nearby Rentals

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Frequently Asked Questions

What neighborhood is 313 Locust Drive located in?
The 313 Locust Drive is a located in the neighborhood of Lake In The Hills Estates in Lake In The Hills Estates, Lake In The Hills.
What is the average sales price for listings in 313 Locust Drive?
The average sales price for units in 313 Locust Drive is $0 currently.

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