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327 Kraus Lane

327 Kraus Lane, Wheeling, IL 60090
Property in Wheeling
Sold Dec 07, 2017
$150,000
Sold Nov 23, 2004
$275,000
327 Kraus Lane in Wheeling, IL was first built in 1977 and is 47 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 ranch/rambler style. It is a single story home. There are a total of 9 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 327 Kraus Lane has 2,375 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 10,890 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 detached 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 C. The condition of the building has been evaluated as average. The exterior walls of the home are made of wood. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 327 Kraus Lane sold most recently in Nov 14, 2017 for a total of $150,000. If you work out the math, that's approximately a cost of $63.16 per sqft. Before that, the property was also sold for $275,000 in Oct 26, 2004. 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 $10,867 in taxes each year. 327 Kraus Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $34,000. If we break it down further, the land itself was valued at $2,450. Improvements to the property, however, were assessed at a total of $31,550. 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. 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. 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: 1977
  • Effective Year Built: 1977
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Wood
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 10,890
  • Total Building Area: 2,375
  • Gross Building Area: 2,375
  • Building Area: 2,375
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 2,375
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: KRAUS SUB
  • Land Acres: 0.25
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (KRAUS) SUB OF PT LTS2,5 IN RESUB GEO STRONGS FARM SE C 2 & WH SEC 1-42-11 SEC 02-42-11

Ownership

  • Current Owner : WILSON LIVING INC
  • Previous Owner : BRIGHTISH LTD
  • Owner Before Previous Owner: ABRAHAM GREGORY A
  • Owner Before Previous Owner 2: ABRAHAM BARBARA A
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 802402

Geography

  • District: 38
  • Parcel: 03-02-405-018-0000
  • Lot: 2,5
  • Meridian: SEC 01 TWN 42N RNG 11E
  • Municipality: WHEELING
  • Latitude: 42.1451
  • Longitude: -87.9077

    Address

  • Full Address: 327 Kraus Ln
  • Address - House Number: 327
  • Address - Street Name: Kraus
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Wheeling
  • Carrier Code: C018
  • 4-Digit Zip Code: 3133
  • Zip Code: 60090

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $10,867
  • Tax Rate Code Area: 38055

    Appraisal Valuation

  • Standard Deviation: 0.2526
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 64
  • Final Value: 391,571
  • High Value: 490,499
  • Low Value: 292,642

    Market Valuation

  • Market Total Value: $340,000
  • Market Land Value: $24,500
  • Market Improvement Value: $315,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $34,000
  • Assessed Land Value: $2,450
  • Assessed Improvements Value: $31,550

    Sales

  • Current Sale Contract Date: Nov 14, 2017
  • Current Sale Recording Date: Dec 07, 2017
  • Current Sale Transaction ID: 11327106880
  • Current Sale Price: $150,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1734110056
  • Previous Sale Recording Date: Nov 23, 2004
  • Previous Sale Contract Date: Oct 26, 2004
  • Previous Sale Amount: $275,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: OXFORD BANK & TRUST
  • First Mortgage Transaction Date: Dec 07, 2017
  • First Mortgage Loan Amount: $105,000
  • First Mortgage Terms: 60
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Dec 01, 2022

    Financing

  • First Mortgage Financing Type: Unknown

About Wheeling



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Frequently Asked Questions

What neighborhood is 327 Kraus Lane located in?
The 327 Kraus Lane is a located in the neighborhood of Wheeling in Wheeling, Wheeling.
What is the average sales price for listings in 327 Kraus Lane?
The average sales price for units in 327 Kraus Lane is $0 currently.

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