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338 Drake Lane

338 Drake Lane, Des Plaines, IL 60016
Property in Maine
Sold Apr 20, 2012
$180,000
$117,000 by Polish & Slavic Fcu
Mortgage Due May 01, 2042
Sold Nov 22, 2011
Transfer
Local assessors in Des Plaines, IL have categorized 338 Drake Lane as a residential type of property. The home was built in 1958 and is 66 years old. The property's lot size has been calculated to be 7,668 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a split level style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 3 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 338 Drake Lane has a total of 1,053 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. The home sources its water from a municipal system. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. There is only one available parking space, so if you need more, you may need to find some alternatives. 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 masonry 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 Feb 6, 2012 for $180,000. That's $170.94 per sqft. 338 Drake Lane was last assessed in 2023. The total value of the property was assessed at $32,000. Specifically, the land the property is located on was valued at $6,518. While improvements on the property were assessed at a total of $25,482. 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 $7,354. The initial tax year of delinquency was in 2021. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! 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: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Split level
  • 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: 1

    Dimensions

  • Lot Size Square Feet: 7,668
  • Total Building Area: 1,053
  • Gross Building Area: 1,053
  • Building Area: 1,053
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,053
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: CUMBERLAND VILLAGE UNIT1
  • Land Acres: 0.176
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (CUMBERLAND) VILLAGE (UNIT1) SUB OF PT SW SEC 07-41-12

Ownership

  • Current Owner : JASINSKI MARIUSZ
  • Current Owner 2: OKON ANETA
  • Previous Owner : FANNIE MAE
  • Owner Before Previous Owner: PETROV GUEORGUI S
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Des Plaines Community Consolidated School District 62
  • Census Tract: 806103

Geography

  • District: 22
  • Parcel: 09-07-312-027-0000
  • Lot: 54
  • Meridian: SEC 07 TWN 41N RNG 12E
  • Municipality: MAINE
  • Latitude: 42.0583
  • Longitude: -87.9192

    Address

  • Full Address: 338 Drake Ln
  • Legal Unit: 1
  • Address - House Number: 338
  • Address - Street Name: Drake
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Des Plaines
  • Carrier Code: C022
  • 4-Digit Zip Code: 2151
  • Zip Code: 60016

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,354
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 22028

    Appraisal Valuation

  • Standard Deviation: 0.2316
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 365,016
  • High Value: 449,573
  • Low Value: 280,460

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $117,000
  • First Open Lien Mortgage Lender: POLISH & SLAVIC FCU
  • First Open Lien Mortgage Recording Date: Apr 20, 2012
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $117,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: May 01, 2042

    Market Valuation

  • Market Total Value: $320,000
  • Market Land Value: $65,180
  • Market Improvement Value: $254,820

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $32,000
  • Assessed Land Value: $6,518
  • Assessed Improvements Value: $25,482

    Sales

  • Current Sale Contract Date: Feb 06, 2012
  • Current Sale Recording Date: Apr 20, 2012
  • Current Sale Transaction ID: 1176453348
  • Current Sale Price: $180,000
  • Current Sale Document Type: Corporation Deed
  • Current Sale Input Document Number: 1211147015
  • Previous Sale Recording Date: Nov 22, 2011
  • Previous Sale Contract Date: Oct 26, 2011
  • Previous Sale Document Type: Legal Action/Court Order

    Last Sale Mortgage

  • First Mortgage Lender: POLISH & SLAVIC FCU
  • First Mortgage Transaction Date: Apr 20, 2012
  • First Mortgage Loan Amount: $117,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: May 01, 2042

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About Des Plaines



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Frequently Asked Questions

What neighborhood is 338 Drake Lane located in?
The 338 Drake Lane is a located in the neighborhood of Maine in Des Plaines, Des Plaines.
What is the average sales price for listings in 338 Drake Lane?
The average sales price for units in 338 Drake Lane is $0 currently.

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