What neighborhood is 338 Somerset Lane located in?

The 338 Somerset Lane is a condo located in the neighborhood of Vernon in Vernon Hills, Vernon Hills.

What neighborhood is 338 Somerset Lane located in?

The 338 Somerset Lane is a condo located in the neighborhood of Vernon in Vernon Hills, Vernon Hills.

What is the average sales price for listings in 338 Somerset Lane?

The average sales price for units in 338 Somerset Lane is $0 currently.

Vernon Hills

60061

Thumbnail Photo of 338 Somerset Lane, Vernon Hills, IL 60061

1 / 8

Map

338 Somerset Lane

338 Somerset Lane, Vernon Hills, IL 60061

Condo in Vernon

Sold Jul 12, 2021

$120,000

Samantaraya Arabinda Mohanty Nibedita

Buyer

Vontikommu Bhaskar

Seller

$90,000 by Chicago Mortgage Solutions Cor

Mortgage Due Jul 01, 2036

Sold Aug 30, 2012

$53,000

Vontikommu Bhaskar

Buyer

Martinez Paula

Seller

338 Somerset Lane is a condo located in Vernon, Vernon Hills. The building was first built in 1974 and is 50 years old. In total, 338 Somerset Lane has a total floor area of 864 square feet. 338 Somerset Lane has a total of 1 floors.

Interested in learning more about the building? There are many great amenities and features for residents in the building. If you drive, rest assured! The building has its own garage, which would come in super-handy for parking! On weekends, residents can enjoy the building's patio. See the full transaction history for 338 Somerset Lane below.

Unfortunately, there are currently no active listings within the building but our inventory of available units for sale is constantly updating in real time. Check back frequently for updates.

Building Features

Parking

Garage Parking

This property description is generated based on publicly available data.

Building Info

Overview

General

Year Built: 1974

Effective Year Built: 1974
Building Count: 1
Bedroom Count: 0
Bathroom Count: 1
Full Bathrooms: 1
Partial Bathrooms: 1
Building Condition: Average
Building Quality: C+
Building Style: Condo
Floor Count: 1
Living Units: 1
Basement Area: 0
Garage Type: Detached
Garage Square Area: 220
Parking Space Count: 1

Dimensions

Lot Size Square Feet: 36

Total Building Area: 864
Gross Building Area: 864
Building Area: 864
Building Area Measurement: Living Area

Heating and Cooling

Air Conditioning: Central air conditioning

Heating: unknown
Heated Square Feet: 864
Heating Fuel Type: unknown

Utilities

Sewer System: unknown

Water Service: unknown

Building

Property Class: Residential

Subdivision: PLYMOUTH FARMS
Land Acres: 0.001
Standard Land Use Code: Condominium unit (residential)
Legal Description 1: PLYMOUTH FARMS PHASE 1-A UNIT NO 901 PLYMOUTH FARMS CONDO PHASE 1 ALSO .337837PERCENT IN COMMON ELEMENTS BLOCK 9

Ownership

Current Owner : SAMANTARAYA ARABINDA

Current Owner 2: MOHANTY NIBEDITA
Previous Owner : VONTIKOMMU BHASKAR
Owner Before Previous Owner: MARTINEZ PAULA

Neighborhood

School District Name: Libertyville Community High School District 128

Census Tract: 864510

Geography

Assessors Map Reference: 2647-B5

District: VERNON
Subdivision Phase Number: 1-A
Parcel: 15-05-301-017
Block: 9
Municipality: TWP OF VERNON
Latitude: 42.2332
Longitude: -87.9753

Address

Full Address: 338 Somerset Ln

Legal Unit: 901
Address - House Number: 338
Address - Street Name: Somerset
Address - Suffix Type: Ln
State: IL
City Name: Vernon Hills
Carrier Code: C034
4-Digit Zip Code: 1926
Zip Code: 60061

Valuation

Tax

Tax Year: 2022

Tax Amount: $3,696
Tax Rate Code Area: 16028

Appraisal Valuation

Standard Deviation: 0.1597

Valuation Date: Feb 28, 2024
Confidence Score: 80
Final Value: 174,000
High Value: 201,797
Low Value: 146,204

Open Liens

Total Open Liens: 1

Total Open Liens Amount: $90,000
First Open Lien Mortgage Lender: CHICAGO MORTGAGE SOLUTIONS COR
First Open Lien Mortgage Recording Date: Jul 12, 2021
First Open Lien Mortgage Loan Amount: $90,000
First Open Lien Mortgage Term: 180
First Open Lien Mortgage Position: 1
First Open Lien Mortgage Loan Type: New Conventional
First Open Lien Mortgage Loan Due Date: Jul 01, 2036

Market Valuation

Market Total Value: $134,059

Market Land Value: $39,658
Market Improvement Value: $94,401

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $44,682
Assessed Land Value: $13,218
Assessed Improvements Value: $31,464

Sales

Current Sale Contract Date: Jun 16, 2021

Current Sale Recording Date: Jul 12, 2021
Current Sale Transaction ID: 11850350931
Current Sale Price: $120,000
Current Sale Document Type: Warranty Deed
Current Sale Input Document Number: 7806965
Previous Sale Recording Date: Aug 30, 2012
Previous Sale Contract Date: Aug 17, 2012
Previous Sale Amount: $53,000
Previous Sale Document Type: Warranty Deed

Last Sale Mortgage

First Mortgage Lender: CHICAGO MORTGAGE SOLUTIONS COR

First Mortgage Transaction Date: Jul 12, 2021
First Mortgage Loan Amount: $90,000
First Mortgage Terms: 180
First Mortgage Loan Type: New Conventional
First Mortgage Loan Due Date: Jul 01, 2036

Redact Ownership Info

About Vernon Hills

Stats & Trends

Median Asking:

$410,000

Sale Price/ft²

$207

Below Asking

0.01%

Average Days on Market

Average Home Size

1823 ft²

Average Home Age

32.4 years

Currently For Sale

9 Listings

Interested in buying or selling?
Find top real estate agents in your area now.

Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at 512 Jennifer Circle, Mundelein, IL, 60060

$2,700 /mo

3 Beds
2.5 Baths
1,510 ft²

512 Jennifer Circle, Mundelein, IL, 60060 Listing by Sadie Winter

Unit for rent at 300 Anthony Avenue, Mundelein, IL, 60060

$2,550 /mo

3 Beds
2.5 Baths
2,240 ft²

300 Anthony Avenue #300 Anthony Avenue Unit 300, Mundelein, IL, 60060 Listing by Manager