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354 Cornell Avenue

354 Cornell Avenue, Des Plaines, IL 60016
Property in Maine
Sold Oct 13, 2023
$560,000
$250,000 by First Centennial Mortgage Corp
Mortgage Due Sep 01, 2038
Sold Nov 29, 2012
$285,500
$242,675 by Guaranteed Rate Inc
Mortgage Due Dec 01, 2027
354 Cornell Avenue has been categorized by the local assessors in Des Plaines, IL as a residential type of property. The building on the property was first built in 1954 and is 70 years old. The home has a total of 8 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 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, 354 Cornell Avenue has 2,104 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 7,100 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a ranch/rambler 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. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The roof of the building is made of asphalt. The exterior walls of the building are made of masonry. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a heating system. There is a single fireplace in the home. Perfect for those wintery 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, 354 Cornell Avenue sold most recently in Aug 10, 2023 for a total of $560,000. If you work out the math, that's approximately a cost of $266.16 per sqft. Before that, the property was also sold for $285,500 in Nov 5, 2012. 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 $4,983 in taxes each year. 354 Cornell Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $21,076. If we break it down further, the land itself was valued at $6,035. Improvements to the property, however, were assessed at a total of $15,041. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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.

Building Features

Exterior

Brick Exterior
Vinyl Siding
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,100
  • Total Building Area: 2,104
  • Gross Building Area: 2,104
  • Building Area: 2,104
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 2,104
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CUMBERLAND PARK
  • Land Acres: 0.163
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (CUMBERLAND)(PARK) SUB PT OF SW & PT NW SEC 07-41-12

Ownership

  • Current Owner : MANGAN JOHN T
  • Previous Owner : RIPORTELLA EDIE
  • Owner Before Previous Owner: DUFF EVELYN J

Neighborhood

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

Geography

  • District: 22
  • Parcel: 09-07-301-017-0000
  • Block: 5
  • Lot: 6
  • Meridian: SEC 07 TWN 41N RNG 12E
  • Municipality: MAINE
  • Latitude: 42.0587
  • Longitude: -87.9142

    Address

  • Full Address: 354 Cornell Ave
  • Address - House Number: 354
  • Address - Street Name: Cornell
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Des Plaines
  • Carrier Code: C022
  • 4-Digit Zip Code: 2133
  • Zip Code: 60016

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,983
  • Tax Rate Code Area: 22028

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 345,366
  • High Value: 424,227
  • Low Value: 266,505

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $250,000
  • First Open Lien Mortgage Lender: FIRST CENTENNIAL MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Oct 13, 2023
  • First Open Lien Mortgage Loan Amount: $250,000
  • 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: Sep 01, 2038

    Market Valuation

  • Market Total Value: $210,760
  • Market Land Value: $60,350
  • Market Improvement Value: $150,410

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $21,076
  • Assessed Land Value: $6,035
  • Assessed Improvements Value: $15,041

    Sales

  • Current Sale Contract Date: Aug 10, 2023
  • Current Sale Recording Date: Oct 13, 2023
  • Current Sale Transaction ID: 11914382562
  • Current Sale Price: $560,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 33004
  • Previous Sale Recording Date: Nov 29, 2012
  • Previous Sale Contract Date: Nov 05, 2012
  • Previous Sale Amount: $285,500
  • Previous Sale Document Type: Trustee's Deed (Certificate of Title)

    Last Sale Mortgage

  • First Mortgage Lender: FIRST CENTENNIAL MORTGAGE CORP
  • First Mortgage Transaction Date: Oct 13, 2023
  • First Mortgage Loan Amount: $250,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2038

    Previous Mortgages

  • Previous Mortgage Lender: GUARANTEED RATE INC
  • Previous Mortgage Transaction Date: Nov 29, 2012
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $242,675
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Dec 01, 2027

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Frequently Asked Questions

What neighborhood is 354 Cornell Avenue located in?
The 354 Cornell Avenue is a located in the neighborhood of Maine in Des Plaines, Des Plaines.
What is the average sales price for listings in 354 Cornell Avenue?
The average sales price for units in 354 Cornell Avenue is $0 currently.

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