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354 South Newbury Place

354 South Newbury Place, Arlington Heights, IL 60005
Property in Wheeling
Sold Mar 28, 2022
$500,000
$340,000 by Greenstate Credit Union
Mortgage
Sold Oct 27, 2020
$440,000
$374,000 by First Centennial Mortgage Corp
Mortgage Due Oct 01, 2050
Local assessors in Arlington Heights, IL have categorized 354 South Newbury Place as a residential type of property. The home was built in 1953 and is 71 years old. The property's lot size has been calculated to be 6,600 square feet. The linear feet between the front and back of the lot was measured at 500 ft and the front of the lot was measured at 1,310 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a unknown. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 9 rooms in the home. Of these, 4 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 are 2 full bathrooms. 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 354 South Newbury Place has a total of 2,697 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. 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 wood were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a heating system is the primary heating source. 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 South Newbury Place sold most recently in Mar 11, 2022 for a total of $500,000. If you work out the math, that's approximately a cost of $185.39 per sqft. Before that, the property was also sold for $440,000 in Aug 7, 2020. 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 $13,183 in taxes each year. 354 South Newbury Place was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $50,000. If we break it down further, the land itself was valued at $9,900. Improvements to the property, however, were assessed at a total of $40,100. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Exterior Walls Type: Wood
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 6,600
  • Lot Size Depth Feet: 500
  • Lot Size Frontage Feet: 1,310
  • Total Building Area: 2,697
  • Gross Building Area: 2,697
  • Building Area: 2,697
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 2,697
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SCARSDALE SUB
  • Land Acres: 0.152
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (SCARSDALE) SUB OF PT OF WH OF EH & PT OF EH OF WH OF SEC 32-42-11

Ownership

  • Current Owner : PEASE JUSTIN
  • Current Owner 2: PEASE ALLISON
  • Previous Owner : TRUMPP ZACHARY WITT
  • Previous Owner 2: MONAT WOLFHILDE FREYA
  • Owner Before Previous Owner: EDRICH DON A
  • Owner Before Previous Owner 2: PENNINGTON JANET E
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 803400

Geography

  • District: 38
  • Parcel: 03-32-213-015-0000
  • Lot: 477
  • Meridian: SEC 32 TWN 42N RNG 11E
  • Municipality: WHEELING
  • Latitude: 42.0776
  • Longitude: -87.9748

    Address

  • Full Address: 354 S Newbury Pl
  • Address - House Number: 354
  • Street Direction: S
  • Address - Street Name: Newbury
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Arlington Heights
  • Carrier Code: C042
  • 4-Digit Zip Code: 2075
  • Zip Code: 60005

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $13,183
  • Tax Rate Code Area: 38023

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 578,461
  • High Value: 636,948
  • Low Value: 519,974

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $340,000
  • First Open Lien Mortgage Lender: GREENSTATE CREDIT UNION
  • First Open Lien Mortgage Recording Date: Jul 27, 2023
  • First Open Lien Mortgage Loan Amount: $340,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)

    Market Valuation

  • Market Total Value: $500,000
  • Market Land Value: $99,000
  • Market Improvement Value: $401,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $50,000
  • Assessed Land Value: $9,900
  • Assessed Improvements Value: $40,100

    Sales

  • Current Sale Contract Date: Mar 11, 2022
  • Current Sale Recording Date: Mar 28, 2022
  • Current Sale Transaction ID: 11888729781
  • Current Sale Price: $500,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2208721341
  • Previous Sale Recording Date: Oct 27, 2020
  • Previous Sale Contract Date: Aug 07, 2020
  • Previous Sale Amount: $440,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: FIRST CENTENNIAL MORTGAGE CORP
  • Previous Mortgage Transaction Date: Oct 27, 2020
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $374,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Oct 01, 2050

About Arlington Heights



Similar Buildings

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Nearby Rentals

Unit for rent at 1515 E Central Road, Arlington Heights, IL, 60005

$2,100 /mo

  • 2 Beds
  • 2 Baths
  • 1,200 ft²
1515 E Central Road #352A, Arlington Heights, IL, 60005 Listing by Donata Ostapyshyn

Frequently Asked Questions

What neighborhood is 354 South Newbury Place located in?
The 354 South Newbury Place is a located in the neighborhood of Wheeling in Arlington Heights, Arlington Heights.
What is the average sales price for listings in 354 South Newbury Place?
The average sales price for units in 354 South Newbury Place is $0 currently.

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