See Home Value
$343,203*
House - Off Market

388 Cedar Lane

Elk Grove Village, IL 60007
bedrooms
3 Beds
bathrooms
2 Baths
$216,000 - $264,000
Reference Base Price*
43.00%
Since Apr 1, 2020
National-US
Primary Model
Sold Feb 10, 2020
$234,000
$187,200 by Bank Of America Na
Mortgage Due Feb 01, 2050
Sold Jun 06, 2005
$270,000

About This Property

Great opportunity to get more house for your money and make improvements as you go!  3 bedrooms, 2 full bathrooms, with massive detached 2 car garage.  The current family room could be used as a 4th bedroom or even as a master suite with bathroom with small modifications.  Large laundry room.  Enjoy the yard from the screened three season patio!  Fantastic Elk Grove location close to schools, shopping, and O'Hare.  Elk Grove still has reasonable property taxes too!  Bring your decorating ideas and build equity as you update and improve this already solid home.  Make the wise choice!  This is a great value.  Home sold as-is.
Unit Size
-
Days on Market
-
Land Size
0.18 acres
Price per sqft
-
Property Type
House
Property Taxes
$4,072
HOA Dues
-
Year Built
1960

Price History

Date / Event Date Event Price
Mar 7, 2020 No longer available -
No longer available
Feb 10, 2020 Sold to Raul Maldonado, Yolanda Mal... $234,000
Sold to Raul Maldonado, Yolanda Mal...
Nov 14, 2019 Listed $240,000
Listed

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Bungalow
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,700
  • Total Building Area: 1,252
  • Gross Building Area: 1,252
  • Building Area: 1,252
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,252
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ELK GROVE VILLAGE SECTION6
  • Land Acres: 0.177
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (ELK)(GROVE) VILLAGE (SECTION6) SUB IN EH SEC 33-41-11

Ownership

  • Current Owner : MALDONADO RAUL
  • Current Owner 2: MALDONADO YOLANDA
  • Previous Owner : BRUNS JACK
  • Owner Before Previous Owner: MAZZA CHRISTOPHER A
  • Owner Before Previous Owner 2: CLARK CARRIE A
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 770300

Geography

  • District: 16
  • Parcel: 08-33-208-024-0000
  • Lot: 2034
  • Meridian: SEC 33 TWN 41N RNG 11E
  • Municipality: ELK GROVE
  • Latitude: 42.0049
  • Longitude: -87.9847

    Address

  • Full Address: 388 Cedar Ln
  • Address - House Number: 388
  • Address - Street Name: Cedar
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Elk Grove Village
  • Carrier Code: C006
  • 4-Digit Zip Code: 4508
  • Zip Code: 60007

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,006
  • Tax Rate Code Area: 16035

    Appraisal Valuation

  • Standard Deviation: 0.2267
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 340,911
  • High Value: 418,228
  • Low Value: 263,593

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $187,200
  • First Open Lien Mortgage Lender: BANK OF AMERICA NA
  • First Open Lien Mortgage Recording Date: Feb 10, 2020
  • First Open Lien Mortgage Financing Type: Unknown
  • First Open Lien Mortgage Loan Amount: $187,200
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2050

    Market Valuation

  • Market Total Value: $280,000
  • Market Land Value: $61,600
  • Market Improvement Value: $218,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $28,000
  • Assessed Land Value: $6,160
  • Assessed Improvements Value: $21,840

    Sales

  • Current Sale Contract Date: Dec 20, 2019
  • Current Sale Recording Date: Feb 10, 2020
  • Current Sale Transaction ID: 11724000809
  • Current Sale Price: $234,000
  • Current Sale Document Type: Executor's Deed
  • Current Sale Input Document Number: 2004108166
  • Previous Sale Recording Date: Jun 06, 2005
  • Previous Sale Contract Date: May 31, 2005
  • Previous Sale Amount: $270,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF AMERICA NA
  • First Mortgage Transaction Date: Feb 10, 2020
  • First Mortgage Loan Amount: $187,200
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2050

    Financing

  • First Mortgage Financing Type: Unknown



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Elk Grove Village


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at

$2,100 /mo

  • 2 Beds
  • 2.5 Baths
  • 1,700 ft²
Listing by Vishal Antiya


Frequently Asked Questions

When was property at 388 Cedar Lane built and last sold?
The property at 388 Cedar Lane was built in 1960 and last sold on Dec 20, 2019 for $234,000.
How much is this home worth?
The estimated value of the home located at 388 Cedar Lane is $242,400.
What are some comparable homes to 388 Cedar Lane?
There are currently no comparable homes to 388 Cedar Lane.

Quantcast