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389 Cottonwood Lane

389 Cottonwood Lane, Naperville, IL 60540
Property in Will - O - Way
Sold Sep 17, 2021
$485,000
$388,000 by Guaranteed Rate Inc
Mortgage Due Oct 01, 2051
Sold May 05, 2021
$195,000
Local assessors in Naperville, IL have categorized 389 Cottonwood Lane as a residential type of property. The home was built in 1973 and is 51 years old. The property's lot size has been calculated to be 10,454 square feet. The linear feet between the front and back of the lot was measured at 110 ft and the front of the lot was measured at 103 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a split level style. As for the restroom situation, there are 2 full bathrooms. There are also 3 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 389 Cottonwood Lane has a total of 2,175 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 garage for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. 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 brick control joints. Lots of brick 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 central heating system is the primary heating source. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 389 Cottonwood Lane was last sold in Sep 16, 2021 for $485,000. According to our calculations, that's $175.15 per sqft. Prior to that sales transaction, the property was sold for $195,000 in Apr 28, 2021. Current property owners are expected to pay $8,449 in taxes per year. The property on 389 Cottonwood Lane was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $136,770. To break that down further, the land itself was valued at $48,470. While improvements to the property were assessed at a total of $88,300. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Exterior

Brick Exterior
Cedar Siding
Stone Exterior

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Construction Type: Brick
  • Building Style: Split level
  • Exterior Walls Type: Brick
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 594
  • Garage Type: Garage
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 10,454
  • Lot Size Depth Feet: 110
  • Lot Size Frontage Feet: 103
  • Total Building Area: 2,769
  • Gross Building Area: 2,769
  • Building Area: 2,175
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,175
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WILL-O-WAY PARK
  • Land Acres: 0.24
  • Standard Land Use Code: Single family residential
  • Legal Description 1: WILL-O-WAY PARK UNIT #3

Ownership

  • Current Owner : REED MATTHEW
  • Current Owner 2: REED ALLISON
  • Previous Owner : A2 DEVELOPMENT GROUP LLC
  • Owner Before Previous Owner: HALLER FREDA K
  • Ownership Rights Codes: Trustee/Conservator
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Naperville Community Unit District 203
  • School Tax School District: DISTRICT 203
  • Census Tract: 846519

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: 3141-A6
  • Parcel: 07-23-107-004
  • Lot: 211
  • Municipality: NAPERVILLE
  • Latitude: 41.7684
  • Longitude: -88.1771

    Address

  • Full Address: 389 Cottonwood Ln
  • Legal Unit: 3
  • Address - House Number: 389
  • Address - Street Name: Cottonwood
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Naperville
  • Carrier Code: C072
  • 4-Digit Zip Code: 5046
  • Zip Code: 60540

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $8,449
  • Tax Rate Code Area: 7025

    Appraisal Valuation

  • Standard Deviation: 0.1712
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 78
  • Final Value: 553,615
  • High Value: 648,401
  • Low Value: 458,829

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $388,000
  • First Open Lien Mortgage Lender: GUARANTEED RATE INC
  • First Open Lien Mortgage Recording Date: Sep 17, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $388,000
  • 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: Oct 01, 2051

    Market Valuation

  • Market Total Value: $410,310
  • Market Land Value: $145,410
  • Market Improvement Value: $264,900

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $136,770
  • Assessed Land Value: $48,470
  • Assessed Improvements Value: $88,300

    Sales

  • Current Sale Contract Date: Sep 16, 2021
  • Current Sale Recording Date: Sep 17, 2021
  • Current Sale Transaction ID: 11857025006
  • Current Sale Price: $485,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: R2021-139068
  • Previous Sale Recording Date: May 05, 2021
  • Previous Sale Contract Date: Apr 28, 2021
  • Previous Sale Amount: $195,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: Sep 17, 2021
  • First Mortgage Loan Amount: $388,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Will - O - Way



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Frequently Asked Questions

What neighborhood is 389 Cottonwood Lane located in?
The 389 Cottonwood Lane is a located in the neighborhood of Will - O - Way in Will - O - Way, Naperville.
What is the average sales price for listings in 389 Cottonwood Lane?
The average sales price for units in 389 Cottonwood Lane is $0 currently.

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