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404 East Diane Drive

404 East Diane Drive, Palatine, IL 60074
Property in Palatine
Sold May 05, 2021
$495,000
$414,900 by Waterman State Bank
Mortgage Due May 01, 2051
Sold Mar 10, 2005
$565,000
$359,000 by Americas Wholesale Lender
Mortgage Due Mar 01, 2035
Local assessors in Palatine, IL have categorized 404 East Diane Drive as a residential type of property. The home was built in 1989 and is 35 years old. The property's lot size has been calculated to be 14,373 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a split level style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 10 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 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 404 East Diane Drive has a total of 2,893 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. The home sources its water from a municipal system. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. There are 3 available parking spaces so it's a great situation for those with more than one car. 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 masonry 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. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 404 East Diane Drive was last sold in Apr 13, 2021 for $495,000. According to our calculations, that's $171.10 per sqft. Prior to that sales transaction, the property was sold for $565,000 in Feb 17, 2005. Current property owners are expected to pay $10,653 in taxes per year. The property on 404 East Diane Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $40,616. To break that down further, the land itself was valued at $9,343. While improvements to the property were assessed at a total of $31,273. 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. 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.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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Split level
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 14,373
  • Total Building Area: 2,893
  • Gross Building Area: 2,893
  • Building Area: 2,893
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 2,893
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: CAPRI ESTATES
  • Land Acres: 0.33
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (CAPRI) ESTATES BNG A SUB IN THE SE SEC 02-42-10

Ownership

  • Current Owner : PARIKH SAPANA
  • Current Owner 2: SMITH ALEXANDER
  • Previous Owner : WEBER JEROME
  • Previous Owner 2: WEBER BARBARA
  • Owner Before Previous Owner: SCHULZ HARRY
  • Owner Before Previous Owner 2: SCHULZ JONI
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Palatine Community Consolidated School District 15
  • Census Tract: 803608

Geography

  • District: 29
  • Parcel: 02-02-400-067-0000
  • Lot: 4
  • Meridian: SEC 02 TWN 42N RNG 10E
  • Municipality: PALATINE
  • Latitude: 42.142
  • Longitude: -88.0315

    Address

  • Full Address: 404 E Diane Dr
  • Address - House Number: 404
  • Street Direction: E
  • Address - Street Name: Diane
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Palatine
  • Carrier Code: C077
  • 4-Digit Zip Code: 1145
  • Zip Code: 60074

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $10,653
  • Tax Rate Code Area: 29007

    Appraisal Valuation

  • Standard Deviation: 0.2507
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 64
  • Final Value: 586,259
  • High Value: 733,263
  • Low Value: 439,256

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $414,900
  • First Open Lien Mortgage Lender: WATERMAN STATE BANK
  • First Open Lien Mortgage Recording Date: May 05, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $414,900
  • 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: May 01, 2051

    Market Valuation

  • Market Total Value: $406,160
  • Market Land Value: $93,430
  • Market Improvement Value: $312,730

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $40,616
  • Assessed Land Value: $9,343
  • Assessed Improvements Value: $31,273

    Sales

  • Current Sale Contract Date: Apr 13, 2021
  • Current Sale Recording Date: May 05, 2021
  • Current Sale Transaction ID: 11834376090
  • Current Sale Price: $495,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2112520146
  • Previous Sale Recording Date: Mar 10, 2005
  • Previous Sale Contract Date: Feb 17, 2005
  • Previous Sale Amount: $565,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WATERMAN STATE BANK
  • First Mortgage Transaction Date: May 05, 2021
  • First Mortgage Loan Amount: $414,900
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: AMERICAS WHOLESALE LENDER
  • Previous Mortgage Transaction Date: Mar 10, 2005
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $359,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Mar 01, 2035

About Palatine



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Frequently Asked Questions

What neighborhood is 404 East Diane Drive located in?
The 404 East Diane Drive is a located in the neighborhood of Palatine in Palatine, Palatine.
What is the average sales price for listings in 404 East Diane Drive?
The average sales price for units in 404 East Diane Drive is $0 currently.

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