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405 North Emerson Street

405 North Emerson Street, Mount Prospect, IL 60056
Property in Wheeling
Sold Aug 22, 2017
$238,000
$226,100 by Wintrust Mortgage
Mortgage Due Sep 01, 2047
Sold Dec 13, 2016
$176,000
$140,800 by Guaranteed Rate Inc
Mortgage Due Jan 01, 2047
Local assessors in Mount Prospect, IL have categorized 405 North Emerson Street as a residential type of property. The home was built in 1952 and is 72 years old. The property's lot size has been calculated to be 7,600 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a unknown style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 5 rooms in the home. Of these, 3 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 is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 405 North Emerson Street has a total of 794 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 detached 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 masonry 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 air conditioning for their cooling system. The home's a heating system is the primary heating source. The property was last sold in Aug 4, 2017 for $238,000. That's $299.75 per sqft. Prior to that sales transaction, the property was also sold in Dec 1, 2016 for $176,000. 405 North Emerson Street was last assessed in 2023. The total value of the property was assessed at $24,000. Specifically, the land the property is located on was valued at $7,600. While improvements on the property were assessed at a total of $16,400. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $5,502. 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! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Unknown
  • 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: 1

    Dimensions

  • Lot Size Square Feet: 7,600
  • Total Building Area: 794
  • Gross Building Area: 794
  • Building Area: 794
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 794
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BERRY COS CASTLE HEIGHTS
  • Land Acres: 0.175
  • Standard Land Use Code: Single family residential
  • Legal Description 1: H ROY (BERRY) COS (CASTLE) (HEIGHTS) SUB OF NH SE NW & SW NE OF SEC 34-42-11

Ownership

  • Current Owner : HILTY MICHAEL C
  • Current Owner 2: HILTY MELISSA L
  • Previous Owner : PHILLIPS DANIEL R
  • Previous Owner 2: PHILLIPS EMILIA
  • Owner Before Previous Owner: TRISTAN BERTHA
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety
  • Owner Generation Identifier: JR

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 802802

Geography

  • District: 38
  • Parcel: 03-34-209-010-0000
  • Lot: 158
  • Meridian: SEC 34 TWN 42N RNG 11E
  • Municipality: WHEELING
  • Latitude: 42.0739
  • Longitude: -87.9351

    Address

  • Full Address: 405 N Emerson St
  • Address - House Number: 405
  • Street Direction: N
  • Address - Street Name: Emerson
  • Address - Suffix Type: St
  • State: IL
  • City Name: Mount Prospect
  • Carrier Code: C074
  • 4-Digit Zip Code: 2101
  • Zip Code: 60056

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,502
  • Tax Rate Code Area: 38020

    Appraisal Valuation

  • Standard Deviation: 0.2301
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 307,801
  • High Value: 378,650
  • Low Value: 236,952

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $226,100
  • First Open Lien Mortgage Lender: WINTRUST MORTGAGE
  • First Open Lien Mortgage Recording Date: Aug 22, 2017
  • First Open Lien Mortgage Financing Type: Unknown
  • First Open Lien Mortgage Loan Amount: $226,100
  • 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: Sep 01, 2047

    Market Valuation

  • Market Total Value: $240,000
  • Market Land Value: $76,000
  • Market Improvement Value: $164,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $24,000
  • Assessed Land Value: $7,600
  • Assessed Improvements Value: $16,400

    Sales

  • Current Sale Contract Date: Aug 04, 2017
  • Current Sale Recording Date: Aug 22, 2017
  • Current Sale Transaction ID: 1732518469
  • Current Sale Price: $238,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1723449207
  • Previous Sale Recording Date: Dec 13, 2016
  • Previous Sale Contract Date: Dec 01, 2016
  • Previous Sale Amount: $176,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WINTRUST MORTGAGE
  • First Mortgage Transaction Date: Aug 22, 2017
  • First Mortgage Loan Amount: $226,100
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2047

    Financing

  • First Mortgage Financing Type: Unknown

    Previous Mortgages

  • Previous Mortgage Lender: GUARANTEED RATE INC
  • Previous Mortgage Transaction Date: Dec 13, 2016
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $140,800
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jan 01, 2047

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Frequently Asked Questions

What neighborhood is 405 North Emerson Street located in?
The 405 North Emerson Street is a located in the neighborhood of Wheeling in Mount Prospect, Mount Prospect.
What is the average sales price for listings in 405 North Emerson Street?
The average sales price for units in 405 North Emerson Street is $0 currently.

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