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409 Cambridge Lane

409 Cambridge Lane, Shorewood, IL 60404
Property in Troy
Sold Jun 24, 2021
$396,000
$240,000 by First Midwest Bank
Mortgage Due Jul 01, 2051
Sold Dec 19, 2007
$308,000
$200,000 by Standard Bank & Trust Co
Mortgage Due Jan 01, 2038
409 Cambridge Lane has been categorized by the local assessors in Shorewood, IL as a residential type of property. The building on the property was first built in 1996 and is 28 years old. The home has a total of 9 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 409 Cambridge Lane has 2,865 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a full basement that is 1,450 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The linear feet between the front and back of the lot is 1,500 ft and across the front of the lot is 1,050 ft. The area measurement of the land has been determined as 15,750 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a traditional style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a mixed used garage for those who require parking. The garage measured 536 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying a patio. Love to swim? You'll be excited to find out that there is a pool on the property. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. The roof of the building is made of asphalt. The exterior walls of the building are made of alum/vinyl siding. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heating system. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a municipal system. 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, 409 Cambridge Lane was last sold in Jun 16, 2021 for $396,000. According to our calculations, that's $138.22 per sqft. Prior to that sales transaction, the property was sold for $308,000 in Dec 7, 2007. Current property owners are expected to pay $9,399 in taxes per year. The property on 409 Cambridge Lane was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $126,361. To break that down further, the land itself was valued at $19,726. While improvements to the property were assessed at a total of $106,635. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 1996
  • Effective Year Built: 1996
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Construction Type: Frame
  • Building Style: Traditional
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Basement Type: Full basement
  • Basement Area: 1,450
  • Garage Type: Mixed use
  • Garage Square Area: 536
  • Parking Space Count: 2
  • Patio Type: Patio
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 15,750
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 1,050
  • Total Building Area: 2,865
  • Building Area: 2,865
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 2,865
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: HUNT CLUB UNIT TWO
  • Land Acres: 0.36
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 58 IN THE HUNT CLUB UNIT 2, A SUB OF PRT OF THE E1/2 OF THE NE1/4 OF SEC.17, T35N-R9E.

Ownership

  • Current Owner : CARROLL THOMAS
  • Current Owner 2: CARROLL COLLEEN
  • Previous Owner : TESTA MARK J
  • Previous Owner 2: TESTA KIRSTEN L
  • Owner Before Previous Owner: KORE ARTHUR A
  • Owner Before Previous Owner 2: KORE VICTORIA I
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Troy Community Consolidated School District 30C
  • Census Tract: 883213

Geography

  • Parcel: 05-06-17-205-015
  • Lot: 58
  • Meridian: SEC 17 TWN 35N RNG 09E
  • Municipality: TROY
  • Latitude: 41.5155
  • Longitude: -88.2209

    Address

  • Full Address: 409 Cambridge Ln
  • Legal Unit: 2
  • Address - House Number: 409
  • Address - Street Name: Cambridge
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Shorewood
  • Carrier Code: R014
  • 4-Digit Zip Code: 0526
  • Zip Code: 60404

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $9,399
  • Tax Rate Code Area: 0565

    Appraisal Valuation

  • Standard Deviation: 0.1431
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 83
  • Final Value: 449,337
  • High Value: 513,648
  • Low Value: 385,026

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $240,000
  • First Open Lien Mortgage Lender: FIRST MIDWEST BANK
  • First Open Lien Mortgage Recording Date: Jun 24, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $240,000
  • 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: Jul 01, 2051

    Market Valuation

  • Market Total Value: $379,083
  • Market Land Value: $59,178
  • Market Improvement Value: $319,905

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $126,361
  • Assessed Land Value: $19,726
  • Assessed Improvements Value: $106,635

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 16, 2021
  • Current Sale Recording Date: Jun 24, 2021
  • Current Sale Transaction ID: 11840947817
  • Current Sale Price: $396,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: R2021069786
  • Previous Sale Recording Date: Dec 19, 2007
  • Previous Sale Contract Date: Dec 07, 2007
  • Previous Sale Amount: $308,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST MIDWEST BANK
  • First Mortgage Transaction Date: Jun 24, 2021
  • First Mortgage Loan Amount: $240,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: STANDARD BANK & TRUST CO
  • Previous Mortgage Transaction Date: Dec 19, 2007
  • Previous Mortgage Loan Amount: $200,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Jan 01, 2038

About Shorewood



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Frequently Asked Questions

What neighborhood is 409 Cambridge Lane located in?
The 409 Cambridge Lane is a located in the neighborhood of Troy in Shorewood, Shorewood.
What is the average sales price for listings in 409 Cambridge Lane?
The average sales price for units in 409 Cambridge Lane is $0 currently.

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