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441 South Waterman Avenue

441 South Waterman Avenue, Arlington Heights, IL 60004
Property in Wheeling
Sold Apr 23, 2021
$300,000
$270,000 by Wintrust Mortgage
Mortgage Due May 01, 2051
Sold May 04, 2016
$302,000
$296,530 by Wells Fargo Bank Na
Mortgage Due May 01, 2046
441 South Waterman Avenue has been categorized by the local assessors in Arlington Heights, IL as a residential type of property. The building on the property was first built in 1958 and is 66 years old. The home has a total of 5 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 441 South Waterman Avenue has 1,068 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,320 ft and across the front of the lot is 670 ft. The area measurement of the land has been determined as 8,844 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a bungalow 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 detached garage for those who require parking. According to our sources, there are a total of 2 available parking spaces. Moving on to the building itself. The condition of the building has been evaluated as average. 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 masonry control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The roof of the building is made of asphalt. The exterior walls of the building are made of masonry. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heating system. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 441 South Waterman Avenue sold most recently in Apr 2, 2021 for a total of $300,000. If you work out the math, that's approximately a cost of $280.90 per sqft. Before that, the property was also sold for $302,000 in Apr 27, 2016. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $7,008 in taxes each year. 441 South Waterman Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $30,000. If we break it down further, the land itself was valued at $8,844. Improvements to the property, however, were assessed at a total of $21,156. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. 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.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Brick Exterior
Vinyl Siding

Parking

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

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • 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: 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: 8,844
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 670
  • Total Building Area: 1,068
  • Gross Building Area: 1,068
  • Building Area: 1,068
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,068
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: STOLTZNERS GREENVIEW ESTATES FIRST
  • Land Acres: 0.203
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (STOLTZNERS) (GREENVIEW) ESTATES (FIRST) ADD SUB OF P T OF W 1/8 OF NE SEC 33-42-11

Ownership

  • Current Owner : SWANSON MICHAEL E
  • Previous Owner : DARCY MARK G
  • Previous Owner 2: AMOLD DARCY ALICIA
  • Owner Before Previous Owner: COYLE GREGORY
  • Owner Before Previous Owner 2: DAVIES MICHELLE W
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 802801

Geography

  • District: 38
  • Parcel: 03-33-209-009-0000
  • Lot: 27
  • Meridian: SEC 33 TWN 42N RNG 11E
  • Municipality: WHEELING
  • Latitude: 42.0755
  • Longitude: -87.956

    Address

  • Full Address: 441 S Waterman Ave
  • Address - House Number: 441
  • Street Direction: S
  • Address - Street Name: Waterman
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Arlington Heights
  • Carrier Code: C034
  • 4-Digit Zip Code: 6926
  • Zip Code: 60004

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,008
  • Tax Rate Code Area: 38023

    Appraisal Valuation

  • Standard Deviation: 0.2301
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 363,622
  • High Value: 447,305
  • Low Value: 279,939

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $270,000
  • First Open Lien Mortgage Lender: WINTRUST MORTGAGE
  • First Open Lien Mortgage Recording Date: Apr 23, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $270,000
  • 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: May 01, 2051

    Market Valuation

  • Market Total Value: $300,000
  • Market Land Value: $88,440
  • Market Improvement Value: $211,560

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $30,000
  • Assessed Land Value: $8,844
  • Assessed Improvements Value: $21,156

    Sales

  • Current Sale Contract Date: Apr 02, 2021
  • Current Sale Recording Date: Apr 23, 2021
  • Current Sale Transaction ID: 11832248445
  • Current Sale Price: $300,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2111301456
  • Previous Sale Recording Date: May 04, 2016
  • Previous Sale Contract Date: Apr 27, 2016
  • Previous Sale Amount: $302,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WINTRUST MORTGAGE
  • First Mortgage Transaction Date: Apr 23, 2021
  • First Mortgage Loan Amount: $270,000
  • 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: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: May 04, 2016
  • Previous Mortgage Loan Amount: $296,530
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: May 01, 2046

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Frequently Asked Questions

What neighborhood is 441 South Waterman Avenue located in?
The 441 South Waterman Avenue is a located in the neighborhood of Wheeling in Arlington Heights, Arlington Heights.
What is the average sales price for listings in 441 South Waterman Avenue?
The average sales price for units in 441 South Waterman Avenue is $0 currently.

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