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4581 Chandan Woods Drive

4581 Chandan Woods Drive, Cherry Valley, IL 61016
Sold Nov 19, 2019
$200,000
$160,000 by Membersalliance Credit Union
Mortgage Due Dec 01, 2049
Sold May 02, 2017
$194,000
$155,200 by Fifth Third Mtg Co
Mortgage Due May 01, 2032
4581 Chandan Woods Drive has been categorized by the local assessors in Cherry Valley, IL as a residential type of property. The building on the property was first built in 2002 and is 22 years old. The home has a total of 4 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, 4581 Chandan Woods Drive has 4,996 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 1,288 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 area measurement of the land has been determined as 43,560 square feet.

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 garage for those who require parking. The garage measured 748 sqft. According to our sources, there are a total of 6 available parking spaces. Residents will have the luxury of enjoying a unknown. 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 central air conditioning at the moment. In terms of heating, it is utilizing a central heating system and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. 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, 4581 Chandan Woods Drive sold most recently in Nov 11, 2019 for a total of $200,000. If you work out the math, that's approximately a cost of $40.03 per sqft. Before that, the property was also sold for $194,000 in Apr 26, 2017. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $7,377 in taxes each year. 4581 Chandan Woods Drive was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $88,748. If we break it down further, the land itself was valued at $13,410. Improvements to the property, however, were assessed at a total of $75,338. 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. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI 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

Parking

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

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 9
  • Construction Type: Frame
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 1,288
  • Parking Type: Attached
  • Garage Type: Garage
  • Garage Square Area: 748
  • Parking Space Count: 6

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 4,996
  • Gross Building Area: 4,996
  • Building Area: 4,996
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 4,996
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PENFIELD XING 04
  • Land Acres: 1
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PENFIELD CROSSING NO 4 PT SE1/4 SEC 10-43-2 LOT 127

Ownership

  • Current Owner : FIGUEROA JOSELUIS
  • Previous Owner : FARES ALQARA
  • Previous Owner 2: FARES HALA
  • Owner Before Previous Owner: CRUZ MADRID
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Rockford School District 205
  • Census Tract: 003705

Zoning

  • Zoning: R1

Geography

  • Parcel: 16-10-404-001
  • Lot: 127
  • Meridian: SEC 10 TWN 43 RANGE 2
  • Municipality: CHERRY VALLEY
  • Latitude: 42.2162
  • Longitude: -88.9856

    Address

  • Full Address: 4581 Chandan Woods Dr
  • Address - House Number: 4581
  • Address - Street Name: Chandan Woods
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Cherry Valley
  • Carrier Code: R061
  • 4-Digit Zip Code: 9138
  • Zip Code: 61016

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,377
  • Tax Rate Code Area: 114

    Appraisal Valuation

  • Standard Deviation: 0.22
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 69
  • Final Value: 312,667
  • High Value: 381,458
  • Low Value: 243,876

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $320,000
  • First Open Lien Mortgage Lender: MEMBERSALLIANCE CREDIT UNION
  • First Open Lien Mortgage Recording Date: Nov 19, 2019
  • First Open Lien Mortgage Loan Amount: $160,000
  • 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: Dec 01, 2049
  • Second Open Lien Mortgage Lender: MEMBERSALLIANCE CREDIT UNION
  • Second Open Lien Mortgage Recording Date: Dec 23, 2019
  • Second Open Lien Mortgage Loan Amount: $160,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Dec 01, 2049

    Market Valuation

  • Market Total Value: $266,244
  • Market Land Value: $40,230
  • Market Improvement Value: $226,014

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $88,748
  • Assessed Land Value: $13,410
  • Assessed Improvements Value: $75,338

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 11, 2019
  • Current Sale Recording Date: Nov 19, 2019
  • Current Sale Transaction ID: 11755587064
  • Current Sale Price: $200,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20191038478
  • Previous Sale Recording Date: May 02, 2017
  • Previous Sale Contract Date: Apr 26, 2017
  • Previous Sale Amount: $194,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: MEMBERSALLIANCE CREDIT UNION
  • First Mortgage Transaction Date: Nov 19, 2019
  • First Mortgage Loan Amount: $160,000
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2049
  • Second Mortgage Loan Amount: $160,000

    Previous Mortgages

  • Previous Mortgage Lender: FIFTH THIRD MTG CO
  • Previous Mortgage Transaction Date: May 02, 2017
  • Previous Mortgage Loan Amount: $155,200
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: May 01, 2032

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Frequently Asked Questions

What neighborhood is 4581 Chandan Woods Drive located in?
The 4581 Chandan Woods Drive is a house located in the neighborhood of Cherry Valley in Winnebago, Cherry Valley.
What is the average sales price for listings in 4581 Chandan Woods Drive?
The average sales price for units in 4581 Chandan Woods Drive is $214,900 , or $65/sqft. currently.

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