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4601 Olmstead Drive

4601 Olmstead Drive, Hoffman Estates, IL 60192
Townhouse in Palatine
Sold May 10, 2021
$244,000
$231,800 by Draper & Kramer Mortgage Corp
Mortgage Due May 01, 2051
Sold Dec 20, 2017
$225,500
4601 Olmstead Drive has been categorized by the local assessors in Hoffman Estates, IL as a residential type of property. The building on the property was first built in 1987 and is 37 years old. The home has a total of 6 rooms. 3 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, 4601 Olmstead Drive has 1,659 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 880 ft and across the front of the lot is 460 ft. The area measurement of the land has been determined as 4,247 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a modern 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 attached 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 frame 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 wood. The inside of the home is being cooled with central 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, 4601 Olmstead Drive was last sold in Apr 12, 2021 for $244,000. According to our calculations, that's $147.08 per sqft. Prior to that sales transaction, the property was sold for $225,500 in Dec 15, 2017. Current property owners are expected to pay $8,000 in taxes per year. The property on 4601 Olmstead Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $27,000. To break that down further, the land itself was valued at $5,000. While improvements to the property were assessed at a total of $22,000. 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. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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.

Building Features

Exterior

Brick Exterior
Cedar Siding
Vinyl Siding

Parking

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

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Modern
  • Exterior Walls Type: Wood
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 4,247
  • Lot Size Depth Feet: 880
  • Lot Size Frontage Feet: 460
  • Total Building Area: 1,659
  • Gross Building Area: 1,659
  • Building Area: 1,659
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,659
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: CASTLEFORD SUB UNIT1
  • Land Acres: 0.098
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: (CASTLEFORD) SUB (UNIT1) OF PTS NW SEC 19-42-10

Ownership

  • Current Owner : LOOMIS RYAN M
  • Previous Owner : SON YOUNG HO
  • Previous Owner 2: KIM MIRA
  • Owner Before Previous Owner: ROLFE MARILYN V
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Palatine Community Consolidated School District 15
  • Census Tract: 804104

Geography

  • District: 29
  • Parcel: 02-19-137-010-0000
  • Lot: 10
  • Meridian: SEC 19 TWN 42N RNG 10E
  • Municipality: PALATINE
  • Latitude: 42.107
  • Longitude: -88.1132

    Address

  • Full Address: 4601 Olmstead Dr
  • Legal Unit: 1
  • Address - House Number: 4601
  • Address - Street Name: Olmstead
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Hoffman Estates
  • Carrier Code: C027
  • 4-Digit Zip Code: 1181
  • Zip Code: 60192

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $8,000
  • Tax Rate Code Area: 29082

    Appraisal Valuation

  • Standard Deviation: 0.2353
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 336,841
  • High Value: 416,110
  • Low Value: 257,573

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $231,800
  • First Open Lien Mortgage Lender: DRAPER & KRAMER MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: May 10, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $231,800
  • 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: $270,000
  • Market Land Value: $50,000
  • Market Improvement Value: $220,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $27,000
  • Assessed Land Value: $5,000
  • Assessed Improvements Value: $22,000

    Sales

  • Current Sale Contract Date: Apr 12, 2021
  • Current Sale Recording Date: May 10, 2021
  • Current Sale Transaction ID: 11834354350
  • Current Sale Price: $244,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2113039006
  • Previous Sale Recording Date: Dec 20, 2017
  • Previous Sale Contract Date: Dec 15, 2017
  • Previous Sale Amount: $225,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: DRAPER & KRAMER MORTGAGE CORP
  • First Mortgage Transaction Date: May 10, 2021
  • First Mortgage Loan Amount: $231,800
  • 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

About Hoffman Estates



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Frequently Asked Questions

What neighborhood is 4601 Olmstead Drive located in?
The 4601 Olmstead Drive is a townhouse located in the neighborhood of Palatine in Hoffman Estates, Hoffman Estates.
What is the average sales price for listings in 4601 Olmstead Drive?
The average sales price for units in 4601 Olmstead Drive is $0 currently.

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