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480 Valley View Road

480 Valley View Road, Barrington, IL 60010
Multifamily in Cuba
Sold Nov 02, 2020
$358,500
$340,575 by The Federal Savings Bank
Mortgage Due Oct 01, 2050
Sold Jun 08, 2012
$275,000
$192,500 by Hometrust Mortgage Corp
Mortgage Due Jun 01, 2042
Local assessors in Barrington, IL have categorized 480 Valley View Road as a residential type of property. The home was built in 1979 and is 45 years old. The property's lot size has been calculated to be 1,816 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a condo style. As for the restroom situation, there are 3 full bathrooms. There are also 4 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 480 Valley View Road has a total of 2,309 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a partial basement that is 893 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

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 attached garage for those who need a place to park their vehicle. The garage on the property is 496 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Moving onto specific details regarding the building. Our sources show that the building condition is average. 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 - B. Residents rely on central air conditioning for their cooling system. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Sep 18, 2020 for $358,500. That's $111.82 per sqft. Prior to that sales transaction, the property was also sold in May 25, 2012 for $275,000. 480 Valley View Road was last assessed in 2023. The total value of the property was assessed at $120,502. Specifically, the land the property is located on was valued at $7,362. While improvements on the property were assessed at a total of $113,140. 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 $7,140. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one. 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.

Building Features

Parking

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

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: B
  • Building Style: Condo
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 893
  • Garage Type: Attached
  • Garage Square Area: 496
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 1,816
  • Total Building Area: 3,206
  • Gross Building Area: 3,206
  • Building Area: 2,309
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 2,309
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FAIRFIELD/LK BARRINGTON SHRS C
  • Land Acres: 0.42
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: UNIT 415 KNOLLWOOD IN LAKE BARRINTON SHORES CONDO 6 ALSO 1.0 972% IN COMMON ELEMENTS DOC 1959582 & 1980968,3570743,369320 2 PT E1/2 SW1/4 SECTION 11 TOWNSHIP 43 RANGE 9

Ownership

  • Current Owner : MALEK GAREY A
  • Current Owner 2: MALEK MARGARET M
  • Previous Owner : MCGOVERN B
  • Owner Before Previous Owner: HERMANCE SHERRIL
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Barrington Community Unit School District 220
  • Census Tract: 864305

Geography

  • Assessors Map Reference: 2643-D7
  • District: CUBA
  • Parcel: 13-11-300-257
  • Meridian: SEC 11 TWN 43 RNG 09
  • Municipality: TWP OF CUBA
  • Latitude: 42.217
  • Longitude: -88.153

    Address

  • Full Address: 480 Valley View Rd
  • Legal Unit: 415
  • Address - House Number: 480
  • Address - Street Name: Valley View
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Lake Barrington
  • Carrier Code: C020
  • 4-Digit Zip Code: 7317
  • Zip Code: 60010

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,140
  • Tax Rate Code Area: 14019

    Appraisal Valuation

  • Standard Deviation: 0.1657
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 79
  • Final Value: 421,886
  • High Value: 491,828
  • Low Value: 351,945

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $340,575
  • First Open Lien Mortgage Lender: THE FEDERAL SAVINGS BANK
  • First Open Lien Mortgage Recording Date: Nov 02, 2020
  • First Open Lien Mortgage Loan Amount: $340,575
  • 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: Oct 01, 2050

    Market Valuation

  • Market Total Value: $361,542
  • Market Land Value: $22,088
  • Market Improvement Value: $339,454

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $120,502
  • Assessed Land Value: $7,362
  • Assessed Improvements Value: $113,140

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 18, 2020
  • Current Sale Recording Date: Nov 02, 2020
  • Current Sale Transaction ID: 11802336172
  • Current Sale Price: $358,500
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 7711559
  • Previous Sale Recording Date: Jun 08, 2012
  • Previous Sale Contract Date: May 25, 2012
  • Previous Sale Amount: $275,000
  • Previous Sale Document Type: Intrafamily Transfer & Dissolution

    Last Sale Mortgage

  • First Mortgage Lender: THE FEDERAL SAVINGS BANK
  • First Mortgage Transaction Date: Nov 02, 2020
  • First Mortgage Loan Amount: $340,575
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: HOMETRUST MORTGAGE CORP
  • Previous Mortgage Transaction Date: Jun 08, 2012
  • Previous Mortgage Loan Amount: $192,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jun 01, 2042

About Lake Barrington



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Frequently Asked Questions

What neighborhood is 480 Valley View Road located in?
The 480 Valley View Road is a multifamily located in the neighborhood of Cuba in Lake Barrington, Barrington.
What is the average sales price for listings in 480 Valley View Road?
The average sales price for units in 480 Valley View Road is $0 currently.

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