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4960 Somerton Drive

4960 Somerton Drive, Barrington, IL 60010
House in Palatine
Sold Jun 07, 2021
$312,500
$253,357 by Amerisave Mortgage Corp
Mortgage Due Jun 01, 2051
Sold Dec 19, 2014
$252,500
$227,250 by Century Lending Co
Mortgage Due Jul 01, 2044
4960 Somerton Drive has been categorized by the local assessors in Barrington, IL as a residential type of property. The building on the property was first built in 1978 and is 46 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 are 2 partial bathrooms in the home. In addition, 4960 Somerton Drive has 1,156 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 5,046 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a split level 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. 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, 4960 Somerton Drive sold most recently in May 13, 2021 for a total of $312,500. If you work out the math, that's approximately a cost of $270.33 per sqft. Before that, the property was also sold for $252,500 in Jun 5, 2014. 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 $8,889 in taxes each year. 4960 Somerton Drive 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 $4,541. Improvements to the property, however, were assessed at a total of $25,459. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Split level
  • Exterior Walls Type: Wood
  • Roof Cover Type: Asphalt
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 5,046
  • Total Building Area: 1,156
  • Gross Building Area: 1,156
  • Building Area: 1,156
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,156
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: COLONY POINT
  • Land Acres: 0.116
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (COLONY) (POINT) A RESUB OF PT OF COUNTRY CLUB ADD TO HOWIE IN THE HILLS A SUB IN EH SW SEC 18-42-10

Ownership

  • Current Owner : RAYMOND DEREK
  • Current Owner 2: SAENGVILAY SANITA
  • Previous Owner : ALLEY KEVAN
  • Previous Owner 2: ALLEY RACHAEL
  • Owner Before Previous Owner: COUCH KRISTOPHER D
  • Owner Before Previous Owner 2: COUCH MELISSA J
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Palatine Community Consolidated School District 15
  • Census Tract: 803603

Geography

  • District: 29
  • Parcel: 02-18-311-029-0000
  • Block: 5
  • Lot: 29
  • Meridian: SEC 18 TWN 42N RNG 10E
  • Municipality: PALATINE
  • Latitude: 42.1136
  • Longitude: -88.1137

    Address

  • Full Address: 4960 Somerton Dr
  • Address - House Number: 4960
  • Address - Street Name: Somerton
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Hoffman Estates
  • Carrier Code: C022
  • 4-Digit Zip Code: 5626
  • Zip Code: 60010

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $8,889
  • Tax Rate Code Area: 29082

    Appraisal Valuation

  • Standard Deviation: 0.2319
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 375,860
  • High Value: 463,058
  • Low Value: 288,662

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $253,357
  • First Open Lien Mortgage Lender: AMERISAVE MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Jun 07, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $253,357
  • 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: Jun 01, 2051

    Market Valuation

  • Market Total Value: $300,000
  • Market Land Value: $45,410
  • Market Improvement Value: $254,590

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $30,000
  • Assessed Land Value: $4,541
  • Assessed Improvements Value: $25,459

    Sales

  • Current Sale Contract Date: May 13, 2021
  • Current Sale Recording Date: Jun 07, 2021
  • Current Sale Transaction ID: 11837725916
  • Current Sale Price: $312,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2115821400
  • Previous Sale Recording Date: Dec 19, 2014
  • Previous Sale Contract Date: Jun 05, 2014
  • Previous Sale Amount: $252,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: AMERISAVE MORTGAGE CORP
  • First Mortgage Transaction Date: Jun 07, 2021
  • First Mortgage Loan Amount: $253,357
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: CENTURY LENDING CO
  • Previous Mortgage Transaction Date: Dec 19, 2014
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $227,250
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jul 01, 2044

About Hoffman Estates



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Nearby Rentals

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Frequently Asked Questions

What neighborhood is 4960 Somerton Drive located in?
The 4960 Somerton Drive is a house located in the neighborhood of Palatine in Hoffman Estates, Barrington.
What is the average sales price for listings in 4960 Somerton Drive?
The average sales price for units in 4960 Somerton Drive is $0 currently.

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