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5 Mayfair Lane

5 Mayfair Lane, Lincolnshire, IL 60069
Sold Sep 21, 2020
$685,000
$510,400 by Premia Mortgage Llc
Mortgage Due Oct 01, 2050
Sold May 24, 1996
$484,000
$305,000 by First Home Mtg
Mortgage Due Jun 01, 2026
5 Mayfair Lane in Lincolnshire, IL was first built in 1980 and is 44 years old. This has been categorized as a residential property type. There are a total of 2 floors. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 5 Mayfair Lane has 3,568 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 19,166 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. For those who need parking, there is a attached garage. The garage is 624 sqft. There are a total of 2 available parking spaces. The quality of the control joints have been graded by the local assessor with a letter grade of B. The condition of the building has been evaluated as average. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. The property was last sold in Sep 10, 2020 for $685,000. That's $109.76 per sqft. Prior to that sales transaction, the property was also sold in May 8, 1996 for $484,000. 5 Mayfair Lane was last assessed in 2023. The total value of the property was assessed at $250,235. Specifically, the land the property is located on was valued at $71,435. While improvements on the property were assessed at a total of $178,800. 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 $20,386. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1980
  • Effective Year Built: 1980
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: B
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 2,049
  • Garage Type: Attached
  • Garage Square Area: 624
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 19,166
  • Total Building Area: 6,241
  • Gross Building Area: 6,409
  • Building Area: 3,568
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 3,568
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SHERWOOD
  • Land Acres: 0.44
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SHERWOOD LOT 9

Ownership

  • Current Owner : SHEN JIE
  • Current Owner 2: GU XIN
  • Previous Owner : SQUAGLIA RALPH E
  • Previous Owner 2: SQUAGLIA CATHY A
  • Owner Before Previous Owner: THE CHICAGO TRUST COMPANY
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Lincolnshire-Prairieview School District 103
  • Census Tract: 864522

Geography

  • Assessors Map Reference: 2702-D3
  • District: VERNON
  • Parcel: 15-13-306-017
  • Lot: 9
  • Municipality: TWP OF VERNON
  • Latitude: 42.1982
  • Longitude: -87.9045

    Address

  • Full Address: 5 Mayfair Ln
  • Address - House Number: 5
  • Address - Street Name: Mayfair
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Lincolnshire
  • Carrier Code: C005
  • 4-Digit Zip Code: 3224
  • Zip Code: 60069

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $20,386
  • Tax Rate Code Area: 16023

    Appraisal Valuation

  • Standard Deviation: 0.1515
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 81
  • Final Value: 883,516
  • High Value: 1,017,399
  • Low Value: 749,633

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $510,400
  • First Open Lien Mortgage Lender: PREMIA MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Sep 21, 2020
  • First Open Lien Mortgage Financing Type: Unknown
  • First Open Lien Mortgage Loan Amount: $510,400
  • 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: $750,780
  • Market Land Value: $214,326
  • Market Improvement Value: $536,454

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $250,235
  • Assessed Land Value: $71,435
  • Assessed Improvements Value: $178,800

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 10, 2020
  • Current Sale Recording Date: Sep 21, 2020
  • Current Sale Transaction ID: 11789577564
  • Current Sale Price: $685,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 7696641
  • Previous Sale Recording Date: May 24, 1996
  • Previous Sale Contract Date: May 08, 1996
  • Previous Sale Amount: $484,000
  • Previous Sale Document Type: Trustee's Deed (Certificate of Title)

    Last Sale Mortgage

  • First Mortgage Lender: PREMIA MORTGAGE LLC
  • First Mortgage Transaction Date: Sep 21, 2020
  • First Mortgage Loan Amount: $510,400
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2050

    Financing

  • First Mortgage Financing Type: Unknown

    Previous Mortgages

  • Previous Mortgage Lender: FIRST HOME MTG
  • Previous Mortgage Transaction Date: May 24, 1996
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $305,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Jun 01, 2026

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Listing by Manager

Frequently Asked Questions

What neighborhood is 5 Mayfair Lane located in?
The 5 Mayfair Lane is a located in the neighborhood of Lincoln Shire Square in Lincoln Shire Square, Lincolnshire.
What is the average sales price for listings in 5 Mayfair Lane?
The average sales price for units in 5 Mayfair Lane is $0 currently.

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