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508 East Carpenter Drive

508 East Carpenter Drive, Palatine, IL 60074
House in Palatine
Sold Jul 17, 2019
$440,000
$400,000 by First American Bank
Mortgage Due Oct 01, 2051
Sold Oct 05, 2015
$430,000
$300,000 by Bmo Harris Bank Na
Mortgage Due Oct 01, 2045
508 East Carpenter Drive in Palatine, IL was first built in 1968 and is 56 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a unknown. There are a total of 2 floors. There are a total of 10 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 508 East Carpenter Drive has 3,351 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. The linear feet across the front of the lot is 760 ft and the linear feet between the front and back of the lot is 1,310. In total, the area measurement of the land is 9,856 square feet.

Learn more about the property and building on this page. The roof of the home is made of asphalt. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a attached garage. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of wood. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a heating system. 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 Jul 5, 2019 for $440,000. That's $131.30 per sqft. Prior to that sales transaction, the property was also sold in Sep 14, 2015 for $430,000. 508 East Carpenter Drive was last assessed in 2023. The total value of the property was assessed at $44,679. Specifically, the land the property is located on was valued at $7,885. While improvements on the property were assessed at a total of $36,794. 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 $11,816. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! 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

Exterior

Brick Exterior
Cedar Siding

Parking

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

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • 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: 9,856
  • Lot Size Depth Feet: 1,310
  • Lot Size Frontage Feet: 760
  • Total Building Area: 3,351
  • Gross Building Area: 3,351
  • Building Area: 3,351
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 3,351
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: BANBURY LANE
  • Land Acres: 0.226
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (BANBURY) (LANE) A SUB IN SE SEC 11-42-10

Ownership

  • Current Owner : GREEN BRYAN
  • Current Owner 2: GREEN HEATHER
  • Previous Owner : COYLE KATHRINE E
  • Owner Before Previous Owner: JOHNSON BRENT
  • Owner Before Previous Owner 2: JOHNSON MICHELE
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Palatine Community Consolidated School District 15
  • Census Tract: 803605

Geography

  • District: 29
  • Parcel: 02-11-410-032-0000
  • Lot: 9
  • Meridian: SEC 11 TWN 42N RNG 10E
  • Municipality: PALATINE
  • Latitude: 42.1259
  • Longitude: -88.0312

    Address

  • Full Address: 508 E Carpenter Dr
  • Address - House Number: 508
  • Street Direction: E
  • Address - Street Name: Carpenter
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Palatine
  • Carrier Code: C110
  • 4-Digit Zip Code: 3706
  • Zip Code: 60074

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $11,816
  • Tax Rate Code Area: 29007

    Appraisal Valuation

  • Standard Deviation: 0.2225
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 69
  • Final Value: 570,792
  • High Value: 697,834
  • Low Value: 443,750

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $400,000
  • First Open Lien Mortgage Lender: FIRST AMERICAN BANK
  • First Open Lien Mortgage Recording Date: Sep 22, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $400,000
  • 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: Oct 01, 2051

    Market Valuation

  • Market Total Value: $446,790
  • Market Land Value: $78,850
  • Market Improvement Value: $367,940

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $44,679
  • Assessed Land Value: $7,885
  • Assessed Improvements Value: $36,794

    Sales

  • Current Sale Contract Date: Jul 05, 2019
  • Current Sale Recording Date: Jul 17, 2019
  • Current Sale Transaction ID: 11622259975
  • Current Sale Price: $440,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1919833205
  • Previous Sale Recording Date: Oct 05, 2015
  • Previous Sale Contract Date: Sep 14, 2015
  • Previous Sale Amount: $430,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: AMERICAN PORTFOLIO MORTGAGE CO
  • First Mortgage Transaction Date: Jul 17, 2019
  • First Mortgage Loan Amount: $352,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2049

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: BMO HARRIS BANK NA
  • Previous Mortgage Transaction Date: Oct 05, 2015
  • Previous Mortgage Loan Amount: $300,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Oct 01, 2045

About Palatine



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Frequently Asked Questions

What neighborhood is 508 East Carpenter Drive located in?
The 508 East Carpenter Drive is a house located in the neighborhood of Palatine in Palatine, Palatine.
What is the average sales price for listings in 508 East Carpenter Drive?
The average sales price for units in 508 East Carpenter Drive is $0 currently.

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