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5594 Red Oak Drive

5594 Red Oak Drive, Hoffman Estates, IL 60192
Property in Hanover
Sold Dec 27, 2006
$553,500
$348,000 by Draper & Kramer Mortgage Corp
Mortgage Due Apr 01, 2036
5594 Red Oak 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 2007 and is 17 years old. The home has a total of 8 rooms. 4 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, 5594 Red Oak Drive has 3,148 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 16,640 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a unknown.

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 3 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. 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, 5594 Red Oak Drive sold most recently in Dec 8, 2006 for a total of $553,500. If you work out the math, that's approximately a cost of $175.83 per sqft. 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 $11,381 in taxes each year. 5594 Red Oak Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $41,374. If we break it down further, the land itself was valued at $8,320. Improvements to the property, however, were assessed at a total of $33,054. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • 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
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 16,640
  • Total Building Area: 3,148
  • Gross Building Area: 3,148
  • Building Area: 3,148
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 3,148
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HUNTERS RDG 05
  • Land Acres: 0.382
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : PATEL RITESH
  • Current Owner 2: PATEL ALKA
  • Previous Owner : WHITE OAK LP
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 804403

Geography

  • District: 18
  • Parcel: 06-09-112-002-0000
  • Lot: 401
  • Municipality: HANOVER
  • Latitude: 42.0536
  • Longitude: -88.2222

    Address

  • Full Address: 5594 Red Oak Dr
  • Address - House Number: 5594
  • Address - Street Name: Red Oak
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Hoffman Estates
  • Carrier Code: C002
  • 4-Digit Zip Code: 4401
  • Zip Code: 60192

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $11,381
  • Tax Rate Code Area: 18039

    Appraisal Valuation

  • Standard Deviation: 0.2414
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 66
  • Final Value: 573,531
  • High Value: 712,010
  • Low Value: 435,051

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $348,000
  • First Open Lien Mortgage Lender: DRAPER & KRAMER MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: May 12, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $348,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2036

    Market Valuation

  • Market Total Value: $413,740
  • Market Land Value: $83,200
  • Market Improvement Value: $330,540

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $41,374
  • Assessed Land Value: $8,320
  • Assessed Improvements Value: $33,054

    Sales

  • Current Sale Contract Date: Dec 08, 2006
  • Current Sale Recording Date: Dec 27, 2006
  • Current Sale Transaction ID: 1089810970
  • Current Sale Price: $553,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 0636140019

    Last Sale Mortgage

  • First Mortgage Lender: KH FINANCIAL LP
  • First Mortgage Transaction Date: Dec 27, 2006
  • First Mortgage Loan Amount: $417,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Jan 01, 2037

About Hoffman Estates



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Frequently Asked Questions

What neighborhood is 5594 Red Oak Drive located in?
The 5594 Red Oak Drive is a located in the neighborhood of Hanover in Hoffman Estates, Hoffman Estates.
What is the average sales price for listings in 5594 Red Oak Drive?
The average sales price for units in 5594 Red Oak Drive is $0 currently.

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