5617 Meadow Hill Lane

Local assessors in Mchenry, IL have categorized 5617 Meadow Hill Lane as a residential type of property. The home was built in 1954 and is 70 years old. The property's lot size has been calculated to be 7,841 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a a-frame style. As for the restroom situation, there is one full bathroom. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 5617 Meadow Hill Lane has a total of 1,008 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

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 garage for those who need a place to park their vehicle. The garage on the property is 440 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has a unknown so you'll have a great option in the back of the home. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Lots of a combination of material were used in the construction of the exterior walls of the home. 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, 5617 Meadow Hill Lane sold most recently in May 19, 2005 for a total of $158,000. If you work out the math, that's approximately a cost of $78.37 per sqft. Before that, the property was also sold for $115,500 in Mar 23, 2001. 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 $3,220 in taxes each year. 5617 Meadow Hill Lane was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $48,424. If we break it down further, the land itself was valued at $13,165. Improvements to the property, however, were assessed at a total of $35,259. 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. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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.