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5803 South Corona Drive

5803 South Corona Drive, Palatine, IL 60067
Property in Palatine
Sold Aug 07, 1995
$352,500
$282,000 by Prism Mtg Company
Mortgage Due Aug 01, 2025
5803 South Corona Drive has been categorized by the local assessors in Palatine, IL as a residential type of property. The building on the property was first built in 1989 and is 35 years old. The home has a total of 9 rooms. 5 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, 5803 South Corona Drive has 3,635 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 9,498 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 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. There is a single fireplace in the home. Perfect for those wintery nights. The property was last sold in Jul 31, 1995 for $352,500. That's $96.97 per sqft. 5803 South Corona Drive was last assessed in 2023. The total value of the property was assessed at $54,000. Specifically, the land the property is located on was valued at $9,973. While improvements on the property were assessed at a total of $44,027. 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 $15,373. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. 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: 1989
  • Effective Year Built: 1989
  • Building Count: 1
  • Total Rooms: 9
  • 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: 9,498
  • Total Building Area: 3,635
  • Gross Building Area: 3,635
  • Building Area: 3,635
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 3,635
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SIPKA SUB
  • Land Acres: 0.218
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (SIPKA) SUB OF THE S116.49 OF THE E250 OF LT5 OF GE ISLERS SUB OF PTS OF THE SW OF SEC 27 & THE SE OF SEC 28 & THE NE OF SE

Ownership

  • Current Owner : QIAN LI JUN
  • Current Owner 2: YUAN JIAN
  • Previous Owner : BAST WILLIAM L
  • Previous Owner 2: BAST CHERYL A
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Palatine Community Consolidated School District 15
  • Census Tract: 804000

Geography

  • District: 29
  • Parcel: 02-33-201-070-0000
  • Lot: 5
  • Meridian: SEC 34 TWN 42N RNG 10E
  • Municipality: PALATINE
  • Latitude: 42.0805
  • Longitude: -88.0632

    Address

  • Full Address: 5803 S Corona Dr
  • Address - House Number: 5803
  • Street Direction: S
  • Address - Street Name: Corona
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Rolling Meadows
  • Zip Code: 60008

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $15,373
  • Tax Rate Code Area: 29061

    Appraisal Valuation

  • Standard Deviation: 0.1817
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 76
  • Final Value: 629,258
  • High Value: 743,612
  • Low Value: 514,904

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $432,000
  • First Open Lien Mortgage Lender: PRISM MTG COMPANY
  • First Open Lien Mortgage Recording Date: Aug 07, 1995
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $282,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2025
  • Second Open Lien Mortgage Lender: FORTUNE MORTGAGE CO
  • Second Open Lien Mortgage Recording Date: Dec 12, 2003
  • Second Open Lien Mortgage Financing Type: Adjustable Rate
  • Second Open Lien Mortgage Loan Amount: $150,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Interest Rate Type: Y
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Unknown (DEFAULT)
  • Second Open Lien Mortgage Loan Due Date: Dec 01, 2033

    Market Valuation

  • Market Total Value: $540,000
  • Market Land Value: $99,730
  • Market Improvement Value: $440,270

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $54,000
  • Assessed Land Value: $9,973
  • Assessed Improvements Value: $44,027

    Sales

  • Current Sale Contract Date: Jul 31, 1995
  • Current Sale Recording Date: Aug 07, 1995
  • Current Sale Transaction ID: 1093494167
  • Current Sale Price: $352,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 95517231

    Last Sale Mortgage

  • First Mortgage Lender: PRISM MTG COMPANY
  • First Mortgage Transaction Date: Aug 07, 1995
  • First Mortgage Loan Amount: $282,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Due Date: Aug 01, 2025

    Financing

  • First Mortgage Financing Type: Variable

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Frequently Asked Questions

What neighborhood is 5803 South Corona Drive located in?
The 5803 South Corona Drive is a located in the neighborhood of Palatine in Rolling Meadows, Palatine.
What is the average sales price for listings in 5803 South Corona Drive?
The average sales price for units in 5803 South Corona Drive is $0 currently.

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