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7079 Orchard Lane

7079 Orchard Lane, Hanover Park, IL 60133
Property in Schaumburg
Sold Jan 29, 2018
$216,000
$172,800 by Perl Mortgage Inc
Mortgage Due Feb 01, 2033
Sold Jul 11, 1994
Transfer
$84,867 by Astor Mtg Corp Of Illinois
Mortgage Due Jul 01, 2024
7079 Orchard Lane in Hanover Park, IL was first built in 1967 and is 57 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 bungalow style. It is a single story home. There are a total of 7 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 7079 Orchard Lane has 1,577 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 8,056 square feet.

Learn more about the property and building on this page. The roof of the home is made of asphalt. 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 masonry. 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. The property was last sold in Jan 29, 2018 for $216,000. That's $136.97 per sqft. 7079 Orchard Lane was last assessed in 2023. The total value of the property was assessed at $26,000. Specifically, the land the property is located on was valued at $5,236. While improvements on the property were assessed at a total of $20,764. 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 $6,894. 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: 1967
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Bungalow
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 8,056
  • Total Building Area: 1,577
  • Gross Building Area: 1,577
  • Building Area: 1,577
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,577
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HANOVER HIGHLANDS UNIT4
  • Land Acres: 0.185
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (HANOVER) (HIGHLANDS) (UNIT4) SUB OF PT NE SEC31 & SE SEC30 NE SEC 31-41-10

Ownership

  • Current Owner : CASTRO EDUARDO
  • Current Owner 2: LIU PEIQING
  • Previous Owner : SHOEMAKER JAMES S
  • Previous Owner 2: SHOEMAKER LINDA F
  • Owner Before Previous Owner: SHOEMAKER JAMES S
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Schaumburg Community Consolidated School District 54
  • Census Tract: 804804

Geography

  • District: 35
  • Parcel: 07-31-213-010-0000
  • Block: 28
  • Lot: 10
  • Meridian: SEC 31 TWN 41N RNG 10E
  • Municipality: SCHAUMBURG
  • Latitude: 42.0008
  • Longitude: -88.1294

    Address

  • Full Address: 7079 Orchard Ln
  • Legal Unit: 4
  • Address - House Number: 7079
  • Address - Street Name: Orchard
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Hanover Park
  • Carrier Code: C004
  • 4-Digit Zip Code: 6427
  • Zip Code: 60133

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,894
  • Tax Rate Code Area: 35022

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 337,943
  • High Value: 415,118
  • Low Value: 260,767

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $172,800
  • First Open Lien Mortgage Lender: PERL MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Jan 29, 2018
  • First Open Lien Mortgage Financing Type: Unknown
  • First Open Lien Mortgage Loan Amount: $172,800
  • 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: Feb 01, 2033

    Market Valuation

  • Market Total Value: $260,000
  • Market Land Value: $52,360
  • Market Improvement Value: $207,640

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $26,000
  • Assessed Land Value: $5,236
  • Assessed Improvements Value: $20,764

    Sales

  • Current Sale Contract Date: Jan 29, 2018
  • Current Sale Recording Date: Jan 29, 2018
  • Current Sale Transaction ID: 11378399549
  • Current Sale Price: $216,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1802949269
  • Previous Sale Recording Date: Jul 11, 1994
  • Previous Sale Contract Date: Jun 20, 1994
  • Previous Sale Document Type: Quit Claim Deed

    Last Sale Mortgage

  • First Mortgage Lender: PERL MORTGAGE INC
  • First Mortgage Transaction Date: Jan 29, 2018
  • First Mortgage Loan Amount: $172,800
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2033

    Financing

  • First Mortgage Financing Type: Unknown

    Previous Mortgages

  • Previous Mortgage Lender: ASTOR MTG CORP OF ILLINOIS
  • Previous Mortgage Transaction Date: Jul 11, 1994
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $84,867
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Jul 01, 2024

About Hanover Park



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Frequently Asked Questions

What neighborhood is 7079 Orchard Lane located in?
The 7079 Orchard Lane is a located in the neighborhood of Schaumburg in Hanover Park, Hanover Park.
What is the average sales price for listings in 7079 Orchard Lane?
The average sales price for units in 7079 Orchard Lane is $0 currently.

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