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711 West Whiting Lane

711 West Whiting Lane, Arlington Heights, IL 60004
Property in Wheeling
Sold Dec 23, 2021
$500,000
$475,000 by Cibm Bank
Mortgage Due Jan 01, 2051
711 West Whiting Lane has been categorized by the local assessors in Arlington Heights, IL as a residential type of property. The building on the property was first built in 1985 and is 39 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, 711 West Whiting Lane has 2,476 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 8,751 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 masonry. 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 Nov 29, 2021 for $500,000. That's $201.94 per sqft. 711 West Whiting Lane was last assessed in 2023. The total value of the property was assessed at $47,000. Specifically, the land the property is located on was valued at $10,939. While improvements on the property were assessed at a total of $36,061. 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 $13,016. 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. 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

Aluminum Siding
Vinyl Siding

Parking

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

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • 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: Masonry
  • 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: 8,751
  • Total Building Area: 2,476
  • Gross Building Area: 2,476
  • Building Area: 2,476
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 2,476
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TERRAMERE OF ARLINGTON HEIGHTS UNIT6
  • Land Acres: 0.201
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (TERRAMERE) OF (ARLINGTON) HEIGHTS (UNIT6) SUB IN NH SEC 06-42-11

Ownership

  • Current Owner : COLES FLORIN N
  • Current Owner 2: BENNETT JENNIFER
  • Previous Owner : 711 WHITING PROP SERIES OF YMT PROP SERI
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 803012

Geography

  • District: 38
  • Parcel: 03-06-201-010-0000
  • Lot: 232
  • Meridian: SEC 06 TWN 42N RNG 11E
  • Municipality: WHEELING
  • Latitude: 42.1465
  • Longitude: -87.9918

    Address

  • Full Address: 711 W Whiting Ln
  • Legal Unit: 6
  • Address - House Number: 711
  • Street Direction: W
  • Address - Street Name: Whiting
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Arlington Heights
  • Carrier Code: C057
  • 4-Digit Zip Code: 7460
  • Zip Code: 60004

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $13,016
  • Tax Rate Code Area: 38016

    Appraisal Valuation

  • Standard Deviation: 0.2253
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 555,819
  • High Value: 681,088
  • Low Value: 430,550

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $475,000
  • First Open Lien Mortgage Lender: CIBM BANK
  • First Open Lien Mortgage Recording Date: Dec 23, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $475,000
  • First Open Lien Mortgage Term: 348
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2051

    Market Valuation

  • Market Total Value: $470,000
  • Market Land Value: $109,390
  • Market Improvement Value: $360,610

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $47,000
  • Assessed Land Value: $10,939
  • Assessed Improvements Value: $36,061

    Sales

  • Current Sale Contract Date: Nov 29, 2021
  • Current Sale Recording Date: Dec 23, 2021
  • Current Sale Transaction ID: 11875873200
  • Current Sale Price: $500,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2135704352

    Last Sale Mortgage

  • First Mortgage Lender: CIBM BANK
  • First Mortgage Transaction Date: Dec 23, 2021
  • First Mortgage Loan Amount: $475,000
  • First Mortgage Terms: 348
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Arlington Heights



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Frequently Asked Questions

What neighborhood is 711 West Whiting Lane located in?
The 711 West Whiting Lane is a located in the neighborhood of Wheeling in Arlington Heights, Arlington Heights.
What is the average sales price for listings in 711 West Whiting Lane?
The average sales price for units in 711 West Whiting Lane is $0 currently.

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