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900 Olive Street

900 Olive Street, Hoffman Estates, IL 60169
Property in Schaumburg
Sold Nov 02, 2016
$251,000
$246,453 by Home Point Financial Corp
Mortgage Due Nov 01, 2046
Sold Nov 24, 2015
Transfer
900 Olive Street in Hoffman Estates, IL was first built in 1961 and is 63 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 split level style. There are a total of 9 rooms in the home, of which, 6 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 900 Olive Street has 1,699 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. The linear feet across the front of the lot is 1,250 ft and the linear feet between the front and back of the lot is 800. In total, the area measurement of the land is 10,000 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 detached garage. There are a total of 3 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 wood. 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. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 900 Olive Street was last sold in Sep 15, 2016 for $251,000. According to our calculations, that's $147.73 per sqft. Current property owners are expected to pay $7,597 in taxes per year. The property on 900 Olive Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $29,000. To break that down further, the land itself was valued at $6,000. While improvements to the property were assessed at a total of $23,000. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 6
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Split level
  • Exterior Walls Type: Wood
  • Roof Cover Type: Asphalt
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 10,000
  • Lot Size Depth Feet: 800
  • Lot Size Frontage Feet: 1,250
  • Total Building Area: 1,699
  • Gross Building Area: 1,699
  • Building Area: 1,699
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,699
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HOFFMAN ESTATES IX
  • Land Acres: 0.23
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (HOFFMAN) ESTATES (IX) SUB OF SE NE SEC 16-41-10

Ownership

  • Current Owner : PATEL JAYANTIBHAI NARANBHAI
  • Current Owner 2: PATEL HARDIKKUMAR J
  • Previous Owner : FANNIE MAE
  • Owner Before Previous Owner: KOSTER DEBORAH A
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Schaumburg Community Consolidated School District 54
  • Census Tract: 804709

Geography

  • District: 35
  • Parcel: 07-16-205-005-0000
  • Block: 116
  • Lot: 5
  • Meridian: SEC 16 TWN 41N RNG 10E
  • Municipality: SCHAUMBURG
  • Latitude: 42.0435
  • Longitude: -88.0917

    Address

  • Full Address: 900 Olive St
  • Address - House Number: 900
  • Address - Street Name: Olive
  • Address - Suffix Type: St
  • State: IL
  • City Name: Hoffman Estates
  • Carrier Code: C026
  • 4-Digit Zip Code: 1631
  • Zip Code: 60169

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,597
  • Tax Rate Code Area: 35013

    Appraisal Valuation

  • Standard Deviation: 0.2276
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 370,589
  • High Value: 454,963
  • Low Value: 286,216

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $246,453
  • First Open Lien Mortgage Lender: HOME POINT FINANCIAL CORP
  • First Open Lien Mortgage Recording Date: Nov 02, 2016
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $246,453
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2046

    Market Valuation

  • Market Total Value: $290,000
  • Market Land Value: $60,000
  • Market Improvement Value: $230,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $29,000
  • Assessed Land Value: $6,000
  • Assessed Improvements Value: $23,000

    Sales

  • Current Sale Contract Date: Sep 15, 2016
  • Current Sale Recording Date: Nov 02, 2016
  • Current Sale Transaction ID: 1846356267
  • Current Sale Price: $251,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 1630747098
  • Previous Sale Recording Date: Nov 24, 2015
  • Previous Sale Contract Date: Nov 19, 2015
  • Previous Sale Document Type: Sheriff's Deed

    Last Sale Mortgage

  • First Mortgage Lender: HOME POINT FINANCIAL CORP
  • First Mortgage Transaction Date: Nov 02, 2016
  • First Mortgage Loan Amount: $246,453
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Nov 01, 2046

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Hoffman Estates



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Frequently Asked Questions

What neighborhood is 900 Olive Street located in?
The 900 Olive Street is a located in the neighborhood of Schaumburg in Hoffman Estates, Hoffman Estates.
What is the average sales price for listings in 900 Olive Street?
The average sales price for units in 900 Olive Street is $0 currently.

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