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943 North Arrowhead Drive

943 North Arrowhead Drive, Palatine, IL 60074
Property in Palatine
Sold Jun 21, 2021
$420,000
Sold Feb 01, 2021
$232,500
$325,000 by Phillin Giannino Revocable Tru
Mortgage Due Nov 09, 2021
943 North Arrowhead 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 1965 and is 59 years old. The home has a total of 7 rooms. 3 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, 943 North Arrowhead Drive has 1,885 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 9,205 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a ranch/rambler style.

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. The property was last sold in Apr 20, 2021 for $420,000. That's $222.81 per sqft. Prior to that sales transaction, the property was also sold in Nov 9, 2020 for $232,500. 943 North Arrowhead Drive was last assessed in 2023. The total value of the property was assessed at $37,000. Specifically, the land the property is located on was valued at $7,364. While improvements on the property were assessed at a total of $29,636. 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 $9,617. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • 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: 9,205
  • Total Building Area: 1,885
  • Gross Building Area: 1,885
  • Building Area: 1,885
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,885
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RESEDA SUB
  • Land Acres: 0.211
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (RESEDA) SUB IN SE SEC 11-42-10

Ownership

  • Current Owner : SMITH MARK
  • Current Owner 2: SMITH CARIN
  • Previous Owner : REDEVELOPED PROPERTIES LLC
  • Owner Before Previous Owner: NELSON TERRY A
  • Owner Before Previous Owner 2: NELSON KAREN L
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Palatine Community Consolidated School District 15
  • Census Tract: 803605

Geography

  • District: 29
  • Parcel: 02-11-404-006-0000
  • Lot: 60
  • Meridian: SEC 11 TWN 42N RNG 10E
  • Municipality: PALATINE
  • Latitude: 42.128
  • Longitude: -88.0315

    Address

  • Full Address: 943 N Arrowhead Dr
  • Address - House Number: 943
  • Street Direction: N
  • Address - Street Name: Arrowhead
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Palatine
  • Carrier Code: C024
  • 4-Digit Zip Code: 3701
  • Zip Code: 60074

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $9,617
  • Tax Rate Code Area: 29007

    Appraisal Valuation

  • Standard Deviation: 0.2238
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 69
  • Final Value: 458,383
  • High Value: 561,005
  • Low Value: 355,760

    Market Valuation

  • Market Total Value: $370,000
  • Market Land Value: $73,640
  • Market Improvement Value: $296,360

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $37,000
  • Assessed Land Value: $7,364
  • Assessed Improvements Value: $29,636

    Sales

  • Current Sale Contract Date: Apr 20, 2021
  • Current Sale Recording Date: Jun 21, 2021
  • Current Sale Transaction ID: 11840651990
  • Current Sale Price: $420,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2117255193
  • Previous Sale Recording Date: Feb 01, 2021
  • Previous Sale Contract Date: Nov 09, 2020
  • Previous Sale Amount: $232,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: KEY MORTGAGE SERVICES INC
  • First Mortgage Transaction Date: Jun 21, 2021
  • First Mortgage Loan Amount: $399,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: PHILLIN GIANNINO REVOCABLE TRU
  • Previous Mortgage Transaction Date: Feb 01, 2021
  • Previous Mortgage Loan Amount: $325,000
  • Previous Mortgage Term: 8
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Nov 09, 2021

About Palatine



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Frequently Asked Questions

What neighborhood is 943 North Arrowhead Drive located in?
The 943 North Arrowhead Drive is a located in the neighborhood of Palatine in Palatine, Palatine.
What is the average sales price for listings in 943 North Arrowhead Drive?
The average sales price for units in 943 North Arrowhead Drive is $0 currently.

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