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971 Chelsea Lane

971 Chelsea Lane, Schaumburg, IL 60193
Property in Schaumburg
Sold Jul 16, 2019
$250,000
$170,000 by Citibank Na
Mortgage Due Aug 01, 2034
Sold Dec 29, 2008
$232,000
$227,797 by 1st Advantage Mortgage Llc
Mortgage Due Jan 01, 2039
971 Chelsea Lane in Schaumburg, IL was first built in 1977 and is 47 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 modern style. There are a total of 2 floors. There are a total of 6 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 971 Chelsea Lane has 1,889 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 460 ft and the linear feet between the front and back of the lot is 780. In total, the area measurement of the land is 3,621 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 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. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 971 Chelsea Lane sold most recently in Apr 12, 2019 for a total of $250,000. If you work out the math, that's approximately a cost of $132.35 per sqft. Before that, the property was also sold for $232,000 in Dec 17, 2008. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $7,199 in taxes each year. 971 Chelsea Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $26,500. If we break it down further, the land itself was valued at $3,500. Improvements to the property, however, were assessed at a total of $23,000. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Modern
  • 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: 3,621
  • Lot Size Depth Feet: 780
  • Lot Size Frontage Feet: 460
  • Total Building Area: 1,889
  • Gross Building Area: 1,889
  • Building Area: 1,889
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,889
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WEATHERSFIELD UNIT21E TOWNHOUSE
  • Land Acres: 0.083
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: (WEATHERSFIELD) (UNIT21E) (TOWNHOUSE) SUB IN SW SEC 28-41-10

Ownership

  • Current Owner : GUO JING YOU
  • Previous Owner : MATHEW WINJOY
  • Previous Owner 2: MATHEW LEENA G
  • Owner Before Previous Owner: GEMELLI TODD A
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Schaumburg Community Consolidated School District 54
  • Census Tract: 804809

Geography

  • District: 35
  • Parcel: 07-28-314-063-0000
  • Lot: 21428
  • Meridian: SEC 28 TWN 41N RNG 10E
  • Municipality: SCHAUMBURG
  • Latitude: 42.0092
  • Longitude: -88.1042

    Address

  • Full Address: 971 Chelsea Ln
  • Legal Unit: 21E
  • Address - House Number: 971
  • Address - Street Name: Chelsea
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Schaumburg
  • Carrier Code: C024
  • 4-Digit Zip Code: 3724
  • Zip Code: 60193

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,199
  • Tax Rate Code Area: 35011

    Appraisal Valuation

  • Standard Deviation: 0.198
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 73
  • Final Value: 338,838
  • High Value: 405,936
  • Low Value: 271,740

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $170,000
  • First Open Lien Mortgage Lender: CITIBANK NA
  • First Open Lien Mortgage Recording Date: Jul 16, 2019
  • First Open Lien Mortgage Loan Amount: $170,000
  • 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: Aug 01, 2034

    Market Valuation

  • Market Total Value: $265,000
  • Market Land Value: $35,000
  • Market Improvement Value: $230,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $26,500
  • Assessed Land Value: $3,500
  • Assessed Improvements Value: $23,000

    Sales

  • Current Sale Contract Date: Apr 12, 2019
  • Current Sale Recording Date: Jul 16, 2019
  • Current Sale Transaction ID: 11622254752
  • Current Sale Price: $250,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1919755149
  • Previous Sale Recording Date: Dec 29, 2008
  • Previous Sale Contract Date: Dec 17, 2008
  • Previous Sale Amount: $232,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CITIBANK NA
  • First Mortgage Transaction Date: Jul 16, 2019
  • First Mortgage Loan Amount: $170,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2034

    Previous Mortgages

  • Previous Mortgage Lender: 1ST ADVANTAGE MORTGAGE LLC
  • Previous Mortgage Transaction Date: Dec 29, 2008
  • Previous Mortgage Loan Amount: $227,797
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Jan 01, 2039

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Frequently Asked Questions

What neighborhood is 971 Chelsea Lane located in?
The 971 Chelsea Lane is a located in the neighborhood of Schaumburg in Schaumburg, Schaumburg.
What is the average sales price for listings in 971 Chelsea Lane?
The average sales price for units in 971 Chelsea Lane is $0 currently.

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