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518 South Mt Prospect Road

518 South Mt Prospect Road, Des Plaines, IL 60016
Property in Elk Grove
Refi Nov 13, 2019
Transfer
Owner
$155,000 by Jpmorgan Chase Bank Na
Mortgage Due Oct 01, 2039
Local assessors in Des Plaines, IL have categorized 518 South Mt Prospect Road as a residential type of property. The home was built in 1967 and is 57 years old. The property's lot size has been calculated to be 6,900 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 7 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 518 South Mt Prospect Road has a total of 2,068 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a roof that is made of asphalt. Lots of masonry were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a heating system is the primary heating source. 518 South Mt Prospect Road was last assessed in 2022. The total value of the property was assessed at $37,000. Specifically, the land the property is located on was valued at $6,210. While improvements on the property were assessed at a total of $30,790. 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 $8,135. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! 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: 3
  • 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: Finished improved basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,900
  • Total Building Area: 2,068
  • Gross Building Area: 2,068
  • Building Area: 2,068
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 2,068
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SUNNY ACRES
  • Land Acres: 0.158
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (SUNNY) (ACRES) RESUB OF PT OF LTS IN OWNERS SUB OF S EC13 SEC 13-41-11

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 804902

Geography

  • District: 16
  • Parcel: 08-13-418-012-0000
  • Lot: 16
  • Meridian: SEC 13 TWN 41N RNG 11E
  • Municipality: ELK GROVE
  • Latitude: 42.0428
  • Longitude: -87.9215

    Address

  • Full Address: 518 S Mount Prospect Rd
  • Address - House Number: 518
  • Street Direction: S
  • Address - Street Name: Mount Prospect
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Des Plaines
  • Carrier Code: C011
  • 4-Digit Zip Code: 2839
  • Zip Code: 60016

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $8,135
  • Tax Rate Code Area: 16042

    Appraisal Valuation

  • Standard Deviation: 0.2236
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 69
  • Final Value: 456,238
  • High Value: 558,270
  • Low Value: 354,206

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $155,000
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Nov 13, 2019
  • First Open Lien Mortgage Loan Amount: $155,000
  • First Open Lien Mortgage Term: 240
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2039

    Market Valuation

  • Market Total Value: $370,000
  • Market Land Value: $62,100
  • Market Improvement Value: $307,900

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $37,000
  • Assessed Land Value: $6,210
  • Assessed Improvements Value: $30,790

About Des Plaines



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Frequently Asked Questions

What neighborhood is 518 South Mt Prospect Road located in?
The 518 South Mt Prospect Road is a located in the neighborhood of Elk Grove in Des Plaines, Des Plaines.
What is the average sales price for listings in 518 South Mt Prospect Road?
The average sales price for units in 518 South Mt Prospect Road is $0 currently.

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