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3308 Chase Lane

3308 Chase Lane, Elgin, IL 60124
Property in Elgin
Sold Dec 29, 2021
$390,000
$312,000 by Caliber Home Loans Inc
Mortgage Due Jan 01, 2052
Sold Oct 29, 2009
$236,000
Local assessors in Elgin, IL have categorized 3308 Chase Lane as a residential type of property. The home was built in 2009 and is 15 years old. The property's lot size has been calculated to be 10,454 square feet. The linear feet between the front and back of the lot was measured at 1,280 ft and the front of the lot was measured at 830 ft. 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 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 3308 Chase Lane has a total of 2,248 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. 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. Residents rely on air conditioning for their cooling 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, 3308 Chase Lane sold most recently in Dec 8, 2021 for a total of $390,000. If you work out the math, that's approximately a cost of $86.74 per sqft. Before that, the property was also sold for $236,000 in Oct 16, 2009. 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 $11,216 in taxes each year. 3308 Chase Lane was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $123,068. If we break it down further, the land itself was valued at $33,422. Improvements to the property, however, were assessed at a total of $89,646. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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: 2009
  • Effective Year Built: 2009
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Construction Type: Frame
  • Floor Count: 1
  • Basement Type: Unspecified basement
  • Basement Area: 2,248
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 10,454
  • Lot Size Depth Feet: 1,280
  • Lot Size Frontage Feet: 830
  • Total Building Area: 4,496
  • Gross Building Area: 4,496
  • Building Area: 2,248
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 2,248
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FOY PROPERTY
  • Land Acres: 0.24
  • Standard Land Use Code: Single family residential
  • Legal Description 1: FOY PROPERTY LT 94

Ownership

  • Current Owner : PAGE ADAM
  • Current Owner 2: PAGE RACHEL
  • Previous Owner : DREKSLER ERIC J
  • Previous Owner 2: ESTATE OF EDWARD E DREKSLER
  • Owner Before Previous Owner: WILLIAM RYAN HOMES
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Central Community Unit School District 301
  • Census Tract: 851904

Geography

  • Parcel: 06-07-428-012
  • Lot: 94
  • Municipality: ELGIN
  • Latitude: 42.0496
  • Longitude: -88.3622

    Address

  • Full Address: 3308 Chase Ln
  • Address - House Number: 3308
  • Address - Street Name: Chase
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Elgin
  • Carrier Code: R022
  • 4-Digit Zip Code: 7875
  • Zip Code: 60124

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $11,216
  • Tax Rate Code Area: EL019

    Appraisal Valuation

  • Standard Deviation: 0.1389
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 83
  • Final Value: 461,869
  • High Value: 526,024
  • Low Value: 397,713

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $312,000
  • First Open Lien Mortgage Lender: CALIBER HOME LOANS INC
  • First Open Lien Mortgage Recording Date: Dec 29, 2021
  • First Open Lien Mortgage Loan Amount: $312,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2052

    Market Valuation

  • Market Total Value: $369,352
  • Market Land Value: $100,306
  • Market Improvement Value: $269,046

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $123,068
  • Assessed Land Value: $33,422
  • Assessed Improvements Value: $89,646

    Sales

  • Current Sale Contract Date: Dec 08, 2021
  • Current Sale Recording Date: Dec 29, 2021
  • Current Sale Transaction ID: 11877537387
  • Current Sale Price: $390,000
  • Current Sale Document Type: Executor's Deed
  • Current Sale Input Document Number: 2021K096076
  • Previous Sale Recording Date: Oct 29, 2009
  • Previous Sale Contract Date: Oct 16, 2009
  • Previous Sale Amount: $236,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CALIBER HOME LOANS INC
  • First Mortgage Transaction Date: Dec 29, 2021
  • First Mortgage Loan Amount: $312,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2052

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Frequently Asked Questions

What neighborhood is 3308 Chase Lane located in?
The 3308 Chase Lane is a located in the neighborhood of Elgin in Elgin, Elgin.
What is the average sales price for listings in 3308 Chase Lane?
The average sales price for units in 3308 Chase Lane is $0 currently.

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