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420 Arborgate Lane

420 Arborgate Lane, Buffalo Grove, IL 60089
Sold Jul 13, 2020
$320,000
$200,000 by Hometrust Mortgage Corp
Mortgage Due Aug 01, 2050
Sold Jul 12, 2013
$341,500
$141,500 by Guaranteed Rate Inc
Mortgage Due Aug 01, 2043
420 Arborgate Lane has been categorized by the local assessors in Buffalo Grove, IL as a residential type of property. The building on the property was first built in 1970 and is 54 years old. However, we must point out that the home was most recently renovated and altered in 1971. 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, 420 Arborgate Lane has 2,557 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 10,276 square feet.

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. The garage measured 500 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying a unknown. Moving on to the building itself. The condition of the building has been evaluated as average. 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 inside of the home is being cooled with central air conditioning at the moment. There is a single fireplace in the home. Perfect for those wintery nights. 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, 420 Arborgate Lane sold most recently in Jun 29, 2020 for a total of $320,000. If you work out the math, that's approximately a cost of $104.68 per sqft. Before that, the property was also sold for $341,500 in Jul 3, 2013. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $13,899 in taxes each year. 420 Arborgate Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $152,426. If we break it down further, the land itself was valued at $35,064. Improvements to the property, however, were assessed at a total of $117,362. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 1970
  • Effective Year Built: 1971
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C+
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 500
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 10,276
  • Total Building Area: 3,057
  • Gross Building Area: 3,057
  • Building Area: 2,557
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 2,557
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: STRATHMORE IN BUFFALO GROVE UNIT 4
  • Land Acres: 0.236
  • Standard Land Use Code: Single family residential
  • Legal Description 1: STRATHMORE IN BUFFALO GROVE UNIT 4 LOT 8 BLOCK 2

Ownership

  • Current Owner : HOLLIS DREW
  • Current Owner 2: HOLLIS JESSSCIA
  • Previous Owner : DONG QINGTAO
  • Previous Owner 2: ZHANG XIAOMENG
  • Owner Before Previous Owner: SEARS STEVEN L
  • Owner Before Previous Owner 2: SEARS JUDITH B
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Kildeer Countryside Community Consolidated School District 96
  • Census Tract: 864516

Geography

  • Assessors Map Reference: 2754-A1
  • District: VERNON
  • Parcel: 15-32-110-013
  • Block: 2
  • Lot: 8
  • Municipality: TWP OF VERNON
  • Latitude: 42.1617
  • Longitude: -87.9819

    Address

  • Full Address: 420 Arbor Gate Ln
  • Legal Unit: 4
  • Address - House Number: 420
  • Address - Street Name: Arbor Gate
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Buffalo Grove
  • Carrier Code: C055
  • 4-Digit Zip Code: 1604
  • Zip Code: 60089

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $13,899
  • Tax Rate Code Area: 16094

    Appraisal Valuation

  • Standard Deviation: 0.1597
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 80
  • Final Value: 552,586
  • High Value: 640,862
  • Low Value: 464,310

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $200,000
  • First Open Lien Mortgage Lender: HOMETRUST MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Jul 13, 2020
  • First Open Lien Mortgage Loan Amount: $200,000
  • 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: Aug 01, 2050

    Market Valuation

  • Market Total Value: $457,324
  • Market Land Value: $105,203
  • Market Improvement Value: $352,121

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $152,426
  • Assessed Land Value: $35,064
  • Assessed Improvements Value: $117,362

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 29, 2020
  • Current Sale Recording Date: Jul 13, 2020
  • Current Sale Transaction ID: 11772956576
  • Current Sale Price: $320,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 7672887
  • Previous Sale Recording Date: Jul 12, 2013
  • Previous Sale Contract Date: Jul 03, 2013
  • Previous Sale Amount: $341,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: HOMETRUST MORTGAGE CORP
  • First Mortgage Transaction Date: Jul 13, 2020
  • First Mortgage Loan Amount: $200,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: GUARANTEED RATE INC
  • Previous Mortgage Transaction Date: Jul 12, 2013
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $141,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Aug 01, 2043

About Buffalo Grove



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at

$1,900 /mo

  • 1 Bed
  • 1 Bath

Frequently Asked Questions

What neighborhood is 420 Arborgate Lane located in?
The 420 Arborgate Lane is a located in the neighborhood of Strathmore in Buffalo Grove in Buffalo Grove, Buffalo Grove.
What is the average sales price for listings in 420 Arborgate Lane?
The average sales price for units in 420 Arborgate Lane is $0 currently.

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