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1280 Mayfield Lane

1280 Mayfield Lane, Hoffman Estates, IL 60169
Property in Schaumburg
Sold Aug 26, 1998
$204,000
$143,500 by Woodfield Planning Corp
Mortgage Due Sep 01, 2028
Sold Dec 10, 1997
$180,000
$171,000 by Liberty Bank For Svgs
Mortgage Due Jan 01, 2013
Local assessors in Hoffman Estates, IL have categorized 1280 Mayfield Lane as a residential type of property. The home was built in 1968 and is 56 years old. The property's lot size has been calculated to be 8,856 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a bungalow style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 9 rooms in the home. Of these, 5 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 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 1280 Mayfield Lane has a total of 1,479 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 wood were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 1280 Mayfield Lane sold most recently in Aug 17, 1998 for a total of $204,000. If you work out the math, that's approximately a cost of $137.93 per sqft. Before that, the property was also sold for $180,000 in Dec 8, 1997. 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 $9,082 in taxes each year. 1280 Mayfield Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $34,000. If we break it down further, the land itself was valued at $6,642. Improvements to the property, however, were assessed at a total of $27,358. 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. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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: 1968
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Bungalow
  • Exterior Walls Type: Wood
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 8,856
  • Total Building Area: 1,479
  • Gross Building Area: 1,479
  • Building Area: 1,479
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,479
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HIGHLANDS WEST AT HOFFMAN ESTATES XXIV
  • Land Acres: 0.203
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (HIGHLANDS) (WEST) AT (HOFFMAN) ESTATES (XXIV) SUB OF PT EH SEC 05-41-10

Ownership

  • Current Owner : ROSA BERNADETTE
  • Current Owner 2: ROSA BEATRICE
  • Previous Owner : WISDOM MICHAEL
  • Previous Owner 2: WISDOM HEATHER
  • Owner Before Previous Owner: ECKERT JANICE L
  • Owner Before Previous Owner 2: ECKERT MEHNE JANICE L
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Schaumburg Community Consolidated School District 54
  • Census Tract: 804714

Geography

  • District: 35
  • Parcel: 07-05-204-005-0000
  • Block: 212
  • Lot: 5
  • Meridian: SEC 05 TWN 41N RNG 10E
  • Municipality: SCHAUMBURG
  • Latitude: 42.0639
  • Longitude: -88.1111

    Address

  • Full Address: 1280 Mayfield Ln
  • Address - House Number: 1280
  • Address - Street Name: Mayfield
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Hoffman Estates
  • Carrier Code: C009
  • 4-Digit Zip Code: 2631
  • Zip Code: 60169

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $9,082
  • Tax Rate Code Area: 35013

    Appraisal Valuation

  • Standard Deviation: 0.1961
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 73
  • Final Value: 421,866
  • High Value: 504,619
  • Low Value: 339,113

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $143,500
  • First Open Lien Mortgage Lender: WOODFIELD PLANNING CORP
  • First Open Lien Mortgage Recording Date: Aug 26, 1998
  • First Open Lien Mortgage Loan Amount: $143,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2028

    Market Valuation

  • Market Total Value: $340,000
  • Market Land Value: $66,420
  • Market Improvement Value: $273,580

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $34,000
  • Assessed Land Value: $6,642
  • Assessed Improvements Value: $27,358

    Sales

  • Current Sale Contract Date: Aug 17, 1998
  • Current Sale Recording Date: Aug 26, 1998
  • Current Sale Transaction ID: 1143697570
  • Current Sale Price: $204,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 98759531
  • Previous Sale Recording Date: Dec 10, 1997
  • Previous Sale Contract Date: Dec 08, 1997
  • Previous Sale Amount: $180,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WOODFIELD PLANNING CORP
  • First Mortgage Transaction Date: Aug 26, 1998
  • First Mortgage Loan Amount: $143,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Due Date: Sep 01, 2028

    Previous Mortgages

  • Previous Mortgage Lender: LIBERTY BANK FOR SVGS
  • Previous Mortgage Transaction Date: Dec 10, 1997
  • Previous Mortgage Loan Amount: $171,000
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Due Date: Jan 01, 2013

About Hoffman Estates



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Frequently Asked Questions

What neighborhood is 1280 Mayfield Lane located in?
The 1280 Mayfield Lane is a located in the neighborhood of Schaumburg in Hoffman Estates, Hoffman Estates.
What is the average sales price for listings in 1280 Mayfield Lane?
The average sales price for units in 1280 Mayfield Lane is $0 currently.

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