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1703 South Milbrook Lane

1703 South Milbrook Lane, Arlington Heights, IL 60005
Property in Elk Grove
Sold Sep 07, 2021
$415,000
$332,000 by Proper Rate Llc
Mortgage Due Sep 01, 2051
Sold Oct 28, 2010
$295,000
$236,000 by Personal Mortgage Group Llc
Mortgage Due Nov 01, 2040
Local assessors in Arlington Heights, IL have categorized 1703 South Milbrook 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 10,209 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a split level style. 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, 4 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 1703 South Milbrook Lane has a total of 1,819 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. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. 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 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1703 South Milbrook Lane was last sold in Aug 23, 2021 for $415,000. According to our calculations, that's $228.15 per sqft. Prior to that sales transaction, the property was sold for $295,000 in Oct 21, 2010. Current property owners are expected to pay $10,860 in taxes per year. The property on 1703 South Milbrook Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $44,000. To break that down further, the land itself was valued at $10,209. While improvements to the property were assessed at a total of $33,791. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. 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.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Exterior

Brick Exterior

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1968
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Split level
  • 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: 10,209
  • Total Building Area: 1,819
  • Gross Building Area: 1,819
  • Building Area: 1,819
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,819
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: SURREY RIDGE UNIT2
  • Land Acres: 0.234
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (SURREY) (RIDGE) (UNIT2) RESUB IN SE SEC 09-41-11

Ownership

  • Current Owner : SRAMEK JAMES
  • Current Owner 2: BOSTICK ANDREA K
  • Previous Owner : NICHOLS JOSEPH
  • Previous Owner 2: NICHOLS NICOLE
  • Owner Before Previous Owner: DECLAR DICARA MARK M
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 805109

Geography

  • District: 16
  • Parcel: 08-09-405-008-0000
  • Lot: 59
  • Meridian: SEC 09 TWN 41N RNG 11E
  • Municipality: ELK GROVE
  • Latitude: 42.0531
  • Longitude: -87.9871

    Address

  • Full Address: 1703 S Milbrook Ln
  • Legal Unit: 2
  • Address - House Number: 1703
  • Street Direction: S
  • Address - Street Name: Milbrook
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Arlington Heights
  • Carrier Code: C071
  • 4-Digit Zip Code: 3701
  • Zip Code: 60005

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $10,860
  • Tax Rate Code Area: 16017

    Appraisal Valuation

  • Standard Deviation: 0.2562
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 63
  • Final Value: 482,998
  • High Value: 606,784
  • Low Value: 359,213

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $332,000
  • First Open Lien Mortgage Lender: PROPER RATE LLC
  • First Open Lien Mortgage Recording Date: Sep 07, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $332,000
  • 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: Sep 01, 2051

    Market Valuation

  • Market Total Value: $440,000
  • Market Land Value: $102,090
  • Market Improvement Value: $337,910

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $44,000
  • Assessed Land Value: $10,209
  • Assessed Improvements Value: $33,791

    Sales

  • Current Sale Contract Date: Aug 23, 2021
  • Current Sale Recording Date: Sep 07, 2021
  • Current Sale Transaction ID: 11854988483
  • Current Sale Price: $415,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2125012225
  • Previous Sale Recording Date: Oct 28, 2010
  • Previous Sale Contract Date: Oct 21, 2010
  • Previous Sale Amount: $295,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: PROPER RATE LLC
  • First Mortgage Transaction Date: Sep 07, 2021
  • First Mortgage Loan Amount: $332,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: PERSONAL MORTGAGE GROUP LLC
  • Previous Mortgage Transaction Date: Oct 28, 2010
  • Previous Mortgage Loan Amount: $236,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Nov 01, 2040

About Arlington Heights



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Frequently Asked Questions

What neighborhood is 1703 South Milbrook Lane located in?
The 1703 South Milbrook Lane is a located in the neighborhood of Elk Grove in Arlington Heights, Arlington Heights.
What is the average sales price for listings in 1703 South Milbrook Lane?
The average sales price for units in 1703 South Milbrook Lane is $0 currently.

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