Check Availability

1716 West Martin Lane

1716 West Martin Lane, Mount Prospect, IL 60056
Property in Elk Grove
Sold Jan 11, 2010
$280,000
$274,928 by Bank Of America Na
Mortgage Due Jan 01, 2040
Sold Dec 11, 2001
$235,000
$200,000 by Washington Mutual Bank Fa
Mortgage Due Dec 01, 2031
Local assessors in Mount Prospect, IL have categorized 1716 West Martin Lane as a residential type of property. The home was built in 1966 and is 58 years old. The property's lot size has been calculated to be 9,310 square feet. The linear feet between the front and back of the lot was measured at 1,330 ft and the front of the lot was measured at 700 ft. 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 4 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 is one full bathroom. 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 1716 West Martin Lane has a total of 1,116 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 detached 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 masonry 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. The property was last sold in Dec 10, 2009 for $280,000. That's $250.90 per sqft. Prior to that sales transaction, the property was also sold in Nov 30, 2001 for $235,000. 1716 West Martin Lane was last assessed in 2023. The total value of the property was assessed at $34,000. Specifically, the land the property is located on was valued at $9,310. While improvements on the property were assessed at a total of $24,690. 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 $7,650. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. 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: 1966
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Bungalow
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 9,310
  • Lot Size Depth Feet: 1,330
  • Lot Size Frontage Feet: 700
  • Total Building Area: 1,116
  • Gross Building Area: 1,116
  • Building Area: 1,116
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,116
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: COLONIAL HEIGHTS 10TH
  • Land Acres: 0.214
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (COLONIAL) (HEIGHTS) (10TH) ADD SUB OF PT OF LTS 6&7 OF OWNERS DIVISION OF SE EXCEPT WH OF SW SE SEC 10-41-11

Ownership

  • Current Owner : MCLAUGHLIN SHAUN M
  • Previous Owner : MORENO ALEJANDRO S
  • Previous Owner 2: ROECKELL MORENO SUZANNE F
  • Owner Before Previous Owner: SWANSON DOLORES L
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Geography

  • District: 16
  • Parcel: 08-10-403-022-0000
  • Lot: 6,7
  • Meridian: SEC 10 TWN 41N RNG 11E
  • Municipality: ELK GROVE
  • Latitude: 42.0528
  • Longitude: -87.9634

    Address

  • Full Address: 1716 W Martin Ln
  • Address - House Number: 1716
  • Street Direction: W
  • Address - Street Name: Martin
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Mount Prospect
  • Carrier Code: C055
  • 4-Digit Zip Code: 3543
  • Zip Code: 60056

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,650
  • Tax Rate Code Area: 16048

    Appraisal Valuation

  • Standard Deviation: 0.1989
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 73
  • Final Value: 432,662
  • High Value: 518,742
  • Low Value: 346,582

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $292,637
  • First Open Lien Mortgage Lender: BANK OF AMERICA NA
  • First Open Lien Mortgage Recording Date: Jan 11, 2010
  • First Open Lien Mortgage Loan Amount: $274,928
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2040
  • Second Open Lien Mortgage Lender: SECRETARY/HOUSING & URBAN DEV
  • Second Open Lien Mortgage Recording Date: Mar 31, 2023
  • Second Open Lien Mortgage Loan Amount: $17,709
  • Second Open Lien Mortgage Term: 201
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: FHA
  • Second Open Lien Mortgage Loan Due Date: Jan 01, 2040

    Market Valuation

  • Market Total Value: $340,000
  • Market Land Value: $93,100
  • Market Improvement Value: $246,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $34,000
  • Assessed Land Value: $9,310
  • Assessed Improvements Value: $24,690

    Sales

  • Current Sale Contract Date: Dec 10, 2009
  • Current Sale Recording Date: Jan 11, 2010
  • Current Sale Transaction ID: 1092574458
  • Current Sale Price: $280,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1001122067
  • Previous Sale Recording Date: Dec 11, 2001
  • Previous Sale Contract Date: Nov 30, 2001
  • Previous Sale Amount: $235,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF AMERICA NA
  • First Mortgage Transaction Date: Jan 11, 2010
  • First Mortgage Loan Amount: $274,928
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jan 01, 2040

    Previous Mortgages

  • Previous Mortgage Lender: WASHINGTON MUTUAL BANK FA
  • Previous Mortgage Transaction Date: Dec 11, 2001
  • Previous Mortgage Loan Amount: $200,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Dec 01, 2031

About Mount Prospect



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 1716 West Martin Lane located in?
The 1716 West Martin Lane is a located in the neighborhood of Elk Grove in Mount Prospect, Mount Prospect.
What is the average sales price for listings in 1716 West Martin Lane?
The average sales price for units in 1716 West Martin Lane is $0 currently.

Quantcast