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34 Martin Lane

34 Martin Lane, Elk Grove Village, IL 60007
Property in Elk Grove
34 Martin Lane in Elk Grove Village, IL was first built in 2012 and is 12 years old. This has been categorized as a industrial property type. For those interested in architecture, the building on the property was built in a unknown style. 34 Martin Lane has 8,400 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 750 ft and the linear feet between the front and back of the lot is 1,850. In total, the area measurement of the land is 20,880 square feet.

Learn more about the property and building on this page. 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, 34 Martin Lane was last sold in Mar 14, 2018 for $495,000. According to our calculations, that's $58.93 per sqft. Prior to that sales transaction, the property was sold for $315,000 in Aug 10, 1994. Current property owners are expected to pay $55,588 in taxes per year. The property on 34 Martin Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $189,000. To break that down further, the land itself was valued at $44,370. While improvements to the property were assessed at a total of $144,630. 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. 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!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.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 2012
  • Building Count: 1
  • Bedroom Count: 0
  • Building Style: Unknown
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 20,880
  • Lot Size Depth Feet: 1,850
  • Lot Size Frontage Feet: 750
  • Total Building Area: 8,400
  • Gross Building Area: 8,400
  • Building Area: 8,400
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 8,400
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Industrial
  • Subdivision: TELAR 4TH
  • Land Acres: 0.479
  • Standard Land Use Code: Industrial (general)
  • Legal Description 1: (TELAR) (4TH) RESUB OF LTS1&2 OF TELAR 3RD RESUB OF L T1 IN FINEGAN SUB UNIT3 RESUB PT LTS7&12 IN SW SEC 22-41-11

Ownership

  • Current Owner : 30 32 MARTIN LANE LLC
  • Previous Owner : W S ENTERPRISES INC
  • Owner Before Previous Owner: COLE TAYLOR BANK
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Township High School District 214
  • Census Tract: 770300

Geography

  • District: 16
  • Parcel: 08-22-301-064-0000
  • Lot: 1,2,7
  • Meridian: SEC 22 TWN 41N RNG 11E
  • Municipality: ELK GROVE
  • Latitude: 42.0276
  • Longitude: -87.9732

    Address

  • Full Address: 34 Martin Ln
  • Legal Unit: IT3
  • Address - House Number: 34
  • Address - Street Name: Martin
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Elk Grove Village
  • Zip Code: 60007

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $55,588
  • Tax Rate Code Area: 16035

    Market Valuation

  • Market Total Value: $756,000
  • Market Land Value: $177,480
  • Market Improvement Value: $578,520

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $189,000
  • Assessed Land Value: $44,370
  • Assessed Improvements Value: $144,630

    Sales

  • Current Sale Contract Date: Mar 14, 2018
  • Current Sale Recording Date: Mar 19, 2018
  • Current Sale Transaction ID: 11433947869
  • Current Sale Price: $495,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 1807846202
  • Previous Sale Recording Date: Aug 16, 1994
  • Previous Sale Contract Date: Aug 10, 1994
  • Previous Sale Amount: $315,000
  • Previous Sale Document Type: Trustee's Deed (Certificate of Title)

    Last Sale Mortgage

  • First Mortgage Lender: FIRST MIDWEST BANK
  • First Mortgage Transaction Date: Mar 19, 2018
  • First Mortgage Loan Amount: $379,200
  • First Mortgage Terms: 60
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Mar 15, 2023

    Financing

  • First Mortgage Financing Type: Unknown

    Previous Mortgages

  • Previous Mortgage Lender: AMERICAN NATL BK&TR CO CHICAGO
  • Previous Mortgage Transaction Date: Aug 16, 1994
  • Previous Mortgage Loan Amount: $250,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Elk Grove Village



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Frequently Asked Questions

What neighborhood is 34 Martin Lane located in?
The 34 Martin Lane is a located in the neighborhood of Elk Grove in Elk Grove Village, Elk Grove Village.
What is the average sales price for listings in 34 Martin Lane?
The average sales price for units in 34 Martin Lane is $0 currently.

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