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540 Ridge Circle

540 Ridge Circle, Streamwood, IL 60107
Property in Hanover
Sold Oct 12, 2018
Transfer
$160,000 by Self Help Fcu
Mortgage Due Apr 01, 2049
Sold Sep 26, 2003
$215,000
$193,500 by Americas Wholesale Lender
Mortgage Due Oct 01, 2033
Local assessors in Streamwood, IL have categorized 540 Ridge Circle as a residential type of property. The home was built in 1969 and is 55 years old. The property's lot size has been calculated to be 7,320 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 6 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 540 Ridge Circle has a total of 1,139 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. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. Before that, the property was also sold for $215,000 in Sep 12, 2003. 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 $6,773 in taxes each year. 540 Ridge Circle was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $26,000. If we break it down further, the land itself was valued at $3,660. Improvements to the property, however, were assessed at a total of $22,340. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 7,320
  • Total Building Area: 1,139
  • Gross Building Area: 1,139
  • Building Area: 1,139
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,139
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WOODLAND HEIGHTS UNIT5
  • Land Acres: 0.168
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (WOODLAND)(HEIGHTS)(UNIT5) SUB IN SECS 23,24,25, SEC 23-41-09

Ownership

  • Current Owner : FEDERAL NATIONAL MORTGAGE ASSOCIATION
  • Previous Owner : APONTE JESUS
  • Owner Before Previous Owner: GARDUNO JESUS SARA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 804306

Geography

  • District: 18
  • Parcel: 06-24-307-026-0000
  • Lot: 2067
  • Meridian: SEC 23 TWN 41N RNG 09E
  • Municipality: HANOVER
  • Latitude: 42.0187
  • Longitude: -88.1633

    Address

  • Full Address: 540 Ridge Cir
  • Legal Unit: 5
  • Address - House Number: 540
  • Address - Street Name: Ridge
  • Address - Suffix Type: Cir
  • State: IL
  • City Name: Streamwood
  • Carrier Code: C009
  • 4-Digit Zip Code: 2011
  • Zip Code: 60107

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,773
  • Tax Rate Code Area: 18023

    Appraisal Valuation

  • Standard Deviation: 0.2025
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 72
  • Final Value: 317,427
  • High Value: 381,718
  • Low Value: 253,137

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $160,000
  • First Open Lien Mortgage Lender: SELF HELP FCU
  • First Open Lien Mortgage Recording Date: Mar 28, 2019
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $160,000
  • 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: Apr 01, 2049

    Market Valuation

  • Market Total Value: $260,000
  • Market Land Value: $36,600
  • Market Improvement Value: $223,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $26,000
  • Assessed Land Value: $3,660
  • Assessed Improvements Value: $22,340

    Sales

  • Current Sale Contract Date: Jul 25, 2018
  • Current Sale Recording Date: Oct 12, 2018
  • Current Sale Transaction ID: 11521153776
  • Current Sale Document Type: Sheriff's Deed
  • Current Sale Input Document Number: 1828506033
  • Previous Sale Recording Date: Sep 26, 2003
  • Previous Sale Contract Date: Sep 12, 2003
  • Previous Sale Amount: $215,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: AMERICAS WHOLESALE LENDER
  • Previous Mortgage Transaction Date: Sep 26, 2003
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $193,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Unknown (DEFAULT)
  • Previous Mortgage Loan Due Date: Oct 01, 2033

About Streamwood



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 540 Ridge Circle located in?
The 540 Ridge Circle is a located in the neighborhood of Hanover in Streamwood, Streamwood.
What is the average sales price for listings in 540 Ridge Circle?
The average sales price for units in 540 Ridge Circle is $0 currently.

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