NOT LISTED FOR SALE

1316 Somerset Ln Schaumburg, IL 60193

South Schaumburg Neighborhood

Estimated Value: $362,942 - $403,000

3 Beds
2 Baths
965 Sq Ft
$400/Sq Ft Est. Value

About This Home

This home is located at 1316 Somerset Ln, Schaumburg, IL 60193 and is currently estimated at $385,736, approximately $399 per square foot. 1316 Somerset Ln is a home located in Cook County with nearby schools including Thomas Dooley Elementary School, Jane Addams Junior High School, and Schaumburg High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 28, 2005
Sold by
Leiva Jose and Leiva Madelyn
Bought by
Lopez Alfredo and Lopez Noreen P
Current Estimated Value
$385,736

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,600
Outstanding Balance
$131,710
Interest Rate
5.66%
Mortgage Type
Fannie Mae Freddie Mac
Estimated Equity
$229,129
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lopez Alfredo $297,000 Atg Search
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lopez Alfredo $52,000
Open Lopez Alfredo $237,600
Closed Lopez Alfredo $29,650
Previous Owner Leiva Jose $100,000
Source: Public Records

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $7,220 $30,000 $6,883 $23,117
2023 $7,220 $30,000 $6,883 $23,117
2022 $7,220 $30,000 $6,883 $23,117
2021 $5,863 $22,674 $4,670 $18,004
2020 $5,830 $22,674 $4,670 $18,004
2019 $5,910 $25,477 $4,670 $20,807
2018 $5,611 $22,130 $4,179 $17,951
2017 $5,540 $22,130 $4,179 $17,951
2016 $5,423 $22,130 $4,179 $17,951
2015 $4,898 $18,996 $3,687 $15,309
2014 $4,861 $18,996 $3,687 $15,309
2013 $4,719 $18,996 $3,687 $15,309
Source: Public Records

Map

Illinois Cook County Schaumburg 60193 South Schaumburg

1316 Somerset Ln, Schaumburg, IL

This home is located at 1316 Somerset Ln, Schaumburg, IL 60193 and is currently estimated at $385,736, approximately $399 per square foot. 1316 Somerset Ln is a home located in Cook County with nearby schools including Thomas Dooley Elementary School, Jane Addams Junior High School, and Schaumburg High School.

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