NOT LISTED FOR SALE

1525 Merrimac Ln N Hanover Park, IL 60133

South Tri Village Neighborhood

Estimated Value: $282,000 - $306,000

3 Beds
2 Baths
1,342 Sq Ft
$222/Sq Ft Est. Value

About This Home

This home is located at 1525 Merrimac Ln N, Hanover Park, IL 60133 and is currently estimated at $298,017, approximately $222 per square foot. 1525 Merrimac Ln N is a home located in DuPage County with nearby schools including Cloverdale Elementary School, Stratford Middle School, and Glenbard North High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 20, 2021
Sold by
Patel Dipesh and Patel Mital
Bought by
Patel Champakbhai and Patel Parolikaben
Current Estimated Value
$285,804

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,800
Outstanding Balance
$120,190
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$161,425

Purchase Details

Closed on
Apr 16, 2008
Sold by
Mehta Nayan J and Mehta Mona
Bought by
Patel Dipesh and Patel Mital

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 23, 2002
Sold by
Mehta Mona
Bought by
Metha Nayan J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,900
Interest Rate
6.4%

Purchase Details

Closed on
May 31, 2001
Sold by
Mehta Nayan J
Bought by
Mehta Nayan J and Mehta Mona

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,006
Interest Rate
7.18%

Purchase Details

Closed on
Jul 11, 1996
Sold by
Mencini Louis and Mendez Ana Maria
Bought by
Plant James D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,400
Interest Rate
8.43%
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
Patel Champakbhai $196,000 Altima Title Llc
Patel Dipesh $185,000 First American Title
Metha Nayan J -- First American Title
Mehta Nayan J -- --
Mehta Nayan T $136,000 Chicago Title Insurance Co
Plant James D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Champakbhai $156,800
Previous Owner Patel Dipesh $115,000
Previous Owner Patel Dipesh $112,880
Previous Owner Patel Dipesh $148,000
Previous Owner Mehta Nayan $10,000
Previous Owner Mehta Nayan J $126,500
Previous Owner Mehta Nayan $128,000
Previous Owner Metha Nayan J $130,900
Previous Owner Mehta Nayan J $132,299
Previous Owner Mehta Nayan T $134,006
Previous Owner Plant James D $82,400
Closed Plant James D $10,539
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 $5,828 $70,925 $20,077 $50,848
2023 $5,468 $64,860 $18,360 $46,500
2022 $5,460 $60,340 $18,240 $42,100
2021 $5,460 $57,330 $17,330 $40,000
2020 $5,774 $55,930 $16,910 $39,020
2019 $4,959 $53,750 $16,250 $37,500
2018 $4,132 $44,180 $13,360 $30,820
2017 $3,922 $40,950 $12,380 $28,570
2016 $3,707 $37,900 $11,460 $26,440
2015 $3,665 $35,360 $10,690 $24,670
2014 $4,149 $39,390 $11,210 $28,180
2013 $4,166 $40,730 $11,590 $29,140
Source: Public Records

Map

Illinois DuPage County Hanover Park 60133 South Tri Village

1525 Merrimac Ln N, Hanover Park, IL

This home is located at 1525 Merrimac Ln N, Hanover Park, IL 60133 and is currently estimated at $298,017, approximately $222 per square foot. 1525 Merrimac Ln N is a home located in DuPage County with nearby schools including Cloverdale Elementary School, Stratford Middle School, and Glenbard North High School.

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