NOT LISTED FOR SALE

1616 E Cedar Ln Mount Prospect, IL 60056

North Mount Prospect Neighborhood

Estimated Value: $612,494 - $770,000

5 Beds
3 Baths
2,755 Sq Ft
$250/Sq Ft Est. Value

About This Home

This home is located at 1616 E Cedar Ln, Mount Prospect, IL 60056 and is currently estimated at $687,874, approximately $249 per square foot. 1616 E Cedar Ln is a home located in Cook County with nearby schools including Euclid Elementary School, River Trails Middle School, and John Hersey High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 3, 2016
Sold by
Sherkey Michael Paul
Bought by
Malley Kelly O
Current Estimated Value
$687,874

Purchase Details

Closed on
Jul 8, 2004
Sold by
Sherkey Michael P and Omalley Kelly A
Bought by
Sherkey Michael Paul and Trust Agreement Of Michael Paul Sherkey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,000
Outstanding Balance
$167,024
Interest Rate
6.39%
Mortgage Type
Unknown
Estimated Equity
$520,850

Purchase Details

Closed on
Jun 12, 2004
Sold by
Goreham Steven A and Goreham Susan M
Bought by
Sherkey Michael P and Omalley Kelly A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,000
Outstanding Balance
$167,024
Interest Rate
6.39%
Mortgage Type
Unknown
Estimated Equity
$520,850
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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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

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Malley Kelly O -- None Available
Sherkey Michael Paul -- --
Sherkey Michael P $450,000 Atgf Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sherkey Michael P $333,000
Closed Sherkey Michael P $27,000
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 $11,113 $40,334 $8,100 $32,234
2023 $11,299 $40,334 $8,100 $32,234
2022 $11,299 $42,648 $8,100 $34,548
2021 $10,079 $33,705 $5,175 $28,530
2020 $9,812 $33,705 $5,175 $28,530
2019 $10,913 $41,270 $5,175 $36,095
2018 $9,309 $32,381 $4,500 $27,881
2017 $10,299 $35,686 $4,500 $31,186
2016 $10,814 $38,662 $4,500 $34,162
2015 $8,691 $29,345 $3,825 $25,520
2014 $9,798 $33,188 $3,825 $29,363
2013 $9,310 $33,188 $3,825 $29,363
Source: Public Records

Map

Illinois Cook County Mount Prospect 60056 North Mount Prospect

1616 E Cedar Ln, Mount Prospect, IL

Not Listed for Sale

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