NOT LISTED FOR SALE

497 Franklin Ln Elk Grove Village, IL 60007

Elk Grove Village West Neighborhood

Estimated Value: $519,000 - $651,000

4 Beds
3 Baths
2,177 Sq Ft
$271/Sq Ft Est. Value

About This Home

This home is located at 497 Franklin Ln, Elk Grove Village, IL 60007 and is currently estimated at $589,164, approximately $270 per square foot. 497 Franklin Ln is a home located in Cook County with nearby schools including Frederick Nerge Elementary School, Margaret Mead Junior High School, and J B Conant High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 23, 2012
Sold by
Patel Paresh and Patel Rashmi
Bought by
Patel Pareshkumar J and Patel Rashmi
Current Estimated Value
$603,462

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,000
Outstanding Balance
$29,090
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$556,419

Purchase Details

Closed on
May 24, 2005
Sold by
Harris Trust & Savings Bank
Bought by
Patel Paresh and Patel Rashmi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
5.87%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 27, 1999
Sold by
Downing Kevin P and Downing Sharon M
Bought by
Harris Bank Palatine and Trust #7025
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
Patel Pareshkumar J -- None Available
Patel Paresh -- 1St American Title
Harris Bank Palatine -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Pareshkumar J $239,000
Closed Patel Paresh $253,000
Closed Patel Paresh $280,000
Previous Owner Harris Bank Palatine Na $150,000
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 $10,374 $39,026 $11,574 $27,452
2023 $10,585 $40,898 $11,574 $29,324
2022 $10,585 $40,898 $11,574 $29,324
2021 $9,447 $33,016 $7,567 $25,449
2020 $9,722 $34,455 $7,567 $26,888
2019 $9,732 $38,284 $7,567 $30,717
2018 $9,083 $32,513 $6,454 $26,059
2017 $9,763 $34,973 $6,454 $28,519
2016 $9,360 $34,973 $6,454 $28,519
2015 $8,952 $31,509 $5,341 $26,168
2014 $8,851 $31,509 $5,341 $26,168
2013 $8,606 $31,509 $5,341 $26,168
Source: Public Records

Map

Illinois Cook County Elk Grove Village 60007 Elk Grove Village West

497 Franklin Ln, Elk Grove Village, IL

This home is located at 497 Franklin Ln, Elk Grove Village, IL 60007 and is currently estimated at $589,164, approximately $270 per square foot. 497 Franklin Ln is a home located in Cook County with nearby schools including Frederick Nerge Elementary School, Margaret Mead Junior High School, and J B Conant High School.

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