NOT LISTED FOR SALE

506 W Wise Rd Schaumburg, IL 60193

South Schaumburg Neighborhood
-- Bed
-- Bath
-- Sq Ft
2.62 Acres

About This Home

This home is located at 506 W Wise Rd, Schaumburg, IL 60193. 506 W Wise Rd is a home located in Cook County with nearby schools including Nathan Hale Elementary School, Robert Frost Junior High School, and Schaumburg High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 12, 2024
Sold by
Cove Shopping Center Llc
Bought by
Shifa Cove Center Llc

Purchase Details

Closed on
Nov 27, 2017
Sold by
Bmo Reo Il Retail Llc
Bought by
Cove Shopping Center Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
3.88%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 22, 2015
Sold by
Atg Trust Company Funding Llc
Bought by
Bmo Reo Il Retail Llc

Purchase Details

Closed on
Mar 6, 2015
Sold by
Lrm Management Inc
Bought by
Madan Lajpat

Purchase Details

Closed on
Dec 7, 2012
Sold by
Atg Trust Co
Bought by
Lrm Management Inc

Purchase Details

Closed on
Nov 10, 2006
Sold by
Chicago Title Land Trust Co
Bought by
Atg Trust Co and Trust #L006-127

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,737,500
Interest Rate
6.85%
Mortgage Type
Commercial
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
Shifa Cove Center Llc $3,200,000 None Listed On Document
Cove Shopping Center Llc $1,596,000 Fidelity National Title
Bmo Reo Il Retail Llc -- Attorney
Madan Lajpat -- None Available
Lrm Management Inc -- None Available
Atg Trust Co $3,650,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cove Shopping Center Llc $1,000,000
Previous Owner Atg Trust Co $2,737,500
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 $142,890 $510,097 $342,774 $167,323
2023 $138,562 $510,097 $342,774 $167,323
2022 $138,562 $510,097 $342,774 $167,323
2021 $163,592 $539,744 $342,774 $196,970
2020 $144,611 $485,478 $342,774 $142,704
2019 $168,240 $627,670 $342,774 $284,896
2018 $90,074 $300,134 $214,233 $85,901
2017 $150,322 $508,907 $214,233 $294,674
2016 $126,296 $457,218 $214,233 $242,985
2015 $135,839 $454,061 $185,669 $268,392
2014 $134,350 $454,061 $185,669 $268,392
2013 $120,236 $417,043 $185,669 $231,374
Source: Public Records

Map

Illinois Cook County Schaumburg 60193 South Schaumburg

506 W Wise Rd, Schaumburg, IL

This home is located at 506 W Wise Rd, Schaumburg, IL 60193. 506 W Wise Rd is a home located in Cook County with nearby schools including Nathan Hale Elementary School, Robert Frost Junior High School, and Schaumburg High School.

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