NOT LISTED FOR SALE

1038 Avery Ridge Cir Lake Zurich, IL 60047

Estimated Value: $877,000 - $898,000

4 Beds
2.5 Baths
3,116 Sq Ft
$286/Sq Ft Est. Value

Last Sold February 17, 2023

Last sale price $799,990 $257 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $6,142/month

77 Days on Market

Highlights

  • New Construction
  • Community Lake
  • Sun or Florida Room
  • Spencer Loomis Elementary School Rated A
  • Bonus Room
  • Den

About This Home

As of February 2023

***MODEL HOME FOR SALE! MARCH 2023 DELIVERY*** Extended rate lock available for qualified buyers. Form follows function with this impressive Fairbanks floorplan, which sits at 3,116 square feet and is complete with four bedrooms, an additional bonus room, two-and-a-half bathrooms, a dining room with a pass-through to the kitchen, and a three-car garage. This model home at Avery Ridge is full of beautiful, one-of-a-kind design elements that you'll truly have to see to believe. Step inside! As one of our most popular floorplans, the Fairbanks shows nicely with a two-story foyer, a coat closet, a private den, and an L-shaped staircase all greeting you as you step in from the front door. As you walk down the main hallway, there is a separate, formal dining room that leads into the kitchen with its own pass-through walkway. The kitchen has a large center island that overlooks the breakfast area and family room. This gourmet kitchen has it all, from upgraded GE stainless steel appliances and an elongated subway tiled backsplash to the 42-inch white kitchen cabinetry and sparkling quartz countertops, you'll want to entertain in this space! The mud room, or owner's entry from the garage, has a storage closet and a "drop zone" - a recent trend where you can easily "drop" keys or mail for additional organizing. The powder room is also tucked away along with the laundry room off of the garage. We've added even more space to the main level with the additional morning room, complete with large windows, a vaulted ceiling, and access to the backyard. With four bedrooms and a bonus room upstairs, this is the perfect home for the expanding family. Each bedroom has plenty of space, closets, and large windows. The bonus room can easily turn into a fifth bedroom, a versatile media room, or casual lounging area. We've merchandised this as a "lounging meets E-Learning" area, complete with two designated built-in desks. The owner's suite has a notable amount of large windows, along with a uniquely pitched ceiling line. The owner's suite is through a large pass-through, and features our "Luxury Owner's Bathroom with Walk-In Shower" option. Just stop and stare at the beautiful five-foot walk-in shower. The remainder of the en-suite features dual vanity sinks, a large walk-in closet, and a private water closet, too. Three additional bedrooms and a hallway bathroom take up the rest of the space upstairs. We've showcased them all as traditional bedrooms for a full family, but they're also great spaces for whatever you and your family may need: a home office, a work out space, a craft room, or more. The Fairbanks is a stand-out floorplan and it's easy to see why. Contact us today to schedule your personal tour of this beloved model! This Fairbanks model in Lake Zurich features: Four bedrooms Two-and-a-half bathrooms Three-car garage Full look-out basement 42-inch white cabinetry Quartz countertops GE stainless steel appliances Gourmet kitchen configuration Hardwood flooring on first floor, owner's suite, and loft Elite mission stained rails and painted spindles. Includes an open basement staircase to basement, a study in lieu of flex room, a morning room, a luxury Owner's Bathroom with Walk-In Shower, a tray ceiling in dining room, a volume ceiling in owner's bedroom, Custom built-in cabinetry and lastly an M/I Homes TechConnect Home Automation

Last Agent to Sell the Property

Linda Little

Little Realty License #471000259 Listed on: 09/26/2022

Co-Listed By

Cheryl Bonk

Little Realty License #475141366

Last Buyer's Agent

Jane Lee

RE/MAX Top Performers License #471004433

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,900

Year Built

  • Built in 2022 | New Construction

Lot Details

  • Lot Dimensions are 71 x 155

HOA Fees

  • $85 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Driveway
  • Parking Included in Price

Home Design

  • Asphalt Roof

Interior Spaces

  • 3,116 Sq Ft Home
  • 2-Story Property
  • Family Room
  • Dining Room
  • Den
  • Bonus Room
  • Sun or Florida Room
  • Carbon Monoxide Detectors

Kitchen

  • Breakfast Bar
  • Double Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • Dual Sinks
  • European Shower
  • Separate Shower

Laundry

  • Laundry Room
  • Laundry on main level

Unfinished Basement

  • English Basement
  • Basement Fills Entire Space Under The House
  • Sump Pump

Schools

  • Seth Paine Elementary School
  • Lake Zurich Middle - N Campus
  • Lake Zurich High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • Marty Association, Phone Number (847) 338-9635
  • Avery Ridge Subdivision, Fairbanks Uf Floorplan
  • Community Lake

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,900

Year Built

Built in 2022 | New Construction

Lot Details

0

HOA Fees

$85 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple w/ HO Assn.
  • New Construction: Yes
  • Property Sub-Type: 2 Stories
  • Subdivision Name: Avery Ridge
  • Year Built: 2022
  • Age: NEW Ready for Occupancy
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Appliances: Double Oven, Microwave, Dishwasher, Refrigerator, Stainless Steel Appliance(s), Cooktop
  • Basement: Full, English
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Interior Amenities: First Floor Laundry
  • LivingArea: 3116
  • Other Equipment: CO Detectors, Sump Pump
  • Room Type: Eating Area, Den, Bonus Room, Sun Room
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Unfinished
  • Bathroom Amenities: Separate Shower,Double Sink,European Shower
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Builder

Exterior Features

  • List Price: 799990
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Stone,Other

Garage/Parking

  • Garage Spaces: 3
  • Number of Cars: 3
  • Driveway: Asphalt
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heating: Natural Gas, Forced Air
  • Laundry Features: In Unit
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee: 255
  • Association Fee Frequency: Quarterly
  • Community Features: Lake
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: TBD
  • Management Contact Name: Marty
  • Management Phone: 847-338-9635
  • ResoAssociationFeeFrequency: Quarterly

Fee Information

  • Association Fee Includes: Other

Schools

  • Elementary School: Seth Paine Elementary School
  • High School: Lake Zurich High School
  • Middle/Junior School: Lake Zurich Middle - N Campus
  • Middle/Junior School District: 95

Green Features

  • Green Building Verification Type: Other

Lot Info

  • Lot Dimensions: 71 X 155
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 26, 2022
Closed on
Feb 17, 2023
Sold by
M/I Homes Of Chicago Llc
Bought by
Pereira Mauricio
Seller's Agent
Linda Little
Little Realty
Buyer's Agent
Jane Lee
RE/MAX Top Performers
List Price
$879,950
Sold Price
$799,990
Premium/Discount to List
-$79,960
-9.09%
Views
46
Current Estimated Value
$892,571

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$92,581
Avg. Annual Appreciation
3.79%
Original Mortgage
$400,000
Outstanding Balance
$386,881
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$495,058
Source: Public Records

Range of Values:

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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
Pereira Mauricio $800,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pereira Mauricio $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/17/2023 02/17/23 Sold $799,990 0.0% $257 / Sq Ft
12/13/2022 12/13/22 Pending -- -- --
12/07/2022 12/07/22 Price Changed $799,990 -2.4% $257 / Sq Ft
12/02/2022 12/02/22 Price Changed $819,990 -2.4% $263 / Sq Ft
11/14/2022 11/14/22 Price Changed $839,990 -2.3% $270 / Sq Ft
11/02/2022 11/02/22 Price Changed $859,990 -2.3% $276 / Sq Ft
09/26/2022 09/26/22 For Sale $879,950 -- $282 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $15,900 $230,897 $53,767 $177,130
2023 $1,710 $223,334 $52,323 $171,011
2022 $16,678 $211,703 $21,700 $190,003
2021 $9,813 $125,562 $2,140 $123,422
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11638439

Midwest Real Estate Data (MRED)

APN: 14-09-308-010