NOT LISTED FOR SALE

1072 Avery Ridge Cir Lake Zurich, IL 60047

Estimated Value: $757,000 - $876,000

4 Beds
2.5 Baths
2,738 Sq Ft
$293/Sq Ft Est. Value

Last Sold February 28, 2023

Last sale price $630,000 $230 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $5,643/month

13 Days on Market

Highlights

  • New Construction
  • Bonus Room
  • Stainless Steel Appliances
  • Spencer Loomis Elementary School Rated A
  • Double Oven
  • 2 Car Attached Garage

About This Home

As of February 2023

READY NOW! Welcome to the Eastman, an innovative floorplan at over 2,700 square feet. This stunning single family home in Lake Zurich features four bedrooms, two-and-a-half-bathrooms, a planning center, a convenient second-floor laundry room, and a two car garage. Upon entering the home, the two-story foyer sets the tone of the impressive home design. The front flex room can be turned into a space to tailor the needs for you and your family - talk about flexABILITY. Walk down the hall, past the powder room and coat closet, and arrive to the family room with fireplace that opens to the breakfast area and kitchen. The kitchen has a notable wall of cabinetry that leads to the walk-in pantry and mud room. The mud room serves as a very practical owner's entry with a storage closet, and a "drop zone" - a recent trend where you can easily "drop" keys or mail for additional organizing. The Eastman is known for its planning center, a secluded niche space that is tucked away by the staircase to the second floor. This space is designed to help you stay organized and focused - pay bills, plan, or do homework - but still feels connected to the hub of the home. Up the stairs are the three secondary bedrooms, each with a walk-in closet, and the owner's suite. The convenient second-floor laundry is also a perk; no more lugging laundry baskets up and down the stairs, saving you time to handle more important things of life. The owner's suite includes an en-suite bathroom with a large walk-in shower, dual sink vanity and walk-in closet. Rounding out this home is s full basement with a rough-in for a future bathroom.

Last Agent to Sell the Property

Linda Little

Little Realty License #471000259 Listed on: 12/16/2022

Co-Listed By

Cheryl Bonk

Little Realty License #475141366

Last Buyer's Agent

Michelle Wendell

Berkshire Hathaway HomeServices Starck Real Estate License #475134142

Berkshire Hathaway HomeServices Starck Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,989

Year Built

  • Built in 2022 | New Construction

Lot Details

  • Lot Dimensions are 100 x 193

HOA Fees

  • $85 Monthly HOA Fees

Parking

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

Interior Spaces

  • 2,738 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace
  • Bonus Room

Kitchen

  • Double Oven
  • Cooktop with Range Hood
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Laundry on upper level

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Rough-In Basement Bathroom

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

Community Details

  • Marty Association, Phone Number (847) 338-9635
  • Avery Ridge Subdivision, Eastman Uf Floorplan
  • Property managed by M/I Homes Chicago, LLC

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,989

Year Built

Built in 2022 | New Construction

Lot Details

0

HOA Fees

$85 per month

Parking

2

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, Dishwasher, Stainless Steel Appliance(s), Cooktop, Range Hood
  • Basement: Full
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplaces: 1
  • Interior Amenities: Second Floor Laundry
  • LivingArea: 2738
  • Room Type: Bonus Room
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Unfinished,Bathroom Rough-In
  • Bathroom Amenities: Separate Shower,Double Sink,European Shower
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Fireplace Location: Family Room
  • Total Sq Ft: 0
  • Existing Basement/Foundation: No
  • ResoLivingAreaSource: Builder

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Stone,Other

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Driveway: Asphalt
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Sewer-Storm
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Laundry Features: In Unit
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 254
  • Association Fee Frequency: Quarterly
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: M/I Homes Chicago, LLC
  • Management Contact Name: Marty
  • Management Phone: 847-338-9635
  • ResoAssociationFeeFrequency: Quarterly

Fee Information

  • Association Fee Includes: None

Schools

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

Lot Info

  • Lot Dimensions: 100 X 193
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N
  • Zero Lot Line: No

Rental Info

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

Tax Info

  • Tax Year: 2020
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 16, 2022
Closed on
Feb 28, 2023
Sold by
M/I Homes Of Chicago Llc
Bought by
Bobbasani Rahul and Chilakamarthi Kusuma
Seller's Agent
Linda Little
Little Realty
Buyer's Agent
Michelle Wendell
Berkshire Hathaway HomeServices Starck Real Estate
List Price
$714,100
Sold Price
$630,000
Premium/Discount to List
-$84,100
-11.78%
Views
40
Current Estimated Value
$803,408

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$173,408
Avg. Annual Appreciation
9.53%
Original Mortgage
$567,000
Outstanding Balance
$544,824
Interest Rate
4.88%
Mortgage Type
New Conventional
Estimated Equity
$258,584
Source: Public Records

Range of Values:

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Average Value
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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
Bobbasani Rahul $630,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bobbasani Rahul $567,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2023 02/28/23 Sold $630,000 -3.1% $230 / Sq Ft
12/30/2022 12/30/22 Pending -- -- --
12/16/2022 12/16/22 Price Changed $649,990 -9.0% $237 / Sq Ft
12/16/2022 12/16/22 For Sale $714,100 -- $261 / 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 $15,989 $215,770 $59,233 $156,537
2023 $300 $209,975 $57,642 $152,333
2022 $300 $3,804 $3,804 $0
2021 $290 $3,707 $3,707 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11689088

Midwest Real Estate Data (MRED)

APN: 14-09-308-015