Seller's Agent in 2020
Doug Anderson
Blue Fence Real Estate Inc.
(847) 687-3424
5 in this area
56 Total Sales
23526 N Echo Lake Rd Lake Zurich, IL 60047
Estimated Value: $577,527
4
Beds
4
Baths
--
Sq Ft
0.43
Acres
Highlights
- Community Lake
- Deck
- Lower Floor Utility Room
- May Whitney Elementary School Rated A
- Corner Lot
- 3-minute walk to Knigge Park
About This Home
As of April 2020Four unit building on nearly 1/2 acre, directly across the street from LZ HS. Two 2-bedroom units and two studio units. Excellent income producer. Lower level includes an additional 575 SF open space that has been used as owner storage and shop. New roof, windows, well pump, septic pump. Units have recently upgraded kitchens, baths, flooring. Decks, retaining walls and exterior landscaping upgraded, too. Consistently rented with only minor interruptions for cleaning or improvements for the past 20 years. Owner is a licensed real estate broker.
Last Agent to Sell the Property
Blue Fence Real Estate Inc. License #471001723 Listed on: 03/17/2018
Co-Listed By
James Lumsden
Blue Fence Real Estate Inc.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,554
Year Built
- Built in 1938 | Remodeled in 2017
Lot Details
- 0.43 Acre Lot
- Corner Lot
- Paved or Partially Paved Lot
- Additional Parcels
Home Design
- Frame Construction
- Asphalt Roof
- Concrete Perimeter Foundation
Interior Spaces
- Ceiling Fan
- Workshop
- Lower Floor Utility Room
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
- 4 Bathrooms
Finished Basement
- Basement Fills Entire Space Under The House
- Sump Pump
Home Security
- Storm Screens
- Carbon Monoxide Detectors
Parking
- 9 Parking Spaces
- Uncovered Parking
- Off-Street Parking
- Parking Included in Price
- Unassigned Parking
Outdoor Features
- Deck
- Fire Pit
Schools
- May Whitney Elementary School
- Lake Zurich Middle - N Campus
- Lake Zurich High School
Utilities
- Heating System Uses Natural Gas
- Well
- Private or Community Septic Tank
- Cable TV Available
Community Details
Overview
- 4 Units
- Echo Lake Subdivision
- Community Lake
Building Details
- Electric Expense $3,215
- Fuel Expense $1,001
- Insurance Expense $1,639
- Maintenance Expense $1,000
- Trash Expense $1,680
- Gross Income $50,460
- Net Operating Income $33,216
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 17, 2018
Closed on
Apr 23, 2020
Sold by
Lumsden James W and Lumsden Barbara A
Bought by
Bangalore Vijay
Seller's Agent
Doug Anderson
Blue Fence Real Estate Inc.
Buyer's Agent
Jeffrey Nobleza
Baird & Warner
List Price
$432,000
Sold Price
$390,000
Premium/Discount to List
-$42,000
-9.72%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$187,527
Avg. Annual Appreciation
7.78%
Original Mortgage
$382,936
Outstanding Balance
$341,988
Interest Rate
3.25%
Mortgage Type
FHA
Estimated Equity
$232,817
Purchase Details
Closed on
Nov 6, 1998
Sold by
Henkel Gerald and Henkel Diane
Bought by
Lumsden James W
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,000
Interest Rate
6.92%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 25, 1997
Sold by
Vannevel Jan and Vannevel Laura
Bought by
Henkel Gerald and Henkel Diane
Purchase Details
Closed on
Feb 13, 1995
Sold by
Gerald & Diane Henkel Revocable Living T
Bought by
Vannevel Laura and Vannevel Jay
Purchase Details
Closed on
Oct 21, 1993
Sold by
Henkel Gerald and Henkel Diane
Bought by
Gerald Henkel & Diane Henkel Revocable
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Bangalore Vijay | $390,000 | Atg Title Group Inc | |
| Lumsden James W | $220,000 | -- | |
| Henkel Gerald P | $138,000 | -- | |
| Henkel Gerald | -- | -- | |
| Vannevel Laura | -- | -- | |
| Gerald Henkel & Diane Henkel Revocable | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Bangalore Vijay | $382,936 | |
| Previous Owner | Lumsden James W | $187,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/23/2020 04/23/20 | Sold | $390,000 | 0.0% | -- |
| 04/20/2020 04/20/20 | Off Market | $390,000 | -- | -- |
| 02/10/2020 02/10/20 | Pending | -- | -- | -- |
| 10/30/2019 10/30/19 | Price Changed | $389,900 | -2.0% | -- |
| 09/25/2019 09/25/19 | Price Changed | $398,000 | -4.8% | -- |
| 07/28/2019 07/28/19 | Price Changed | $418,000 | -3.2% | -- |
| 06/15/2019 06/15/19 | For Sale | $432,000 | +10.8% | -- |
| 01/15/2019 01/15/19 | Off Market | $390,000 | -- | -- |
| 08/10/2018 08/10/18 | Price Changed | $432,000 | -0.2% | -- |
| 08/10/2018 08/10/18 | Price Changed | $433,000 | -7.5% | -- |
| 03/17/2018 03/17/18 | For Sale | $468,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $8,722 | $132,891 | $19,901 | $112,990 |
| 2023 | $8,596 | $119,190 | $17,849 | $101,341 |
| 2022 | $8,596 | $116,887 | $17,504 | $99,383 |
| 2021 | $8,329 | $113,891 | $17,055 | $96,836 |
| 2020 | $8,049 | $113,891 | $17,055 | $96,836 |
| 2019 | $8,049 | $112,897 | $16,906 | $95,991 |
| 2018 | $7,815 | $111,241 | $16,672 | $94,569 |
| 2017 | $7,753 | $109,900 | $16,471 | $93,429 |
| 2016 | $7,728 | $106,420 | $15,949 | $90,471 |
| 2015 | $7,557 | $101,362 | $15,191 | $86,171 |
| 2014 | $7,195 | $102,999 | $15,436 | $87,563 |
| 2012 | $6,894 | $93,684 | $13,388 | $80,296 |
Source: Public Records
Agents Affiliated with this Home
-
Doug Anderson
-
J
Seller Co-Listing Agent in 2020
James Lumsden
Blue Fence Real Estate Inc.
-
Jeffrey Nobleza
Buyer's Agent in 2020
Jeffrey Nobleza
Baird Warner
(773) 677-5340
16 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 09887791
APN: 14-17-200-007
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