NOT LISTED FOR SALE

23835 N Echo Lake Rd Lake Zurich, IL 60047

Estimated Value: $650,000 - $788,000

4 Beds
4.5 Baths
4,330 Sq Ft
$167/Sq Ft Est. Value

Last Sold January 17, 2023

Last sale price $494,900 $114 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $5,295/month

36 Days on Market

Highlights

  • Additional Residence on Property
  • Second Kitchen
  • 1.17 Acre Lot
  • May Whitney Elementary School Rated A
  • Second Garage
  • 4-minute walk to Knigge Park

About This Home

As of January 2023

EXCELLENT OPPORTUNITY FOR A TRULY ONE-OF-A-KIND HOME. 3620 sf 4 BEDROOM 4.1 BATH HOME ON A HUGE 1.17 ACRE LOT. BEAUTIFUL WOODWORK AND HARDWOOD FLOORS. BAY WINDOWS IN THE DINING AND DEN. THE KITCHEN FEATURES 42" CABINETS AND GRANITE COUNTERS. THE FAMILY ROOM HAS CATHEDRAL CEILINGS AND 4 SLIDERS THAT LEAD TO THE OVERSIZED WRAPAROUND DECK AND BACKYARD. HUGE MASTER SUITE WITH BATHROOM READY TO BE FINISHED. IN-LAW SUITE ON MAIN LEVEL W/ FULL BATH, LIVING AREA, 2ND KITCHEN, AND BED (NOT COUNTED AS A 5TH BED AS IT LACKS CLOSET). ABSOLUTELY ENORMOUS DETACHED GARAGE THAT OFFERS 2 STALLS FOR THE RESIDENCE, 5 COMMERCIAL SIZED STALLS ON THE SIDE (PERFECT FOR BIZ OWNER OR SOMEONE W/ AUTOS/TOYS), AND A 710 sf GAME ROOM. 2 DECKS, A PATIO, AND BALCONY. UNFINISHED BASEMENT W/ EXTERIOR ACCESS. THE HOME/GROUNDS ARE PERFECT FOR ENTERTAINING. FANTASTIC LOCATION IN CLOSE PROXIMITY TO SCHOOLS, PARKS & DOWNTOWN. AWARD-WINNING LAKE ZURICH SCHOOLS. VACANT AND EASY TO SHOW!!

Last Listed By

Eric Egeland

GenStone Realty License #471008764 Listed on: 10/26/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,084

Year Built

  • 1950

Lot Details

  • 1.17 Acre Lot
  • Partially Fenced Property
  • Paved or Partially Paved Lot
  • Mature Trees

Parking

  • 7 Car Detached Garage
  • Second Garage
  • Multiple Garages
  • Garage ceiling height seven feet or more
  • Parking Included in Price

Home Design

  • Asphalt Roof

Interior Spaces

  • 4,330 Sq Ft Home
  • 2-Story Property
  • Historic or Period Millwork
  • Wood Burning Fireplace
  • Fireplace With Gas Starter
  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Den
  • Game Room
  • Wood Flooring

Kitchen

  • Second Kitchen
  • Granite Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom
  • Bedroom Suite
  • In-Law or Guest Suite
  • Bathroom on Main Level

Laundry

  • Laundry Room
  • Laundry on main level
  • Gas Dryer Hookup

Unfinished Basement

  • Walk-Out Basement
  • Partial Basement
  • Exterior Basement Entry

Outdoor Features

  • Balcony
  • Deck
  • Patio
  • Separate Outdoor Workshop
  • Shed
  • Utility Building
  • Porch

Schools

  • Lake Zurich High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Well
  • Private or Community Septic Tank

Additional Features

  • Additional Residence on Property
  • Property is near a park

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,084

Year Built

1950

Lot Details

0

Parking

7

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • ArchitecturalStyle: Other
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Age: Unknown
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1950

Interior Features

  • Basement: Partial, Walkout
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bathrooms: 5
  • Total Bedrooms: 4
  • Fireplace Features: Wood Burning, Gas Starter
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors, In-Law Arrangement, First Floor Laundry, First Floor Full Bath, Walk-In Closet(s), Special Millwork, Granite Counters
  • LivingArea: 4330
  • Room Type: Suite, Den, Game Room, Kitchen, Other Room
  • Estimated Total Finished Sq Ft: 3620
  • Basement Description: Unfinished,Exterior Access
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 3620
  • Basement Sq Ft: 926
  • Fireplace Location: Living Room
  • Square Footage Comments: 3620sf Above Grade in residence. 710sf finished in the garage.
  • Total Sq Ft: 4546
  • Unfinished Basement Sq Ft: 926
  • Upper Level Sq Ft: 1663
  • Main Level Sq Ft: 1957
  • Bathroom: Full
  • ResoLivingAreaSource: Assessor

Exterior Features

  • ExteriorFeatures: Balcony, Deck, Patio, Porch, Workshop
  • List Price: 494900
  • Lot Features: Mature Trees, Other, Partial Fencing
  • OtherStructures: Second Garage, Second Residence, Shed(s), Garage(s), See Remarks, Storage, Utility Building(s)
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick,EIFS (e.g. Dryvit).

Garage/Parking

  • Garage Spaces: 7
  • Number of Cars: 7
  • Driveway: Asphalt,Gravel,Circular,Other
  • Garage Details: 7 Foot or more high garage door,Multiple Garages
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage
  • Type: Eating Area-Breakfast Bar,Custom Cabinetry,Granite Counters,Pantry,SolidSurfaceCounter

Utilities

  • Sewer: Septic-Private
  • Cooling: Central Air, Zoned
  • Heating: Natural Gas, Forced Air, Zoned
  • Laundry Features: Gas Dryer Hookup, In Unit
  • Water Source: Private Well

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Park, Street Paved
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • High School: Lake Zurich High School
  • Middle/Junior School District: 95

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 1.1675
  • Lot Dimensions: 50856
  • Rural (Y/N): N
  • Lot Size: 1.0-1.99 Acres
  • Special Assessments: N

Rental Info

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

Tax Info

  • Tax Annual Amount: 15084.5
  • Tax Year: 2021
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 26, 2022
Closed on
Dec 8, 2022
Sold by
Vrmtg Asset Trust
Bought by
Gavrilos Nickolas E
Seller's Agent
Eric Egeland
GenStone Realty
Buyer's Agent
Anthony Macias
Adonis Realty LLC
List Price
$494,900
Sold Price
$494,900
Total Days on Market
36
Views
43
Current Estimated Value
$720,954

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$226,054
Avg. Annual Appreciation
17.77%
Original Mortgage
$395,920
Interest Rate
8.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 18, 2022
Sold by
Sheriff Of Lake County
Bought by
Vrmtg Asset Trust

Purchase Details

Closed on
Oct 9, 2014
Sold by
Candelora Mary
Bought by
The 23835 Echo Lake Trust

Purchase Details

Closed on
Feb 8, 2012
Sold by
Varga Pina and Trust #1
Bought by
Candelora Mary

Purchase Details

Closed on
May 5, 2009
Sold by
Candelora Mary
Bought by
Varga Pina and Trust #1

Purchase Details

Closed on
Aug 28, 2006
Sold by
Vazquez Maria
Bought by
Candelora Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
6.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 10, 2005
Sold by
Vazquez Maria
Bought by
Vazquez Maria

Purchase Details

Closed on
Apr 5, 2004
Sold by
Kininmonth George L and Corcoran Noreen
Bought by
Vazquez Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
8.7%
Mortgage Type
Purchase Money Mortgage

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
Gavrilos Nickolas E $494,900 --
Vrmtg Asset Trust -- Codilis & Associates Pc
The 23835 Echo Lake Trust -- None Available
Candelora Mary -- None Available
Varga Pina -- None Available
Candelora Mary $420,000 Ticor
Vazquez Maria -- --
Vitale Anthony F -- --
Vazquez Maria $390,000 Stewart Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gavrilos Nickolas E $495,200
Previous Owner Gavrilos Nickolas E $395,920
Previous Owner Candelora Mary $405,000
Previous Owner Candelora Mary $135,000
Previous Owner Candelora Mary $336,000
Previous Owner Vazquez Maria D $420,000
Previous Owner Vazquez Maria $390,000
Previous Owner Kininmouth George L $372,000
Previous Owner Kinimonth George L $340,000
Previous Owner Kinimonth George L $245,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/17/2023 01/17/23 Sold $494,900 0.0% $114 / Sq Ft
12/02/2022 12/02/22 Pending -- -- --
11/28/2022 11/28/22 For Sale $494,900 0.0% $114 / Sq Ft
11/04/2022 11/04/22 Pending -- -- --
10/26/2022 10/26/22 For Sale $494,900 -- $114 / 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
2023 $15,580 $214,595 $30,893 $183,702
2022 $15,580 $217,852 $31,446 $186,406
2021 $15,085 $212,269 $30,640 $181,629
2020 $14,585 $212,269 $30,640 $181,629
2019 $14,580 $210,418 $30,373 $180,045
2018 $12,200 $179,696 $32,674 $147,022
2017 $12,100 $177,530 $32,280 $145,250
2016 $12,048 $171,909 $31,258 $140,651
2015 $11,761 $163,738 $29,772 $133,966
2014 $9,853 $158,961 $38,376 $120,585
2012 $10,077 $159,296 $38,457 $120,839
Source: Public Records

Agents Affiliated with this Home

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Source: Midwest Real Estate Data (MRED)

MLS Number: 11660480

Midwest Real Estate Data (MRED)

APN: 14-17-200-038