NOT LISTED FOR SALE

314 Fairlawn Dr Round Lake Park, IL 60073

Estimated Value: $158,000 - $209,527

3 Beds
1 Bath
953 Sq Ft
$195/Sq Ft Est. Value

Last Sold March 17, 2023

Last sale price $72,500 $76 Per Sq Ft

Est. 156% increase in value since last sale

Current estimated payment $1,375/month

50 Days on Market

Highlights

  • Cape Cod Architecture
  • Living Room
  • Forced Air Heating and Cooling System
  • 1 Car Detached Garage
  • Laundry Room
  • Dining Room

About This Home

As of March 2023

***MULTIPLE OFFERS RECEIVED. HIGHEST & BEST OFFERS REQUESTED***EXCELLENT OPPORTUNITY FOR 3 BEDROOM 1 BATH CAPE COD IN ROUND LAKE PARK. UNFINISHED BASEMENT. 1 CAR DETACHED GARAGE. FANTASTIC LOCATION JUST BLOCKS TO BENGSON PARK BEACH/LAKE. CLOSE PROXIMITY TO PARKS, SCHOOLS, RETAIL, AND DINING. VACANT AND EASY TO SHOW!

Last Agent to Sell the Property

Eric Egeland

GenStone Realty License #471008764 Listed on: 12/24/2022

Last Buyer's Agent

Rick Sonshine

GenStone Realty License #475193567

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,920

Year Built

  • Built in 1945

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 40x125

Parking

  • 1 Car Detached Garage
  • Driveway
  • Parking Included in Price

Home Design

  • Cape Cod Architecture
  • Vinyl Siding

Interior Spaces

  • 953 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Dining Room
  • Unfinished Basement
  • Partial Basement
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,920

Year Built

Built in 1945

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • ArchitecturalStyle: Cape Cod
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 1945
  • Age: 71-80 Years
  • 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

Interior Features

  • Basement: Partial
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 3
  • LivingArea: 953
  • Room Type: Other Room
  • Estimated Total Finished Sq Ft: 953
  • Assessed Sq Ft: 1906
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 953
  • Basement Sq Ft: 818
  • Total Sq Ft: 1771
  • Unfinished Basement Sq Ft: 818
  • Main Level Sq Ft: 953
  • ResoLivingAreaSource: Assessor

Exterior Features

  • List Price: 79400
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 1
  • Number of Cars: 1
  • Driveway: Asphalt
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Middle/Junior School District: 116

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.11
  • Lot Dimensions: 40X125
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

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

Tax Info

  • Tax Annual Amount: 3919.66
  • Tax Year: 2021
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 24, 2022
Closed on
Feb 17, 2023
Sold by
Spartan Property Manager Llc
Bought by
Irar Trust
Seller's Agent
Eric Egeland
GenStone Realty
Buyer's Agent
Rick Sonshine
GenStone Realty
List Price
$79,400
Sold Price
$72,500
Premium/Discount to List
-$6,900
-8.69%
Views
839
Current Estimated Value
$185,632

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,132
Avg. Annual Appreciation
45.41%

Purchase Details

Closed on
Apr 27, 2022
Sold by
Sheriff Of Lake County
Bought by
Mkf Properties Manager Llc

Purchase Details

Closed on
Dec 22, 2020
Sold by
Feducik Michal and Mkf Properties Inc
Bought by
Lima One Capital Llc

Purchase Details

Closed on
Oct 13, 2016
Sold by
Mt Homes Llc Series B
Bought by
Mkf Properties Inc

Purchase Details

Closed on
Jul 30, 2010
Sold by
Wells Fargo Bank Na
Bought by
Mt Homes Llc Series B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
4.45%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 16, 2009
Sold by
Robinson Larry L and Case #09 Ch 170
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Apr 26, 2000
Sold by
Brown Christopher P and Brown Lori A
Bought by
Robinson Larry L and Robinson Elaine A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,670
Interest Rate
8.31%
Mortgage Type
VA

Purchase Details

Closed on
Sep 23, 1994
Sold by
Levandowski Louis Alvin and Levandowski Janice M
Bought by
Brown Christopher P and Brown Lori A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,700
Interest Rate
6.87%
Source: Public Records

Range of Values:

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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
Irar Trust -- --
Mkf Properties Manager Llc -- Plunkett Cooney Pc
Lima One Capital Llc -- Attorney
Mkf Properties Inc $72,000 Attorney
Mt Homes Llc Series B $36,000 None Available
Wells Fargo Bank Na -- None Available
Robinson Larry L $89,000 Collar Counties Title Plant
Brown Christopher P $73,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open A Llc And State Development Gr $3,125,000
Previous Owner Mkf Properties Inc $609,700
Previous Owner Mt Homes Llc $2,000,000
Previous Owner Robinson Larry L $175,750
Previous Owner Robinson Larry L $152,500
Previous Owner Robinson Larry L $128,000
Previous Owner Robinson Larry L $96,377
Previous Owner Robinson Larry L $27,850
Previous Owner Robinson Larry L $91,670
Previous Owner Brown Christopher P $65,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/23/2023 03/23/23 Off Market $72,500 -- --
03/17/2023 03/17/23 Sold $72,500 -8.7% $76 / Sq Ft
02/13/2023 02/13/23 Pending -- -- --
12/24/2022 12/24/22 For Sale $79,400 -- $83 / 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 $4,372 $48,346 $8,120 $40,226
2023 $4,372 $42,257 $7,097 $35,160
2022 $4,492 $42,408 $5,385 $37,023
2021 $3,920 $33,363 $5,176 $28,187
2020 $3,782 $31,744 $4,925 $26,819
2019 $3,737 $30,456 $4,725 $25,731
2018 $3,185 $22,475 $6,041 $16,434
2017 $3,090 $21,141 $5,682 $15,459
2016 $2,866 $19,515 $5,245 $14,270
2015 $2,848 $17,829 $4,792 $13,037
2014 $3,696 $23,934 $4,533 $19,401
2012 $2,363 $27,890 $4,735 $23,155
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11691391

Midwest Real Estate Data (MRED)

APN: 06-28-116-019