NOT LISTED FOR SALE

35 Terrace Ln Unit D Lake Zurich, IL 60047

Estimated Value: $293,000 - $361,000

2 Beds
2.5 Baths
1,348 Sq Ft
$234/Sq Ft Est. Value

Last Sold July 25, 2018

Last sale price $207,500 $154 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $2,314/month

6 Days on Market

Highlights

  • Vaulted Ceiling
  • Main Floor Bedroom
  • 1 Car Attached Garage
  • May Whitney Elementary School Rated A
  • Skylights
  • Patio

About This Home

As of July 2018

MOVE-IN CONDITION!!! BEAUTIFUL & SPACIOUS TWO BEDROOM / 2 1/2 BATH, 2 STORY TOWN HOME IN THE LOVELY & SECLUDED TERRACE LANE. SUPER, BRIGHT UPDATED KITCHEN AND BATHS. GRANITE COUNTER TOPS, STAINLESS STEEL APPLIANCES, DEDICATED EATING AREA! NEWR & NEUTRAL CARPET THROUGH-OUT. SKYLIGHTS. GAS START FIREPLACE COMPLIMENTS THE LIVING ROOM. OUTDOOR PATIO ENTERTAINING. EACH BEDROOM HAS IT'S OWN FULL PRIVATE BATH. NEWR WINDOWS THROUGH-OUT TOO!!! FINISHED BASEMENT CAN BE USED AS OFFICE, FAMILY ROOM, OR THIRD BEDROOM. OPEN & BRIGHT LAUNDRY ROOM COMPLETE W/ WASHER/DRYER. AMAZING LOCATION CLOSE TO SHOPPING, PARK, AND LAKE! COME AND SEE TODAY! DONE TO PERFECTION. NEW ROOF 2016. EXTERIOR PAINTING THIS YEAR!!!

Last Agent to Sell the Property

Glenn Brezka

Aria Properties, LLC License #471016261 Listed on: 04/19/2018

Last Buyer's Agent

Susan Thiess

Baird & Warner License #475143010

Baird & Warner

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,348

Year Built

  • Built in 1990 | Remodeled in 2016

Lot Details

  • 1,307

HOA Fees

  • $260 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • Driveway
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,348 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Wood Burning Fireplace
  • Gas Log Fireplace
  • Family Room
  • Living Room with Fireplace

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • Main Floor Bedroom

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Home Security

Outdoor Features

  • Patio

Schools

  • May Whitney Elementary School
  • Lake Zurich Middle - N Campus
  • Lake Zurich High School

Utilities

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

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include insurance, lawn care, scavenger, snow removal
  • 4 Units
  • Isabelle Association, Phone Number (847) 609-6683
  • Terrace Lane Subdivision
  • Property managed by Terrace Lane Townhome Association

Amenities

  • Common Area

Pet Policy

  • Dogs and Cats Allowed

Security

  • Carbon Monoxide Detectors
  • Fire Sprinkler System

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,348

Year Built

Built in 1990 | Remodeled in 2016

Lot Details

0

HOA Fees

$260 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Townhouse-2 Story
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Townhouse-2 Story
  • Subdivision Name: TERRACE LANE
  • Year Built: 1990
  • Age: 26-30 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Unit Floor Level: 1
  • Rehab Year: 2016
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 2
  • Year Renovated: 2016

Interior Features

  • Appliances: Range, Dishwasher, Refrigerator
  • Basement: Full
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 2
  • Fireplace Features: Wood Burning, Gas Log
  • Fireplaces: 1
  • Interior Amenities: Vaulted/Cathedral Ceilings, Skylight(s), First Floor Bedroom, Laundry Hook-Up in Unit
  • LivingArea: 1348
  • Other Equipment: Fire Sprinklers, CO Detectors, Ceiling Fan(s), Sump Pump
  • Room Type: No additional rooms
  • Stories Total: 2
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Fireplace Location: Living Room

Exterior Features

  • ExteriorFeatures: Patio
  • Foundation Details: Concrete Perimeter
  • List Price: 214900
  • Lot Features: Common Grounds
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 1
  • Number of Cars: 1
  • Driveway: Asphalt
  • Garage Details: Garage Door Opener(s)
  • 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
  • Water Source: Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 260
  • Association Amenities: None
  • Association Fee Frequency: Monthly
  • Management: Self-Management
  • Master Association Fee: No
  • Management Company: Terrace Lane Townhome Association
  • Management Contact Name: Isabelle
  • Management Phone: 847-609-6683
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Insurance, Lawn Care, Scavenger, Snow Removal

Schools

  • Elementary School: MAY WHITNEY ELEMENTARY SCHOOL
  • High School: LAKE ZURICH HIGH SCHOOL
  • Middle/Junior School: LAKE ZURICH MIDDLE - N CAMPUS
  • Middle/Junior School District: 95

Lot Info

  • Lot Dimensions: COMMON GROUND
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 4348
  • Tax Year: 2017
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2018
Closed on
Jul 9, 2018
Sold by
Munoz Elishael and Munoz Cesia
Bought by
Smerchek Robert T and Smerchek Margaret
Seller's Agent
Glenn Brezka
Aria Properties, LLC
Buyer's Agent
Susan Thiess
Baird & Warner
List Price
$219,900
Sold Price
$207,500
Premium/Discount to List
-$12,400
-5.64%
Current Estimated Value
$315,992

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,492
Avg. Annual Appreciation
6.03%
Original Mortgage
$155,000
Outstanding Balance
$134,687
Interest Rate
4.62%
Mortgage Type
New Conventional
Estimated Equity
$181,305

Purchase Details

Listed on
Aug 24, 2015
Closed on
Apr 6, 2016
Sold by
Varga Tibor and Varga Josephine
Bought by
Munoz Elishael and Munoz Cesia
Seller's Agent
Pina Varga
Re/Max United
Buyer's Agent
Glenn Brezka
Aria Properties, LLC
List Price
$205,000
Sold Price
$184,000
Premium/Discount to List
-$21,000
-10.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.36%
Original Mortgage
$174,800
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 5, 2014
Closed on
Apr 13, 2015
Sold by
Secretary Of Housing & Urban Development
Bought by
Varga Tibor and Varga Josephine
Seller's Agent
Frank Rusin
Four Seasons Realty, Inc.
Buyer's Agent
Pina Varga
Re/Max United
List Price
$159,700
Sold Price
$123,000
Premium/Discount to List
-$36,700
-22.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
50.83%
Original Mortgage
$92,000
Interest Rate
6%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 13, 2014
Sold by
Amsberry Edward C
Bought by
Secretary Of Housing & Urban Development

Purchase Details

Closed on
Dec 28, 2004
Sold by
Korpieski David B and Lohman Kathleen M
Bought by
Amsberry Edward C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,762
Interest Rate
5.9%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 25, 2003
Sold by
Lohman Kathleen M
Bought by
Korpieski David B and Lohman Kathleen M

Purchase Details

Closed on
Oct 25, 1999
Sold by
Khorzad Mojgan and Khorzad Michelle M
Bought by
Lohman Kathleen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
8%
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
Smerchek Robert T $207,500 First American Title
Munoz Elishael $184,000 First American Title
Varga Tibor -- First American Title Ins Co
Secretary Of Housing & Urban Development -- None Available
Amsberry Edward C $200,000 --
Korpieski David B -- --
Lohman Kathleen M $138,000 Greater Illinois Title Compa
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smerchek Robert T $155,000
Previous Owner Munoz Elishael $174,800
Previous Owner Varga Tibor $92,000
Previous Owner Amsberry Edward C $196,762
Previous Owner Lohman Kathleen M $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2018 07/25/18 Sold $207,500 -3.4% $154 / Sq Ft
05/14/2018 05/14/18 Price Changed $214,900 -2.3% $159 / Sq Ft
04/23/2018 04/23/18 Pending -- -- --
04/17/2018 04/17/18 For Sale $219,900 +19.5% $163 / Sq Ft
04/06/2016 04/06/16 Sold $184,000 -2.9% $163 / Sq Ft
03/02/2016 03/02/16 Pending -- -- --
01/25/2016 01/25/16 Price Changed $189,500 -1.0% $168 / Sq Ft
12/13/2015 12/13/15 Price Changed $191,500 -1.3% $170 / Sq Ft
10/06/2015 10/06/15 Price Changed $194,000 -2.5% $172 / Sq Ft
09/10/2015 09/10/15 Price Changed $199,000 -2.9% $176 / Sq Ft
08/24/2015 08/24/15 For Sale $205,000 +66.7% $182 / Sq Ft
04/16/2015 04/16/15 Sold $123,000 0.0% $109 / Sq Ft
02/20/2015 02/20/15 Pending -- -- --
02/11/2015 02/11/15 Off Market $123,000 -- --
01/13/2015 01/13/15 For Sale $159,700 +29.8% $142 / Sq Ft
01/07/2015 01/07/15 Off Market $123,000 -- --
12/05/2014 12/05/14 For Sale $159,700 -- $142 / 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 $4,537 $73,553 $13,850 $59,703
2023 $4,595 $65,667 $12,365 $53,302
2022 $4,595 $64,323 $12,127 $52,196
2021 $4,429 $62,674 $11,816 $50,858
2020 $4,349 $62,674 $11,816 $50,858
2019 $4,284 $62,127 $11,713 $50,414
2018 $3,985 $58,442 $12,599 $45,843
2017 $3,956 $57,737 $12,447 $45,290
2016 $4,335 $55,909 $12,053 $43,856
2015 $4,255 $52,895 $11,481 $41,414
2014 $4,904 $66,282 $14,655 $51,627
2012 $4,671 $66,422 $14,686 $51,736
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09921092

Midwest Real Estate Data (MRED)

APN: 14-20-304-029