$184,000
SOLD APR 6, 2016

35 Terrace Ln Unit D Lake Zurich, IL 60047

2 Beds
3 Baths
1,128 Sq Ft
$250/mo HOA Fee

Recently Sold

$163 Per Sq Ft

10% Below List Price

191 Days on Market

Highlights

  • Vaulted Ceiling
  • Main Floor Bedroom
  • Skylights
  • May Whitney Elementary School Rated A
  • Walk-In Pantry
  • Attached Garage

About This Home

As of July 2018

BEAUTIFUL 2 BEDROOM/2.5 BATH TOWNHOME IN LOVELY TERRACE LANE. UPDATED KITCHEN AND BATHS. STAINLESS STEEL APPLIANCES, GRANITE TOPS,WASHER AND DRYER, NEW CARPET THROUGHOUT. FIREPLACE IN LIVING ROOM. PRIVATE PATIO.EACH BEDROOM HAS IT'S OWN FULL BATHROOM. NEW WINDOWS THROUGHOUT, FINISHED BASEMENT CAN BE USED AS OFFICE, FAMILY ROOM, OR THIRD BEDROOM IT HADS A CLOSET. AMAZING LOCATION CLOSE TO SHOPPING, PARK, AND LAKE! COME AND SEE TODAY! DONE TO PERFECTION

Last Agent to Sell the Property

Pina Varga

Re/Max United Listed on: 08/24/2015

Last Buyer's Agent

Glenn Brezka

Aria Properties, LLC License #471016261

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,537

Year Built

  • 1990

HOA Fees

  • $250 per month

Parking

  • Attached Garage
  • Driveway
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Asphalt Shingled Roof

Interior Spaces

  • Vaulted Ceiling
  • Skylights
  • Wood Burning Fireplace
  • Gas Log Fireplace
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Washer and Dryer Hookup

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Primary Bathroom is a Full Bathroom

Outdoor Features

  • Patio

Utilities

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

Listing and Financial Details

  • Homeowner Tax Exemptions
  • $4,000 Seller Concession

Community Details

Amenities

  • Common Area

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,537

Year Built

1990

Lot Details

0

HOA Fees

$250 per month

Parking

1

Listing Details

  • Property Type: Attached Single
  • General Information: School Bus Service
  • Recent Rehab: Yes
  • Unit Floor Level: 1
  • Age: 21-25 Years
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Number Interior Fireplaces: 1
  • Ownership: Condo
  • Total Full or Half Bathrooms: 2.1
  • Estimated Year Built: 1990
  • Tax Exemptions: Homeowner
  • Type Attached: Townhouse-Ranch
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2
  • Year Built: 1990

Interior Features

  • Interior Property Features: Vaulted/Cathedral Ceilings, Skylight(s), 1st Floor Bedroom, Laundry Hook-Up in Unit
  • Number Of Rooms: 5
  • Living Room: Dimensions: 25X13, On Level: Main Level, Flooring: Carpet
  • Appliances: Oven/Range, Dishwasher, Refrigerator
  • Equipment: Fire Sprinklers, CO Detectors, Ceiling Fan, Sump Pump
  • Fireplace Details: Wood Burning, Gas Logs
  • Fireplace Location: Living Room
  • Basement: Full
  • Basement: Finished
  • Bedrooms All Levels: 2
  • Primary Bedroom Bath: Full
  • Above Grade Bedrooms: 2
  • Kitchen Type: Dimensions: 17X13, On Level: Main Level, Flooring: Ceramic Tile
  • Kitchen Type: Eating Area-Table Space, Pantry-Closet
  • Additional Rooms: No additional rooms
  • Master Bedroom: Dimensions: 16X12, On Level: 2nd Level, Flooring: Carpet
  • Bedroom 2: Dimensions: 16X12, On Level: 2nd Level, Flooring: Ceramic Tile
  • Estimated Sq Ft: 1128
  • Family Room: Dimensions: 18X17, On Level: Basement, Flooring: Carpet

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick
  • Roof Type: Asphalt/Glass (Shingles)
  • Exterior Property Features: Patio

Garage/Parking

  • Number of Cars: 1
  • Parking: Garage
  • Garage Type: Attached
  • Garage On Site: Yes
  • Number Garage Spaces: 1
  • Driveway: Asphalt
  • Parking Included In Price: Yes

Utilities

  • Electricity: Circuit Breakers
  • Air Conditioner: Central Air
  • Water: Public
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air

Condo/Co-op/Association

  • Max Pet Weight: 999
  • Pets Allowed: Yes
  • Fee Frequency: Monthly
  • Management: Self-Management
  • Pet Information: Cats OK, Dogs OK
  • Assessment Includes: Common Insurance, Lawn Care, Scavenger, Snow Removal
  • Assessment Association Fees: 250
  • Management Contact Name: Isabelle
  • Management Phone: 847-609-6683

Fee Information

  • Management Company: Terrace Lane Townhome Association

Schools

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

Lot Info

  • Lot Dimensions: COMMON GROUND
  • Lot Description: Common Grounds
  • Parcel Identification Number: 14203040290000

Multi Family

  • Total Number Unitsin Building: 4
  • Number Stories: 2

Tax Info

  • Taxes: 4348

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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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 Type Sale Price Title Company
Warranty Deed $207,500 First American Title
Warranty Deed $184,000 First American Title
Special Warranty Deed -- First American Title Ins Co
Sheriffs Deed -- None Available
Warranty Deed $200,000 --
Interfamily Deed Transfer -- --
Warranty Deed $138,000 Greater Illinois Title Compa
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $155,000 New Conventional
Previous Owner $174,800 New Conventional
Previous Owner $92,000 Unknown
Previous Owner $196,762 FHA
Previous Owner $80,000 No Value Available
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: MRD09021132

Midwest Real Estate Data (MRED)

APN: 14-20-304-029