NOT LISTED FOR SALE

37 Terrace Ln Unit C Lake Zurich, IL 60047

Estimated Value: $306,000 - $325,000

2 Beds
2.5 Baths
1,312 Sq Ft
$239/Sq Ft Est. Value

Last Sold January 08, 2024

Last sale price $273,000 $208 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $2,345/month

33 Days on Market

Highlights

  • 1 Car Attached Garage
  • Patio
  • Forced Air Heating and Cooling System
  • May Whitney Elementary School Rated A
  • Resident Manager or Management On Site
  • Combination Dining and Living Room

About This Home

As of January 2024

Nestled in the charming community of Lake Zurich, this exquisite 2-bedroom, 2.1-bathroom townhouse offers a rare opportunity. Step inside to find a warm and inviting living area, the well-appointed and recently remodeled kitchen features modern appliances and ample counter space, making meal preparation a breeze. Plenty of space for a large table. Living room offers newly refinished hardwood floors. Half bathroom on the main floor is stylish and unique. The townhouse offers two generously sized bedrooms with plenty of light, providing comfort and privacy. Both bedrooms offer ensuite bathrooms for added convenience. One bathroom has new tile and new vanity. Enjoy your morning coffee or evening relaxation on the private outdoor patio, offering a peaceful space to unwind.

Last Agent to Sell the Property

Nina Bahlova

Dream to Realty License #471019177 Listed on: 11/03/2023

Last Buyer's Agent

Jacqueline Gray

Berkshire Hathaway HomeServices Starck Real Estate

Berkshire Hathaway HomeServices Starck Real Estate

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,123

Year Built

  • Built in 1990

Lot Details

  • 1,307

HOA Fees

  • $265 Monthly HOA Fees

Parking

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

Home Design

  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,312 Sq Ft Home
  • 2-Story Property
  • Combination Dining and Living Room
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • High End Refrigerator
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • Dual Sinks

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Patio

Schools

  • May Whitney Elementary School
  • Lake Zurich High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • 100 Amp Service
  • Lake Michigan Water

Community Details

Overview

  • Association fees include exterior maintenance, lawn care, snow removal
  • 4 Units
  • Penny Claiborne Association
  • Property managed by Terrace Lane Townhouse Association

Pet Policy

  • Pets up to 30 lbs
  • Dogs and Cats Allowed

Additional Features

  • Common Area
  • Resident Manager or Management On Site

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,123

Year Built

Built in 1990

Lot Details

0

HOA Fees

$265 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
  • Year Built: 1990
  • Age: 31-40 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): No
  • Unit Floor Level: 1
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 2

Interior Features

  • Appliances: Range, Dishwasher, High End Refrigerator, Washer, Dryer
  • Basement: Full
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 2
  • LivingArea: 1312
  • Room Type: No additional rooms
  • Stories Total: 2
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Partially Finished
  • Bathroom Amenities: Double Sink
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Assessor

Exterior Features

  • ExteriorFeatures: Patio
  • Foundation Details: Concrete Perimeter
  • List Price: 282500
  • Lot Features: Common Grounds
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick,Cedar

Garage/Parking

  • Garage Spaces: 1
  • ParkingTotal: 1
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: 100 Amp Service
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 265
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Terrace Lane Townhouse Association
  • Management Contact Name: Penny Claiborne
  • Management Phone: 000-000-0000
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Exterior Maintenance, Lawn Care, Snow Removal

Schools

  • Elementary School: May Whitney Elementary School
  • High School: Lake Zurich High School
  • Middle/Junior School: May Whitney Elementary School
  • Middle/Junior School District: 95

Lot Info

  • Lot Dimensions: COMMON
  • Special Assessments: N

Rental Info

  • Board Number: 2
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 30

Tax Info

  • Tax Annual Amount: 4122.9
  • Tax Year: 2022

Multi Family

  • Units in Building: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 3, 2023
Closed on
Jan 8, 2024
Sold by
Yordanov Ivaylo and Yordanov Miglena M
Bought by
Chairez Mario
Seller's Agent
Nina Bahlova
Dream to Realty
Buyer's Agent
Jacqueline Gray
Berkshire Hathaway HomeServices Starck Real Estate
List Price
$294,900
Sold Price
$273,000
Premium/Discount to List
-$21,900
-7.43%
Views
276
Current Estimated Value
$313,910

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,910
Avg. Annual Appreciation
9.09%
Original Mortgage
$245,700
Outstanding Balance
$242,019
Interest Rate
6.53%
Mortgage Type
New Conventional
Estimated Equity
$67,707

Purchase Details

Closed on
Jun 4, 2019
Sold by
Badowski Mark
Bought by
Yordanov Ivaylo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,225
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 28, 2003
Sold by
Tanikowska Margaret
Bought by
Badowski Mark

Purchase Details

Closed on
Apr 14, 2002
Sold by
Davito Joseph D and Davito Jill A
Bought by
Badowski Mark and Tanikowska Margaret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,900
Interest Rate
7.07%
Source: Public Records

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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
Chairez Mario $273,000 None Listed On Document
Yordanov Ivaylo $164,500 Altima Title Llc
Badowski Mark -- --
Badowski Mark $171,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chairez Mario $245,700
Previous Owner Yordanov Ivaylo $161,225
Previous Owner Badowski Mark $36,145
Previous Owner Badowski Mark $11,240
Previous Owner Badowski Mark $166,000
Previous Owner Badowski Mark $162,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/08/2024 01/08/24 Sold $273,000 -3.4% $208 / Sq Ft
12/07/2023 12/07/23 Pending -- -- --
11/24/2023 11/24/23 Price Changed $282,500 -1.7% $215 / Sq Ft
11/16/2023 11/16/23 Price Changed $287,500 -2.5% $219 / Sq Ft
11/03/2023 11/03/23 For Sale $294,900 -- $225 / 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 $4,056 $66,704 $13,850 $52,854
2023 $4,123 $59,552 $12,365 $47,187
2022 $4,123 $58,334 $12,127 $46,207
2021 $3,973 $56,839 $11,816 $45,023
2020 $3,901 $56,839 $11,816 $45,023
2019 $4,294 $56,343 $11,713 $44,630
2018 $4,003 $52,642 $12,600 $40,042
2017 $3,976 $52,007 $12,448 $39,559
2016 $3,904 $50,360 $12,054 $38,306
2015 $3,376 $47,966 $11,481 $36,485
2014 $4,229 $57,984 $14,655 $43,329
2012 $4,030 $58,106 $14,686 $43,420
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11923759

Midwest Real Estate Data (MRED)

APN: 14-20-304-048