NOT LISTED FOR SALE

407 E Lake Ave Round Lake, IL 60073

Estimated Value: $188,000 - $235,000

2 Beds
1 Bath
627 Sq Ft
$333/Sq Ft Est. Value

Last Sold June 27, 2024

Last sale price $195,000 $311 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $1,499/month

13 Days on Market

Highlights

  • Water Views
  • Community Lake
  • Vaulted Ceiling
  • Grayslake North High School Rated A
  • Deck
  • Whirlpool Bathtub

About This Home

As of June 2024

Excellent lake view location - Enjoy the lake view from this lovely home and enjoy lake rights! This adorable ranch will take your heart away. Only 3 doors away from the lake and private beach. Open floor plan with bay window in living room which is enhanced by brand new flooring! Window box over the kitchen double sink with a vaulted ceiling and two skylights, plus a big pantry closet. Breakfast bar and there's room for a table, too. Newer roof and gutters, newer furnace and water heater and this very well maintained home which has been painted in and professionally cleaned - all you need to do is move in - immediate availability! Off the kitchen and outside enjoy the rear deck, which offers lake views and the large 1.5 car detached garage. There is even a 2nd driveway for plenty of guest parking, a boat or other water toys. Grayslake School District. Just in time for warm weather fun swimming, fishing and boating. Close to Metra and shopping. Live here and make it a wonderful life! Also makes a great rental for an investor!

Last Agent to Sell the Property

Paul Baker

Platinum Partners Realtors License #475122211 Listed on: 05/20/2024

Platinum Partners Realtors

Co-Listed By

Jodee Baker

Platinum Partners Realtors License #475140611

Last Buyer's Agent

Lisa Rabe

Agentcy License #475166289

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,844

Year Built

  • Built in 1953 | Remodeled in 2023

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 50x107
  • Corner Lot
  • Paved or Partially Paved Lot

Parking

  • 1.5 Car Detached Garage
  • Garage Door Opener
  • Driveway
  • Parking Included in Price

Home Design

  • Cottage
  • Brick Foundation
  • Asphalt Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 627 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Skylights
  • Laminate Flooring
  • Water Views

Kitchen

  • Range
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • Bathroom on Main Level
  • 1 Full Bathroom
  • Whirlpool Bathtub

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Basement

  • Sump Pump
  • Crawl Space

Home Security

  • Storm Screens
  • Carbon Monoxide Detectors

Outdoor Features

  • Deck

Schools

  • Frederick Elementary School
  • Grayslake Middle School
  • Grayslake North High School

Utilities

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

Community Details

  • Edwards Subdivision
  • Community Lake

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,844

Year Built

Built in 1953 | Remodeled in 2023

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple
  • ArchitecturalStyle: Cottage
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Subdivision Name: Edwards
  • Year Built: 1953
  • Age: 71-80 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2023
  • New Construction Y/N: No
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2023

Interior Features

  • Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer, Stainless Steel Appliance(s)
  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Vaulted/Cathedral Ceilings, Skylight(s), Wood Laminate Floors, First Floor Bedroom, First Floor Laundry, First Floor Full Bath
  • LivingArea: 627
  • Other Equipment: CO Detectors, Sump Pump
  • Room Type: Deck
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Crawl
  • Bathroom Amenities: Whirlpool
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • ExteriorFeatures: Deck, Storms/Screens
  • Foundation Details: Brick/Mortar, Concrete Perimeter
  • Lot Features: Corner Lot, Water View
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 1.5
  • ParkingTotal: 1.5
  • Driveway: Asphalt
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heating: Natural Gas, Forced Air
  • Laundry Features: Gas Dryer Hookup, In Unit
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

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

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Frederick School
  • High School: Grayslake North High School
  • Middle/Junior School: Grayslake Middle School

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.12
  • Lot Dimensions: 50X107
  • Rural (Y/N): N
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N
  • Zero Lot Line: No

Rental Info

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

Tax Info

  • Tax Annual Amount: 4844
  • Tax Year: 2023
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2024
Closed on
Jun 27, 2024
Sold by
Greig Heather
Bought by
Lugo Brian W and Jlugo Ramona
Seller's Agent
Paul Baker
Platinum Partners Realtors
Buyer's Agent
Lisa Rabe
Agentcy
List Price
$185,000
Sold Price
$195,000
Premium/Discount to List
$10,000
5.41%
Views
66
Current Estimated Value
$209,004

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,004
Avg. Annual Appreciation
4.80%
Original Mortgage
$7,500
Outstanding Balance
$4,007
Interest Rate
0.3%
Mortgage Type
New Conventional
Estimated Equity
$204,997

Purchase Details

Listed on
Apr 11, 2023
Closed on
May 18, 2023
Sold by
Prabhu Shweta
Bought by
Greig Heather
Seller's Agent
Kumaran Ayyakutti
Sky High Real Estate Inc.
Buyer's Agent
Paul Baker
Platinum Partners Realtors
List Price
$155,900
Sold Price
$172,500
Premium/Discount to List
$16,600
10.65%
Views
189

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.26%
Original Mortgage
$136,000
Interest Rate
5.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 27, 2021
Sold by
Exeliq Consulting Inc
Bought by
Prabhu Shweta

Purchase Details

Listed on
Jun 30, 2020
Closed on
Jul 22, 2020
Sold by
Bregenzer Anthony and Bregenzer Melanie
Bought by
Exeliq Consulting Inc
Seller's Agent
Cheryl Mecher
Results Realty USA
Buyer's Agent
Kumaran Ayyakutti
Sky High Real Estate Inc.
List Price
$95,500
Sold Price
$96,000
Premium/Discount to List
$500
0.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.44%

Purchase Details

Closed on
May 20, 2005
Sold by
Fifth Third Mortgage Co
Bought by
Bregenzer Anthony and Bregenzer Melanie

Purchase Details

Closed on
Mar 23, 2005
Sold by
Alonso
Bought by
Fifth Third Mortgage Co

Purchase Details

Closed on
Aug 29, 2003
Sold by
Castaneda Luisa
Bought by
Alonso Leonel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 28, 2002
Sold by
Copeland William and Copeland Deze
Bought by
Castaneda Luisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
9.45%

Purchase Details

Closed on
Jun 20, 1997
Sold by
Robertson Glenn J
Bought by
Copeland William and Copeland Deze

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,250
Interest Rate
8.01%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lugo Brian W $195,000 Chicago Title
Greig Heather $172,500 First American Title
Prabhu Shweta -- None Available
Exeliq Consulting Inc $96,000 Fidelity National Title
Bregenzer Anthony $112,000 Chicago Title Insurance Co
Fifth Third Mortgage Co -- --
Alonso Leonel $110,000 --
Castaneda Luisa $87,500 Chicago Title Insurance Co
Copeland William $40,000 Attorneys Natl Title Network
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lugo Brian W $7,500
Open Lugo Brian W $189,150
Previous Owner Greig Heather $136,000
Previous Owner Alonso Leonel $110,000
Previous Owner Castaneda Luisa $70,000
Previous Owner Copeland William $73,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/27/2024 06/27/24 Sold $195,000 +5.4% $311 / Sq Ft
05/23/2024 05/23/24 Pending -- -- --
05/09/2024 05/09/24 For Sale $185,000 0.0% $295 / Sq Ft
09/07/2023 09/07/23 Rented $1,600 +6.7% --
09/01/2023 09/01/23 Under Contract -- -- --
08/31/2023 08/31/23 For Rent $1,500 0.0% --
06/06/2023 06/06/23 Sold $172,500 +10.6% $279 / Sq Ft View Prior Sale
04/16/2023 04/16/23 Pending -- -- --
04/11/2023 04/11/23 For Sale $155,900 +62.4% $252 / Sq Ft
07/22/2020 07/22/20 Sold $96,000 +0.5% $155 / Sq Ft View Prior Sale
07/02/2020 07/02/20 Pending -- -- --
06/30/2020 06/30/20 For Sale $95,500 -- $155 / 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 $4,845 $45,319 $9,762 $35,557
2023 $4,666 $39,611 $8,532 $31,079
2022 $4,666 $37,329 $7,518 $29,811
2021 $4,564 $35,210 $7,227 $27,983
2020 $4,588 $33,501 $6,876 $26,625
2019 $4,433 $32,141 $6,597 $25,544
2018 $3,570 $25,484 $6,418 $19,066
2017 $3,547 $23,971 $6,037 $17,934
2016 $3,419 $22,128 $5,573 $16,555
2015 $3,353 $20,215 $5,091 $15,124
2014 $3,055 $18,512 $4,803 $13,709
2012 $3,560 $23,127 $5,016 $18,111
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12051546

Midwest Real Estate Data (MRED)

APN: 06-21-201-025