$525,000
SOLD SEP 12, 2022

41 Lakeview Place Lake Zurich, IL 60047

2 Beds
1 Bath
1,244 Sq Ft
9,583 Sq Ft Lot

Recently Sold

$422 Per Sq Ft

12% Below List Price

7 Days on Market

Highlights

  • Lake Front
  • Deck
  • Bonus Room
  • May Whitney Elementary School Rated A
  • Property is near a park
  • 3-minute walk to Breezewald Park

About This Home

As of April 2023

MULTIPLE OFFERS RECEIVED - HIGHEST AND BEST CALLED FOR BY WEDNESDAY, JULY 27TH AT 4PM. Lakefront in Lake Zurich. Once in a lifetime opportunity to own your own spot on the lake in Lake Zurich, the location offers spectacular sunset views that will take your breath away. Estate sale with current family leaving after 65+ years enjoying the property and everything it has to including dock, views, and 51 feet of water frontage. Located steps from Breezewald Park but tucked in with a private feel - this property is a must see for anyone looking to own lakefront on Lake Zurich. Cottage home on property offers two bedrooms, 1 bath, kitchen with updated cabinetry and a charming breakfast nook and a sleeping porch that is the perfect place to view the water and catch a nap after a day on the water. One car garage, deck, deep lot with idyllic walkway to water and dock. Home needs some updating, i.e. older roof but nothing that is currently causing any issues. Don't miss seeing this one! Additional Pin - 14-20-100-073

Last Agent to Sell the Property

Joseph Gasso

Baird & Warner, Inc. License #475202733 Listed on: 07/21/2022

Baird & Warner, Inc.

Co-Listed By

Judy Bruce

Compass License #475159765

Last Buyer's Agent

Coleen Stevens

@properties Christie's International Real Estate License #475143227

@properties Christie's International Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,277

Year Built

  • Built in 1935

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 195x51
  • Lake Front
  • Additional Parcels

Parking

  • 1 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Frame Construction

Interior Spaces

  • 1,244 Sq Ft Home
  • 2-Story Property
  • Sitting Room
  • Living Room
  • Breakfast Room
  • Dining Room
  • Bonus Room
  • Crawl Space

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Tideland Water Rights
  • Deck
  • Porch

Location

  • Property is near a park

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
  • Community Well

Community Details

  • Lakefront Cottage

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,277

Year Built

Built in 1935

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 1935
  • Age: 81-90 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

  • Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer
  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • LivingArea: 1244
  • Room Type: Breakfast Room, Sitting Room, Bonus Room
  • Estimated Total Finished Sq Ft: 1244
  • Basement Description: Crawl
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 1244
  • Total Sq Ft: 1244
  • Upper Level Sq Ft: 468
  • Main Level Sq Ft: 776
  • ResoLivingAreaSource: Estimated

Exterior Features

  • ExteriorFeatures: Deck, Porch
  • List Price: 599000
  • Lot Features: Lake Front, Water Rights
  • Waterfront: Yes
  • Exterior Building Type: Frame

Garage/Parking

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

Utilities

  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heating: Natural Gas, Forced Air
  • Water Source: Community Well

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Park, Water Rights
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

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

  • Additional Parcels: Yes
  • Lot Size Acres: 0.22
  • Lot Dimensions: 195X51
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 2

Tax Info

  • Tax Annual Amount: 5276.78
  • Tax Year: 2021
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2023
Closed on
Jun 9, 2023
Sold by
Mccoy Patrick
Bought by
Nancy A Mccoy 2012 Living Trust and Mccoy
Seller's Agent
Melanie Everett
Compass
Buyer's Agent
Jaki Harding
Berkshire Hathaway HomeServices Starck Real Estate
List Price
$545,000
Sold Price
$530,000
Premium/Discount to List
-$15,000
-2.75%
Current Estimated Value
$627,762

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,762
Avg. Annual Appreciation
1.32%

Purchase Details

Listed on
Mar 8, 2023
Closed on
Apr 10, 2023
Sold by
Moffett Donald L and Moffett Carrieann C
Bought by
Mccoy Patrick
Seller's Agent
Melanie Everett
Compass
Buyer's Agent
Jaki Harding
Berkshire Hathaway HomeServices Starck Real Estate
List Price
$545,000
Sold Price
$530,000
Premium/Discount to List
-$15,000
-2.75%

Purchase Details

Listed on
Jul 21, 2022
Closed on
Aug 18, 2022
Sold by
Trust Number 60050101
Bought by
Moffett Donald L and Moffett Carrieann C
Seller's Agent
Joseph Gasso
Baird & Warner, Inc.
Buyer's Agent
Coleen Stevens
@properties Christie's International Real Estate
List Price
$599,000
Sold Price
$525,000
Premium/Discount to List
-$74,000
-12.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.65%
Original Mortgage
$498,750
Interest Rate
6.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 1, 2010
Sold by
Home Carol Y
Bought by
Johnson Carol Mary

Purchase Details

Closed on
Apr 17, 1998
Sold by
Johnson Carol Mary
Bought by
American National Bk & Tr Co Of Chicago and Trust #60050101
Source: Public Records

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Range of Values:

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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
Quit Claim Deed -- None Listed On Document
Warranty Deed $530,000 None Listed On Document
Deed $525,000 First American Title
Deed -- None Available
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,565,000 Construction
Closed $2,565,000 Construction
Previous Owner $498,750 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/11/2023 04/11/23 Sold $530,000 0.0% $426 / Sq Ft
03/08/2023 03/08/23 Off Market $530,000 -- --
03/08/2023 03/08/23 For Sale $545,000 +3.8% $438 / Sq Ft
09/12/2022 09/12/22 Sold $525,000 -12.4% $422 / Sq Ft
07/29/2022 07/29/22 Pending -- -- --
07/21/2022 07/21/22 For Sale $599,000 -- $482 / 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 $4,595 $40,026 $40,026 --
2023 $4,595 $66,414 $38,951 $27,463
2022 $5,482 $80,586 $35,236 $45,350
2021 $5,277 $78,521 $34,333 $44,188
2020 $5,182 $78,521 $34,333 $44,188
2019 $5,105 $77,837 $34,034 $43,803
2018 $5,238 $74,931 $32,284 $42,647
2017 $5,201 $74,028 $31,895 $42,133
2016 $5,092 $71,684 $30,885 $40,799
2015 $5,010 $68,277 $29,417 $38,860
2014 $5,033 $69,380 $29,892 $39,488
2012 $4,793 $68,003 $29,956 $38,047
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11462182

Midwest Real Estate Data (MRED)

APN: 14-20-101-004