NOT LISTED FOR SALE

500 W Lancaster Ct Inverness, IL 60010

Estimated Value: $965,000 - $1,255,000

5 Beds
6 Baths
4,292 Sq Ft
$256/Sq Ft Est. Value

Last Sold June 22, 2015

Last sale price $820,000 $191 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $7,222/month

36 Days on Market

Highlights

  • Home Theater
  • Deck
  • Vaulted Ceiling
  • Grove Avenue Elementary School Rated A+
  • Recreation Room
  • Wood Flooring

About This Home

As of June 2015

This Property is Priced to Sell!! Don't Miss Out!! Gorgeous decor & millworks T/O. 2-sty Foyer, Dramatic LR w/ Vault Ceil, Fam Rm w/ flr-to-ceil fireplace & wet bar. 2 Offices. Updated Chef Kit w/ Cust Cabs, Granite & SS Appls. Master Suite w/ Cozy Sitting & Recently Remodeled Lux Bath! Huge Fin Englsh LL w/ Rec Rm, Theater Rm, Exercise Rm/5th BR, Wine cellar & Full Ba. 3 Car Gar. Secluded Cust Deck & Gazebo. 10++

Last Agent to Sell the Property

Van Ann Kim

Compass License #475134633 Listed on: 02/27/2015

Compass

Last Buyer's Agent

Kanti Patel

U S Realty Group Inc. License #471012408

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,697

Year Built

  • 1988

Lot Details

  • Cul-De-Sac
  • Corner Lot

Parking

  • Attached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Brick Driveway
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Wood Shingle Roof
  • Cedar

Interior Spaces

  • Wet Bar
  • Bar Fridge
  • Vaulted Ceiling
  • Skylights
  • Wood Burning Fireplace
  • Gas Log Fireplace
  • Entrance Foyer
  • Breakfast Room
  • Home Theater
  • Home Office
  • Recreation Room
  • Wood Flooring
  • Finished Basement
  • Finished Basement Bathroom

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Butlers Pantry
  • Double Oven
  • Microwave
  • Bar Refrigerator
  • Dishwasher
  • Kitchen Island
  • Trash Compactor
  • Disposal

Bedrooms and Bathrooms

  • Primary Bathroom is a Full Bathroom
  • Bathroom on Main Level
  • Dual Sinks
  • Whirlpool Bathtub
  • Separate Shower

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Deck

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Gas
  • Well
  • Private or Community Septic Tank

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,697

Year Built

1988

Lot Details

0

Parking

3

Listing Details

  • Property Type: Detached Single
  • General Information: School Bus Service
  • Age: 26-30 Years
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Number Interior Fireplaces: 2
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 5.1
  • Type Detached: 2 Stories
  • Estimated Year Built: 1988
  • Tax Exemptions: Homeowner
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1988

Interior Features

  • Interior Property Features: Vaulted/Cathedral Ceilings, Skylight(s), Bar-Wet, Hardwood Floors, 1st Floor Laundry, 1st Floor Full Bath
  • Number Of Rooms: 14
  • Living Room: Dimensions: 30X20, On Level: Main Level, Flooring: Carpet, Windows: Curtains/Drapes
  • Appliances: Oven-Double, Microwave, Dishwasher, Refrigerator, Refrigerator-Bar, Washer, Dryer, Disposal, Compactor-Trash
  • Equipment: Humidifier, Water-Softener Owned, Central Vacuum, Security System, Intercom, Ceiling Fan, Sump Pump
  • Fireplace Details: Wood Burning, Gas Logs, Gas Starter
  • Attic: Unfinished
  • Fireplace Location: Family Room, Living Room
  • Basement: Finished
  • Basement Bathrooms: Yes
  • Bedrooms All Levels: 5
  • Primary Bedroom Bath: Full
  • Bathroom Amenities: Whirlpool, Separate Shower, Double Sink
  • Above Grade Bedrooms: 5
  • Laundry: Dimensions: 9X8, On Level: Main Level, Flooring: Ceramic Tile
  • Dining Room: Dimensions: 16X14, On Level: Main Level, Flooring: Carpet, Windows: Curtains/Drapes
  • Kitchen Type: Dimensions: 15X13, On Level: Main Level, Flooring: Hardwood, Windows: Blinds
  • Kitchen Type: Eating Area-Breakfast Bar, Eating Area-Table Space, Island, Pantry-Butler, Pantry-Closet
  • Additional Rooms: 5th Bedroom, Breakfast Room, Den, Foyer, Office, Recreation Room, Theatre Room
  • Master Bedroom: Dimensions: 20X14, On Level: 2nd Level, Flooring: Carpet, Windows: Curtains/Drapes
  • Additional Room 1 Name: 5th Bdrm, Dimensions: 14X10, On Level: Lower, Flooring: Carpet
  • Additional Room 2 Name: Breakfast Rm, Dimensions: 18X12, On Level: Main Level, Flooring: Hardwood, Windows: Blinds
  • Bedroom 2: Dimensions: 17X13, On Level: 2nd Level, Flooring: Carpet, Windows: Curtains/Drapes
  • Additional Room 3 Name: Den, Dimensions: 13X10, On Level: Main Level, Flooring: Hardwood, Windows: Blinds
  • Bedroom 3: Dimensions: 15X13, On Level: 2nd Level, Flooring: Carpet, Windows: Blinds
  • Additional Room 4 Name: Office, Dimensions: 15X14, On Level: Main Level, Flooring: Carpet, Windows: Blinds
  • Bedroom 4: Dimensions: 13X12, On Level: 2nd Level, Flooring: Carpet, Windows: Blinds
  • Additional Room 5 Name: Recreation Rm, Dimensions: 42X28, On Level: Lower, Flooring: Carpet
  • Additional Room 6 Name: Theater Rm, Dimensions: 21X12, On Level: Lower, Flooring: Carpet
  • Additional Room 7 Name: Foyer, Dimensions: 18X11, On Level: Main Level, Flooring: Hardwood
  • Estimated Sq Ft: 4292
  • Dining Room Type: Separate
  • Family Room: Dimensions: 25X16, On Level: Main Level, Flooring: Carpet, Windows: Blinds

Exterior Features

  • Foundation: Concrete
  • Lot Size: 1.0-1.99 Acres
  • Exterior Building Type: Brick, Cedar
  • Roof Type: Wood Shakes/Shingles
  • Exterior Property Features: Deck
  • Acreage: 1.2

Garage/Parking

  • Number of Cars: 3
  • Parking: Garage
  • Garage Type: Attached
  • Garage Details: Garage Door Opener(s), Transmitter(s)
  • Garage On Site: Yes
  • Number Garage Spaces: 3
  • Driveway: Brick
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

  • Electricity: 200+ Amp Service
  • Air Conditioner: Central Air, Zoned
  • Water: Well-Private
  • Sewer: Septic-Private
  • Heating Fuel: Gas, Forced Air, Zoned

Schools

  • School District: 220
  • Elementary School: GROVE AVENUE ELEMENTARY SCHOOL
  • Middle School: BARRINGTON MIDDLE SCHOOL PRAIRIE
  • High School: BARRINGTON HIGH SCHOOL
  • Junior High Dist: 220

Lot Info

  • Lot Dimensions: 50835
  • Lot Description: Corner, Cul-de-sac
  • Parcel Identification Number: 02073030020000

Tax Info

  • Taxes: 17202

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2015
Closed on
Jun 8, 2015
Sold by
The Chicago Trust Company Na
Bought by
Shah Kaushal N and Randhawa Veenu
Seller's Agent
Van Ann Kim
Compass
Buyer's Agent
Kanti Patel
U S Realty Group Inc.
List Price
$899,000
Sold Price
$820,000
Premium/Discount to List
-$79,000
-8.79%
Current Estimated Value
$1,100,706

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$280,706
Avg. Annual Appreciation
2.54%
Original Mortgage
$656,000
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 4, 2002
Sold by
Huttinger Charles
Bought by
Wayne Hummer Trust Company and Trust #Lft 1681

Purchase Details

Closed on
Jun 7, 1997
Sold by
Behrouz Farhad and Behrouz Nancy R
Bought by
Huttinger Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Interest Rate
7.14%

Purchase Details

Closed on
Jul 6, 1995
Sold by
Meronk Ronald and Meronk Michele
Bought by
Behrouz Farhad and Behrouz Nancy R
Source: Public Records

Range of Values:

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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
Shah Kaushal N $820,000 First American Title
Wayne Hummer Trust Company $850,000 --
Huttinger Charles $660,000 --
Behrouz Farhad $815,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shah Kaushal $548,250
Closed Shah Kaushal N $609,050
Closed Shah Kaushal N $611,000
Previous Owner Shah Kaushal N $656,000
Previous Owner Huttinger Charles $460,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/22/2015 06/22/15 Sold $820,000 -5.2% $191 / Sq Ft
04/04/2015 04/04/15 Pending -- -- --
03/27/2015 03/27/15 Price Changed $864,900 -3.8% $202 / Sq Ft
02/27/2015 02/27/15 For Sale $899,000 -- $209 / 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 $14,697 $62,635 $15,251 $47,384
2023 $15,472 $62,635 $15,251 $47,384
2022 $15,472 $67,025 $15,251 $51,774
2021 $16,293 $62,744 $10,167 $52,577
2020 $16,725 $66,256 $10,167 $56,089
2019 $16,248 $73,131 $10,167 $62,964
2018 $18,613 $80,272 $8,896 $71,376
2017 $18,110 $80,272 $8,896 $71,376
2016 $17,274 $80,272 $8,896 $71,376
2015 $17,053 $73,834 $8,896 $64,938
2014 $16,831 $73,834 $8,896 $64,938
2013 $17,202 $78,856 $8,896 $69,960
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD08847927

Midwest Real Estate Data (MRED)

APN: 02-07-303-002-0000