NOT LISTED FOR SALE

505 Lorraine Ave Waukegan, IL 60085

Lorraine Terrace Neighborhood

Estimated Value: $180,000 - $225,000

3 Beds
1 Bath
748 Sq Ft
$275/Sq Ft Est. Value

About This Home

This home is located at 505 Lorraine Ave, Waukegan, IL 60085 and is currently estimated at $205,603, approximately $274 per square foot. 505 Lorraine Ave is a home located in Lake County with nearby schools including Hyde Park Elementary School, Miguel Juarez Middle School, and Waukegan High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 30, 2022
Sold by
Putz Property Llc
Bought by
Putz Properties Llc
Current Estimated Value
$205,603

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,200,000
Outstanding Balance
$2,936,994
Interest Rate
3.01%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$2,747,063

Purchase Details

Closed on
Mar 18, 2015
Sold by
Deanslake Llc
Bought by
Putzs Property Llc

Purchase Details

Closed on
Feb 24, 2015
Sold by
County Of Lake
Bought by
Deanslake Llc
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

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Average Value
Not Available
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
Putz Properties Llc -- None Listed On Document
Putzs Property Llc $30,000 Stewart Title
Deanslake Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Putz Properties Llc $3,200,000
Previous Owner Putz S Properties Llc $1,392,500
Previous Owner Putzs Properties Llc $648,000
Previous Owner Putzs Properties Llc $110,000
Previous Owner Box Heidrun Lynch $100,000
Previous Owner Box Heidrun Lynch $61,500
Source: Public Records

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 $4,353 $51,562 $8,884 $42,678
2023 $1,821 $46,164 $7,954 $38,210
2022 $3,447 $41,259 $7,250 $34,009
2021 $2,585 $30,792 $6,828 $23,964
2020 $3,252 $28,686 $6,361 $22,325
2019 $3,273 $26,286 $5,829 $20,457
2018 $3,140 $24,289 $6,876 $17,413
2017 $3,057 $21,489 $6,083 $15,406
2016 $2,886 $18,673 $5,286 $13,387
2015 $2,823 $16,713 $4,731 $11,982
2014 $1,548 $19,304 $4,345 $14,959
2012 $2,479 $20,914 $4,707 $16,207
Source: Public Records

Map

Illinois Lake County Waukegan 60085 Lorraine Terrace

505 Lorraine Ave, Waukegan, IL

This home is located at 505 Lorraine Ave, Waukegan, IL 60085 and is currently estimated at $205,603, approximately $274 per square foot. 505 Lorraine Ave is a home located in Lake County with nearby schools including Hyde Park Elementary School, Miguel Juarez Middle School, and Waukegan High School.

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