NOT LISTED FOR SALE

505 W Highland Terrace Round Lake Beach, IL 60073

Estimated Value: $162,347 - $178,000

2 Beds
1 Bath
717 Sq Ft
$240/Sq Ft Est. Value

Last Sold April 19, 2024

Last sale price $152,000 $212 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $1,181/month

34 Days on Market

Highlights

  • Cape Cod Architecture
  • Fenced Yard
  • Forced Air Heating System
  • Main Floor Bedroom
  • Bathroom on Main Level
  • 4-minute walk to Morningside Park

About This Home

As of April 2024

Affordable home available to live in or buy as an investment property. Move in ready 2 bedroom 1 bath home with many updates. Newer vinyl flooring throughout. New driveway, backyard out building, water heater, Corian kitchen counters 2021. Brand new roof put on in 2022. Freshly painted 2024. The kitchen features newer stainless steel appliances and canned lighting. Main level laundry. Fenced in yard that also has that 19 x 9 out building that can be used for whatever you desire. *Seller offering a $2,000 credit for any floor concerns*

Last Agent to Sell the Property

Cathy Anderson

Realty World Tiffany R.E. License #475169397 Listed on: 01/30/2024

Last Buyer's Agent

Andres Lozano

EXIT Strategy Realty License #475167757

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,866

Year Built

  • Built in 1938

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 50 x 150
  • Fenced Yard

Home Design

  • Cape Cod Architecture
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 717 Sq Ft Home
  • 1.5-Story Property
  • Crawl Space
  • Laundry on main level

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • Main Floor Bedroom
  • Bathroom on Main Level
  • 1 Full Bathroom

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Driveway
  • Parking Included in Price

Outdoor Features

  • Outbuilding

Schools

  • Raymond Ellis Elementary School
  • John T Magee Middle School
  • Round Lake Senior High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,866

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1.5 Story
  • Ownership: Fee Simple
  • ArchitecturalStyle: Cape Cod
  • New Construction: No
  • Property Sub-Type: 1.5 Story
  • Year Built: 1938
  • Age: 81-90 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): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: First Floor Bedroom, First Floor Laundry, First Floor Full Bath
  • LivingArea: 717
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 0
  • Assessed Sq Ft: 634
  • Basement Description: Crawl
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Estimated

Exterior Features

  • List Price: 155000
  • Lot Features: Fenced Yard
  • OtherStructures: Outbuilding
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • OpenParkingSpaces: 2
  • Parking Features: Driveway
  • ParkingTotal: 2
  • Parking: Space/s
  • Parking On-Site: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Raymond Ellis Elementary School
  • High School: Round Lake Senior High School
  • Middle/Junior School: John T Magee Middle School
  • Middle/Junior School District: 116

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.13
  • Lot Dimensions: 50 X 150
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

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

Tax Info

  • Tax Annual Amount: 2865.7
  • Tax Year: 2022
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 30, 2024
Closed on
Apr 8, 2024
Sold by
Balbuena Natalie
Bought by
Cruz Dolores Marie
Seller's Agent
Cathy Anderson
Realty World Tiffany R.E.
Buyer's Agent
Andres Lozano
EXIT Strategy Realty
List Price
$155,000
Sold Price
$152,000
Premium/Discount to List
-$3,000
-1.94%
Views
341
Current Estimated Value
$172,337

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,337
Avg. Annual Appreciation
2.42%
Original Mortgage
$7,500
Outstanding Balance
$4,650
Interest Rate
6.74%
Mortgage Type
New Conventional
Estimated Equity
$152,552

Purchase Details

Listed on
Jul 9, 2021
Closed on
Aug 26, 2021
Sold by
Brennan Daryl
Bought by
Balbuena Natalie
Seller's Agent
Marco Amidei
RE/MAX Suburban
Buyer's Agent
Cathy Anderson
Realty World Tiffany R.E.
List Price
$139,900
Sold Price
$136,900
Premium/Discount to List
-$3,000
-2.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.03%
Original Mortgage
$132,793
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 15, 2014
Sold by
Leary Sheryl L and Baxter Credit Union
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Dec 12, 2014
Sold by
Baxter Credit Union
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Mar 14, 2008
Sold by
Michalski Zigmond J
Bought by
Leary Sheryl L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,000
Interest Rate
5.93%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Cruz Dolores Marie $152,000 First American Title
Balbuena Natalie $137,000 Premier Title
Federal National Mortgage Association -- None Available
Federal National Mortgage Association -- None Available
Leary Sheryl L $83,000 St
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cruz Dolores Marie $7,500
Open Cruz Dolores Marie $147,440
Previous Owner Balbuena Natalie $132,793
Previous Owner Leary Sheryl L $82,350
Previous Owner Leary Sheryl L $83,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2024 04/19/24 Sold $152,000 -1.9% $212 / Sq Ft
03/05/2024 03/05/24 Pending -- -- --
02/28/2024 02/28/24 For Sale $155,000 0.0% $216 / Sq Ft
02/22/2024 02/22/24 Pending -- -- --
02/13/2024 02/13/24 For Sale $155,000 0.0% $216 / Sq Ft
02/09/2024 02/09/24 Pending -- -- --
01/30/2024 01/30/24 For Sale $155,000 +13.2% $216 / Sq Ft
08/26/2021 08/26/21 Sold $136,900 -2.1% $191 / Sq Ft
07/23/2021 07/23/21 Pending -- -- --
07/09/2021 07/09/21 For Sale $139,900 +508.3% $195 / Sq Ft
03/31/2015 03/31/15 Sold $23,000 -25.8% $36 / Sq Ft
03/12/2015 03/12/15 Pending -- -- --
02/24/2015 02/24/15 Price Changed $31,000 -10.1% $49 / Sq Ft
02/12/2015 02/12/15 For Sale $34,500 0.0% $55 / Sq Ft
01/26/2015 01/26/15 Pending -- -- --
01/20/2015 01/20/15 Price Changed $34,500 -19.6% $55 / Sq Ft
12/11/2014 12/11/14 Price Changed $42,900 -14.0% $68 / Sq Ft
11/03/2014 11/03/14 Price Changed $49,900 -23.1% $79 / Sq Ft
10/01/2014 10/01/14 Price Changed $64,900 -12.2% $103 / Sq Ft
08/29/2014 08/29/14 For Sale $73,900 -- $117 / 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 $3,160 $37,151 $8,405 $28,746
2023 $2,866 $32,473 $7,347 $25,126
2022 $2,866 $28,837 $5,815 $23,022
2021 $2,693 $24,368 $5,589 $18,779
2020 $2,592 $23,186 $5,318 $17,868
2019 $2,522 $22,245 $5,102 $17,143
2018 $2,058 $15,554 $6,619 $8,935
2017 $1,990 $14,631 $6,226 $8,405
2016 $1,929 $13,506 $5,747 $7,759
2015 $978 $12,338 $5,250 $7,088
2014 $1,804 $17,949 $4,928 $13,021
2012 $1,850 $18,746 $5,147 $13,599
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11968836

Midwest Real Estate Data (MRED)

APN: 06-17-329-022