505 W Lancaster Ct Inverness, IL 60010
Estimated Value: $962,000 - $1,102,000
5
Beds
6
Baths
5,035
Sq Ft
$202/Sq Ft
Est. Value
Highlights
- Recreation Room
- Home Office
- Walk-In Closet
- Grove Avenue Elementary School Rated A+
- Attached Garage
- Entrance Foyer
About This Home
As of December 2020Located in the highly sought after Glencrest subdivision of Inverness, this spacious estate style home is situated on 1.2 acres of tranquil, private land and offers over 5K sq feet of living space and has recently undergone a total top to bottom renovation, nothing was missed on this property and it shows! This is home is the equivalent of purchasing a new construction for a fraction of the cost, the home offers new hardwood floors throughout the main level, brand new higher end carpet in all bedrooms, updated bathrooms with spa like finishes. The family room is majestic with its floor to ceiling windows along with two story fireplace which is truly the centerpiece of the room. Off of the family room you will find the modern, updated Chefs kitchen with higher end finishes. The kitchen offers brand new cabinets, quartz counters, SS appliances, gorgeous pendant lighting, the kitchen is stunning! This estate also features a first floor laundry room, finished basement, large deck which overlooks the tranquil setting for those summer night cookouts! There was nothing missed on this renovation and the pickiest buyer will be amazed at the quality of work, finishes and overall layout of this home!* To help visualize this home's floorplan and to highlight its potential, virtual furnishings may have been added to photos found in this listing.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $15,222
Year Built | Renovated
- 1988 | 2020
Lot Details
- 1.2
Parking
- Attached Garage
- Parking Included in Price
- Garage Is Owned
Home Design
- Brick Exterior Construction
Interior Spaces
- Entrance Foyer
- Home Office
- Recreation Room
Bedrooms and Bathrooms
- Walk-In Closet
- Primary Bathroom is a Full Bathroom
Unfinished Basement
- Basement Fills Entire Space Under The House
- Rough-In Basement Bathroom
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- Well
- Private or Community Septic Tank
Listing and Financial Details
- Homeowner Tax Exemptions
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 11, 2023
Sold by
Patchak Robert
Bought by
Robert R Patchak And Rebecca R Patchak Land T
Total Days on Market
244
Current Estimated Value
Purchase Details
Listed on
Mar 18, 2020
Closed on
Dec 2, 2020
Sold by
Us Bank National Association
Bought by
Patchak Robert
Seller's Agent
Ryan Smith
RE/MAX Premier
Buyer's Agent
Janine Sasso
Coldwell Banker Realty
List Price
$849,900
Sold Price
$630,000
Premium/Discount to List
-$219,900
-25.87%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.26%
Purchase Details
Closed on
Oct 23, 2018
Sold by
Spranger Jon E
Bought by
Us Bank Na and Rmac Trust
Purchase Details
Closed on
Aug 7, 2003
Sold by
Spranger Jon E
Bought by
Lasalle Bank Na and Trust #53038
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$394,041
Interest Rate
6.25%
Mortgage Type
Unknown
Purchase Details
Closed on
Jun 23, 2003
Sold by
Lasalle Bank Na
Bought by
Spranger Jon E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
4.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Similar Home in Inverness, IL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Robert R Patchak And Rebecca R Patchak Land T | -- | None Listed On Document | |
| Patchak Robert | $630,000 | Attorney | |
| Us Bank Na | -- | None Available | |
| Lasalle Bank Na | -- | -- | |
| Spranger Jon E | -- | Cti |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Spranger Jon E | $477,000 | |
| Previous Owner | Chicago Title Land Trust Co | $200,000 | |
| Previous Owner | Lasalle Bank Na | $400,000 | |
| Previous Owner | Lasalle Bank Na | $394,041 | |
| Previous Owner | Spranger Jon E | $650,000 | |
| Previous Owner | Spranger Jon E | $650,000 | |
| Previous Owner | Lasalle Bank National Assn | $645,500 | |
| Previous Owner | Lasalle Bank National Assn | $805,800 | |
| Previous Owner | Lasalle Bank National Assn | $402,900 | |
| Previous Owner | Lasalle Bank National Assn | $650,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/09/2020 12/09/20 | Sold | $630,000 | -3.1% | $125 / Sq Ft |
| 11/17/2020 11/17/20 | Pending | -- | -- | -- |
| 11/10/2020 11/10/20 | Price Changed | $649,900 | -5.8% | $129 / Sq Ft |
| 10/02/2020 10/02/20 | Price Changed | $689,900 | -1.4% | $137 / Sq Ft |
| 09/04/2020 09/04/20 | Price Changed | $699,900 | -6.7% | $139 / Sq Ft |
| 08/10/2020 08/10/20 | Price Changed | $749,900 | -2.6% | $149 / Sq Ft |
| 07/16/2020 07/16/20 | Price Changed | $769,900 | -0.6% | $153 / Sq Ft |
| 06/19/2020 06/19/20 | Price Changed | $774,900 | -6.1% | $154 / Sq Ft |
| 05/21/2020 05/21/20 | Price Changed | $824,900 | -2.9% | $164 / Sq Ft |
| 03/18/2020 03/18/20 | For Sale | $849,900 | -- | $169 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $15,222 | $66,000 | $15,695 | $50,305 |
| 2023 | $15,222 | $66,000 | $15,695 | $50,305 |
| 2022 | $15,222 | $66,000 | $15,695 | $50,305 |
| 2021 | $18,898 | $72,242 | $10,463 | $61,779 |
| 2020 | $21,153 | $82,976 | $10,463 | $72,513 |
| 2019 | $20,550 | $91,586 | $10,463 | $81,123 |
| 2018 | $21,827 | $93,538 | $9,155 | $84,383 |
| 2017 | $21,234 | $93,538 | $9,155 | $84,383 |
| 2016 | $20,220 | $93,538 | $9,155 | $84,383 |
| 2015 | $18,320 | $79,125 | $9,155 | $69,970 |
| 2014 | $18,081 | $79,125 | $9,155 | $69,970 |
| 2013 | $17,262 | $79,125 | $9,155 | $69,970 |
Source: Public Records
Agents Affiliated with this Home
-
Ryan Smith
Seller's Agent in 2020
Ryan Smith
RE/MAX Premier
(312) 810-9680
1 in this area
831 Total Sales
-
Janine Sasso
Buyer's Agent in 2020
Janine Sasso
Coldwell Banker Realty
(847) 754-1835
3 in this area
188 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: MRD10673154
APN: 02-07-303-009-0000
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