NOT LISTED FOR SALE

509 E Lake Ave Round Lake, IL 60073

Estimated Value: $305,000 - $373,000

4 Beds
4 Baths
-- Sq Ft
10,934 Sq Ft Lot

Last Sold November 04, 2021

Last sale price $275,000

Est. 22% increase in value since last sale

Current estimated payment $2,540/month

1 Day on Market

Highlights

  • Community Lake
  • Property is near park
  • Senior Tax Exemptions
  • Grayslake North High School Rated A
  • 3 Car Detached Garage
  • Heated Garage

About This Home

As of November 2021

IMMACULATLY maintained, two-unit, DUPLEX INCOME property on DOUBLE LOT with partially fenced, HUGE YARD. Why rent when you can own, live in one unit and rent the other as income property? Both units contain 2 beds/1.5 baths, spacious BALCONY with stairs leading to a great back yard. NEW ROOF (2020). Unit A contains luxury vinyl tile in living room, dining, and kitchen, stainless steel kitchen appliances, new water heater (2017), newer washer/dryer, LOFT/OFFICE space and is MOVE-IN READY. Unit B current tenant can stay or go, has been a very good tenant, with no current lease. Huge driveway, up to 10-spaces, capable of assigning parking spots. THREE-CAR DETACHED GARAGE with plenty of storage. Leaf blower and electric mower stay with property. Taxes reflect homestead & senior exemptions with a senior freeze.

Last Agent to Sell the Property

Christina Maloney

Real Broker, LLC License #475188464 Listed on: 08/29/2021

Last Buyer's Agent

Nathan Tavarez

HomeSmart Realty Group License #475171866

HomeSmart Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,519

Year Built

  • Built in 1986

Lot Details

  • 0.25

Parking

  • 3 Car Detached Garage
  • Heated Garage
  • Garage Transmitter
  • Garage Door Opener
  • Parking Space is Owned

Home Design

  • Duplex

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 4 Bathrooms

Additional Features

  • Property is near park
  • Heating System Uses Natural Gas

Community Details

  • 2 Units
  • Community Lake

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions
  • Senior Freeze Tax Exemptions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,519

Year Built

Built in 1986

Lot Details

0.25 Acres

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1986
  • Age: 31-40 Years
  • Built Before 1978 (Y/N): No
  • General Information: School Bus Service,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 4
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Central Air Conditioner,Garage/Space
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Central Air Conditioner,Garage/Space

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Other

Garage/Parking

  • Garage Spaces: 3
  • ParkingTotal: 3
  • Garage Details: Garage Door Opener(s),Transmitter(s),Heated
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Park, Lake

Lot Info

  • Lot Dimensions: 10999
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 7518.64
  • Tax Year: 2020
  • Tax Exemptions: Homeowner,Senior,Senior Freeze

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: Duplex Side by Side

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 29, 2021
Closed on
Oct 25, 2021
Sold by
Dennis Kane
Bought by
Reyes Rafael Candelaria
Seller's Agent
Christina Maloney
Real Broker, LLC
Buyer's Agent
Nathan Tavarez
HomeSmart Realty Group
List Price
$269,900
Sold Price
$275,000
Premium/Discount to List
$5,100
1.89%
Current Estimated Value
$335,059

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,059
Avg. Annual Appreciation
4.66%
Original Mortgage
$270,019
Interest Rate
2.99%
Mortgage Type
FHA
Source: Public Records
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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
Reyes Rafael Candelaria $275,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Reyes Rafael Candelaria $270,019
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/04/2021 11/04/21 Sold $275,000 +1.9% --
09/01/2021 09/01/21 Pending -- -- --
08/30/2021 08/30/21 For Sale $269,900 -- --
Source: Midwest Real Estate Data (MRED)

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 $9,788 $91,556 $13,342 $78,214
2023 $9,124 $80,026 $11,662 $68,364
2022 $9,124 $72,992 $10,629 $62,363
2021 $6,505 $66,130 $10,218 $55,912
2020 $7,787 $62,921 $9,722 $53,199
2019 $7,509 $60,367 $9,327 $51,040
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11203756

Midwest Real Estate Data (MRED)

APN: 06-21-203-056

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