NOT LISTED FOR SALE

514 N Old Rand Rd Lake Zurich, IL 60047

Estimated Value: $417,000 - $874,000

3 Beds
3.5 Baths
3,500 Sq Ft
$204/Sq Ft Est. Value

Last Sold September 30, 2014

Last sale price $655,000 $187 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $3,962/month

74 Days on Market

Highlights

  • Lake Front
  • Boat Dock
  • 0.9 Acre Lot
  • May Whitney Elementary School Rated A
  • Beach Access
  • Deck

About This Home

As of September 2014

LAKE HOME - PRIVATE BEACH & WATERFRONT near Chicago. Lake Zurich offers boating and waterskiing. This home has a 90' private, sand beach with new pier, deck and brick patio. The Craftman style home has oak floors, a stone fireplace, a large porch and front lawn. Hardi-board exterior with water purification. Lots of storage. Backs up to Lake Zurich Golf Course. School District 95. 2013 Taxes $13,122.

Last Agent to Sell the Property

Fernandina Cancanon

Midwest Premier Realty, LLC License #475132906 Listed on: 04/25/2014

Co-Listed By

David Hill

Midwest Premier Realty, LLC License #471006234

Last Buyer's Agent

Andrew Lichterman

Property Economics Inc. License #475135663

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,122

Year Built

  • Built in 2002

Lot Details

  • 0.9 Acre Lot
  • Lake Front
  • Paved or Partially Paved Lot
  • Additional Parcels

Parking

  • 3 Car Detached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Driveway
  • Parking Included in Price

Home Design

  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,500 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Wood Burning Fireplace
  • Fireplace With Gas Starter
  • Mud Room
  • Entrance Foyer
  • Family Room with Fireplace
  • Combination Dining and Living Room
  • Bonus Room
  • Wood Flooring
  • Water Views
  • Unfinished Attic
  • Storm Screens

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Potential Bedrooms
  • Walk-In Closet
  • Whirlpool Bathtub
  • Separate Shower

Laundry

  • Laundry Room
  • Laundry on main level

Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Finished Basement Bathroom

Outdoor Features

  • Beach Access
  • Tideland Water Rights
  • Deck
  • Outdoor Fireplace
  • Brick Porch or Patio

Schools

  • May Whitney Elementary School
  • Lake Zurich Middle - N Campus
  • Lake Zurich High School

Utilities

  • Central Air
  • Humidifier
  • Heating System Uses Natural Gas
  • 200+ Amp Service
  • Water Softener is Owned
  • Cable TV Available

Community Details

  • Boat Dock

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,122

Year Built

Built in 2002

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • ArchitecturalStyle: Other
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 2002
  • Age: 11-15 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Disposal
  • Basement: Full
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4
  • Total Bedrooms: 3
  • Fireplace Features: Wood Burning, Gas Starter
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors, First Floor Laundry
  • LivingArea: 3500
  • Other Equipment: Humidifier, Water-Softener Owned, TV-Cable, Ceiling Fan(s), Sump Pump
  • Room Type: Bonus Room, Foyer, Mud Room, Walk In Closet
  • Basement Description: Finished
  • Bathroom Amenities: Whirlpool,Separate Shower,Soaking Tub
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 1
  • Dining Room: Combined w/ LivRm
  • Fireplace Location: Family Room
  • Attic: Unfinished

Exterior Features

  • ExteriorFeatures: Deck, Porch, Brick Paver Patio, Storms/Screens, Outdoor Fireplace
  • Foundation Details: Concrete Perimeter
  • List Price: 699000
  • Lot Features: Beach, Lake Front, Water View
  • Roof: Asphalt
  • Waterfront: Yes
  • Exterior Building Type: Other

Garage/Parking

  • Garage Spaces: 3
  • Parking Features: Driveway
  • ParkingTotal: 2
  • Number of Cars: 5
  • Driveway: Asphalt
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers, 200+ Amp Service
  • Heating: Natural Gas, Electric
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Dock, Water Rights, Sidewalks, Street Lights, Street Paved
  • Master Association Fee: Yes
  • Master Association Fee: 40

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: MAY WHITNEY ELEMENTARY SCHOOL
  • High School: LAKE ZURICH HIGH SCHOOL
  • Middle/Junior School: LAKE ZURICH MIDDLE - N CAMPUS
  • Middle/Junior School District: 95

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 0.9
  • Lot Dimensions: 39350
  • Lot Size: .50-.99 Acre
  • Special Assessments: N

Rental Info

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

Tax Info

  • Tax Annual Amount: 13121.78
  • Tax Year: 2013
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 15, 2018
Sold by
Burk Eric and Burk Laura
Bought by
Burk Eric L and Burk Laura A
Current Estimated Value
$715,667

Purchase Details

Listed on
Apr 25, 2014
Closed on
Sep 24, 2014
Sold by
Leahy John T and Leahy Susan Catherine
Bought by
Burk Eric and Burk Laura
Seller's Agent
Fernandina Cancanon
Midwest Premier Realty, LLC
Buyer's Agent
Andrew Lichterman
Property Economics Inc.
List Price
$750,000
Sold Price
$655,000
Premium/Discount to List
-$95,000
-12.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.14%
Original Mortgage
$524,000
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 6, 2010
Sold by
Leahy John T and Leahy Susan C
Bought by
Leahy John T and Leahy Susan Catherine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$572,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 22, 2010
Sold by
Leahy John T and Leahy Susan Catherine
Bought by
Leahy John T and Leahy Susan C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$572,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 16, 2007
Sold by
Leahy John T and Leahy Susan Catherine
Bought by
Leahy John T and Leahy Susan Catherine

Purchase Details

Closed on
Jun 29, 2002
Sold by
Leahy John and Leahy Susan
Bought by
Leahy John T and Leahy Susan Catherine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$490,500
Interest Rate
7%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 28, 2002
Sold by
Leahy John T and Leahy Susan Catherine
Bought by
Leahy John and Leahy Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$490,500
Interest Rate
7%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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Average Value
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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
Burk Eric L -- Attorney
Burk Eric $655,000 Fidelity National Title
Leahy John T -- None Available
Leahy John T -- 1St American Title
Leahy John T -- None Available
Leahy John T -- None Available
Leahy John T -- First American Title
Leahy John -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Burk Eric $524,000
Previous Owner Leahy John T $572,500
Previous Owner Leahy John $490,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2014 09/30/14 Sold $655,000 0.0% $187 / Sq Ft
07/22/2014 07/22/14 Off Market $655,000 -- --
07/08/2014 07/08/14 Pending -- -- --
06/03/2014 06/03/14 Price Changed $699,000 -3.6% $200 / Sq Ft
05/21/2014 05/21/14 Price Changed $725,000 -3.3% $207 / Sq Ft
04/25/2014 04/25/14 For Sale $750,000 -- $214 / 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 $2,020 $28,231 $28,231 --
2023 $1,984 $25,676 $25,676 --
2022 $1,984 $25,179 $25,179 $0
2021 $1,917 $24,534 $24,534 $0
2020 $1,883 $24,534 $24,534 $0
2019 $1,854 $24,320 $24,320 $0
2018 $1,989 $26,162 $26,162 $0
2017 $1,976 $25,847 $25,847 $0
2016 $1,941 $25,030 $25,030 $0
2015 $1,918 $23,840 $23,840 $0
2014 $11,092 $142,356 $25,460 $116,896
2012 $10,550 $142,656 $25,514 $117,142
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 08595878

Midwest Real Estate Data (MRED)

APN: 14-18-402-051