NOT LISTED FOR SALE

517 E Burnett Rd Island Lake, IL 60042

East Island Lake Neighborhood

Estimated Value: $1,271,000

2 Beds
-- Bath
800 Sq Ft
$1,589/Sq Ft Est. Value

About This Home

1 and 2 bedroom updated apartments in a quiet wooded setting 5 minutes from Wauconda. Onsite laundry, ample parking, green space.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 26, 2019
Sold by
Schuhknecht Joseph H and Schuhknecht Dawn
Bought by
Cotton Creek Llc
Current Estimated Value
$1,271,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,776,000
Outstanding Balance
$836,576
Interest Rate
3.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 14, 2019
Sold by
Schuhknecht Wesley H
Bought by
Schuhknecht Joseph H and Schuhknecht Dawn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,776,000
Outstanding Balance
$836,576
Interest Rate
3.75%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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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
Cotton Creek Llc $2,220,000 Chicago Title
Schuhknecht Joseph H -- Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cotton Creek Llc $1,776,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/12/2022 10/12/22 Price Changed $1,350 +37.8% $2 / Sq Ft
09/06/2022 09/06/22 Price Changed $980 -20.0% $1 / Sq Ft
08/23/2022 08/23/22 For Rent $1,225 -- --

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 $27,112 $337,642 $71,870 $265,772
2023 $27,899 $308,631 $65,695 $242,936
2022 $27,899 $287,956 $61,294 $226,662
2021 $25,908 $272,093 $57,917 $214,176
2020 $37,083 $259,334 $55,201 $204,133
2019 $33,904 $362,727 $52,170 $310,557
2018 $37,747 $367,169 $52,809 $314,360
2017 $38,011 $362,923 $52,198 $310,725
2016 $36,038 $343,677 $49,430 $294,247
2015 $34,937 $315,503 $45,378 $270,125
2014 $34,278 $314,272 $89,273 $224,999
2012 $30,983 $432,290 $90,882 $341,408
Source: Public Records

Map

Illinois Lake County Island Lake 60042 East Island Lake

517 E Burnett Rd, Island Lake, IL

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