NOT LISTED FOR SALE

525 W Lancaster Ct Inverness, IL 60010

Estimated Value: $880,000 - $1,069,000

5 Beds
6 Baths
5,200 Sq Ft
$188/Sq Ft Est. Value

Last Sold October 21, 2016

Last sale price $590,000 $113 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $6,227/month

47 Days on Market

Highlights

  • Home Theater
  • Landscaped Professionally
  • Recreation Room
  • Grove Avenue Elementary School Rated A+
  • Deck
  • Wooded Lot

About This Home

As of October 2016

ENTIRE 1ST FLOOR AND FOYER AND 2ND FLOOR HALLWAY PAINTED!! UGLY COLORS AND WALLPAPER GONE!! HUGE IMPROVEMENT!! IN GOOD CONDITION. LOCAL BANK OWNED. 3 TO 4 BUSINESS DAYS FOR OFFER RESPONSE. "AS IS" NO SURVEY. TAXES AT 100%. NEITHER SELLER OR REALTOR RESPONSIBLE FOR ACCURACY OF INFORMATION. CASH OFFERS MUST HAVE PROOF OF FUNDS AND CLOSE IN 35 DAYS OR LESS. FINANCING OFFERS MUST HAVE STRONG APPROVAL LETTER AND CLOSE IN 45 DAYS OR LESS. THIS IS A LARGE HOME, OVER 5,000 SQUARE FEET. VERY HIGH END. NEEDS SOME DECORATING AND UPDATING, BUT AN EXCEPTIONAL VALUE. ON A CUL DE SAC 5 AND 1/2 BATHS!!

Last Agent to Sell the Property

Larry Fales

RE/MAX Advantage Realty License #471000364 Listed on: 07/29/2016

RE/MAX Advantage Realty

Last Buyer's Agent

Lulu Guang

EverBright Realty License #475158735

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,077

Year Built

  • 1987

Lot Details

  • Cul-De-Sac
  • Landscaped Professionally
  • Wooded Lot

Parking

  • Attached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Circular Driveway
  • Brick Driveway
  • Garage Is Owned

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Wood Shingle Roof
  • Cedar

Interior Spaces

  • Wet Bar
  • Bar Fridge
  • Vaulted Ceiling
  • Skylights
  • Attached Fireplace Door
  • Gas Log Fireplace
  • Entrance Foyer
  • Sitting Room
  • Dining Area
  • Home Theater
  • Home Office
  • Library
  • Recreation Room
  • Loft
  • Game Room
  • Finished Basement
  • Finished Basement Bathroom

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Double Oven
  • Indoor Grill
  • Microwave
  • High End Refrigerator
  • Bar Refrigerator
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Trash Compactor
  • Disposal

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Primary Bathroom is a Full Bathroom
  • In-Law or Guest Suite
  • Dual Sinks
  • Whirlpool Bathtub
  • Separate Shower

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Outdoor Grill

Utilities

  • Forced Air Zoned Cooling and Heating System
  • Two Heating Systems
  • Heating System Uses Gas
  • Well
  • Private or Community Septic Tank

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,077

Year Built

1987

Lot Details

0

Parking

3

Listing Details

  • Property Type: Detached Single
  • General Information: School Bus Service, Commuter Train
  • Age: 26-30 Years
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Number Interior Fireplaces: 2
  • Ownership: Fee Simple w/ HO Assn.
  • Total Full or Half Bathrooms: 5.1
  • Style Of House: Traditional
  • Type Detached: 2 Stories
  • Estimated Year Built: 1987
  • Special Features: 20
  • Property Sub Type: Detached
  • Year Built: 1987

Interior Features

  • Interior Property Features: Vaulted/Cathedral Ceilings, Skylight(s), Bar-Wet, 1st Floor Bedroom, In-Law Arrangement
  • Number Of Rooms: 17
  • Living Room: Dimensions: 20X15, On Level: Main Level
  • Appliances: Oven-Double, Oven/Range, Microwave, Dishwasher, Refrigerator, High End Refrigerator, Refrigerator-Bar, Washer, Dryer, Disposal, Compactor-Trash, Grill-Indoor, All Stainless Steel Kitchen Appliances
  • Equipment: Sump Pump
  • Fireplace Details: Attached Fireplace Doors/Screen, Gas Logs, Gas Starter
  • Attic: Pull Down Stair, Unfinished
  • Fireplace Location: Family Room, Living Room
  • Basement: Finished
  • Basement Bathrooms: Yes
  • Bedrooms All Levels: 5
  • Primary Bedroom Bath: Full
  • Bathroom Amenities: Whirlpool, Separate Shower, Double Sink
  • Above Grade Bedrooms: 5
  • Laundry: Dimensions: 16X12, On Level: Main Level
  • Dining Room: Dimensions: 20X15, On Level: Main Level
  • Kitchen Type: Dimensions: 17X15, On Level: Main Level
  • Kitchen Type: Eating Area-Table Space, Island, Pantry-Closet
  • Additional Rooms: 5th Bedroom, Eating Area, Foyer, Game Room, Library, Loft, Office, Recreation Room, Sitting Room, Theatre Room
  • Master Bedroom: Dimensions: 22X20, On Level: 2nd Level
  • Additional Room 1 Name: 5th Bdrm, Dimensions: 12X12, On Level: Main Level
  • Additional Room 2 Name: Library, Dimensions: 14X15, On Level: Main Level
  • Bedroom 2: Dimensions: 17X15, On Level: 2nd Level
  • Additional Room 3 Name: Eating Area, Dimensions: 14X11, On Level: Main Level
  • Bedroom 3: Dimensions: 17X13, On Level: 2nd Level
  • Additional Room 4 Name: Foyer, Dimensions: 35X16, On Level: Main Level, Flooring: Marble
  • Bedroom 4: Dimensions: 15X15, On Level: 2nd Level
  • Additional Room 5 Name: Loft, Dimensions: 16X8, On Level: 2nd Level
  • Additional Room 6 Name: Sitting, Dimensions: 11X11, On Level: 2nd Level
  • Additional Room 7 Name: Recreation Rm, Dimensions: 25X15, On Level: Lower
  • Additional Room 8 Name: Theater Rm, Dimensions: 14X16, On Level: Lower
  • Additional Room 9 Name: Office, Dimensions: 18X15, On Level: Lower
  • Additional Room 10 Name: Game Rm, Dimensions: 15X14, On Level: Lower
  • Estimated Sq Ft: 5200
  • Dining Room Type: Separate
  • Family Room: Dimensions: 22X20, On Level: Main Level

Exterior Features

  • Foundation: Concrete
  • Lot Size: 1.0-1.99 Acres
  • Exterior Building Type: Brick, Cedar
  • Roof Type: Wood Shakes/Shingles
  • Exterior Property Features: Deck, Outdoor Grill
  • Acreage: 1.357

Garage/Parking

  • Number of Cars: 3
  • Parking: Garage
  • Garage Type: Attached
  • Garage Details: Garage Door Opener(s), Transmitter(s)
  • Garage On Site: Yes
  • Number Garage Spaces: 3
  • Driveway: Brick, Concrete, Circular
  • Garage Ownership: Owned

Utilities

  • Electricity: Circuit Breakers
  • Air Conditioner: Central Air, Zoned
  • Water: Well-Private
  • Sewer: Septic-Private
  • Heating Fuel: Gas, Forced Air, 2+ Sep Heating Systems

Condo/Co-op/Association

  • Management Contact Name: PETER DILORIO
  • Management Phone: 847-934-1500

Fee Information

  • Management Company: PETER DILORIO

Schools

  • School District: 220
  • Elementary School: GROVE AVENUE ELEMENTARY SCHOOL
  • Middle School: BARRINGTON MIDDLE SCHOOL PRAIRIE
  • High School: BARRINGTON HIGH SCHOOL
  • Junior High Dist: 220

Lot Info

  • Lot Dimensions: 88 X 220 X 230 X 255 X 173
  • Lot Description: Cul-de-sac, Landscaped Professionally, Wooded
  • Parcel Identification Number: 02073030070000

Tax Info

  • Taxes: 13695.40

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2016
Closed on
Oct 18, 2016
Sold by
Bmo Harris Bank N A
Bought by
Chicago Title Land Trust Co and Trust Number 8002372625
Seller's Agent
Larry Fales
RE/MAX Advantage Realty
Buyer's Agent
Lulu Guang
EverBright Realty
List Price
$650,500
Sold Price
$590,000
Premium/Discount to List
-$60,500
-9.3%
Current Estimated Value
$983,880

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$393,880
Avg. Annual Appreciation
5.53%
Original Mortgage
$472,000
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 3, 2016
Sold by
Rocklin Neil E
Bought by
Bmo Harris Bank Na
Source: Public Records

Range of Values:

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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
Chicago Title Land Trust Co $590,000 Chicago Title
Bmo Harris Bank Na -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chicago Title Land Trust Company $452,000
Closed Chicago Title Land Trust Co $472,000
Previous Owner Rocklin Cathleen M $650,000
Previous Owner Roclin Neil C $900,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/21/2016 10/21/16 Sold $590,000 -3.3% $113 / Sq Ft
09/14/2016 09/14/16 Pending -- -- --
08/10/2016 08/10/16 Price Changed $609,900 -6.2% $117 / Sq Ft
07/29/2016 07/29/16 For Sale $650,500 -- $125 / 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 $12,077 $52,063 $17,733 $34,330
2023 $11,832 $52,063 $17,733 $34,330
2022 $11,832 $52,063 $17,733 $34,330
2021 $14,550 $53,058 $11,822 $41,236
2020 $14,052 $53,058 $11,822 $41,236
2019 $13,651 $58,563 $11,822 $46,741
2018 $15,144 $62,514 $10,344 $52,170
2017 $14,722 $62,514 $10,344 $52,170
2016 $16,430 $73,976 $10,344 $63,632
2015 $15,296 $63,873 $10,344 $53,529
2014 $13,695 $63,873 $10,344 $53,529
2013 $13,397 $63,873 $10,344 $53,529
Source: Public Records

Agents Affiliated with this Home

  • Larry Fales

    Seller's Agent in 2016

    Larry Fales

    RE/MAX

    (847) 812-9500

    176 Total Sales

    Section Image

  • L

    Buyer's Agent in 2016

    Lulu Guang

    EverBright Realty

    (630) 788-9859

    14 Total Sales

    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09301086

Midwest Real Estate Data (MRED)

APN: 02-07-303-007-0000

Illinois Cook County Inverness 60010

525 W Lancaster Ct, Inverness, IL

This home is located at 525 W Lancaster Ct, Inverness, IL 60010 since 29 July 2016 and is currently estimated at $975,842, approximately $187 per square foot. This property was built in 1987. 525 W Lancaster Ct is a home located in Cook County with nearby schools including Grove Avenue Elementary School, Barrington Mdle School- Prairie Cmps, and Barrington High School.

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