NOT LISTED FOR SALE

556 Shaker Ln Lake Zurich, IL 60047

Estimated Value: $453,345 - $479,000

3 Beds
2.5 Baths
1,744 Sq Ft
$267/Sq Ft Est. Value

Last Sold January 19, 2023

Last sale price $365,000 $209 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $3,247/month

34 Days on Market

Highlights

  • Landscaped Professionally
  • Property is near a park
  • Vaulted Ceiling
  • Isaac Fox Elementary School Rated A
  • Recreation Room
  • 3-minute walk to Sparrow Ridge Park

About This Home

As of January 2023

Great location in popular Sparrow Ridge! Bright and open layout leads to a spacious living room and dining area with hardwood floors throughout main level. Updated kitchen with granite counters maple cabinets and views of the fenced back yard with space for outdoor entertainment. Lower level features large family with fireplace, laundry closet and powder room. Recent updates include newer windows throughout, HVAC approx 5 yrs old. Bonus living space in the sub basement, perfect for in-home office, playroom or 2nd family room. 2 car garage has so much storage. Convenient walking path to chasewood park and crosswalk for Middle School South and Isaac Fox Schools. Close to shopping, dining and local amenities.

Last Agent to Sell the Property

Sandra Frampton

@properties Christie's International Real Estate License #471020856 Listed on: 11/05/2022

@properties Christie's International Real Estate

Last Buyer's Agent

AJ|Abhijit Leekha

Property Economics Inc. License #471009447

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,576

Year Built

  • Built in 1988

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 60x100
  • Landscaped Professionally

Parking

  • 2 Car Attached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Driveway
  • Parking Space is Owned

Home Design

  • Split Level with Sub
  • Tri-Level Property
  • Asphalt Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,744 Sq Ft Home
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Attached Fireplace Door
  • Family Room with Fireplace
  • Combination Dining and Living Room
  • Recreation Room
  • Carbon Monoxide Detectors

Kitchen

  • Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Outdoor Features

  • Tideland Water Rights
  • Patio

Location

  • Property is near a park

Schools

  • Isaac Fox Elementary School
  • Lake Zurich Middle - S Campus
  • Lake Zurich High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • 100 Amp Service

Community Details

  • Sparrow Ridge Subdivision

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,576

Year Built

Built in 1988

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: Split Level w/ Sub
  • Ownership: Fee Simple
  • ArchitecturalStyle: Tri-Level
  • New Construction: No
  • Property Sub-Type: Split Level w/ Sub
  • Subdivision Name: Sparrow Ridge
  • Year Built: 1988
  • Age: 31-40 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • New Construction Y/N: No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Dishwasher, Refrigerator, Disposal
  • Basement: Full
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Wood Burning, Attached Fireplace Doors/Screen
  • Fireplaces: 1
  • Interior Amenities: Vaulted/Cathedral Ceilings, Hardwood Floors, Wood Laminate Floors
  • LivingArea: 1744
  • Other Equipment: CO Detectors, Ceiling Fan(s), Sump Pump
  • Room Type: Recreation Room
  • Estimated Total Finished Sq Ft: 0
  • Assessed Sq Ft: 2757
  • Basement Description: Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Fireplace Location: Family Room
  • Square Footage Comments: 2757 includes the full sub-basment finished living space.
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Assessor

Exterior Features

  • ExteriorFeatures: Patio
  • Foundation Details: Concrete Perimeter
  • List Price: 379900
  • Lot Features: Landscaped
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Driveway: Asphalt
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers, 100 Amp Service
  • Heating: Natural Gas, Forced Air
  • Laundry Features: Gas Dryer Hookup, In Unit, Laundry Closet
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Park, Water Rights
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Isaac Fox Elementary School
  • High School: Lake Zurich High School
  • Middle/Junior School: Lake Zurich Middle - S Campus
  • Middle/Junior School District: 95

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.14
  • Lot Dimensions: 60X100
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 7576.18
  • Tax Year: 2021
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2022
Closed on
Jan 3, 2023
Sold by
Mckaarr Aileen
Bought by
Saravanakumar Palaniammal
Seller's Agent
Sandra Frampton
@properties Christie's International Real Estate
Buyer's Agent
AJ|Abhijit Leekha
Property Economics Inc.
List Price
$389,900
Sold Price
$365,000
Premium/Discount to List
-$24,900
-6.39%
Views
65
Current Estimated Value
$465,086

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,086
Avg. Annual Appreciation
8.98%
Original Mortgage
$346,750
Outstanding Balance
$336,643
Interest Rate
6.13%
Mortgage Type
New Conventional
Estimated Equity
$118,644

Purchase Details

Closed on
Nov 30, 2009
Sold by
Giroux Gregory A and Mans Giroux Karla R
Bought by
Mckellar Aileen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,321
Interest Rate
4.9%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 15, 1999
Sold by
Browy Robert A and Browy Nadine A
Bought by
Giroux Gregory A and Mans Giroux Karla R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,000
Interest Rate
7.69%
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
Saravanakumar Palaniammal $365,000 --
Mckellar Aileen $290,000 Chicago Title Insurance Co
Giroux Gregory A $208,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Saravanakumar Palaniammal $346,750
Previous Owner Mckellar Aileen $280,321
Previous Owner Giroux Greg $30,000
Previous Owner Giroux Gregory A $191,000
Previous Owner Giroux Gregory A $191,000
Previous Owner Giroux Gregory A $30,000
Previous Owner Giroux Gregory A $195,000
Previous Owner Giroux Gregory A $6,000
Previous Owner Giroux Gregory A $198,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/19/2023 01/19/23 Sold $365,000 -3.9% $209 / Sq Ft
12/10/2022 12/10/22 Pending -- -- --
12/01/2022 12/01/22 Price Changed $379,900 -2.6% $218 / Sq Ft
11/05/2022 11/05/22 For Sale $389,900 -- $224 / 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 $8,560 $120,038 $22,905 $97,133
2023 $7,851 $116,814 $22,290 $94,524
2022 $7,851 $105,651 $21,858 $83,793
2021 $7,576 $102,944 $21,298 $81,646
2020 $7,439 $102,944 $21,298 $81,646
2019 $7,326 $102,046 $21,112 $80,934
2018 $7,178 $100,448 $22,716 $77,732
2017 $7,129 $99,237 $22,442 $76,795
2016 $6,985 $96,094 $21,731 $74,363
2015 $6,880 $91,527 $20,698 $70,829
2014 $6,822 $89,855 $20,616 $69,239
2012 $6,493 $90,044 $20,659 $69,385
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11663331

Midwest Real Estate Data (MRED)

APN: 14-28-107-005