$2,125,000
SOLD JAN 31, 2025

670 S Rand Rd Lake Zurich, IL 60047

9 Acres
$232,240 Price per Acre
398,574 Sq Ft Lot

Recently Sold

39% Below List Price

20 Days on Market

Highlights

  • 9.15 Acre Lot
  • May Whitney Elementary School Rated A
  • Farm

About This Lot

As of January 2025

Calling all Developers! This is a prime land development opportunity. Close to Deer Park dining, shopping and entertainment district. 9 Acres Located in the heart of Lake Zurich. Currently used as a horse property consisting of a single family residence, horse barn and paddock. Beautiful property with a ton of potential. (2) PIN NUMBERS: 14-20-400-002 -- 2.59 ACRES (112,820 SF) & 14-20-400-003 -- 6.56 ACRES (285,754 SF) . Village will consider Re-Zone PUD.

Last Agent to Sell the Property

Sean Dailey

HomeSmart Connect License #471021027 Listed on: 08/17/2021

HomeSmart Connect

Last Buyer's Agent

Sean Dailey

HomeSmart Connect License #471021027 Listed on: 08/17/2021

HomeSmart Connect

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $13,937

Lot Details

  • 9.15 Acre Lot
  • Lot Dimensions are 400x230
  • Additional Parcels

Schools

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

Farming

  • Farm

Utilities

  • Electricity To Lot Line
  • Gas Available

Property Details

Property Type

Land

Est. Annual Taxes

$13,937

Lot Details

0

Listing Details

  • Property Type: Farm
  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Estate, Single Family
  • Road Surface Type: Gravel
  • General Information: School Bus Service
  • ResoPropertyType: Farm
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Development
  • Basement Bathrooms: No

Exterior Features

  • Frontage Length: 400
  • Frontage Type: City Street
  • List Price: 3500000
  • Waterfront: No

Utilities

  • Utilities: Electric to Site, Gas to Site, Water-Municipal, Water to Site

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 Description: 14204000030000
  • Additional Parcels: Yes
  • Lot Size Acres: 9.15
  • Lot Dimensions: 400X230
  • Zoning: OTHER
  • Lot Size: 8.0-9.99 Acres
  • Special Assessments: N
  • Land Amenities: Horse Riding Area,Horse Riding Trails
  • Estimated Land Sq Ft: 392040
  • Land Description: Horses Allowed,Level,Pond/Lake
  • Total Listed Lots Avail: 2

Rental Info

  • Board Number: 2
  • Rental Price: 0

Building Info

  • Building(s) on Land: Yes

Tax Info

  • Tax Annual Amount: 13937.14
  • Tax Year: 2020
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 14, 2003
Sold by
Home Depot U S A Inc
Bought by
Hd Development Maryland Inc

Purchase Details

Closed on
Jun 29, 2000
Sold by
Hp/R Llc
Bought by
Home Depot Usa Inc
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 Type Sale Price Title Company
Warranty Deed -- --
Warranty Deed $3,405,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2025 01/31/25 Sold $2,125,000 0.0% --
02/17/2022 02/17/22 Off Market $2,125,000 -- --
09/08/2021 09/08/21 Pending -- -- --
08/18/2021 08/18/21 For Sale $3,500,000 -- --
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 $205,799 $2,688,237 $1,826,777 $861,460
2023 $202,111 $2,616,034 $1,777,712 $838,322
2022 $202,111 $2,565,494 $1,743,368 $822,126
2021 $195,356 $2,499,750 $1,698,692 $801,058
2020 $191,830 $2,499,750 $1,698,692 $801,058
2019 $200,989 $2,637,184 $1,683,874 $953,310
2018 $198,959 $2,615,778 $1,660,559 $955,219
2017 $197,587 $2,584,250 $1,640,544 $943,706
2016 $197,132 $2,669,557 $1,588,597 $1,080,960
2015 $204,538 $2,854,398 $1,513,094 $1,341,304
2014 $35,930 $2,900,516 $1,537,541 $1,362,975
2012 $224,153 $2,906,620 $1,540,777 $1,365,843
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11193637

Midwest Real Estate Data (MRED)

APN: 14-20-307-002