$172,000
SOLD SEP 25, 2023

7 Pamela Rd Lake Zurich, IL 60047

2 Beds
2 Baths
1,230 Sq Ft
0.3 Acres

Recently Sold

$140 Per Sq Ft

25% Below List Price

3 Days on Market

Highlights

  • Open Floorplan
  • Ranch Style House
  • Fenced Yard
  • Seth Paine Elementary School Rated A
  • Full Attic
  • Porch

About This Home

As of September 2024

For the savvy investor or contractor buyer, this Ranch Home is a golden opportunity in the sought-after Lake Zurich Manor Subdivision. This property features a 2-bedroom layout with an additional study, 2 full bathrooms, a spacious Great Room, and a well-designed kitchen. Here's what makes this property stand out: Blank Canvas Potential: The home has been taken back to the studs, providing a blank canvas for your creative vision. It's ready for your sweat equity, making it the perfect project for those looking to add their personal touch. Expansive Private Yard: A large, fenced yard offers ample space for landscaping or outdoor entertainment possibilities. Let your creativity run wild in designing your dream outdoor space. Attached Garage: With an attached garage, you have the convenience of secure parking or additional storage options. Electrical and Plumbing: While electrical lines are in place, there's no electric panel, and plumbing lines are ready but lack active fixtures. This presents an opportunity to customize the home's utilities to your exact specifications. Appliances: Not Included. Roof Condition: The age of the roof is unknown, providing an area where potential improvement and investment can be considered. Convenient Location: Situated close to Village Parks on Private Lake Zurich, this home offers access to scenic outdoor spaces. Additionally, Seth Paine Elementary School is conveniently located in the neighborhood. You'll also enjoy easy access to great shopping and restaurants in the Village, as well as the amenities offered by the Great Lake Zurich Park District. This property is being sold "As Is," which means it's ready for your expertise to transform it into a profitable investment or a personalized dream home. Don't miss out on this exciting opportunity to shape a property to your exact specifications in a desirable location. A few more details from the owner: Air and gas are located on the east side of house. The water is a main City Well. Exterior property features: Porch is screened in with exterior fans, lights, and outlet access. Fence Gates are extra large for tractors as well as one gate is removable for easy access to the backyard. Plumbing: The main drain line is installed in the crawl but no interior piping or fixtures. Electric: There is a new electric circuit box installed for a 200 amp panel in the study. Electrical lines are not run but material is available and included with the house. Old electrical lines are still live to a few outlets in the home. There is also a backyard freshwater basin installed for fresh groundwater. Village info: The addition (8' wide rear) and interior remodel permit from PB21-0624 is expired. The current condition of the project has passed footing, foundation, and backfill inspections. No rough inspection has been called for, and the house is at or near rough stage (down to studs). Any future buyer will need to contact the Building & Zoning Department to evaluate the plans on file for completion as designed, or if they will be modifying those plans; either way a new building permit will be required. Contractors related to the construction will be required to be registered with the Village of Lake Zurich.

Last Agent to Sell the Property

Celeste Barr

eXp Realty License #475094890 Listed on: 09/08/2023

eXp Realty

Last Buyer's Agent

Ricardo Camacho

eXp Realty License #475195073

eXp Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,135

Year Built

  • Built in 1950

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 66x173x109x139
  • Fenced Yard
  • Paved or Partially Paved Lot

Parking

  • 2 Car Attached Garage
  • Driveway
  • Parking Space is Owned

Home Design

  • Ranch Style House
  • Asphalt Roof
  • Concrete Perimeter Foundation
  • Cedar

Interior Spaces

  • 1,230 Sq Ft Home
  • Open Floorplan
  • Family Room
  • Living Room
  • Dining Room
  • Utility Room with Study Area
  • Crawl Space
  • Full Attic

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • Bathroom on Main Level
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry on main level
  • Electric Dryer Hookup

Outdoor Features

  • Porch

Schools

  • Seth Paine Elementary School
  • Lake Zurich Middle - N Campus
  • Lake Zurich High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • Lake Zurich Manor Subdivision, Ranch Floorplan

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,135

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Subdivision Name: Lake Zurich Manor
  • Year Built: 1950
  • Age: 71-80 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: First Floor Bedroom, First Floor Laundry, First Floor Full Bath, Open Floorplan
  • LivingArea: 1230
  • Room Type: Study
  • Estimated Total Finished Sq Ft: 1230
  • Basement Description: Crawl
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 1230
  • Total Sq Ft: 1230
  • Attic: Full
  • Main Level Sq Ft: 1230
  • Window Features: None
  • ResoLivingAreaSource: Plans

Exterior Features

  • ExteriorFeatures: Porch
  • Foundation Details: Concrete Perimeter
  • List Price: 230000
  • Lot Features: Fenced Yard
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Cedar

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Driveway
  • ParkingTotal: 6
  • Number of Cars: 8
  • Driveway: Asphalt
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas
  • Laundry Features: Electric Dryer Hookup, In Unit
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Street Paved
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Seth Paine Elementary School
  • High School: Lake Zurich High School
  • Middle/Junior School: Lake Zurich Middle - N Campus
  • Middle/Junior School District: 95

Lot Info

  • Lot Size Acres: 0.303
  • Lot Dimensions: 66X173X109X139
  • Rural (Y/N): N
  • Lot Size: .25-.49 Acre
  • Special Assessments: N
  • Zero Lot Line: No

Rental Info

  • Board Number: 2

Tax Info

  • Tax Annual Amount: 5134.92
  • Tax Year: 2022
  • Tax Exemptions: Homeowner

MLS Schools

  • Othr Public Sch: College of Lake County

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 2, 2024
Closed on
Sep 9, 2024
Sold by
Red Brick Construction Inc
Bought by
Mostovoy Vadim and Mostovoy Marina
Seller's Agent
Celeste Barr
eXp Realty
Buyer's Agent
Irena Godin
Barr Agency, Inc
List Price
$479,900
Sold Price
$490,000
Premium/Discount to List
$10,100
2.1%
Views
26
Current Estimated Value
$472,463

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$17,537
Avg. Annual Appreciation
-5.33%
Original Mortgage
$389,600
Outstanding Balance
$387,382
Interest Rate
7.13%
Mortgage Type
New Conventional
Estimated Equity
$79,572

Purchase Details

Listed on
Sep 8, 2023
Closed on
Sep 22, 2023
Sold by
Cynthia Elizabeth Quebbemann Revocable T
Bought by
Red Brick Counstruction Inc
Seller's Agent
Celeste Barr
eXp Realty
Buyer's Agent
Ricardo Camacho
eXp Realty
List Price
$230,000
Sold Price
$172,000
Premium/Discount to List
-$58,000
-25.22%
Views
37

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
197.59%

Purchase Details

Closed on
Aug 31, 2015
Sold by
Quebbemann Cynthia E
Bought by
Quebbemann Cynthia Elizabeth and Quebbemann Cynthia Elizabeth

Purchase Details

Listed on
Jun 14, 2012
Closed on
Sep 21, 2012
Sold by
Brennan Justin J and Brennan Angela M
Bought by
Quebbemann Cynthia E
Seller's Agent
Catherine Schmidt
Compass
Buyer's Agent
Lynn Dahl
Berkshire Hathaway HomeServices Starck Real Estate
List Price
$159,900
Sold Price
$159,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.68%
Original Mortgage
$149,246
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 27, 2005
Sold by
Estacion Ricky E and Estacion Lee Ann
Bought by
Brennan Justin J and Brennan Angela N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,200
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage
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 $490,000 Old Republic Title
Deed $172,000 Chicago Title
Interfamily Deed Transfer -- Attorney
Warranty Deed $159,900 1St American Title
Warranty Deed $228,000 Multiple
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $389,600 New Conventional
Previous Owner $100,000 New Conventional
Previous Owner $149,246 FHA
Previous Owner $175,000 New Conventional
Previous Owner $182,200 Purchase Money Mortgage
Previous Owner $168,000 Fannie Mae Freddie Mac
Previous Owner $148,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/11/2024 09/11/24 Sold $490,000 +2.1% $223 / Sq Ft
08/06/2024 08/06/24 Pending -- -- --
07/31/2024 07/31/24 For Sale $479,900 +179.0% $218 / Sq Ft
09/25/2023 09/25/23 Sold $172,000 -25.2% $140 / Sq Ft
09/12/2023 09/12/23 Pending -- -- --
09/08/2023 09/08/23 For Sale $230,000 +43.8% $187 / Sq Ft
09/21/2012 09/21/12 Sold $159,900 0.0% $148 / Sq Ft
08/17/2012 08/17/12 Pending -- -- --
08/13/2012 08/13/12 For Sale $159,900 0.0% $148 / Sq Ft
07/23/2012 07/23/12 Pending -- -- --
07/20/2012 07/20/12 Price Changed $159,900 -5.3% $148 / Sq Ft
07/20/2012 07/20/12 For Sale $168,900 0.0% $156 / Sq Ft
07/03/2012 07/03/12 Pending -- -- --
06/14/2012 06/14/12 For Sale $168,900 -- $156 / 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 $5,602 $86,274 $22,378 $63,896
2023 $5,135 $79,204 $20,544 $58,660
2022 $5,135 $71,180 $15,247 $55,933
2021 $4,951 $69,356 $14,856 $54,500
2020 $4,862 $69,356 $14,856 $54,500
2019 $4,789 $68,751 $14,726 $54,025
2018 $3,718 $54,929 $15,842 $39,087
2017 $3,690 $54,267 $15,651 $38,616
2016 $3,609 $52,548 $15,155 $37,393
2015 $3,544 $50,051 $14,435 $35,616
2014 $3,184 $45,129 $13,634 $31,495
2012 $3,313 $45,224 $13,663 $31,561
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11871324

Midwest Real Estate Data (MRED)

APN: 14-18-216-006