NOT LISTED FOR SALE

8 Holly Court Terrace Lake Zurich, IL 60047

Estimated Value: $343,000 - $534,501

2 Beds
1.5 Baths
1,790 Sq Ft
$262/Sq Ft Est. Value

Last Sold July 19, 2023

Last sale price $215,000 $120 Per Sq Ft

Est. 118% increase in value since last sale

Current estimated payment $3,166/month

2 Days on Market

Highlights

  • Mature Trees
  • Property is near a park
  • Ranch Style House
  • Seth Paine Elementary School Rated A
  • Vaulted Ceiling
  • 4-minute walk to Manor Park

About This Home

As of July 2023

Handyman special! This 2-bedroom ranch, converted from a 3-bedroom, has great bones with a large kitchen and fabulous great room addition with beamed and vaulted ceilings, a stone woodburning fireplace with a finished basement underneath built in the 1970's and an awesome sunroom built in the early 2000s with vaulted ceilings, windows overlooking the partially fenced yard(a completely fenced area) with more yard behind and on the side that backs to mature trees with an opening to the park behind! The roof and washer are about 3-5 years old and the dryer is brand new. It needs updating and some TLC, but it is a fabulous sweat equity opportunity for either a long-term home in the popular Lake Zurich area and schools or for an investor! 1 and a half baths and 1.5 car attached garage. Wonderful location on .34 acre cul-de-sac lot backing to the park! This is an as-is sale. Cash, conventional or rehab loans only-it will not pass FHA/VA inspections.

Last Agent to Sell the Property

Mary Owen

Keller Williams Success Realty License #475128359 Listed on: 06/30/2023

Keller Williams Success Realty

Last Buyer's Agent

Aleksandr Katsman

Barr Agency, Inc License #471014228

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,438

Year Built

  • Built in 1955

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 122x46x159x95x82
  • Cul-De-Sac
  • Fenced Yard
  • Paved or Partially Paved Lot
  • Mature Trees

Parking

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

Home Design

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

Interior Spaces

  • 1,790 Sq Ft Home
  • Beamed Ceilings
  • Vaulted Ceiling
  • Wood Burning Fireplace
  • Family Room with Fireplace
  • Living Room
  • Family or Dining Combination
  • Sun or Florida Room
  • Screened Porch
  • Unfinished Attic

Kitchen

  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Partial Basement
  • Basement Cellar

Location

  • Property is near a park

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Two Heating Systems
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,438

Year Built

Built in 1955

Lot Details

0

Parking

1

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
  • Year Built: 1955
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
  • Basement: Partial
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Interior Amenities: Vaulted/Cathedral Ceilings, Hardwood Floors, First Floor Bedroom, Beamed Ceilings
  • LivingArea: 1790
  • Room Type: Sun Room
  • Estimated Total Finished Sq Ft: 2290
  • Assessed Sq Ft: 2360
  • Basement Description: Finished,Cellar
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ FamRm
  • Total Sq Ft: 2290
  • Fireplace Location: Family Room
  • Total Sq Ft: 2290
  • Attic: Unfinished
  • Main Level Sq Ft: 1790
  • Lower Level Sq Ft: 500
  • ResoLivingAreaSource: Assessor

Exterior Features

  • ExteriorFeatures: Porch Screened
  • Foundation Details: Concrete Perimeter
  • List Price: 225000
  • Lot Features: Cul-De-Sac, Fenced Yard, Park Adjacent, Mature Trees
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Cedar

Garage/Parking

  • Garage Spaces: 1
  • Number of Cars: 1
  • 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
  • Heating: Natural Gas, Forced Air, Sep Heating Systems - 2+
  • Laundry Features: In Unit
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Park, Street Paved
  • 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: 0.34
  • Lot Dimensions: 122X46X159X95X82
  • Rural (Y/N): N
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 2

Tax Info

  • Tax Annual Amount: 7438.32
  • Tax Year: 2022
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 11, 2025
Sold by
Sanchez Eduardo S and Steelman Ellen S
Bought by
Eduardo S Sanchez Living Trust and Ellen Susan Steelman Living Trust
Current Estimated Value
$468,875

Purchase Details

Closed on
Mar 18, 2024
Sold by
Northwest Remodeling And Painting Inc
Bought by
Sanchez Eduardo S and Steelman Ellen S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,500
Interest Rate
6.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 27, 2021
Sold by
Rice John and Rice Patricia
Bought by
Rice John and Rice Patricia
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
Eduardo S Sanchez Living Trust -- None Listed On Document
Sanchez Eduardo S $477,000 None Listed On Document
Rice John -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sanchez Eduardo S $238,500
Previous Owner Rice John $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2023 07/19/23 Sold $215,000 -4.4% $120 / Sq Ft
07/03/2023 07/03/23 Pending -- -- --
06/30/2023 06/30/23 For Sale $225,000 -- $126 / 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 $8,141 $121,433 $23,487 $97,946
2023 $8,141 $111,482 $21,562 $89,920
2022 $7,438 $100,418 $16,008 $84,410
2021 $6,787 $97,845 $15,598 $82,247
2020 $6,664 $97,845 $15,598 $82,247
2019 $6,565 $96,992 $15,462 $81,530
2018 $5,237 $77,425 $16,633 $60,792
2017 $5,390 $76,492 $16,433 $60,059
2016 $5,277 $74,070 $15,913 $58,157
2015 $5,193 $70,550 $15,157 $55,393
2014 $4,585 $62,360 $13,867 $48,493
2012 $4,803 $62,491 $13,896 $48,595
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11820519

Midwest Real Estate Data (MRED)

APN: 14-18-201-006