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1025 Michaels Lane

1025 Michaels Lane, Libertyville, IL 60048
Sold May 06, 2021
$380,000
$303,920 by Crosscountry Mortgage Llc
Mortgage Due May 01, 2041
Sold Oct 15, 2015
$286,000
$228,800 by Wintrust Mortgage
Mortgage Due Nov 01, 2045
1025 Michaels Lane in Libertyville, IL was first built in 1969 and is 55 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a split level style. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 1025 Michaels Lane has 1,402 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 10,184 square feet.

Learn more about the property and building on this page. The quality of the control joints have been graded by the local assessor with a letter grade of B. The condition of the building has been evaluated as average. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. The property was last sold in Apr 20, 2021 for $380,000. That's $197.71 per sqft. Prior to that sales transaction, the property was also sold in Oct 5, 2015 for $286,000. 1025 Michaels Lane was last assessed in 2023. The total value of the property was assessed at $127,412. Specifically, the land the property is located on was valued at $61,279. While improvements on the property were assessed at a total of $66,133. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $10,091. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: B
  • Building Style: Split level
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 520
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 10,184
  • Total Building Area: 1,922
  • Gross Building Area: 1,922
  • Building Area: 1,402
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 1,402
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CAMBRIDGE LIBERTYVILLEUNIT 5
  • Land Acres: 0.234
  • Standard Land Use Code: Single family residential
  • Legal Description 1: CAMBRIDGE LIBERTYVILLEUNIT 5; LOT 141

Ownership

  • Current Owner : LANG DAVID
  • Current Owner 2: LANG KATHRYN J
  • Previous Owner : MAZUR MICHAL
  • Previous Owner 2: MAZUR KRISTIN N
  • Owner Before Previous Owner: THOMAS GARY L
  • Owner Before Previous Owner 2: GROVE SHARON A
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Libertyville Community High School District 128
  • Census Tract: 863801

Geography

  • Assessors Map Reference: 2591-E7
  • District: LIBERTYVILLE
  • Parcel: 11-27-104-003
  • Lot: 141
  • Municipality: TWP OF LIBERTYVILLE
  • Latitude: 42.2675
  • Longitude: -87.9445

    Address

  • Full Address: 1025 Michaels Ln
  • Legal Unit: 5
  • Address - House Number: 1025
  • Address - Street Name: Michaels
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Libertyville
  • Carrier Code: C024
  • 4-Digit Zip Code: 3714
  • Zip Code: 60048

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $10,091
  • Tax Rate Code Area: 11055

    Appraisal Valuation

  • Standard Deviation: 0.1717
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 78
  • Final Value: 451,790
  • High Value: 529,373
  • Low Value: 374,207

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $303,920
  • First Open Lien Mortgage Lender: CROSSCOUNTRY MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: May 06, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $303,920
  • First Open Lien Mortgage Term: 240
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: May 01, 2041

    Market Valuation

  • Market Total Value: $382,274
  • Market Land Value: $183,855
  • Market Improvement Value: $198,419

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $127,412
  • Assessed Land Value: $61,279
  • Assessed Improvements Value: $66,133

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 20, 2021
  • Current Sale Recording Date: May 06, 2021
  • Current Sale Transaction ID: 11839700793
  • Current Sale Price: $380,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 7784732
  • Previous Sale Recording Date: Oct 15, 2015
  • Previous Sale Contract Date: Oct 05, 2015
  • Previous Sale Amount: $286,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CROSSCOUNTRY MORTGAGE LLC
  • First Mortgage Transaction Date: May 06, 2021
  • First Mortgage Loan Amount: $303,920
  • First Mortgage Terms: 240
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2041

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: WINTRUST MORTGAGE
  • Previous Mortgage Transaction Date: Oct 15, 2015
  • Previous Mortgage Financing Type: Unknown
  • Previous Mortgage Loan Amount: $228,800
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Nov 01, 2045

About Red Top Farm of Libertyville



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Frequently Asked Questions

What neighborhood is 1025 Michaels Lane located in?
The 1025 Michaels Lane is a located in the neighborhood of Red Top Farm of Libertyville in Red Top Farm of Libertyville, Libertyville.
What is the average sales price for listings in 1025 Michaels Lane?
The average sales price for units in 1025 Michaels Lane is $0 currently.

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