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Inverness 60067
1072 Lanark Lane
$1,330,000
● House - Off Market

1072 Lanark Lane

Inverness, IL 60067
bedrooms
5 Beds
bathrooms
3 Baths, 2 Half Baths
square feet
4,877 Ft²
$8,054
Est. Monthly
2.57%
Cap Rate

About This Property

This beautiful Colonial home in desirable Muirfield subdivision boasts almost 5,000sf of main floor and second floor living space, while situated on a picturesque parcel nestled within the subdivision. The curb appeal is great, but step inside and prepared to be wowed! 9 foot main floor ceilings set the tone. Amazing gourmet double island kitchen with an abundance of rich cabinetry is dazzling. High-end appliances such as SubZero and Wolf are just what you would expect.   An inviting 3-season room overlooking the backyard will quickly become a favorite gathering spot. The generous size family room with fireplace, beam ceiling, elegant wet bar and double French door access to the expansive deck is great. The oversized entry is flanked by the formal living room with fireplace and spacious dining room. The main floor also includes a large mudroom with access to the 3 garage garage. There are also 2 powder rooms on the main level. Upstairs you will find 5 generous sized bedrooms along with 3 baths. The Primary bedroom includes a third fireplace and the stunning primary bath is exceptionally well done. Two of the secondary bedrooms are in a Jack and Jill configuration. One bedroom currently serves as a home office, but does include a wall closet. The basement offers a large recreation area for plenty of fun and additional unfinished space for ample storage or expansion. Outside, the backyard is wonderful. The large deck, stone patio with a built-in firepit and 3-season room all work in concert to create an outdoor oasis, all while surveying the expansive backyard. A home with this many updates is hard to find. A home with this many updates done well, is even harder. It's a must see property.
Unit Size
4,877 Ft²
Days on Market
-
Land Size
1.16 acres
Price per sqft
$282
Property Type
House
Property Taxes
$1,302
HOA Dues
-
Year Built
1986

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Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1986
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 1
  • Construction Type: 6
  • Building Style: 60
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 14
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 50,399
  • Lot Size Depth Feet: 2,170
  • Lot Size Frontage Feet: 2,500
  • Total Building Area: 4,378
  • Gross Building Area: 4,378
  • Building Area: 4,378
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 4,378
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MUIRFIELD OF INVERNESS UNIT2
  • Land Acres: 0000001157
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-08
  • Legal Description 1: (MUIRFIELD) OF (INVERNESS) (UNIT2) SUB OF SEC8 & SEC 07-42-10

Neighborhood

  • School District Name: Palatine Community Consolidated School District 15
  • Census Tract: 803603

Geography

  • District: 29
  • Parcel: 02-08-300-025-0000
  • Lot: 28
  • Meridian: SEC 07 TWN 42N RNG 10E
  • Municipality: PALATINE
  • Latitude: 42.13
  • Longitude: -88.1019

    Address

  • Full Address: 1072 Lanark Ln
  • Legal Unit: 2
  • Address - House Number: 1072
  • Address - Street Name: Lanark
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Inverness
  • Carrier Code: C006
  • 4-Digit Zip Code: 4240
  • Zip Code: 60067

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,516,805
  • Tax Rate Code Area: 29053

    Appraisal Valuation

  • Standard Deviation: 0.2246
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 69
  • Final Value: 995,626
  • High Value: 1,219,301
  • Low Value: 771,951

    Market Valuation

  • Market Total Value: $593,380
  • Market Land Value: $151,200
  • Market Improvement Value: $442,180

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $59,338
  • Assessed Land Value: $15,120
  • Assessed Improvements Value: $44,218

    Sales

  • Current Sale Contract Date: Nov 30, 2006
  • Current Sale Recording Date: Dec 19, 2006
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 0635326081
  • Previous Sale Recording Date: Apr 29, 1999
  • Previous Sale Contract Date: Apr 26, 1999
  • Previous Sale Amount: $707,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

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Frequently Asked Questions

When was property at 1072 Lanark Lane built and last sold?
The property at 1072 Lanark Lane was built in 1986 and last sold on Nov 30, 2006 for $880,000.
How much is this home worth?
The estimated value of the home located at 1072 Lanark Lane is $1,388,750.
What are some comparable homes to 1072 Lanark Lane?
There are currently no comparable homes to 1072 Lanark Lane.