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115 Lilac Lane

115 Lilac Lane, Buffalo Grove, IL 60089
Sold Jul 08, 2022
$404,000
$323,200 by Union Savings Bank
Mortgage Due Jul 01, 2052
115 Lilac Lane has been categorized by the local assessors in Buffalo Grove, IL as a residential type of property. The building on the property was first built in 1979 and is 45 years old. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. In addition, 115 Lilac Lane has 1,452 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 7,841 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a split level style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 492 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying both a unknown and a unknown. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of C+ by the local assessor. The inside of the home is being cooled with central air conditioning at the moment. There is a single fireplace in the home. Perfect for those wintery nights. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 115 Lilac Lane was last sold in Jun 22, 2022 for $404,000. According to our calculations, that's $207.82 per sqft. Current property owners are expected to pay $11,554 in taxes per year. The property on 115 Lilac Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $133,654. To break that down further, the land itself was valued at $28,461. While improvements to the property were assessed at a total of $105,193. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Exterior

Brick Exterior
Vinyl Siding

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C+
  • Building Style: Split level
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 492
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,841
  • Total Building Area: 1,944
  • Gross Building Area: 1,944
  • Building Area: 1,452
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 1,452
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: NORTHWOOD AT BUFFALO GROVE UNIT ONE
  • Land Acres: 0.18
  • Standard Land Use Code: Single family residential
  • Legal Description 1: NORTHWOOD AT BUFFALO GROVE UNIT ONE; LT71 LOT 71

Ownership

  • Current Owner : LINGAIAH LOKESH
  • Current Owner 2: MAHADEVAIAH LEENA
  • Previous Owner : STERN RICHARD E
  • Previous Owner 2: STERN BONNIE R
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Adlai E. Stevenson High School District 125
  • Census Tract: 864520

Geography

  • Assessors Map Reference: 2754-E2
  • District: VERNON
  • Parcel: 15-33-412-002
  • Lot: 71
  • Municipality: TWP OF VERNON
  • Latitude: 42.1566
  • Longitude: -87.9461

    Address

  • Full Address: 115 Lilac Ln
  • Legal Unit: 1
  • Address - House Number: 115
  • Address - Street Name: Lilac
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Buffalo Grove
  • Carrier Code: C067
  • 4-Digit Zip Code: 1847
  • Zip Code: 60089

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $11,554
  • Tax Rate Code Area: 16092

    Appraisal Valuation

  • Standard Deviation: 0.166
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 79
  • Final Value: 460,476
  • High Value: 536,942
  • Low Value: 384,009

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $323,200
  • First Open Lien Mortgage Lender: UNION SAVINGS BANK
  • First Open Lien Mortgage Recording Date: Jul 08, 2022
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $323,200
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2052

    Market Valuation

  • Market Total Value: $401,003
  • Market Land Value: $85,392
  • Market Improvement Value: $315,611

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $133,654
  • Assessed Land Value: $28,461
  • Assessed Improvements Value: $105,193

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 22, 2022
  • Current Sale Recording Date: Jul 08, 2022
  • Current Sale Transaction ID: 11891630939
  • Current Sale Price: $404,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 7918057

    Last Sale Mortgage

  • First Mortgage Lender: UNION SAVINGS BANK
  • First Mortgage Transaction Date: Jul 08, 2022
  • First Mortgage Loan Amount: $323,200
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2052

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About Northwood at Buffalo Grove



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at

$1,900 /mo

  • 1 Bed
  • 1 Bath
Unit for rent at

$2,300 /mo

  • 3 Beds
  • 1.5 Baths
Listing by DANUTA TYSZKA

Frequently Asked Questions

What neighborhood is 115 Lilac Lane located in?
The 115 Lilac Lane is a located in the neighborhood of Northwood at Buffalo Grove in Northwood at Buffalo Grove, Buffalo Grove.
What is the average sales price for listings in 115 Lilac Lane?
The average sales price for units in 115 Lilac Lane is $0 currently.

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