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1161 Geneva Lane

1161 Geneva Lane, Lake Zurich, IL 60047
Property in Knollwood
Sold Jun 27, 2019
$212,500
$148,750 by Waterstone Mortgage Corp
Mortgage Due Jul 01, 2049
Sold Mar 03, 2010
$163,000
Local assessors in Lake Zurich, IL have categorized 1161 Geneva Lane as a residential type of property. The home was built in 1974 and is 50 years old. The property's lot size has been calculated to be 5,898 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a townhouse style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 8 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1161 Geneva Lane has a total of 1,938 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 264 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Moving onto specific details regarding the building. Our sources show that the building condition is average. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - B. Lots of brick were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The property was last sold in Jun 14, 2019 for $212,500. That's $67.65 per sqft. Prior to that sales transaction, the property was also sold in Nov 4, 2009 for $163,000. 1161 Geneva Lane was last assessed in 2023. The total value of the property was assessed at $74,221. Specifically, the land the property is located on was valued at $14,132. While improvements on the property were assessed at a total of $60,089. 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 $5,116. 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! 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: 1974
  • Effective Year Built: 1974
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: B
  • Building Style: Townhouse
  • Exterior Walls Type: Brick
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 939
  • Garage Type: Attached
  • Garage Square Area: 264
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 5,898
  • Total Building Area: 3,141
  • Gross Building Area: 3,141
  • Building Area: 1,938
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 1,938
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: PT GOVT
  • Land Acres: 0.135
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: PT GOVT LOT 1 NW1/4; UNIT T-7 & 1.6640% INT IN COMMON ELEME NTS IN KNOLLWOOD CONDO PER DOCS 1675994, 1679988,1707855, 17 40760, 1748254, 1884884, 4480749 IN SECTION 19 TOWNSHIP 43

Ownership

  • Current Owner : WATKINS LISA
  • Previous Owner : MURPHY JOSEPH D
  • Previous Owner 2: MURPHY LESLEY A
  • Owner Before Previous Owner: US BANK NATIONAL ASSOCIATION
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Lake Zurich Community Unit School District 95
  • Census Tract: 864408

Geography

  • Assessors Map Reference: 2698-C3
  • District: ELA
  • Section: 19
  • Parcel: 14-19-101-007
  • Lot: 1
  • Meridian: SEC 19 TWN 43N RNG 10E
  • Municipality: TWP OF ELA
  • Latitude: 42.1968
  • Longitude: -88.1155

    Address

  • Full Address: 1161 Geneva Ln
  • Legal Unit: T-7
  • Address - House Number: 1161
  • Address - Street Name: Geneva
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Lake Zurich
  • Carrier Code: C002
  • 4-Digit Zip Code: 2239
  • Zip Code: 60047

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,116
  • Tax Rate Code Area: 15059

    Appraisal Valuation

  • Standard Deviation: 0.1482
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 82
  • Final Value: 277,217
  • High Value: 318,321
  • Low Value: 236,113

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $148,750
  • First Open Lien Mortgage Lender: WATERSTONE MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Jun 27, 2019
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $148,750
  • 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, 2049

    Market Valuation

  • Market Total Value: $222,685
  • Market Land Value: $42,400
  • Market Improvement Value: $180,285

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $74,221
  • Assessed Land Value: $14,132
  • Assessed Improvements Value: $60,089

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 14, 2019
  • Current Sale Recording Date: Jun 27, 2019
  • Current Sale Transaction ID: 11620058343
  • Current Sale Price: $212,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 7572319
  • Previous Sale Recording Date: Mar 03, 2010
  • Previous Sale Contract Date: Nov 04, 2009
  • Previous Sale Amount: $163,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WATERSTONE MORTGAGE CORP
  • First Mortgage Transaction Date: Jun 27, 2019
  • First Mortgage Loan Amount: $148,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2049

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Knollwood



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Frequently Asked Questions

What neighborhood is 1161 Geneva Lane located in?
The 1161 Geneva Lane is a located in the neighborhood of Knollwood in Knollwood, Lake Zurich.
What is the average sales price for listings in 1161 Geneva Lane?
The average sales price for units in 1161 Geneva Lane is $0 currently.

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