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1584 Coral Reef Way

1584 Coral Reef Way, Lake Zurich, IL 60047
Sold Nov 15, 2016
$320,000
$304,000 by Movement Mortgage
Mortgage Due Dec 01, 2046
Sold Oct 18, 2005
$330,000
$210,000 by Chicago Funding Inc
Mortgage Due Oct 01, 2035
1584 Coral Reef Way has been categorized by the local assessors in Lake Zurich, IL as a residential type of property. The building on the property was first built in 1978 and is 46 years old. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 3 stories. In addition, 1584 Coral Reef Way has 1,213 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 8,999 square feet.

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 460 sqft. According to our sources, there are a total of 2 available parking spaces. 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 B 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, 1584 Coral Reef Way was last sold in Oct 12, 2016 for $320,000. According to our calculations, that's $191.27 per sqft. Prior to that sales transaction, the property was sold for $330,000 in Sep 16, 2005. Current property owners are expected to pay $7,050 in taxes per year. The property on 1584 Coral Reef Way was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $106,173. To break that down further, the land itself was valued at $22,941. While improvements to the property were assessed at a total of $83,232. 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. 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.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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: B
  • Floor Count: 3
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 460
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 8,999
  • Total Building Area: 1,673
  • Gross Building Area: 1,673
  • Building Area: 1,213
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 1,213
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: COUNTRYSIDE OF LAKE ZURICH UNIT NO 2A
  • Land Acres: 0.207
  • Standard Land Use Code: Single family residential
  • Legal Description 1: COUNTRYSIDE OF LAKE ZURICH UNIT NO 2A LOT 9 BLOCK 5

Ownership

  • Current Owner : GEMEIN MARK R
  • Current Owner 2: KUCZMARSKI JAQULYN A
  • Previous Owner : YOON BRIAN Y
  • Previous Owner 2: YOON CINDY H
  • Owner Before Previous Owner: HANSEN JOAN M
  • Owner Before Previous Owner 2: MAZUR JOAN M
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Lake Zurich Community Unit School District 95
  • Census Tract: 864412

Geography

  • Assessors Map Reference: 2699-A6
  • District: ELA
  • Parcel: 14-28-308-006
  • Block: 5
  • Lot: 9
  • Municipality: TWP OF ELA
  • Latitude: 42.1722
  • Longitude: -88.0775

    Address

  • Full Address: 1584 Coral Reef Way
  • Legal Unit: 2A
  • Address - House Number: 1584
  • Address - Street Name: Coral Reef
  • Address - Suffix Type: Way
  • State: IL
  • City Name: Lake Zurich
  • Carrier Code: C007
  • 4-Digit Zip Code: 2922
  • Zip Code: 60047

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,050
  • Tax Rate Code Area: 15059

    Appraisal Valuation

  • Standard Deviation: 0.1699
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 78
  • Final Value: 391,805
  • High Value: 458,388
  • Low Value: 325,221

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $304,000
  • First Open Lien Mortgage Lender: MOVEMENT MORTGAGE
  • First Open Lien Mortgage Recording Date: Nov 15, 2016
  • First Open Lien Mortgage Financing Type: Unknown
  • First Open Lien Mortgage Loan Amount: $304,000
  • 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: Dec 01, 2046

    Market Valuation

  • Market Total Value: $318,551
  • Market Land Value: $68,830
  • Market Improvement Value: $249,721

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $106,173
  • Assessed Land Value: $22,941
  • Assessed Improvements Value: $83,232

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 12, 2016
  • Current Sale Recording Date: Nov 15, 2016
  • Current Sale Transaction ID: 1872291870
  • Current Sale Price: $320,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 7347370
  • Previous Sale Recording Date: Oct 18, 2005
  • Previous Sale Contract Date: Sep 16, 2005
  • Previous Sale Amount: $330,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MOVEMENT MORTGAGE
  • First Mortgage Transaction Date: Nov 15, 2016
  • First Mortgage Loan Amount: $304,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2046

    Financing

  • First Mortgage Financing Type: Unknown

    Previous Mortgages

  • Previous Mortgage Lender: CHICAGO FUNDING INC
  • Previous Mortgage Transaction Date: Oct 18, 2005
  • Previous Mortgage Loan Amount: $210,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Oct 01, 2035

About Countryside of Lake Zurich South



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Frequently Asked Questions

What neighborhood is 1584 Coral Reef Way located in?
The 1584 Coral Reef Way is a located in the neighborhood of Countryside of Lake Zurich South in Countryside of Lake Zurich South, Lake Zurich.
What is the average sales price for listings in 1584 Coral Reef Way?
The average sales price for units in 1584 Coral Reef Way is $0 currently.

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