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2515 West Magnolia Lane

2515 West Magnolia Lane, Round Lake, IL 60073
Property in Silver Leaf Glen
Sold May 06, 2015
$240,000
$235,653 by Guaranteed Rate Inc
Mortgage Due May 01, 2045
Sold Sep 23, 2003
$314,000
$251,000 by Ryland Mortgage Co
Mortgage Due Sep 01, 2033
2515 West Magnolia Lane has been categorized by the local assessors in Round Lake, IL as a residential type of property. The building on the property was first built in 2003 and is 21 years old. The home has a total of 10 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 2515 West Magnolia Lane has 2,823 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,500 ft and across the front of the lot is 800 ft. The area measurement of the land has been determined as 12,001 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a unknown 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 556 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 exterior walls of the building are made of alum/vinyl siding. 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. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. The property was last sold in Apr 10, 2015 for $240,000. That's $54.89 per sqft. Prior to that sales transaction, the property was also sold in Aug 22, 2003 for $314,000. 2515 West Magnolia Lane was last assessed in 2023. The total value of the property was assessed at $116,417. Specifically, the land the property is located on was valued at $21,445. While improvements on the property were assessed at a total of $94,972. 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 $9,285. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! 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: 2003
  • Effective Year Built: 2003
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C+
  • Building Style: Unknown
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 2
  • Basement Type: Unspecified basement
  • Basement Area: 993
  • Garage Type: Attached
  • Garage Square Area: 556
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 12,001
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 800
  • Total Building Area: 4,372
  • Gross Building Area: 4,372
  • Building Area: 2,823
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 2,823
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: SILVER LEAF GLEN UNIT ONE SUB
  • Land Acres: 0.276
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SILVER LEAF GLEN UNIT ONE SUB; LOT 19

Ownership

  • Current Owner : FOOTE DUANE
  • Previous Owner : KIM JUNG SOO
  • Previous Owner 2: KIM YOUNG JU
  • Owner Before Previous Owner: THE RYLAND GROUP INC
  • Is Owner Occupied: Owner-occupied property
  • Owner Generation Identifier: JR

Neighborhood

  • School District Name: Big Hollow School District 38
  • Census Tract: 860906

Geography

  • District: GRANT
  • Parcel: 05-23-404-011
  • Lot: 19
  • Municipality: TWP OF GRANT
  • Latitude: 42.3619
  • Longitude: -88.1429

    Address

  • Full Address: 2515 W Magnolia Ln
  • Legal Unit: 1
  • Address - House Number: 2515
  • Street Direction: W
  • Address - Street Name: Magnolia
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Round Lake
  • Carrier Code: R009
  • 4-Digit Zip Code: 5253
  • Zip Code: 60073

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $9,285
  • Tax Rate Code Area: 6021

    Appraisal Valuation

  • Standard Deviation: 0.1736
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 77
  • Final Value: 391,077
  • High Value: 458,983
  • Low Value: 323,171

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $293,526
  • First Open Lien Mortgage Lender: GUARANTEED RATE INC
  • First Open Lien Mortgage Recording Date: May 06, 2015
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $235,653
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: May 01, 2045
  • Second Open Lien Mortgage Lender: US BANK NA
  • Second Open Lien Mortgage Recording Date: Sep 15, 2017
  • Second Open Lien Mortgage Loan Amount: $57,873
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: FHA
  • Second Open Lien Mortgage Loan Due Date: Sep 01, 2047

    Market Valuation

  • Market Total Value: $349,285
  • Market Land Value: $64,341
  • Market Improvement Value: $284,944

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $116,417
  • Assessed Land Value: $21,445
  • Assessed Improvements Value: $94,972

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 10, 2015
  • Current Sale Recording Date: May 06, 2015
  • Current Sale Transaction ID: 1224201569
  • Current Sale Price: $240,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 7192231
  • Previous Sale Recording Date: Sep 23, 2003
  • Previous Sale Contract Date: Aug 22, 2003
  • Previous Sale Amount: $314,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: May 06, 2015
  • First Mortgage Loan Amount: $235,653
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: May 01, 2045

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: RYLAND MORTGAGE CO
  • Previous Mortgage Transaction Date: Sep 23, 2003
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $251,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Sep 01, 2033

About Silver Leaf Glen



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Frequently Asked Questions

What neighborhood is 2515 West Magnolia Lane located in?
The 2515 West Magnolia Lane is a located in the neighborhood of Silver Leaf Glen in Silver Leaf Glen, Round Lake.
What is the average sales price for listings in 2515 West Magnolia Lane?
The average sales price for units in 2515 West Magnolia Lane is $0 currently.

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