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2526 Burgundy Lane

2526 Burgundy Lane, Northbrook, IL 60062
House in Northfield
Sold Aug 30, 2021
$550,000
$250,000 by Cmg Mortgage Inc
Mortgage Due Sep 01, 2036
Sold Apr 02, 2021
$360,000
2526 Burgundy Lane in Northbrook, IL was first built in 1977 and is 47 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a ranch/rambler style. It is a single story home. There are a total of 7 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 2526 Burgundy Lane has 2,360 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 5,496 square feet.

Learn more about the property and building on this page. The roof of the home is made of asphalt. For those who need parking, there is a attached garage. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with masonry control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of masonry. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter 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, 2526 Burgundy Lane was last sold in Aug 10, 2021 for $550,000. According to our calculations, that's $233.05 per sqft. Prior to that sales transaction, the property was sold for $360,000 in Jan 21, 2021. Current property owners are expected to pay $8,870 in taxes per year. The property on 2526 Burgundy Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $42,000. To break that down further, the land itself was valued at $13,740. While improvements to the property were assessed at a total of $28,260. 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
Cedar Siding

Parking

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

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 5,496
  • Total Building Area: 2,360
  • Gross Building Area: 2,360
  • Building Area: 2,360
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 2,360
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: VILLAS WEST
  • Land Acres: 0.126
  • Standard Land Use Code: Single family residential
  • Legal Description 1: (VILLAS)(WEST) SUB OF PT OF LT1 IN COUNTY CLERKS DIV OF THE NE TOGETHER WITH PT OF THE NE NW OF NH SEC 21-42-12

Ownership

  • Current Owner : HOROWITZ AARON
  • Current Owner 2: HOROWITZ DONNA
  • Previous Owner : HOMEWARX LLC
  • Owner Before Previous Owner: PEARLMAN MIHAELA CARAMALIU
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Northbrook/Glenview School District 30
  • Census Tract: 801608

Geography

  • District: 25
  • Parcel: 04-21-108-026-0000
  • Block: 6
  • Lot: 1
  • Meridian: SEC 21 TWN 42N RNG 12E
  • Municipality: NORTHFIELD
  • Latitude: 42.1075
  • Longitude: -87.8399

    Address

  • Full Address: 2526 Burgundy Ln
  • Address - House Number: 2526
  • Address - Street Name: Burgundy
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Northbrook
  • Carrier Code: C032
  • 4-Digit Zip Code: 7026
  • Zip Code: 60062

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $8,870
  • Tax Rate Code Area: 25037

    Appraisal Valuation

  • Standard Deviation: 0.2276
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 611,021
  • High Value: 750,139
  • Low Value: 471,904

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $250,000
  • First Open Lien Mortgage Lender: CMG MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Aug 30, 2021
  • First Open Lien Mortgage Financing Type: Unknown
  • First Open Lien Mortgage Loan Amount: $250,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2036

    Market Valuation

  • Market Total Value: $420,000
  • Market Land Value: $137,400
  • Market Improvement Value: $282,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $42,000
  • Assessed Land Value: $13,740
  • Assessed Improvements Value: $28,260

    Sales

  • Current Sale Contract Date: Aug 10, 2021
  • Current Sale Recording Date: Aug 30, 2021
  • Current Sale Transaction ID: 11853831637
  • Current Sale Price: $550,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2124228120
  • Previous Sale Recording Date: Apr 02, 2021
  • Previous Sale Contract Date: Jan 21, 2021
  • Previous Sale Amount: $360,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CMG MORTGAGE INC
  • First Mortgage Transaction Date: Aug 30, 2021
  • First Mortgage Loan Amount: $250,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2036

    Financing

  • First Mortgage Financing Type: Unknown

About Northbrook



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Nearby Rentals

Unit for rent at 1968 Brentwood Lane, Northbrook, IL, 60062

$3,995 /mo

  • 3 Beds
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1968 Brentwood Lane #1968, Northbrook, IL, 60062 Listing by Val Napadov

Frequently Asked Questions

What neighborhood is 2526 Burgundy Lane located in?
The 2526 Burgundy Lane is a house located in the neighborhood of Northfield in Northbrook, Northbrook.
What is the average sales price for listings in 2526 Burgundy Lane?
The average sales price for units in 2526 Burgundy Lane is $0 currently.

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