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2563 North Stratford Lane

2563 North Stratford Lane, Round Lake, IL 60073
Property in Silver Oaks
Sold May 15, 2020
$218,500
$214,541 by The Federal Savings Bank
Mortgage Due May 01, 2050
Sold May 15, 2020
$218,500
2563 North Stratford 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 1997 and is 27 years old. The home has a total of 4 bedrooms. Residents will have access to 3 full bathrooms. There are 4 partial bathrooms in the home. The building has a total of 2 stories. In addition, 2563 North Stratford Lane has 1,804 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 7,405 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional 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 400 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. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. 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 roof of the building is made of composition shingle. The exterior walls of the building are made of wood siding. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a forced air unit. There is a single fireplace in the home. Perfect for those wintery nights. The property was last sold in Feb 28, 2020 for $218,500. That's $70.55 per sqft. Prior to that sales transaction, the property was also sold in Feb 3, 2020 for $218,500. 2563 North Stratford Lane was last assessed in 2023. The total value of the property was assessed at $89,367. Specifically, the land the property is located on was valued at $12,116. While improvements on the property were assessed at a total of $77,251. 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 $7,885. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one. 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: 1997
  • Effective Year Built: 1997
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Conventional
  • Exterior Walls Type: Wood siding
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 893
  • Garage Type: Attached
  • Garage Square Area: 400
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,405
  • Total Building Area: 3,097
  • Gross Building Area: 3,097
  • Building Area: 1,804
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,804
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SILVER OAKS UNIT 4 RESUB
  • Land Acres: 0.17
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SILVER OAKS UNIT 4 RESUB; LOT 176

Ownership

  • Current Owner : LYLE MICHELLE
  • Current Owner 2: ALLEN PEARL JOYCE
  • Previous Owner : CARTUS FINANCIAL CORPORATION
  • Owner Before Previous Owner: SPIELMAN JOSEPH
  • Owner Before Previous Owner 2: SPIELMAN SHARON
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Grayslake Community High School District 127
  • Census Tract: 861011

Geography

  • Assessors Map Reference: 2475-B4
  • District: LAKE VILLA
  • Parcel: 06-09-215-038
  • Lot: 176
  • Municipality: TWP OF LAKE VILLA
  • Latitude: 42.3946
  • Longitude: -88.0701

    Address

  • Full Address: 2563 N Stratford Ln
  • Legal Unit: 4
  • Address - House Number: 2563
  • Street Direction: N
  • Address - Street Name: Stratford
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Round Lake Beach
  • Carrier Code: C017
  • 4-Digit Zip Code: 4849
  • Zip Code: 60073

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,885
  • Tax Rate Code Area: 5082

    Appraisal Valuation

  • Standard Deviation: 0.1694
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 78
  • Final Value: 316,077
  • High Value: 369,645
  • Low Value: 262,509

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $214,541
  • First Open Lien Mortgage Lender: THE FEDERAL SAVINGS BANK
  • First Open Lien Mortgage Recording Date: May 15, 2020
  • First Open Lien Mortgage Loan Amount: $214,541
  • 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, 2050

    Market Valuation

  • Market Total Value: $268,128
  • Market Land Value: $36,352
  • Market Improvement Value: $231,776

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $89,367
  • Assessed Land Value: $12,116
  • Assessed Improvements Value: $77,251

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 28, 2020
  • Current Sale Recording Date: May 15, 2020
  • Current Sale Transaction ID: 11760966382
  • Current Sale Price: $218,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 7656763
  • Previous Sale Recording Date: May 15, 2020
  • Previous Sale Contract Date: Feb 03, 2020
  • Previous Sale Amount: $218,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: THE FEDERAL SAVINGS BANK
  • First Mortgage Transaction Date: May 15, 2020
  • First Mortgage Loan Amount: $214,541
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: May 01, 2050

About Silver Oaks



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Frequently Asked Questions

What neighborhood is 2563 North Stratford Lane located in?
The 2563 North Stratford Lane is a located in the neighborhood of Silver Oaks in Silver Oaks, Round Lake.
What is the average sales price for listings in 2563 North Stratford Lane?
The average sales price for units in 2563 North Stratford Lane is $0 currently.

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