See Home Value
$337,636*
House - Off Market

508 Penny Lane

Grayslake, IL 60030
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2374 Sqft
$270,000 - $330,000
Reference Base Price*
12.55%
Since Nov 1, 2021
National-US
Primary Model
Sold Jan 07, 2021
$114,500
$306,900 by Prosperity Home Mortgage Llc
Mortgage Due Sep 01, 2050
Sold May 23, 2007
$317,500
$254,000 by Washington Mutual Bank Fa
Mortgage Due May 01, 2037

About This Property

LOCATION! Near schools and trails!  Enter the two story foyer and living room surrounded by soaring ceiling and natural sunlight. The adjoining dining room is currently used as a cozy family room. Then walk into a wonderful huge country kitchen! Renovated from top to bottom an HG-TV kitchen beauty. Everything is here from enormous cabinetry and counters, some stainless steel high end appliances, and new lighting fixtures. This hub of the house is huge and built for large gatherings around the table. A "foodies" bliss all around. The second story provides more living space with a Master Suite and bath, cathedral ceilings and huge walk-in closet. Three more large bedrooms complete this floor. The second floor bathroom includes two sinks to minimize squabbles. A partially finished basement is ready for your final touches but wait ... there is a fifth bedroom that is completely finished and ready for use! Don't miss the outside Pergola, patio, fully fenced yard, and burning pit area. Fun for all gatherings. Enjoy the bonus space of the three car garage. Close to Metra, and minutes from historic Grayslake downtown and Thursday Farmers Market. A/C and Furnace replaced in 2017.  New roof and new windows!  This is a great home. Don't miss this one it won't last.

The manager has listed the unit size as 2374 square feet.
Unit Size
2,374Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$126
Property Type
House
Property Taxes
$10,372
HOA Dues
-
Year Built
1993

Price History

Date / Event Date Event Price
Oct 6, 2021 No longer available -
No longer available
Jan 7, 2021 Sold to Oscar Chavarria Jr, Paige C... $114,500
Sold to Oscar Chavarria Jr, Paige C...
Jul 21, 2020 In contract -
In contract
Jul 13, 2020 Listed $300,000
Listed

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 1993
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Conventional
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 1,094
  • Garage Type: Attached
  • Garage Square Area: 642
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 8,533
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 710
  • Total Building Area: 4,110
  • Gross Building Area: 4,110
  • Building Area: 2,374
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,374
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: ENGLISH MEADOWS UNIT 3B
  • Land Acres: 0.196
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ENGLISH MEADOWS UNIT 3B; LOT 126

Ownership

  • Current Owner : CHAVARRIA OSCAR
  • Current Owner 2: CHAVARRIA PAIGE
  • Previous Owner : CARNEY SEAN P
  • Previous Owner 2: CARNEY JENNIFER L
  • Owner Before Previous Owner: GOOD THOMAS V
  • Owner Before Previous Owner 2: GOOD NANCY R
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety
  • Owner Generation Identifier: JR

Neighborhood

  • School District Name: Grayslake Consolidated Community School District 46
  • Census Tract: 861107

Geography

  • District: AVON
  • Parcel: 06-22-205-002
  • Lot: 126
  • Municipality: TWP OF AVON
  • Latitude: 42.3698
  • Longitude: -88.053

    Address

  • Full Address: 508 Penny Ln
  • Legal Unit: 3B
  • Address - House Number: 508
  • Address - Street Name: Penny
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Grayslake
  • Carrier Code: R008
  • 4-Digit Zip Code: 3750
  • Zip Code: 60030

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3
  • Tax Rate Code Area: 7013

    Appraisal Valuation

  • Standard Deviation: 0.1697
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 78
  • Final Value: 390,099
  • High Value: 456,323
  • Low Value: 323,876

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $306,900
  • First Open Lien Mortgage Lender: PROSPERITY HOME MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Jan 07, 2021
  • First Open Lien Mortgage Financing Type: Multiple Loan Amounts
  • First Open Lien Mortgage Loan Amount: $306,900
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2050

    Market Valuation

  • Market Total Value: $315,259
  • Market Land Value: $63,855
  • Market Improvement Value: $251,404

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $105,076
  • Assessed Land Value: $21,283
  • Assessed Improvements Value: $83,793

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 20, 2020
  • Current Sale Recording Date: Jan 07, 2021
  • Current Sale Transaction ID: 11816974964
  • Current Sale Price: $114,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 7735548
  • Previous Sale Recording Date: May 23, 2007
  • Previous Sale Contract Date: Apr 04, 2007
  • Previous Sale Amount: $317,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PROSPERITY HOME MORTGAGE LLC
  • First Mortgage Transaction Date: Jan 07, 2021
  • First Mortgage Loan Amount: $306,900
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Sep 01, 2050

    Financing

  • First Mortgage Financing Type: Multiple Loan Amounts

    Previous Mortgages

  • Previous Mortgage Lender: WASHINGTON MUTUAL BANK FA
  • Previous Mortgage Transaction Date: May 23, 2007
  • Previous Mortgage Loan Amount: $254,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Unknown (DEFAULT)
  • Previous Mortgage Loan Due Date: May 01, 2037



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About English Meadows


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Frequently Asked Questions

When was property at 508 Penny Lane built and last sold?
The property at 508 Penny Lane was built in 1993 and last sold on Aug 20, 2020 for $114,500.
How much is this home worth?
The estimated value of the home located at 508 Penny Lane is $288,081.
What are some comparable homes to 508 Penny Lane?
There are currently no comparable homes to 508 Penny Lane.

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