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524 Penny Lane

524 Penny Lane, Crystal Lake, IL 60014
Property in Algonquin
Sold May 31, 2012
$116,500
$114,389 by American Fidelity Mortgage Ser
Mortgage Due Jun 01, 2042
Local assessors in Crystal Lake, IL have categorized 524 Penny Lane as a residential type of property. The home was built in 1992 and is 32 years old. The property's lot size has been calculated to be 94,284 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a condo style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 524 Penny Lane has a total of 1,480 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home's a heating system is the primary heating source. 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, 524 Penny Lane was last sold in May 25, 2012 for $116,500. According to our calculations, that's $78.72 per sqft. Current property owners are expected to pay $5,017 in taxes per year. The property on 524 Penny Lane was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $58,562. To break that down further, the land itself was valued at $12,595. While improvements to the property were assessed at a total of $45,967. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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: 1992
  • Effective Year Built: 1992
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Style: Condo
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 94,284
  • Total Building Area: 1,480
  • Building Area: 1,480
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Yes
  • Heated Square Feet: 1,480
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ESSEX VILL CONDO ASSN PHASE 9
  • Land Acres: 2.164
  • Standard Land Use Code: Residential (general) (single)
  • Legal Description 1: DOC 2012R0023588 UNIT 9-28-C-524 ESSEX VILL CONDO ASSN PHASE 9

Ownership

  • Current Owner : PATTON JEFFREY
  • Current Owner 2: PATTON CARLIE J
  • Previous Owner : THOMPSON T STEPHEN
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Crystal Lake Community Consolidated School District 47
  • Census Tract: 871208

Geography

  • Subdivision Phase Number: 9
  • Parcel: 19-19-209-017
  • Block: 209
  • Municipality: ALGONQUIN TWP
  • Latitude: 42.1964
  • Longitude: -88.3424

    Address

  • Full Address: 524 Penny Ln
  • Legal Unit: 9-28
  • Address - House Number: 524
  • Address - Street Name: Penny
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Crystal Lake
  • Carrier Code: R011
  • 4-Digit Zip Code: 2708
  • Zip Code: 60014

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,017
  • Tax Rate Code Area: 19047

    Appraisal Valuation

  • Standard Deviation: 0.159
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 80
  • Final Value: 248,238
  • High Value: 287,726
  • Low Value: 208,750

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $149,489
  • First Open Lien Mortgage Lender: AMERICAN FIDELITY MORTGAGE SER
  • First Open Lien Mortgage Recording Date: May 31, 2012
  • First Open Lien Mortgage Loan Amount: $114,389
  • 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: Jun 01, 2042
  • Second Open Lien Mortgage Lender: BMO HARRIS BANK NA
  • Second Open Lien Mortgage Recording Date: Apr 15, 2020
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $35,100
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Apr 03, 2050

    Market Valuation

  • Market Total Value: $175,686
  • Market Land Value: $37,785
  • Market Improvement Value: $137,901

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $58,562
  • Assessed Land Value: $12,595
  • Assessed Improvements Value: $45,967

    Sales

  • Current Sale Contract Date: May 25, 2012
  • Current Sale Recording Date: May 31, 2012
  • Current Sale Transaction ID: 1076605968
  • Current Sale Price: $116,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2012R0023588

    Last Sale Mortgage

  • First Mortgage Lender: AMERICAN FIDELITY MORTGAGE SER
  • First Mortgage Transaction Date: May 31, 2012
  • First Mortgage Loan Amount: $114,389
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jun 01, 2042

About Crystal Lake



Similar Buildings

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Nearby Rentals

Unit for rent at 429 Berkshire Drive, Crystal Lake, IL, 60014

$1,750 /mo

  • 2 Beds
  • 2 Baths
  • 870 ft²
429 Berkshire Drive #31, Crystal Lake, IL, 60014 Listing by Dawn Bremer

Frequently Asked Questions

What neighborhood is 524 Penny Lane located in?
The 524 Penny Lane is a located in the neighborhood of Algonquin in Crystal Lake, Crystal Lake.
What is the average sales price for listings in 524 Penny Lane?
The average sales price for units in 524 Penny Lane is $0 currently.

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