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5404 Promontory Lane

5404 Promontory Lane, Lake Zurich, IL 60047
Sold Jul 28, 2017
$608,000
$463,600 by Jpmorgan Chase Bank Na
Mortgage Due Mar 01, 2037
Sold Jan 03, 2005
$760,000
$430,000 by Americas Wholesale Lender
Mortgage Due Jan 01, 2035
Local assessors in Lake Zurich, IL have categorized 5404 Promontory Lane as a residential type of property. The home was built in 2005 and is 19 years old. The property's lot size has been calculated to be 19,166 square feet. As for the restroom situation, there are 4 full bathrooms. There are also 5 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 5404 Promontory Lane has a total of 4,042 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. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 576 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - A. Residents rely on central air conditioning for their cooling system. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 5404 Promontory Lane was last sold in Jul 6, 2017 for $608,000. According to our calculations, that's $84.18 per sqft. Prior to that sales transaction, the property was sold for $760,000 in Dec 20, 2004. Current property owners are expected to pay $21,735 in taxes per year. The property on 5404 Promontory Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $231,892. To break that down further, the land itself was valued at $50,704. While improvements to the property were assessed at a total of $181,188. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: Average
  • Building Quality: A
  • Floor Count: 2
  • Basement Type: Unspecified basement
  • Basement Area: 2,605
  • Garage Type: Attached
  • Garage Square Area: 576
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 19,166
  • Total Building Area: 7,223
  • Gross Building Area: 7,223
  • Building Area: 4,042
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 4,042
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PROMONTORY POINTE AT OAK HILLS IN LONG G
  • Land Acres: 0.44
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PROMONTORY POINTE AT OAK HILLS IN LONG GROVE; LOT 6

Ownership

  • Current Owner : VARGHESE JOSEPH
  • Current Owner 2: VARGHESE JINOO M
  • Previous Owner : LIN YO FU TONY
  • Previous Owner 2: FENG HUNG LU RUBY
  • Owner Before Previous Owner: GLOBE DEVELOPMENT CORP
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Kildeer Countryside Community Consolidated School District 96
  • Census Tract: 864512

Geography

  • Assessors Map Reference: 2701-A3
  • District: VERNON
  • Parcel: 15-18-401-029
  • Lot: 6
  • Municipality: TWP OF VERNON
  • Latitude: 42.1991
  • Longitude: -87.9873

    Address

  • Full Address: 5404 Promontory Ln
  • Address - House Number: 5404
  • Address - Street Name: Promontory
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Long Grove
  • Carrier Code: R006
  • 4-Digit Zip Code: 5061
  • Zip Code: 60047

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $21,735
  • Tax Rate Code Area: 16035

    Appraisal Valuation

  • Standard Deviation: 0.1685
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 78
  • Final Value: 854,551
  • High Value: 998,552
  • Low Value: 710,550

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $463,600
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Mar 02, 2022
  • First Open Lien Mortgage Loan Amount: $463,600
  • 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: Mar 01, 2037

    Market Valuation

  • Market Total Value: $695,745
  • Market Land Value: $152,127
  • Market Improvement Value: $543,618

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $231,892
  • Assessed Land Value: $50,704
  • Assessed Improvements Value: $181,188

    Sales

  • Current Sale Contract Date: Jul 06, 2017
  • Current Sale Recording Date: Jul 28, 2017
  • Current Sale Transaction ID: 1732067957
  • Current Sale Price: $608,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 7415084
  • Previous Sale Recording Date: Jan 03, 2005
  • Previous Sale Contract Date: Dec 20, 2004
  • Previous Sale Amount: $760,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FREEDOM MORTGAGE CORP
  • First Mortgage Transaction Date: Jul 28, 2017
  • First Mortgage Loan Amount: $486,400
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Aug 01, 2047

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: AMERICAS WHOLESALE LENDER
  • Previous Mortgage Transaction Date: Jan 03, 2005
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $430,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jan 01, 2035

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Frequently Asked Questions

What neighborhood is 5404 Promontory Lane located in?
The 5404 Promontory Lane is a located in the neighborhood of Promontory Pointe at Oak Hills in Oak Hills, Lake Zurich.
What is the average sales price for listings in 5404 Promontory Lane?
The average sales price for units in 5404 Promontory Lane is $0 currently.

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