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6 Willow Terrace

6 Willow Terrace, Lake Zurich, IL 60047
Property in Ela
Sold Aug 05, 2008
$136,000
$106,575 by Jpmorgan Chase Bank Na
Mortgage Due Aug 01, 2038
Sold Aug 18, 1997
$84,000
Local assessors in Lake Zurich, IL have categorized 6 Willow Terrace as a residential type of property. The home was built in 1967 and is 57 years old. The property's lot size has been calculated to be 11,321 square feet. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 6 Willow Terrace has a total of 1,064 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 detached garage for those who need a place to park their vehicle. The garage on the property is 440 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 a unknown so you'll have a great option in the 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 - B. Residents rely on central air conditioning for their cooling system. 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, 6 Willow Terrace was last sold in Jul 31, 2008 for $136,000. According to our calculations, that's $127.82 per sqft. Prior to that sales transaction, the property was sold for $84,000 in Aug 11, 1997. Current property owners are expected to pay $4,568 in taxes per year. The property on 6 Willow Terrace was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $77,567. To break that down further, the land itself was valued at $19,455. While improvements to the property were assessed at a total of $58,112. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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: 1967
  • Effective Year Built: 1967
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: B
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 440
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 11,321
  • Total Building Area: 1,064
  • Gross Building Area: 1,064
  • Building Area: 1,064
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 1,064
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 3RD.ADD.
  • Land Acres: 0.26
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 3RD.ADD.TO BAZUR UNIT 2 LOT 56

Ownership

  • Current Owner : SCHOENBERGER RICHARD
  • Previous Owner : KUHLMEY ALBERT
  • Previous Owner 2: WILL OF EDNA M SCHOENBERGER
  • Owner Before Previous Owner: BRICKER MICHAEL W
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Lake Zurich Community Unit School District 95
  • Census Tract: 864408

Geography

  • Assessors Map Reference: 2698-C1
  • District: ELA
  • Parcel: 14-18-203-004
  • Lot: 56
  • Municipality: TWP OF ELA
  • Latitude: 42.2097
  • Longitude: -88.1102

    Address

  • Full Address: 6 Willow Ter
  • Legal Unit: 2
  • Address - House Number: 6
  • Address - Street Name: Willow
  • Address - Suffix Type: Ter
  • State: IL
  • City Name: Lake Zurich
  • Carrier Code: C010
  • 4-Digit Zip Code: 1249
  • Zip Code: 60047

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,568
  • Tax Rate Code Area: 15059

    Appraisal Valuation

  • Standard Deviation: 0.1597
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 80
  • Final Value: 291,622
  • High Value: 338,209
  • Low Value: 245,036

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $213,575
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Aug 05, 2008
  • First Open Lien Mortgage Loan Amount: $106,575
  • 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: Aug 01, 2038
  • Second Open Lien Mortgage Lender: INTERBANK MORTGAGE CO
  • Second Open Lien Mortgage Recording Date: Jul 06, 2011
  • Second Open Lien Mortgage Loan Amount: $107,000
  • Second Open Lien Mortgage Term: 180
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Jun 01, 2026

    Market Valuation

  • Market Total Value: $232,724
  • Market Land Value: $58,371
  • Market Improvement Value: $174,353

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $77,567
  • Assessed Land Value: $19,455
  • Assessed Improvements Value: $58,112

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 31, 2008
  • Current Sale Recording Date: Aug 05, 2008
  • Current Sale Transaction ID: 11459273558
  • Current Sale Price: $136,000
  • Current Sale Document Type: Executor's Deed
  • Current Sale Input Document Number: 6377674
  • Previous Sale Recording Date: Aug 18, 1997
  • Previous Sale Contract Date: Aug 11, 1997
  • Previous Sale Amount: $84,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: Aug 05, 2008
  • First Mortgage Loan Amount: $106,575
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Aug 01, 2038

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Frequently Asked Questions

What neighborhood is 6 Willow Terrace located in?
The 6 Willow Terrace is a located in the neighborhood of Ela in Lake Zurich, Lake Zurich.
What is the average sales price for listings in 6 Willow Terrace?
The average sales price for units in 6 Willow Terrace is $0 currently.

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