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726 Summit Lane

726 Summit Lane, Vernon Hills, IL 60061
Sold Nov 02, 2022
$378,000
Sold Feb 02, 2007
$442,500
$353,600 by Greenpoint Mortgage Funding In
Mortgage Due Feb 01, 2037
726 Summit Lane has been categorized by the local assessors in Vernon Hills, IL as a residential type of property. The building on the property was first built in 2007 and is 17 years old. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 3 stories. In addition, 726 Summit Lane has 2,181 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 1,590 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a townhouse 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 440 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. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The inside of the home is being cooled with central air conditioning at the moment. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 726 Summit Lane sold most recently in Oct 27, 2022 for a total of $378,000. If you work out the math, that's approximately a cost of $144.22 per sqft. Before that, the property was also sold for $442,500 in Jan 12, 2007. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $10,535 in taxes each year. 726 Summit Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $117,122. If we break it down further, the land itself was valued at $43,678. Improvements to the property, however, were assessed at a total of $73,444. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. 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.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: B
  • Building Style: Townhouse
  • Floor Count: 3
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 440
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 1,590
  • Total Building Area: 2,621
  • Gross Building Area: 2,621
  • Building Area: 2,181
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 2,181
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TOWNHOMES AT ASPEN POINTE SUBDIVISION
  • Land Acres: 0.037
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TOWNHOMES AT ASPEN POINTE SUBDIVISION; UNIT A IN LOT 17 PER DOC 5909997

Ownership

  • Current Owner : SHI LEI
  • Previous Owner : SUSINSKAS MINDAUGAS
  • Previous Owner 2: SUSINSKAS MARIA
  • Owner Before Previous Owner: ASPEN POINTE LLC

Neighborhood

  • School District Name: Libertyville Community High School District 128
  • Census Tract: 864513

Geography

  • Assessors Map Reference: 2647-B4
  • District: VERNON
  • Parcel: 15-05-208-141
  • Lot: 17
  • Municipality: TWP OF VERNON
  • Latitude: 42.2387
  • Longitude: -87.9713

    Address

  • Full Address: 726 Summit Ln
  • Legal Unit: A
  • Address - House Number: 726
  • Address - Street Name: Summit
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Vernon Hills
  • Carrier Code: C018
  • 4-Digit Zip Code: 2352
  • Zip Code: 60061

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $10,535
  • Tax Rate Code Area: 16028

    Appraisal Valuation

  • Standard Deviation: 0.09
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 92
  • Final Value: 415,418
  • High Value: 452,846
  • Low Value: 377,991

    Market Valuation

  • Market Total Value: $351,401
  • Market Land Value: $131,047
  • Market Improvement Value: $220,354

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $117,122
  • Assessed Land Value: $43,678
  • Assessed Improvements Value: $73,444

    Sales

  • Current Sale Contract Date: Oct 27, 2022
  • Current Sale Recording Date: Nov 02, 2022
  • Current Sale Transaction ID: 11898210426
  • Current Sale Price: $378,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 7941866
  • Previous Sale Recording Date: Feb 02, 2007
  • Previous Sale Contract Date: Jan 12, 2007
  • Previous Sale Amount: $442,500
  • Previous Sale Document Type: Special Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: GREENPOINT MORTGAGE FUNDING IN
  • Previous Mortgage Transaction Date: Feb 02, 2007
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $353,600
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Feb 01, 2037

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Frequently Asked Questions

What neighborhood is 726 Summit Lane located in?
The 726 Summit Lane is a located in the neighborhood of Townhomes at Aspen Pointe in Townhomes at Aspen Pointe, Vernon Hills.
What is the average sales price for listings in 726 Summit Lane?
The average sales price for units in 726 Summit Lane is $0 currently.

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