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Lake Zurich 60047
765 Summit Road E
$391,000
● House - Off Market

765 Summit Road E

Lake Zurich, IL 60047
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,162 Ft²
$380,537
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

ON WOODED HALF ACRE & ALL MODERNIZED. SHARP MOVE IN READY MID CENTURY HOME IN IDEAL LOCATION. PRIVATE & PICTURESQUE BACKYARD WITH DECK, SHED.  FRONT HAS UNIQUE CUSTOM DESIGNED STAIRCASE. GLEAMING HARDWOOD FLOORS PLUS BEAMED HIGH WOOD CEILING.  CUSTOM SHADES. LARGE FAMILY ROOM IN LOWER LEVEL WITH WOOD LAMINATE.  HEATED GARAGE. MINUTES AWAY FROM SHOPPING, PARKS, RESTAURANTS. LZ SCHOOLS OFFER EXCELLENT INSTRUCTION ALONG WITH TOP RATED ATHLETIC PROGRAMS.
Unit Size
1,162 Ft²
Days on Market
-
Land Size
0.52 acres
Price per sqft
$327
Property Type
House
Property Taxes
$474
HOA Dues
-
Year Built
1955

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MRED MLS #11787455)

Price History

Date / Event Date Event Price
Jun 30, 2023 Sold
Premium
Sold
May 19, 2023 Listed by RE/MAX Advisors $379,900
Listed by RE/MAX Advisors

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 694
  • Garage Type: 1
  • Garage Square Area: 468
  • Parking Space Count: 2
  • Patio Type: 69
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,573
  • Total Building Area: 2,324
  • Gross Building Area: 2,324
  • Building Area: 1,162
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,162
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BAZUR - UNIT NO. 1
  • Land Acres: 0000000518
  • Standard Land Use Code: 1001
  • County Land Use Code: 40
  • Legal Description 1: BAZUR - UNIT NO. 1; TRACT 031

Neighborhood

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

Geography

  • Assessors Map Reference: 2698-D1
  • District: ELA
  • Subdivision Tract Number: 031
  • Parcel: 14-17-103-002
  • Lot: 31
  • Municipality: TWP OF ELA
  • Latitude: 42.21
  • Longitude: -88.0993

    Address

  • Full Address: 765 Summit Rd
  • Legal Unit: 1
  • Address - House Number: 765
  • Address - Street Name: Summit
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Lake Zurich
  • Carrier Code: C005
  • 4-Digit Zip Code: 2573
  • Zip Code: 60047

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $568,196
  • Tax Rate Code Area: 15059

    Appraisal Valuation

  • Standard Deviation: 0.1699
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 78
  • Final Value: 352,512
  • High Value: 412,418
  • Low Value: 292,606

    Market Valuation

  • Market Total Value: $280,294
  • Market Land Value: $72,466
  • Market Improvement Value: $207,828

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $93,422
  • Assessed Land Value: $24,153
  • Assessed Improvements Value: $69,269

    Sales

  • Current Sale Contract Date: Jun 15, 2023
  • Current Sale Recording Date: Jul 06, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7983080
  • Previous Sale Recording Date: Nov 18, 2015
  • Previous Sale Contract Date: Nov 03, 2015
  • Previous Sale Amount: $316,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

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

About Lake Zurich

Stats & Trends

Median Asking:

$524,900

Sale Price/ft²

$250

Below Asking

0.01%

Average Days on Market

41

Average Home Size

2502 ft²

Average Home Age

32.9 years

Currently For Sale

31 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 35 Lakeview Place, Lake Zurich, IL, 60047

$3,250 /mo

  • 3 Beds
  • 1 Bath
  • 1,700 ft²
35 Lakeview Place, Lake Zurich, IL, 60047 Listing by Cherie Smith Zurek
Unit for rent at 61 Miller Road, Lake Zurich, IL, 60047

$3,250 /mo

  • 3 Beds
  • 2 Baths
  • 1,144 ft²
61 Miller Road, Lake Zurich, IL, 60047 Listing by Ronna Streiff

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Joan Dailey, RE/MAX Advisors
Last Updated: 3 years ago
Data Source: MRED, MLS# 11787455
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 765 Summit Road built and last sold?
The property at 765 Summit Road was built in 1955 and last sold on Jun 15, 2023 for $391,000.
How much is this home worth?
The estimated value of the home located at 765 Summit Road is $380,088.
What are some comparable homes to 765 Summit Road?
There are currently no comparable homes to 765 Summit Road.
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