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Single Family ResidenceResidential
Last sold for $124,000 on May 21, 2001

505 N LAKEWOOD TER

ROUND LAKE, IL 60073
1
Baths
1,150 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.11 ac
Lot SizeThe size of the land the home sits on, from county records.
1972
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
1
ParkingThe number of parking spaces on the property, including the garage.

Valuation

Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$124,000 · May 21, 2001

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$4,228 (2024)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$56,979 (2024)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$9,553
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$47,426
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$49,802
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$170,954

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
StyleThe architectural style of the home, such as ranch or colonial.Ranch
CountyLake
Lot (acres)The size of the land the home sits on, from county records.0.12
ConstructionThe main material the home's frame and walls are built from.Frame (Unspecified)
RoofThe main material covering the roof, such as asphalt shingle or tile.Composition Shingle
HeatingThe type of heating system in the home.Forced Air
CoolingThe type of cooling or air conditioning in the home.None
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(2)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

M
John T. Magee Middle SchoolC-
Middle · Grades 6–8 · 0.2 mi
H
Round Lake High SchoolC
High · Grades 9–12 · 0.4 mi
E
W J Murphy Elementary School
Elementary · Grades 1–5 · 0.5 mi

District: Round Lake Community Unit School District 116

Neighborhood · ZIP 60073These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.80
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.91
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.44

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.97%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.18%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.11%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.8%
PopulationHow many people live in this area.55,828
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.2,687 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$83,400
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$103,944
Average tempThe average temperature here across a full year.48°F
Annual precipHow much rain and melted snow falls here in a typical year.35 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.54%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

505 N Lakewood Ter measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Smaller than 81% of homes in Lake County
  • Has a smaller lot than 88% of homes in Lake County
  • Older than 76% of homes in Round Lake 60073

How it measures up in Round Lake 60073

The dot is this home. The mark in the middle is the typical home in Round Lake 60073.

Living area1,150 ft²
SmallerTypical 1,424 ft²Bigger

Bigger than 35% of homes nearby

Lot size0.11 ac
SmallerTypical 0.15 acBigger

Bigger than 23% of homes nearby

Year built1972
OlderTypical 1995Newer

Newer than 24% of homes nearby

How 505 N Lakewood Ter ranks against every home in each area.
MeasureThis homeRound Lake 60073Lake County
Living areabigger than1,150 ft²35% of homes19% of homes
Lot sizebigger than0.11 ac23% of homes12% of homes
Year builtnewer than197224% of homes37% of homes

About 505 N Lakewood Ter

When did 505 N Lakewood Ter, Round Lake, IL last sell?

505 N Lakewood Ter, Round Lake, IL last sold on May 21, 2001 for $124,000, according to the county's recorded deed.

How big is 505 N Lakewood Ter, Round Lake, IL?

505 N Lakewood Ter, Round Lake, IL has 1 bathrooms, 1,150 square feet of living space and a 0.12-acre lot.

When was 505 N Lakewood Ter, Round Lake, IL built?

505 N Lakewood Ter, Round Lake, IL was built in 1972, making it 54 years old. It is a ranch home. The building has 1 story.

What schools serve 505 N Lakewood Ter, Round Lake, IL?

505 N Lakewood Ter, Round Lake, IL is assigned to John T. Magee Middle School (middle), rated C-; Round Lake High School (high), rated C; W J Murphy Elementary School (elementary). All sit in Round Lake Community Unit School District 116. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 505 N Lakewood Ter, Round Lake, IL compare to other homes in Round Lake 60073?

Among the 19,176 homes in Round Lake 60073, it is bigger than 35% of them (1,150 ft² against a typical 1,424 ft²), its lot is bigger than 23% of them (0.11 ac against a typical 0.15 ac) and it is newer than 24% of them (1972 against a typical 1995). These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 505 N Lakewood Ter, Round Lake, IL?

The 2024 property tax bill for 505 N Lakewood Ter, Round Lake, IL was $4,228. The county assessed it at $56,979.

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