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Single Family ResidenceResidential
$177,214$273 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 88How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Jul 14, 2026
Last sold for $100,000 on Aug 13, 2004

506 ARBOR DR

ROUND LAKE PARK, IL 60073
2
Beds
1
Baths
648 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.
1947
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
4
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.
1
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$177K
$157K low$198K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$100,000 · Aug 13, 2004
Est. Owner EquityRoughly how much of the home's value the owner would keep after paying off known loans. It is our estimate minus the loans still owed.$72,234
Est. Lendable EquityThe part of the owner's equity a lender would typically let them borrow against — about 80% of their equity.$57,787
Loan-to-ValueHow much is still owed on the home compared to what it is worth. 80% means loans equal 80% of our estimate, so it shifts when the estimate does.63%
1st MortgageA loan still believed to be open on this home, in the order lenders get repaid. The first position is paid back before the second.$85,000
DITECH FINANCIAL LLC · 4.25% 2 · recorded Jan 2, 2018
2nd MortgageA loan still believed to be open on this home, in the order lenders get repaid. The first position is paid back before the second.$19,980
FULL SPECTRUM LENDING INC

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$3,866 (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.$42,120 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$10,152
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$31,968
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$38,032
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$126,373

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
Effective Year BuiltAn adjusted build year that accounts for condition and major remodels. A big renovation can make a home count as newer than it is.1975
Lot (acres)The size of the land the home sits on, from county records.0.11
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 With Air Conditioning
CoolingThe type of cooling or air conditioning in the home.None
FireplaceWhether the home has a fireplace, and what kind.Yes
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(7)

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.

E
W J Murphy Elementary School
Elementary · Grades 1–5 · 0.6 mi
M
John T. Magee Middle SchoolC-
Middle · Grades 6–8 · 1.1 mi
H
Round Lake High SchoolC
High · Grades 9–12 · 1.1 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%

Ownership

OccupancyWhether the owner appears to live here or somewhere else. It is inferred from the mailing address on record.Owner occupied
Company ownedWhether the owner is a company or trust rather than a person.No

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

506 Arbor Dr 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.

  • Worth less than 95% of homes in Lake County
  • Costs more per square foot than 96% of homes in Round Lake 60073
  • Among the smallest homes in Round Lake 60073
  • Has a smaller lot than 88% of homes in Lake County
  • Older than 89% of homes in Round Lake 60073

What homes are worth in Round Lake 60073

Each bar is how many homes fall in that price range. The marker is this home.

This home
$133K$522K

This home is worth more than 8% 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.

Estimated value$177,214
CheaperTypical $273,223Pricier

Pricier than 8% of homes nearby

Price per ft²$273
CheaperTypical $196Pricier

Pricier than 96% of homes nearby

Living area648 ft²
SmallerTypical 1,424 ft²Bigger

Smaller than almost all homes nearby

Lot size0.11 ac
SmallerTypical 0.15 acBigger

Bigger than 20% of homes nearby

Year built1947
OlderTypical 1995Newer

Newer than 11% of homes nearby

How 506 Arbor Dr ranks against every home in each area.
MeasureThis homeRound Lake 60073Lake County
Estimated valuepricier than$177,2148% of homes5% of homes
Price per ft²pricier than$27396% of homes72% of homes
Living areabigger than648 ft²almost no homesalmost no homes
Lot sizebigger than0.11 ac20% of homes12% of homes
Year builtnewer than194711% of homes12% of homes

About 506 Arbor Dr

How much is 506 Arbor Dr, Round Lake Park, IL worth?

The TopHap Estimate for 506 Arbor Dr, Round Lake Park, IL is $177,214 as of Jul 14, 2026. The likely range is $156,588 to $197,840. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 506 Arbor Dr, Round Lake Park, IL last sell?

506 Arbor Dr, Round Lake Park, IL last sold on Aug 13, 2004 for $100,000, according to the county's recorded deed.

How big is 506 Arbor Dr, Round Lake Park, IL?

506 Arbor Dr, Round Lake Park, IL has 2 bedrooms, 1 bathrooms, 648 square feet of living space and a 0.11-acre lot.

When was 506 Arbor Dr, Round Lake Park, IL built?

506 Arbor Dr, Round Lake Park, IL was built in 1947, making it 79 years old. It is a ranch home. The building has 1 story.

What schools serve 506 Arbor Dr, Round Lake Park, IL?

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

How does 506 Arbor Dr, Round Lake Park, IL compare to other homes in Round Lake 60073?

Among the 19,174 homes in Round Lake 60073, it is worth more than 8% of them ($177,214 against a typical $273,223), its price per square foot is higher than 96% of them ($273 against a typical $196), it is bigger than almost none of them (648 ft² against a typical 1,424 ft²), its lot is bigger than 20% of them (0.11 ac against a typical 0.15 ac) and it is newer than 11% of them (1947 against a typical 1995). Measured against all of Lake County, it is worth more than 5% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 506 Arbor Dr, Round Lake Park, IL?

The 2024 property tax bill for 506 Arbor Dr, Round Lake Park, IL was $3,866. The county assessed it at $42,120.

Closest homes

More homes in Round Lake Park 60073

Assigned schools

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