740 Summit Rd
Lake Zurich, IL 60047
4 bd 3 ba 2,000 sqft Built 1956 Lot 15,682 sqft single_family
Most recent sale
$420,000
Jul 15, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jul 15, 2022 | Sold | $420,000 | MLS #11434040 |
| Jun 15, 2022 | Listed | $390,000 | MLS #11434040 |
| Sep 6, 2000 | Sold | $235,000 | Public Record |
| Oct 28, 1993 | Sold | $178,000 | Public Record |
| Mar 1, 1990 | Sold | $162,750 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2024 | $96,910 | $24,834 | $121,744 | $8,308 |
| 2023 | $92,817 | $23,785 | $116,602 | $7,791 |
| 2022 | $78,941 | $16,218 | $95,159 | $7,024 |
| 2021 | $76,918 | $15,802 | $92,720 | $6,777 |
| 2020 | $76,918 | $15,802 | $92,720 | $6,655 |
| 2019 | $76,247 | $15,664 | $91,911 | $6,554 |
| 2018 | $57,295 | $16,852 | $74,147 | $5,215 |
| 2017 | $56,604 | $16,649 | $73,253 | $5,142 |
| 2016 | $54,812 | $16,122 | $70,934 | $5,034 |
| 2015 | $52,207 | $15,356 | $67,563 | $4,952 |
| 2014 | $52,207 | $15,356 | $67,563 | $4,459 |
| 2013 | $46,606 | $13,777 | $60,383 | $4,425 |
| 2012 | $59,878 | $13,903 | $73,781 | $5,034 |
| 2011 | $69,394 | $14,232 | $83,626 | $4,756 |
| 2010 | $80,901 | $25,221 | $106,122 | $4,822 |
| 2009 | $84,272 | $26,272 | $110,544 | $6,277 |
| 2008 | $82,563 | $25,739 | $108,302 | $6,175 |
| 2007 | $87,714 | $25,558 | $113,272 | $6,399 |
| 2006 | $63,014 | $22,513 | $85,527 | $4,954 |
Property facts
Year built
1956
Property type
single_family
Stories
2
Beds
4
Baths
3
Living area
2,000 sqft
Lot size
15,682 sqft
ZIP code
60047
City
Lake Zurich
Street
Summit Rd
Coordinates
42.20990, -88.09788
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$3,600
Gross rental yield
10.29%
Implied cap rate
6.69%
Trend-extrapolated value
—
Frequently asked questions
When did 740 Summit Rd last sell?
740 Summit Rd most recently sold on Jul 15, 2022 for $420,000.
What is the current tax assessment for 740 Summit Rd?
The most recent total assessment for 740 Summit Rd (year 2024) is $121,744 with $8,308 in property tax.
How does 740 Summit Rd's assessment compare to its last sale price?
The current assessment is 71.0% below the last sale price of $420,000.
When was 740 Summit Rd built?
740 Summit Rd was built in 1956.
How does 740 Summit Rd compare to others on Summit Rd?
We track 1 other property on Summit Rd. Browse the list under "Other properties on Summit Rd" to compare beds, baths, and sale history.
What are the property facts for 740 Summit Rd?
740 Summit Rd is a 4 bed, 3 bath, 2,000 sqft, 15,682 sqft lot single_family.
Is 740 Summit Rd a flip candidate?
No — 740 Summit Rd does not appear in our flips dataset.
Is 740 Summit Rd a tax-appeal candidate?
No — 740 Summit Rd is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-1.1%
Implied 1-yr
-4.4%
2026 Q3
$648.9K
2026 Q4
$641.2K
ZIP 60047 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Summit Rd