Taxes
- Assessed Value: $155,772
- Assessed Year: 2025
- Assessed County: Kane
- APN: 03-02-152-006
- Assessed Land Value: 25808
- Market Land Value: 77455
- Tax Amount: 11268.6
- Tax Year: 2025
- Market Value: 467503
- Market Year: 2025
550 Lake Cornish Way; Algonquin, IL Property Details
Off market
550 Lake Cornish Way Algonquin, IL 60102
$505,000 Listing Price
4 Beds
4 Baths
3,062 SqFt
Property Type
Residential GeneralProperty Details
Summary
- Purchase Method: Financed
- Owners / Type: 1 / Individual
- Owner Status: Individual
- Year Built: 2001
- Purchase Price: $505,000
- Open Loans / Balance: 1 / $322,645
- Est. Equity / %: $228,355 / 41.44%
- Gross Yield: 8.742%
- APN: 03-02-152-006
- Situs County: Kane
- Length Of Ownership: 1 year, 8 months
Rooms
- Bedrooms: 4
- Bathrooms: 4
- Total Rooms: 10
Structure
- Stories: 2
Measurements
- Total: 3,062/SqFt
- Lot: 10,153/SqFt
- Gross: 5,221/SqFt
- Garage: 682/SqFt
- Living: 3,062/SqFt
- Basement: 1,477/SqFt
- Building: 5,221/SqFt
- Ground: 1,993/SqFt
- Price Per Square Foot: $164.92
Legal Description
- Description: ALGONQUIN LAKES UNIT 3B LOT 176 SUBDIVISION: ALGONQUIN LAKES RANGE CODE: 8 E TWSHP 42N
Building Insights
Land Information
- Property Type: Residential General
- Within Flood Zone: True
- Flood Zone: X / Low/Medium Risk
- School District: Community Unit School District 300
- Lat / Lon: 42.150005 / -88.27687
- Subdivision: Algonquin Lakes
- Property Class: Residential
- County Use Code: 0040
Amenities
- Plus Four: 5028
- Cooling: Central
- Fireplaces: 1
- Garage: Attached Garage
- Parking: 2
HOA
- H O A One Type: Planned Unit Development
Ownership Info
550 Lake Cornish Way has no associated ownership info
550 Lake Cornish Way has no associated ownership info.
Taxes
550 Lake Cornish Way has 10 associated Taxes items
550 Lake Cornish Way, Algonquin, IL pays taxes in Kane County, IL. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $155,772. The APN we've located for 550 Lake Cornish Way is 03-02-152-006.
Unlock the full reportTax History
550 Lake Cornish Way has 13 associated Tax History items
| Year | Assessed Value | Land Value | Improvement Value | Tax Amount | Change Rate | Assessed CR | Tax Rate |
|---|---|---|---|---|---|---|---|
| Year 2025 | Assessed Value $155,772 | Land Value $25,808 | Improvement Value $129,964 | Tax Amount $11,268.6 | Change Rate | Assessed CR | Tax Rate +0.07234% |
| Year 2024 | Assessed Value $142,361 | Land Value $23,586 | Improvement Value $118,775 | Tax Amount | Change Rate | Assessed CR | Tax Rate |
| Year 2023 | Assessed Value $128,092 | Land Value $21,222 | Improvement Value $106,870 | Tax Amount $10,425.24 | Change Rate +0.090582% | Assessed CR | Tax Rate +0.081389% |
| Year 2022 | Assessed Value $114,386 | Land Value $21,222 | Improvement Value $93,164 | Tax Amount $9,559.34 | Change Rate +0.02646% | Assessed CR | Tax Rate +0.083571% |
| Year 2021 | Assessed Value $108,003 | Land Value $20,038 | Improvement Value $87,965 | Tax Amount $9,312.92 | Change Rate +0.018262% | Assessed CR | Tax Rate +0.086228% |
| Year 2020 | Assessed Value $105,574 | Land Value $19,587 | Improvement Value $85,987 | Tax Amount $9,145.9 | Change Rate +0.027791% | Assessed CR | Tax Rate +0.08663% |
| Year 2019 | Assessed Value $100,222 | Land Value $18,594 | Improvement Value $81,628 | Tax Amount $8,898.6 | Change Rate -0.003627% | Assessed CR | Tax Rate +0.088789% |
| Year 2018 | Assessed Value $104,813 | Land Value $18,226 | Improvement Value $86,587 | Tax Amount $8,930.99 | Change Rate -0.989795% | Assessed CR | Tax Rate +0.085209% |
| Year 2017 | Assessed Value $98,048 | Land Value $17,050 | Improvement Value $80,998 | Tax Amount $875,127.5 | Change Rate +86.697% | Assessed CR | Tax Rate +8.925501% |
| Year 2016 | Assessed Value $98,841 | Land Value $18,522 | Improvement Value $80,319 | Tax Amount $9,978.99 | Change Rate | Assessed CR | Tax Rate +0.10096% |
| Year 2015 | Assessed Value $92,617 | Land Value $17,356 | Improvement Value $75,261 | Tax Amount | Change Rate | Assessed CR | Tax Rate |
| Year 2014 | Assessed Value $87,541 | Land Value $16,877 | Improvement Value $70,664 | Tax Amount | Change Rate | Assessed CR | Tax Rate |
| Year 2013 | Assessed Value $90,221 | Land Value $17,394 | Improvement Value $72,827 | Tax Amount | Change Rate | Assessed CR | Tax Rate |