NOT LISTED FOR SALE

1040 Arbor Ln Unit 1040 Northfield, IL 60093

Estimated Value: $513,000 - $598,091

2 Beds
2.5 Baths
2,000 Sq Ft
$282/Sq Ft Est. Value

Last Sold June 30, 2023

Last sale price $453,250 $227 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $4,714/month

6 Days on Market

Highlights

  • Fitness Center
  • Waterfront
  • Vaulted Ceiling
  • Marie Murphy School Rated A
  • Pond
  • 5-minute walk to Happ Road Park

About This Home

As of June 2023

Rarely available, sophisticated, bright, and spacious 2 Bed 2.1 Bath townhome with beautiful water views and a carefree lifestyle in this in sought-after, maintenance-free Meadowlake. With an open floor plan and floor to ceiling windows, your eyes are drawn to panoramic vistas throughout. The townhouse offers convenient front and back entrances, a separate 2 story dining area, a recently (2021) renovated gourmet kitchen with gleaming quartz countertops with seating. The kitchen is open to a comfortable living space with a gas fireplace and sliding doors to a coveted private patio overlooking the pond and sunset views. Upstairs is a spacious and serene primary with a renovated (2021) private bath featuring a large accessible shower, a generous walk-in closet, and floor to ceiling bedroom windows highlighting the gorgeous panorama. The second bedroom is substantial with a large walk-in closet. The lower level features a bonus room (possible office) as well as a laundry room and mechanicals. Enjoy the convenience of walking right out the door to two indoor heated garage spaces! The fabulous amenities include a whirlpool, indoor pool, exercise room and clubhouse. Walk to town, restaurants, the library, and easy access to the expressway. Life is good at Meadowlake!

Last Agent to Sell the Property

Paige Dooley

Compass License #475131775 Listed on: 04/16/2023

Compass

Last Buyer's Agent

Natalie Moore

Redfin Corporation License #475188473

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $9,673

Year Built

  • Built in 1997

Lot Details

  • Waterfront

HOA Fees

  • $822 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Heated Garage
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,000 Sq Ft Home
  • 3-Story Property
  • Vaulted Ceiling
  • Gas Log Fireplace
  • Entrance Foyer
  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Home Office
  • Water Views
  • Unfinished Basement
  • Partial Basement

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Pond
  • Patio

Schools

  • Avoca West Elementary School
  • Marie Murphy Middle School
  • New Trier Twp High School Northfield/Wi

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include water, parking, insurance, clubhouse, exercise facilities, pool, exterior maintenance, lawn care, scavenger, snow removal
  • 175 Units
  • Bill Seymour Association, Phone Number (847) 359-8980
  • Meadowlake Subdivision
  • Property managed by Seymour

Amenities

  • Party Room
  • Elevator

Recreation

  • Fitness Center
  • Community Indoor Pool

Pet Policy

  • Cats Allowed

Security

  • Resident Manager or Management On Site

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$9,673

Year Built

Built in 1997

Lot Details

0

HOA Fees

$822 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo,T3-Townhouse 3+ Stories
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo,T3-Townhouse 3+ Stories
  • Subdivision Name: Meadowlake
  • Year Built: 1997
  • Age: 26-30 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 1
  • New Construction Y/N: No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 3

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal
  • Basement: Partial
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 2
  • Fireplace Features: Gas Log
  • Fireplaces: 1
  • Interior Amenities: Vaulted/Cathedral Ceilings
  • LivingArea: 2000
  • Room Type: Office, Foyer
  • Stories Total: 3
  • Estimated Total Finished Sq Ft: 0
  • Assessed Sq Ft: 0
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 0
  • Flooring: Carpet
  • ResoLivingAreaSource: Estimated

Exterior Features

  • ExteriorFeatures: Patio
  • Foundation Details: Concrete Perimeter
  • List Price: 469000
  • Lot Features: Pond(s), Water View
  • Roof: Asphalt
  • Waterfront: Yes
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Driveway: Asphalt,Brick
  • Garage Details: Heated
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Laundry Features: In Unit
  • Water Source: Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK
  • Association Fee: 822
  • Association Amenities: Elevator(s), Exercise Room, Party Room, Indoor Pool
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Seymour
  • Management Contact Name: Bill Seymour
  • Management Phone: 847-359-8980
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Parking, Insurance, Clubhouse, Exercise Facilities, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal

Schools

  • Elementary School: Avoca West Elementary School
  • High School: New Trier Twp H.S. Northfield/Wi
  • Middle/Junior School: Marie Murphy School
  • Middle/Junior School District: 37

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: COMMON
  • Special Assessments: Y

Rental Info

  • Board Number: 2
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 9673.33
  • Tax Year: 2021
  • Tax Exemptions: Homeowner,Senior

Multi Family

  • Units in Building: 175

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2023
Closed on
May 23, 2023
Sold by
Hermansen Barbara E
Bought by
Rosset Bradford
Seller's Agent
Paige Dooley
Compass
Buyer's Agent
Natalie Moore
Redfin Corporation
List Price
$469,000
Sold Price
$453,250
Premium/Discount to List
-$15,750
-3.36%
Views
47
Current Estimated Value
$564,273

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$111,023
Avg. Annual Appreciation
6.45%

Purchase Details

Listed on
Mar 8, 2021
Closed on
May 24, 2021
Sold by
Kawashima Yuko and The Yuko Kawashima Revocable T
Bought by
Kawashima Yuko and The Yuko Kawashima Revocable T
Seller's Agent
Beverly Smith
@properties Christie's International Real Estate
Buyer's Agent
mary anne perrine
Baird & Warner
List Price
$379,000
Sold Price
$379,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.03%

Purchase Details

Closed on
Dec 18, 2008
Sold by
Schmit John R and Schmit Dorothy B
Bought by
Schmit John R and Schmit Dorothy B

Purchase Details

Closed on
Jun 18, 2004
Sold by
Schwind Michael C and Schwind Colleen A
Bought by
Schmit Joh R and Schmit Dorothy B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.25%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 8, 2001
Sold by
Brodin Gisela M
Bought by
Schwind Michael C and Schwind Colleen A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$927,499
Interest Rate
6%

Purchase Details

Closed on
Apr 1, 1998
Sold by
Dunn Joan M
Bought by
Brodin Gisela M

Purchase Details

Closed on
Sep 17, 1993
Sold by
Colonial Bank
Bought by
Dunn Joan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
6.75%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Rosset Bradford $453,500 Stewart Title
Kawashima Yuko $379,000 Chicago Title
Schmit John R -- None Available
Schmit Joh R $405,000 Multiple
Schwind Michael C $343,000 First American Title
Brodin Gisela M $323,500 --
Dunn Joan M $187,333 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schmit John R $250,000
Previous Owner Schmit Joh R $250,000
Previous Owner Schwind Michael C $927,499
Previous Owner Dunn Joan M $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2023 06/30/23 Sold $453,250 -3.4% $227 / Sq Ft
04/23/2023 04/23/23 Pending -- -- --
04/16/2023 04/16/23 For Sale $469,000 +23.7% $235 / Sq Ft
06/04/2021 06/04/21 Sold $379,000 0.0% $190 / Sq Ft
03/30/2021 03/30/21 Pending -- -- --
03/08/2021 03/08/21 For Sale $379,000 -- $190 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $10,953 $46,679 $6,992 $39,687
2023 $10,378 $48,807 $6,992 $41,815
2022 $10,378 $48,807 $6,992 $41,815
2021 $9,673 $45,148 $5,025 $40,123
2020 $10,106 $45,148 $5,025 $40,123
2019 $9,897 $49,720 $5,025 $44,695
2018 $8,360 $40,762 $4,151 $36,611
2017 $8,122 $40,762 $4,151 $36,611
2016 $7,805 $40,762 $4,151 $36,611
2015 $7,628 $36,494 $3,386 $33,108
2014 $7,467 $36,494 $3,386 $33,108
2013 $7,111 $36,494 $3,386 $33,108
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11756785

Midwest Real Estate Data (MRED)

APN: 05-30-100-045-1053