NOT LISTED FOR SALE

116 Cedar Ln Wilmington, IL 60481

Estimated Value: $15,697 - $140,000

0.3 Acre
$185,605 Price per Acre
13,242 Sq Ft Lot

Last Sold April 02, 2025

Last sale price $15,000

Est. 276% increase in value since last sale

Current estimated payment $386/month

2 Days on Market

About This Lot

As of April 2025

Lot is priced under market value due to the fact that the buyer, at buyers expense, will have to remove the structure on the property within 30 days after purchase. See additional information. Lot is priced accordingly. No trespassing buyer must walk property with real estate agent. Here's your chance to live in desired Shadow Lakes. Feel like you are on vacation year round. Build your dream home or put your new Park Model. Buyer must walk property with their real estate agent. Enjoy incredible fishing (spring fed stocked lakes), boating, swimming, kayaking, canoeing, hiking in this gated community w/club house, pool, beach, volleyball, basketball, miles of nature trails & much more. Make this perfect escape your weekend retreat or year-round residence! Less than an hour from Chicago & just minutes off I-55.

Last Agent to Sell the Property

Kimberly Engelhardt

Lori Bonarek Realty License #475156135 Listed on: 03/18/2025

Last Buyer's Agent

Marie Fox

Lori Bonarek Realty License #471022895

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $708

Lot Details

Additional Features

  • Lot Dimensions are 51x65x50x68
  • Electricity To Lot Line

Property Details

Property Type

Land

Est. Annual Taxes

$708

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Type: Land
  • Ownership: Fee Simple w/ HO Assn.
  • Current Use: Development, Recreational
  • Road Surface Type: Concrete
  • General Information: School Bus Service,Interstate Access
  • Actual Status: Closed
  • ResoPropertyType: Land
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Basement Bathrooms: No

Exterior Features

  • Frontage Type: Public Road
  • Waterfront: No

Utilities

  • Utilities: Electric to Site, Sanitary Sewer, Water to Site

Lot Info

  • Lot Dimensions: 51X65X50X68
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N
  • Land Amenities: Clubhouse,Park/Playground,Pond/Lake,Pool,Snow Removal,Water Rights

Rental Info

  • Board Number: 10

Building Info

  • Building(s) on Land: Yes

Tax Info

  • Tax Annual Amount: 708
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 21, 2024
Sold by
Meegan James
Bought by
Dokuchaev Maxim
Current Estimated Value
$56,424

Purchase Details

Closed on
Jun 30, 2021
Sold by
Skowron Richard A and Skowron Sheri
Bought by
Meegan James

Purchase Details

Closed on
Apr 10, 2006
Sold by
Deluca William
Bought by
Skowron Richard A and Skowron Sheri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$39,600
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 8, 2004
Sold by
Zlock Dale E
Bought by
Deluca William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$26,600
Interest Rate
6.42%
Mortgage Type
Balloon

Purchase Details

Closed on
Apr 5, 2002
Sold by
Huckabay Raymond E and Huckabay Cheryl A
Bought by
Zlock Dale E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$13,200
Interest Rate
7.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 22, 2001
Sold by
Monk Louisa R
Bought by
Huckabay Raymond E and Huckabay Cheryl A

Purchase Details

Closed on
Sep 29, 2000
Sold by
Schaab Robert M and Schaab Paula A
Bought by
Monk Louisa R

Purchase Details

Closed on
Jul 12, 1999
Sold by
American National Bk & Tr Co Of Chicago
Bought by
Schaab Robert M and Schaab Paula A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Dokuchaev Maxim $10,000 None Listed On Document
Meegan James $15,000 Kankakee County Title Co
Skowron Richard A $22,000 Ticor Title
Deluca William $19,500 Ticor Title
Zlock Dale E $16,500 Ticor Title
Huckabay Raymond E $14,000 Ticor Title
Monk Louisa R $11,500 --
Schaab Robert M $10,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Skowron Richard A $39,600
Previous Owner Deluca William $26,600
Previous Owner Zlock Dale E $13,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/02/2025 04/02/25 Sold $15,000 +25.0% --
03/20/2025 03/20/25 Pending -- -- --
03/18/2025 03/18/25 For Sale $12,000 -- --
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 $1,097 $16,104 $10,745 $5,359
2023 $1,097 $9,914 $9,624 $290
2022 $718 $8,996 $8,733 $263
2021 $624 $8,586 $8,335 $251
2020 $582 $8,135 $7,897 $238
2019 $552 $7,682 $7,457 $225
2018 $533 $7,351 $7,136 $215
2017 $524 $7,207 $6,996 $211
2016 $512 $6,970 $6,766 $204
2015 $495 $6,790 $6,591 $199
2014 $495 $6,790 $6,591 $199
2013 $495 $7,262 $7,049 $213
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12314865

Midwest Real Estate Data (MRED)

APN: 02-24-04-305-016