Seller's Agent in 2023
Tara Davies
RE/MAX
(815) 274-2369
34 in this area
170 Total Sales
118 S Cedar Ln Wilmington, IL 60481
Estimated Value: $141,000 - $205,000
1
Bed
2
Baths
745
Sq Ft
$226/Sq Ft
Est. Value
Highlights
- Gated Community
- Open Floorplan
- Clubhouse
- Heated Floors
- Community Lake
- Deck
About This Home
As of February 2023Welcome to your log cabin by the lake! Enjoy living in the gated private lake resort community, Shadow Lakes year-round or seasonally. This home features 1 bedroom + a finished BASEMENT and 2 full bathrooms. Need storage? This home has a oversized finished shed for those storage needs or a golf cart! The main floor of this cabin offers an abundance of natural light and open floor plan for endless entertaining options. Cozy up in the winter months around the wood burning stove while watching the snow fall. The master bedroom is on this level with access to a full bathroom. The main level of the home has new hardwood vinyl plank flooring throughout. Looking for a bit more space? Check out the finished basement - once used as a master suite with a whirlpool hot tub, or perhaps you'll want to use the large room for extra sleeping space when visitors come. The basement also has a separate full bathroom. Laundry room located in basement. Located 55 miles southwest of Chicago, come enjoy all Shadow Lakes has to offer - boating, stocked fishing lakes, kayaking, swimming and parks.
Last Agent to Sell the Property
Re/Max Ultimate Professionals License #475179823 Listed on: 12/01/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,152
Year Built
- Built in 1993 | Remodeled in 2014
Lot Details
- 3,485 Sq Ft Lot
- Lot Dimensions are 50x67
- Paved or Partially Paved Lot
HOA Fees
- $133 Monthly HOA Fees
Home Design
- Log Cabin
- Asphalt Roof
- Concrete Perimeter Foundation
Interior Spaces
- 745 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Vaulted Ceiling
- Wood Burning Fireplace
- Living Room with Fireplace
- Dining Room
- Recreation Room
- Range
- Laundry Room
Flooring
- Heated Floors
- Laminate
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Potential Bedroom
- Bathroom on Main Level
- 2 Full Bathrooms
- Whirlpool Bathtub
- Separate Shower
Finished Basement
- Basement Fills Entire Space Under The House
- Bedroom in Basement
- Finished Basement Bathroom
Parking
- 3 Parking Spaces
- Driveway
- Uncovered Parking
- Parking Space is Owned
Outdoor Features
- Tideland Water Rights
- Deck
- Shed
Location
- Property is near a park
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Propane
Listing and Financial Details
- Homeowner Tax Exemptions
Community Details
Overview
- Association fees include water, parking, security, clubhouse, pool, scavenger, snow removal, lake rights
- Shadow Lakes Association, Phone Number (815) 458-3647
- Shadow Lakes Subdivision
- Property managed by Shadow Lakes
- Community Lake
Recreation
- Tennis Courts
- Community Pool
Additional Features
- Clubhouse
- Gated Community
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 1, 2022
Closed on
Feb 2, 2023
Sold by
West Corbyn E
Bought by
Petersen Jonathon Christopher
Seller's Agent
Tara Davies
Re/Max Ultimate Professionals
Buyer's Agent
Jake Tazelaar
RE/MAX Ultimate Professionals
List Price
$140,000
Sold Price
$115,000
Premium/Discount to List
-$25,000
-17.86%
Views
245
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,025
Avg. Annual Appreciation
15.45%
Original Mortgage
$6,000
Interest Rate
6.42%
Purchase Details
Closed on
Jul 28, 2017
Sold by
Posego Samantha A and Posego John C
Bought by
West Corbyn E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,777
Interest Rate
3.9%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 8, 2013
Sold by
Secretary Of Hud
Bought by
Cochrane Samantha A and Posego John C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,523
Interest Rate
3.56%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 2, 2012
Sold by
Williams Frank F and Gmac Mortgage Llc
Bought by
Secretary Of Housing & Urban Development
Purchase Details
Closed on
Dec 7, 2011
Sold by
Williams Frank F and Williams Frank
Bought by
Gmac Mortgage Llc
Purchase Details
Closed on
Aug 6, 2007
Sold by
Williams Frank F
Bought by
Williams Frank F and Williams Kenneth L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$16,179
Interest Rate
6.73%
Mortgage Type
Unknown
Purchase Details
Closed on
Aug 31, 2006
Sold by
Iniquez Armando
Bought by
Williams Frank F
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,000
Interest Rate
6.77%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 29, 2002
Sold by
Hall Olen W and Huminsky Joanne M
Bought by
Iniguez Armando
Purchase Details
Closed on
Oct 28, 2002
Sold by
Seako Sheryl Ann and Huminsky Charles Joseph
Bought by
Iniguez Armando
Purchase Details
Closed on
Sep 15, 1998
Sold by
Wells Harold and Wells Eva
Bought by
Wells Harold and Wells Eva S
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Petersen Jonathon Christopher | $115,000 | Fidelity National Title Insura | |
| West Corbyn E | $83,000 | Chicago Title | |
| Cochrane Samantha A | $32,130 | Chicago Title Insurance Comp | |
| Secretary Of Housing & Urban Development | -- | None Available | |
| Gmac Mortgage Llc | $52,000 | None Available | |
| Williams Frank F | -- | Chicago Title Insurance Co | |
| Williams Frank F | $110,000 | Ticor Title | |
| Iniguez Armando | $32,500 | Chicago Title Insurance Co | |
| Iniguez Armando | $32,500 | Chicago Title Insurance Co | |
| Wells Harold | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | Petersen Jonathon Christopher | $6,000 | |
| Open | Petersen Jonathon Christopher | $111,550 | |
| Previous Owner | West Corbyn E | $77,777 | |
| Previous Owner | Cochrane Samantha A | $30,523 | |
| Previous Owner | Williams Frank F | $62,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/08/2023 02/08/23 | Sold | $115,000 | -17.9% | $154 / Sq Ft |
| 01/13/2023 01/13/23 | Pending | -- | -- | -- |
| 12/01/2022 12/01/22 | For Sale | $140,000 | -- | $188 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $2,636 | $47,263 | $12,894 | $34,369 |
| 2023 | $2,636 | $42,332 | $11,549 | $30,783 |
| 2022 | $2,244 | $38,414 | $10,480 | $27,934 |
| 2021 | $2,162 | $36,665 | $10,003 | $26,662 |
| 2020 | $2,029 | $34,737 | $9,477 | $25,260 |
| 2019 | $1,900 | $32,802 | $8,949 | $23,853 |
| 2018 | $1,816 | $31,390 | $8,564 | $22,826 |
| 2017 | $1,776 | $30,774 | $8,396 | $22,378 |
| 2016 | $1,722 | $29,762 | $8,120 | $21,642 |
| 2015 | $1,653 | $28,993 | $7,910 | $21,083 |
| 2014 | $1,653 | $28,993 | $7,910 | $21,083 |
| 2013 | $1,653 | $31,009 | $8,460 | $22,549 |
Source: Public Records
Agents Affiliated with this Home
-
Tara Davies
-
Jake Tazelaar
Buyer's Agent in 2023
Jake Tazelaar
RE/MAX
(815) 566-2700
8 in this area
88 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11681474
APN: 02-24-04-305-018
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