NOT LISTED FOR SALE

1308 Terrace Ave Waukegan, IL 60085

Estimated Value: $234,000 - $251,241

3 Beds
1 Bath
1,170 Sq Ft
$208/Sq Ft Est. Value

Last Sold July 30, 2021

Last sale price $175,000 $150 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $1,760/month

2 Days on Market

Highlights

  • Cape Cod Architecture
  • Wood Flooring
  • Formal Dining Room
  • Property is near a park
  • Main Floor Bedroom
  • Stainless Steel Appliances

About This Home

As of July 2021

This charming Cape Cod style home has been well cared for and is move-in ready! You'll love the hardwood floors in the living room and separate formal dining room. A brick fireplace is highlighted in the spacious living room. Updated kitchen with subway tile, farmhouse sink, stainless steel appliances and granite counters. First floor bedroom with hardwood flooring. Renovated bath (2019) on main level with clawfoot tub. Two additional bedrooms on 2nd floor, both with hardwood flooring. Family room and laundry in finished basement. Large concrete patio in backyard plus firepit. Detached 2.5 car garage with new garage door and new garage door opener (10/2019). Updates and improvements include: New roof (2019). New gutters & downspouts (2020). New siding (2017). New Trane brand furnace (1/2015). New Trane brand central air (4/2015). New refrigerator (8/2020). New dryer (9/2020). New interior paint. Hot water heater replaced (6/2014). Sump pump replaced (3/2013). Close to Vista Medical Center. Near shopping, restaurants & entertainment. Close to parks & forest preserves. Waukegan park district offers beautiful parks with walking trails surrounding lakes. Easy access to major roadways for your work commute. Virtual 3D tour to preview home easily.

Last Agent to Sell the Property

Jim Starwalt

Better Homes and Garden Real Estate Star Homes License #471010243 Listed on: 06/25/2021

Better Homes and Garden Real Estate Star Homes

Last Buyer's Agent

Gwendolyn Broughton

Freedom Realty License #475087110

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,291

Year Built

  • Built in 1950

Lot Details

  • 6,896 Sq Ft Lot
  • Dog Run

Parking

  • 2.5 Car Detached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Driveway
  • Parking Space is Owned

Home Design

  • Cape Cod Architecture
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,170 Sq Ft Home
  • 1.5-Story Property
  • Wood Burning Fireplace
  • Attached Fireplace Door
  • Living Room with Fireplace
  • Formal Dining Room
  • Wood Flooring
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • Main Floor Bedroom
  • Bathroom on Main Level
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Enclosed patio or porch
  • Fire Pit

Location

  • Property is near a park

Schools

  • Greenwood Elementary School
  • Daniel Webster Middle School
  • Waukegan High School

Utilities

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

Community Details

  • Ravine Gardens Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,291

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1.5 Story
  • Ownership: Fee Simple
  • ArchitecturalStyle: Cape Cod
  • New Construction: No
  • Property Sub-Type: 1.5 Story
  • Subdivision Name: Ravine Gardens
  • Year Built: 1950
  • Age: 71-80 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s)
  • Basement: Full
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Wood Burning, Attached Fireplace Doors/Screen
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors, 1st Floor Bedroom, 1st Floor Full Bath
  • LivingArea: 1170
  • Room Type: Enclosed Porch
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Partially Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Basement Sq Ft: 780
  • Fireplace Location: Living Room
  • Total Sq Ft: 780

Exterior Features

  • ExteriorFeatures: Patio, Dog Run, Fire Pit
  • Foundation Details: Concrete Perimeter
  • List Price: 159900
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 2.5
  • Number of Cars: 2.5
  • Driveway: Asphalt
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Park
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Greenwood Elementary School
  • High School: Waukegan High School
  • Middle/Junior School: Daniel Webster Middle School
  • Middle/Junior School District: 60

Lot Info

  • Lot Size Acres: 0.1583
  • Lot Dimensions: 6896
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 3291.06
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2021
Closed on
Jul 28, 2021
Sold by
Roberts David and Springer Roberts Jan
Bought by
Vaughn Trendelle Vernon and Vaughn Fatima
Seller's Agent
Jim Starwalt
Better Homes and Garden Real Estate Star Homes
Buyer's Agent
Gwendolyn Broughton
Freedom Realty
List Price
$159,900
Sold Price
$175,000
Premium/Discount to List
$15,100
9.44%
Current Estimated Value
$243,560

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,560
Avg. Annual Appreciation
8.39%
Original Mortgage
$171,830
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 27, 2016
Sold by
Brooks James D and Brooks Janice C
Bought by
Molina Rosa and Zuluaga Abades

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,000
Interest Rate
3.43%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 4, 2008
Sold by
Mercado Luis R and Mercado Monlea
Bought by
Roberts David and Springer Roberts Jan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,551
Interest Rate
5.03%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 12, 2000
Sold by
Mercado Luis R
Bought by
Mercado Luis R and Mercado Monica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,250
Interest Rate
10.6%

Purchase Details

Closed on
May 26, 1998
Sold by
Glaunert Curtis W and Glaunert Patty B
Bought by
Mercado Luis R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
7.27%

Purchase Details

Closed on
Jul 22, 1994
Sold by
Goodwin David L and Goodwin Holly K
Bought by
Glaunert Curtis W and Glaunert Patty B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,202
Interest Rate
8.53%
Mortgage Type
VA
Source: Public Records

Range of Values:

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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
Vaughn Trendelle Vernon $175,000 Chicago Title
Molina Rosa $65,000 Greater Metropolitan Title L
Roberts David $80,000 Ticor
Mercado Luis R -- --
Mercado Luis R $113,000 Chicago Title Insurance Co
Glaunert Curtis W $105,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vaughn Trendelle Vernon $171,830
Previous Owner Roberts David $92,000
Previous Owner Molina Rosa $59,000
Previous Owner Roberts David $78,551
Previous Owner Mercado Luis R $15,000
Previous Owner Mercado Luis R $144,000
Previous Owner Mercado Luis R $116,000
Previous Owner Mercado Luis R $106,250
Previous Owner Mercado Luis R $10,000
Previous Owner Mercado Luis R $96,000
Previous Owner Glaunert Curtis W $107,202
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2021 07/30/21 Sold $175,000 +9.4% $150 / Sq Ft
06/28/2021 06/28/21 Pending -- -- --
06/25/2021 06/25/21 For Sale $159,900 -- $137 / 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 $4,976 $68,495 $10,359 $58,136
2023 $4,548 $60,771 $9,191 $51,580
2022 $4,548 $52,525 $7,139 $45,386
2021 $3,326 $37,901 $6,141 $31,760
2020 $3,322 $35,309 $5,721 $29,588
2019 $3,291 $32,355 $5,242 $27,113
2018 $2,974 $29,385 $7,419 $21,966
2017 $2,845 $25,998 $6,564 $19,434
2016 $2,564 $22,591 $5,704 $16,887
2015 $2,402 $20,219 $5,105 $15,114
2014 $2,331 $19,050 $5,111 $13,939
2012 $2,645 $20,640 $5,538 $15,102
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11093366

Midwest Real Estate Data (MRED)

APN: 08-16-213-007