NOT LISTED FOR SALE

Estimated Value: $1,096,135 - $1,131,000

5 Beds
5 Baths
5,880 Sq Ft
$189/Sq Ft Est. Value

Last Sold June 17, 2024

Last sale price $930,000 $158 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $7,913/month

18 Days on Market

Highlights

  • Community Boat Dock
  • Boat Slip
  • Waterfront
  • Liberty Elementary School Rated A-
  • Spa
  • Open Floorplan

About This Home

As of June 2024

Rarely available, custom built lakefront home in highly sought after community The Lakelands! This beautiful 5800 sq ft. home has it all. Enter into the foyer and you'll be greeted with a dramatic two story vaulted living room, complete with floor to ceiling windows and a fireplace. The completely remodeled kitchen features double ovens, a range, built in microwave, copper sink, granite counters, a wine fridge, and breakfast bar - topped off with several windows offering fabulous views of the lake! The remainder of the first floor offers a den/office, living room, dining room, mud room/laundry room combo, and a three seasons room providing direct access to the deck and down to the patio. The second level features a master suite with whirlpool bath and separate shower, as well as double sinks. Down the hall, you'll find 3 additional bedrooms and one more full bath. Down in the 2300 sq ft. walk out basement, enjoy the beautiful kitchenette complete with full size fridge, built in microwave, dishwasher, granite countertops, and a copper sink. The living space adjoins the kitchenette, with the second fireplace and access to the indoor spa. Additionally, you'll find the fifth bedroom featuring perfect views of the lake with motorized blinds for utmost ease. The third full bathroom is located on this level with double sinks and walk in shower, along with the third half bathroom. From the basement, you have direct access to the patio, under deck storage, and the garage. The 3 car garage has been recently painted, features epoxy floors, and is heated. Out in the backyard you will find a true oasis! Admire the gorgeous lake views from the huge deck or the brick paver patio. It doesn't stop there - enjoy your own private dock and waterfall pond. This home has completely remodeled in the last few years! Many mechanical upgrades have been made, including 2 new water heaters, 2 new furnaces with humidifiers, a new Generac generator, a new pump for the waterfall pond, and a new motor and control board for the spa. The Lakelands community is a true gem with a spectacular 4th of July fireworks show, a fishing derby, and resort style living - all with close access to highways, shopping, and entertainment! District 202 schools.

Last Agent to Sell the Property

Alina Climer

TLC Real Estate Services License #471021085 Listed on: 04/11/2024

Last Buyer's Agent

Pramod Zacharias

Greatways Realty Inc License #471019067

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,685

Year Built

  • Built in 1994 | Remodeled in 2018

Lot Details

  • Waterfront

HOA Fees

Parking

  • 3 Car Attached Garage
  • Heated Garage
  • Driveway
  • Parking Space is Owned

Interior Spaces

  • 5,880 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Wet Bar
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Blinds
  • Living Room with Fireplace
  • 2 Fireplaces
  • Formal Dining Room
  • Home Office
  • Sun or Florida Room

Kitchen

  • Built-In Double Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Stainless Steel Appliances
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Partially Carpeted

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • Walk-In Closet

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Sump Pump
  • Fireplace in Basement
  • Recreation or Family Area in Basement
  • Finished Basement Bathroom
  • Basement Storage

Home Security

  • Home Security System
  • Storm Screens

Outdoor Features

  • Spa
  • Tideland Water Rights
  • Boat Slip
  • Docks
  • Deck
  • Brick Porch or Patio

Utilities

  • Zoned Heating and Cooling
  • Humidifier
  • Heating System Uses Natural Gas
  • Power Generator
  • Multiple Water Heaters

Listing and Financial Details

  • Homeowner Tax Exemptions
  • Other Tax Exemptions

Community Details

Overview

  • Association fees include lake rights
  • Mgmt Association
  • The Lakelands Subdivision
  • Property managed by MGMT
  • Community Lake

Amenities

  • Clubhouse

Recreation

  • Community Boat Dock

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,685

Year Built

Built in 1994 | Remodeled in 2018

Lot Details

0.27 Acres

HOA Fees

$161 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple w/ HO Assn.
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Subdivision Name: The Lakelands
  • Year Built: 1994
  • Age: 26-30 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2018
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2018

Interior Features

  • Appliances: Double Oven, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s), Wine Refrigerator, Cooktop, Built-In Oven
  • Basement: Full, Walkout
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Total Bathrooms: 5
  • Total Bedrooms: 5
  • Fireplaces: 2
  • Interior Amenities: Vaulted/Cathedral Ceilings, Skylight(s), Hot Tub, Bar-Wet, Hardwood Floors, First Floor Laundry, Walk-In Closet(s), Open Floorplan, Some Carpeting, Drapes/Blinds, Granite Counters, Separate Dining Room, Pantry
  • LivingArea: 5880
  • Other Equipment: Humidifier, Security System, Ceiling Fan(s), Sump Pump, Backup Sump Pump;, Generator, Multiple Water Heaters
  • Room Type: Bedroom 5, Office, Sun Room, Other Room
  • Estimated Total Finished Sq Ft: 5878
  • Basement Description: Finished,Exterior Access,Rec/Family Area,Storage Space
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Fireplace Location: Living Room,Basement
  • Total Sq Ft: 5878
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • ExteriorFeatures: Deck, Brick Paver Patio, Boat Slip, Storms/Screens
  • OtherStructures: Boat Dock
  • Waterfront: Yes
  • Exterior Building Type: Vinyl Siding,Brick

Garage/Parking

  • Garage Spaces: 3
  • ParkingTotal: 3
  • Driveway: Concrete
  • Garage Details: Heated
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

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

Condo/Co-op/Association

  • Association Fee: 180
  • Association Fee Frequency: Annually
  • Community Features: Clubhouse, Lake, Water Rights, Sidewalks
  • Master Association Fee: Yes
  • Master Association Fee Frequency: Yearly
  • Management Company: MGMT
  • Management Contact Name: MGMT
  • Management Phone: 111-111-1111
  • Master Association Fee: 1750
  • ResoAssociationFeeFrequency: Annually

Fee Information

  • Association Fee Includes: Lake Rights

Lot Info

  • Lot Dimensions: 3318
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 17

Tax Info

  • Tax Annual Amount: 12685
  • Tax Year: 2022
  • Tax Exemptions: Homeowner,Disabled Vet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2024
Closed on
Jun 14, 2024
Sold by
Cappellett Michael R and Cappellett Darla J
Bought by
Patel Snehal and Patel H
Seller's Agent
Alina Climer
TLC Real Estate Services
Buyer's Agent
Pramod Zacharias
Greatways Realty Inc
List Price
$1,125,000
Sold Price
$930,000
Premium/Discount to List
-$195,000
-17.33%
Views
124
Current Estimated Value
$1,114,034

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$184,034
Avg. Annual Appreciation
10.80%
Original Mortgage
$697,500
Outstanding Balance
$684,633
Interest Rate
6.38%
Mortgage Type
New Conventional
Estimated Equity
$429,401

Purchase Details

Listed on
Sep 5, 2017
Closed on
Mar 6, 2018
Sold by
Feigh James M and Feigh Denise E
Bought by
Cappellette Michael R and Cappellette Darla J
Seller's Agent
Brian Brennan
@properties Christie?s International Real Estate
Buyer's Agent
Susie Scheuber
RE/MAX Ultimate Professionals
List Price
$712,000
Sold Price
$675,000
Premium/Discount to List
-$37,000
-5.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.24%
Original Mortgage
$615,093
Interest Rate
4.44%
Mortgage Type
VA
Source: Public Records
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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
Patel Snehal $930,000 Chicago Title
Cappellette Michael R $675,000 Acquest Title Secs Llc
Cappellett Michael R $675,000 Acqueste Title Svcs Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Snehal $697,500
Previous Owner Cappellette Michael R $615,093
Closed Cappellett Michael R $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/17/2024 06/17/24 Sold $930,000 -17.3% $158 / Sq Ft
04/30/2024 04/30/24 Pending -- -- --
04/11/2024 04/11/24 For Sale $1,125,000 +66.7% $191 / Sq Ft
03/13/2018 03/13/18 Sold $675,000 -5.2% $203 / Sq Ft View Prior Sale
01/25/2018 01/25/18 Pending -- -- --
09/05/2017 09/05/17 For Sale $712,000 -- $215 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $22,704 $311,960 $106,036 $205,924
2023 $22,704 $275,583 $93,671 $181,912
2022 $12,477 $264,279 $88,611 $175,668
2021 $11,837 $251,694 $84,391 $167,303
2020 $19,670 $247,706 $83,054 $164,652
2019 $19,670 $240,725 $80,713 $160,012
2018 $18,506 $222,403 $78,937 $143,466
2017 $18,425 $216,661 $76,899 $139,762
2016 $18,480 $211,997 $75,244 $136,753
2015 $18,511 $203,843 $72,350 $131,493
2014 $18,511 $201,858 $72,350 $129,508
2013 $18,511 $201,858 $72,350 $129,508
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11957187

Midwest Real Estate Data (MRED)

APN: 07-01-35-301-007

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