$12,900
SOLD AUG 1, 2025
0.34 Acres
$37,941 Price per Acre
14,810 Sq Ft Lot

Recently Sold

7% Below List Price

142 Days on Market

Highlights

  • Water Views
  • Gated Community
  • 3-minute walk to Lake Summerset Campground Playground
  • Durand Elementary School Rated A-
  • Level Lot

About This Lot

As of August 2025

Discover Your Lakeside Dream! Prime Vacant Lot with Unrivaled Water Views in Lake Summerset! Imagine waking to breathtaking water vistas from your own private sanctuary! This exceptional vacant lot in Lake Summerset offers a rare opportunity, perfectly situated just moments from the pristine beach, vibrant lodge, secure front gate, and convenient marina. Embrace the Legendary Lake Summerset Lifestyle: Lake Summerset is more than just a community; it's a vibrant escape renowned for its spectacular beaches, world-class fishing (boasting trophy muskies and massive bass!), and thrilling watersports. Dive into a low-key, casual lifestyle where relaxation is effortless. Build When You're Ready – Or Not! Enjoy the freedom to build your dream home on your own timeline – there's no pressure to build until you're ready! This truly flexible opportunity allows you to secure your slice of paradise now. Unmatched Community Features & Security: As a private, gated community, Lake Summerset ensures your peace of mind with a 24/7 manned and guarded entry gate. Indulge in our two pristine beaches, experience exhilarating water skiing and tubing, or simply raft up your pontoon and float the day away in our serene bays. The community thrives with attractive and affordable private campgrounds, forty beautifully maintained parks (including twelve waterfront gems!), two convenient marinas, and a refreshing seasonal outdoor pool. Quality Living & Convenient Location: Experience the difference of a community where homes and grounds are meticulously maintained, offering a sense of pride and stability. Benefit from high-quality drinking water, a dark sky community with underground utilities, and the warmth of genuinely friendly neighbors. Strategically located just 90 minutes from O'Hare Airport and a mere 55 minutes from Madison, Lake Summerset is your ultimate destination. Whether you seek a permanent residence, a tranquil weekend getaway, or a vibrant place to relax, this is where your lakeside living begins.

Last Agent to Sell the Property

Don Morgan

Morgan Realty, Inc. License #471013558 Listed on: 02/27/2025

Last Buyer's Agent

Don Morgan

Morgan Realty, Inc. License #471013558 Listed on: 02/27/2025

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $367

Lot Details

  • 14,810 Sq Ft Lot
  • Level Lot

HOA Fees

  • $92 Monthly HOA Fees

Property Views

  • Water Views

Schools

  • Durand Elementary School
  • Durand Jr High Middle School
  • Durand High School

Community Details

  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$367

Lot Details

0.34 Acres

HOA Fees

$92 per month

Listing Details

  • Class: LAND
  • General Features: County Taxes
  • Hoa Fee Frequency: Yearly
  • Legal Description: CORRECTED FINAL PLAT 2 OF LAKE SUMMERSET-SAYBROOK SEC 7 LOT 1360
  • Lot Acreage: 0.34
  • Lvt Date: 03/03/2025
  • Type: Land
  • Buildable Lot: Yes
  • Agent Only_ L A1 User Code: 8498
  • Elementary School: Durand Elementary
  • Hold Earnest Money Y N: Yes
  • Pertinent Facts: Discover Your Lakeside Dream! Prime Vacant Lot with Unrivaled Water Views in Lake Summerset! Imagine waking to breathtaking water vistas from your own private sanctuary! This exceptional vacant lot in Lake Summerset offers a rare opportunity, perfectly situated just moments from the pristine beach, vibrant lodge, secure front gate, and convenient marina. Embrace the Legendary Lake Summerset Lifestyle: Lake Summerset is more than just a community; it's a vibrant escape renowned for its spectacular beaches, world-class fishing (boasting trophy muskies and massive bass!), and thrilling watersports. Dive into a low-key, casual lifestyle where relaxation is effortless. Build When You're Ready – Or Not! Enjoy the freedom to build your dream home on your own timeline – there's no pressure to build until you're ready! This truly flexible opportunity allows you to secure your slice of paradise now. Unmatched Community Features & Security: As a private, gated community, Lake Summerset ensures your peace of mind with a 24/7 manned and guarded entry gate. Indulge in our two pristine beaches, experience exhilarating water skiing and tubing, or simply raft up your pontoon and float the day away in our serene bays. The community thrives with attractive and affordable private campgrounds, forty beautifully maintained parks (including twelve waterfront gems!), two convenient marinas, and a refreshing seasonal outdoor pool. Quality Living & Convenient Location: Experience the difference of a community where homes and grounds are meticulously maintained, offering a sense of pride and stability. Benefit from high-quality drinking water, a dark sky community with underground utilities, and the warmth of genuinely friendly neighbors. Strategically located just 90 minutes from O'Hare Airport and a mere 55 minutes from Madison, Lake Summerset is your ultimate destination. Whether you seek a permanent residence, a tranquil weekend getaway, or a vibrant place to relax, this is where your lakeside living begins.
  • Designated Managing Broker Y N: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Utilities

  • Sewer: City/Community
  • Water: City/Community

Condo/Co-op/Association

  • HOA Fees: 1099

Lot Info

  • Topography: Level
  • Land Features: Gated Community, Water View

Tax Info

  • Year: 2023
  • Taxes: 367

MLS Schools

  • HighSchool: Durand High
  • School District: Durand 322
  • Middle School: Durand Jr High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2025
Closed on
Aug 1, 2025
Sold by
Fanara Mary Sue
Bought by
Krause Christine D and Waters Mary L
Seller's Agent
Don Morgan
Morgan Realty, Inc.
Buyer's Agent
Don Morgan
Morgan Realty, Inc.
List Price
$13,900
Sold Price
$12,900
Premium/Discount to List
-$1,000
-7.19%
Views
32
Current Estimated Value
$89,763

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,863
Avg. Annual Appreciation
1877.72%

Purchase Details

Listed on
Aug 28, 2021
Closed on
Oct 26, 2021
Sold by
Orilley Kenneth W and Orilley Jacqueline L
Bought by
Fanara Mary Sue
Seller's Agent
Don Morgan
Morgan Realty, Inc.
Buyer's Agent
Scott Wilke
Best Realty
List Price
$14,900
Sold Price
$13,200
Premium/Discount to List
-$1,700
-11.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.61%

Purchase Details

Closed on
Jul 20, 2002
Bought by
O'Rilley Kenneth W and O'Rilley Jacqueline L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Warranty Deed $13,000 Security First Title
Warranty Deed $13,500 Security First Title
Deed $59,900 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/01/2025 08/01/25 Sold $12,900 0.0% --
07/19/2025 07/19/25 Pending -- -- --
07/09/2025 07/09/25 Price Changed $12,900 -2.3% --
06/10/2025 06/10/25 Price Changed $13,200 -5.0% --
02/27/2025 02/27/25 For Sale $13,900 +5.3% --
10/26/2021 10/26/21 Sold $13,200 -11.4% -- View Prior Sale
08/28/2021 08/28/21 For Sale $14,900 -- --
Source: NorthWest Illinois Alliance of REALTORS®

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 $403 $5,378 $5,378 --
2023 $367 $4,608 $4,608 $0
2022 $332 $4,071 $4,071 $0
2021 $345 $3,749 $3,749 $0
2020 $343 $3,607 $3,607 $0
2019 $339 $3,516 $3,516 $0
2018 $349 $3,375 $3,375 $0
2017 $346 $3,309 $3,309 $0
2016 $368 $3,309 $3,309 $0
2015 $184 $3,309 $3,309 $0
2014 $364 $3,309 $3,309 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202500911

NorthWest Illinois Alliance of REALTORS®

APN: 05-06-177-016

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