NOT LISTED FOR SALE

14 Lighthouse Ln Third Lake, IL 60030

Estimated Value: $721,000 - $891,000

5 Beds
5 Baths
3,406 Sq Ft
$236/Sq Ft Est. Value

Last Sold October 23, 2020

Last sale price $650,000 $191 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $6,147/month

5 Days on Market

Highlights

  • Lake Front
  • Boat Slip
  • Heated Floors
  • Grayslake North High School Rated A
  • Spa
  • Landscaped Professionally

About This Home

As of October 2020

Luxury Lake Front Home on Private, All-Sports Third Lake! Every day is a vacation at your own home on the lake! Enjoy amazing sunsets over Third Lake all year long. The positioning of the home also allows you to watch summer sunrises over Druce Lake. Third Lake is a private, spring-fed lake with abundant fishing and wildlife including many species of birds such as bald eagles, cranes, swans, owls and ducks. Gas-powered boats are allowed inviting water skiing and tubing, jet skiing, or non-motorized sports like swimming, paddle-boarding and kayaking. During the winters you will see residents ice skating and ice fishing. With 157 acres, a sandy bottom and 70' deep in areas, the lake provides hours of fun all year long. This is lake life, all conveniently located midway between downtown Chicago and Milwaukee. Hurry to see because homes on this side of the lake don't come on the market very often. Builder-built home is located in Mariner's Cove subdivision on a wooded lot at the end of a cul-de-sac. VERY PRIVATE! Completely remodeled in last three years with 5BR/4.5BA, open main floor, wall of windows with spectacular water views, 18'+ ceilings, skylights, hardwood floors throughout 1st floor, barnwood beams, and Great Room with floor to ceiling stone fireplace. Newer farmhouse kitchen has quartz countertops, solid oak breakfast bar, SS appliances, new sink, faucet and marble backsplash. Enjoy your morning coffee in the beautiful 3-season room overlooking both Third Lake and Druce Lake. Huge 1st floor laundry/mud room, separate dining room, den, one full and 1/2 bath complete 1st floor. 2nd floor has 4 BR, including Master Suite with new bathroom, heated floors, oversized shower and soaking tub overlooking the two lakes. Master bedroom has own balcony overlooking lakes, wood beamed ceilings, HW Laminate floors and a spacious walk-in closet with separate cedar closet. One more bedroom overlooks the water, currently being used as a home office. Two additional bedrooms upstairs are freshly painted with double size closets. Newly finished basement with 5th BR and bath, rec room, high ceilings and separate entrance, perfect for teens, in-laws or rental. Plenty of storage for all your toys in the basement and 2 car attached garage. Professionally landscaped yard with stone walkways, prairie garden, huge deck for entertaining, in-ground sprinklers and hot tub. Newer planked boat dock gives you direct access to the swimming areas. Great family-friendly neighborhood with playgrounds, private sandy beach and Grayslake schools. Close to CLC, shopping, train, restaurants, Rollins Savanna and biking trails. If you love nature, the outdoors and water, this home is for you! Owner's husband is a licensed real estate broker.

Last Agent to Sell the Property

Daniel Nierman

4 Sale Realty Advantage License #471018942 Listed on: 07/29/2020

Last Buyer's Agent

Exclusive Agency

NON MEMBER

Home Details

Home Type

  • Single Family

Year Built | Renovated

  • 1994 | 2019

Lot Details

  • Lake Front
  • Cul-De-Sac
  • Property has an invisible fence for dogs
  • Landscaped Professionally
  • Wooded Lot

HOA Fees

  • $13 per month

Parking

  • Attached Garage
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Asphalt Shingled Roof
  • Cedar

Interior Spaces

  • Vaulted Ceiling
  • Skylights
  • Wood Burning Fireplace
  • Gas Log Fireplace
  • Recreation Room
  • Screened Porch

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Flooring

  • Wood
  • Heated Floors

Bedrooms and Bathrooms

  • Primary Bathroom is a Full Bathroom
  • Dual Sinks
  • Soaking Tub
  • Separate Shower

Laundry

  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Finished Basement Bathroom

Outdoor Features

  • Spa
  • Boat Slip
  • Balcony
  • Deck

Utilities

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

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Year Built | Renovated

1994 | 2019

Lot Details

0

HOA Fees

$13 per month

Parking

2

Listing Details

  • Property Type: Detached Single
  • General Information: School Bus Service, Commuter Train
  • Recent Rehab: Yes
  • Age: 26-30 Years
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Number Interior Fireplaces: 1
  • Ownership: Fee Simple w/ HO Assn.
  • Rehab Year: 2019
  • Square Footage Comments: Additional Sq Ft is in the finished basement.
  • Total Full or Half Bathrooms: 4.1
  • Style Of House: Contemporary
  • Type Detached: 2 Stories
  • Estimated Year Built: 1994
  • Tax Exemptions: Homeowner
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1994
  • Year Renovated: 2019

Interior Features

  • Interior Property Features: Vaulted/Cathedral Ceilings, Skylight(s), Hardwood Floors, Heated Floors
  • Number Of Rooms: 10
  • Living Room: Dimensions: 18X19, On Level: Main Level, Flooring: Hardwood
  • Appliances: Oven/Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, All Stainless Steel Kitchen Appliances
  • Equipment: Humidifier, Ceiling Fan, Sump Pump, Sprinkler-Lawn, Backup Sump Pump;
  • Fireplace Details: Wood Burning, Gas Logs, Gas Starter
  • Attic: Unfinished
  • Fireplace Location: Living Room
  • Basement: Full
  • Basement: Finished, Exterior Access
  • Basement Bathrooms: Yes
  • Bedrooms All Levels: 5
  • Below Grade Bedrooms: 1
  • Primary Bedroom Bath: Full
  • Bathroom Amenities: Separate Shower, Double Sink, Soaking Tub
  • Above Grade Bedrooms: 4
  • Laundry: Dimensions: 8X12, On Level: Main Level, Flooring: Hardwood
  • Dining Room: Dimensions: 14X11, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Dimensions: 11X27, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Eating Area-Breakfast Bar, Eating Area-Table Space
  • Additional Rooms: Recreation Room, 5th Bedroom
  • Master Bedroom: Dimensions: 18X12, On Level: 2nd Level, Flooring: Hardwood, Windows: All
  • Additional Room 1 Name: Recreation Rm, Dimensions: 26X18, On Level: Basement, Flooring: Carpet
  • Bedroom 2: Dimensions: 12X11, On Level: 2nd Level, Flooring: Carpet, Windows: All
  • Bedroom 3: Dimensions: 12X11, On Level: 2nd Level, Flooring: Carpet, Windows: All
  • Bedroom 4: Dimensions: 13X11, On Level: 2nd Level, Flooring: Carpet, Windows: All
  • Additional Room 8 Name: 5th Bdrm, Dimensions: 17X10, On Level: Basement, Flooring: Carpet
  • Estimated Sq Ft: 3406
  • Dining Room Type: Separate
  • Family Room: Dimensions: 11X13, On Level: Main Level, Flooring: Hardwood

Exterior Features

  • Foundation: Concrete
  • Lot Size: .50-.99 Acre
  • Exterior Building Type: Brick, Cedar
  • Roof Type: Asphalt/Glass (Shingles)
  • Waterfront: Yes
  • Exterior Property Features: Balcony, Deck, Hot Tub, Porch Screened, Boat Slip, Invisible Fence
  • Exposure: Lake/Water
  • Acreage: 0.76

Garage/Parking

  • Number of Cars: 2
  • Parking: Garage
  • Garage Type: Attached
  • Garage On Site: Yes
  • Number Garage Spaces: 2
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

  • Electricity: Circuit Breakers
  • Air Conditioner: Central Air
  • Water: Public
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air

Condo/Co-op/Association

  • Fee Frequency: Annual
  • Assessed Sq Ft: 2586
  • Assessment Association Fees: 156
  • Management Contact Name: www.marinerscovethirdlake.com
  • Management Phone: 999-999-9999

Fee Information

  • Management Company: Village of Third Lake

Schools

  • Junior High Dist: 46

Lot Info

  • Lot Dimensions: 50X278X220X420
  • Lot Description: Cul-de-sac, Lake Front, Landscaped Professionally, Wooded
  • Parcel Identification Number: 06242040190000

Tax Info

  • Taxes: 20747.58

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 30, 2021
Sold by
Richards Cheryl D and Richards Kaleen J
Bought by
Cheryl D Richards Revocable Trust and Kaleen J Robinson Revocable Trust
Current Estimated Value
$802,407

Purchase Details

Listed on
Jul 29, 2020
Closed on
Oct 23, 2020
Sold by
Nellis Kathryn A and The Kathryn A Nellis Trust
Bought by
Richards Cheryl D and Robinson Kaleen J
Seller's Agent
Daniel Nierman
4 Sale Realty Advantage
Buyer's Agent
Exclusive Agency
NON MEMBER
List Price
$649,000
Sold Price
$650,000
Premium/Discount to List
$1,000
0.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.09%
Original Mortgage
$520,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 29, 2018
Sold by
Nellis Kathryn A
Bought by
Salzman Scott

Purchase Details

Closed on
Aug 29, 2016
Sold by
Ahlemeyer John and Ahlemeyer Shelly Rae
Bought by
Nellis Kathryn A and Salzman Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,000
Interest Rate
3.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 13, 2007
Sold by
Bizeau Robert L and Bizeau Elizabeth
Bought by
Ahlemeyer John and Ahlemeyer Sharon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 10, 2007
Sold by
Bizeau Robert L and Bizeau Elizabeth
Bought by
Bizeau Robert L and Bizeau Elizabeth

Purchase Details

Closed on
Jan 11, 1994
Sold by
Bank One Chicago Na
Bought by
Bizeau Robert L and Bizeau Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
7.26%
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 Buyer Sale Price Title Company
Cheryl D Richards Revocable Trust -- --
Richards Cheryl D $650,000 Proper Title Llc
Salzman Scott -- Attorney
Nellis Kathryn A $520,000 Chicago Title Insurance Co
Ahlemeyer John $630,000 None Available
Bizeau Robert L -- None Available
Bizeau Robert L $76,333 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Richards Cheryl D $520,000
Previous Owner Nellis Kathryn A $416,000
Previous Owner Ahlemeyer John $417,000
Previous Owner Bizeau Robert L $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/23/2020 10/23/20 Sold $650,000 +0.2% $191 / Sq Ft
08/03/2020 08/03/20 Pending -- -- --
07/29/2020 07/29/20 For Sale $649,000 -- $191 / 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 $23,609 $244,809 $48,853 $195,956
2023 $22,805 $224,678 $44,836 $179,842
2022 $22,805 $211,274 $49,969 $161,305
2021 $20,643 $185,853 $48,029 $137,824
2020 $20,744 $176,834 $45,698 $131,136
2019 $20,056 $169,657 $43,843 $125,814
2018 $20,679 $175,062 $56,704 $118,358
2017 $20,611 $164,671 $53,338 $111,333
2016 $19,834 $152,009 $49,237 $102,772
2015 $19,398 $138,872 $44,982 $93,890
2014 $16,686 $120,301 $36,482 $83,819
2012 $16,345 $125,640 $38,101 $87,539
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10799645

Midwest Real Estate Data (MRED)

APN: 06-24-204-019