NOT LISTED FOR SALE

140 Mainsail Dr Third Lake, IL 60030

Estimated Value: $465,000 - $553,000

4 Beds
2.5 Baths
2,274 Sq Ft
$220/Sq Ft Est. Value

Last Sold March 13, 2020

Last sale price $354,000 $156 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $3,788/month

15 Days on Market

Highlights

  • Lake Front
  • Spa
  • Community Lake
  • Grayslake North High School Rated A
  • Colonial Architecture
  • Deck

About This Home

As of March 2020

Still Accepting Offers ... Lakefront property: Make this spectacular 4 bedroom, 2.1 bath Colonial backing to Druce Lake in Mariners Cove your next dream home. Relax on the deck or soak in the hot tub/spa ... enjoy sunrises, sunsets, and water vistas with birds and water fowl. Truly move-in ready: freshly painted ~ newer carpet ~ brand new stainless steel kitchen appliances ~ granite kitchen counters and glass tile back splash, newer A/C, furnace, and water heater. Perfect for entertaining, with formal living room w/bay window, and formal dining room w/custom wainscoting. The kitchen adjoins the family room with cozy wood-burning fireplace, built-in bookshelves and triple panel slider to the deck. The lake views are enhanced with the breathtaking breakfast nook window, catching the eye from the front foyer. Light filled windows make this an owners delight. Master bedroom with private bath ~ 1st level laundry ~ partially finished basement for recreation ~ crawl space for extra storage ~ plus outdoor fire pit. The lake is a dream for kayakers, water boarders, pontoon, paddle and sail boats, with motor boating access allowed on neighboring Third Lake. Enjoy great fishing and private beach ... swim in the crystal water. Close to the College of Lake County, schools, neighborhood park, and shopping. Premium lake views. Make it yours!

Last Agent to Sell the Property

John Blair

Baird & Warner Listed on: 02/01/2020

Last Buyer's Agent

Theresa Bloede

Compass License #475120299

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,535

Year Built

  • Built in 1987

Lot Details

  • 0.35 Acre Lot
  • Lot Dimensions are 73x207x73x213
  • Lake Front
  • Paved or Partially Paved Lot
  • Wooded Lot

HOA Fees

  • $13 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Heated Garage
  • Garage Transmitter
  • Garage Door Opener
  • Driveway
  • Parking Included in Price

Home Design

  • Colonial Architecture
  • Asphalt Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,274 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Wood Burning Fireplace
  • Attached Fireplace Door
  • Entrance Foyer
  • Family Room with Fireplace
  • Living Room
  • Formal Dining Room
  • Recreation Room
  • Laminate Flooring
  • Water Views
  • Unfinished Attic

Kitchen

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

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • Dual Sinks

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Partially Finished Basement

  • Partial Basement
  • Sump Pump
  • Crawl Space

Home Security

  • Storm Screens
  • Carbon Monoxide Detectors

Outdoor Features

  • Spa
  • Tideland Water Rights
  • Deck
  • Fire Pit

Location

  • Property is near a park

Schools

  • Avon Center Elementary School
  • Grayslake Middle School
  • Grayslake North High School

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • Heating System Uses Natural Gas
  • 200+ Amp Service
  • Lake Michigan Water
  • Cable TV Available

Community Details

  • Association fees include lake rights
  • Mariners Cove Subdivision, Custom Floorplan
  • Community Lake

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,535

Year Built

Built in 1987

Lot Details

0

HOA Fees

$13 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • ArchitecturalStyle: Colonial
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Subdivision Name: Mariners Cove
  • Year Built: 1987
  • Age: 31-40 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s)
  • Basement: Partial
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Wood Burning, Attached Fireplace Doors/Screen
  • Fireplaces: 1
  • Interior Amenities: Wood Laminate Floors, First Floor Laundry
  • LivingArea: 2274
  • Other Equipment: Humidifier, TV-Cable, CO Detectors, Ceiling Fan(s), Sump Pump
  • Room Type: Recreation Room, Foyer
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Partially Finished,Crawl
  • Bathroom Amenities: Double Sink
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Fireplace Location: Family Room
  • Total Sq Ft: 0
  • Attic: Unfinished

Exterior Features

  • ExteriorFeatures: Deck, Hot Tub, Storms/Screens, Fire Pit
  • Foundation Details: Concrete Perimeter
  • List Price: 365000
  • Lot Features: Lake Front, Water Rights, Water View, Wooded
  • Roof: Asphalt
  • Waterfront: Yes
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Driveway: Asphalt
  • Garage Details: Garage Door Opener(s),Transmitter(s),Heated
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers, 200+ Amp Service
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee: 150
  • Association Fee Frequency: Annually
  • Community Features: Park, Lake, Water Rights, Curbs, Sidewalks, Street Lights, Street Paved
  • Master Association Fee: No
  • ResoAssociationFeeFrequency: Annually

Fee Information

  • Association Fee Includes: Lake Rights, Other

Schools

  • Elementary School: Avon Center Elementary School
  • High School: Grayslake North High School
  • Middle/Junior School: Grayslake Middle School
  • Middle/Junior School District: 46

Lot Info

  • Lot Size Acres: 0.347
  • Lot Dimensions: 73X207X73X213
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 14535.16
  • Tax Year: 2018
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 14, 2020
Sold by
Moore Stephen D and Moore Carolyn A
Bought by
Moore Stephen D and Stephen D Moore Trust
Current Estimated Value
$500,981

Purchase Details

Listed on
Feb 1, 2020
Closed on
Mar 13, 2020
Sold by
Desgagne Heather
Bought by
Moore Stephen D and Moore Carolyn A
Seller's Agent
John Blair
Baird & Warner
Buyer's Agent
Theresa Bloede
Compass
List Price
$365,000
Sold Price
$354,000
Premium/Discount to List
-$11,000
-3.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.50%
Original Mortgage
$254,000
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 28, 2015
Closed on
Oct 2, 2015
Sold by
Freeman Thomas and Freeman Anna
Bought by
Desgagne Heather Holman
Seller's Agent
Lynn Fairfield
RE/MAX Suburban
Buyer's Agent
Lynn Fairfield
RE/MAX Suburban
List Price
$400,000
Sold Price
$335,000
Premium/Discount to List
-$65,000
-16.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.25%

Purchase Details

Closed on
Nov 8, 1999
Sold by
Fleming Dennis B and Fleming Mary Linda A
Bought by
Freeman Thomas and Freeman Anna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
7.87%

Purchase Details

Closed on
Oct 31, 1997
Sold by
Slepicka Kenneth L and Slepicka Kathleen Krone
Bought by
Fleming Dennis B and Fleming Mary Linda A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,250
Interest Rate
7.38%
Source: Public Records

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Range of Values:

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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
Moore Stephen D -- None Available
Moore Stephen D $354,000 Attorney S Ttl Guaranty Fund
Desgagne Heather Holman $335,000 Attorney
Freeman Thomas $280,000 --
Fleming Dennis B $275,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moore Stephen D $255,500
Previous Owner Moore Stephen D $254,000
Previous Owner Freeman Thomas $243,000
Previous Owner Freeman Thomas $189,000
Previous Owner Freeman Thomas $104,000
Previous Owner Freeman Thomas $190,000
Previous Owner Fleming Dennis B $206,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/13/2020 03/13/20 Sold $354,000 -3.0% $156 / Sq Ft
02/16/2020 02/16/20 Pending -- -- --
02/01/2020 02/01/20 For Sale $365,000 +9.0% $161 / Sq Ft
10/02/2015 10/02/15 Sold $335,000 -9.4% $147 / Sq Ft
09/04/2015 09/04/15 Pending -- -- --
08/04/2015 08/04/15 Price Changed $369,900 -3.9% $163 / Sq Ft
06/01/2015 06/01/15 Price Changed $385,000 -3.8% $169 / Sq Ft
04/28/2015 04/28/15 For Sale $400,000 -- $176 / 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 $13,402 $142,741 $31,057 $111,684
2023 $13,471 $131,003 $28,503 $102,500
2022 $13,471 $127,261 $41,973 $85,288
2021 $12,956 $118,879 $40,343 $78,536
2020 $13,011 $113,110 $38,385 $74,725
2019 $12,567 $108,519 $36,827 $71,692
2018 $14,480 $124,440 $42,459 $81,981
2017 $14,534 $117,054 $39,939 $77,115
2016 $13,863 $108,053 $36,868 $71,185
2015 $13,535 $98,715 $33,682 $65,033
2014 $12,107 $88,862 $30,343 $58,519
2012 $11,879 $92,806 $31,690 $61,116
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10603285

Midwest Real Estate Data (MRED)

APN: 06-24-204-010