NOT LISTED FOR SALE

1431 Pier Dr Davis, IL 61019

Lake Summerset Neighborhood

Estimated Value: $242,000 - $306,246

0.64 Acres
$407,909 Price per Acre
27,878 Sq Ft Lot

Last Sold June 29, 2018

Last sale price $172,500

Est. 55% increase in value since last sale

Current estimated payment $1,731/month

1,066 Days on Market

Highlights

  • Gated Community
  • Durand Elementary School Rated A-
  • Waterfront

About This Lot

As of June 2018

BEAUTIFUL LAKEFRONT LOT WITH 180 FEET OF LAKE FRONTAGE LOCATED NEAR THE MAIN BEACH AND LODGE. THIS IS THE PERFECT BUILDING SITE FOR YOUR LAKEFRONT HOME. ENJOY LAKE SUMMERSET AND ALL ITS AMENITIES: FISHING, SWIMMING, BOATING, 2 MARINAS, 2 BEACHES, & CAMPGROUND. CITY SEWER & WATER AVAILABLE AT LOT LINE.

Last Agent to Sell the Property

Nancy Weaver

Best Realty License #475130383 Listed on: 07/02/2015

Last Buyer's Agent

Don Morgan

Morgan Realty, Inc. License #471013558

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,671

Lot Details

  • 27,878 Sq Ft Lot
  • Waterfront

HOA Fees

  • $59 Monthly HOA Fees

Schools

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

Community Details

  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$2,671

Lot Details

0.64 Acres

HOA Fees

$59 per month

Listing Details

  • Class: LAND
  • Front: 31.13
  • General Features: County Taxes
  • Hoa Fee Frequency: Yearly
  • Legal Description: CORRECTED FINAL PLAT 2 OF LAKE SUMMERSET - WAYBROOK SEC 7 LOT 1431
  • Lot Acreage: 0.64
  • Rear: 180.75
  • Type: Land
  • Buildable Lot: Yes
  • Side L: 280.99
  • Side R: 228
  • Agent Only_ L A1 User Code: 4021
  • Elementary School: Durand Elementary
  • Pertinent Facts: BEAUTIFUL LAKEFRONT LOT WITH 180 FEET OF LAKE FRONTAGE LOCATED NEAR THE MAIN BEACH AND LODGE. THIS IS THE PERFECT BUILDING SITE FOR YOUR LAKEFRONT HOME. ENJOY LAKE SUMMERSET AND ALL ITS AMENITIES: FISHING, SWIMMING, BOATING, 2 MARINAS, 2 BEACHES, & CAMPGROUND. CITY SEWER & WATER AVAILABLE AT LOT LINE.
  • Special Features: None
  • Property Sub Type: LotsLands

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 710

Lot Info

  • Land Features: Gated Community, Water Front

Tax Info

  • Year: 2016
  • Taxes: 2671

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
Jul 2, 2015
Closed on
Jun 29, 2018
Sold by
Kekang Liang and Kekang Lilit S
Bought by
Tippens Jack D and Tippens Dora M
Seller's Agent
Nancy Weaver
Best Realty
Buyer's Agent
Don Morgan
Morgan Realty, Inc.
List Price
$199,000
Sold Price
$172,500
Premium/Discount to List
-$26,500
-13.32%
Current Estimated Value
$267,395

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,895
Avg. Annual Appreciation
5.49%
Original Mortgage
$129,375
Interest Rate
4.63%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Tippens Jack D $172,500 Security First Title
Jack D Tippens And Dora M Tippens Revocable L $172,500 Security First Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Jack D Tippens And Dora M Tippens Revocable L $129,375
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/29/2018 06/29/18 Sold $172,500 -13.3% --
06/02/2018 06/02/18 Pending -- -- --
07/02/2015 07/02/15 For Sale $199,000 -- --
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 $2,921 $38,987 $38,987 --
2022 $2,406 $29,512 $29,512 $0
2021 $2,498 $27,175 $27,175 $0
2020 $2,490 $26,147 $26,147 $0
2019 $2,458 $25,484 $25,484 $0
2018 $2,600 $24,464 $24,464 $0
2017 $2,511 $23,984 $23,984 $0
2016 $2,671 $23,984 $23,984 $0
2015 $2,673 $23,984 $23,984 $0
2014 $2,642 $23,984 $23,984 $0
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2018

    Nancy Weaver

    Best Realty

    Section Image
  • Don Morgan

    Buyer's Agent in 2018

    Don Morgan

    Morgan Realty, Inc.

    (815) 656-4162

    100 in this area

    293 Total Sales

    Don Morgan
    Section Image
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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 201504177

NorthWest Illinois Alliance of REALTORS®

APN: 05-06-327-007

Illinois Winnebago County Davis 61019 Lake Summerset

1431 Pier Dr, Davis, IL

Not Listed for Sale

Lots

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