NOT LISTED FOR SALE

Estimated Value: $295,000 - $320,662

4 Beds
2.5 Baths
3,250 Sq Ft
$93/Sq Ft Est. Value

Last Sold August 26, 2022

Last sale price $233,333 $72 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $2,136/month

24 Days on Market

Highlights

  • Water Views
  • Gated Community
  • Great Room
  • Durand Elementary School Rated A-
  • Deck
  • Skylights

About This Home

As of August 2022

Prepared to be wowed. This spacious, well cared for, and adorable Lake Summerset home is ready for new owners to enjoy. Take advantage of the community perks such as the pool and private lake to cool off in the heat. Enjoy many other recreational activities this community has to offer as well. This home has amazing lake views, and plenty of space for entertaining inside and out. Plenty of natural light throughout this home makes the space feel so inviting! Enjoy mornings sipping coffee overlooking the lake and evenings on the back patio in pure bliss. Grab your floaties, ice up the cooler, and hurry to check out this wonderful home today.

Last Agent to Sell the Property

Colin Schindler

Re/Max Ignite License #475193933 Listed on: 06/16/2022

Re/Max Ignite

Last Buyer's Agent

Don Morgan

Morgan Realty, Inc. License #471013558

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,462

Lot Details

  • 0.74 Acre Lot

HOA Fees

  • $64 Monthly HOA Fees

Home Design

  • Brick or Stone Mason
  • Shingle Roof
  • Siding

Interior Spaces

  • 2-Story Property
  • Built-in Bookshelves
  • Skylights
  • Wood Burning Fireplace
  • Great Room
  • Water Views

Kitchen

  • Electric Range
  • Stove
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Finished Basement

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

Parking

  • 2.5 Car Garage
  • Driveway

Outdoor Features

  • Deck
  • Patio

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Community Details

Overview

  • Association fees include pool access, water access, clubhouse

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,462

Lot Details

0

HOA Fees

$64 per month

Listing Details

  • Interior Amenities: Book Cases Built In, Smoke Detectors
  • Road Frontage: City/Town
  • Type: Gated Community, Water View
  • Electric: Circuit Breaker
  • Additional Room 5: DIN AREA, Dimensions: 13.4x10.4, On Level: Main
  • Additional Room 6: Parlor, Dimensions: 11.7x10, On Level: Main
  • Additional Room 7: Laundry, Dimensions: 8.3x23.8, On Level: Main
  • Appliances That Stay or Are Included: Dishwasher, Dryer, Refrigerator, Stove/Cooktop, Washer
  • Class: HOUSE
  • Estimated Below Grade Finished Sq Ft: 450
  • Exemptions: Owner
  • Fee Includes: Pool Access, Water Access, Clubhouse
  • Front: 44.3
  • General Features: Basement Entrance, Deck, Full Exposure, Great Room, Laundry 1st Floor, Patio, Skylight(s)
  • Hoa Fee Frequency: Yearly
  • Legal Description: CORRECTED FINAL PLAT 2 OF LAKE SUMMERSET-SAYBROOK SEC 7 LOT 1490
  • Lot Acreage: 0.74
  • Lvt Date: 06/16/2022
  • Number of Upper Level Full Bathrooms: 2
  • Number of Main Level Half Bathrooms: 1
  • Rear: 289.69
  • Side 1: 218.47
  • Side 2: 212.67
  • Stove Range Fuel: Electric
  • Style: 2 Story
  • Type: House
  • Agent Only_ L A1 User Code: 110712
  • Egress: Yes
  • Elementary School: Durand Elementary
  • Estimated Total Finished Sq Ft: 3250
  • Garage Type Driveway: Asphalt, Attached
  • Hold Earnest Money Y N: No
  • Pertinent Facts: Prepared to be wowed. This spacious, well cared for, and adorable Lake Summerset home is ready for new owners to enjoy. Take advantage of the community perks such as the pool and private lake to cool off in the heat. Enjoy many other recreational activities this community has to offer as well. This home has amazing lake views, and plenty of space for entertaining inside and out. Plenty of natural light throughout this home makes the space feel so inviting! Enjoy mornings sipping coffee overlooking the lake and evenings on the back patio in pure bliss. Grab your floaties, ice up the cooler, and hurry to check out this wonderful home today.
  • Designated Managing Broker Y N: Yes
  • Estimated Above Grade Sq Ft: 2800
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Bedrooms: 4
  • Basement Type: Full
  • Master Bedroom: Dimensions: 17.6x13, On Level: Upper
  • Fireplace Type: Wood
  • Basement: Basement Entrance, Finished
  • Bedroom 2: Dimensions: 12.9x13.5, On Level: Upper
  • Bedroom 3: Dimensions: 13x12.4, On Level: Upper
  • Bedroom 4: Dimensions: 14.7x13.3, On Level: Walk Out
  • Dining Room: Yes, On Level: Main, Dimensions: 13x12
  • Family Room: Yes, On Level: Main, Dimensions: 22.7x14
  • Fireplace: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Kitchen: Dimensions: 10.6x13, On Level: Main
  • Living Room: Yes, On Level: Main, Dimensions: 15.5x13.8
  • Number Of Fireplaces: 1
  • Recreation Room: Yes, On Level: Walk Out, Dimensions: 35x13
  • Total Bathrooms: 2.5
  • Basement: Yes

Exterior Features

  • Exterior: Brick/Stone, Siding
  • Roof: Shingle

Garage/Parking

  • Garage: 2.5

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Electric
  • Sewer: City/Community
  • Water: City/Community
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA Fees: 765

Tax Info

  • Year: 2021
  • Taxes: 4462

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
Jun 16, 2022
Closed on
Aug 26, 2022
Sold by
Mielke Courtney R
Bought by
Faulkner Bradley L and Faulkner Holly L
Seller's Agent
Colin Schindler
Re/Max Ignite
Buyer's Agent
Don Morgan
Morgan Realty, Inc.
List Price
$260,000
Sold Price
$233,333
Premium/Discount to List
-$26,667
-10.26%
Current Estimated Value
$302,916

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,583
Avg. Annual Appreciation
8.08%

Purchase Details

Listed on
May 12, 2020
Closed on
Jun 30, 2020
Sold by
James T Lynch Living Trust
Bought by
Mielke Courtney R
Seller's Agent
Don Morgan
Morgan Realty, Inc.
Buyer's Agent
Don Morgan
Morgan Realty, Inc.
List Price
$174,900
Sold Price
$160,485
Premium/Discount to List
-$14,415
-8.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.92%
Original Mortgage
$150,485
Interest Rate
2.88%
Mortgage Type
New Conventional
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
Faulkner Bradley L $223,500 --
Mielke Courtney R $160,500 Security First Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mielke Courtney R $150,485
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/26/2022 08/26/22 Sold $233,333 -6.7% $72 / Sq Ft
07/10/2022 07/10/22 Pending -- -- --
07/06/2022 07/06/22 Price Changed $250,000 -3.8% $77 / Sq Ft
06/16/2022 06/16/22 For Sale $260,000 +62.0% $80 / Sq Ft
06/30/2020 06/30/20 Sold $160,485 -8.2% $57 / Sq Ft View Prior Sale
05/12/2020 05/12/20 Pending -- -- --
05/12/2020 05/12/20 For Sale $174,900 -- $62 / Sq Ft
Source: NorthWest Illinois Alliance of REALTORS®

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 $5,853 $85,826 $11,411 $74,415
2022 $4,341 $59,242 $8,725 $50,517
2021 $4,462 $54,551 $8,034 $46,517
2020 $4,902 $51,481 $7,730 $43,751
2019 $4,839 $50,176 $7,534 $42,642
2018 $3,723 $48,167 $7,232 $40,935
2017 $3,583 $47,222 $7,090 $40,132
2016 $3,811 $47,222 $7,090 $40,132
2015 $3,814 $47,222 $7,090 $40,132
2014 $4,834 $56,178 $7,090 $49,088
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202203802

NorthWest Illinois Alliance of REALTORS®

APN: 05-06-426-012