NOT LISTED FOR SALE

15 N Lake Ave Third Lake, IL 60030

Estimated Value: $869,000 - $1,225,047

3 Beds
4.5 Baths
3,246 Sq Ft
$328/Sq Ft Est. Value

Last Sold April 28, 2022

Last sale price $900,000 $277 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $8,111/month

16 Days on Market

Highlights

  • Lake Front
  • Home Theater
  • Recreation Room
  • Woodland Elementary School Rated A-
  • Community Lake
  • Home Gym

About This Home

As of April 2022

Lake life is truly the good life! This luxury 4 bed and 4 1/2 bath home is located on Third Lake, a spring fed lake. It is the deepest lake in Lake County and boasts of its abundant fishing and natural wildlife. You can indulge in all your favorite lake activities including swimming, boating, water skiing, jet skiing, kayaking, fishing, and more. Here you get the best of both worlds; a beautiful home that was built in 2013, and a fabulous lake to enjoy! The main level has 10 foot ceilings, crown molding throughout and the entire home has Pella windows with plantation shutters. Also on the main level is the master bedroom with ensuite bath, the office with an ideal built-in desk for 2, and a gorgeous dining room with wainscoting and coffered ceilings. Just imagine the get togethers and holiday parties you can host here! The heart of the home includes a large kitchen that opens up to the eating area and family room. There you can enjoy the most incredible panoramic views all year round, never tiring of the beautiful sunsets! The gourmet kitchen features granite countertops, a large center island, stainless steel appliances, a cooktop and a walk-in pantry. The family room adorns a floor to ceiling fireplace and custom built shelving. French doors off the family room lead to the porch where you can relax in the fresh air and get even closer to those phenomenal views. Upstairs offers 2 large bedrooms with walk-in closets and 2 full baths. Downstairs is a full English basement adding an additional 2,447 square feet of living space. The rooms have ample amounts of natural light coming in through the many windows, with an exercise room, a 4th bedroom, a full bath, a large media area and a rec room with a built-in bar and an unfinished storage area. Plenty more space to relax or entertain. The home is equipped with a Digital Innovations interior and exterior video surveillance system, a whole house generator and a reverse osmosis water system. Nearby is the Rollins Savannah with bike trails for more outdoor fun, shopping, restaurants, and the highway. This home is conveniently located in between Chicago and Milwaukee and is a perfect spot to vacation or vacation 365 days a year!

Last Agent to Sell the Property

Mary Onstad

Baird & Warner License #475184682 Listed on: 03/03/2022

Baird & Warner

Last Buyer's Agent

Jane Haynes

Baird & Warner License #475140473

Baird & Warner

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $26,349

Year Built

  • Built in 2013

Lot Details

  • Lot Dimensions are 50 x 224.9 x 50 x 224.9
  • Lake Front

Parking

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

Home Design

  • Asphalt Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,246 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Gas Log Fireplace
  • French Doors
  • Family Room
  • Living Room with Fireplace
  • Combination Kitchen and Dining Room
  • Home Theater
  • Den
  • Recreation Room
  • Home Gym
  • Water Views
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Potential Bedrooms
  • Dual Sinks

Finished Basement

  • English Basement
  • Basement Fills Entire Space Under The House
  • Recreation or Family Area in Basement
  • Finished Basement Bathroom
  • Basement Storage

Accessible Home Design

  • Handicap Shower
  • Accessibility Features
  • Stair Lift

Outdoor Features

  • Tideland Water Rights
  • Patio

Schools

  • Grayslake North High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • 200+ Amp Service
  • Well

Community Details

  • Sunshine Subdivision
  • Community Lake

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$26,349

Year Built

Built in 2013

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Subdivision Name: Sunshine
  • Year Built: 2013
  • Age: 6-10 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: Yes
  • General Information: School Bus Service,Commuter Bus,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Full, English
  • Accessibility Features: Stair Lift
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bathrooms: 5
  • Total Bedrooms: 3
  • Fireplace Features: Gas Log
  • Fireplaces: 1
  • LivingArea: 3246
  • Other Equipment: Ceiling Fan(s)
  • Room Type: Den, Pantry, Recreation Room, Media Room, Exercise Room
  • Estimated Total Finished Sq Ft: 2447
  • Basement Description: Finished,Rec/Family Area,Storage Space
  • Bathroom Amenities: Handicap Shower,Double Sink
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 1
  • Dining Room: Kitchen/Dining Combo
  • Fireplace Location: Living Room
  • Total Sq Ft: 2447
  • Door Features: French Doors

Exterior Features

  • ExteriorFeatures: Patio
  • Foundation Details: Concrete Perimeter
  • Lot Features: Lake Front, Water Rights, Water View, Waterfront
  • Roof: Asphalt
  • Waterfront: Yes
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage
  • Type: Island,Pantry-Walk-in,Granite Counters,Updated Kitchen

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: 200+ Amp Service
  • Heating: Natural Gas, Forced Air
  • Water Source: Private Well

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Lake, Water Rights
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • High School: Grayslake North High School

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 50 X 224.9 X 50 X 224.9
  • Rural (Y/N): Y
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

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

Tax Info

  • Tax Annual Amount: 26349.12
  • Tax Year: 2020
  • Tax Exemptions: Homeowner,Senior,Other

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2022
Closed on
Apr 26, 2022
Sold by
Dormagen Jackie W
Bought by
Kritenbrink Albert John and Kritenbrink Krista
Seller's Agent
Mary Onstad
Baird & Warner
Buyer's Agent
Jane Haynes
Baird & Warner
List Price
$900,000
Sold Price
$900,000
Current Estimated Value
$1,064,262

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$164,262
Avg. Annual Appreciation
4.75%
Original Mortgage
$647,200
Outstanding Balance
$610,494
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$453,768

Purchase Details

Closed on
Dec 8, 2010
Sold by
Standard Bank & Trust Company
Bought by
Dormagen Joseph S and Dormagen Jackie W

Purchase Details

Closed on
May 12, 2006
Sold by
Usa Gary and Usa Donna
Bought by
Standard Bank & Trust Co and Trust #17542

Purchase Details

Closed on
May 12, 2000
Sold by
Frosch Donald R and Frosch Cara R
Bought by
Usa Gary and Usa Donna

Purchase Details

Closed on
Jul 9, 1996
Sold by
Picket William F
Bought by
Frosch Donald R and Frosch Cara R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
8.09%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kritenbrink Albert John $900,000 New Title Company Name
Dormagen Joseph S $175,000 Greater Illinois Title Co
Standard Bank & Trust Co $290,000 None Available
Usa Gary $117,000 --
Frosch Donald R $110,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kritenbrink Albert John $647,200
Previous Owner Frosch Donald R $70,000
Closed Frosch Donald R $70,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/28/2022 04/28/22 Sold $900,000 0.0% $277 / Sq Ft
03/20/2022 03/20/22 Pending -- -- --
03/03/2022 03/03/22 For Sale $900,000 -- $277 / 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 $30,154 $326,064 $49,247 $276,817
2023 $26,925 $299,251 $45,197 $254,054
2022 $26,925 $270,518 $42,095 $228,423
2021 $26,593 $260,013 $40,460 $219,553
2020 $26,349 $247,396 $38,497 $208,899
2019 $23,895 $237,356 $36,935 $200,421
2018 $22,405 $224,236 $47,218 $177,018
2017 $20,324 $190,350 $44,414 $145,936
2016 $19,535 $175,713 $40,999 $134,714
2015 $18,525 $149,921 $37,456 $112,465
2014 $4,835 $142,551 $30,379 $112,172
2012 $4,768 $38,065 $38,065 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11338445

Midwest Real Estate Data (MRED)

APN: 06-13-402-010