NOT LISTED FOR SALE

Estimated Value: $16,779 - $262,000

0.34 Acre
$255,721 Price per Acre
14,810 Sq Ft Lot

Last Sold September 24, 2021

Last sale price $12,000

Est. 625% increase in value since last sale

Current estimated payment $538/month

Highlights

  • Gated Community
  • Wooded Lot
  • Level Lot
  • Durand Elementary School Rated A-

About This Lot

As of September 2021

Want to know a secret? Discover the jewel that is NW Illinois’s Premier Lake & Resort Community - Lake Summerset! Create your favorite place to be on this wooded cul-de-sac lot with lake views, possible exposure & within walking distance to the lake, marina, beach, lodge & playground! Lake Summerset offers a beautiful 285 acre stocked lake, 3 beaches, professional pool & tennis courts, 3 marinas with launches, lodge house available for rental, campgrounds & several parks & playgrounds. Safe gated community with 24 hour security. Golf carts are even welcome on the roads! Quiet, AFFORDABLE location away from the hustle & bustle but within 20 miles of larger cities & just 1-½ hours from O’Hare. Perfect place for your new home!

Last Agent to Sell the Property

Pamela Cunningham

Gambino Realtors License #475127317 Listed on: 09/03/2021

Gambino Realtors

Last Buyer's Agent

NON-NWIAR Member

NorthWest Illinois Alliance of REALTORS®

Property Details

Property Type

  • Land

Lot Details

  • 0.34 Acre Lot
  • Level Lot
  • Wooded Lot

HOA Fees

  • $67 Monthly HOA Fees

Schools

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

Community Details

  • Gated Community

Property Details

Property Type

Land

Lot Details

0

HOA Fees

$67 per month

Listing Details

  • Class: LAND
  • Front: 75
  • General Features: County Taxes, Exposure Possible
  • Hoa Fee Frequency: Yearly
  • Legal Description: CORRECTED FINAL PLAT 2 OF LAKE SUMMERSET-SAYBROOK SEC 7 LOT 1515
  • Lot Acreage: 0.34
  • Lvt Date: 09/03/2021
  • Rear: 75
  • Type: Land
  • Buildable Lot: Yes
  • Min2 Story Sq Footage: 850
  • Min Ranch Sq Footage: 850
  • Other Bldg Requirements: Yes
  • Side L: 200
  • Side R: 200
  • Agent Only_ L A1 User Code: 5080
  • Elementary School: Durand Elementary
  • Hold Earnest Money Y N: Yes
  • Pertinent Facts: Want to know a secret? Discover the jewel that is NW Illinois’s Premier Lake & Resort Community - Lake Summerset! Create your favorite place to be on this wooded cul-de-sac lot with lake views, possible exposure & within walking distance to the lake, marina, beach, lodge & playground! Lake Summerset offers a beautiful 285 acre stocked lake, 3 beaches, professional pool & tennis courts, 3 marinas with launches, lodge house available for rental, campgrounds & several parks & playgrounds. Safe gated community with 24 hour security. Golf carts are even welcome on the roads! Quiet, AFFORDABLE location away from the hustle & bustle but within 20 miles of larger cities & just 1-½ hours from O’Hare. Perfect place for your new home!
  • Designated Managing Broker Y N: No
  • Special Features: None
  • Property Sub Type: LotsLands

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 800

Lot Info

  • Topography: Level
  • Land Features: Gated Community, Wooded

Tax Info

  • Year: 2020
  • Taxes: 51

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
Sep 3, 2021
Closed on
Nov 5, 2021
Sold by
Benas George L and Benas Jo Robin
Bought by
Benas Lake Trust
Seller's Agent
Pamela Cunningham
Gambino Realtors
Buyer's Agent
NON-NWIAR Member
NorthWest Illinois Alliance of REALTORS®
List Price
$14,999
Sold Price
$12,000
Premium/Discount to List
-$2,999
-19.99%
Current Estimated Value
$86,945

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,945
Avg. Annual Appreciation
56.84%

Purchase Details

Listed on
Sep 3, 2021
Closed on
Oct 21, 2021
Sold by
Benas George L and Benas Jo Robin
Bought by
Benas Lake Trust
Seller's Agent
Pamela Cunningham
Gambino Realtors
Buyer's Agent
NON-NWIAR Member
NorthWest Illinois Alliance of REALTORS®
List Price
$14,999
Sold Price
$12,000
Premium/Discount to List
-$2,999
-19.99%

Purchase Details

Listed on
Sep 3, 2021
Closed on
Sep 24, 2021
Sold by
Doiel Patrick A
Bought by
George L Benas Iii And Robin F Davies Joint T and Benas Robin F
Seller's Agent
Pamela Cunningham
Gambino Realtors
Buyer's Agent
NON-NWIAR Member
NorthWest Illinois Alliance of REALTORS®
List Price
$14,999
Sold Price
$12,000
Premium/Discount to List
-$2,999
-19.99%
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
Benas Lake Trust -- None Listed On Document
Benas Lake Trust -- None Listed On Document
George L Benas Iii And Robin F Davies Joint T $12,000 Security First Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/24/2021 09/24/21 Sold $12,000 0.0% --
09/24/2021 09/24/21 Sold $12,000 -20.0% -- View Prior Sale
09/03/2021 09/03/21 Pending -- -- --
09/03/2021 09/03/21 For Sale $14,999 +25.0% --
09/03/2021 09/03/21 Pending -- -- --
08/20/2021 08/20/21 Off Market $12,000 -- --
02/21/2021 02/21/21 For Sale $14,999 -- --
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 $114 $1,526 $1,526 --
2022 $49 $604 $604 $0
2021 $51 $556 $556 $0
2020 $51 $535 $535 $0
2019 $50 $521 $521 $0
2018 $140 $1,189 $1,189 $0
2017 $122 $1,166 $1,166 $0
2016 $158 $1,416 $1,416 $0
2015 $158 $1,416 $1,416 $0
2014 $260 $2,363 $2,363 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202105657

NorthWest Illinois Alliance of REALTORS®

APN: 05-06-253-032

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