NOT LISTED FOR SALE

1518 Roxbury Ct Lake Summerset, IL 61019

Lake Summerset Neighborhood

Estimated Value: $74,000 - $267,000

0.59 Acre
$248,022 Price per Acre
25,700 Sq Ft Lot

Last Sold November 01, 2023

Last sale price $6,200

Est. 2,260% increase in value since last sale

Current estimated payment $864/month

157 Days on Market

About This Lot

As of November 2023

UPDATE 7-20-2023 Seller is eager to complete a sale on this property to close out an estate. Offers welcome! Wooded lot in quiet cul-de-sac location. A bit of a birders paradise! With almost 6/10 of an acre and a good deal of flat grounds to work with, a fine home could be placed on this parcel. The back half slopes down to a seasonal water course and gives you a great deal of privacy from the backside neighbors. Lake Summerset is known for great fishing, watersports, two private beaches, terrific campgrounds and a peaceful environment.

Last Agent to Sell the Property

Don Morgan

Morgan Realty, Inc. License #471013558 Listed on: 05/09/2023

Last Buyer's Agent

Don Morgan

Morgan Realty, Inc. License #471013558 Listed on: 05/09/2023

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $114

Lot Details

  • 0.59 Acre Lot
  • Sloped Lot
  • Wooded Lot

HOA Fees

  • $78 Monthly HOA Fees

Schools

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

Property Details

Property Type

Land

Est. Annual Taxes

$114

Lot Details

0

HOA Fees

$78 per month

Listing Details

  • Class: LAND
  • Estate: Yes
  • Front: 34
  • General Features: County Taxes
  • Grid: 11
  • Hoa Fee Frequency: Yearly
  • Legal Description: CORRECTED FINAL PLAT 2 OF LAKE SUMMERSET-SAYBROOK SEC 7 LOT 1518
  • Lot Acreage: 0.59
  • Lvt Date: 05/09/2023
  • Rear: 200
  • Type: Land
  • Buildable Lot: Yes
  • Side L: 307
  • Side R: 212
  • Agent Only_ L A1 User Code: 8498
  • Elementary School: Durand Elementary
  • Hold Earnest Money Y N: Yes
  • Pertinent Facts: UPDATE 7-20-2023 Seller is eager to complete a sale on this property to close out an estate. Offers welcome! Wooded lot in quiet cul-de-sac location. A bit of a birders paradise! With almost 6/10 of an acre and a good deal of flat grounds to work with, a fine home could be placed on this parcel. The back half slopes down to a seasonal water course and gives you a great deal of privacy from the backside neighbors. Lake Summerset is known for great fishing, watersports, two private beaches, terrific campgrounds and a peaceful environment.
  • Designated Managing Broker Y N: Yes
  • L O1 Brokerage Number: 478025436
  • S O1 Brokerage Number: 478025436
  • Special Features: None
  • Property Sub Type: LotsLands

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 932

Schools

  • School District: Durand 322
  • Elementary School: Durand Elementary
  • Middle School: Durand Jr High
  • High School: Durand High

Lot Info

  • Topography: Slope to Rear
  • Land Features: Wooded

Tax Info

  • Year: 2022
  • Taxes: 49

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
May 9, 2023
Closed on
Nov 2, 2023
Sold by
Virginia L Thorn Living Trust
Bought by
Luken Kent M and Luken Heather L
Seller's Agent
Don Morgan
Morgan Realty, Inc.
Buyer's Agent
Don Morgan
Morgan Realty, Inc.
List Price
$10,900
Sold Price
$6,200
Premium/Discount to List
-$4,700
-43.12%
Views
27
Current Estimated Value
$146,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$140,133
Avg. Annual Appreciation
313.55%

Purchase Details

Listed on
May 9, 2023
Closed on
Oct 24, 2023
Sold by
Virginia L Thorn Living Trust and Thorn Jeffrey L
Bought by
Luken Kent M and Luken Heather L
Seller's Agent
Don Morgan
Morgan Realty, Inc.
Buyer's Agent
Don Morgan
Morgan Realty, Inc.
List Price
$10,900
Sold Price
$6,200
Premium/Discount to List
-$4,700
-43.12%
Views
27
Source: Public Records

Range of Values:

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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
Luken Kent M $6,500 Security First Title
Luken Kent M $6,500 Security First Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2023 11/01/23 Sold $6,200 -22.5% --
10/13/2023 10/13/23 Pending -- -- --
10/04/2023 10/04/23 Price Changed $8,000 -26.6% --
07/20/2023 07/20/23 For Sale $10,900 +75.8% --
07/16/2023 07/16/23 Off Market $6,200 -- --
06/27/2023 06/27/23 Price Changed $10,900 -12.8% --
05/09/2023 05/09/23 For Sale $12,500 -- --
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 $114 $1,526 $1,526 --
2023 $104 $1,308 $1,308 $0
2022 $49 $604 $604 $0
2021 $51 $556 $556 $0
2020 $51 $535 $535 $0
2019 $50 $521 $521 $0
2018 $316 $1,530 $1,530 $0
2017 $157 $1,500 $1,500 $0
2016 $474 $4,254 $4,254 $0
2015 $474 $4,254 $4,254 $0
2014 $469 $4,254 $4,254 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202302328

NorthWest Illinois Alliance of REALTORS®

APN: 05-06-253-029