NOT LISTED FOR SALE

Estimated Value: $239,025 - $264,000

2 Beds
2.5 Baths
2,368 Sq Ft
$105/Sq Ft Est. Value

Last Sold August 11, 2023

Last sale price $180,000 $76 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $1,754/month

69 Days on Market

Highlights

  • Wooded Lot
  • Ranch Style House
  • Walk-In Closet
  • Durand Elementary School Rated A-
  • 2 Fireplaces
  • Dry Bar

About This Home

As of August 2023

Unique opportunity to purchase a ranch home in an old growth forest section of Lake Summerset with two adjoining lots available. Formerly part of Illinois Native Plant Society grounds. Very close to front gate, lodge, beach and marina. Cul-de-sac location for maximum privacy. Selling to close estate. This two bedroom ( three if you count a pass through room) features a formal living room with wood burning fire stove. Two family room areas on the lower level. All electric baseboard heat with multiple thermostats. Several wall mount air conditioners. And to top it off there is the coolest fireplace ever in the lower family room. One adjoining lot is also available at a discounted rate when combined with the home.

Last Agent to Sell the Property

Don Morgan

Morgan Realty, Inc. License #471013558 Listed on: 04/20/2023

Last Buyer's Agent

Jennifer Heatherly

Best Realty License #475.199608

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,848

Year Built

  • Built in 1973

Lot Details

  • 0.55 Acre Lot
  • Wooded Lot

HOA Fees

  • $78 Monthly HOA Fees

Home Design

  • Ranch Style House
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • Dry Bar
  • Ceiling Fan
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Window Treatments

Kitchen

  • Built-In Oven
  • Electric Range
  • Stove

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Basement

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

Parking

  • 1.5 Car Garage
  • Driveway

Outdoor Features

  • Fire Pit
  • Outbuilding

Schools

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

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Wood
  • Baseboard Heating
  • Electric Water Heater
  • Water Softener

Community Details

  • Association fees include pool access, water access, clubhouse

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,848

Year Built

Built in 1973

Lot Details

0

HOA Fees

$78 per month

Listing Details

  • Interior Amenities: Bar-Dry, Ceiling Fans/Remotes, Walk-In Closet, Window Treatments
  • Road Frontage: City/Town
  • Type: Wooded
  • Electric: Circuit Breaker
  • Additional Room 5: office, Dimensions: 14x11, On Level: Lower
  • Additional Room 6: storage, Dimensions: 12.5x12.5, On Level: Lower
  • Appliances That Stay or Are Included: Dryer, Stove/Cooktop, Wall Oven, Washer, Water Softener
  • Class: HOUSE
  • Estimated Above Grade Sq Ft: 1368
  • Estate: Yes
  • Estimated Below Grade Finished Sq Ft: 1000
  • Exemptions: Owner, Senior
  • Fee Includes: Pool Access, Water Access, Clubhouse
  • Front: 34
  • General Features: Basement Entrance, L.L. Finished Space, Main Floor Master, Out Building(s), Fire-Pit/Fireplace, Laundry Basement
  • Grid: 11
  • Hoa Fee Frequency: Yearly
  • Legal Description: CORRECTED FINAL PLAT 2 OF LAKE SUMMERSET-SAYBROOK SEC 7 LOT 1519
  • Lot Acreage: 0.55
  • Lvt Date: 04/20/2023
  • Number of Main Level Full Bathrooms: 2
  • Number of Lower Level Half Bathrooms: 1
  • Rear: 208
  • Side 1: 191
  • Side 2: 307
  • Stove Range Fuel: Electric
  • Style: Ranch
  • Type: House
  • Agent Only_ L A1 User Code: 8498
  • Egress: Yes
  • Elementary School: Durand Elementary
  • Estimated Total Finished Sq Ft: 2368
  • Garage Type Driveway: Attached, Concrete
  • Hold Earnest Money Y N: Yes
  • Pertinent Facts: Unique opportunity to purchase a ranch home in an old growth forest section of Lake Summerset with two adjoining lots available. Formerly part of Illinois Native Plant Society grounds. Very close to front gate, lodge, beach and marina. Cul-de-sac location for maximum privacy. Selling to close estate. This two bedroom ( three if you count a pass through room) features a formal living room with wood burning fire stove. Two family room areas on the lower level. All electric baseboard heat with multiple thermostats. Several wall mount air conditioners. And to top it off there is the coolest fireplace ever in the lower family room. One adjoining lot is also available at a discounted rate when combined with the home.
  • Designated Managing Broker Y N: Yes
  • Estimated Above Grade Sq Ft: 1368
  • L O1 Brokerage Number: 478025436
  • S O1 Brokerage Number: 481010044
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 2
  • Basement Type: Full
  • Master Bedroom: Dimensions: 13.6x13.7, On Level: Main
  • Fireplace Type: Wood
  • Basement: Basement Entrance
  • Bedroom 2: Dimensions: 15.6x11.5, On Level: Main
  • Dining Room: Yes, On Level: Main, Dimensions: 16x13.5
  • Family Room: Yes, On Level: Lower, Dimensions: 25.3x12.6
  • Fireplace: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Kitchen: Dimensions: 17.8x8, On Level: Main
  • Living Room: Yes, On Level: Main, Dimensions: 16x15
  • Number Of Fireplaces: 2
  • Price Per Sq Ft: 76.01
  • Recreation Room: Yes, On Level: Lower, Dimensions: 21.9x14.8
  • Total Bathrooms: 2.5
  • Basement: Yes

Exterior Features

  • Exterior: Wood
  • Roof: Shingle

Garage/Parking

  • Garage: 1.5

Utilities

  • Cooling: Wall Unit
  • Heating: Baseboard, Electric, Wood
  • Sewer: City/Community
  • Water: City/Community
  • Water Heater: Electric

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

Building Info

  • Year Built: 1973

Tax Info

  • Year: 2022
  • Taxes: 2848

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
Apr 20, 2023
Closed on
Aug 11, 2023
Sold by
Virginia L Thorn Living Trust
Bought by
Levander John
Seller's Agent
Don Morgan
Morgan Realty, Inc.
Buyer's Agent
Jennifer Heatherly
Best Realty
List Price
$179,900
Sold Price
$180,000
Premium/Discount to List
$100
0.06%
Views
240
Current Estimated Value
$247,506

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,506
Avg. Annual Appreciation
12.95%
Original Mortgage
$176,739
Outstanding Balance
$171,949
Interest Rate
6.75%
Mortgage Type
FHA
Estimated Equity
$61,341
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
Levander John $180,000 Security First Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Levander John $176,739
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/11/2023 08/11/23 Sold $180,000 +0.1% $76 / Sq Ft
06/28/2023 06/28/23 Pending -- -- --
06/20/2023 06/20/23 For Sale $179,900 0.0% $76 / Sq Ft
06/11/2023 06/11/23 Pending -- -- --
05/08/2023 05/08/23 Price Changed $179,900 -15.5% $76 / Sq Ft
04/20/2023 04/20/23 For Sale $212,900 -- $90 / 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 $4,360 $64,185 $6,847 $57,338
2023 $3,264 $51,995 $5,867 $46,128
2022 $2,848 $45,931 $5,235 $40,696
2021 $2,876 $42,293 $4,820 $37,473
2020 $2,828 $40,694 $4,638 $36,056
2019 $2,764 $39,662 $4,520 $35,142
2018 $2,827 $38,074 $4,339 $33,735
2017 $2,756 $37,328 $4,254 $33,074
2016 $2,932 $37,328 $4,254 $33,074
2015 $2,934 $37,328 $4,254 $33,074
2014 $2,966 $37,328 $4,254 $33,074
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202301918

NorthWest Illinois Alliance of REALTORS®

APN: 05-06-253-028