NOT LISTED FOR SALE

Estimated Value: $443,776 - $598,000

3 Beds
3 Baths
3,200 Sq Ft
$165/Sq Ft Est. Value

Last Sold June 18, 2020

Last sale price $340,000 $106 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $3,712/month

11 Days on Market

Highlights

  • Gated Community
  • Waterfront
  • Creek On Lot
  • Durand Elementary School Rated A-
  • Deck
  • Wooded Lot

About This Home

As of June 2020

Lake Summerset Lake Front Home! Located close to beach and lodge and has some sandy beaches of it's own! 77' of private shoreline on an almost 1/2 acre lot. Beautiful southerly views and lots of shade trees covering the yard. Gorgeous lakeviews from almost every room. Two stately stone fireplaces. (one on the main floor the other in the walk out level family room) Combination living / dining room area with streetside bow window and large water-side patio door to elevated deck. Lakeside Master Suite with great views and en-suite bath. Walk out level has it's own lakeside bedroom suite and huge family room area. Separate pass through room for office or den. Separate laundry room. Excellent storage space. Attached, heated and insulated 2.5 car garage with stairs to basement. This is the first time the home has been on the market in three decades. Well worth a personal visit.

Last Agent to Sell the Property

Don Morgan

Morgan Realty, Inc. License #471013558 Listed on: 05/02/2020

Last Buyer's Agent

Mark Savala

Morgan Realty, Inc. License #475126259

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,997

Year Built

  • Built in 1979

Lot Details

  • 0.45 Acre Lot
  • Waterfront
  • Wooded Lot

HOA Fees

  • $64 Monthly HOA Fees

Home Design

  • Ranch Style House
  • Brick or Stone Mason
  • Shingle Roof

Interior Spaces

  • 2 Fireplaces
  • Wood Burning Fireplace
  • Great Room

Kitchen

  • Electric Range
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Basement

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

Parking

  • 2.5 Car Garage
  • Driveway

Outdoor Features

  • Creek On Lot
  • Deck

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Water Softener

Community Details

Overview

  • Association fees include pool access, water access, clubhouse

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,997

Year Built

Built in 1979

Lot Details

0

HOA Fees

$64 per month

Listing Details

  • Type: Creek/Pond, Gated Community, Water Front, Wooded
  • Additional Room 5: Garage, Dimensions: 25x27, On Level: Main
  • Additional Room 6: Storage, Dimensions: 19x10, On Level: Walk Out
  • Additional Room 7: Laundry, Dimensions: 13.7x6.8, On Level: Walk Out
  • Appliances That Stay or Are Included: Disposal, Dishwasher, Microwave, Refrigerator, Stove/Cooktop, Sump Pump, Water Softener
  • Class: HOUSE
  • Estimated Above Grade Sq Ft: 3200
  • Estate: Yes
  • Estimated Below Grade Finished Sq Ft: 450
  • Fee Includes: Pool Access, Water Access, Clubhouse
  • Front: 125
  • General Features: Basement Entrance, County Taxes, Deck, Full Exposure, Great Room, L.L. Finished Space, Main Floor Master
  • Hoa Fee Frequency: Yearly
  • Legal Description: CORRECTED FINAL PLAT 2 OF LAKE SUMMERSET-SAYBROOK SEC 7 LOT 1535
  • Lot Acreage: 0.45
  • Lvt Date: 05/02/2020
  • Number of Lower Level Full Bathrooms: 1
  • Number of Main Level Full Bathrooms: 2
  • Rear: 77
  • Side 1: 190
  • Side 2: 222
  • Stove Range Fuel: Electric
  • Style: Ranch
  • Type: House
  • Agent Only_ L A1 User Code: 8498
  • Elementary School: Durand Elementary
  • Garage Type Driveway: Attached
  • Pertinent Facts: Lake Summerset Lake Front Home! Located close to beach and lodge and has some sandy beaches of it's own! 77' of private shoreline on an almost 1/2 acre lot. Beautiful southerly views and lots of shade trees covering the yard. Gorgeous lakeviews from almost every room. Two stately stone fireplaces. (one on the main floor the other in the walk out level family room) Combination living / dining room area with streetside bow window and large water-side patio door to elevated deck. Lakeside Master Suite with great views and en-suite bath. Walk out level has it's own lakeside bedroom suite and huge family room area. Separate pass through room for office or den. Separate laundry room. Excellent storage space. Attached, heated and insulated 2.5 car garage with stairs to basement. This is the first time the home has been on the market in three decades. Well worth a personal visit.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 3
  • Basement Type: Full
  • Master Bedroom: Dimensions: 15.2x13.1, On Level: Main
  • Fireplace Type: Wood
  • Bedroom 2: Dimensions: 13.8x11.4, On Level: Main
  • Bedroom 3: Dimensions: 14.4x13.9, On Level: Walk Out
  • Dining Room: Yes, On Level: Main, Dimensions: 16.3x13.2
  • Family Room: Yes, On Level: Walk Out, Dimensions: 31x16.1
  • Fireplace: Yes
  • Full Bathrooms: 3
  • Kitchen: Dimensions: 16x14.4, On Level: Main
  • Living Room: Yes, On Level: Main, Dimensions: 18x16.3
  • Number Of Fireplaces: 2
  • Recreation Room: Yes, On Level: Walk Out, Dimensions: 17x13
  • Total Bathrooms: 3
  • Basement: Yes

Exterior Features

  • Exterior: Brick/Stone
  • 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

Building Info

  • Year Built: 1979

Tax Info

  • Year: 2018
  • Taxes: 7997

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 2, 2020
Closed on
Jun 13, 2020
Sold by
Malcom F Hill Irrevocable Trust
Bought by
Fiorentino Ben Mario and Fiorentino Maryann
Seller's Agent
Don Morgan
Morgan Realty, Inc.
Buyer's Agent
Mark Savala
Morgan Realty, Inc.
List Price
$369,000
Sold Price
$340,000
Premium/Discount to List
-$29,000
-7.86%
Current Estimated Value
$529,194

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$189,194
Avg. Annual Appreciation
8.21%
Original Mortgage
$105,000
Outstanding Balance
$93,074
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$436,120
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
Fiorentino Ben Mario $340,000 Security First Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fiorentino Ben Mario $105,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/18/2020 06/18/20 Sold $340,000 -7.9% $106 / Sq Ft
05/13/2020 05/13/20 Pending -- -- --
05/02/2020 05/02/20 For Sale $369,000 -- $115 / 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 $10,800 $144,136 $23,867 $120,269
2022 $8,896 $109,105 $18,249 $90,856
2021 $9,234 $100,465 $16,804 $83,661
2020 $7,881 $82,764 $16,169 $66,595
2019 $7,780 $80,666 $15,759 $64,907
2018 $7,997 $77,437 $15,128 $62,309
2017 $7,948 $75,918 $14,831 $61,087
2016 $8,454 $75,918 $14,831 $61,087
2015 $4,231 $75,918 $14,831 $61,087
2014 $8,326 $75,918 $14,831 $61,087
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202002137

NorthWest Illinois Alliance of REALTORS®

APN: 05-06-403-007