NOT LISTED FOR SALE

1540 Newport Ln Inverness, IL 60010

Estimated Value: $1,892,000 - $2,489,000

5 Beds
8 Baths
6,460 Sq Ft
$343/Sq Ft Est. Value

Sale Details

Date Sold: April 30, 2021

Last sale price $1,650,000 $255 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $14,890 / mo

13 Days on Market

Highlights

  • Home Theater
  • Fireplace in Primary Bedroom
  • Recreation Room
  • Grove Avenue Elementary School Rated A+
  • Deck
  • Home Office

About This Home

As of April 2021

Gorgeous custom built, professionally landscaped, brick and stone home in the fantastic Glencrest subdivision neighborhood. Gleaming walnut floors throughout, volume ceilings in all bedrooms, and surround sound throughout the house. Five fireplaces: family room, living room, Master Bedroom, Hearth Room off the kitchen, and lower level. Cooks will enjoy the gourmet kitchen with exquisite finishes, Sub-Zero frig, Decor Double oven/48" range/warming drawer. The kitchen's open floor plan flows into the breakfast room and warm and cozy hearth sitting room. There's also a Butler's Pantry with a wine cooler. A private MAIN FLOOR bedroom suite and master bath, along with 4 more bedrooms upstairs make this a great family home! The 5th bedroom upstairs, now used as a guest/nanny room, could also be used as a bonus room. A perfect home office is located in the lower level. This home was designed for entertaining, with a downstairs Full 2nd kitchen, family/reception room with fireplace, wet bar, separate lounge/sitting area, huge recreation game room, gym, theatre room, and full bath. The huge deck outside is great for summer gatherings. The home is equipped with central vacuum system, a whole house generator and a heated garage with epoxy floor. So much to see and appreciate in this beautiful home!

Last Agent to Sell the Property

Dean Tubekis

Coldwell Banker Realty License #475137834 Listed on: 01/19/2021

Coldwell Banker Realty

Co-Listed By

Peter Perisin

Coldwell Banker Realty License #471005957

Last Buyer's Agent

John Morrison

@properties Christie's International Real Estate License #471000101

@properties Christie's International Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $23,621

Year Built

  • Built in 2006

Lot Details

  • 41,948 Sq Ft Lot
  • Lot Dimensions are 227x150x 312x150

Parking

  • 4 Car Attached Garage
  • Heated Garage
  • Garage Door Opener
  • Driveway
  • Parking Space is Owned

Home Design

  • Brick or Stone Mason
  • Shake Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 6,460 Sq Ft Home
  • 2-Story Property
  • Fireplace in Hearth Room
  • Entrance Foyer
  • Family Room with Fireplace
  • 5 Fireplaces
  • Living Room with Fireplace
  • Sitting Room
  • Breakfast Room
  • Formal Dining Room
  • Home Theater
  • Home Office
  • Recreation Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • Fireplace in Primary Bedroom

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Fireplace in Basement
  • Finished Basement Bathroom

Outdoor Features

  • Balcony
  • Deck
  • Patio
  • Porch

Schools

  • Grove Avenue Elementary School
  • Barrington Middle School Prairie
  • Barrington High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • 200+ Amp Service

Community Details

  • Glencrest Subdivision

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$23,621

Year Built

Built in 2006

Lot Details

0.96 Acres

Parking

4

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: Glencrest
  • Year Built: 2006
  • Age: 11-15 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Full, Walkout
  • Full Bathrooms: 5
  • Half Bathrooms: 3
  • Total Bathrooms: 8
  • Total Bedrooms: 5
  • Fireplaces: 5
  • LivingArea: 6460
  • Room Type: Office, Bedroom 5, Theatre Room, Kitchen, Foyer, Pantry, Breakfast Room, Sitting Room, Recreation Room, Family Room
  • Estimated Total Finished Sq Ft: 9697
  • Basement Description: Finished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Fireplace Location: Family Room,Living Room,Master Bedroom,Basement,Hearth Room
  • Square Footage Comments: **SF by Floor in Floor Plans included in Photos
  • Total Sq Ft: 9697
  • ResoLivingAreaSource: Assessor

Exterior Features

  • ExteriorFeatures: Balcony, Deck, Patio, Porch
  • Foundation Details: Concrete Perimeter
  • Roof: Shake
  • Waterfront: No
  • Exterior Building Type: Brick,Stone

Garage/Parking

  • Garage Spaces: 4
  • ParkingTotal: 4
  • Driveway: Asphalt
  • Garage Details: Garage Door Opener(s),Heated
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

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

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Grove Avenue Elementary School
  • High School: Barrington High School
  • Middle/Junior School: Barrington Middle School Prairie

Lot Info

  • Lot Size Acres: 0.963
  • Lot Dimensions: 227X150X 312X150
  • Lot Size: .50-.99 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 2

Tax Info

  • Tax Annual Amount: 23621.19
  • Tax Year: 2019
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 26, 2024
Sold by
Vakharia Mitul and Vakharia Jennifer
Bought by
Vakharia Land Trust and Vakharia
Current Estimated Value
$2,216,187

Purchase Details

Listed on
Jan 19, 2021
Closed on
Apr 30, 2021
Sold by
Fetzer Berndt K and Fetzer Doreen M
Bought by
Vakharia Mitul and Vakharia Jennifer
Seller's Agent
Dean Tubekis
Coldwell Banker Realty
Buyer's Agent
John Morrison
@properties Christie's International Real Estate
List Price
$1,850,000
Sold Price
$1,650,000
Premium/Discount to List
-$200,000
-10.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.19%
Original Mortgage
$1,200,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 28, 2007
Sold by
Leal Tony and Leal Norma
Bought by
Fetzer Berndt K and Fetzer Doreen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,746,500
Interest Rate
5.87%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 12, 2005
Sold by
Cosmopolitan Bank & Trust
Bought by
Leal Tony and Leal Norma
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Vakharia Land Trust -- None Listed On Document
Vakharia Mitul $1,650,000 Chicago Title
Fetzer Berndt K $2,495,000 Lawyers Title Insurance Corp
Leal Tony $1,860,000 Git
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vakharia Mitul $1,200,000
Previous Owner Fetzer Berndt K $1,746,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2021 04/30/21 Sold $1,650,000 -10.8% $255 / Sq Ft
02/01/2021 02/01/21 Pending -- -- --
01/19/2021 01/19/21 For Sale $1,850,000 -- $286 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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
2025 $35,448 $182,000 $16,529 $165,471
2024 $35,448 $163,000 $16,787 $146,213
2023 $34,837 $163,000 $16,787 $146,213
2022 $34,837 $163,000 $16,787 $146,213
2021 $24,941 $103,413 $12,590 $90,823
2020 $24,137 $103,413 $12,590 $90,823
2019 $23,621 $115,032 $12,590 $102,442
2018 $23,784 $112,511 $11,541 $100,970
2017 $24,530 $119,423 $11,541 $107,882
2016 $22,698 $119,423 $11,541 $107,882
2015 $23,565 $115,144 $10,492 $104,652
2014 $23,295 $115,144 $10,492 $104,652
2013 $22,315 $115,144 $10,492 $104,652
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10974537

Midwest Real Estate Data (MRED)

APN: 01-12-403-020-0000

Your Personal Tour Guide

Ask me questions while you tour the home.