NOT LISTED FOR SALE

1540 Pier Dr Davis, IL 61019

Lake Summerset Neighborhood

Estimated Value: $368,000 - $534,000

4 Beds
2 Baths
2,092 Sq Ft
$228/Sq Ft Est. Value

Last Sold September 22, 2022

Last sale price $477,000 $228 Per Sq Ft

Current estimated payment $3,404/month

11 Days on Market

Highlights

  • Docks
  • Gated Community
  • Waterfront
  • Durand Elementary School Rated A-
  • Lake View
  • Deck

About This Home

As of September 2022

Lakefront Ranch Home with finished walk-out Lower level. 4 bedroom -2 full baths. This home has been completely renovated and is Move In Ready! Situated on the main body of lake summerset with 141 ft of lake frontage! large upper deck & lower level concrete patio w/ firepit overlooking Lake Summerset. Fish & Swim from your own Dock! Lakefront Living at it's Best!

Last Agent to Sell the Property

Mark Savala

Morgan Realty, Inc. License #475126259 Listed on: 08/05/2022

Last Buyer's Agent

NON-NWIAR Member

NorthWest Illinois Alliance of REALTORS®

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,243

Lot Details

  • 0.41 Acre Lot
  • Waterfront

HOA Fees

  • $71 Monthly HOA Fees

Home Design

  • Ranch Style House
  • Shingle Roof
  • Vinyl Siding
  • Active Radon Mitigation

Interior Spaces

  • 2,092 Sq Ft Home
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Window Treatments
  • Great Room
  • Lake Views

Kitchen

  • Electric Range
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Parking

  • 2 Car Garage
  • Garage Door Opener
  • Driveway

Outdoor Features

  • Docks
  • Deck
  • Patio
  • Fire Pit

Schools

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

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Tankless 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

$6,243

Lot Details

0

HOA Fees

$71 per month

Listing Details

  • Interior Amenities: Ceiling Fans/Remotes, Ceiling-Vaults/Cathedral, CO Detectors, Radon Mitigation Active, Smoke Detectors, Window Treatments
  • Road Frontage: Hard Surface Road
  • Type: Gated Community, Water Front, Water View, Lake View
  • Electric: Circuit Breaker
  • Additional Room 5: Laundry, Dimensions: 10x9, On Level: Main
  • Appliances That Stay or Are Included: Disposal, Dishwasher, Dryer, Microwave, Refrigerator, Stove/Cooktop, Sump Pump, Washer, Water Softener
  • Class: HOUSE
  • Fee Includes: Pool Access, Water Access, Clubhouse
  • Front: 135
  • General Features: County Taxes, Deck, Full Exposure, Great Room, Laundry 1st Floor, L.L. Finished Space, Main Floor Master, Patio, Boat Dock, Fire-Pit/Fireplace
  • Hoa Fee Frequency: Yearly
  • Legal Description: corrected final plat 2 of lake summerset-saybrook sec 7 lot 1540
  • Lot Acreage: 0.41
  • Lvt Date: 08/05/2022
  • Number of Lower Level Full Bathrooms: 1
  • Number of Main Level Full Bathrooms: 1
  • Rear: 141.07
  • Side 1: 100
  • Side 2: 178
  • Stove Range Fuel: Electric
  • Style: Ranch
  • Type: House
  • Agent Only_ L A1 User Code: 5936
  • Egress: Yes
  • Elementary School: Durand Elementary
  • Estimated Total Finished Sq Ft: 2092
  • Garage Type Driveway: Attached, Garage Remote/Opener, 934
  • Hold Earnest Money Y N: Yes
  • Pertinent Facts: Lakefront Ranch Home with finished walk-out Lower level. 4 bedroom -2 full baths. This home has been completely renovated and is Move In Ready! Situated on the main body of lake summerset with 141 ft of lake frontage! large upper deck & lower level concrete patio w/ firepit overlooking Lake Summerset. Fish & Swim from your own Dock! Lakefront Living at it's Best!
  • Designated Managing Broker Y N: No
  • Estimated Above Grade Sq Ft: 2092
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 4
  • Basement Type: Full
  • Master Bedroom: Dimensions: 14x11.5, On Level: Main
  • Fireplace Type: Wood
  • Basement: Full Exposure, Finished
  • Bedroom 2: Dimensions: 11x11, On Level: Walk Out
  • Bedroom 3: Dimensions: 11x10.5, On Level: Walk Out
  • Bedroom 4: Dimensions: 10.5x10.5, On Level: Walk Out
  • Dining Room: Yes, On Level: Main, Dimensions: 11x10
  • Family Room: Yes, On Level: Walk Out, Dimensions: 19x12.5
  • Fireplace: Yes
  • Full Bathrooms: 2
  • Kitchen: Dimensions: 12x10, On Level: Main
  • Living Room: Yes, On Level: Main, Dimensions: 19x16
  • Number Of Fireplaces: 1
  • Total Bathrooms: 2
  • Basement: Yes

Exterior Features

  • Exterior: Vinyl
  • Roof: Shingle

Garage/Parking

  • Garage: 2

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas
  • Sewer: City/Community
  • Water: City/Community
  • Water Heater: Tankless

Condo/Co-op/Association

  • HOA Fees: 850

Tax Info

  • Year: 2021
  • Taxes: 6243

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 13, 2020
Closed on
May 7, 2020
Sold by
Michael E Cain Revocable Living Trust
Bought by
Igelman Matthew F and Igelman Maria L
Seller's Agent
Michael Cain
Best Realty
Buyer's Agent
Mark Savala
Morgan Realty, Inc.
List Price
$359,900
Sold Price
$328,500
Premium/Discount to List
-$31,400
-8.72%
Current Estimated Value
$477,701

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,201
Avg. Annual Appreciation
6.83%

Purchase Details

Listed on
Apr 15, 2015
Closed on
Mar 18, 2016
Sold by
Crane Edward J and Crane Diane T
Bought by
Cain Michael E Te
Seller's Agent
Patricia Tynan
Best Realty
Buyer's Agent
Chip Hart
Century 21 Affiliated
List Price
$205,000
Sold Price
$181,000
Premium/Discount to List
-$24,000
-11.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.49%
Original Mortgage
$144,800
Interest Rate
3.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 15, 2000
Bought by
Crane Edward J and Crane Diane T
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
Igelman Matthew F $328,500 Security First Title
Cain Michael E Te $181,000 Security First Title
Crane Edward J $160,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cain Michael E Te $144,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/22/2022 09/22/22 Sold $477,000 -0.6% $228 / Sq Ft
08/16/2022 08/16/22 Pending -- -- --
08/16/2022 08/16/22 For Sale $479,900 0.0% $229 / Sq Ft
08/16/2022 08/16/22 Price Changed $479,900 +0.6% $229 / Sq Ft
08/09/2022 08/09/22 Off Market $477,000 -- --
08/09/2022 08/09/22 Pending -- -- --
08/05/2022 08/05/22 For Sale $459,900 +40.0% $220 / Sq Ft
05/07/2020 05/07/20 Sold $328,500 -8.7% $301 / Sq Ft View Prior Sale
04/22/2020 04/22/20 Pending -- -- --
04/13/2020 04/13/20 For Sale $359,900 +98.8% $330 / Sq Ft
03/18/2016 03/18/16 Sold $181,000 -11.7% $166 / Sq Ft View Prior Sale
02/07/2016 02/07/16 Pending -- -- --
04/15/2015 04/15/15 For Sale $205,000 -- $188 / 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 $10,014 $133,640 $27,296 $106,344
2022 $6,016 $73,775 $20,871 $52,904
2021 $6,244 $67,933 $19,218 $48,715
2020 $6,224 $65,364 $18,491 $46,873
2019 $5,565 $63,707 $18,022 $45,685
2018 $5,939 $61,157 $17,301 $43,856
2017 $5,649 $59,958 $16,962 $42,996
2016 $4,952 $55,468 $16,962 $38,506
2015 $6,182 $55,468 $16,962 $38,506
2014 $5,425 $55,468 $16,962 $38,506
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Mark Savala

    Morgan Realty, Inc.

    Section Image

  • N

    Buyer's Agent in 2022

    NON-NWIAR Member

    NorthWest Illinois Alliance of REALTORS®

    NON-NWIAR Member
    Section Image

  • M

    Seller's Agent in 2020

    Michael Cain

    Best Realty

    Section Image
  • Patricia Tynan

    Seller's Agent in 2016

    Patricia Tynan

    Best Realty

    (815) 543-2297

    68 in this area

    133 Total Sales

    Patricia Tynan
    Section Image
  • Chip Hart

    Buyer's Agent in 2016

    Chip Hart

    Century 21 Affiliated

    (608) 365-1481

    81 Total Sales

    Chip Hart
    Section Image
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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202205214

NorthWest Illinois Alliance of REALTORS®

APN: 05-06-403-012

Illinois Winnebago County Davis 61019 Lake Summerset

1540 Pier Dr, Davis, IL

Not Listed for Sale

Detached

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