NOT LISTED FOR SALE

16616 W Cherrywood Ln Wadsworth, IL 60083

Estimated Value: $582,000 - $664,000

4 Beds
5 Baths
3,949 Sq Ft
$158/Sq Ft Est. Value

Last Sold July 22, 2019

Last sale price $350,000 $89 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $4,410/month

297 Days on Market

Highlights

  • Deck
  • Recreation Room
  • Home Office
  • Millburn Elementary School Rated A-
  • Wood Flooring
  • Breakfast Room

About This Home

As of July 2019

ATTENTION REHAB ENTHUSIASTS, CONTRACTORS, INVESTORS, AND HOME LOVERS!! GREAT OPPORTUNITY - TERRIFIC VALUE Custom built home on just under an acre being sold as is. Contractors/rehabbers take a look at this. All this needs is updating. Great floor plan. Cathedral ceilings, lots of natural light, great built-in cabinets/bookcases. Kitchen open to family room and wrap around deck. Large master bedroom, master bath with oversized shower and soaking tub. Office/den/or library on 1st floor with rich,warm details. Basement finished including beautiful stone fireplace, full bath and plenty of additional storage. 3 car garage. Great schools Millburn and Warren HS.Conveniently located close to highway and short drive to nearby shopping.

Last Agent to Sell the Property

Suzie Hempstead

Berkshire Hathaway HomeServices Chicago License #475123277 Listed on: 08/23/2018

Berkshire Hathaway HomeServices Chicago

Last Buyer's Agent

James Smith

RE/MAX Plaza License #475096614

RE/MAX Plaza

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,862

Year Built

  • 1993

Lot Details

  • 0.99

HOA Fees

  • $33 per month

Parking

  • Attached Garage
  • Garage Is Owned

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Wood Burning Fireplace
  • Electric Fireplace
  • Entrance Foyer
  • Breakfast Room
  • Home Office
  • Recreation Room
  • Play Room
  • Storage Room
  • Laundry on main level
  • Wood Flooring

Bedrooms and Bathrooms

  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom

Outdoor Features

  • Deck

Utilities

  • Central Air
  • Heating System Uses Gas
  • Well
  • Private or Community Septic Tank

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,862

Year Built

1993

Lot Details

0

HOA Fees

$33 per month

Parking

3

Listing Details

  • Property Type: Detached Single
  • Age: 26-30 Years
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Number Interior Fireplaces: 2
  • Ownership: Fee Simple w/ HO Assn.
  • Total Full or Half Bathrooms: 4.1
  • Type Detached: 2 Stories
  • Estimated Year Built: 1993
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1993

Interior Features

  • Interior Property Features: Hardwood Floors, 1st Floor Laundry
  • Number Of Rooms: 12
  • Living Room: Dimensions: 18X13, On Level: Main Level, Flooring: Hardwood
  • Fireplace Details: Wood Burning, Electric
  • Fireplace Location: Family Room, Basement
  • Basement: Full
  • Basement: Partially Finished
  • Basement Bathrooms: Yes
  • Bedrooms All Levels: 4
  • Primary Bedroom Bath: Full
  • Above Grade Bedrooms: 4
  • Laundry: Dimensions: 8X10, On Level: Main Level
  • Dining Room: Dimensions: 21X13, On Level: Main Level, Flooring: Hardwood
  • Kitchen Type: Dimensions: 17X15, On Level: Main Level, Flooring: Hardwood
  • Additional Rooms: Breakfast Room, Office, Recreation Room, Foyer, Deck, Walk In Closet, Play Room, Storage
  • Master Bedroom: Dimensions: 25X13, On Level: 2nd Level, Flooring: Carpet
  • Additional Room 1 Name: Breakfast Rm, Dimensions: 15X12, On Level: Main Level
  • Additional Room 2 Name: Office, Dimensions: 12X14, On Level: Main Level
  • Bedroom 2: Dimensions: 16X15, On Level: 2nd Level, Flooring: Carpet
  • Additional Room 3 Name: Recreation Rm, Dimensions: 38X22, On Level: Basement
  • Bedroom 3: Dimensions: 14X12, On Level: 2nd Level, Flooring: Carpet
  • Additional Room 4 Name: Foyer, Dimensions: 20X18, On Level: Main Level
  • Bedroom 4: Dimensions: 14X16, On Level: 2nd Level, Flooring: Carpet
  • Additional Room 5 Name: Deck, Dimensions: 46X27, On Level: Main Level
  • Additional Room 6 Name: Walk in Closet, Dimensions: 11X9, On Level: 2nd Level
  • Additional Room 7 Name: Playroom, Dimensions: 31X13, On Level: Basement
  • Additional Room 8 Name: Storage, Dimensions: 39X13, On Level: Basement
  • Estimated Sq Ft: 3949
  • Dining Room Type: Combined w/ LivRm
  • Family Room: Dimensions: 18X25, On Level: Main Level, Flooring: Hardwood

Exterior Features

  • Lot Size: .50-.99 Acre
  • Exterior Building Type: Brick
  • Exterior Property Features: Deck
  • Acreage: 0.99

Garage/Parking

  • Number of Cars: 3
  • Parking: Garage
  • Garage Type: Attached
  • Garage On Site: Yes
  • Number Garage Spaces: 3
  • Garage Ownership: Owned

Utilities

  • Air Conditioner: Central Air
  • Water: Well-Private
  • Sewer: Septic-Private
  • Heating Fuel: Gas

Condo/Co-op/Association

  • Fee Frequency: Annual
  • Assessment Includes: Scavenger, Snow Removal
  • Assessed Sq Ft: 3949
  • Assessment Association Fees: 400
  • Management Contact Name: Bill Franko
  • Management Phone: 847-606-0548

Fee Information

  • Management Company: Mill Creek Woodlands Assoc

Schools

  • School District: 121
  • Junior High Dist: 24

Lot Info

  • Lot Dimensions: 210X110X127X200X89
  • Parcel Identification Number: 03211010170000

Tax Info

  • Taxes: 15210.98

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 23, 2018
Closed on
Jul 22, 2019
Sold by
Jorgensen Ruth K
Bought by
Finch Baker Michelle L and Baker George B
Seller's Agent
Suzie Hempstead
Berkshire Hathaway HomeServices Chicago
Buyer's Agent
James Smith
RE/MAX Plaza
List Price
$449,999
Sold Price
$350,000
Premium/Discount to List
-$99,999
-22.22%
Current Estimated Value
$623,012

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$273,012
Avg. Annual Appreciation
10.08%
Original Mortgage
$332,500
Interest Rate
4.62%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 23, 2018
Closed on
Jul 15, 2019
Sold by
Ozga Joseph D and Jorgensen Ruth
Bought by
Jorgensen Ruth K
Seller's Agent
Suzie Hempstead
Berkshire Hathaway HomeServices Chicago
Buyer's Agent
James Smith
RE/MAX Plaza
List Price
$449,999
Sold Price
$350,000
Premium/Discount to List
-$99,999
-22.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,500
Interest Rate
4.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 12, 1996
Sold by
Lavelle John J
Bought by
Ozga Joseph D and Ozga Ruth K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
7.19%
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
Finch Baker Michelle L $350,000 Chicago Title Insurance Co
Jorgensen Ruth K -- Chicago Title
Ozga Joseph D $475,000 Lawyers Title Insurance Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Finch Baker Michelle L $326,200
Closed Finch Baker Michelle L $332,500
Previous Owner Jorgensen Ruth Kathryn $216,000
Previous Owner Jorgensen Ruth Kathryn $218,500
Previous Owner Paul Thomas J $109,400
Previous Owner Jorgensen Ruth Kathryn $219,200
Previous Owner Ozga Joseph D $240,000
Previous Owner Ozga Joseph D $275,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2019 07/22/19 Sold $350,000 -12.3% $89 / Sq Ft
06/16/2019 06/16/19 Pending -- -- --
10/02/2018 10/02/18 Price Changed $399,000 -11.3% $101 / Sq Ft
08/23/2018 08/23/18 For Sale $449,999 -- $114 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $11,862 $139,451 $30,337 $109,114
2023 $14,369 $127,898 $27,920 $99,978
2022 $14,369 $126,155 $27,201 $98,954
2021 $13,940 $124,364 $26,815 $97,549
2020 $13,458 $121,473 $26,192 $95,281
2019 $12,766 $116,655 $25,153 $91,502
2018 $15,350 $145,420 $25,143 $120,277
2017 $15,211 $142,723 $24,677 $118,046
2016 $14,588 $137,950 $23,852 $114,098
2015 $14,002 $130,276 $22,525 $107,751
2014 $13,044 $126,703 $21,907 $104,796
2012 $12,660 $128,815 $22,272 $106,543
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10061176

Midwest Real Estate Data (MRED)

APN: 03-21-101-017