NOT LISTED FOR SALE

18022 Cherrywood Ln Homewood, IL 60430

Estimated Value: $381,000 - $494,000

5 Beds
5 Baths
3,638 Sq Ft
$118/Sq Ft Est. Value

Last Sold September 29, 2023

Last sale price $492,000 $135 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $3,197/month

27 Days on Market

Highlights

  • Fireplace in Kitchen
  • Property is near a park
  • Wood Flooring
  • Homewood-Flossmoor High School Rated A-
  • Recreation Room
  • Main Floor Bedroom

About This Home

As of September 2023

Sprawling, beautiful home in Dolphin Lake neighborhood of Homewood! This stately home, custom built and meticulously maintained by the owners, is available for sale for the first time. Situated on a quiet street but close to everything, 18022 Cherrywood is a fabulous home with lots of space. The lovely foyer welcomes you into the spacious formal living room, with attached library, which you can leave open or close off with the wonderful pocket doors. The formal dining room is perfect for gatherings. The large kitchen with beautiful cabinetry and counters, including a large breakfast bar opens into another dining space, with double sided gas fireplace. A sunroom with a charming wet bar is next, and opens to the large deck - a perfect set up for entertaining. The family room is enormous and full of light. The owners added a very large first floor primary suite, set up as both bedroom and sitting room, and lots of closet space. Closets also line the back hallway, and one is plumbed for a first floor laundry. Upstairs are four more bedrooms, including an additional primary suite as well as a hall bath. The completely dry basement has two great recreation spaces - one with a pool table that will remain, and the other with a little stage, as well as an office workspace area. There is also plenty of storage, as well as workbench space in the unfinished areas. Extra deep 2 car garage. Close to Dolphin Lake and its clubhouse, the Homewood-Flossmoor Racquet club and gym, the high school and shopping! This home is part of the Flossmoor school district.

Last Agent to Sell the Property

Vicki Stevenson

eXp Realty License #475168978 Listed on: 07/12/2023

eXp Realty

Last Buyer's Agent

Catherine Meyer

@properties Christie's International Real Estate License #475183669

@properties Christie's International Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,744

Year Built

  • Built in 1975

Lot Details

  • Lot Dimensions are 130x86
  • Additional Parcels

Parking

  • 2.5 Car Attached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Parking Space is Owned

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3,638 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Skylights
  • Double Sided Fireplace
  • Gas Log Fireplace
  • Entrance Foyer
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room
  • Breakfast Room
  • Formal Dining Room
  • Home Office
  • Recreation Room
  • Play Room
  • Heated Sun or Florida Room
  • Lower Floor Utility Room
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Fireplace in Kitchen

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • Main Floor Bedroom
  • In-Law or Guest Suite
  • Bathroom on Main Level

Laundry

  • Laundry Room
  • Dryer
  • Washer

Location

  • Property is near a park

Schools

  • Flossmoor Hills Elementary Schoo
  • Parker Junior High School
  • Homewood-Flossmoor High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Listing and Financial Details

  • Senior Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,744

Year Built

Built in 1975

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 1975
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • New Construction Y/N: No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
  • Basement: Full
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Total Bathrooms: 5
  • Total Bedrooms: 5
  • Fireplace Features: Double Sided, Gas Log
  • Fireplaces: 2
  • Interior Amenities: Skylight(s), Bar-Wet, Hardwood Floors, First Floor Bedroom, In-Law Arrangement, First Floor Full Bath
  • LivingArea: 3638
  • Room Type: Bedroom 5, Breakfast Room, Office, Recreation Room, Play Room, Heated Sun Room, Foyer, Utility Room-Lower Level
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Partially Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Fireplace Location: Family Room,Kitchen
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2.5
  • Number of Cars: 2.5
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Park
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Flossmoor Hills Elementary Schoo
  • High School: Homewood-Flossmoor High School
  • Middle/Junior School: Parker Junior High School

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 130X86
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 12743.8
  • Tax Year: 2021
  • Tax Exemptions: Senior

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2023
Closed on
Sep 25, 2023
Sold by
Chicago Title Land Trust Company
Bought by
Mccombs James L and Mccombs Monica
Seller's Agent
Vicki Stevenson
eXp Realty
Buyer's Agent
Catherine Meyer
@properties Christie's International Real Estate
List Price
$499,900
Sold Price
$492,000
Premium/Discount to List
-$7,900
-1.58%
Views
247
Current Estimated Value
$429,184

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$62,816
Avg. Annual Appreciation
-6.36%
Original Mortgage
$442,800
Outstanding Balance
$431,848
Interest Rate
5.88%
Mortgage Type
New Conventional
Estimated Equity
-$2,664
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
Mccombs James L $492,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mccombs James L $442,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/29/2023 09/29/23 Sold $492,000 -1.6% $135 / Sq Ft
07/12/2023 07/12/23 For Sale $499,900 -- $137 / 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 $11,355 $36,000 $4,961 $31,039
2023 $12,244 $36,000 $4,961 $31,039
2022 $12,244 $31,497 $4,253 $27,244
2021 $12,305 $31,495 $4,252 $27,243
2020 $11,997 $31,495 $4,252 $27,243
2019 $10,690 $28,207 $3,780 $24,427
2018 $10,404 $28,207 $3,780 $24,427
2017 $10,271 $28,207 $3,780 $24,427
2016 $9,793 $24,678 $3,307 $21,371
2015 $11,883 $24,678 $3,307 $21,371
2014 $9,556 $24,678 $3,307 $21,371
2013 $11,138 $30,348 $3,307 $27,041
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11788045

Midwest Real Estate Data (MRED)

APN: 28-36-417-018-0000