NOT LISTED FOR SALE

18583 W Karen Ln Unit 4 Gurnee, IL 60031

Estimated Value: $268,000 - $301,000

3 Beds
1.5 Baths
925 Sq Ft
$302/Sq Ft Est. Value

Last Sold March 17, 2023

Last sale price $240,000 $259 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $1,904/month

21 Days on Market

Highlights

  • Property is near a park
  • Ranch Style House
  • Fenced Yard
  • Woodland Elementary School Rated A-
  • Stainless Steel Appliances
  • 2 Car Detached Garage

About This Home

As of March 2023

Welcome Home! This fantastic starter home, downsize dream or investment property is now ready for it's new owner! Almost everything has been updated on this super cute 3 bedroom, 1.5 bath ranch style home. With an updated kitchen that includes newer cabinets, a custom backsplash and brand new all stainless steel appliances, all new carpeting throughout, fresh paint from top to bottom, updated lighting, updated full and 1/2 baths, new furnace and AC with Smart Thermostat (2021), new windows (2015), water heater (2015), roof (2012) and added attic insulation (2015), there's nothing left to do but move in! Located in the desireable Grandwood Park subdivision (no HOA!), the home comes with a 2 car garage and large fenced backyard with patio. Close to shopping, award-winning schools, restaurants, the expressway and all that Gurnee has to offer!

Last Agent to Sell the Property

Stacy Johnson

Baird & Warner License #475117838 Listed on: 01/18/2023

Baird & Warner

Last Buyer's Agent

Renee O'Brien

Keller Williams North Shore West License #475130092

Keller Williams North Shore West

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,381

Year Built

  • Built in 1963

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 65x155x65x155
  • Fenced Yard
  • Paved or Partially Paved Lot

Parking

  • 2 Car Detached Garage
  • Garage Transmitter
  • Parking Space is Owned

Home Design

  • Ranch Style House
  • Aluminum Siding

Interior Spaces

  • 925 Sq Ft Home
  • Living Room

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • Bathroom on Main Level

Laundry

  • Laundry Room
  • Laundry on main level

Schools

  • Woodland Elementary School
  • Woodland Middle School
  • Warren Township High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Additional Features

  • Patio
  • Property is near a park

Community Details

  • Grandwood Park Subdivision

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,381

Year Built

Built in 1963

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Subdivision Name: Grandwood Park
  • Year Built: 1963
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Stainless Steel Appliance(s)
  • Basement: None
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Interior Amenities: First Floor Bedroom, First Floor Laundry, First Floor Full Bath
  • LivingArea: 925
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 0
  • Assessed Sq Ft: 925
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Assessor

Exterior Features

  • ExteriorFeatures: Patio
  • List Price: 234900
  • Lot Features: Fenced Yard
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage Details: Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Park, Sidewalks, Street Lights, Street Paved
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Woodland Elementary School
  • High School: Warren Township High School
  • Middle/Junior School: Woodland Middle School
  • Middle/Junior School District: 50

Lot Info

  • Lot Size Acres: 0.22
  • Lot Dimensions: 65X155X65X155
  • Rural (Y/N): N
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 4381.18
  • Tax Year: 2021
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2023
Closed on
Mar 16, 2023
Sold by
Orin Randolph Main Living Trust
Bought by
Velez Francisco
Seller's Agent
Stacy Johnson
Baird & Warner
Buyer's Agent
Renee O'Brien
Keller Williams North Shore West
List Price
$239,900
Sold Price
$240,000
Premium/Discount to List
$100
0.04%
Views
165
Current Estimated Value
$279,398

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,398
Avg. Annual Appreciation
6.09%
Original Mortgage
$235,653
Outstanding Balance
$228,255
Interest Rate
6.13%
Mortgage Type
FHA
Estimated Equity
$51,143

Purchase Details

Closed on
May 24, 2018
Sold by
Main Orin R
Bought by
Main Orin Randolph and Orin Randolph Main Living Trus

Purchase Details

Closed on
Oct 3, 1997
Sold by
Arnold Philip D and Arnold Kathryn A
Bought by
Main Orin R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
7.65%
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
Velez Francisco $240,000 First American Title
Main Orin Randolph -- Attorney
Main Orin R $76,666 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Velez Francisco $235,653
Previous Owner Main Orin R $70,000
Closed Velez Francisco $6,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/17/2023 03/17/23 Sold $240,000 +2.2% $259 / Sq Ft
02/09/2023 02/09/23 Pending -- -- --
02/01/2023 02/01/23 Price Changed $234,900 -2.1% $254 / Sq Ft
01/18/2023 01/18/23 For Sale $239,900 -- $259 / 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 $5,058 $63,725 $11,445 $52,280
2023 $5,058 $57,440 $10,316 $47,124
2022 $5,039 $52,808 $10,731 $42,077
2021 $4,381 $48,739 $9,904 $38,835
2020 $4,214 $47,541 $9,661 $37,880
2019 $4,128 $46,161 $9,381 $36,780
2018 $3,431 $40,205 $12,848 $27,357
2017 $3,429 $39,053 $12,480 $26,573
2016 $3,393 $37,314 $11,924 $25,390
2015 $3,266 $35,389 $11,309 $24,080
2014 $2,825 $32,238 $11,840 $20,398
2012 $3,041 $32,485 $11,931 $20,554
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11699413

Midwest Real Estate Data (MRED)

APN: 07-07-104-009