NOT LISTED FOR SALE

188 Lake Summerset Lake Summerset, IL 61019

Estimated Value: $45,000 - $115,000

0.41 Acre
$175,610 Price per Acre
17,860 Sq Ft Lot

Last Sold October 30, 2023

Last sale price $3,600

Est. 1,900% increase in value since last sale

Current estimated payment $465/month

8 Days on Market

About This Lot

As of October 2023

BEAUTIFUL ROLLING COUNTRYSIDE VIEWS on this Lake Summerset lot! This buildable lot backs up to the countryside for added privacy and the views are amazing. Build your dream home or purchase this lot to use all of the amenities that the lake has to offer. All utilities are at the road! Lake Summerset features a 285 acre, spring fed, fully-stocked lake with two beaches, two marinas, numerous parks and so much more. This is a gated community with many activities! 30 minutes to Rockford and only 90 minutes to O'Hare Airport! Come see what the lake has to offer!

Last Agent to Sell the Property

Scott Wilke

Best Realty License #471.020358 Listed on: 09/21/2023

Last Buyer's Agent

Greg Raymond

Realty Select, LLC License #471020712

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $63

Lot Details

  • 0.41 Acre Lot
  • Level Lot

HOA Fees

  • $78 Monthly HOA Fees

Schools

  • Dakota 201 Elementary And Middle School
  • Dakota 201 High School

Community Details

  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$63

Lot Details

0

HOA Fees

$78 per month

Listing Details

  • Class: LAND
  • Front: 75
  • General Features: County Taxes
  • Grid: 11
  • Hoa Fee Frequency: Yearly
  • Legal Description: LOT 188 SECT 1 SPRINGHILL SUB LAKE SUMMERSET
  • Lot Acreage: 0.41
  • Lvt Date: 09/22/2023
  • Rear: 75
  • Type: Land
  • Buildable Lot: Yes
  • Side L: 240
  • Side R: 240
  • Agent Only_ L A1 User Code: 110179
  • Elementary School: Dakota 201
  • Hold Earnest Money Y N: Yes
  • Pertinent Facts: BEAUTIFUL ROLLING COUNTRYSIDE VIEWS on this Lake Summerset lot! This buildable lot backs up to the countryside for added privacy and the views are amazing. Build your dream home or purchase this lot to use all of the amenities that the lake has to offer. All utilities are at the road! Lake Summerset features a 285 acre, spring fed, fully-stocked lake with two beaches, two marinas, numerous parks and so much more. This is a gated community with many activities! 30 minutes to Rockford and only 90 minutes to O'Hare Airport! Come see what the lake has to offer!
  • Designated Managing Broker Y N: Yes
  • L O1 Brokerage Number: 481010044
  • S O1 Brokerage Number: 471020712
  • Special Features: None
  • Property Sub Type: LotsLands

Utilities

  • Sewer: City/Community
  • Water: City/Community

Condo/Co-op/Association

  • HOA Fees: 932

Schools

  • School District: Dakota 201
  • Elementary School: Dakota 201
  • Middle School: Dakota 201
  • High School: Dakota 201

Lot Info

  • Topography: Level
  • Land Features: Gated Community

Tax Info

  • Year: 2022
  • Taxes: 58

MLS Schools

  • HighSchool: Dakota 201
  • School District: Dakota 201
  • Middle School: Dakota 201

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2023
Closed on
Nov 2, 2023
Sold by
Blum Jolaine H
Bought by
Sims Dennis S and Sims Shonette M
Seller's Agent
Scott Wilke
Best Realty
Buyer's Agent
Greg Raymond
Realty Select, LLC
List Price
$3,600
Sold Price
$3,600
Views
7
Current Estimated Value
$72,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,400
Avg. Annual Appreciation
345.25%

Purchase Details

Closed on
Aug 18, 2006
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
Sims Dennis S $3,600 --
-- $33,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2023 10/30/23 Sold $3,600 0.0% --
09/29/2023 09/29/23 Pending -- -- --
09/21/2023 09/21/23 For Sale $3,600 -7.7% --
12/23/2020 12/23/20 Sold $3,900 -22.0% --
11/17/2020 11/17/20 Pending -- -- --
06/24/2020 06/24/20 Price Changed $5,000 -50.0% --
05/06/2020 05/06/20 For Sale $10,000 -- --
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 $63 $786 $786 $0
2023 $55 $662 $662 $0
2022 $58 $605 $605 $0
2021 $54 $581 $581 $0
2020 $53 $581 $581 $0
2019 $54 $600 $600 $0
2018 $55 $600 $600 $0
2017 $84 $924 $924 $0
2016 $84 $924 $924 $0
2015 $85 $917 $917 $0
2013 $85 $975 $975 $0
Source: Public Records

Agents Affiliated with this Home

  • Scott Wilke

    Seller's Agent in 2023

    Scott Wilke

    Best Realty

    (815) 793-5831

    179 Total Sales

    Scott Wilke
    Section Image
  • Greg Raymond

    Buyer's Agent in 2023

    Greg Raymond

    Realty Select, LLC

    (815) 821-3985

    81 Total Sales

    Greg Raymond
    Section Image
  • Patricia Tynan

    Seller's Agent in 2020

    Patricia Tynan

    Best Realty

    (815) 543-2297

    133 Total Sales

    Patricia Tynan
    Section Image
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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202305553

NorthWest Illinois Alliance of REALTORS®

APN: 15-10-01-376-008

Illinois Stephenson County 61019

188 Lake Summerset, IL

This home is located at 188 Lake Summerset, Lake Summerset, IL 61019 since 21 September 2023 and is currently estimated at $72,000. 188 Lake Summerset is a home located in Stephenson County with nearby schools including Dakota Elementary School and Dakota Junior/Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

NorthWest Illinois Alliance of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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