NOT LISTED FOR SALE

1881 Somerset Ln Unit 8 Northbrook, IL 60062

Estimated Value: $526,000 - $571,000

2 Beds
2.5 Baths
1,800 Sq Ft
$302/Sq Ft Est. Value

Last Sold July 26, 2024

Last sale price $516,000 $287 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $3,741/month

20 Days on Market

Highlights

  • Atrium Room
  • Home Office
  • Forced Air Heating and Cooling System
  • Wescott Elementary School Rated A
  • 2 Car Detached Garage
  • Dogs and Cats Allowed

About This Home

As of July 2024

Rarely available in sought after "The Commons of Northbrook". This 2 Bed/2.5 Bath/2 Car sun filled Ranch home w/Atrium & expanded backyard will delight! Your own outdoor private oasis w/beautiful landscape and hardscape alike. A true gardener's heaven! Atrium w/newer sliders & transom windows, Office, Family room w/gas fireplace flanked by bookcases & open to Kitchen, Separate Living & Dining room. The FULL Basement is a rarity (1800 sq ft). Bamboo floors, custom millwork, crown moldings, accent lighting, nest system, new refrigerator & dishwasher, new roof. Great location close to train, town, Techny Prairie Park & Fields plus activity center & much more! Remaining special assessment for roof will be paid by seller. Monthly assessment $664. 2022 Real Estate taxes $2511(includes homeowners, senior & senior freeze exemptions).

Last Agent to Sell the Property

Bridget Fritz

@properties Christie's International Real Estate License #475122288 Listed on: 05/31/2024

@properties Christie's International Real Estate

Last Buyer's Agent

Nancy Karp

@properties Christie's International Real Estate License #475125584

@properties Christie's International Real Estate

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,762

Year Built

  • Built in 1970

Lot Details

  • 0.39

HOA Fees

  • $664 Monthly HOA Fees

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,800 Sq Ft Home
  • 1-Story Property
  • Home Office
  • Atrium Room
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions
  • Senior Freeze Tax Exemptions

Community Details

Overview

  • Association fees include water, insurance, exterior maintenance, lawn care, scavenger
  • Jordan Schaefer Association, Phone Number (847) 459-1222
  • Property managed by fosterpremier

Pet Policy

  • Dogs and Cats Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,762

Year Built

Built in 1970

Lot Details

0

HOA Fees

$664 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Townhouse-Ranch
  • Ownership: Fee Simple w/ HO Assn.
  • New Construction: No
  • Property Sub-Type: Townhouse-Ranch
  • Year Built: 1970
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 1
  • New Construction Y/N: No
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • SomePhotosVirtuallyStaged: No
  • MonthToMonthYN: No
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 1

Interior Features

  • Basement: Full
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 2
  • LivingArea: 1800
  • Room Type: Office, Atrium
  • Stories Total: 1
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Other
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Plans

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • 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: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 664
  • Association Fee Frequency: Monthly
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: fosterpremier
  • Management Contact Name: Jordan Schaefer
  • Management Phone: 847-459-1222
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Insurance, Exterior Maintenance, Lawn Care, Scavenger

Lot Info

  • Lot Dimensions: 1800
  • Special Assessments: Y

Rental Info

  • Board Number: 2
  • Pets Allowed (Y/N): Yes
  • Max Pet Weight: 0

Tax Info

  • Tax Annual Amount: 2762
  • Tax Year: 2022
  • Tax Exemptions: Homeowner,Senior,Senior Freeze

Multi Family

  • Units in Building: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2024
Closed on
Jul 23, 2024
Sold by
Bolster Family Living Trust and Bolster Katherine L
Bought by
Michael R Niksic Trust and Gail S Niksic Trust
Seller's Agent
Bridget Fritz
@properties Christie's International Real Estate
Buyer's Agent
Nancy Karp
@properties Christie's International Real Estate
List Price
$499,000
Sold Price
$516,000
Premium/Discount to List
$17,000
3.41%
Views
1
Current Estimated Value
$543,195

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,195
Avg. Annual Appreciation
3.91%
Original Mortgage
$296,000
Outstanding Balance
$292,465
Interest Rate
6.99%
Mortgage Type
New Conventional
Estimated Equity
$250,730

Purchase Details

Closed on
Apr 9, 2001
Sold by
Safiol George and Tshilds Ivan S
Bought by
Bolster Richard A and Bolster Katherine L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Michael R Niksic Trust $516,000 None Listed On Document
Bolster Richard A $280,000 Mercury Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Michael R Niksic Trust $296,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/26/2024 07/26/24 Sold $516,000 +3.4% $287 / Sq Ft
06/21/2024 06/21/24 Pending -- -- --
05/31/2024 05/31/24 For Sale $499,000 -- $277 / 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 $2,502 $36,500 $5,448 $31,052
2023 $2,511 $36,500 $5,448 $31,052
2022 $2,511 $36,500 $5,448 $31,052
2021 $2,762 $33,669 $4,400 $29,269
2020 $2,547 $33,669 $4,400 $29,269
2019 $2,466 $37,060 $4,400 $32,660
2018 $2,677 $24,265 $3,876 $20,389
2017 $2,576 $24,265 $3,876 $20,389
2016 $2,910 $24,265 $3,876 $20,389
2015 $7,543 $31,500 $3,247 $28,253
2014 $6,326 $31,500 $3,247 $28,253
2013 $6,221 $31,500 $3,247 $28,253
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12067830

Midwest Real Estate Data (MRED)

APN: 04-16-202-069-1002