NOT LISTED FOR SALE

Estimated Value: $279,000 - $414,000

4 Beds
2 Baths
1,388 Sq Ft
$269/Sq Ft Est. Value

Last Sold March 15, 2024

Last sale price $345,000 $249 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $2,547/month

61 Days on Market

Highlights

  • Docks
  • Gated Community
  • Deck
  • Durand Elementary School Rated A-
  • Waterfront
  • Wooded Lot

About This Home

As of March 2024

Nestled on a 3/4 acre wooded waterfront property in Lake Summerset, this charming four-bedroom ranch home offers a tranquil retreat. Situated on the southern shore, it boasts a breathtaking 1 1/2 mile panoramic lake view, making it a haven for nature lovers and bird watchers. Ideal for fishing enthusiasts, the shoreline is a hidden gem, featuring stumps that are perfect for panfish. Within casting distance lies a drop-off ledge renowned for its impressive northern and bass catches. The serene lot, located in a quiet area, ensures privacy with ample space between you and your neighbors, especially appreciated when relaxing on the deck. Built in 1984 and meticulously maintained, the home is equipped with modern upgrades. A new roof was installed in 2020, and the kitchen received a makeover in 2022 with a new fridge, stove, and microwave. The 24 x 26 garage, constructed in 2003, is spacious enough to store a pontoon, and its new belt-driven garage door motor adds convenience. Further enhancing the home's appeal are new patio doors (2007), a furnace, and AC unit (2009), and fresh carpeting (2011). The lower level features a new belt-driven garage door lift motor, providing easy access to golf cart or sailboat storage space. Recently invested in improvements include a new pier and shoreline in 2023, a testament to the owner's commitment to maintaining this property. With move-in readiness, this home invites you to enjoy the tranquility and beauty of Lake Summerset living.

Last Agent to Sell the Property

Don Morgan

Morgan Realty, Inc. License #471013558 Listed on: 10/05/2023

Last Buyer's Agent

Scott Wilke

Best Realty License #471.020358

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,145

Year Built

  • Built in 1984

Lot Details

  • 0.76 Acre Lot
  • Waterfront
  • Wooded Lot

HOA Fees

  • $78 Monthly HOA Fees

Home Design

  • Ranch Style House
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • Window Treatments

Kitchen

  • Electric Range
  • Stove
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Laundry in Basement

Parking

  • 2.5 Car Garage
  • Garage Door Opener
  • Driveway

Outdoor Features

  • Docks
  • Deck

Schools

  • Durand Elementary School
  • Durand Jr High Middle School
  • Durand High School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Community Details

Overview

  • Association fees include pool access, water access, clubhouse

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,145

Year Built

Built in 1984

Lot Details

0

HOA Fees

$78 per month

Listing Details

  • Interior Amenities: Ceiling Fan(s), Window Treatments
  • Road Frontage: City/Town
  • Type: Gated Community, Water Front Lot, Wooded
  • Electric: Circuit Breaker
  • Additional Room 5: Sm Garage, Dimensions: 21.1x11.3, On Level: Walk Out
  • Appliances That Stay or Are Included: Dishwasher, Dryer, Refrigerator, Stove/Cooktop, Washer
  • Class: HOUSE
  • Estimated Below Grade Finished Sq Ft: 334
  • Fee Includes: Pool Access, Water Access, Clubhouse
  • Front: 60.77
  • General Features: Basement Entrance, County Taxes, Deck, L.L. Finished Space, Main Floor Primary, Boat Dock, Laundry Basement
  • Hoa Fee Frequency: Yearly
  • Legal Description: CORRECTED FINAL PLAT 2 OF LAKE SUMMERSET-BAINBRIDGE SEC 8 LOT 1912
  • Lot Acreage: 0.76
  • Lvt Date: 10/05/2023
  • Number of Lower Level Full Bathrooms: 1
  • Number of Main Level Full Bathrooms: 1
  • Rear: 121.94
  • Side 1: 318.8
  • Side 2: 339.58
  • Stove Range Fuel: Electric
  • Style: Ranch
  • Type: House
  • Agent Only_ L A1 User Code: 8498
  • Egress: Yes
  • Elementary School: Durand Elementary
  • Estimated Total Finished Sq Ft: 1388
  • Garage Type Driveway: Asphalt, Detached, Garage Remote/Opener
  • Hold Earnest Money Y N: Yes
  • Pertinent Facts: Nestled on a 3/4 acre wooded waterfront property in Lake Summerset, this charming four-bedroom ranch home offers a tranquil retreat. Situated on the southern shore, it boasts a breathtaking 1 1/2 mile panoramic lake view, making it a haven for nature lovers and bird watchers. Ideal for fishing enthusiasts, the shoreline is a hidden gem, featuring stumps that are perfect for panfish. Within casting distance lies a drop-off ledge renowned for its impressive northern and bass catches. The serene lot, located in a quiet area, ensures privacy with ample space between you and your neighbors, especially appreciated when relaxing on the deck. Built in 1984 and meticulously maintained, the home is equipped with modern upgrades. A new roof was installed in 2020, and the kitchen received a makeover in 2022 with a new fridge, stove, and microwave. The 24 x 26 garage, constructed in 2003, is spacious enough to store a pontoon, and its new belt-driven garage door motor adds convenience. Further enhancing the home's appeal are new patio doors (2007), a furnace, and AC unit (2009), and fresh carpeting (2011). The lower level features a new belt-driven garage door lift motor, providing easy access to golf cart or sailboat storage space. Recently invested in improvements include a new pier and shoreline in 2023, a testament to the owner's commitment to maintaining this property. With move-in readiness, this home invites you to enjoy the tranquility and beauty of Lake Summerset living.
  • Designated Managing Broker Y N: Yes
  • Estimated Above Grade Sq Ft: 1054
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 4
  • Basement Type: Full
  • Master Bedroom: Dimensions: 12.6x11.2, On Level: Main
  • Basement: Basement Entrance, Partial Exposure
  • Bedroom 2: Dimensions: 11.3x8, On Level: Main
  • Bedroom 3: Dimensions: 11.2x9.2, On Level: Main
  • Bedroom 4: Dimensions: 12.6x11.2, On Level: Walk Out
  • Full Bathrooms: 2
  • Recreation Room: Yes, On Level: Walk Out, Dimensions: 15.1x11.1
  • Total Bathrooms: 2
  • Basement: Yes

Exterior Features

  • Exterior: Vinyl
  • Roof: Shingle

Garage/Parking

  • Garage: 2.5

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Electric
  • Sewer: City/Community
  • Water: City/Community
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA Fees: 932

Building Info

  • Year Built: 1984

Tax Info

  • Year: 2022
  • Taxes: 5145

MLS Schools

  • HighSchool: Durand High
  • School District: Durand 322
  • Middle School: Durand Jr High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2023
Closed on
Mar 6, 2024
Sold by
Bruce W Harrison Living Trust and Diane L Harrison Living Trust
Bought by
Loofbourrow Dennis K and Loofbourrow Sarah T
Seller's Agent
Don Morgan
Morgan Realty, Inc.
Buyer's Agent
Scott Wilke
Best Realty
List Price
$379,000
Sold Price
$345,000
Premium/Discount to List
-$34,000
-8.97%
Views
438
Current Estimated Value
$370,819

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,819
Avg. Annual Appreciation
4.58%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Loofbourrow Dennis K $345,000 Security First Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/15/2024 03/15/24 Sold $345,000 -2.8% $249 / Sq Ft
12/05/2023 12/05/23 Pending -- -- --
10/31/2023 10/31/23 Price Changed $355,000 -6.3% $256 / Sq Ft
10/05/2023 10/05/23 For Sale $379,000 -- $273 / Sq Ft
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 $6,241 $81,905 $27,806 $54,099
2023 $5,686 $70,184 $23,827 $46,357
2022 $5,146 $61,998 $21,261 $40,737
2021 $5,329 $57,088 $19,577 $37,511
2020 $5,309 $54,930 $18,837 $36,093
2019 $5,238 $53,538 $18,360 $35,178
2018 $5,380 $51,395 $17,625 $33,770
2017 $5,346 $50,387 $17,279 $33,108
2016 $5,678 $50,387 $17,279 $33,108
2015 $5,683 $50,387 $17,279 $33,108
2014 $5,614 $50,387 $17,279 $33,108
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202305793

NorthWest Illinois Alliance of REALTORS®

APN: 05-07-202-001