NOT LISTED FOR SALE

Estimated Value: $514,676 - $726,000

3 Beds
3 Baths
2,162 Sq Ft
$277/Sq Ft Est. Value

Last Sold July 11, 2019

Last sale price $335,000 $155 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $4,248/month

6 Days on Market

Highlights

  • Gated Community
  • Waterfront
  • 3 Fireplaces
  • Durand Elementary School Rated A-
  • Wooded Lot
  • Skylights

About This Home

As of July 2019

This Lake Summerset waterfront property is a rare custom built New England style post & beam white oak structure with redwood siding & designed by a noted Boston architect. Enjoy the soaring vaulted space in the formal living room, loft and master bedroom. The open floor plan lake view stainless kitchen, huge dining area and wood burning ceramic firebox combine for a spacious comfortable gathering area. The foyer doubles as a greenhouse.The hand hewn stone, floor to ceiling, wood burning fireplace in the living room is dramatic and functional. The lower level has a seating area, lake side access, terrific storage and a lake view guest bedroom with its own bath. The yard is landscaped and the improved 60’ shoreline has a brand new pier, seating area with fire pit and exceptional fishing on a quiet bay. Neighboring homes are at a respectable distance for a very private setting for you and yours. Newer improvements > roof, furnace, water heater, 3 bathrooms, flooring and lake shore.

Last Listed By

Don Morgan

Morgan Realty Inc. License #471013558 Listed on: 05/19/2019

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,030

Year Built

  • Built in 1983

Lot Details

  • 0.53 Acre Lot
  • Waterfront
  • Wooded Lot

HOA Fees

  • $62 Monthly HOA Fees

Home Design

  • Brick or Stone Mason
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Central Vacuum
  • Skylights
  • 3 Fireplaces
  • Wood Burning Fireplace

Kitchen

  • Electric Range
  • Stove
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Basement

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

Parking

  • 2.5 Car Garage
  • Driveway

Outdoor Features

  • Patio

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Electric Water Heater
  • Water Softener

Community Details

Overview

  • Association fees include pool access, water access, clubhouse

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,030

Year Built

Built in 1983

Lot Details

0

HOA Fees

$62 per month

Listing Details

  • Type: Gated Community, Water Front, Wooded
  • Appliances That Stay or Are Included: Disposal, Dishwasher, Dryer, Refrigerator, Stove/Cooktop, Washer, Water Softener
  • Class: HOUSE
  • Estimated Above Grade Sq Ft: 2162
  • Estimated Below Grade Finished Sq Ft: 714
  • Fee Includes: Pool Access, Water Access, Clubhouse
  • Front: 150
  • General Features: Basement Entrance, Central Vac., County Taxes, Full Exposure, L.L. Finished Space, Patio, Skylight(s)
  • Grid: 11
  • Hoa Fee Frequency: Yearly
  • Legal Description: CORRECTED FINAL PLAT 2 OF LAKE SUMMERSET-BAINBRIDGE SEC 8 LOT 1926
  • Lot Acreage: 0.53
  • Lvt Date: 05/19/2019
  • Number of Lower Level Full Bathrooms: 1
  • Number of Main Level Full Bathrooms: 1
  • Number of Upper Level Full Bathrooms: 1
  • Rear: 59.2
  • Side 1: 258
  • Side 2: 339
  • Stove Range Fuel: Electric
  • Style: 2 Story
  • Type: House
  • Agent Only_ L A1 User Code: 8498
  • Elementary School: Durand Elementary
  • Garage Type Driveway: Attached
  • Pertinent Facts: This Lake Summerset waterfront property is a rare custom built New England style post & beam white oak structure with redwood siding & designed by a noted Boston architect. Enjoy the soaring vaulted space in the formal living room, loft and master bedroom. The open floor plan lake view stainless kitchen, huge dining area and wood burning ceramic firebox combine for a spacious comfortable gathering area. The foyer doubles as a greenhouse.The hand hewn stone, floor to ceiling, wood burning fireplace in the living room is dramatic and functional. The lower level has a seating area, lake side access, terrific storage and a lake view guest bedroom with its own bath. The yard is landscaped and the improved 60’ shoreline has a brand new pier, seating area with fire pit and exceptional fishing on a quiet bay. Neighboring homes are at a respectable distance for a very private setting for you and yours. Newer improvements > roof, furnace, water heater, 3 bathrooms, flooring and lake shore.
  • L O1 Brokerage Number: 478025436
  • L O2 Brokerage Number: 478025436
  • S O1 Brokerage Number: 478025436
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Bedrooms: 3
  • Basement Type: Full
  • Master Bedroom: Dimensions: 28x14, On Level: Upper
  • Fireplace Type: Wood
  • Bedroom 2: Dimensions: 16x14, On Level: Main
  • Bedroom 3: Dimensions: 14x12, On Level: Walk Out
  • Dining Room: Yes, On Level: Main, Dimensions: 22x12
  • Family Room: Yes, On Level: Walk Out, Dimensions: 20x14
  • Fireplace: Yes
  • Full Bathrooms: 3
  • Kitchen: Dimensions: 22x14, On Level: Main
  • Living Room: Yes, On Level: Main, Dimensions: 20x18
  • Number Of Fireplaces: 3
  • Recreation Room: Yes, On Level: Walk Out, Dimensions: 19x14
  • Total Bathrooms: 3
  • Basement: Yes

Exterior Features

  • Exterior: Brick/Stone, Wood
  • Roof: Shingle

Garage/Parking

  • Garage: 2.5

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 740

Schools

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

Building Info

  • Year Built: 1983

Tax Info

  • Year: 2017
  • Taxes: 10030

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 2, 2019
Sold by
Nicely Dale E and Nicely Jean C
Bought by
Nicely & Anderson Living Trust
Total Days on Market
6
Current Estimated Value
$598,225

Purchase Details

Listed on
May 19, 2019
Closed on
Jun 18, 2019
Sold by
Boby Jr William G and Boby Rosemarie M
Bought by
Nicely Dale E and Anderson Jean C
Seller's Agent
Don Morgan
Morgan Realty Inc.
Buyer's Agent
Mark Savala
Morgan Realty Inc.
List Price
$349,900
Sold Price
$335,000
Premium/Discount to List
-$14,900
-4.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.07%
Original Mortgage
$268,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 31, 2015
Closed on
Aug 18, 2016
Sold by
Sonderman Aileen A
Bought by
William Boby G and Boby Rosemarie
Seller's Agent
Don Morgan
Morgan Realty Inc.
Buyer's Agent
David Scott
Re/Max Valley Realtors
List Price
$315,000
Sold Price
$298,900
Premium/Discount to List
-$16,100
-5.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.04%

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
Nicely & Anderson Living Trust -- Huber Paul J
Nicely Dale E $335,000 Security First Title
William Boby G $298,900 Security First Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nicely Dale E $268,000
Previous Owner Boby William G --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2019 07/11/19 Sold $335,000 -4.3% $155 / Sq Ft
05/25/2019 05/25/19 Pending -- -- --
05/19/2019 05/19/19 For Sale $349,900 +17.1% $162 / Sq Ft
08/23/2016 08/23/16 Sold $298,900 -5.1% $138 / Sq Ft
07/25/2016 07/25/16 Pending -- -- --
07/31/2015 07/31/15 For Sale $315,000 -- $146 / 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
2023 $10,439 $149,972 $28,314 $121,658
2022 $9,332 $132,481 $25,265 $107,216
2021 $9,606 $115,517 $23,264 $92,253
2020 $9,536 $111,149 $22,384 $88,765
2019 $9,817 $101,790 $21,817 $79,973
2018 $9,286 $97,716 $20,944 $76,772
2017 $10,030 $95,800 $20,533 $75,267
2016 $8,473 $87,091 $20,533 $66,558
2015 $8,481 $87,091 $20,533 $66,558
2014 $8,447 $87,091 $20,533 $66,558
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 201902699

NorthWest Illinois Alliance of REALTORS®

APN: 05-06-376-012