$450,000
SOLD NOV 5, 2024

1940 Somerset Ln Unit 57 Northbrook, IL 60062

2 Beds
2.5 Baths
1,977 Sq Ft
$664/mo HOA Fee

Recently Sold

$228 Per Sq Ft

5% Below List Price

9 Days on Market

Highlights

  • L-Shaped Dining Room
  • 2 Car Attached Garage
  • Resident Manager or Management On Site
  • Wescott Elementary School Rated A
  • Living Room
  • Laundry Room

About This Home

As of November 2024

The ever popular Commons neighborhood of Northbrook ~ offering a 2 Bed/2.1 Bath/2 Car ranch townhome in a quiet cul de sac location. Brick paver courtyard and backyard with southern exposure complimented by pretty perennials and landscaping. Note the gracious foyer, sun filled Living room w/brick exposed wall leading into Dining room. Enjoy the warm white Kitchen w/wood cabinets & roomy eating area. Retreat to the nice sized Family room w/brick exposed wall, gas fireplace flanked by built-in bookcases & views of the outdoors. The very private backyard patio & garden oasis will delight. Basement w/2nd Laundry & lots of storage! Engineered wood floors throughout living space. Carpet in bedrooms. 1st floor laundry, new roof (2023), newer windows/sliders & epoxy garage floor. Close to town, train, shopping, dining, parks & more! Lives like a home w/maintenance free care! 2023-microwave, 2015-hot water heater, dishwasher, stove/oven, stackable washer/dryer. 2008-2nd washer/dryer, 2005-furnace.

Last Agent to Sell the Property

Bridget Fritz

@properties Christie's International Real Estate License #475122288 Listed on: 10/16/2024

@properties Christie's International Real Estate

Last Buyer's Agent

Non Member

NON MEMBER

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,117

Year Built

  • Built in 1970

HOA Fees

  • $664 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Driveway
  • Parking Included in Price

Home Design

  • Ranch Property
  • Shake Roof
  • Concrete Perimeter Foundation
  • Cedar

Interior Spaces

  • 1,977 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Fireplace With Gas Starter
  • Entrance Foyer
  • Family Room with Fireplace
  • Living Room
  • L-Shaped Dining Room

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms

Laundry

  • Laundry Room
  • Laundry in multiple locations
  • Dryer
  • Washer

Partially Finished Basement

  • Partial Basement
  • Sump Pump

Schools

  • Wescott Elementary School
  • Maple Middle School
  • Glenbrook North High School

Utilities

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

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, snow removal
  • Jordan Schaefer Association, Phone Number (847) 459-1222
  • The Commons Subdivision, Ranch Floorplan
  • Property managed by Foster Premier

Pet Policy

  • Dogs and Cats Allowed

Additional Features

  • Common Area
  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,117

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: Ground Level Ranch
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Ground Level Ranch
  • Subdivision Name: The Commons
  • Year Built: 1970
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 1
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal
  • Basement: Partial
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 2
  • Fireplace Features: Wood Burning, Gas Starter
  • Fireplaces: 1
  • Other Equipment: TV-Cable, Sump Pump
  • Room Type: Foyer
  • Stories Total: 1
  • Estimated Total Finished Sq Ft: 1977
  • Basement Description: Partially Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: L-shaped
  • Total Sq Ft: 1977
  • Fireplace Location: Family Room
  • Total Sq Ft: 2749
  • Main Level Sq Ft: 1977
  • Unfinished Lower Sq Ft: 772
  • Flooring: Carpet

Exterior Features

  • Foundation Details: Concrete Perimeter
  • List Price: 475000
  • Lot Features: Common Grounds
  • Roof: Shake, Other
  • Waterfront: No
  • Exterior Building Type: Cedar

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Driveway: Asphalt
  • Garage On-Site: Yes
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Laundry Features: Multiple Locations
  • Water Source: Lake Michigan

Condo/Co-op/Association

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

Fee Information

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

Schools

  • Elementary School: Wescott Elementary School
  • High School: Glenbrook North High School
  • Middle/Junior School: Maple School
  • Middle/Junior School District: 30

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: COMMON
  • Special Assessments: Y

Rental Info

  • Board Number: 2
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 0

Tax Info

  • Tax Annual Amount: 3117
  • Tax Year: 2023
  • Tax Exemptions: Homeowner,Senior,Senior Freeze

Multi Family

  • Units in Building: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2024
Closed on
Nov 4, 2024
Sold by
Tallman Family Trust and Danza Janet
Bought by
Chemers Harlan and Chemers Elizabeth
Seller's Agent
Bridget Fritz
@properties Christie's International Real Estate
Buyer's Agent
Non Member
NON MEMBER
List Price
$475,000
Sold Price
$450,000
Premium/Discount to List
-$25,000
-5.26%
Views
15
Current Estimated Value
$483,735

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,735
Avg. Annual Appreciation
8.27%

Purchase Details

Closed on
May 3, 2022
Sold by
Tallman Marilyn L
Bought by
Tallman Family Trust

Purchase Details

Closed on
Apr 22, 2015
Sold by
Costello Joan
Bought by
Tallman Tallman Marilyn L Marilyn L and Tallman Danza Janet

Purchase Details

Closed on
Aug 13, 2008
Sold by
Foster James A and Estate Of Nancy J Foster
Bought by
Costello Joan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
6.42%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 30, 2000
Sold by
Kaufman Harry I and Harry I Kaufman Trust
Bought by
Foster Nancy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
8.14%

Purchase Details

Closed on
Jul 20, 1998
Sold by
Kaufman Harry I
Bought by
Harry I Kaufman Trust
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $450,000 Fidelity National Title
Warranty Deed $450,000 Fidelity National Title
Quit Claim Deed -- None Listed On Document
Warranty Deed $320,000 Proper Title Llc
Executors Deed $295,000 Cti
Deed $240,000 Ticor Title Insurance Compan
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $236,000 Purchase Money Mortgage
Previous Owner $110,000 No Value Available
Closed $100,000 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/05/2024 11/05/24 Sold $450,000 -5.3% $228 / Sq Ft
10/25/2024 10/25/24 Pending -- -- --
10/16/2024 10/16/24 For Sale $475,000 -- $240 / 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 $3,407 $36,030 $6,988 $29,042
2023 $3,419 $36,030 $6,988 $29,042
2022 $3,419 $36,030 $6,988 $29,042
2021 $3,761 $31,437 $5,644 $25,793
2020 $3,468 $31,437 $5,644 $25,793
2019 $3,358 $37,357 $5,644 $31,713
2018 $3,646 $28,835 $3,225 $25,610
2017 $3,508 $28,835 $3,225 $25,610
2016 $3,796 $28,835 $3,225 $25,610
2015 $4,440 $23,039 $4,166 $18,873
2014 $5,379 $23,039 $4,166 $18,873
2013 $5,310 $23,039 $4,166 $18,873
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12189758

Midwest Real Estate Data (MRED)

APN: 04-16-202-070-1002