$139,000
$3K PRICE DROP

195 Fossil Cove Ln Wilmington, IL 60481

Estimated payment $1,101/month

Total Views 12,593
1 Bed
1 Bath
400 Sq Ft
$348 Price per Sq Ft

Highlights

  • Water Views
  • Property fronts a channel
  • Clubhouse
  • Gated Community
  • Community Lake
  • Deck

About This Home

Park model with a new, beautiful, patio solarium. This waterfront park model, brings the wildlife and nature right to your lot. Enjoy many moments relaxing in the solarium, complete with walls and / or screens. Your deck leads to the cozy back yard and water front. Inside, the layout is unique, as it has an open kitchen / living area, giving you diversity for table space. Newer vinyl flooring and some cosmetic updates make the rooms pop! Appliance are staying, so nothing to do but move in. Master bedroom has built in closet and dresser, and loft area is perfect for additional sleeping space and/or storage. This really is an opportunity to "Live a life you don't need a vacation from!" This is a private gated community. We have miles of fresh water channels, lakes, and marshes all interconnecting. This is the place to fish, swim, or boat, where it can reach 42 feet deep in some areas. (BIG FISH POSSIBILITIES!) Wildlife is abundant as well. This association includes a club house, community pool, a separate sand beach, pavilion, dog park, volleyball and basketball area (other games as well). They offer plenty of family and group activities. Other important notes: Close to I55 & only 60 Mins. from Chicago. Only Electric Boats & Golf Carts allowed. Association Dues are on a tiered basis and depend on the time you spend at the property- . Dues include water, sewer and garbage. Buyer / Buyer's agent to call Shadow Lakes to verify all rules / info. Lot size and square footage is estimated.

Listing Agent

Diane Brannock

Hexagon Real Estate License #471011113 Listed on: 05/27/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,839

Year Built

  • Built in 1999

Lot Details

  • Lot Dimensions are 43x35x100x25x105
  • Property fronts a channel
  • Paved or Partially Paved Lot

HOA Fees

  • $173 Monthly HOA Fees

Interior Spaces

  • 400 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Family Room
  • Living Room
  • Dining Room
  • Loft
  • Water Views
  • Laundry Room

Kitchen

  • Range
  • Microwave

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Potential Bedroom
  • Bathroom on Main Level
  • 1 Full Bathroom

Parking

  • 3 Parking Spaces
  • Driveway
  • Parking Included in Price

Outdoor Features

  • Tideland Water Rights
  • Deck
  • Shed

Location

  • Property is near a park

Utilities

  • Central Air
  • Heating System Uses Propane

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include water, security, clubhouse, pool, scavenger, lake rights
  • Shadow Lakes Association, Phone Number (815) 458-3647
  • Shadow Lakes Subdivision
  • Property managed by Shadow Lakes
  • Community Lake

Recreation

  • Community Pool

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,839

Year Built

Built in 1999

Lot Details

0

HOA Fees

$173 per month

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple w/ HO Assn.
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Subdivision Name: Shadow Lakes
  • Year Built: 1999
  • Age: 26-30 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Refrigerator
  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Interior Amenities: Cathedral Ceiling(s), 1st Floor Bedroom, 1st Floor Full Bath, Built-in Features
  • LivingArea: 400
  • Room Type: Loft
  • Estimated Total Finished Sq Ft: 0
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 139000
  • Lot Features: Channel Front, Water Rights
  • OtherStructures: Other, Shed(s)
  • Patio And Porch Features: Deck
  • View: Water
  • Waterfront Features: Waterfront
  • Waterfront: Yes

Garage/Parking

  • Parking Features: Asphalt, Driveway, On Site, Owned
  • ParkingTotal: 3

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Propane
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 2070
  • Association Fee Frequency: Annually
  • Community Features: Clubhouse, Park, Pool, Lake, Water Rights, Gated, Street Paved
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Shadow Lakes
  • Management Contact Name: Shadow Lakes
  • Management Phone: 815-458-3647

Fee Information

  • Association Fee Includes: Water, Security, Clubhouse, Pool, Scavenger, Lake Rights, Other

Schools

  • Middle/Junior School District: 255U

Lot Info

  • Lot Dimensions: 43X35X100X25X105
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 21
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 1839
  • Tax Year: 2024
  • Tax Exemptions: Homeowner

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $1,839 $31,590 $10,252 $21,338
2022 $1,988 $9,303 $9,303 $0
2021 $644 $8,879 $8,879 $0
2020 $601 $8,412 $8,412 $0
2019 $570 $7,943 $7,943 $0
2018 $551 $7,601 $7,601 $0
2017 $541 $7,452 $7,452 $0
2016 $529 $7,207 $7,207 $0
2015 $512 $7,021 $7,021 $0
2014 $512 $7,021 $7,021 $0
2013 $512 $7,509 $7,509 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2025 06/13/25 Price Changed $139,000 -2.1% $348 / Sq Ft
05/28/2025 05/28/25 Price Changed $142,000 0.0% $355 / Sq Ft
05/28/2025 05/28/25 For Sale $142,000 +65.1% $355 / Sq Ft
08/30/2022 08/30/22 Sold $86,000 -4.3% $215 / Sq Ft
07/18/2022 07/18/22 Pending -- -- --
07/15/2022 07/15/22 For Sale $89,900 -- $225 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $86,000 --
Sheriffs Deed $36,000 --
Warranty Deed $32,500 --
Joint Tenancy Deed $24,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $68,800 Credit Line Revolving
Previous Owner $47,600 No Value Available
Source: Public Records

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Source: Midwest Real Estate Data (MRED)

MLS Number: 12375623

Midwest Real Estate Data (MRED)

APN: 02-24-04-132-032