NOT LISTED FOR SALE

1981 Madison Ave Gurnee, IL 60031

Estimated Value: $380,000 - $431,000

4 Beds
2.5 Baths
2,366 Sq Ft
$172/Sq Ft Est. Value

Last Sold August 29, 2023

Last sale price $350,000 $148 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $3,070/month

28 Days on Market

Highlights

  • Deck
  • Formal Dining Room
  • Walk-In Closet
  • Woodland Elementary School Rated A-
  • 2 Car Attached Garage
  • Living Room

About This Home

As of August 2023

This adorable 4 bedroom 2.5 bath home is ready for you to move in. Freshly painted throughout. Kitchen boasts white cabinets and updated appliances. Room for a table in your eat in kitchen as well as a formal dining room. Two great living spaces on first floor. Large primary bedroom has walk in closet, linen closet, and ensuite bathroom. 3 more generously sized bedrooms upstairs. Basement is ready for your finishing touches. Large deck and private backyard as well!

Last Agent to Sell the Property

Joanna Elrod

Keller Williams North Shore West License #475172583 Listed on: 06/27/2023

Keller Williams North Shore West

Last Buyer's Agent

Randy Schulenburg

Schulenburg Realty, Inc License #471009970

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,212

Year Built

  • Built in 1988

Lot Details

  • 9,670

Parking

  • 2 Car Attached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Driveway
  • Parking Space is Owned

Interior Spaces

  • 2,366 Sq Ft Home
  • 2-Story Property
  • Family Room
  • Living Room
  • Formal Dining Room
  • Unfinished Basement
  • Partial Basement

Kitchen

  • Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Deck

Schools

  • Warren Township High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

  • Westgate Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,212

Year Built

Built in 1988

Lot Details

9,670 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Subdivision Name: Westgate
  • Year Built: 1988
  • Age: 31-40 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
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
  • Basement: Partial
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Interior Amenities: Wood Laminate Floors, First Floor Laundry, Walk-In Closet(s)
  • LivingArea: 2366
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Flooring: Carpet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • ExteriorFeatures: Deck
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Brick

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Driveway: Asphalt
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • High School: Warren Township High School

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 9666
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 10212.18
  • Tax Year: 2022
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2023
Closed on
Aug 28, 2023
Sold by
Petersen Joshua Ryan and Petersen Heidi Joy
Bought by
Flores Carlos and Flores Haram
Seller's Agent
Joanna Elrod
Keller Williams North Shore West
Buyer's Agent
Randy Schulenburg
Schulenburg Realty, Inc
List Price
$389,000
Sold Price
$350,000
Premium/Discount to List
-$39,000
-10.03%
Views
174
Current Estimated Value
$417,959

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,959
Avg. Annual Appreciation
6.28%
Original Mortgage
$350,000
Outstanding Balance
$342,810
Interest Rate
7.13%
Mortgage Type
VA
Estimated Equity
$64,044

Purchase Details

Closed on
May 2, 2022
Sold by
Jkm Legacy Trust
Bought by
Petersen Joshua Ryan and Petersen Heidi Joy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
4.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 25, 2021
Sold by
Maldonado Javier J and Maldonado Judy K
Bought by
Jkm Legacy Trust and Mkm Legacy Trust

Purchase Details

Closed on
Jul 21, 2006
Sold by
Do Pil Hwan and Do Hae Sun
Bought by
Maldonado Javier J and Maldonado Judy K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,900
Interest Rate
6.82%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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
Flores Carlos $350,000 First American Title
Petersen Joshua Ryan $300,000 Chicago Title
Jkm Legacy Trust -- Attorney
Maldonado Javier J $280,000 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Flores Carlos $350,000
Previous Owner Petersen Joshua Ryan $285,000
Previous Owner Maldonado Javier J $223,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/29/2023 08/29/23 Sold $350,000 -4.1% $148 / Sq Ft
07/26/2023 07/26/23 Pending -- -- --
07/21/2023 07/21/23 Price Changed $365,000 -3.7% $154 / Sq Ft
07/12/2023 07/12/23 Price Changed $379,000 -2.6% $160 / Sq Ft
06/27/2023 06/27/23 For Sale $389,000 -- $164 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $11,024 $118,913 $15,752 $103,161
2023 $10,212 $110,401 $14,624 $95,777
2022 $10,212 $103,080 $14,845 $88,235
2021 $9,259 $98,944 $14,249 $84,695
2020 $8,973 $96,512 $13,899 $82,613
2019 $8,724 $93,710 $13,495 $80,215
2018 $8,213 $89,217 $12,369 $76,848
2017 $8,132 $86,661 $12,015 $74,646
2016 $8,089 $89,205 $11,480 $77,725
2015 $8,521 $84,603 $10,888 $73,715
2014 $6,306 $69,041 $10,736 $58,305
2012 $5,982 $69,570 $10,818 $58,752
Source: Public Records

Agents Affiliated with this Home

  • Joanna Elrod

    Seller's Agent in 2023

    Joanna Elrod

    Keller Williams North Shore West

    (847) 887-9869

    9 in this area

    56 Total Sales

    Joanna Elrod
    Section Image
  • Randy Schulenburg

    Buyer's Agent in 2023

    Randy Schulenburg

    Schulenburg Realty, Inc

    (224) 805-2616

    1 in this area

    150 Total Sales

    Randy Schulenburg
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11818218

Midwest Real Estate Data (MRED)

APN: 07-10-314-006

Illinois Lake County Gurnee 60031

1981 Madison Ave, Gurnee, IL

Not Listed for Sale

Detached

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.