NOT LISTED FOR SALE

199 Fossil Cove Ln Wilmington, IL 60481

Estimated Value: $147,000 - $186,000

1 Bed
1 Bath
500 Sq Ft
$332/Sq Ft Est. Value

Last Sold November 15, 2024

Last sale price $155,000 $310 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $1,128/month

10 Days on Market

Highlights

  • Water Views
  • Beach Access
  • Open Floorplan
  • Boat Dock
  • Gated Community
  • Property fronts a channel

About This Home

As of November 2024

All decked out and ready to show. This park model has been redone from the inside out. Starting outside, it offers you a beautiful brand new deck, situated on your own private sand beach. Fish, boat, swim and build a sand castle all from your own property! Inside has been updated and upgraded from the floors to the ceilings. Walls have been updated with fresh paint and trim. New sliding glass door lets in plenty of sunlight. Kitchen updated with barn wood accent wall, backsplash, and new lighting. Bathroom has new walk in tile shower, located right next to the laundry closet, washer and dryer included. Master bedroom has built in closet and dresser, and an egress window as well. Items to mention: All in 2024: Roof, 6 windows, plumbing, flooring, and water heater. Bathroom remodel, brand new carpet in loft areas. New skirting, heat tape around the main lines. Double loft area is open and great use for storage or extra sleeping areas. John boat and trailer to convey as well. (We have the titles to the park model, boat and trailer). 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.

Last Agent to Sell the Property

Diane Brannock

Hexagon Real Estate License #471011113 Listed on: 10/07/2024

Last Buyer's Agent

Diane Brannock

Hexagon Real Estate License #471011113 Listed on: 10/07/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $977

Year Built

  • Built in 1999 | Remodeled in 2024

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 50x100
  • Property fronts a channel
  • Paved or Partially Paved Lot

HOA Fees

  • $163 Monthly HOA Fees

Home Design

  • Vinyl Siding

Interior Spaces

  • 500 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Built-In Features
  • Vaulted Ceiling
  • Family Room
  • Living Room
  • Dining Room
  • Loft
  • Water Views
  • Range

Bedrooms and Bathrooms

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

Laundry

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

Parking

  • 8 Parking Spaces
  • Uncovered Parking
  • Parking Included in Price

Outdoor Features

  • Beach Access
  • Tideland Water Rights
  • Deck
  • Fire Pit
  • Shed

Location

  • Property is near a park

Utilities

  • One Cooling System Mounted To A Wall/Window
  • Heating Available

Community Details

Overview

  • Association fees include water, insurance, security, clubhouse, pool, scavenger, lake rights
  • Shadow Lakes8 Association, Phone Number (815) 458-3647
  • Shadow Lakes Subdivision
  • Property managed by Shadow Lakes
  • Community Lake

Recreation

  • Boat Dock
  • Community Pool

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$977

Year Built

Built in 1999 | Remodeled in 2024

Lot Details

0

HOA Fees

$163 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: 21-25 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2024
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2024

Interior Features

  • Appliances: Range, Refrigerator, Washer, Dryer
  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Interior Amenities: Vaulted/Cathedral Ceilings, First Floor Bedroom, First Floor Laundry, First Floor Full Bath, Built-in Features, Open Floorplan
  • LivingArea: 500
  • Room Type: Loft
  • Estimated Total Finished Sq Ft: 500
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 500
  • Total Sq Ft: 500
  • Upper Level Sq Ft: 100
  • Main Level Sq Ft: 400
  • ResoLivingAreaSource: Estimated

Exterior Features

  • ExteriorFeatures: Deck, Fire Pit
  • List Price: 161000
  • Lot Features: Beach, Channel Front, Water Rights, Water View, Views, Waterfront
  • OtherStructures: Shed(s)
  • Waterfront: Yes
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • ParkingTotal: 8
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: N/A

Utilities

  • Sewer: Public Sewer
  • Cooling: Window/Wall Unit - 1
  • Heating: Electric
  • Laundry Features: Laundry Closet
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 1952
  • Association Fee Frequency: Annually
  • Community Features: Clubhouse, Park, Pool, Lake, Dock, Water Rights, Gated, Street Lights, Street Paved
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Shadow Lakes
  • Management Contact Name: Shadow Lakes8
  • Management Phone: 815-458-3647
  • ResoAssociationFeeFrequency: Annually

Fee Information

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

Schools

  • Middle/Junior School District: 255U

Lot Info

  • Lot Size Acres: 0.11
  • Lot Dimensions: 50X100
  • Lot Size: Less Than .25 Acre
  • Special Assessments: U

Rental Info

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

Tax Info

  • Tax Annual Amount: 977
  • Tax Year: 2023
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2024
Closed on
Nov 15, 2024
Sold by
Mize Dan
Bought by
Painter Eli and Painter Michelle
Seller's Agent
Diane Brannock
Hexagon Real Estate
Buyer's Agent
Diane Brannock
Hexagon Real Estate
List Price
$161,000
Sold Price
$155,000
Premium/Discount to List
-$6,000
-3.73%
Views
25
Current Estimated Value
$166,128

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,128
Avg. Annual Appreciation
8.01%
Original Mortgage
$106,400
Outstanding Balance
$100,637
Interest Rate
8.75%
Mortgage Type
Credit Line Revolving
Estimated Equity
$65,491

Purchase Details

Listed on
Jan 6, 2024
Closed on
Jul 11, 2024
Sold by
Pilmonas Arnold V
Bought by
Mize Dan
Seller's Agent
Diane Brannock
Hexagon Real Estate
Buyer's Agent
Diane Brannock
Hexagon Real Estate
List Price
$69,500
Sold Price
$55,500
Premium/Discount to List
-$14,000
-20.14%
Views
677

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1781.03%

Purchase Details

Closed on
Apr 8, 1996
Sold by
American National Bk & Tr Co Of Chicago
Bought by
Raimo Mark S and Raimo Debra A
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 Buyer Sale Price Title Company
Painter Eli $155,000 Fidelity National Title Insura
Painter Eli $155,000 Fidelity National Title Insura
Mize Dan $55,000 Fidelity National Title Insura
Raimo Mark S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Painter Eli $106,400
Closed Painter Eli $106,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/15/2024 11/15/24 Sold $155,000 -3.7% $310 / Sq Ft
10/17/2024 10/17/24 Pending -- -- --
10/07/2024 10/07/24 For Sale $161,000 +190.1% $322 / Sq Ft
07/11/2024 07/11/24 Sold $55,500 -11.9% $111 / Sq Ft View Prior Sale
06/12/2024 06/12/24 Pending -- -- --
06/10/2024 06/10/24 Price Changed $63,000 -9.4% $126 / Sq Ft
01/06/2024 01/06/24 For Sale $69,500 -- $139 / 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 $1,044 $15,312 $15,312 $0
2023 $1,044 $13,714 $13,714 $0
2022 $969 $12,445 $12,445 $0
2021 $853 $11,878 $11,878 $0
2020 $801 $11,253 $11,253 $0
2019 $759 $10,626 $10,626 $0
2018 $733 $10,168 $10,168 $0
2017 $721 $9,969 $9,969 $0
2016 $705 $9,641 $9,641 $0
2015 $680 $9,392 $9,392 $0
2014 $680 $9,392 $9,392 $0
2013 $680 $10,045 $10,045 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12182905

Midwest Real Estate Data (MRED)

APN: 02-24-04-132-028