NOT LISTED FOR SALE

203 Mainsail Dr Third Lake, IL 60030

Estimated Value: $448,208 - $529,000

4 Beds
2.5 Baths
2,432 Sq Ft
$197/Sq Ft Est. Value

Last Sold June 26, 2024

Last sale price $440,000 $181 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $3,320/month

2 Days on Market

Highlights

  • Colonial Architecture
  • Community Lake
  • Recreation Room
  • Grayslake North High School Rated A
  • Property is near park
  • Vaulted Ceiling

About This Home

As of June 2024

Located in the picturesque Mariner's Cove Subdivision, this stunning home offers an unparalleled lifestyle nestled between the serene Third Lake and Druce Lake. Mariner's Cove, a unique community of 338 homes, is set in an area brimming with recreational opportunities and bordered by the expansive Rollins Savanna Forest Preserve. This exquisite 4-bedroom, 2-1/2 bath home is situated across the street from Third Lake, offering scenic views and easy access to the water. The generous primary bedroom features an ensuite, providing a private retreat. The kitchen is a chef's dream with numerous cabinets, pull-out drawers, a pantry, and a trash compactor. Recent upgrades include a new HVAC system installed in 2024. Vaulted Ceilings. 1 Fireplace with gas logs, 2 car attached garage, Additional amenities include a second-floor laundry room, central vacuum system (as is, never used by the owner), a brick paver patio perfect for outdoor gatherings, and a finished basement with ample storage. All bedrooms are spacious, ensuring comfort for the entire family. This property is not just a home, but a gateway to a vibrant and active lifestyle. Homeowners can enjoy motorized Third Lake (which allows, boating, jet-skis and fishing ) and Druce Lake for non-motorized activities (swimming, kayaking, etc. ).

Last Agent to Sell the Property

Sheila Yakutis

RE/MAX 10 License #475123265 Listed on: 05/23/2024

RE/MAX 10

Last Buyer's Agent

Flutura Hysenukaj

Compass License #475199601

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,268

Year Built

  • Built in 1989

Lot Details

  • 8,712

HOA Fees

  • $17 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Colonial Architecture
  • Cedar

Interior Spaces

  • 2,432 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Gas Log Fireplace
  • Formal Dining Room
  • Loft with Fireplace
  • Recreation Room
  • Storage Room
  • Wood Flooring
  • Finished Basement
  • Partial Basement

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Trash Compactor

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Schools

  • Avon Center Elementary School
  • Frederick Middle School
  • Grayslake North High School

Utilities

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

Additional Features

  • Paved or Partially Paved Lot
  • Property is near park

Community Details

  • Association fees include insurance
  • Anyone Association, Phone Number (704) 574-0761
  • Mariners Cove Subdivision
  • Property managed by Mariners Cove Community Assoc.
  • Community Lake

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,268

Year Built

Built in 1989

Lot Details

0

HOA Fees

$17 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple w/ HO Assn.
  • ArchitecturalStyle: Colonial
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Subdivision Name: Mariners Cove
  • Year Built: 1989
  • Age: 31-40 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • SomePhotosVirtuallyStaged: No
  • MonthToMonthYN: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Trash Compactor
  • Basement: Partial
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Gas Log
  • Fireplaces: 1
  • Interior Amenities: Vaulted/Cathedral Ceilings, Hardwood Floors, Second Floor Laundry
  • LivingArea: 2432
  • Room Type: Recreation Room, Storage
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Fireplace Location: Loft
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Cedar

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • 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
  • Electric: Circuit Breakers
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee: 200
  • Association Fee Frequency: Annually
  • Community Features: Park, Lake, Curbs, Street Paved
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Mariners Cove Community Assoc.
  • Management Contact Name: Anyone
  • Management Phone: 704-574-0761
  • ResoAssociationFeeFrequency: Annually

Fee Information

  • Association Fee Includes: Insurance

Schools

  • Elementary School: Avon Center School
  • High School: Grayslake North High School
  • Middle/Junior School: Frederick School

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 8712
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 10268
  • Tax Year: 2022
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2024
Closed on
Jun 24, 2024
Sold by
Lewis Michael and Lewis Kathleen
Bought by
Hussein Mohammad Ahmad
Seller's Agent
Sheila Yakutis
RE/MAX 10
Buyer's Agent
Flutura Hysenukaj
Compass
List Price
$459,000
Sold Price
$440,000
Premium/Discount to List
-$19,000
-4.14%
Views
9
Current Estimated Value
$479,302

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,302
Avg. Annual Appreciation
5.75%
Original Mortgage
$308,000
Outstanding Balance
$304,152
Interest Rate
7.13%
Mortgage Type
New Conventional
Estimated Equity
$175,150

Purchase Details

Closed on
May 8, 2017
Sold by
Clark Linda H and Linda H Clark Revocable Trust
Bought by
Lewis Michael and Lewis Kathleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,500
Interest Rate
4.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 2, 2000
Sold by
Clark Michael T and Clark Linda H
Bought by
Clark Linda H and The Linda H Clark Revocable Tr
Source: Public Records
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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
Hussein Mohammad Ahmad $440,000 First American Title
Lewis Michael $290,000 Precision Title
Clark Linda H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hussein Mohammad Ahmad $308,000
Previous Owner Lewis Michael $204,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/26/2024 06/26/24 Sold $440,000 -4.1% $181 / Sq Ft
05/26/2024 05/26/24 Pending -- -- --
05/23/2024 05/23/24 For Sale $459,000 -- $189 / 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 $9,546 $109,391 $24,939 $84,452
2023 $10,268 $95,614 $21,798 $73,816
2022 $10,268 $98,429 $12,891 $85,538
2021 $10,170 $94,606 $12,390 $82,216
2020 $10,202 $90,015 $11,789 $78,226
2019 $9,853 $86,362 $11,311 $75,051
2018 $11,653 $101,352 $17,571 $83,781
2017 $11,605 $95,336 $16,528 $78,808
2016 $11,140 $88,005 $15,257 $72,748
2015 $10,861 $80,399 $13,938 $66,461
2014 $8,604 $64,813 $10,599 $54,214
2012 $8,463 $67,689 $11,069 $56,620
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12063804

Midwest Real Estate Data (MRED)

APN: 06-24-203-018