NOT LISTED FOR SALE

2040 Somerset Ln Unit 2040 Sycamore, IL 60178

Estimated Value: $359,000 - $371,000

2 Beds
2 Baths
1,736 Sq Ft
$491/mo HOA Fee

Last Sold April 18, 2018

Last sale price $250,975 $145 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $3,089/month

615 Days on Market

Highlights

  • Fitness Center
  • ENERGY STAR Certified Homes
  • Vaulted Ceiling
  • Newly Remodeled
  • Landscaped Professionally
  • Heated Sun or Florida Room

About This Home

As of April 2018

Seventy six units sold and only 4 more basement condos to be built at Somerset Farm forever! One in 2016 and three in 2017. Select your unit now. Located looking over large Sycamore city detention area. Custom Experience! Somerset Farm, 55+ ranch condo community w/clubhouse & open floor plan w/sunroom & master suite w/tray ceiling & 2 walk-in closets & an all-ceramic master bath w/spacious walk-in shower. Full kitchen w/granite countertops, pantry, wainscoting in dining area & sunroom, large window sills, Anderson windows, brushed nickle lighting and a 2 car garage with a heated storage area ( 6' x 20'). Clubhouse has exercise room, beautiful gathering great room for potlucks, association meetings & activities. Great model available to see with appointment.

Last Agent to Sell the Property

Linda Tillis

Willow Real Estate, Inc License #475080090 Listed on: 07/06/2016

Last Buyer's Agent

Deborah Christensen

Coldwell Banker Real Estate Group License #475127109

Coldwell Banker Real Estate Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,971

Year Built

  • Built in 2016 | Newly Remodeled

Lot Details

  • End Unit
  • Landscaped Professionally
  • Sprinkler System

HOA Fees

Parking

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

Home Design

  • Ranch Property
  • Brick Foundation
  • Stone Foundation
  • Asphalt Roof
  • Radon Mitigation System

Interior Spaces

  • 1,736 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Family Room
  • Den
  • Heated Sun or Florida Room
  • Storage Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • Bathroom on Main Level
  • 2 Full Bathrooms
  • Separate Shower

Laundry

  • Laundry Room
  • Laundry on main level

Home Security

Accessible Home Design

  • Roll-in Shower
  • Handicap Shower
  • Grab Bar In Bathroom
  • Halls are 36 inches wide or more
  • Wheelchair Adaptable
  • Accessibility Features
  • Doors with lever handles
  • No Interior Steps
  • Entry Slope Less Than 1 Foot

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • 100 Amp Service
  • Cable TV Available

Additional Features

  • ENERGY STAR Certified Homes
  • Patio

Community Details

Overview

  • Association fees include clubhouse, exercise facilities, exterior maintenance, lawn care, snow removal
  • 4 Units
  • Bonnie Rogers Association, Phone Number (815) 757-4010
  • Somerset Farm Subdivision, Mirabell Floorplan
  • Property managed by Somerset Farms

Recreation

  • Fitness Center

Pet Policy

  • Dogs and Cats Allowed

Security

  • Storm Screens
  • Carbon Monoxide Detectors

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,971

Year Built

Built in 2016 | Newly Remodeled

Lot Details

0

HOA Fees

$491 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo,Quad-Ranch
  • Ownership: Condo
  • New Construction: Yes
  • Property Sub-Type: Condo,Quad-Ranch
  • Subdivision Name: SOMERSET FARM
  • Year Built: 2016
  • Age: NEW Under Construction
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: Yes
  • General Information: Adult Community
  • Rehab (Y/N): No
  • Unit Floor Level: 1
  • ResoPropertyType: Residential
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Disposal
  • Basement: Full
  • Accessibility Features: Hall Width 36 Inches or More, Lever Door Handles, Entry Slope less than 1 foot, Bath Grab Bars, No Interior Steps, Roll-In Shower, Thresholds less than 5/8 of an inch, Wheelchair Adaptable
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Vaulted/Cathedral Ceilings, First Floor Bedroom, First Floor Laundry, First Floor Full Bath, Storage
  • LivingArea: 1736
  • Other Equipment: TV-Cable, CO Detectors, Ceiling Fan(s), Sprinkler-Lawn, Radon Mitigation System
  • Room Type: Storage, Heated Sun Room, Den
  • Stories Total: 1
  • Basement Description: Unfinished
  • Bathroom Amenities: Separate Shower,Handicap Shower
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • ResoLivingAreaSource: Builder

Exterior Features

  • ExteriorFeatures: Patio, Storms/Screens, End Unit, Cable Access
  • Foundation Details: Brick/Mortar, Stone
  • List Price: 247900
  • Lot Features: Landscaped
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Brick,Stone

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
  • Electric: Circuit Breakers, 100 Amp Service
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 164
  • Association Amenities: Exercise Room
  • Association Fee Frequency: Monthly
  • Management: Self-Management
  • Master Association Fee: Yes
  • Management Company: Somerset Farms
  • Management Contact Name: Bonnie Rogers
  • Management Phone: 815-757-4010
  • Master Association Fee: 327
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Clubhouse, Exercise Facilities, Exterior Maintenance, Lawn Care, Snow Removal

Schools

  • Middle/Junior School District: 427

Green Features

  • Green Building Verification Type: Energy Star Homes

Lot Info

  • Lot Dimensions: CONDO
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: No
  • Max Pet Weight: 0

Tax Info

  • Tax Year: 2015
  • Tax Exemptions: None

Multi Family

  • Units in Building: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2016
Closed on
Apr 18, 2018
Sold by
Somerset Farm Sycamore Llc
Bought by
Phipps Robert W and Phipps Tiffany L
Seller's Agent
Linda Tillis
Willow Real Estate, Inc
Buyer's Agent
Deborah Christensen
Coldwell Banker Real Estate Group
List Price
$236,000
Sold Price
$250,975
Premium/Discount to List
$14,975
6.35%
Current Estimated Value
$364,626

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,651
Avg. Annual Appreciation
5.11%
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
Phipps Robert W $251,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/18/2018 04/18/18 Sold $250,975 +1.2% $145 / Sq Ft
03/13/2018 03/13/18 Pending -- -- --
02/08/2018 02/08/18 Price Changed $247,900 +1.6% $143 / Sq Ft
11/30/2016 11/30/16 Price Changed $243,900 +3.3% $140 / Sq Ft
07/06/2016 07/06/16 For Sale $236,000 -- $136 / 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 $7,971 $118,375 $5,961 $112,414
2023 $7,971 $95,257 $5,577 $89,680
2022 $8,262 $94,347 $5,323 $89,024
2021 $7,983 $89,829 $5,068 $84,761
2020 $7,817 $87,027 $4,910 $82,117
2019 $7,529 $83,375 $4,704 $78,671
2018 $5,331 $53,810 $30 $53,780
2017 $3 $29 $29 $0
2016 $3 $27 $27 $0
Source: Public Records

Agents Affiliated with this Home

  • Linda Tillis

    Seller's Agent in 2018

    Linda Tillis

    Willow Real Estate, Inc

    (815) 751-3159

    2 in this area

    97 Total Sales

    Linda Tillis
    Section Image
  • Deborah Christensen

    Buyer's Agent in 2018

    Deborah Christensen

    Coldwell Banker Real Estate Group

    (630) 936-1352

    167 Total Sales

    Deborah Christensen
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09278200

Midwest Real Estate Data (MRED)

APN: 09-08-126-050

Illinois DeKalb County Sycamore 60178

2040 Somerset Ln Unit 2040, Sycamore, IL

This home is located at 2040 Somerset Ln Unit 2040, Sycamore, IL 60178 since 06 July 2016 and is currently estimated at $364,626, approximately $210 per square foot. This property was built in 2016. 2040 Somerset Ln Unit 2040 is a home located in DeKalb County with nearby schools including Sycamore High School, St Mary's Catholic School, and Cornerstone Christian Academy.

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