Seller's Agent in 2024
Dorene Swanson
Glacier Realty, Inc.
(815) 347-2090
4 in this area
71 Total Sales
205 W State Rd Island Lake, IL 60042
West Island Lake NeighborhoodEstimated Value: $441,000 - $1,155,000
3
Beds
1
Bath
--
Sq Ft
1.6
Acres
About This Home
As of January 2024B-1 Zoned. Current use is Multi-unit on one pin#. History of the property is that it used to be a fishing resort with an in ground swimming pool, a lodge and a concession stand. All units are leased. This is a very well maintained and cared for property and has been in the family for 45 years! It consists of three single family homes, two garages, and four one bedroom unit building. One garage has been subdivided to create storage units for the apartment and the two back home tenants. Second garage is rented out as storage. Asphalt drive and parking lot were paved last year. Agent can send you the link for the property website with interior pictures.
Last Agent to Sell the Property
Glacier Realty, Inc. License #471020828 Listed on: 09/04/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $17,425
Year Built
- Built in 1960
Lot Details
- 1.6 Acre Lot
- Lot Dimensions are 149x418x100x176x246x170
Additional Features
- 1-Story Property
- Forced Air Heating System
Community Details
Overview
- 7 Units
Building Details
- Operating Expense $33,106
- Gross Income $94,260
- Net Operating Income $61,154
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 4, 2023
Closed on
Jan 12, 2024
Sold by
Trust Number 92-122 and Chicago Title Land Trust Co
Bought by
Fish Camp Rjrsc Llc
Seller's Agent
Dorene Swanson
Glacier Realty, Inc.
Buyer's Agent
Peter Losacco
New Concept Realty
List Price
$940,000
Sold Price
$890,000
Premium/Discount to List
-$50,000
-5.32%
Views
81
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$124,188
Avg. Annual Appreciation
-8.32%
Original Mortgage
$667,500
Outstanding Balance
$656,402
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$109,410
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Fish Camp Rjrsc Llc | $890,000 | Chicago Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Fish Camp Rjrsc Llc | $667,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/12/2024 01/12/24 | Sold | $890,000 | -5.3% | -- |
| 10/13/2023 10/13/23 | Pending | -- | -- | -- |
| 09/05/2023 09/05/23 | For Sale | $940,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $17,425 | $220,821 | $33,567 | $187,254 |
| 2023 | $16,864 | $198,028 | $30,102 | $167,926 |
| 2022 | $18,611 | $186,803 | $33,236 | $153,567 |
| 2021 | $18,095 | $175,139 | $31,161 | $143,978 |
| 2020 | $15,841 | $156,546 | $15,735 | $140,811 |
| 2019 | $15,710 | $148,836 | $14,960 | $133,876 |
| 2018 | $14,896 | $139,804 | $14,052 | $125,752 |
| 2017 | $14,519 | $133,937 | $13,462 | $120,475 |
| 2016 | $14,222 | $127,790 | $12,844 | $114,946 |
| 2013 | -- | $121,618 | $12,224 | $109,394 |
Source: Public Records
Agents Affiliated with this Home
-
Dorene Swanson
-
Peter Losacco
Buyer's Agent in 2024
Peter Losacco
New Concept Realty
(773) 858-7257
1 in this area
98 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11876663
APN: 15-20-478-004
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