NOT LISTED FOR SALE

206 Mainsail Dr Third Lake, IL 60030

Estimated Value: $561,000 - $926,000

5 Beds
4 Baths
3,982 Sq Ft
$204/Sq Ft Est. Value

Last Sold March 31, 2022

Last sale price $747,500 $188 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $6,333/month

9 Days on Market

Highlights

  • Lake Front
  • Boat Dock
  • Spa
  • Grayslake North High School Rated A
  • Boat Slip
  • Heated Floors

About This Home

As of March 2022

This Lake Front home has it all! Enjoy Living on Third Lake, the Deepest Lake in Lake County, for Boating, Jet Skiing, Fishing & Swimming! Watch an awesome Sunset from the Dock or 5 other patios or balcony of this Mariner's Cove Beauty. Large slate Foyer Opens to Living room with vaulted ceiling. Gleaming Hardwood Floors T/O First Floor. Formal Dining Room is just great for entertaining. Inviting Family Room with roaring FP and gorgeous views of the Lake. Family Room Slider Opens to Private Patio complete with Newer Hot Tub, and Million Dollar Views. Recently Updated Gourmet kitchen boasts Newer High-end stainless steel appliances, Electrolux Frig, double oven, island, new granite counters, high top table with fabulous views of the lake & another patio..just great for outdoor BBQs. First floor bedroom & ALL NEW full bathroom, (just great for guests). Gorgeous master bedroom with balcony & spectacular views of the lake! Luxurious master bathroom has heated floors, separate shower, soaker tub & double quartz sink. Upstairs Newer Hall Bath & Three oversized Bedrooms complete the second floor. Need more space ? Check out the recently updated Walk out basement. Enjoy a cocktail at the Bar, play a game of pool in the Rec Room, or walkout onto the patio for more Million Dollar Views. This finished Lower Level has just what you need living on the lake with a full bathroom,Rec room, game room and more. Enjoy the outdoor Fire pit, private beach, swimming, jet ski, fishing and more from your own back yard. Oversized 3 car garage for cars and toys. New Roof 2021, all new Exterior Paint 2020,New Hot Tub 2019, New Furnace 2020,New AC 2018,New Tankless Water Heater 2021, New Carpet 2019. Nothing for you to do but MOVE IN and enjoy the Good Life on the Lake.

Last Agent to Sell the Property

John Worklan

Baird & Warner License #471005298 Listed on: 02/23/2022

Baird & Warner

Last Buyer's Agent

Brad McCreary

Keller Williams Infinity License #475173405

Keller Williams Infinity

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,652

Year Built

  • Built in 1990

Lot Details

  • 0.35 Acre Lot
  • Lot Dimensions are 72x209x72x206
  • Lake Front

HOA Fees

  • $13 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Driveway
  • Parking Included in Price

Home Design

  • Traditional Architecture
  • Asphalt Roof
  • Concrete Perimeter Foundation
  • Cedar

Interior Spaces

  • 3,982 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Central Vacuum
  • Ceiling Fan
  • Wood Burning Fireplace
  • Fireplace With Gas Starter
  • Family Room with Fireplace
  • Living Room
  • Formal Dining Room
  • Recreation Room
  • Heated Floors
  • Unfinished Attic

Kitchen

  • Double Oven
  • Microwave
  • High End Refrigerator
  • Dishwasher
  • Wine Refrigerator
  • Stainless Steel Appliances
  • Trash Compactor
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • Main Floor Bedroom
  • Bathroom on Main Level
  • 4 Full Bathrooms
  • Dual Sinks
  • Soaking Tub
  • Separate Shower

Laundry

  • Laundry Room
  • Laundry on main level

Finished Basement

  • Walk-Out Basement
  • Partial Basement
  • Sump Pump
  • Finished Basement Bathroom
  • Crawl Space

Home Security

  • Storm Screens
  • Carbon Monoxide Detectors

Outdoor Features

  • Spa
  • Tideland Water Rights
  • Boat Slip
  • Balcony
  • Brick Porch or Patio

Location

  • Property is near a park

Schools

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

Utilities

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

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include lake rights
  • Wendy Association, Phone Number (847) 223-8422
  • Mariners Cove Subdivision, Lake Front Floorplan
  • Property managed by Mariners Cove Assoc.
  • Community Lake

Recreation

  • Boat Dock

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,652

Year Built

Built in 1990

Lot Details

0

HOA Fees

$13 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple w/ HO Assn.
  • ArchitecturalStyle: Traditional
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Subdivision Name: Mariners Cove
  • Year Built: 1990
  • Age: 31-40 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Double Oven, Microwave, Dishwasher, High End Refrigerator, Disposal, Trash Compactor, Stainless Steel Appliance(s), Wine Refrigerator
  • Basement: Partial, Walkout
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Total Bedrooms: 5
  • Fireplace Features: Wood Burning, Gas Starter
  • Fireplaces: 1
  • Interior Amenities: Hot Tub, Bar-Wet, Heated Floors, First Floor Bedroom, First Floor Laundry, First Floor Full Bath
  • LivingArea: 3982
  • Other Equipment: Humidifier, Central Vacuum, CO Detectors, Ceiling Fan(s), Sump Pump, Backup Sump Pump;
  • Room Type: Bedroom 5, Recreation Room
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Finished,Crawl
  • Bathroom Amenities: Separate Shower,Double Sink,Soaking Tub
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Fireplace Location: Family Room
  • Total Sq Ft: 0
  • Attic: Unfinished

Exterior Features

  • ExteriorFeatures: Balcony, Patio, Hot Tub, Brick Paver Patio, Boat Slip, Storms/Screens
  • Foundation Details: Concrete Perimeter
  • List Price: 780000
  • Lot Features: Lake Front
  • Roof: Asphalt
  • Waterfront: Yes
  • Exterior Building Type: Cedar

Garage/Parking

  • Garage Spaces: 3
  • Number of Cars: 3
  • Driveway: Concrete
  • 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: 150
  • Association Fee Frequency: Annually
  • Community Features: Park, Lake, Dock, Water Rights, Sidewalks, Street Lights
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Mariners Cove Assoc.
  • Management Contact Name: Wendy
  • Management Phone: 847-223-8422
  • ResoAssociationFeeFrequency: Annually

Fee Information

  • Association Fee Includes: Lake Rights

Schools

  • Elementary School: Avon Center Elementary School
  • High School: Grayslake North High School
  • Middle/Junior School: Grayslake Middle School
  • Middle/Junior School District: 46

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.345
  • Lot Dimensions: 72X209X72X206
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

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

Tax Info

  • Tax Annual Amount: 19652
  • Tax Year: 2020
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2022
Closed on
Mar 28, 2022
Sold by
Holmes Andre K and Holmes Diana M
Bought by
Kiley Michael and Kiley Karen
Seller's Agent
John Worklan
Baird & Warner
Buyer's Agent
Brad McCreary
Keller Williams Infinity
List Price
$780,000
Sold Price
$747,500
Premium/Discount to List
-$32,500
-4.17%
Current Estimated Value
$810,454

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,954
Avg. Annual Appreciation
3.20%

Purchase Details

Listed on
May 24, 2016
Closed on
Jul 6, 2016
Sold by
Hermsen Bradley G and Hermsen Nanette L
Bought by
Holmes Andre K and Holmes Diana M
Seller's Agent
Cheryl Duhig
Baird & Warner
Buyer's Agent
John Worklan
Baird & Warner
List Price
$624,500
Sold Price
$600,000
Premium/Discount to List
-$24,500
-3.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.92%

Purchase Details

Closed on
Jul 14, 2005
Sold by
Horvath Robert F and Horvath Roberta A
Bought by
Hermsen Bradley G and Hermsen Nanette L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
6.01%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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
Kiley Michael $747,500 New Title Company Name
Holmes Andre K $600,000 Affinity Title Services Llc
Hermsen Bradley G $550,000 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hermsen Bradley $412,000
Previous Owner Hermsen Bradley G $417,000
Previous Owner Hermsen Bradley G $106,200
Previous Owner Hermsen Bradley G $440,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2022 03/31/22 Sold $747,500 -4.2% $188 / Sq Ft
03/05/2022 03/05/22 Pending -- -- --
02/23/2022 02/23/22 For Sale $780,000 +30.0% $196 / Sq Ft
07/11/2016 07/11/16 Sold $600,000 -3.9% $176 / Sq Ft
06/11/2016 06/11/16 Pending -- -- --
05/24/2016 05/24/16 For Sale $624,500 -- $184 / 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 $21,661 $225,329 $49,405 $175,924
2023 $20,419 $206,799 $45,342 $161,457
2022 $20,419 $189,805 $41,869 $147,936
2021 $20,250 $182,434 $40,243 $142,191
2020 $20,327 $173,405 $38,789 $134,616
2019 $19,653 $166,368 $37,215 $129,153
2018 $9,541 $159,190 $43,862 $115,328
2017 $19,019 $151,323 $41,259 $110,064
2016 $20,130 $154,185 $41,689 $112,496
2015 $18,761 $134,514 $38,086 $96,428
2014 $16,204 $116,992 $30,889 $86,103
2012 $15,875 $122,185 $32,260 $89,925
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11330730

Midwest Real Estate Data (MRED)

APN: 06-24-204-035