NOT LISTED FOR SALE

Estimated Value: $34,000 - $93,000

0.56 Acre
$113,393 Price per Acre
24,394 Sq Ft Lot

Last Sold July 14, 2023

Last sale price $5,500

Est. 927% increase in value since last sale

Current estimated payment $385/month

140 Days on Market

Highlights

  • Gated Community
  • Durand Elementary School Rated A-
  • Level Lot

About This Lot

As of July 2023

VERY NICE LARGE, OVER 1/2 ACRE BUILDABLE LOT IN DESIRABLE LAKE SUMMERSET. BUILD YOUR DREAM HOME OR JUST ENJOY ALL THE AMENITIES THIS GATED COMMUNITY HAS TO OFFER: 285 ACRE LAKE WITH BOATING, FISHING, KAYAKING, 2 BEACHES, MARINA, POOL, ARCHERY RANGE, CAMPGROUND & MORE...

Last Agent to Sell the Property

Tammy DeMus

Best Realty License #475182472 Listed on: 01/20/2023

Last Buyer's Agent

Don Morgan

Morgan Realty, Inc. License #471013558

Property Details

Property Type

  • Land

Lot Details

  • 0.56 Acre Lot
  • Level Lot

HOA Fees

  • $78 Monthly HOA Fees

Schools

  • Durand Elementary And Middle School
  • Durand High School

Community Details

  • Gated Community

Property Details

Property Type

Land

Lot Details

0

HOA Fees

$78 per month

Listing Details

  • Class: LAND
  • Front: 91.79
  • General Features: County Taxes
  • Hoa Fee Frequency: Yearly
  • Legal Description: CORRECTED FINAL PLAT 2 OF LAKE SUMMERSET - BAINBRIDGE SEC 8 LOT 2135
  • Lot Acreage: 0.56
  • Lvt Date: 01/20/2023
  • Rear: 120.96
  • Type: Land
  • Buildable Lot: Yes
  • Side L: 215.14
  • Side R: 205.23
  • Agent Only_ L A1 User Code: 110405
  • Elementary School: Durand
  • Hold Earnest Money Y N: Yes
  • Pertinent Facts: VERY NICE LARGE, OVER 1/2 ACRE BUILDABLE LOT IN DESIRABLE LAKE SUMMERSET. BUILD YOUR DREAM HOME OR JUST ENJOY ALL THE AMENITIES THIS GATED COMMUNITY HAS TO OFFER: 285 ACRE LAKE WITH BOATING, FISHING, KAYAKING, 2 BEACHES, MARINA, POOL, ARCHERY RANGE, CAMPGROUND & MORE...
  • Designated Managing Broker Y N: No
  • Special Features: None
  • Property Sub Type: LotsLands

Utilities

  • Sewer: City/Community
  • Water: City/Community

Condo/Co-op/Association

  • HOA Fees: 932

Lot Info

  • Topography: Level
  • Land Features: Gated Community

Tax Info

  • Year: 2021
  • Taxes: 52

MLS Schools

  • HighSchool: Durand
  • School District: Durand
  • Middle School: Durand

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 20, 2023
Closed on
Jul 14, 2023
Sold by
Richardson Brad
Bought by
Bargar Jeffery
Seller's Agent
Tammy DeMus
Best Realty
Buyer's Agent
Don Morgan
Morgan Realty, Inc.
List Price
$8,000
Sold Price
$5,500
Premium/Discount to List
-$2,500
-31.25%
Views
14
Current Estimated Value
$56,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,000
Avg. Annual Appreciation
172.53%

Purchase Details

Listed on
Apr 26, 2022
Closed on
Oct 4, 2022
Sold by
Brad Angela and Brad Ioan B
Bought by
Richardson Brad
Seller's Agent
John Broda
Epique Realty
Buyer's Agent
John Broda
Epique Realty
List Price
$5,000
Sold Price
$3,500
Premium/Discount to List
-$1,500
-30%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
79.86%

Purchase Details

Closed on
Jul 31, 2005
Bought by
Brad Ioan B and Brad Angela
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Bargar Jeffery $5,500 Security First Title
Richardson Brad $3,500 --
Brad Ioan B $43,900 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/14/2023 07/14/23 Sold $5,500 -31.3% --
06/09/2023 06/09/23 Pending -- -- --
01/20/2023 01/20/23 For Sale $8,000 +128.6% --
10/06/2022 10/06/22 Sold $3,500 -30.0% -- View Prior Sale
09/01/2022 09/01/22 Pending -- -- --
04/26/2022 04/26/22 For Sale $5,000 -- --
Source: NorthWest Illinois Alliance of REALTORS®

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 $116 $1,526 $1,526 --
2023 $106 $1,308 $1,308 $0
2022 $50 $604 $604 $0
2021 $52 $556 $556 $0
2020 $52 $535 $535 $0
2019 $51 $521 $521 $0
2018 $124 $1,189 $1,189 $0
2017 $124 $1,166 $1,166 $0
2016 $160 $1,418 $1,418 $0
2015 $80 $1,418 $1,418 $0
2014 $158 $1,418 $1,418 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202300315

NorthWest Illinois Alliance of REALTORS®

APN: 05-07-103-006