NOT LISTED FOR SALE

216 Fossil Cove Ln Wilmington, IL 60481

Estimated Value: $178,000 - $190,009

2 Beds
1 Bath
-- Sq Ft
4,356 Sq Ft Lot

Last Sold October 27, 2023

Last sale price $165,000

Est. 13% increase in value since last sale

Current estimated payment $1,265/month

26 Days on Market

Highlights

  • Lake Front
  • Boat Slip
  • Landscaped Professionally
  • Boat Dock
  • Gated Community
  • Community Lake

About This Home

As of October 2023

Sitting in a PREMIER spot, this lakefront property can be yours to enjoy this summer. Situated across from the nature trails, deer and other wild life bring out this picture perfect setting. Sellers have used the boat dock as a diving board or use the high grade ladder ($$$) for those of you who choose to ease in to the water. Oversized boat doc / fishing pier gives you plenty of space for entertaining, or just relaxing on your own. Back porch is partially composite decking, much easier maintenance. Spacious shed and space under the deck, gives you plenty of storage. Inside the park model, you have 2 Bedrooms plus a loft area. Master bedroom has built in drawers and cabinets, plus a TV center. 2nd bedroom has twin bunk beds. Add in the loft area, and you can sleep 6-8 comfortably. This property comes furnished as seen. Notes to remember: Retaining wall in 2022, some extra decking if buyer would like it. Deck and dock in 2018. Professional pictures in the next few days. This is a private gated community. We have miles of fresh water channels, lakes, and marshes all interconnecting. This is the place to fish, swim, or boat, where it can reach 42 feet deep in some areas. (BIG FISH POSSIBILITIES!) Wildlife is abundant as well. This association includes a club house, community pool, a separate sand beach, pavilion, dog park, volleyball and basketball area (other games as well). They offer plenty of family and group activities. Other important notes: Close to I55 & only 60 Mins. from Chicago. Only Electric Boats & Golf Carts allowed. Association Dues are on a tiered basis and depend on the time you spend at the property- . Dues include water, sewer and garbage. Buyer / Buyer's agent to call Shadow Lakes to verify all rules / info. Lot size and square footage is estimated.

Last Agent to Sell the Property

Diane Brannock

Hexagon Real Estate License #471011113 Listed on: 08/01/2023

Last Buyer's Agent

Diane Brannock

Hexagon Real Estate License #471011113 Listed on: 08/01/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,064

Year Built

  • Built in 2008

Lot Details

  • Lot Dimensions are 45 x 100 x 66 x 100
  • Lake Front
  • Property is adjacent to nature preserve
  • Landscaped Professionally
  • Paved or Partially Paved Lot

HOA Fees

  • $74 Monthly HOA Fees

Home Design

  • Asphalt Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • Vaulted Ceiling
  • Family or Dining Combination
  • Loft
  • Storm Screens

Kitchen

  • Range
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • Main Floor Bedroom
  • Bathroom on Main Level
  • 1 Full Bathroom

Parking

  • 4 Parking Spaces
  • Gravel Driveway
  • Uncovered Parking
  • Parking Included in Price

Outdoor Features

  • Tideland Water Rights
  • Boat Slip
  • Deck
  • Shed
  • Outdoor Grill

Location

  • Property is near a park

Schools

  • Reed-Custer High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Propane
  • Community Well

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include water, security, clubhouse, pool, scavenger, lake rights
  • Shadow Lakes Association, Phone Number (815) 458-3647
  • Shadow Lakes Subdivision
  • Property managed by Shadow Lakes
  • Community Lake

Recreation

  • Boat Dock
  • Community Pool

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,064

Year Built

Built in 2008

Lot Details

0

HOA Fees

$74 per month

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: Other
  • Ownership: Fee Simple w/ HO Assn.
  • New Construction: No
  • Property Sub-Type: Other
  • Subdivision Name: Shadow Lakes
  • Year Built: 2008
  • Age: 11-15 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • New Construction Y/N: No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Refrigerator
  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Vaulted/Cathedral Ceilings, First Floor Bedroom, First Floor Full Bath
  • Room Type: Deck, Loft
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ FamRm
  • Total Sq Ft: 0
  • Total Sq Ft: 0

Exterior Features

  • ExteriorFeatures: Deck, Boat Slip, Storms/Screens, Outdoor Grill
  • Foundation Details: Concrete Perimeter
  • List Price: 169900
  • Lot Features: Nature Preserve Adjacent, Lake Front, Landscaped
  • OtherStructures: Shed(s)
  • Roof: Asphalt
  • Waterfront: Yes
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • ParkingTotal: 4
  • Number of Cars: 4
  • Driveway: Gravel
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Propane, Forced Air
  • Water Source: Community Well

Condo/Co-op/Association

  • Association Fee: 883
  • Association Fee Frequency: Annually
  • Community Features: Clubhouse, Park, Pool, Lake, Dock, Water Rights, Gated, Street Paved
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Shadow Lakes
  • Management Contact Name: Shadow Lakes
  • Management Phone: 815-458-3647
  • ResoAssociationFeeFrequency: Annually

Fee Information

  • Association Fee Includes: Water, Security, Clubhouse, Pool, Scavenger, Lake Rights

Schools

  • High School: Reed-Custer High School
  • Middle/Junior School District: 255U

Lot Info

  • Lot Dimensions: 45 X 100 X 66 X 100
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 21
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 2063.64
  • Tax Year: 2022
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2023
Closed on
Oct 27, 2023
Sold by
Meinke Lloyd and Santos Pamela
Bought by
Olson Holly
Seller's Agent
Diane Brannock
Hexagon Real Estate
Buyer's Agent
Diane Brannock
Hexagon Real Estate
List Price
$175,000
Sold Price
$165,000
Premium/Discount to List
-$10,000
-5.71%
Views
157
Current Estimated Value
$186,502

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,502
Avg. Annual Appreciation
6.48%
Original Mortgage
$76,000
Outstanding Balance
$66,306
Interest Rate
8.25%
Mortgage Type
New Conventional
Estimated Equity
$120,196

Purchase Details

Closed on
Jan 23, 2012
Sold by
Meinke Lloyd and Santos Pamela
Bought by
Meinke Lloyd and Santos Pamela

Purchase Details

Closed on
Jun 1, 2007
Sold by
Galen Donald A and Kizman Galen Cheryl A
Bought by
Vanderschaaf Wilbert and Vanderschaaf Janine

Purchase Details

Closed on
Mar 15, 2002
Sold by
Semey Robert P and Semey Karen L
Bought by
Galen Donald A and Kisman Galen Cheryl A

Purchase Details

Closed on
Nov 3, 2001
Sold by
Semey Robert P and Semey Karen J
Bought by
Semey Robert P and Semey Karen J

Purchase Details

Closed on
Jun 7, 1999
Sold by
Witzke Brian K
Bought by
Semey Robert P and Semey Karen J

Purchase Details

Closed on
Nov 5, 1994
Sold by
American National Bk & Tr Co Of Chicago
Bought by
Witzke Brian K
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
Olson Holly $165,000 Fidelity National Title Insura
Meinke Lloyd -- None Available
Meinke Lloyd -- None Available
Vanderschaaf Wilbert $120,000 Fox Title Company
Galen Donald A $62,500 Ticor Title
Semey Robert P -- --
Semey Robert P $47,500 --
Witzke Brian K $43,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Olson Holly $76,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/27/2023 10/27/23 Sold $165,000 -2.9% --
08/28/2023 08/28/23 Pending -- -- --
08/18/2023 08/18/23 Price Changed $169,900 -2.9% --
08/06/2023 08/06/23 For Sale $175,000 0.0% --
08/06/2023 08/06/23 Off Market $175,000 -- --
08/01/2023 08/01/23 For Sale $175,000 -- --
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 $2,420 $44,018 $15,312 $28,706
2023 $2,420 $39,425 $13,714 $25,711
2022 $2,064 $35,776 $12,445 $23,331
2021 $1,986 $34,147 $11,878 $22,269
2020 $1,861 $32,351 $11,253 $21,098
2019 $1,741 $30,549 $10,626 $19,923
2018 $1,662 $29,233 $10,168 $19,065
2017 $1,626 $28,660 $9,969 $18,691
2016 $1,574 $27,717 $9,641 $18,076
2015 $1,511 $27,001 $9,392 $17,609
2014 $1,511 $27,001 $9,392 $17,609
2013 $1,511 $28,878 $10,045 $18,833
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11845665

Midwest Real Estate Data (MRED)

APN: 02-24-04-104-104