$157,000
$3K PRICE DROP

220 Fossil Cove Ln Wilmington, IL 60481

Estimated payment $1,195/month

Total Views 46,274
2 Beds
1 Bath
620 Sq Ft
$253 Price per Sq Ft

Highlights

  • Water Views
  • Gated Community
  • Property fronts a channel
  • Boat Slip
  • Lake Privileges
  • Community Lake

About This Home

This waterfront two-bedroom with sunroom offers breathtaking views of nature across the lake. The sunroom is lined with an abundance of windows. 2nd bedroom has been retrofitted with washer and dryer, but could be removed. This home provides an inviting and private lakeside retreat with a cement sea wall and boat dock. On the side yard, is a concrete patio area used for a small outdoor dinette. Wooden deck with beautiful built in wooded benches sits overlooking the water as well. Large shed and landscaped yard to enjoy as well. 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, 2 community pools, 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.

Listing Agent

Diane Brannock

Hexagon Real Estate License #471011113 Listed on: 11/09/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,858

Year Built

  • Built in 1998

Lot Details

  • Lot Dimensions are 45x100
  • Property fronts a channel
  • Paved or Partially Paved Lot

HOA Fees

  • $163 Monthly HOA Fees

Interior Spaces

  • 620 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Living Room
  • Dining Room
  • Sun or Florida Room
  • Water Views
  • Range
  • Laundry Room

Bedrooms and Bathrooms

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

Parking

  • 3 Parking Spaces
  • Driveway
  • Off-Street Parking
  • Parking Included in Price

Outdoor Features

  • Tideland Water Rights
  • Boat Slip
  • Lake Privileges
  • Deck
  • Fire Pit
  • Shed

Location

  • Property is near a park

Utilities

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

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

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

Recreation

  • Community Pool

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,858

Year Built

Built in 1998

Lot Details

0

HOA Fees

$163 per month

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple w/ HO Assn.
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Subdivision Name: Shadow Lakes
  • Year Built: 1998
  • Age: 26-30 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service
  • 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, Refrigerator
  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Cathedral Ceiling(s), 1st Floor Bedroom, 1st Floor Full Bath
  • LivingArea: 620
  • Room Type: Sun Room
  • Estimated Total Finished Sq Ft: 0
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Estimated

Exterior Features

  • Construction Materials: Vinyl Siding
  • ExteriorFeatures: Boat Slip, Fire Pit, Dock
  • List Price: 157000
  • Lot Features: Channel Front, Wetlands, Water Rights, Views
  • OtherStructures: Shed(s)
  • Patio And Porch Features: Deck
  • View: Water
  • Waterfront Features: Lake Privileges, Waterfront
  • Waterfront: Yes

Garage/Parking

  • Parking Features: Asphalt, Off Street, On Site, Owned
  • ParkingTotal: 3

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, Wall Unit(s)
  • Heating: Propane, Forced Air
  • Laundry Features: Main Level, In Unit
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 1952
  • Association Fee Frequency: Annually
  • Community Features: Clubhouse, Park, Pool, Lake, 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, Clubhouse, Pool, Scavenger, Lake Rights, Other

Schools

  • Middle/Junior School District: 255U

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 45X100
  • Rural (Y/N): Y
  • 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: 1858
  • Tax Year: 2023
  • Tax Exemptions: Homeowner

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
2023 $2,066 $34,653 $13,714 $20,939
2022 $1,767 $31,446 $12,445 $19,001
2021 $1,698 $30,014 $11,878 $18,136
2020 $1,586 $28,435 $11,253 $17,182
2019 $1,480 $26,851 $10,626 $16,225
2018 $1,411 $25,694 $10,168 $15,526
2017 $1,378 $25,191 $9,969 $15,222
2016 $1,333 $24,362 $9,641 $14,721
2015 $1,277 $23,733 $9,392 $14,341
2014 $1,277 $23,733 $9,392 $14,341
2013 $1,277 $25,383 $10,045 $15,338
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/08/2025 03/08/25 Price Changed $157,000 -1.9% $253 / Sq Ft
11/20/2024 11/20/24 For Sale $160,000 +77.8% $258 / Sq Ft
11/01/2019 11/01/19 Sold $90,000 -17.7% $150 / Sq Ft
10/21/2019 10/21/19 Pending -- -- --
09/21/2019 09/21/19 For Sale $109,400 0.0% $182 / Sq Ft
08/30/2019 08/30/19 Pending -- -- --
08/20/2019 08/20/19 Price Changed $109,400 -2.2% $182 / Sq Ft
08/03/2019 08/03/19 Price Changed $111,900 -1.8% $187 / Sq Ft
07/12/2019 07/12/19 Price Changed $113,900 -0.9% $190 / Sq Ft
06/29/2019 06/29/19 Price Changed $114,900 -4.2% $192 / Sq Ft
06/18/2019 06/18/19 For Sale $119,900 -- $200 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $90,000 Fidelity National Title
Warranty Deed $115,000 Fidelity National Title
Warranty Deed $82,000 Atg
Joint Tenancy Deed $38,500 --
Trustee Deed $37,000 --
Quit Claim Deed -- --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $70,000 Commercial
Closed $63,000 Commercial
Previous Owner $92,000 New Conventional
Previous Owner $45,000 Unknown
Previous Owner $30,800 Seller Take Back
Source: Public Records

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Source: Midwest Real Estate Data (MRED)

MLS Number: 12207284

Midwest Real Estate Data (MRED)

APN: 24-04-104-100