NOT LISTED FOR SALE

2240 Somerset Ln Mundelein, IL 60060

Town and Country Neighborhood

Estimated Value: $504,000 - $551,000

4 Beds
3 Baths
2,436 Sq Ft
$217/Sq Ft Est. Value

About This Home

This home is located at 2240 Somerset Ln, Mundelein, IL 60060 and is currently estimated at $527,498, approximately $216 per square foot. 2240 Somerset Ln is a home located in Lake County with nearby schools including Fremont Elementary School, Fremont Intermediate School, and Fremont Jr High/Middle School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 8, 2019
Sold by
Schwarz David M and Schwarz Kendra
Bought by
Schwarz David M and Schwarz Kendra S
Current Estimated Value
$527,498

Purchase Details

Closed on
Nov 5, 2004
Sold by
Divenere Dino A and Divenere Donna
Bought by
Schwarz David M and Schwarz Kendra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,500
Outstanding Balance
$86,313
Interest Rate
5.82%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$441,186

Purchase Details

Closed on
May 1, 1996
Sold by
Harris Bank Hinsdale
Bought by
Divenere Dino A and Divenere Donna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
7.97%
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.

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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.

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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.

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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.

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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
Schwarz David M -- None Available
Schwarz David M $367,500 First American Title
Divenere Dino A $219,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schwarz David M $172,500
Previous Owner Divenere Dino A $180,000
Source: Public Records

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 $10,290 $132,117 $32,909 $99,208
2023 $10,026 $121,053 $30,153 $90,900
2022 $10,026 $115,293 $31,079 $84,214
2021 $9,582 $111,254 $29,990 $81,264
2020 $9,607 $108,193 $29,165 $79,028
2019 $9,286 $104,635 $28,206 $76,429
2018 $9,156 $104,365 $28,145 $76,220
2017 $9,127 $101,080 $27,259 $73,821
2016 $8,852 $96,001 $25,889 $70,112
2015 $8,690 $89,998 $24,270 $65,728
2014 $8,369 $87,200 $23,089 $64,111
2012 $8,439 $87,974 $23,294 $64,680
Source: Public Records

Map

Illinois Lake County Mundelein 60060 Town and Country

2240 Somerset Ln, Mundelein, IL

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