NOT LISTED FOR SALE

Estimated Value: $16,898 - $256,000

0.42 Acre
$246,745 Price per Acre
18,295 Sq Ft Lot

Last Sold May 06, 2022

Last sale price $13,000

Est. 523% increase in value since last sale

Current estimated payment $439/month

80 Days on Market

About This Lot

As of May 2022

Corner vacant lot with fabulous views of Lake Summerset! Walk to Southgate Marina. Plan for now or the future. Lot ownership permits access to all of Lake Summerset's amenities. With more than 2,300 year-round residents, Lake Summerset, a gated, lake community in Northwest Illinois, provides amazing amenities, easy access to several local communities and excellent investment opportunities for the lake enthusiast. Located on 1,550 acres of rolling hills and wooded areas, this family friendly, rural setting is perfect for young families, weekend lake devotees, second home owners and active retirees. Annual HOA will be $850.

Last Agent to Sell the Property

Karen Pioch

Real People Realty License #475165836 Listed on: 01/20/2022

Last Buyer's Agent

Non Member

NON MEMBER

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $424

Lot Details

  • Lot Dimensions are 88x205
  • Property fronts a private road

Utilities

  • Gas Available at Street

Community Details

Amenities

  • No Laundry Facilities

Recreation

  • Electricity Available at Street

Property Details

Property Type

Land

Est. Annual Taxes

$424

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Type: Land
  • Ownership: Fee Simple w/ HO Assn.
  • Current Use: Single Family
  • Road Surface Type: Gravel
  • General Information: School Bus Service
  • Actual Status: Closed
  • ResoPropertyType: Land
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Basement Description: None
  • Basement Bathrooms: No

Exterior Features

  • Frontage Type: Private Road
  • Waterfront: No

Garage/Parking

  • Number of Cars: 0

Utilities

  • Laundry Features: None
  • Utilities: Electric Nearby, Gas Nearby, Sanitary Sewer, Water-Community

Lot Info

  • Lot Dimensions: 88X205
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Building Info

  • Building(s) on Land: No

Tax Info

  • Tax Annual Amount: 424.12
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 20, 2022
Closed on
May 3, 2022
Sold by
Schonning Jeffrey E and Schonning Vicki R
Bought by
Beach David S
Seller's Agent
Karen Pioch
Real People Realty
Buyer's Agent
Non Member
NON MEMBER
List Price
$15,000
Sold Price
$13,000
Premium/Discount to List
-$2,000
-13.33%
Current Estimated Value
$80,963

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,963
Avg. Annual Appreciation
74.99%

Purchase Details

Listed on
May 31, 2017
Closed on
Jul 12, 2018
Sold by
Trust Agreement Dated The 16Th Of Decemb
Bought by
Schonning Jeffrey E and Schonning Vicki R
Seller's Agent
Jan Hering
Re/Max Property Source
Buyer's Agent
NON-NWIAR Member
NorthWest Illinois Alliance of REALTORS®
List Price
$14,900
Sold Price
$12,500
Premium/Discount to List
-$2,400
-16.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.02%

Purchase Details

Listed on
May 31, 2017
Closed on
Jul 6, 2018
Sold by
Trust Agreement Dated The 16Th Of Decemb
Bought by
Schonning Jeffrey E and Schonning Vicki R
Seller's Agent
Jan Hering
Re/Max Property Source
Buyer's Agent
NON-NWIAR Member
NorthWest Illinois Alliance of REALTORS®
List Price
$14,900
Sold Price
$12,500
Premium/Discount to List
-$2,400
-16.11%

Purchase Details

Listed on
May 31, 2017
Closed on
Jun 25, 2018
Sold by
Stojkovich D & L Trust
Bought by
Schonning Jeffrey E and Schonning Vicki R
Seller's Agent
Jan Hering
Re/Max Property Source
Buyer's Agent
NON-NWIAR Member
NorthWest Illinois Alliance of REALTORS®
List Price
$14,900
Sold Price
$12,500
Premium/Discount to List
-$2,400
-16.11%
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
Beach David S $13,000 Security First Title
Schonning Jeffrey E $12,500 Security First Title
Schonning Jeffrey E $12,500 Security First Title
Schonning Jeffrey E $12,500 Security First Title
Schonning Jeffrey E $12,500 Security First Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/06/2022 05/06/22 Sold $13,000 -13.3% --
04/11/2022 04/11/22 Pending -- -- --
01/20/2022 01/20/22 For Sale $15,000 +20.0% --
06/29/2018 06/29/18 Sold $12,500 -16.1% -- View Prior Sale
05/27/2018 05/27/18 Pending -- -- --
05/31/2017 05/31/17 For Sale $14,900 -- --
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 $244 $3,251 $3,251 --
2023 $222 $2,786 $2,786 $0
2022 $410 $5,027 $2,461 $2,566
2021 $425 $4,629 $2,266 $2,363
2020 $424 $4,454 $2,180 $2,274
2019 $419 $4,341 $2,125 $2,216
2018 $336 $3,257 $2,040 $1,217
2017 $209 $2,000 $2,000 $0
2016 $316 $2,836 $2,836 $0
2015 $316 $2,836 $2,836 $0
2014 $312 $2,836 $2,836 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11307696

Midwest Real Estate Data (MRED)

APN: 05-06-151-001