NOT LISTED FOR SALE

240 Fossil Cove Ln Wilmington, IL 60481

Estimated Value: $81,000 - $177,000

1 Bed
1 Bath
400 Sq Ft
$326/Sq Ft Est. Value

Last Sold July 26, 2024

Last sale price $127,000 $318 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $1,023/month

23 Days on Market

Highlights

  • Boat Dock
  • Waterfront
  • Clubhouse
  • Gated Community
  • Community Lake
  • Property is near a park

About This Home

As of July 2024

Stunning Waterfront Property Half a Block from the Beach! Welcome to your dream home located on the main canal, offering breathtaking waterfront views and easy access to the lake. This gem features newer flooring throughout, providing a fresh and modern feel to the space. This home can sleep up to 10 people - 2 on sleeper sofa, 2 in master bedroom, at least 2 in first loft and at least 2 in 2nd loft. Key Features: Prime Location: Situated just half a block from the beach, you can enjoy the sun, sand anytime. Waterfront Living: Located on the main canal, perfect for boating enthusiasts and those who love water views. Updated Interior: Enjoy the comfort of newer flooring on the main living area that adds a touch of elegance to every room. Spacious Layout: Designed for both relaxation and entertaining, this home offers ample space for all your needs. Proximity to Amenities: Close to local shops, restaurants, and entertainment options, providing convenience at your doorstep. Interstate access is minutes away. Outdoor Living at Its Best: Enjoy your evenings in a beautiful metal gazebo with curtains and screens, perfect for relaxing or entertaining guests in style. Modern Connectivity: Stay connected with high-speed internet, ensuring seamless remote work and entertainment options. Effortless Living: Experience the ease of low-maintenance living, allowing you more time to enjoy the numerous recreational activities available. Waterfront Activities: Indulge in boating, paddleboating, swimming, and fishing right from your doorstep, embracing an active lifestyle on the water. Exclusive Community Perks: Live in a secure, gated community that features a clubhouse, pool, private beach, nature trails, and much more. Proximity to Nature: Enjoy tranquil walks on scenic nature trails, providing a perfect escape into the beauty of the outdoors. Pontoon, boat trailer, paddleboat and all furniture is included. Don't miss this rare opportunity to own a piece of paradise. Whether you're looking for a permanent residence or a vacation home this waterfront beauty is sure to impress.

Last Agent to Sell the Property

Deborah Pettenuzzo

RE/MAX Ultimate Professionals License #475124754 Listed on: 05/28/2024

RE/MAX Ultimate Professionals

Last Buyer's Agent

Diane Brannock

Hexagon Real Estate License #471011113

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,869

Lot Details

  • Lot Dimensions are 40x70
  • Waterfront
  • Paved or Partially Paved Lot

HOA Fees

  • $163 Monthly HOA Fees

Home Design

  • Vinyl Siding

Interior Spaces

  • 400 Sq Ft Home
  • 1-Story Property
  • Blinds
  • Sliding Doors
  • Family Room
  • Living Room
  • Dining Room
  • Loft
  • Laundry Room

Flooring

  • Partially Carpeted
  • Laminate

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Potential Bedroom
  • Bathroom on Main Level
  • 1 Full Bathroom

Parking

  • 3 Parking Spaces
  • Uncovered Parking
  • Parking Included in Price

Outdoor Features

  • Tideland Water Rights
  • Docks
  • Gazebo
  • Shed

Location

  • Property is near a park

Utilities

  • Central Air
  • Heating System Uses Propane

Community Details

Overview

  • Association fees include security, clubhouse, pool, scavenger, snow removal, lake rights
  • Shadow Lakes Subdivision
  • Community Lake

Recreation

  • Boat Dock
  • Community Pool

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,869

Lot Details

0

HOA Fees

$163 per month

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Subdivision Name: Shadow Lakes
  • Age: Unknown
  • 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
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Interior Amenities: Wood Laminate Floors, First Floor Bedroom, First Floor Full Bath, Some Carpeting, Some Window Treatment, Drapes/Blinds
  • LivingArea: 400
  • Room Type: Loft
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • Door Features: Sliding Glass Door(s)
  • Window Features: Blinds
  • Flooring: Carpet

Exterior Features

  • List Price: 129000
  • OtherStructures: Gazebo, Shed(s), Boat Dock
  • Waterfront: Yes
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • ParkingTotal: 3
  • Parking: Space/s
  • Parking On-Site: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Propane
  • 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
  • ResoAssociationFeeFrequency: Annually

Fee Information

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

Schools

  • Middle/Junior School District: 255U

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 40X70
  • Rural (Y/N): N
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 17
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 1869
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2024
Closed on
Jul 24, 2024
Sold by
Wildy Christopher L
Bought by
Jackson Kenneth L
Seller's Agent
Deborah Pettenuzzo
RE/MAX Ultimate Professionals
Buyer's Agent
Diane Brannock
Hexagon Real Estate
List Price
$129,000
Sold Price
$127,000
Premium/Discount to List
-$2,000
-1.55%
Views
57
Current Estimated Value
$130,365

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,365
Avg. Annual Appreciation
2.17%

Purchase Details

Listed on
Jun 21, 2019
Closed on
Jul 10, 2019
Sold by
Chang Alexander and Chang Poi
Bought by
Wildy Christopher L
Seller's Agent
Kimberly Engelhardt
Lori Bonarek Realty
Buyer's Agent
Deborah Pettenuzzo
RE/MAX Ultimate Professionals
List Price
$79,999
Sold Price
$76,500
Premium/Discount to List
-$3,499
-4.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.56%

Purchase Details

Closed on
Sep 30, 1997
Sold by
American National Bk & Tr Co Of Chicago
Bought by
Chang Alexander and Chang Poi
Source: Public Records

Range of Values:

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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
Jackson Kenneth L $127,000 Fidelity National Title Insura
Wildy Christopher L $76,500 Chicago Title
Chang Alexander $24,500 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/26/2024 07/26/24 Sold $127,000 -1.6% $318 / Sq Ft
06/21/2024 06/21/24 Pending -- -- --
05/28/2024 05/28/24 For Sale $129,000 +68.6% $323 / Sq Ft
07/11/2019 07/11/19 Sold $76,500 -4.4% -- View Prior Sale
06/24/2019 06/24/19 Pending -- -- --
06/21/2019 06/21/19 For Sale $79,999 -- --
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 $2,016 $29,934 $15,045 $14,889
2023 $2,016 $26,810 $13,475 $13,335
2022 $1,869 $24,329 $12,228 $12,101
2021 $1,643 $23,221 $11,671 $11,550
2020 $1,579 $22,000 $11,057 $10,943
2019 $746 $10,441 $10,441 $0
2018 $721 $9,991 $9,991 $0
2017 $708 $9,795 $9,795 $0
2016 $692 $9,473 $9,473 $0
2015 $670 $9,228 $9,228 $0
2014 $670 $9,228 $9,228 $0
2013 $670 $9,869 $9,869 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12067752

Midwest Real Estate Data (MRED)

APN: 02-24-04-104-036