NOT LISTED FOR SALE

Estimated Value: $767,000 - $806,000

5 Beds
4.5 Baths
4,319 Sq Ft
$182/Sq Ft Est. Value

Last Sold February 06, 2024

Last sale price $660,000 $153 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $5,656/month

4 Days on Market

Highlights

  • Open Floorplan
  • Landscaped Professionally
  • Deck
  • North Barrington Elementary School Rated A
  • Community Lake
  • Property is near a park

About This Home

As of February 2024

Welcome to your slice of paradise in the coveted lake community of Tower Lakes! Nestled on an almost 1.5 acres wooded lot on a private cul-de-sac, this walkout ranch offers the perfect blend of serenity and luxury. As a member of this exclusive lake community, you'll have access to a host of recreational amenities, including a private beach, fishing spots, non-motorized boating, ice skating, and tennis/ pickleball. Enjoy a vibrant social calendar with events such as the 4th of July celebration, Chili Cookoff, Progressive Dinner, and more. The moment you step inside, the high ceilings and rustic beams welcome you into a home filled with natural light and warmth. The gourmet eat-in kitchen is a chef's dream, featuring a skylight, breakfast bar, and top-of-the-line stainless steel appliances, including Thermador double ovens and 5-burner cooktop, Bosch dishwasher, and a SubZero refrigerator. With miles of granite counters and ample cabinet space, this kitchen is a perfect blend of style and functionality, seamlessly flowing into the family room in an open floorplan. The living and dining areas are a sight to behold, boasting a floor-to-ceiling brick fireplace and walls of windows that frame the picturesque surroundings. The primary retreat is a true sanctuary, featuring a generously sized walk-in closet and en-suite spa-like bathroom (both with skylights), boasting double sinks and a spacious walk-in shower, providing the perfect escape at the end of a long day. Two additional bedrooms on the main level each come with their own private baths. There is a crow's nest just off of the kitchen which provides a distinctive and elevated vantage point, offering breathtaking views of the surrounding landscape. Multiple office spaces cater to the work-from-home lifestyle. The walkout basement is an entertainer's dream, featuring a large rec room with a fireplace, two additional bedrooms, a full bath, and a powder room. A dedicated office space and a wet bar complete this expansive lower level. Outdoor living spaces are equally impressive, with a beautiful deck off the back of the home and a flagstone patio with a firepit just outside the walkout basement. The homeowners have invested over $65K in the past 6 months - new carpet, two new furnaces, replacement of three skylights, new gutters, new front porch, and fresh exterior paint...just to name a few! Award winning Barrington 220 Schools! The current owner envisioned this as their "forever" home, but due to relocation and time constraints, the property is being conveyed as-is. Don't miss this rare opportunity to make this exceptional property your own!

Last Agent to Sell the Property

John Morrison

@properties Christie's International Real Estate License #471000101 Listed on: 01/04/2024

@properties Christie's International Real Estate

Co-Listed By

Tracy Covek

@properties Christie's International Real Estate License #475169055

Last Buyer's Agent

Samuel Lubeck

Baird & Warner License #475146587

Baird & Warner

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,042

Year Built

  • Built in 1976

Lot Details

  • 1.44 Acre Lot
  • Lot Dimensions are 274x227x280x274
  • Cul-De-Sac
  • Dog Run
  • Landscaped Professionally
  • Paved or Partially Paved Lot
  • Wooded Lot

HOA Fees

  • $67 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Driveway
  • Parking Included in Price

Home Design

  • 1.5-Story Property
  • Frame Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,319 Sq Ft Home
  • Open Floorplan
  • Wet Bar
  • Beamed Ceilings
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Wood Burning Fireplace
  • Attached Fireplace Door
  • Mud Room
  • Entrance Foyer
  • Living Room with Fireplace
  • 2 Fireplaces
  • Combination Dining and Living Room
  • Home Office
  • Recreation Room
  • Loft
  • Carbon Monoxide Detectors
  • Granite Countertops

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • In-Law or Guest Suite
  • Bathroom on Main Level

Laundry

  • Laundry on main level
  • Sink Near Laundry

Finished Basement

  • Walk-Out Basement
  • Exterior Basement Entry
  • Sump Pump
  • Fireplace in Basement
  • Bedroom in Basement
  • Recreation or Family Area in Basement
  • Finished Basement Bathroom
  • Crawl Space
  • Basement Storage

Outdoor Features

  • Tideland Water Rights
  • Deck
  • Patio

Location

  • Property is near a park

Schools

  • North Barrington Elementary Scho
  • Barrington Middle School-Station
  • Barrington High School

Utilities

  • Forced Air Heating and Cooling System
  • Two Heating Systems
  • Heating System Uses Natural Gas
  • Community Well
  • Private or Community Septic Tank

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include insurance, scavenger, lake rights
  • Julie Losinski Dues@Tlia.Org Association
  • Tower Lakes Subdivision
  • Property managed by TLIA
  • Community Lake

Recreation

  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,042

Year Built

Built in 1976

Lot Details

0

HOA Fees

$67 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1.5 Story
  • Ownership: Fee Simple w/ HO Assn.
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Property Sub-Type: 1.5 Story
  • Subdivision Name: Tower Lakes
  • Year Built: 1976
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Walkout
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bathrooms: 5
  • Total Bedrooms: 5
  • Fireplace Features: Wood Burning, Attached Fireplace Doors/Screen
  • Fireplaces: 2
  • Interior Amenities: Vaulted/Cathedral Ceilings, Skylight(s), Bar-Wet, Hardwood Floors, Wood Laminate Floors, First Floor Bedroom, In-Law Arrangement, First Floor Laundry, First Floor Full Bath, Walk-In Closet(s), Beamed Ceilings, Open Floorplan, Granite Counters
  • LivingArea: 4319
  • Other Equipment: CO Detectors, Ceiling Fan(s), Sump Pump
  • Room Type: Office, Bedroom 5, Foyer, Den, Mud Room, Recreation Room, Loft
  • Estimated Total Finished Sq Ft: 4319
  • Basement Description: Finished,Crawl,Exterior Access,Rec/Family Area,Sleeping Area,Storage Space
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 4319
  • Fireplace Location: Living Room,Basement
  • Total Sq Ft: 4319
  • Upper Level Sq Ft: 159
  • Main Level Sq Ft: 2818
  • Lower Level Sq Ft: 1342
  • ResoLivingAreaSource: Estimated

Exterior Features

  • ExteriorFeatures: Deck, Patio, Dog Run
  • Foundation Details: Concrete Perimeter
  • List Price: 649500
  • Lot Features: Cul-De-Sac, Landscaped, Wooded
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

  • Garage Spaces: 3
  • ParkingTotal: 3
  • Driveway: Asphalt
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Septic-Private
  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heating: Natural Gas, Forced Air, Sep Heating Systems - 2+
  • Laundry Features: Sink
  • Water Source: Community Well

Condo/Co-op/Association

  • Association Fee: 800
  • Association Fee Frequency: Annually
  • Community Features: Park, Tennis Court(s), Lake, Water Rights, Street Paved
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: TLIA
  • Management Contact Name: Julie Losinski - dues@tlia.org
  • Management Phone: 000-000-0000X00000
  • ResoAssociationFeeFrequency: Annually

Fee Information

  • Association Fee Includes: Insurance, Scavenger, Lake Rights, Other

Schools

  • Elementary School: North Barrington Elementary Scho
  • High School: Barrington High School
  • Middle/Junior School: Barrington Middle School-Station
  • Middle/Junior School District: 220

Lot Info

  • Lot Size Acres: 1.4407
  • Lot Dimensions: 274X227X280X274
  • Lot Size: 1.0-1.99 Acres
  • Special Assessments: Y

Rental Info

  • Board Number: 2
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 15041.98
  • Tax Year: 2022
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2024
Closed on
Feb 1, 2024
Sold by
Lombardi James Guy and Lombardi Catherine Anne
Bought by
Schorsch Margaret
Seller's Agent
John Morrison
@properties Christie's International Real Estate
Buyer's Agent
Samuel Lubeck
Baird & Warner
List Price
$649,500
Sold Price
$660,000
Premium/Discount to List
$10,500
1.62%
Views
222
Current Estimated Value
$787,550

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$127,550
Avg. Annual Appreciation
11.38%
Original Mortgage
$528,000
Outstanding Balance
$519,331
Interest Rate
7%
Mortgage Type
New Conventional
Estimated Equity
$268,219

Purchase Details

Listed on
Mar 30, 2023
Closed on
May 15, 2023
Sold by
Peterson Bruce W and Peterson Gale L
Bought by
Lombardi James Guy and Lombardi Catherine Anne
Seller's Agent
Betsy Spicer-Brookbank
Keller Williams Success Realty
Buyer's Agent
Pam Jacobs
@properties Christie's International Real Estate
List Price
$589,000
Sold Price
$627,500
Premium/Discount to List
$38,500
6.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.37%
Original Mortgage
$484,800
Interest Rate
6.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 30, 2004
Sold by
Sills Peter C and Sills Danette P
Bought by
Peterson Bruce W and Peterson Gale L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
3.97%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Dec 9, 1994
Sold by
Walker Douglas T and Walker Juliana
Bought by
Sills Peter C and Sills Danette R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,000
Interest Rate
9.24%
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
Schorsch Margaret $660,000 Proper Title
Lombardi James Guy $627,500 Usi
Peterson Bruce W $675,000 Ticor
Sills Peter C $327,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schorsch Margaret $528,000
Previous Owner Lombardi James Guy $484,800
Previous Owner Peterson Bruce W $540,000
Previous Owner Sills Peter C $227,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/06/2024 02/06/24 Sold $660,000 +1.6% $153 / Sq Ft
01/09/2024 01/09/24 Pending -- -- --
01/04/2024 01/04/24 For Sale $649,500 +3.5% $150 / Sq Ft
05/22/2023 05/22/23 Sold $627,500 +6.5% $145 / Sq Ft
04/07/2023 04/07/23 Pending -- -- --
03/30/2023 03/30/23 For Sale $589,000 -- $136 / Sq Ft
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 $16,952 $232,056 $39,635 $192,421
2023 $15,042 $211,499 $36,124 $175,375
2022 $15,042 $186,105 $40,868 $145,237
2021 $14,800 $182,940 $40,173 $142,767
2020 $14,453 $182,375 $40,049 $142,326
2019 $13,938 $177,563 $38,992 $138,571
2018 $12,368 $160,342 $46,823 $113,519
2017 $12,267 $157,121 $45,882 $111,239
2016 $11,385 $151,194 $44,151 $107,043
2015 $10,875 $141,807 $41,410 $100,397
2014 $11,198 $141,405 $45,317 $96,088
2012 $10,853 $143,836 $46,096 $97,740
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11955589

Midwest Real Estate Data (MRED)

APN: 13-03-401-003