NOT LISTED FOR SALE

2542 N Cherry Cove Ln Round Lake Beach, IL 60073

Estimated Value: $385,000 - $412,000

4 Beds
2.5 Baths
2,193 Sq Ft
$179/Sq Ft Est. Value

Last Sold July 21, 2023

Last sale price $369,000 $168 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $2,974/month

8 Days on Market

Highlights

  • Open Floorplan
  • Deck
  • Formal Dining Room
  • Thompson Elementary School Rated A-
  • Vaulted Ceiling
  • Stainless Steel Appliances

About This Home

As of July 2023

Welcome home to this stunning completely remodeled 4 bedroom, 2.5 bathroom, 2-story home in a prime location! Step inside and be greeted by a stunning vaulted ceiling in the living room, featuring a double-sided fireplace, providing warmth and ambiance to both the living area and family room, perfect for a cozy reading nook or a formal dining area. The kitchen has been completely transformed with all new appliances, cabinets, and stunning quartz countertops, providing a sleek and modern space for culinary creations. On the first level, new luxury vinyl plank flooring adds both style and durability. Step out onto the newly painted deck in the backyard, surrounded by tall, mature trees that provide shade and privacy. This is the ultimate hangout spot. As you make your way upstairs, get ready to sink your feet into the plush new carpeting that guarantees ultimate comfort in all four bedrooms. From the walls to the ceilings, every inch of these bedrooms has been transformed to create a welcoming and rejuvenating space. The bathrooms have also been given a stunning makeover, featuring new flooring, tiled showers, elegant vanities, and brand new toilets. Every detail has been carefully considered, bringing a sleek and contemporary vibe to the space. Discover the untapped potential of the clean, unfinished basement. While it awaits your personal touch, the walls have already been drywalled, setting the stage for endless possibilities to create additional living space, a recreation area, or a home gym. This home is located in a great neighborhood and is in close proximity to schools, parks, shopping, and entertainment. Don't miss out on this opportunity to own a completely remodeled home in a fantastic location. Schedule a tour today!

Last Agent to Sell the Property

Carsten Schwab

Welcome Home Real Estate Group License #475197780 Listed on: 05/18/2023

Last Buyer's Agent

Hugo Araujo

Coldwell Banker Realty License #475175528

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,761

Year Built

  • Built in 1993 | Remodeled in 2023

Lot Details

  • Partially Fenced Property
  • Paved or Partially Paved Lot
  • Level Lot

Parking

  • 2 Car Attached Garage
  • Driveway
  • Parking Included in Price

Home Design

  • Asphalt Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,193 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Vaulted Ceiling
  • Skylights
  • Double Sided Fireplace
  • Gas Log Fireplace
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Formal Dining Room
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Flooring

  • Partially Carpeted
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • Walk-In Closet
  • Dual Sinks
  • No Tub in Bathroom
  • Separate Shower

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Deck

Schools

  • William L Thompson Elementary School
  • Peter J Palombi Middle School
  • Grayslake North High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,761

Year Built

Built in 1993 | Remodeled in 2023

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 1993
  • 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): Yes
  • Rehab Year: 2023
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2023

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s)
  • Basement: Full
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Double Sided, Gas Log
  • Fireplaces: 1
  • Interior Amenities: Vaulted/Cathedral Ceilings, Skylight(s), Wood Laminate Floors, First Floor Laundry, Walk-In Closet(s), Open Floorplan, Some Carpeting, Separate Dining Room
  • LivingArea: 2193
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 2193
  • Assessed Sq Ft: 3794
  • Basement Description: Partially Finished
  • Bathroom Amenities: Separate Shower,Double Sink,No Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 2193
  • Basement Sq Ft: 1130
  • Fireplace Location: Family Room,Living Room
  • Total Sq Ft: 3323
  • Unfinished Basement Sq Ft: 1130
  • Upper Level Sq Ft: 1063
  • Main Level Sq Ft: 1130
  • Flooring: Carpet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • ExteriorFeatures: Deck
  • Foundation Details: Concrete Perimeter
  • List Price: 369900
  • Lot Features: Level, Partial Fencing, Sidewalks, Streetlights
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Wood Siding

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Driveway
  • ParkingTotal: 2
  • Number of Cars: 4
  • Driveway: Asphalt
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heating: Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: William L Thompson School
  • High School: Grayslake North High School
  • Middle/Junior School: Peter J Palombi School
  • Middle/Junior School District: 41

Lot Info

  • Lot Dimensions: 8276
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 8760.52
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2023
Closed on
Jun 13, 2023
Sold by
Mbf Investments Inc
Bought by
Clark Maria and Clark Chad
Seller's Agent
Carsten Schwab
Welcome Home Real Estate Group
Buyer's Agent
Hugo Araujo
Coldwell Banker Realty
List Price
$379,900
Sold Price
$369,000
Premium/Discount to List
-$10,900
-2.87%
Views
80
Current Estimated Value
$393,156

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,156
Avg. Annual Appreciation
2.71%
Original Mortgage
$264,001
Interest Rate
7.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 9, 2022
Sold by
Sheriff Of Lake County
Bought by
Mbf Investments Inc

Purchase Details

Closed on
Jul 30, 2001
Sold by
Wilson Michael D and Wilson Mary Ann
Bought by
Andrews Phillip M and Andrews Christine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,915
Interest Rate
7.15%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 28, 1993
Sold by
Star Development Ltd Partnership
Bought by
Wilson Michael D and Wilson Mary Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7%
Source: Public Records

Range of Values:

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Average Value
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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
Clark Maria $216,000 Chicago Title
Mbf Investments Inc $216,000 Chicago Title
Andrews Phillip M $197,000 First American Title
Wilson Michael D $117,666 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Clark Maria $275,700
Closed Clark Maria $264,001
Previous Owner Andrews Phillip M $51,332
Previous Owner Andrews Phillip M $193,915
Previous Owner Wilson Michael D $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2023 07/21/23 Sold $369,000 -0.2% $168 / Sq Ft
05/27/2023 05/27/23 Pending -- -- --
05/26/2023 05/26/23 Price Changed $369,900 -2.6% $169 / Sq Ft
05/18/2023 05/18/23 For Sale $379,900 -- $173 / 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 $10,764 $107,809 $16,227 $91,582
2023 $8,761 $95,254 $14,337 $80,917
2022 $8,761 $81,601 $9,796 $71,805
2021 $8,472 $75,802 $9,100 $66,702
2020 $8,789 $73,373 $8,808 $64,565
2019 $8,878 $70,517 $8,465 $62,052
2018 $9,124 $70,835 $12,520 $58,315
2017 $9,133 $68,946 $12,186 $56,760
2016 $8,878 $66,155 $11,693 $54,462
2015 $8,714 $61,787 $10,921 $50,866
2014 $8,603 $63,440 $11,301 $52,139
2012 $7,904 $63,746 $11,356 $52,390
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11786474

Midwest Real Estate Data (MRED)

APN: 06-09-105-023