270 Lake Gillilan Way Algonquin, IL 60102
Estimated Value: $492,000 - $522,065
4
Beds
3.5
Baths
3,325
Sq Ft
$153/Sq Ft
Est. Value
Highlights
- Waterfront
- Community Lake
- Recreation Room
- Algonquin Lakes Elementary School Rated A-
- Property is near a park
- Vaulted Ceiling
About This Home
As of December 2023In the heart of Algonquin Lakes subdivision, where Nature meets Home, sits a 4-bed, 3 1/2 bath retreat Summerhill model single-family home. Nestled by a tranquil lake, offering a picturesque backdrop that will steal your heart. An open concept living space with high ceilings, large windows and plenty of natural light. Step inside and be greeted by a stunning 2-story foyer, setting the tone for elegance throughout. The kitchen is a true delight, featuring beautiful 42" cabinets, sleek Corian countertops, a convenient double oven, and inviting hardwood floors. Enjoy meals at the breakfast bar or in the cozy eat-in area, which leads to a charming patio where you can take in the peaceful lake views. Relax in the spacious family room, complete with a cozy gas fireplace and more of those gorgeous hardwood floors. A versatile room on the first floor is perfect for an office or playroom, providing flexibility to suit your needs. Upstairs, the master suite is a dream come true. Tray ceilings add a touch of luxury, while the sitting room offers a quiet escape. The master bath is a spa-like oasis, featuring a soaking tub, a separate shower, and a double vanity. The fully finished basement is a haven of entertainment, with a large rec room, a handy wet bar, a game room, and even a bonus room that could be an office or storage space. Outside, the fenced yard offers privacy and space to play. Recent upgrades include a newer roof replaced in 2018, ensuring peace of mind for years to come. This home is a true gem in an unbeatable location, and opportunities like this don't last long. Don't miss out on making this wonderful property your own!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $11,205
Year Built
- Built in 2002
Lot Details
- 10,315 Sq Ft Lot
- Lot Dimensions are 75 x 134
- Waterfront
- Fenced Yard
- Paved or Partially Paved Lot
Parking
- 3 Car Attached Garage
- Garage Transmitter
- Garage Door Opener
- Driveway
- Parking Included in Price
Home Design
- Asphalt Roof
- Concrete Perimeter Foundation
Interior Spaces
- 3,325 Sq Ft Home
- 2-Story Property
- Wet Bar
- Vaulted Ceiling
- Ceiling Fan
- Gas Log Fireplace
- Family Room with Fireplace
- Sitting Room
- Formal Dining Room
- Den
- Recreation Room
- Bonus Room
- Game Room
- Wood Flooring
- Water Views
Kitchen
- Breakfast Bar
- Built-In Double Oven
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
- Dual Sinks
- Soaking Tub
- Separate Shower
Laundry
- Laundry on main level
- Dryer
- Washer
Finished Basement
- Basement Fills Entire Space Under The House
- Sump Pump
- Finished Basement Bathroom
Home Security
- Storm Screens
- Carbon Monoxide Detectors
Outdoor Features
- Patio
- Shed
Location
- Property is near a park
Schools
- Algonquin Lakes Elementary Schoo
- Algonquin Middle School
- Dundee-Crown High School
Utilities
- Forced Air Heating and Cooling System
- Humidifier
- Heating System Uses Natural Gas
Community Details
- Algonquin Lakes Subdivision, Summerhill Floorplan
- Community Lake
Listing and Financial Details
- Homeowner Tax Exemptions
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 9, 2023
Closed on
Dec 7, 2023
Sold by
Shterev Georgi and Shterev Slavka
Bought by
Silva Daniel A Morales and Morales Marisa
Seller's Agent
Vladimir Rusev
Coldwell Banker Realty
Buyer's Agent
Oscar Brand
RE/MAX City
List Price
$505,000
Sold Price
$460,000
Premium/Discount to List
-$45,000
-8.91%
Total Days on Market
65
Views
434
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,516
Avg. Annual Appreciation
5.64%
Original Mortgage
$368,000
Outstanding Balance
$362,840
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$134,181
Purchase Details
Listed on
Feb 28, 2018
Closed on
May 7, 2018
Sold by
Lu Kan and Shi Nancy Guan
Bought by
Shterev Georgi and Ivanon Slavka
Seller's Agent
Tracy McBreen
@properties Christie's International Real Estate
Buyer's Agent
Tania Mihaylova
REMAX Legends
List Price
$319,900
Sold Price
$315,000
Premium/Discount to List
-$4,900
-1.53%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.00%
Original Mortgage
$299,250
Interest Rate
4.4%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 1, 2002
Sold by
Realen Homes Lp
Bought by
Lu Kan and Shi Nancy Guan
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.92%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Similar Homes in Algonquin, IL
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Silva Daniel A Morales | $460,000 | None Listed On Document | |
| Shterev Georgi | $315,000 | Attorneys Title Guaranty Fun | |
| Lu Kan | $335,702 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Silva Daniel A Morales | $368,000 | |
| Previous Owner | Shterev Georgi | $299,250 | |
| Previous Owner | Lu Kan | $200,000 | |
| Previous Owner | Lu Kan | $100,000 | |
| Previous Owner | Lu Kan | $250,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/20/2023 12/20/23 | Sold | $460,000 | -5.7% | $138 / Sq Ft |
| 10/14/2023 10/14/23 | Pending | -- | -- | -- |
| 09/22/2023 09/22/23 | Price Changed | $488,000 | -1.2% | $147 / Sq Ft |
| 09/14/2023 09/14/23 | Price Changed | $494,000 | -2.2% | $149 / Sq Ft |
| 08/09/2023 08/09/23 | For Sale | $505,000 | +60.3% | $152 / Sq Ft |
| 05/15/2018 05/15/18 | Sold | $315,000 | 0.0% | $95 / Sq Ft |
| 04/06/2018 04/06/18 | Pending | -- | -- | -- |
| 04/04/2018 04/04/18 | Price Changed | $315,000 | -1.5% | $95 / Sq Ft |
| 02/28/2018 02/28/18 | For Sale | $319,900 | -- | $96 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2023 | $10,932 | $138,588 | $23,888 | $114,700 |
| 2022 | $11,205 | $136,661 | $25,295 | $111,366 |
| 2021 | $10,765 | $127,316 | $23,565 | $103,751 |
| 2020 | $10,489 | $122,809 | $22,731 | $100,078 |
| 2019 | $10,242 | $117,543 | $21,756 | $95,787 |
| 2018 | $10,570 | $121,890 | $22,571 | $99,319 |
| 2017 | $10,339 | $114,828 | $21,263 | $93,565 |
| 2016 | $10,169 | $107,699 | $19,943 | $87,756 |
| 2013 | -- | $101,984 | $18,604 | $83,380 |
Source: Public Records
Agents Affiliated with this Home
-
Vladimir Rusev
Seller's Agent in 2023
Vladimir Rusev
Coldwell Banker Realty
(630) 550-9367
25 Total Sales
-
Oscar Brand
Buyer's Agent in 2023
Oscar Brand
RE/MAX
(773) 394-1167
19 Total Sales
-
Tracy McBreen
Seller's Agent in 2018
Tracy McBreen
@properties Christie's International Real Estate
(847) 812-4663
139 Total Sales
-
Buyer's Agent in 2018
Tania Mihaylova
RE/MAX
(773) 837-5573
142 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11854903
APN: 19-35-376-004
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