$290,000
$30K PRICE DROP

271 Fossil Bay Ct Wilmington, IL 60481

Estimated payment $2,249/month

Total Views 18,182
3 Beds
2 Baths
1,373 Sq Ft
$211 Price per Sq Ft

Highlights

  • Water Views
  • Property fronts a channel
  • Clubhouse
  • Gated Community
  • Community Lake
  • Deck

About This Home

Beautiful 3-Bed, 2-Bath waterfront home in the gated Shadow Lakes community! Enjoy channel views from the wrap-around porch and access via your boat dock. Spacious 3-car garage! Fenced yard! Major updates include Roof (2023), Furnace & A/C (2024), Hot water heater (2025), washer/dryer (2025), Heat/AC unit in garage (2025) and ejector pump (2025) - Move in ready with peace of mind! Very well maintained, being sold as-is. Ideal for year-round living or weekend getaways. Community offers a clubhouse, pool, sandy beach, and many areas for activities. Don't miss this opportunity for lakeside living just an hour from Chicago!

Listing Agent

Gina Ratliff

Village Realty, Inc. License #471009563 Listed on: 08/07/2025

Village Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,387

Year Built

  • Built in 2000

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50 x 125
  • Property fronts a channel
  • Fenced
  • Paved or Partially Paved Lot

HOA Fees

  • $173 Monthly HOA Fees

Parking

  • 3 Car Garage
  • Driveway
  • Parking Included in Price

Home Design

  • Ranch Style House

Interior Spaces

  • 1,373 Sq Ft Home
  • Wood Burning Fireplace
  • Family Room
  • Living Room with Fireplace
  • Combination Kitchen and Dining Room
  • Laminate Flooring
  • Water Views

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Propane

Additional Features

  • Deck
  • Property is near a park

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include water, security, clubhouse, pool, lake rights
  • Anyone Association, Phone Number (815) 458-3647
  • Shadow Lakes Subdivision
  • Property managed by Shadow Lakes
  • Community Lake

Recreation

  • Community Pool

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,387

Year Built

Built in 2000

Lot Details

0

HOA Fees

$173 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple w/ HO Assn.
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Subdivision Name: Shadow Lakes
  • Year Built: 2000
  • Age: 21-25 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Flooring: Laminate
  • LivingArea: 1373
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 0
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Kitchen/Dining Combo
  • Fireplace Location: Living Room
  • Total Sq Ft: 0
  • Flooring: Wood Laminate

Exterior Features

  • Construction Materials: Vinyl Siding
  • ExteriorFeatures: Dock
  • Fencing: Fenced
  • Lot Features: Channel Front
  • OtherStructures: None
  • Patio And Porch Features: Deck
  • View: Water
  • Waterfront: Yes

Garage/Parking

  • Garage Spaces: 3
  • Parking Features: Concrete, Garage Door Opener, Tandem, On Site, Garage Owned, Attached, Garage
  • ParkingTotal: 3

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Propane, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 2070
  • Association Fee Frequency: Annually
  • Community Features: Clubhouse, Park, Pool, Lake, Gated, Street Paved
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Shadow Lakes
  • Management Contact Name: Anyone
  • Management Phone: 815-458-3647

Fee Information

  • Association Fee Includes: Water, Security, Clubhouse, Pool, Lake Rights

Lot Info

  • Lot Size Acres: 0.14
  • Lot Dimensions: 50 x 125
  • Rural (Y/N): Y
  • 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: 6387
  • Tax Year: 2024
  • Tax Exemptions: Homeowner

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $6,387 $103,682 $18,029 $85,653
2023 $6,387 $92,864 $16,148 $76,716
2022 $5,382 $84,268 $14,653 $69,615
2021 $5,627 $80,432 $13,986 $66,446
2020 $5,364 $76,203 $13,251 $62,952
2019 $5,084 $71,958 $12,513 $59,445
2018 $4,907 $68,859 $11,974 $56,885
2017 $4,824 $67,509 $11,739 $55,770
2016 $4,713 $65,289 $11,353 $53,936
2015 $4,546 $63,604 $11,060 $52,544
2014 $4,546 $63,604 $11,060 $52,544
2013 $4,546 $68,026 $11,829 $56,197
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/30/2025 09/30/25 Price Changed $290,000 -3.3% $211 / Sq Ft
09/12/2025 09/12/25 Price Changed $300,000 -3.2% $218 / Sq Ft
09/05/2025 09/05/25 Price Changed $309,900 -1.6% $226 / Sq Ft
08/26/2025 08/26/25 Price Changed $314,900 -1.6% $229 / Sq Ft
08/07/2025 08/07/25 For Sale $319,900 +144.2% $233 / Sq Ft
03/21/2016 03/21/16 Sold $131,000 0.0% $79 / Sq Ft View Prior Sale
01/26/2016 01/26/16 Pending -- -- --
01/22/2016 01/22/16 Off Market $131,000 -- --
12/28/2015 12/28/15 Price Changed $133,900 -3.6% $81 / Sq Ft
12/18/2015 12/18/15 Price Changed $138,900 -1.5% $84 / Sq Ft
11/24/2015 11/24/15 Price Changed $141,000 -5.3% $85 / Sq Ft
10/22/2015 10/22/15 Price Changed $148,900 -3.9% $90 / Sq Ft
09/18/2015 09/18/15 Price Changed $154,900 -6.6% $94 / Sq Ft
08/18/2015 08/18/15 Price Changed $165,900 -6.2% $101 / Sq Ft
07/13/2015 07/13/15 For Sale $176,900 -- $107 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $131,000 First American Title
Warranty Deed -- Attorney
Warranty Deed $239,000 Ticor Title
Warranty Deed $185,000 Ticor Title
Deed $29,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $128,627 FHA
Previous Owner $191,120 Purchase Money Mortgage
Previous Owner $148,000 Purchase Money Mortgage
Previous Owner $85,000 No Value Available
Source: Public Records

Source: Midwest Real Estate Data (MRED)

MLS Number: 12440983

Midwest Real Estate Data (MRED)

APN: 02-24-04-307-057