NOT LISTED FOR SALE

278 Fossil Ridge Rd Wilmington, IL 60481

Estimated Value: $120,000 - $143,000

1 Bed
1 Bath
400 Sq Ft
$336/Sq Ft Est. Value

Last Sold October 09, 2023

Last sale price $80,000 $200 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $938/month

75 Days on Market

Highlights

  • Gated Community
  • Community Lake
  • Deck
  • Waterfront
  • Clubhouse
  • Property is near a park

About This Home

As of October 2023

BACK ON THE MARKET! Buyer's Financing fell through at the last minute. New Low Price! Adorable One Bedroom w/loft located on a quiet cul de sac in Shadow Lakes. This cute and quaint log model features a large deck with a great view overlooking both water and nature. Pontoon boat included! Ample Parking Spots. Enjoy all the amenities that Shadow Lakes has to offer-including the pool, beach, boating and fishing.

Last Agent to Sell the Property

Jenna Covey

Lori Bonarek Realty License #471022613 Listed on: 07/04/2023

Last Buyer's Agent

Ivana Longest

@properties Christie's International Real Estate License #475154124

@properties Christie's International Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,668

Year Built

  • Built in 2000

Lot Details

  • Lot Dimensions are 52x17x12x92x56x76
  • Waterfront

HOA Fees

  • $67 Monthly HOA Fees

Home Design

  • Asphalt Roof
  • Cedar

Interior Spaces

  • 400 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Living Room
  • Dining Room
  • Laminate Flooring
  • Range
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Potential Bedroom
  • 1 Full Bathroom

Parking

  • 2 Parking Spaces
  • Gravel Driveway
  • Uncovered Parking
  • Off-Street Parking
  • Parking Included in Price

Outdoor Features

  • Tideland Water Rights
  • Deck

Location

  • Property is near a park

Utilities

  • Central Air
  • Heating System Uses Propane

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include water, security, clubhouse, pool, lake rights
  • Jim Ludes Association, Phone Number (815) 518-2300
  • Shadow Lakes Subdivision
  • Property managed by Lori Bonarek Realty
  • Community Lake

Recreation

  • Community Pool

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,668

Year Built

Built in 2000

Lot Details

0

HOA Fees

$67 per month

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple w/ HO Assn.
  • 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: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Refrigerator
  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • LivingArea: 400
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 400
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 400
  • Total Sq Ft: 400
  • Main Level Sq Ft: 400

Exterior Features

  • ExteriorFeatures: Deck
  • List Price: 84000
  • Roof: Asphalt
  • Waterfront: Yes
  • Exterior Building Type: Cedar

Garage/Parking

  • Parking Features: Off Street
  • ParkingTotal: 2
  • Number of Cars: 2
  • Driveway: Gravel
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Condo/Co-op/Association

  • Association Fee: 800
  • Association Fee Frequency: Annually
  • Community Features: Clubhouse, Park, Pool, Lake, Water Rights, Gated
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Lori Bonarek Realty
  • Management Contact Name: Jim Ludes
  • Management Phone: 815-518-2300
  • ResoAssociationFeeFrequency: Annually

Fee Information

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

Schools

  • Middle/Junior School District: 255U

Lot Info

  • Lot Dimensions: 52X17X12X92X56X76
  • 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: 1668
  • Tax Year: 2021
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 4, 2025
Sold by
Weck Evan and Weck Cari
Bought by
Black Joyce
Total Days on Market
75
Current Estimated Value
$134,266

Purchase Details

Listed on
Jul 24, 2018
Closed on
Sep 28, 2019
Sold by
Mugavero Christopher J
Bought by
Zubcic Jaclyn M
Seller's Agent
Keith Eastman
Keith Eastman Realty, LLC
Buyer's Agent
Keith Eastman
Keith Eastman Realty, LLC
List Price
$69,900
Sold Price
$44,900
Premium/Discount to List
-$25,000
-35.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.07%
Original Mortgage
$31,430
Interest Rate
5.25%
Mortgage Type
Commercial

Purchase Details

Listed on
May 10, 2013
Closed on
Oct 20, 2014
Sold by
Jurusik Patricia
Bought by
Mugavero Christopher J
Seller's Agent
Keith Eastman
Keith Eastman Realty, LLC
Buyer's Agent
Lee Ernst
eXp Realty
List Price
$79,900
Sold Price
$58,000
Premium/Discount to List
-$21,900
-27.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.05%
Original Mortgage
$46,400
Interest Rate
4.8%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 14, 2009
Sold by
Jurusik Patricia and Sagris Demetrios
Bought by
Jurusik Patricia and Trust #09278

Purchase Details

Closed on
Sep 27, 2002
Sold by
Schultz Ronald C and Schultz Bridget C
Bought by
Jurusik Patricia and Sagris Elizabeth

Purchase Details

Closed on
Mar 13, 2002
Sold by
Cipolla Costantino and Cipolla Salvatrice
Bought by
Schultz Ronald C and Schultz Bridget

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,500
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 27, 1998
Sold by
American National Bk & Tr Co Of Chicago
Bought by
Cipolla Constantino and Cipolla Salvatrice
Source: Public Records

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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
Black Joyce $143,000 Fidelity National Title
Zubcic Jaclyn M $44,900 Fidelity National Title
Mugavero Christopher J $58,000 Fidelity National Title
Jurusik Patricia -- None Available
Jurusik Patricia $28,000 Ticor Title
Schultz Ronald C $29,000 Ticor Title
Cipolla Constantino -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Zubcic Jaclyn M $31,430
Previous Owner Mugavero Christopher J $46,400
Previous Owner Schultz Ronald C $41,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/09/2023 10/09/23 Sold $80,000 -4.8% $200 / Sq Ft
09/18/2023 09/18/23 Pending -- -- --
09/14/2023 09/14/23 Price Changed $84,000 0.0% $210 / Sq Ft
09/14/2023 09/14/23 For Sale $84,000 -15.6% $210 / Sq Ft
07/13/2023 07/13/23 Pending -- -- --
07/04/2023 07/04/23 For Sale $99,500 +121.6% $249 / Sq Ft
10/07/2019 10/07/19 Sold $44,900 0.0% $112 / Sq Ft
07/27/2019 07/27/19 Pending -- -- --
05/03/2019 05/03/19 Price Changed $44,900 -10.0% $112 / Sq Ft
03/04/2019 03/04/19 Price Changed $49,900 -9.1% $125 / Sq Ft
01/08/2019 01/08/19 Price Changed $54,900 -8.3% $137 / Sq Ft
10/08/2018 10/08/18 Price Changed $59,900 -7.7% $150 / Sq Ft
09/05/2018 09/05/18 Price Changed $64,900 -7.2% $162 / Sq Ft
07/24/2018 07/24/18 For Sale $69,900 +20.5% $175 / Sq Ft
10/31/2014 10/31/14 Sold $58,000 -17.0% $145 / Sq Ft
08/04/2014 08/04/14 Pending -- -- --
04/28/2014 04/28/14 Price Changed $69,900 -12.5% $175 / Sq Ft
05/10/2013 05/10/13 For Sale $79,900 -- $200 / 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
2023 $1,515 $27,231 $14,350 $12,881
2022 $1,306 $24,711 $13,022 $11,689
2021 $1,669 $23,586 $12,429 $11,157
2020 $1,580 $22,345 $11,775 $10,570
2019 $1,498 $21,100 $11,119 $9,981
2018 $1,446 $20,191 $10,640 $9,551
2017 $1,421 $19,795 $10,431 $9,364
2016 $1,389 $19,144 $10,088 $9,056
2015 $1,117 $18,650 $9,828 $8,822
2014 $1,117 $15,492 $9,828 $5,664
2013 $1,117 $16,569 $10,511 $6,058
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11822658

Midwest Real Estate Data (MRED)

APN: 02-24-04-307-026