NOT LISTED FOR SALE

278 Fossil Ridge Rd Wilmington, IL 60481

Estimated Value: $117,000 - $156,000

1 Bed
1 Bath
400 Sq Ft
$355/Sq Ft Est. Value

Last Sold October 09, 2023

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

Est. 78% increase in value since last sale

Current estimated payment $941/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
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • SomePhotosVirtuallyStaged: No
  • 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

Exterior Features

  • ExteriorFeatures: Deck
  • 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

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
Current Estimated Value
$142,083

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
20.38%
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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
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 List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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 View Prior Sale
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
2024 $1,515 $30,404 $16,022 $14,382
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