NOT LISTED FOR SALE

2891 Melbourne Ln Lake In the Hills, IL 60156

Estimated Value: $379,000 - $420,561

3 Beds
3 Baths
2,218 Sq Ft
$184/Sq Ft Est. Value

Last Sold January 19, 2018

Last sale price $224,900 $101 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $2,829/month

126 Days on Market

Highlights

  • Colonial Architecture
  • Vaulted Ceiling
  • Sitting Room
  • Martin Elementary School Rated A
  • Corner Lot
  • 4-minute walk to Edward William Hynes Park

About This Home

As of January 2018

Remarkable colonial style home sparkles with new paint, carpet, windows and bathroom fixtures. Plenty of space with separate living and dining rooms, sizeable master bedroom with adjoining sitting room, large family room and full basement. Great location in Meadowbrook, quality schools and convenient to shopping. This is a wonderful place to call home, and is ready to move right in. This is a Fannie Mae Homepath property.

Last Agent to Sell the Property

Daniel Bryan

Flatland Homes, LTD License #475136115 Listed on: 07/28/2017

Last Buyer's Agent

Sylvia Garcia

Baird & Warner Real Estate - Algonquin License #475107556

Baird & Warner Real Estate - Algonquin

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,024

Year Built | Renovated

  • 1997 | 2017

Lot Details

  • East or West Exposure
  • Corner Lot

Parking

  • Attached Garage
  • Driveway
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • Vaulted Ceiling
  • Entrance Foyer
  • Sitting Room
  • Dining Area
  • Unfinished Basement
  • Partial Basement

Kitchen

  • Breakfast Bar
  • Kitchen Island

Bedrooms and Bathrooms

  • Primary Bathroom is a Full Bathroom
  • Separate Shower

Outdoor Features

  • Patio

Utilities

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

Listing and Financial Details

  • Homeowner Tax Exemptions
  • $6,747 Seller Concession

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,024

Year Built | Renovated

1997 | 2017

Lot Details

0

Parking

2

Listing Details

  • Property Type: Detached Single
  • Recent Rehab: Yes
  • Special Service Area: T
  • Age: 16-20 Years
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Ownership: Fee Simple
  • Rehab Year: 2017
  • Total Full or Half Bathrooms: 2.1
  • Style Of House: Colonial
  • Type Detached: 2 Stories
  • Estimated Year Built: 1997
  • Tax Exemptions: Homeowner
  • Special Features: 20
  • Property Sub Type: Detached
  • Year Built: 1997
  • Year Renovated: 2017

Interior Features

  • Interior Property Features: Vaulted/Cathedral Ceilings
  • Number Of Rooms: 9
  • Living Room: Dimensions: 12X14, On Level: Main Level, Flooring: Carpet
  • Basement: Partial
  • Basement: Unfinished
  • Bedrooms All Levels: 3
  • Primary Bedroom Bath: Full
  • Bathroom Amenities: Separate Shower
  • Above Grade Bedrooms: 3
  • Dining Room: Dimensions: 13X11, On Level: Main Level, Flooring: Carpet
  • Kitchen Type: Dimensions: 12X10, On Level: Main Level, Flooring: Vinyl
  • Kitchen Type: Eating Area-Table Space, Island
  • Additional Rooms: Eating Area, Sitting Room, Foyer
  • Master Bedroom: Dimensions: 11X23, On Level: 2nd Level, Flooring: Carpet
  • Additional Room 1 Name: Eating Area, Dimensions: 12X10, On Level: Main Level, Flooring: Vinyl
  • Additional Room 2 Name: Sitting, Dimensions: 15X09, On Level: 2nd Level, Flooring: Carpet
  • Bedroom 2: Dimensions: 11X11, On Level: 2nd Level, Flooring: Carpet
  • Additional Room 3 Name: Foyer, Dimensions: 13X09, On Level: Main Level, Flooring: Vinyl
  • Bedroom 3: Dimensions: 10X11, On Level: 2nd Level, Flooring: Carpet
  • Estimated Sq Ft: 2218
  • Basement Sq Ft: 849
  • Dining Room Type: Separate
  • Family Room: Dimensions: 14X17, On Level: Main Level, Flooring: Carpet

Exterior Features

  • Foundation: Concrete
  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Vinyl Siding, Brick
  • Roof Type: Asphalt/Glass (Shingles)
  • Exterior Property Features: Patio
  • Exposure: E (East)
  • Acreage: 0.2

Garage/Parking

  • Number of Cars: 2
  • Parking: Garage
  • Garage Type: Attached
  • Garage On Site: Yes
  • Number Garage Spaces: 2
  • Driveway: Asphalt
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

  • Air Conditioner: Central Air
  • Water: Public
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air

Schools

  • School District: 158
  • Elementary School: CHESAK ELEMENTARY SCHOOL
  • Middle School: MARLOWE MIDDLE SCHOOL
  • High School: HUNTLEY HIGH SCHOOL
  • Junior High Dist: 158

Lot Info

  • Lot Dimensions: 68X129X68X129
  • Lot Description: Corner
  • Parcel Identification Number: 1823127030

Tax Info

  • Taxes: 6831.08

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2017
Closed on
Jan 18, 2018
Sold by
Fannie Mae
Bought by
Melendez Emilia and Garica Kimberly M
Seller's Agent
Daniel Bryan
Flatland Homes, LTD
Buyer's Agent
Sylvia Garcia
Baird & Warner Real Estate - Algonquin
List Price
$224,900
Sold Price
$224,900
Current Estimated Value
$407,390

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$182,490
Avg. Annual Appreciation
7.72%
Original Mortgage
$220,825
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 30, 2017
Sold by
Akens Norman R and Akens Sharon K
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Apr 1, 1998
Sold by
Beverly Trust Company
Bought by
Akens Norman R and Akens Sharon K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,350
Interest Rate
7.19%
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
Melendez Emilia $225,000 First American Title
Federal National Mortgage Association -- Oconnor Title Services Inc
Akens Norman R $192,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Melendez Emilia $220,825
Previous Owner Akens Norman R $182,350
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/19/2018 01/19/18 Sold $224,900 0.0% $101 / Sq Ft
12/01/2017 12/01/17 Pending -- -- --
11/14/2017 11/14/17 For Sale $224,900 0.0% $101 / Sq Ft
11/03/2017 11/03/17 Pending -- -- --
11/02/2017 11/02/17 Price Changed $224,900 -4.1% $101 / Sq Ft
10/26/2017 10/26/17 For Sale $234,490 0.0% $106 / Sq Ft
10/12/2017 10/12/17 Pending -- -- --
09/26/2017 09/26/17 Price Changed $234,490 -6.0% $106 / Sq Ft
08/28/2017 08/28/17 Price Changed $249,490 -4.0% $112 / Sq Ft
07/28/2017 07/28/17 For Sale $259,900 -- $117 / 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 $8,024 $116,521 $6,989 $109,532
2023 $7,809 $104,672 $6,278 $98,394
2022 $7,467 $95,313 $5,717 $89,596
2021 $7,232 $89,765 $5,384 $84,381
2020 $7,131 $87,371 $5,240 $82,131
2019 $6,958 $85,140 $5,106 $80,034
2018 $7,445 $82,987 $5,747 $77,240
2017 $6,771 $78,208 $5,416 $72,792
2016 $6,831 $74,356 $5,149 $69,207
2013 -- $64,911 $12,566 $52,345
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09704525

Midwest Real Estate Data (MRED)

APN: 18-23-127-030