NOT LISTED FOR SALE

2975 Cottonwood Ln Marseilles, IL 61341

Estimated Value: $603,876 - $681,000

4 Beds
4.5 Baths
4,752 Sq Ft
$136/Sq Ft Est. Value

Last Sold January 21, 2022

Last sale price $440,000 $93 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $4,467/month

14 Days on Market

Highlights

  • 1.5 Acre Lot
  • Community Lake
  • Deck
  • Landscaped Professionally
  • Fireplace in Primary Bedroom
  • Pond

About This Home

As of January 2022

Welcome to your executive residence located at 2975 Cottonwood Ln. in Saddlewood Estates with access to a 22 acre lake with fishing and boating. This beautiful home is situated on 1.5 acres with over 4700sf of living space and additional 2300sf of finished basement, this home will fit any size family. First impression walking in your welcomed by a grand entrance like no other with a custom double spiral oak staircase, iron railings and 17ft ceilings. Real Oak hardwood flooring throughout the home with first floor featuring, formal dining room, living room, gourmet kitchen, family room, office, first floor laundry and a bathroom. Upstairs boasts all bedrooms with a total of 3 full baths including master bath featuring walking closet, double vanities, whirlpool tub and separate stand up shower. If first and second floor is not enough space for you come one down to the basement with additional 2300+sf of finished space proving ample room for a variety of activities or personal home needs. New roof 2018.

Last Agent to Sell the Property

Phil Makarewicz

RE/MAX 1st Choice License #475138878 Listed on: 10/18/2021

Last Buyer's Agent

Christine Hopps

Coldwell Banker Today's, Realtors

Coldwell Banker Today's, Realtors

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,694

Year Built

  • Built in 2001

Lot Details

  • 1.5 Acre Lot
  • Lot Dimensions are 184x430x115x480
  • Landscaped Professionally
  • Paved or Partially Paved Lot

HOA Fees

  • $17 Monthly HOA Fees

Parking

  • 4 Car Attached Garage
  • Garage Door Opener
  • Driveway
  • Parking Included in Price

Home Design

  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,752 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Entrance Foyer
  • Family Room with Fireplace
  • 4 Fireplaces
  • Living Room with Fireplace
  • Formal Dining Room
  • Den
  • Recreation Room
  • Game Room
  • Wood Flooring

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • Fireplace in Primary Bedroom
  • Bathroom on Main Level

Laundry

  • Laundry Room
  • Laundry on main level

Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Fireplace in Basement
  • Finished Basement Bathroom

Outdoor Features

  • Tideland Water Rights
  • Pond
  • Deck
  • Patio
  • Shed

Schools

  • Milton Pope Elementary School
  • Ottawa Township High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Well
  • Private or Community Septic Tank

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include lake rights
  • Saddlewood Estates Subdivision
  • Community Lake

Amenities

  • Laundry Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,694

Year Built

Built in 2001

Lot Details

0

HOA Fees

$17 per month

Parking

4

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Subdivision Name: Saddlewood Estates
  • Year Built: 2001
  • Age: 16-20 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
  • New Construction Y/N: No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Dishwasher
  • Basement: Full
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bathrooms: 5
  • Total Bedrooms: 4
  • Below Grade Finished Sq Ft: 2300
  • Fireplaces: 4
  • Interior Amenities: Hardwood Floors, First Floor Laundry, First Floor Full Bath
  • LivingArea: 4752
  • Other Equipment: Ceiling Fan(s), Sump Pump
  • Room Type: Foyer, Den, Recreation Room, Game Room
  • Estimated Total Finished Sq Ft: 7052
  • Basement Description: Finished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 4752
  • Basement Sq Ft: 2300
  • Fireplace Location: Family Room,Living Room,Master Bedroom,Basement
  • Total Sq Ft: 7052
  • Upper Level Sq Ft: 2376
  • Main Level Sq Ft: 2376
  • Flooring: Hardwood
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • ExteriorFeatures: Patio
  • Foundation Details: Concrete Perimeter
  • List Price: 465000
  • Lot Features: Landscaped, Pond(s), Water Rights
  • OtherStructures: Shed(s)
  • Patio And Porch Features: Deck, Patio
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Brick

Garage/Parking

  • Garage Spaces: 4
  • ParkingTotal: 4
  • Driveway: Concrete
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Septic-Private
  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heating: Natural Gas
  • Laundry Features: Common Area
  • Water Source: Well

Condo/Co-op/Association

  • Association Fee: 200
  • Association Fee Frequency: Annually
  • Community Features: Lake, Street Paved
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • ResoAssociationFeeFrequency: Annually

Fee Information

  • Association Fee Includes: Lake Rights

Schools

  • Elementary School: Milton Pope Elementary School
  • High School: Ottawa Township High School
  • Middle/Junior School: Milton Pope Elementary School
  • Middle/Junior School District: 210

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 1.5
  • Lot Dimensions: 184X430X115X480
  • Rural (Y/N): Y
  • Lot Size: 1.0-1.99 Acres
  • Special Assessments: N

Rental Info

  • Board Number: 18
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 7694.14
  • Tax Year: 2020
  • Tax Exemptions: Homeowner

MLS Schools

  • Other Public Sch Dist: 513
  • Othr Public Sch: IVCC

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2021
Closed on
Jan 21, 2022
Sold by
Zellers Colby W
Bought by
Kaminski Nicholas P and Kaminski Molly M
Seller's Agent
Phil Makarewicz
RE/MAX 1st Choice
Buyer's Agent
Christine Hopps
Coldwell Banker Today's, Realtors
List Price
$465,000
Sold Price
$440,000
Premium/Discount to List
-$25,000
-5.38%
Current Estimated Value
$643,969

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$203,969
Avg. Annual Appreciation
10.52%
Original Mortgage
$352,000
Outstanding Balance
$325,735
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$302,425

Purchase Details

Listed on
Jan 16, 2015
Closed on
Jun 1, 2015
Sold by
Ottawa Saving Bank
Bought by
Zeller Colby W
Seller's Agent
George Shanley
Coldwell Banker Real Estate Group
Buyer's Agent
Diane Lambert
Coldwell Banker Real Estate Group
List Price
$330,000
Sold Price
$265,000
Premium/Discount to List
-$65,000
-19.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.94%
Original Mortgage
$251,750
Interest Rate
4.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 15, 2015
Sold by
Lasalle County Sheriff
Bought by
Ottawa Savings Bank

Purchase Details

Closed on
Oct 17, 2009
Sold by
Tate Robert and Tate Staci L
Bought by
Vazquez Tate Staci L

Purchase Details

Closed on
Nov 28, 2008
Sold by
Leadingham Donald W and Leadingham Vickey L
Bought by
Tate Robert and Tate Staci L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$437,606
Interest Rate
6.49%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Kaminski Nicholas P $440,000 None Available
Zeller Colby W $265,000 --
Ottawa Savings Bank -- --
Vazquez Tate Staci L -- None Available
Tate Robert $440,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kaminski Nicholas P $70,000
Open Kaminski Nicholas P $352,000
Previous Owner Zellers Colby W $35,000
Previous Owner Zellers Colby W $287,000
Previous Owner Zellres Colby W $49,000
Previous Owner Zeller Colby W $251,750
Previous Owner Vazquez Tatte Staci L $452,712
Previous Owner Tate Robert $437,606
Previous Owner Leadingham Donald W $410,000
Previous Owner Adams Douglas B $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/21/2022 01/21/22 Sold $440,000 -5.4% $93 / Sq Ft
11/02/2021 11/02/21 Pending -- -- --
10/18/2021 10/18/21 For Sale $465,000 +75.5% $98 / Sq Ft
06/05/2015 06/05/15 Sold $265,000 -11.1% $56 / Sq Ft
04/16/2015 04/16/15 Pending -- -- --
04/07/2015 04/07/15 Price Changed $298,000 -3.9% $63 / Sq Ft
02/10/2015 02/10/15 Price Changed $310,000 -6.1% $65 / Sq Ft
01/16/2015 01/16/15 For Sale $330,000 -- $69 / 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 $11,305 $170,831 $15,288 $155,543
2023 $10,418 $153,764 $13,761 $140,003
2022 $8,464 $144,951 $12,972 $131,979
2021 $8,001 $136,514 $12,217 $124,297
2020 $7,694 $131,478 $11,766 $119,712
2019 $7,670 $128,963 $11,541 $117,422
2018 $7,561 $104,136 $11,267 $92,869
2017 $7,415 $101,666 $18,352 $83,314
2016 $6,798 $94,106 $18,054 $76,052
2015 $6,877 $95,000 $19,738 $75,262
2012 -- $130,613 $18,223 $112,390
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11247680

Midwest Real Estate Data (MRED)

APN: 15-37-104010