NOT LISTED FOR SALE

306 Somerset Ln Unit 1202 Vernon Hills, IL 60061

Estimated Value: $215,000 - $234,000

2 Beds
1.5 Baths
1,012 Sq Ft
$221/Sq Ft Est. Value

Last Sold August 20, 2024

Last sale price $210,000 $208 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $1,966/month

7 Days on Market

Highlights

  • Granite Countertops
  • L-Shaped Dining Room
  • Stainless Steel Appliances
  • Hawthorn Elementary School South Rated A
  • Community Pool
  • 1 Car Attached Garage

About This Home

As of August 2024

ABSOLUTELY CHARMING PLYMOUTH FARMS TOWNHOME WITH HAWTHORN SOUTH SCHOOLS IS WAITING FOR YOU TO CALL HOME! HOME BOASTS NEUTRAL WALLS AND LAMINATE FLOORING ON ENTIRE MAIN LEVEL, STAINLESS STEEL APPLIANCE PACKAGE, GRANITE COUNTERS,FRONT LOADER WASHER/DRYER IN BUILT IN MUD ROOM, 2 SPACIOUS ROOMS, SUBWAY TILE BATHROOM WITH PLENTY OF OTHER UPDATES, STORAGE CLOSET ON 2ND LEVEL, AND MUCH MUCH MORE. ENJOY THE POOL AND AND COMMUNITY GARDEN, ALONG WITH SHOPPING RIGHT DOWN THE STREET! WON'T LAST! SET YOUR APPOINTMENT TODAY! MAINTENACE FREE LIVING! INVESTOR FRIENDLY.

Last Agent to Sell the Property

Matthew Lawrence

1st Class Real Estate - All Pro License #475118040 Listed on: 07/01/2024

Last Buyer's Agent

Benjamin Fisher

Baird & Warner License #475149763

Baird & Warner

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,205

Year Built

  • Built in 1978 | Remodeled in 2019

Lot Details

  • 44

HOA Fees

  • $382 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Driveway
  • Parking Included in Price

Home Design

  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,012 Sq Ft Home
  • 2-Story Property
  • Blinds
  • L-Shaped Dining Room

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Granite Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • Walk-In Closet

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Schools

  • Hawthorn Elementary School (Sout
  • Hawthorn Middle School South
  • Vernon Hills High School

Utilities

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

Community Details

Overview

  • Association fees include pool, exterior maintenance, lawn care, scavenger, snow removal
  • 4 Units
  • Contact Association, Phone Number (847) 757-7171
  • Plymouth Farms Subdivision, 2 Story Floorplan
  • Property managed by Mperial Asset Management, LLC Team

Recreation

  • Community Pool
  • Park

Pet Policy

  • Pets up to 35 lbs
  • Limit on the number of pets
  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,205

Year Built

Built in 1978 | Remodeled in 2019

Lot Details

0

HOA Fees

$382 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Townhouse-2 Story
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Townhouse-2 Story
  • Subdivision Name: Plymouth Farms
  • Year Built: 1978
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Unit Floor Level: 1
  • Rehab Year: 2019
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 2
  • Year Renovated: 2019

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Stainless Steel Appliance(s)
  • Basement: None
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: First Floor Laundry, Walk-In Closet(s), Drapes/Blinds, Granite Counters
  • LivingArea: 1012
  • Room Type: No additional rooms
  • Stories Total: 2
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: L-shaped
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Assessor

Exterior Features

  • List Price: 214900
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 1
  • ParkingTotal: 1
  • Driveway: Concrete
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heating: Natural Gas, Forced Air
  • Laundry Features: In Unit
  • Water Source: Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK, Number Limit
  • Association Fee: 382
  • Association Amenities: Park, Pool
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Mperial Asset Management, LLC Team
  • Management Contact Name: Contact
  • Management Phone: 847-757-7171
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal

Schools

  • Elementary School: Hawthorn Elementary School (Sout
  • High School: Vernon Hills High School
  • Middle/Junior School: Hawthorn Middle School South
  • Middle/Junior School District: 73

Lot Info

  • Lot Dimensions: COMMON
  • Rural (Y/N): N
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 35

Tax Info

  • Tax Annual Amount: 4205
  • Tax Year: 2023
  • Tax Exemptions: None

Multi Family

  • Units in Building: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2024
Closed on
Aug 5, 2024
Sold by
Lawrence Matthew
Bought by
Rabelo Ochoa Carlos M
Seller's Agent
Matthew Lawrence
1st Class Real Estate - All Pro
Buyer's Agent
Benjamin Fisher
Baird & Warner
List Price
$217,000
Sold Price
$210,000
Premium/Discount to List
-$7,000
-3.23%
Views
59
Current Estimated Value
$220,061

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,061
Avg. Annual Appreciation
6.34%
Original Mortgage
$230,700
Outstanding Balance
$228,302
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
-$4,998

Purchase Details

Listed on
Nov 16, 2020
Closed on
Dec 8, 2020
Sold by
Brews Dawn
Bought by
Lawrence Matthew
Seller's Agent
Shannon Towson
Coldwell Banker Realty
Buyer's Agent
Matthew Lawrence
1st Class Real Estate - All Pro
List Price
$152,000
Sold Price
$145,000
Premium/Discount to List
-$7,000
-4.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.84%
Original Mortgage
$130,500
Interest Rate
2.65%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 22, 2016
Closed on
Nov 18, 2016
Sold by
Stephenson Liliana
Bought by
Brews Dawn
Seller's Agent
Chris Bryan
Berkshire Hathaway HomeServices Chicago
Buyer's Agent
Shannon Towson
Coldwell Banker Realty
List Price
$125,000
Sold Price
$115,000
Premium/Discount to List
-$10,000
-8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.74%

Purchase Details

Closed on
Aug 4, 2010
Sold by
Hipenbecker Diane M
Bought by
Stephenson Liliana

Purchase Details

Closed on
Feb 25, 1999
Sold by
Ford James B
Bought by
Hipenbecker Diane M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,000
Interest Rate
6.83%
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
Rabelo Ochoa Carlos M $210,000 Saturn Title
Lawrence Matthew $145,000 Chicago Title
Brews Dawn $115,000 Greater Metropolitan Title L
Stephenson Liliana $99,000 None Available
Hipenbecker Diane M $81,000 Standard Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rabelo Ochoa Carlos M $230,700
Previous Owner Lawrence Matthew $130,500
Previous Owner Stephenson Liliana $50,000
Previous Owner Hipenbecker Diane M $18,000
Previous Owner Hipenbecker Diane M $93,750
Previous Owner Hipenbecker Diane M $81,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2024 08/20/24 Sold $210,000 -2.3% $208 / Sq Ft
07/09/2024 07/09/24 Pending -- -- --
07/05/2024 07/05/24 Price Changed $214,900 -1.0% $212 / Sq Ft
07/01/2024 07/01/24 For Sale $217,000 0.0% $214 / Sq Ft
01/25/2023 01/25/23 Rented $1,899 0.0% --
01/19/2023 01/19/23 Under Contract -- -- --
01/10/2023 01/10/23 For Rent $1,899 0.0% --
01/13/2021 01/13/21 Sold $145,000 -2.7% $143 / Sq Ft
12/03/2020 12/03/20 Pending -- -- --
11/30/2020 11/30/20 Price Changed $149,000 -2.0% $147 / Sq Ft
11/16/2020 11/16/20 For Sale $152,000 0.0% $150 / Sq Ft
10/24/2019 10/24/19 Rented $1,450 0.0% --
10/16/2019 10/16/19 Price Changed $1,450 -1.7% $1 / Sq Ft
10/02/2019 10/02/19 For Rent $1,475 0.0% --
11/21/2016 11/21/16 Sold $115,000 -8.0% $114 / Sq Ft
10/16/2016 10/16/16 Pending -- -- --
07/22/2016 07/22/16 For Sale $125,000 -- $124 / 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 $4,622 $52,423 $13,633 $38,790
2023 $4,622 $49,465 $12,864 $36,601
2022 $4,205 $45,205 $11,756 $33,449
2021 $4,072 $44,717 $11,629 $33,088
2020 $4,008 $44,870 $11,669 $33,201
2019 $3,930 $44,705 $11,626 $33,079
2018 $3,128 $35,975 $11,282 $24,693
2017 $3,096 $35,136 $11,019 $24,117
2016 $3,009 $33,646 $10,552 $23,094
2015 $2,976 $31,465 $9,868 $21,597
2014 $3,011 $31,525 $10,599 $20,926
2012 $2,915 $31,588 $10,620 $20,968
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12099312

Midwest Real Estate Data (MRED)

APN: 15-05-401-002