NOT LISTED FOR SALE

344 Lake Gillilan Way Unit 222C Algonquin, IL 60102

Estimated Value: $324,000 - $347,000

3 Beds
2.5 Baths
1,851 Sq Ft
$182/Sq Ft Est. Value

Last Sold July 29, 2024

Last sale price $325,000 $176 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,497/month

4 Days on Market

Highlights

  • Loft
  • 2 Car Attached Garage
  • Patio
  • Algonquin Lakes Elementary School Rated A-
  • Walk-In Closet
  • Forced Air Heating and Cooling System

About This Home

As of July 2024

Walk in and say WOW! Step inside and you'll fall in love with this sharp and updated meticulously kept 2 story townhome with an open concept floorplan. Featuring 3 generously sized bedrooms with a loft and 2 1/2 baths. Lots of NEWs including brand new 2nd floor carpeting to start the list of updates. This is the largest unit in the complex boasting 1,851 sq ft. and a loft on the 2nd level. The loft offers endless possibilities for a home office, family room, or playroom. The master bedroom offers a private bath with a double sink vanity, an extra large linen closet and a walk-in closet providing ample storage space for your wardrobe essentials, keeping everything organized and within reach. The first level offers a powder room, large kitchen with plenty of room for a table and chairs while opening up to the living room and dining room combo with sliding glass doors overlooking a beautifully landscaped back yard. The outside patio is spacious with plenty of room for entertaining guests for summer cookouts or could be used as an outdoor retreat for quiet summer evenings. This home also offers a 2.5 car garage with extra storage. New luxury vinyl flooring on the first floor, new furnace, new hot water heater, new washer and dryer, new bathroom flooring, new first floor light fixtures, new faucets t/o making this home move in ready. You'll find this hidden gem tucked away in a quiet neighborhood amongst lush greenery and abundant walking paths for nature lovers and outside enthusiasts. Just a block away from Algonquin Lakes Grade School, park and disc golf course. Located close to major highways and downtown Algonquin with plenty of dining and shopping nearby. Get the feel of a Single family home with all the benefits of a Town Home. Just unpack and relax, it's that gorgeous.

Last Agent to Sell the Property

Jeavon Shegal

REMAX Legends License #475128215 Listed on: 06/23/2024

REMAX Legends

Last Buyer's Agent

Joan Hansen

Four Daughters Real Estate License #475156535

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,247

Year Built

  • Built in 2001

HOA Fees

  • $255 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Driveway
  • Parking Included in Price

Home Design

  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,851 Sq Ft Home
  • 2-Story Property
  • Loft

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • Walk-In Closet

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Outdoor Features

  • Patio

Schools

  • Algonquin Lake Elementary School
  • Algonquin Middle School
  • Dundee-Crown High School

Utilities

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

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include insurance, exterior maintenance, lawn care, snow removal
  • 4 Units
  • Jeff Dewert Association, Phone Number (847) 252-7700
  • Property managed by DeWert Management

Amenities

  • Common Area

Pet Policy

  • Dogs and Cats Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,247

Year Built

Built in 2001

Lot Details

0

HOA Fees

$255 per month

Parking

2

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
  • Year Built: 2001
  • 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
  • Unit Floor Level: 1
  • ResoPropertyType: Residential
  • MonthToMonthYN: No
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 2

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
  • Basement: None
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 3
  • Interior Amenities: Second Floor Laundry, Walk-In Closet(s)
  • LivingArea: 1851
  • Room Type: Loft
  • Stories Total: 2
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Builder

Exterior Features

  • ExteriorFeatures: Patio
  • Foundation Details: Concrete Perimeter
  • List Price: 325000
  • Lot Features: Common Grounds
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Driveway: Asphalt
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

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

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 255
  • Association Fee Frequency: Monthly
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: DeWert Management
  • Management Contact Name: Jeff DeWert
  • Management Phone: 847-252-7700
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Schools

  • Elementary School: Algonquin Lake Elementary School
  • High School: Dundee-Crown High School
  • Middle/Junior School: Algonquin Middle School
  • Middle/Junior School District: 300

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: 999

Tax Info

  • Tax Annual Amount: 5247
  • Tax Year: 2023
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2024
Closed on
Jul 25, 2024
Sold by
Bockemeyer Susan K
Bought by
Odena Tracy
Seller's Agent
Jeavon Shegal
REMAX Legends
Buyer's Agent
Joan Hansen
Four Daughters Real Estate
List Price
$325,000
Sold Price
$325,000
Views
89
Current Estimated Value
$336,092

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,092
Avg. Annual Appreciation
2.16%

Purchase Details

Listed on
Mar 14, 2022
Closed on
Apr 4, 2022
Sold by
Unknown
Bought by
Bockemeyer Susan K
Seller's Agent
Hilary Taylor
HomeSmart Connect LLC
Buyer's Agent
Jeavon Shegal
REMAX Legends
List Price
$240,900
Sold Price
$256,000
Premium/Discount to List
$15,100
6.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.93%
Original Mortgage
$156,000
Interest Rate
4.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 16, 2009
Sold by
Us Bank National Association
Bought by
Pearson Mary C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,819
Interest Rate
5.05%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 30, 2009
Sold by
Lara Eugenia
Bought by
Us Bank National Association

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,819
Interest Rate
5.05%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 10, 2006
Sold by
Burress Jared and Cartright Jason
Bought by
Lara Eugenia and Lara Ana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,800
Interest Rate
8.45%
Mortgage Type
Balloon

Purchase Details

Closed on
Jan 18, 2005
Sold by
Hud
Bought by
Burress Jared and Cartwright Jason

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,500
Interest Rate
5.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 12, 2004
Sold by
Connolly David M and Connolly Jennifer R
Bought by
Hud

Purchase Details

Closed on
May 25, 2001
Sold by
Realen Homes Lp
Bought by
Connolly David M and Connolly Jennifer R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,250
Interest Rate
7.23%
Mortgage Type
FHA
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
Odena Tracy $325,000 First American Title
Bockemeyer Susan K $256,000 Vaclavek Hartman Vaclavek Pc
Pearson Mary C $170,000 Attorneys Title Guaranty Fun
Us Bank National Association -- None Available
Lara Eugenia $226,000 Republic Title
Burress Jared -- Stewart Title Company
Hud -- --
Connolly David M $180,500 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bockemeyer Susan K $156,000
Previous Owner Pearson Mary C $166,819
Previous Owner Lara Eugenia $180,800
Previous Owner Burress Jared $199,500
Previous Owner Connolly David M $175,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2024 07/29/24 Sold $325,000 0.0% $176 / Sq Ft
06/23/2024 06/23/24 For Sale $325,000 +27.0% $176 / Sq Ft
04/11/2022 04/11/22 Sold $256,000 +6.3% $138 / Sq Ft
03/16/2022 03/16/22 Pending -- -- --
03/14/2022 03/14/22 For Sale $240,900 -- $130 / 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 $5,515 $80,538 $8,371 $72,167
2023 $5,247 $72,465 $7,532 $64,933
2022 $4,875 $69,339 $7,532 $61,807
2021 $3,354 $65,470 $7,112 $58,358
2020 $3,370 $63,998 $6,952 $57,046
2019 $3,454 $60,754 $6,600 $54,154
2018 $3,587 $58,797 $6,469 $52,328
2017 $3,698 $55,001 $6,051 $48,950
2016 $3,928 $53,254 $5,859 $47,395
2015 -- $49,901 $5,490 $44,411
2014 -- $44,499 $5,338 $39,161
2013 -- $45,861 $5,501 $40,360
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12091978

Midwest Real Estate Data (MRED)

APN: 03-02-126-031