$389,900
SOLD MAR 17, 2025

36389 N Traer Terrace Gurnee, IL 60031

3 Beds
2.5 Baths
1,536 Sq Ft
10,454 Sq Ft Lot

Recently Sold

$254 Per Sq Ft

2 Days on Market

Highlights

  • Waterfront
  • Community Lake
  • Formal Dining Room
  • Woodland Elementary School Rated A-
  • Property is near a park
  • Stainless Steel Appliances

About This Home

As of March 2025

This gorgeous residence located in the desirable Grandwood Park subdivision, offers stunning lake views from the backyard and has undergone a complete renovation. The interior features an expansive living/family room, separate dining room, and a gourmet kitchen equipped with an island, new cabinets, granite countertops, and stainless steel appliances. The abundance of natural light pours in through the windows, creating a bright and airy atmosphere. The three-season porch provides the perfect spot to take in the picturesque views of the lake. The spacious master bedroom offers a serene retreat, while the full basement features an additional full bathroom. The expansive backyard is perfect for outdoor entertaining, and the two-car garage provides ample parking space, supplemented by a large driveway. Don't miss this incredible opportunity. Hard to find this bigger model with FULL BASEMENT.

Last Agent to Sell the Property

Erika Ricardo

Netgar Investments Inc License #471019403 Listed on: 02/24/2025

Last Buyer's Agent

Dancy Bateman

Baird & Warner License #475155067

Baird & Warner

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,674

Year Built

  • Built in 1967

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway
  • Parking Space is Owned

Home Design

  • Asphalt Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,536 Sq Ft Home
  • 2-Story Property
  • Family Room
  • Living Room
  • Formal Dining Room
  • Laminate Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom

Schools

  • Warren Township High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Waterfront
  • Property is near a park

Community Details

  • Community Lake

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,674

Year Built

Built in 1967

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 1967
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Stainless Steel Appliance(s)
  • Basement: Full
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 3
  • LivingArea: 1536
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 0
  • Assessed Sq Ft: 1536
  • Basement Description: Unfinished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • Flooring: Wood Laminate
  • ResoLivingAreaSource: Estimated

Exterior Features

  • Foundation Details: Concrete Perimeter
  • List Price: 389900
  • Roof: Asphalt
  • Waterfront: Yes
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Driveway: Concrete
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas
  • Laundry Features: Gas Dryer Hookup
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Park, Lake, Sidewalks, Street Lights, Other
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • High School: Warren Township High School
  • Middle/Junior School District: 56

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 10302
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 7673.94
  • Tax Year: 2023
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2025
Closed on
Mar 17, 2025
Sold by
Robles Sixto and Pine Builders Llc
Bought by
Reublin Dylan
Seller's Agent
Erika Ricardo
Netgar Investments Inc
Buyer's Agent
Dancy Bateman
Baird & Warner
List Price
$389,900
Sold Price
$389,900
Views
63
Current Estimated Value
$378,223

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,677
Avg. Annual Appreciation
-8.80%
Original Mortgage
$370,405
Outstanding Balance
$370,091
Interest Rate
6.83%
Mortgage Type
New Conventional
Estimated Equity
$8,132

Purchase Details

Listed on
Aug 9, 2024
Closed on
Aug 9, 2024
Sold by
Hung Kelly Lynn and Hung Holly Ann
Bought by
Pine Builders Llc
Seller's Agent
Nicole Verlotta
Baird & Warner
Buyer's Agent
Sixto Robles
Netgar Investments Inc
List Price
$169,000
Sold Price
$185,000
Premium/Discount to List
$16,000
9.47%
Views
2

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
287.88%
Original Mortgage
$252,000
Interest Rate
6.78%
Mortgage Type
Construction
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $390,000 None Listed On Document
Warranty Deed $185,000 Truly Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $370,405 New Conventional
Previous Owner $252,000 Construction
Previous Owner $129,000 Credit Line Revolving
Previous Owner $160,000 Credit Line Revolving
Previous Owner $160,000 Unknown
Previous Owner $112,800 Unknown
Previous Owner $70,000 Unknown
Previous Owner $30,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/17/2025 03/17/25 Sold $389,900 0.0% $254 / Sq Ft
02/26/2025 02/26/25 Pending -- -- --
02/24/2025 02/24/25 For Sale $389,900 +110.8% $254 / Sq Ft
08/29/2024 08/29/24 Sold $185,000 +9.5% $123 / Sq Ft
08/19/2024 08/19/24 For Sale $169,000 -- $113 / 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 $7,674 $61,660 $11,885 $49,775
2023 $7,674 $91,005 $10,713 $80,292
2022 $6,866 $74,775 $11,144 $63,631
2021 $6,460 $69,015 $10,286 $58,729
2020 $6,221 $67,318 $10,033 $57,285
2019 $6,098 $65,364 $9,742 $55,622
2018 $4,849 $54,310 $13,342 $40,968
2017 $4,850 $52,754 $12,960 $39,794
2016 $4,811 $50,405 $12,383 $38,022
2015 $4,646 $47,804 $11,744 $36,060
2014 $3,932 $35,939 $11,585 $24,354
2012 $4,596 $42,870 $12,324 $30,546
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12296988

Midwest Real Estate Data (MRED)

APN: 07-07-307-003