NOT LISTED FOR SALE

Estimated Value: $129,000 - $179,000

0.54 Acre
$273,457 Price per Acre
23,522 Sq Ft Lot

Last Sold December 20, 2023

Last sale price $120,000

Est. 23% increase in value since last sale

Current estimated payment $976/month

10 Days on Market

About This Lot

As of December 2023

DREAMING OF BUILDING A CUSTOM LAKEFRONT HOME? THIS GORGEOUS CHAIN O'LAKES WATERFRONT LOT OVERLOOKS NIPPERSINK LAKE WITH 128 FEET OF WATER FRONTAGE. DOUBLE HILLSIDE LOT OFFERS PLENTY OF SPACE TO BUILD YOUR HOME WELL OUT OF FLOODPLAIN. FABULOUS VIEWS OF NIPPERSINK LAKE, ACKERMAN ISLAND, CRABAPPLE ISLAND AND FOX LAKE. KEEP YOUR BOAT AND CAST A FISHING LINE RIGHT ON YOUR WATER FRONT PROPERTY. ENJOY ALL THE CHAIN O'LAKES HAS TO OFFER INCLUDING WILDLIFE WITH BEAUTIFUL BALD EAGLES SOARING OVER THE WATER ALL YEAR LONG AS WELL AS THE MIGRATING AND STUNNING AMERICAN GREAT WHITE PELICANS EVERY SPRING. THE SELLER HAS DONE THE WORK AND HAD CUSTOM PLANS MADE FOR A 2086 SQ FT ONE STORY HOME WITH A WALKOUT LOWER LEVEL AND 3 CAR ATTACHED GARAGE, AS WELL AS SEPTIC PLANS. THESE PLANS WERE DONE IN 2014 AND ARE INCLUDED IN THE SALE OF THE LOT. DON'T MISS OUT ON ONE OF THE FEW LOTS LEFT ON THE CHAIN O'LAKES WITH INCREDIBLE LAKEFRONT VIEWS!!

Last Listed By

Jeffrey Karnes

All Waterfront Real Estate Plus License #475140419 Listed on: 11/16/2023

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,636

Lot Details

  • 0.54 Acre Lot
  • Lot Dimensions are 128x186x126x197
  • Property fronts a channel
  • Lake Front
  • Property fronts a county road
  • Additional Parcels
  • Property is zoned SINGL

Property Views

  • Water Views

Schools

  • Lotus Elementary School
  • Stanton Middle School
  • Grant Community High School

Utilities

  • Gas Available at Street
  • Well Required
  • Septic Needed

Community Details

Overview

  • Lotus Woods Subdivision

Recreation

  • Electricity Available at Street

Property Details

Property Type

Land

Est. Annual Taxes

$3,636

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Type: Land
  • Ownership: Fee Simple
  • Road Surface Type: Asphalt
  • Subdivision Name: Lotus Woods
  • General Information: School Bus Service,Commuter Train
  • ResoPropertyType: Land
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Single Family
  • Basement Bathrooms: No

Exterior Features

  • Frontage Length: 126
  • Frontage Type: County Road
  • List Price: 149900
  • Waterfront: Yes

Utilities

  • Utilities: Electric Nearby, Gas Nearby, Septic System Required, Well-Required

Schools

  • Elementary School: Lotus School
  • High School: Grant Community High School
  • Middle/Junior School: Stanton School
  • Middle/Junior School District: 114

Lot Info

  • Additional Parcels Description: 01343120040000
  • Additional Parcels: Yes
  • Lot Size Acres: 0.54
  • Lot Dimensions: 128X186X126X197
  • Zoning: SINGL
  • Lot Size: .50-.99 Acre
  • Special Assessments: N
  • Land Amenities: Dock-Community,Pond/Lake,Water Rights
  • Estimated Land Sq Ft: 26754
  • Land Description: Pond/Lake,Sloping,Walk-out
  • Total Listed Lots Avail: 2

Rental Info

  • Board Number: 10

Building Info

  • Building(s) on Land: No

Tax Info

  • Tax Annual Amount: 3635.88
  • Tax Year: 2022
  • Tax Exemptions: None

MLS Schools

  • Other Public Sch Dist: 532
  • Othr Public Sch: College Of Lake County

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 16, 2023
Closed on
Dec 19, 2023
Sold by
Mertins Timothy A
Bought by
Mertins Troy and Widmer Carole
Seller's Agent
Jeffrey Karnes
All Waterfront Real Estate Plus
Buyer's Agent
Amy Green
Coldwell Banker Realty
List Price
$149,900
Sold Price
$120,000
Premium/Discount to List
-$29,900
-19.95%
Total Days on Market
10
Views
14
Current Estimated Value
$147,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,667
Avg. Annual Appreciation
16.48%

Purchase Details

Closed on
May 21, 2008
Sold by
Wietzema Thomas E and Wietzema Mary Jane
Bought by
Mertins Timothy A and Mertins Julie A

Purchase Details

Closed on
Oct 8, 1997
Sold by
Grand Premier Trust & Investment Inc Na
Bought by
Wietzema Thomas E and Wietzema Mary Jane

Range of Values:

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Average Value
Not Available
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
Mertins Troy $120,000 None Listed On Document
Mertins Timothy A $142,500 None Available
Wietzema Thomas E -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2023 12/20/23 Sold $120,000 -19.9% --
11/27/2023 11/27/23 Pending -- -- --
11/16/2023 11/16/23 For Sale $149,900 -- --
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
2023 $1,834 $22,904 $22,904 --
2022 $2,216 $26,734 $26,734 $0
2021 $2,128 $24,945 $24,945 $0
2020 $2,096 $24,256 $24,256 $0
2019 $1,980 $23,196 $23,196 $0
2018 $2,059 $23,528 $23,528 $0
2017 $2,040 $22,395 $22,395 $0
2016 $2,184 $21,613 $21,613 $0
2015 $2,206 $21,063 $21,063 $0
2014 $2,523 $26,415 $26,415 $0
2012 $2,312 $26,415 $26,415 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11932702

Midwest Real Estate Data (MRED)

APN: 01-34-312-004