NOT LISTED FOR SALE

Estimated Value: $186,083 - $379,000

8 Beds
4 Baths
4,680 Sq Ft
$66/Sq Ft Est. Value

Last Sold September 26, 2016

Last sale price $70,100 $15 Per Sq Ft

Est. 343% increase in value since last sale

Current estimated payment $1,792/month

18 Days on Market

Highlights

  • Property fronts a channel
  • Grass Lake Elementary School Rated 9+
  • Colonial Architecture

About This Home

As of September 2016

Water Front on Grass Lake/ Chain of Lakes Channel* Build a Dream Custom Home on This Spectacular 2+ Acres Land* Current Building Which is a Former Resort is Most Likely a Tear Down Due to Roof Damage & Repairs Needed* Serious Rehab May Still Restore & Convert the Building to a Beautiful 2-Story Huge Home with Plenty of Bedrooms & Magnificent Views* Current Zoning is Non Confirming Commercial in a Residential Zoned Area* May be Fixed & Used As a Commercial Property Like a Restaurant/ Bar* 2nd Lot is 39336 N. Shore Ave. PIN Number is (01-26-403-001) located on the Lake Channel with 505 FT Water Front & 196 FT Street Front* Main Lot Has 193 FT Street Front* Very Quiet & Private Location* Channel Needs to be Opened* Buy Both Lots for $99.8K* Company Owned Foreclosure* Quick Closing.

Last Agent to Sell the Property

Eddie Moses

Berkshire Hathaway HomeServices Chicago License #471003298 Listed on: 07/28/2016

Berkshire Hathaway HomeServices Chicago

Last Buyer's Agent

Michelle Oelkers

Realty World Tiffany R.E. License #475158856

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,198

Year Built

  • 1935

Lot Details

  • Property fronts a channel

Home Design

  • Colonial Architecture
  • Frame Construction
  • Asphalt Shingled Roof

Finished Basement

  • Walk-Out Basement
  • Finished Basement Bathroom

Parking

  • Parking Available
  • Gravel Driveway
  • Parking Included in Price

Utilities

  • Heating System Uses Gas
  • Well
  • Private or Community Septic Tank

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,198

Year Built

1935

Lot Details

0

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • Age: 81-90 Years
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 3.1
  • Style Of House: Colonial
  • Type Detached: 2 Stories
  • Estimated Year Built: 1935
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1935

Interior Features

  • Number Of Rooms: 12
  • Living Room: Dimensions: 25X20, On Level: Main Level
  • Basement: Walkout
  • Basement: Finished
  • Basement Bathrooms: Yes
  • Bedrooms All Levels: 8
  • Above Grade Bedrooms: 8
  • Laundry: Dimensions: 10X10, On Level: Lower
  • Dining Room: Dimensions: 18X12, On Level: Lower
  • Kitchen Type: Dimensions: 20X18, On Level: Lower
  • Additional Rooms: 5th Bedroom, 6th Bedroom, 7th Bedroom, 8th Bedroom
  • Master Bedroom: Dimensions: 15X14, On Level: Main Level
  • Additional Room 1 Name: 5th Bdrm, Dimensions: 10X10, On Level: 2nd Level
  • Additional Room 2 Name: 6th Bdrm, Dimensions: 10X10, On Level: 2nd Level
  • Bedroom 2: Dimensions: 14X12, On Level: Main Level
  • Additional Room 3 Name: 7th Bdrm, Dimensions: 10X9, On Level: 2nd Level
  • Bedroom 3: Dimensions: 13X11, On Level: Main Level
  • Additional Room 4 Name: 8th Bdrm, Dimensions: 10X9, On Level: 2nd Level
  • Bedroom 4: Dimensions: 12X12, On Level: 2nd Level
  • Estimated Sq Ft: 4680
  • Family Room: Dimensions: 24X20, On Level: Lower

Exterior Features

  • Lot Size: 2.0-2.99 Acres
  • Exterior Building Type: Frame
  • Roof Type: Asphalt/Glass (Shingles)
  • Waterfront: Yes
  • Acreage: 2.45

Garage/Parking

  • Number of Cars: 8
  • Parking: Space/s
  • Parking Details: Driveway
  • Number Parking Spaces: 8
  • Driveway: Gravel
  • Parking Included In Price: Yes

Utilities

  • Electricity: Circuit Breakers, 200+ Amp Service
  • Water: Well-Private
  • Sewer: Septic-Private
  • Heating Fuel: Gas

Schools

  • School District: 117
  • Junior High Dist: 36

Lot Info

  • Lot Dimensions: 43,777 SQ FT + 62836 SQ FT
  • Lot Description: Channel Front
  • Parcel Identification Number: 01264040010000

Tax Info

  • Taxes: 4693

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2016
Closed on
Sep 26, 2016
Sold by
American Home Development Llc
Bought by
Pearson David
Seller's Agent
Eddie Moses
Berkshire Hathaway HomeServices Chicago
Buyer's Agent
Michelle Oelkers
Realty World Tiffany R.E.
List Price
$99,800
Sold Price
$70,100
Premium/Discount to List
-$29,700
-29.76%
Current Estimated Value
$310,521

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$240,421
Avg. Annual Appreciation
18.07%

Purchase Details

Closed on
Jun 6, 2016
Sold by
Schellenberger
Bought by
American Home Development

Purchase Details

Closed on
Mar 17, 2002
Sold by
Schellenberger William R and Schellenberger Jean A
Bought by
Schellenberger William R and Schellenberger Jean A

Purchase Details

Closed on
Jan 29, 2001
Sold by
Schellenberger William R and Schellenberger Jean A
Bought by
Schellenberger William R and Schellenberger Jean A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
7.1%

Purchase Details

Closed on
Oct 26, 2000
Sold by
Schellenberger William R and Schellenberger Jean A
Bought by
Schellenberger William R and Schellenberger Jean A
Source: Public Records

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
Pearson David $70,500 Fort Dearborn Title
American Home Development -- Attorney
Schellenberger William R -- --
Schellenberger William R -- --
Schellenberger William R -- Chicago Title Insurance Co
Schellenberger William R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schellenberger William R $205,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/26/2016 09/26/16 Sold $70,100 -29.8% $15 / Sq Ft
08/15/2016 08/15/16 Pending -- -- --
07/28/2016 07/28/16 For Sale $99,800 -- $21 / 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 $1,198 $14,477 $7,991 $6,486
2023 $1,228 $12,963 $7,155 $5,808
2022 $1,228 $13,111 $8,372 $4,739
2021 $1,146 $12,234 $7,812 $4,422
2020 $1,125 $11,896 $7,596 $4,300
2019 $1,159 $11,376 $7,264 $4,112
2018 $1,052 $10,431 $6,106 $4,325
2017 $1,042 $9,929 $5,812 $4,117
2016 $1,034 $32,028 $5,609 $26,419
2015 $2,818 $31,213 $5,466 $25,747
2014 $3,578 $37,687 $12,165 $25,522
2012 $3,556 $39,031 $12,165 $26,866
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09300438

Midwest Real Estate Data (MRED)

APN: 01-26-404-001