402 Channel Dr Island Lake, IL 60042
East Island Lake Neighborhood
2
Beds
2
Baths
1,594
Sq Ft
9,148
Sq Ft Lot
Highlights
- Property fronts a channel
- Deck
- Formal Dining Room
- Community Lake
- Home Office
- 1-minute walk to Channel Park
About This Home
As of May 2025Backs to water channel accessing Island Lake with kayak dock. Privacy and serenity abounds in this one of a kind home. Come see the Japanese gardens with rare plants, brick and stone adorn along with two working Japanese fountains and bamboo trellises. Channel front provides access to Island Lake for a nice afternoon of boating, fishing, or kayaking. So much to see with this unique floor plan providing lots of room for entertaining or hobbies. Large garage for storage. Investors or rehabbers may also want to check it out, lots of potential.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,299
Year Built
- Built in 1952
Lot Details
- 9,148 Sq Ft Lot
- Lot Dimensions are 60x160
- Property fronts a channel
Parking
- 2.5 Car Garage
- Parking Included in Price
Home Design
- Step Ranch
Interior Spaces
- 1,594 Sq Ft Home
- Family Room
- Living Room
- Formal Dining Room
- Home Office
- Range
- Laundry Room
Flooring
- Carpet
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Potential Bedrooms
- 2 Full Bathrooms
Outdoor Features
- Deck
Schools
- Cotton Creek Elementary School
- Matthews Middle School
- Wauconda Community High School
Utilities
- Heating System Uses Steam
- Heating System Uses Natural Gas
Community Details
- Island Lake Estates Subdivision
- Community Lake
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 27, 2025
Closed on
May 10, 2025
Sold by
Metzger James R
Bought by
Kreiman Kathryn
Seller's Agent
Steve Merritt
eXp Realty
Buyer's Agent
Pete Mangione
Coldwell Banker Realty
List Price
$230,000
Sold Price
$210,000
Premium/Discount to List
-$20,000
-8.7%
Views
292
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,163
Avg. Annual Appreciation
21.13%
Purchase Details
Closed on
Sep 1, 2023
Sold by
Metzger James R
Bought by
Metzger James R and Metzger Garrett
Purchase Details
Listed on
Sep 30, 2014
Closed on
Oct 20, 2014
Sold by
Fannie Mae
Bought by
Metzger James R
Seller's Agent
Mary Schorr
AMR Properties INC
Buyer's Agent
Stephen Kovac
Century 21 Circle
List Price
$69,900
Sold Price
$75,100
Premium/Discount to List
$5,200
7.44%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.51%
Original Mortgage
$90,000
Interest Rate
4.21%
Mortgage Type
Unknown
Purchase Details
Closed on
Aug 22, 2014
Sold by
Neal Daniel A O
Bought by
Federal National Mortgage Association
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
4.21%
Mortgage Type
Unknown
Similar Homes in Island Lake, IL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $210,000 | Carrington Title Partners | |
| Deed | -- | None Listed On Document | |
| Special Warranty Deed | $75,100 | Attorneys Title Guaranty Fun | |
| Sheriffs Deed | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $90,000 | Unknown | |
| Previous Owner | $89,000 | Credit Line Revolving | |
| Previous Owner | $100,600 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/15/2025 05/15/25 | Sold | $210,000 | -8.7% | $132 / Sq Ft |
| 04/21/2025 04/21/25 | Pending | -- | -- | -- |
| 04/16/2025 04/16/25 | For Sale | $230,000 | 0.0% | $144 / Sq Ft |
| 04/04/2025 04/04/25 | Pending | -- | -- | -- |
| 04/02/2025 04/02/25 | Price Changed | $230,000 | -11.5% | $144 / Sq Ft |
| 03/27/2025 03/27/25 | Price Changed | $259,900 | 0.0% | $163 / Sq Ft |
| 03/27/2025 03/27/25 | For Sale | $259,900 | +246.1% | $163 / Sq Ft |
| 10/24/2014 10/24/14 | Sold | $75,100 | +7.4% | $47 / Sq Ft |
| 10/13/2014 10/13/14 | Pending | -- | -- | -- |
| 09/30/2014 09/30/14 | For Sale | $69,900 | -- | $44 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $2,552 | $83,739 | $23,292 | $60,447 |
| 2023 | $2,552 | $69,585 | $19,355 | $50,230 |
| 2022 | $3,299 | $63,307 | $20,186 | $43,121 |
| 2021 | $4,799 | $59,820 | $19,074 | $40,746 |
| 2020 | $3,401 | $57,015 | $18,180 | $38,835 |
| 2019 | $3,140 | $53,885 | $17,182 | $36,703 |
| 2018 | $3,548 | $45,573 | $15,001 | $30,572 |
| 2017 | $3,539 | $45,046 | $14,828 | $30,218 |
| 2016 | $3,320 | $42,658 | $14,042 | $28,616 |
| 2015 | $3,118 | $39,161 | $12,891 | $26,270 |
| 2014 | $4,625 | $41,039 | $15,403 | $25,636 |
| 2012 | $4,519 | $47,519 | $14,737 | $32,782 |
Source: Public Records
Agents Affiliated with this Home
-
Steve Merritt
Seller's Agent in 2025
Steve Merritt
eXp Realty
(630) 202-2700
1 in this area
180 Total Sales
-
Pete Mangione
Buyer's Agent in 2025
Pete Mangione
Coldwell Banker Realty
(312) 339-1874
1 in this area
115 Total Sales
-
M
Seller's Agent in 2014
Mary Schorr
AMR Properties INC
-
Stephen Kovac
Buyer's Agent in 2014
Stephen Kovac
Century 21 Circle
(847) 702-8701
43 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12281381
APN: 09-21-103-034
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