NOT LISTED FOR SALE

40388 Reed Ct Wadsworth, IL 60083

Estimated Value: $595,124 - $654,000

4 Beds
4.5 Baths
3,371 Sq Ft
$185/Sq Ft Est. Value

Last Sold February 23, 2024

Last sale price $515,000 $153 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $4,350/month

63 Days on Market

Highlights

  • Multiple Garages
  • 1.33 Acre Lot
  • Mature Trees
  • Millburn Elementary School Rated A-
  • Landscaped Professionally
  • Deck

About This Home

As of February 2024

Welcome to 40388 Reed Ct! This 2 story executive home at The Willows of Wadsworth features panoramic views on 1.3 acres of professionally landscaped grounds. A wide variety of mature trees and vegetation is a year round picturesque backdrop. The open floor plan shows like a model home! Custom upgrades throughout include transom beveled windows, tray ceilings, bay window, custom built work center, and 10-20 ft ceilings. Upon entry you're invited in to the private office with french doors, main level formal living and dining room great for family gatherings. Massive main level kitchen with an abundance of custom cabinetry and solid surface countertops! Family room showcases huge windows overlooking the generously sized deck and private backyard. Also included is an invisible dog fence. Two grand master suites each with a private bath. French doors lead you to the finished English basement featuring the great room, game room, 11 ft corian wet bar, plenty of storage, and double central air & furnace systems. Extended double car driveway with apron. 630 sq ft 3-car garage. Easy access and conveniently located between Hwy 41 and I-94, less than an hour to Chicago or Milwaukee.

Last Agent to Sell the Property

Kimberly Boyle

Cove Real Estate Group License #475190843 Listed on: 11/16/2023

Last Buyer's Agent

Michelle Nunez

Baird & Warner License #475138042

Baird & Warner

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,931

Year Built

  • Built in 2001

Lot Details

  • 1.33 Acre Lot
  • Cul-De-Sac
  • Dog Run
  • Property has an invisible fence for dogs
  • Landscaped Professionally
  • Paved or Partially Paved Lot
  • Mature Trees
  • Wooded Lot

HOA Fees

  • $17 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Multiple Garages
  • Garage Transmitter
  • Garage Door Opener
  • Driveway
  • On-Street Parking
  • Off-Street Parking
  • Parking Space is Owned

Home Design

  • Traditional Architecture
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,371 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Bar Fridge
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Entrance Foyer
  • Family Room with Fireplace
  • Great Room
  • Home Office
  • Game Room
  • Unfinished Attic
  • Storm Screens

Kitchen

  • Double Oven
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Potential Bedrooms
  • Walk-In Closet
  • Dual Sinks
  • Soaking Tub
  • Garden Bath
  • Separate Shower

Laundry

  • Laundry on main level
  • Dryer
  • Washer
  • Laundry Chute

Finished Basement

  • English Basement
  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom
  • Basement Window Egress

Outdoor Features

  • Deck

Schools

  • Millburn C C Elementary And Middle School
  • Warren Township High School

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • Heating System Uses Natural Gas
  • 200+ Amp Service
  • Well
  • Private or Community Septic Tank

Community Details

  • Willows Of Wadsworth Subdivision, Custom Floorplan

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,931

Year Built

Built in 2001

Lot Details

0

HOA Fees

$17 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • ArchitecturalStyle: Traditional
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Subdivision Name: Willows of Wadsworth
  • 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
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Double Oven, Microwave, Dishwasher, Refrigerator, Bar Fridge, Washer, Dryer, Disposal
  • Basement: Full, English
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bathrooms: 5
  • Total Bedrooms: 4
  • Fireplace Features: Gas Log, Gas Starter
  • Fireplaces: 1
  • Interior Amenities: Vaulted/Cathedral Ceilings, Bar-Wet, First Floor Laundry, Walk-In Closet(s)
  • LivingArea: 3371
  • Other Equipment: Humidifier, Ceiling Fan(s)
  • Room Type: Foyer, Office, Great Room, Game Room, Kitchen, Bedroom 5
  • Estimated Total Finished Sq Ft: 4952
  • Basement Description: Finished,Egress Window
  • Bathroom Amenities: Separate Shower,Double Sink,Garden Tub,Soaking Tub
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 1
  • Dining Room: Separate,Combined w/ LivRm
  • Fireplace Location: Family Room
  • Total Sq Ft: 4952
  • Attic: Unfinished
  • ResoLivingAreaSource: Assessor

Exterior Features

  • ExteriorFeatures: Deck, Dog Run, Storms/Screens, Invisible Fence
  • Foundation Details: Concrete Perimeter
  • Lot Features: Cul-De-Sac, Landscaped, Wooded, Mature Trees
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick,Cedar

Garage/Parking

  • Garage Spaces: 3
  • Parking Features: Off Street, Side Apron, Driveway
  • ParkingTotal: 7
  • Driveway: Asphalt
  • Garage Details: Garage Door Opener(s),Transmitter(s),Multiple Garages
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Septic-Private
  • Cooling: Central Air
  • Electric: Circuit Breakers, 200+ Amp Service
  • Heating: Natural Gas, Forced Air
  • Laundry Features: Electric Dryer Hookup, In Unit, Laundry Chute
  • Water Source: Private Well

Condo/Co-op/Association

  • Association Fee: 200
  • Association Fee Frequency: Annually
  • Community Features: Street Lights, Street Paved, Other
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • ResoAssociationFeeFrequency: Annually

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Millburn C C School
  • High School: Warren Township High School
  • Middle/Junior School: Millburn C C School

Lot Info

  • Lot Size Acres: 1.33
  • Lot Dimensions: 57935
  • Rural (Y/N): Y
  • Lot Size: 1.0-1.99 Acres
  • Special Assessments: N
  • Zero Lot Line: No

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 15931.38
  • Tax Year: 2022
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 14, 2024
Sold by
Wells David and Wells Deanna
Bought by
David L Wells Revocable Trust and Deanna L Wells Revocable Trust
Current Estimated Value
$622,531

Purchase Details

Listed on
Nov 16, 2023
Closed on
Feb 20, 2024
Sold by
Hayes Melissa
Bought by
Wells David and Wells Deanna
Seller's Agent
Kimberly Boyle
Cove Real Estate Group
Buyer's Agent
Michelle Nunez
Baird & Warner
List Price
$615,000
Sold Price
$515,000
Premium/Discount to List
-$100,000
-16.26%
Views
110

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.95%
Original Mortgage
$386,250
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 14, 2020
Closed on
May 16, 2020
Sold by
Huber Paul J and Huber Diane
Bought by
Sullivan James O and Hayes Melissa
Seller's Agent
Joyce Freese
HomeSmart Connect LLC
Buyer's Agent
Zina OCallaghan
Keller Williams Thrive
List Price
$419,900
Sold Price
$400,000
Premium/Discount to List
-$19,900
-4.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.95%

Purchase Details

Closed on
Dec 1, 2016
Sold by
Huber Paul J and Huber Diane
Bought by
Huber Paul J and Huber Diane

Purchase Details

Closed on
Feb 28, 2001
Sold by
Fisher Bernadine and Fisher Gerald
Bought by
Huber Paul J and Huber Diane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,400
Interest Rate
7.75%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
David L Wells Revocable Trust -- None Listed On Document
Wells David $515,000 First American Title
Sullivan James O $400,000 Attorney S Ttl Guaranty Fund
Huber Paul J -- Attorney
Huber Paul J $72,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wells David $386,250
Previous Owner Huber Paul J $318,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/23/2024 02/23/24 Sold $515,000 -16.3% $153 / Sq Ft
01/19/2024 01/19/24 Pending -- -- --
01/11/2024 01/11/24 Price Changed $615,000 0.0% $182 / Sq Ft
01/11/2024 01/11/24 For Sale $615,000 +19.4% $182 / Sq Ft
12/26/2023 12/26/23 Off Market $515,000 -- --
11/30/2023 11/30/23 Price Changed $630,000 -3.1% $187 / Sq Ft
11/16/2023 11/16/23 For Sale $650,000 +62.5% $193 / Sq Ft
05/20/2020 05/20/20 Sold $400,000 -4.7% $119 / Sq Ft View Prior Sale
04/04/2020 04/04/20 Pending -- -- --
01/14/2020 01/14/20 For Sale $419,900 -- $125 / 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 $12,886 $140,698 $33,762 $106,936
2023 $15,931 $138,252 $33,175 $105,077
2022 $15,931 $139,224 $33,263 $105,961
2021 $15,368 $136,493 $32,036 $104,457
2020 $16,444 $147,148 $31,291 $115,857
2019 $15,608 $141,312 $30,050 $111,262
2018 $14,372 $136,545 $35,440 $101,105
2017 $14,242 $134,013 $34,783 $99,230
2016 $13,657 $129,531 $33,620 $95,911
2015 $13,106 $122,326 $31,750 $90,576
2014 $12,964 $118,971 $30,879 $88,092
2012 $11,855 $120,955 $31,394 $89,561
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11926803

Midwest Real Estate Data (MRED)

APN: 03-21-404-005