Seller's Agent in 2025
Valerie Gleason
Baird Warner
(847) 341-1856
4 in this area
30 Total Sales
404 Melrose Dr Tower Lakes, IL 60010
Tower Lake NeighborhoodEstimated Value: $466,651 - $545,000
3
Beds
3
Baths
2,400
Sq Ft
$213/Sq Ft
Est. Value
Highlights
- Water Views
- Mature Trees
- Deck
- North Barrington Elementary School Rated A
- Community Lake
- Property is near a park
About This Home
As of March 2025Welcome to a very special home filled with the warmth and charm of yesteryear, yet with all the conveniences of today. Both indoor and outdoor spaces celebrate nature with sweeping perennial gardens, two composite decks and views of the lake from many windows. Relax in the huge family room with ledgestone fireplace, vaulted ceiling, access to both decks plus sparkling lake views and awesome sunsets. Updated kitchen, also with views, has newer cherry cabinets, all stainless appliances, granite counters, butlers pantry with working desk, ample table space and sliders to the back deck. Cozy up to the beautiful stone fireplace in the living room/dining room area. Walk out to the side deck. Bright and cheery sunroom is the perfect place to set up your in-home office-also with deck access! A very spacious primary suite features a vaulted ceiling, wall of windows with lake views, his and hers closets, built-in bookcases, window seat with storage and a large primary bathroom with oversized clear glass shower. Plenty of storage in the basement and under the family room addition. This home is close to all of the amenities including lake with private beach, boat landing, tennis courts, volleyball, playground and sports field. Fishing, swimming, boating and social activities for all throughout the year. Relax and unwind as you are surrounded by nature, a beautiful lake, islands, parks and mature trees. You'll discover a lifestyle that is like no other! Award winning Barrington school District 220.
Last Agent to Sell the Property
Baird & Warner License #475103665 Listed on: 10/11/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $8,895
Year Built
- Built in 1934
Lot Details
- 0.29 Acre Lot
- Lot Dimensions are 100x125
- Mature Trees
- Garden
- Additional Parcels
HOA Fees
- $75 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- Garage Transmitter
- Garage Door Opener
- Driveway
- Parking Included in Price
Home Design
- Traditional Architecture
- Block Foundation
- Asphalt Roof
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 2,400 Sq Ft Home
- 2-Story Property
- Built-In Features
- Ceiling Fan
- Skylights
- Gas Log Fireplace
- Family Room with Fireplace
- 2 Fireplaces
- Living Room with Fireplace
- Sitting Room
- Combination Dining and Living Room
- Home Office
- Water Views
Kitchen
- Range
- Microwave
- Dishwasher
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Potential Bedrooms
- Bathroom on Main Level
- 3 Full Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Unfinished Basement
- Partial Basement
- Sump Pump
Outdoor Features
- Tideland Water Rights
- Deck
Location
- Property is near a park
Schools
- North Barrington Elementary Scho
- Barrington Middle School-Station
- Barrington High School
Utilities
- Central Air
- Heating System Uses Natural Gas
- Shared Well
- Water Softener is Owned
- Private or Community Septic Tank
Listing and Financial Details
- Senior Tax Exemptions
- Homeowner Tax Exemptions
Community Details
Overview
- Association fees include lake rights
- Tower Lakes Subdivision, Custom Floorplan
- Community Lake
Recreation
- Tennis Courts
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 11, 2024
Closed on
Mar 6, 2025
Sold by
Gregory D Sandkam Living Trust and Ellen E Sandkam Living Trust
Bought by
Rathbone Donna
Seller's Agent
Valerie Gleason
Baird & Warner
Buyer's Agent
Michael Harris
Baird & Warner
List Price
$550,000
Sold Price
$505,000
Premium/Discount to List
-$45,000
-8.18%
Views
227
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
$5,663
Avg. Annual Appreciation
-2.23%
Original Mortgage
$404,000
Outstanding Balance
$403,644
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$95,469
Purchase Details
Closed on
Aug 26, 2018
Sold by
Crimmins Robert A and Crimmins Ruth E
Bought by
Sandkam Gregory D and Sandkam Ellen E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,738
Interest Rate
4.75%
Mortgage Type
New Conventional
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Rathbone Donna | $505,000 | None Listed On Document | |
| Sandkam Gregory D | $397,500 | Fidelity National Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Rathbone Donna | $404,000 | |
| Previous Owner | Sandkam Gregory D | $152,738 | |
| Previous Owner | Crimmins Robert A | $229,000 | |
| Previous Owner | Crimmins Robert | $220,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/07/2025 03/07/25 | Sold | $505,000 | -8.2% | $210 / Sq Ft |
| 02/10/2025 02/10/25 | Pending | -- | -- | -- |
| 02/05/2025 02/05/25 | For Sale | $550,000 | 0.0% | $229 / Sq Ft |
| 01/30/2025 01/30/25 | Pending | -- | -- | -- |
| 12/26/2024 12/26/24 | For Sale | $550,000 | +8.9% | $229 / Sq Ft |
| 12/13/2024 12/13/24 | Off Market | $505,000 | -- | -- |
| 12/06/2024 12/06/24 | Pending | -- | -- | -- |
| 11/07/2024 11/07/24 | Price Changed | $550,000 | -1.6% | $229 / Sq Ft |
| 10/11/2024 10/11/24 | For Sale | $559,000 | -- | $233 / 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 | $8,162 | $121,028 | $9,990 | $111,038 |
| 2023 | $8,162 | $110,305 | $9,105 | $101,200 |
| 2022 | $9,181 | $118,171 | $10,300 | $107,871 |
| 2021 | $9,027 | $116,162 | $10,125 | $106,037 |
| 2020 | $9,213 | $115,803 | $10,094 | $105,709 |
| 2019 | $7,192 | $90,977 | $9,828 | $81,149 |
| 2018 | $6,652 | $85,517 | $10,351 | $75,166 |
| 2017 | $6,607 | $83,799 | $10,143 | $73,656 |
| 2016 | $5,852 | $80,638 | $9,760 | $70,878 |
| 2015 | $5,576 | $75,631 | $9,154 | $66,477 |
| 2014 | $6,412 | $83,491 | $7,688 | $75,803 |
| 2012 | $6,221 | $84,926 | $7,820 | $77,106 |
Source: Public Records
Agents Affiliated with this Home
-
Valerie Gleason
-
Michael Harris
Buyer's Agent in 2025
Michael Harris
Baird Warner
(708) 975-0075
1 in this area
41 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12182011
APN: 13-02-119-012
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