NOT LISTED FOR SALE

40450 N South Newport Dr Antioch, IL 60002

Newport Cove Neighborhood

Estimated Value: $68,000 - $592,000

0.16 Acre
$1,630,110 Price per Acre
6,752 Sq Ft Lot

Last Sold May 21, 2024

Last sale price $56,000

Est. 351% increase in value since last sale

Current estimated payment $1,530/month

461 Days on Market

About This Lot

As of May 2024

Cottage Lot #46 with a pond view in the upscale waterfront community of Newport Cove. Bring your own builder or use New American Homes, who has built many of the homes in Newport Cove. Seller has renderings for a ranch home with 3 car garage and look out basement. This unique coastal-style development offers a natural setting with 15 acres of open space. Beautifully landscaped common areas with an abundance of native plants, a waterfront park with walking and cart paths and it's own Marina for residents only on beautiful Bluff lake. Piers can be rented or purchased. Living the lake life in a beautiful new home with your exterior maintained (snow and lawn care) by the association can be yours.

Last Agent to Sell the Property

Michelle Goldstein

Lakes Realty Group License #475156003 Listed on: 01/09/2023

Last Buyer's Agent

Patricia Smarto

Lakes Realty Group License #471000052

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,203

Lot Details

  • Lot Dimensions are 48x13x118x60x118
  • Waterfront
  • Property fronts a private road

Property Views

  • Water Views

Schools

  • Grass Lake Elementary School

Utilities

  • Electricity To Lot Line
  • Gas Available
  • Private Company Owned Well

Property Details

Property Type

Land

Est. Annual Taxes

$2,203

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Type: Land
  • Ownership: Fee Simple w/ HO Assn.
  • Current Use: Single Family
  • Road Surface Type: Asphalt
  • General Information: None
  • ResoPropertyType: Land
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Single Family
  • Basement Bathrooms: No

Exterior Features

  • Frontage Length: 61
  • Frontage Type: Private Road, Paved
  • List Price: 59900
  • Waterfront: Yes

Utilities

  • Utilities: Electric to Site, Gas to Site, Well Private

Schools

  • Elementary School: Grass Lake Elementary School
  • Middle/Junior School: Grass Lake Elementary School
  • Middle/Junior School District: 36

Lot Info

  • Lot Dimensions: 48X13X118X60X118
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N
  • Land Amenities: Dock-Community,Lawn Care,Snow Removal,Water Rights
  • Land Description: Pond/Lake

Rental Info

  • Board Number: 10
  • Rental Price: 0

Building Info

  • Building(s) on Land: No

Tax Info

  • Tax Annual Amount: 95.06
  • Tax Year: 2022
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2023
Closed on
May 16, 2024
Sold by
John C Stermer Trust and Jana H Stermer Trust
Bought by
William W Wright Revocable Living Trust and Margot Jill Wright Revocable Living Trust
Seller's Agent
Michelle Goldstein
Lakes Realty Group
Buyer's Agent
Patricia Smarto
Lakes Realty Group
List Price
$59,900
Sold Price
$56,000
Premium/Discount to List
-$3,900
-6.51%
Views
284
Current Estimated Value
$252,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$196,667
Avg. Annual Appreciation
218.68%

Purchase Details

Closed on
Oct 28, 2022
Sold by
Stermer John and Stermer Jana
Bought by
John C Stermer Trust and Jana H Stermer Trust
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
William W Wright Revocable Living Trust $56,000 Chicago Title
John C Stermer Trust -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bluff Lake Venture Llc $258,000
Previous Owner Bluff Lake Venture Llg $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2024 05/21/24 Sold $56,000 -6.5% --
04/15/2024 04/15/24 Pending -- -- --
01/07/2024 01/07/24 For Sale $59,900 +7.0% --
01/06/2024 01/06/24 Off Market $56,000 -- --
10/04/2023 10/04/23 Price Changed $59,900 -14.4% --
01/09/2023 01/09/23 For Sale $70,000 -- --
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 $2,203 $26,617 $26,617 --
2023 $2,203 $23,833 $23,833 --
2022 $95 $1,015 $1,015 $0
2021 $89 $947 $947 $0
2020 $87 $921 $921 $0
2019 $90 $881 $881 $0
2018 $91 $902 $902 $0
2017 $90 $859 $859 $0
2016 $89 $829 $829 $0
2015 $90 $808 $808 $0
2014 $123 $1,181 $1,181 $0
2012 $118 $1,181 $1,181 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11697998

Midwest Real Estate Data (MRED)

APN: 01-24-303-026