NOT LISTED FOR SALE

405 Seafarer Dr Unit 1 Third Lake, IL 60030

Estimated Value: $432,000 - $505,000

3 Beds
2.5 Baths
2,258 Sq Ft
$209/Sq Ft Est. Value

Last Sold November 09, 2022

Last sale price $400,000 $177 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $3,715/month

2 Days on Market

Highlights

  • Lake Front
  • Boat Dock
  • Community Lake
  • Grayslake North High School Rated A
  • Mature Trees
  • Deck

About This Home

As of November 2022

Enjoy waterfront living on private Druce Lake! Swimming, fishing, kayaking, paddle boarding! Desirable Mariner's Cove awaits you...up north feel while still close to the downtown Grayslake shopping, restaurant and social scene. Outdoor enthusiasts can also partake in 1250 acres of trails in nearby Rollins Savanna Forest Preserve. This home features gorgeous knotty pine hardwood floors and trim throughout the main level. Large family room is open to the kitchen with fantastic views of the water. 3 bedrooms + a bonus room on the 2nd level with brand new carpet. Finished basement offers additional entertaining space. Mariners Cove allows access to Druce Lake & Third Lake. Druce Lake is non-motorized. Use your jet ski and power boats on adjoining Third Lake.

Last Agent to Sell the Property

Dawn Sullivan

@properties Christie's International Real Estate License #475169346 Listed on: 10/05/2022

@properties Christie's International Real Estate

Last Buyer's Agent

Joanna Elrod

Keller Williams North Shore West License #475172583

Keller Williams North Shore West

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,461

Year Built

  • Built in 1986

Lot Details

  • 0.3 Acre Lot
  • Lake Front
  • Mature Trees

HOA Fees

  • $13 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Brick Driveway
  • Parking Included in Price

Home Design

  • Asphalt Roof
  • Cedar

Interior Spaces

  • 2,258 Sq Ft Home
  • 2-Story Property
  • Whole House Fan
  • Skylights
  • Wood Burning Fireplace
  • Family Room with Fireplace
  • Living Room
  • Formal Dining Room
  • Bonus Room
  • Water Views
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Partially Carpeted

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms

Laundry

  • Laundry Room
  • Laundry on main level

Outdoor Features

  • Tideland Water Rights
  • Deck

Location

  • Property is near a park

Schools

  • Avon Center Elementary School
  • Grayslake Middle School
  • Grayslake North High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include lake rights
  • Wendy Kotulla Association, Phone Number (847) 770-1026
  • Mariners Cove Subdivision
  • Property managed by Mariner's Cove
  • Community Lake

Recreation

  • Boat Dock

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,461

Year Built

Built in 1986

Lot Details

0

HOA Fees

$13 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple w/ HO Assn.
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Subdivision Name: Mariners Cove
  • Year Built: 1986
  • Age: 31-40 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Full
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Interior Amenities: Skylight(s), Hardwood Floors, First Floor Laundry, Some Carpeting, Separate Dining Room
  • LivingArea: 2258
  • Other Equipment: Fan-Whole House, Backup Sump Pump;
  • Room Type: Bonus Room
  • Estimated Total Finished Sq Ft: 0
  • Assessed Sq Ft: 3991
  • Basement Description: Partially Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Fireplace Location: Family Room
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Assessor

Exterior Features

  • ExteriorFeatures: Deck
  • List Price: 400000
  • Lot Features: Lake Front, Water View, Mature Trees
  • Roof: Asphalt
  • Waterfront: Yes
  • Exterior Building Type: Cedar

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Driveway: Brick
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 150
  • Association Fee Frequency: Annually
  • Community Features: Park, Lake, Dock, Water Rights, Sidewalks, Street Lights
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Mariner's Cove
  • Management Contact Name: Wendy Kotulla
  • Management Phone: 847-770-1026
  • ResoAssociationFeeFrequency: Annually

Fee Information

  • Association Fee Includes: Lake Rights

Schools

  • Elementary School: Avon Center Elementary School
  • High School: Grayslake North High School
  • Middle/Junior School: Grayslake Middle School
  • Middle/Junior School District: 46

Lot Info

  • Lot Size Acres: 0.3
  • Lot Dimensions: 13055
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 10460.88
  • Tax Year: 2021
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2022
Closed on
Oct 31, 2022
Sold by
Dave Carey Revocable Trust
Bought by
Vanlaningham Timothy and Vanlaningham Natalie
Seller's Agent
Dawn Sullivan
@properties Christie's International Real Estate
Buyer's Agent
Joanna Elrod
Keller Williams North Shore West
List Price
$400,000
Sold Price
$400,000
Views
25
Current Estimated Value
$472,794

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,794
Avg. Annual Appreciation
7.62%
Original Mortgage
$250,000
Interest Rate
7.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 29, 2003
Sold by
Carey Catherine C
Bought by
Carey Dave and Dave Carey Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,700
Interest Rate
6.44%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 31, 2001
Sold by
Carey David A
Bought by
Carey Dave and Dave Carey Revocable Trust

Purchase Details

Closed on
Apr 22, 1996
Sold by
Ehlert Raymond F and Ehlert Mary Anne
Bought by
Carey David A and Carey Catherine C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.91%

Purchase Details

Closed on
Nov 1, 1993
Sold by
Kim Tofel David D and Kim Neal
Bought by
Ehlert Raymond F and Ehlert Mary Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
6.82%
Source: Public Records

Range of Values:

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Average Value
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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
Vanlaningham Timothy $400,000 --
Carey Dave -- --
Carey Dave -- --
Carey David A $240,000 Republic Title Company
Ehlert Raymond F $165,333 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vanlaningham Timothy $250,000
Previous Owner The Dave Carey Revocable Trust $129,500
Previous Owner Carey Dave $192,700
Previous Owner Carey David A $200,000
Previous Owner Ehlert Raymond F $125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2022 11/09/22 Sold $400,000 0.0% $177 / Sq Ft
10/08/2022 10/08/22 Pending -- -- --
10/05/2022 10/05/22 For Sale $400,000 -- $177 / 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 $12,826 $137,745 $23,404 $114,341
2023 $11,153 $121,726 $20,683 $101,043
2022 $11,153 $103,180 $21,705 $81,475
2021 $10,461 $94,324 $19,842 $74,482
2020 $10,752 $92,005 $19,354 $72,651
2019 $10,505 $89,334 $18,792 $70,542
2018 $8,845 $75,385 $22,035 $53,350
2017 $8,931 $73,225 $21,404 $51,821
2016 $8,925 $69,965 $20,451 $49,514
2015 $8,995 $66,355 $19,396 $46,959
2014 $12,093 $90,172 $19,133 $71,039
2012 $11,110 $90,863 $19,280 $71,583
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11645929

Midwest Real Estate Data (MRED)

APN: 07-19-107-001