NOT LISTED FOR SALE

5 Traverse Ln Galena, IL 61036

Estimated Value: $374,000 - $447,000

3 Beds
4 Baths
2,156 Sq Ft
$189/Sq Ft Est. Value

Last Sold January 17, 2023

Last sale price $370,000 $172 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $2,751/month

8 Days on Market

Highlights

  • Deck
  • Wooded Lot
  • Main Floor Primary Bedroom
  • River Ridge Middle School Rated 10
  • Vaulted Ceiling
  • Whirlpool Bathtub

About This Home

As of January 2023

Secluded and scenic! Follow the natural stone pathway into the woods to find this beautifully appointed 3 bed/4 bath Galena Territory retreat nestled amidst the trees on heavily wooded 1 acre lot offering incredible privacy, breathtaking forested views, and abundant nature. Covered front entry opens to airy main level featuring great room style living area with cathedral ceiling, a multitude of windows that frame in the wooded surround, skylights above for added light, and inviting woodburning fireplace with gas starter, open dining area with direct access to large screen porch and deck, stunning kitchen with gorgeous Shaker-style cabinetry, Corian counters, center island with breakfast bar seating, tile backsplash, and black appliances that include downdraft range with grill and griddle, convenient full bath sited just beyond and adjacent to laundry closet with stack washer/dryer, and spacious master bedroom with vaulted ceiling, amazing decorative windows that accentuate the wooded beauty beyond and flood the room with light, and private bath with Corian topped vanity, sunken whirlpool tub with huge skylight above, and separate shower. Head upstairs to be greeted by two comfortable guest bedrooms each with soaring vaulted ceilings, exposed wood beamed accents, and tall decorative windows offering elevated, wooded scenery, and a nicely appointed full bath with corner shower, Corian topped vanity, and linen closet. Expansive walkout lower level offers a retreat within the retreat and houses generous family room with ample space for pool table area and separate seating area, office/bonus room that could be used for additional sleeping space with direct access to the well-adorned full bath with Corian topped vanity and tub/shower combo, and storage/utility room with lots of added square footage, two enclosed storage spaces within, and service door to rear yard. Relax, unwind, and enjoy the outdoors from the screened porch or rear deck, both allowing a great vantage point to observe the abundant wildlife and lush forest. Property is registered as a Certified Wildlife Habitat, with frequent visitors that include deer, turkeys, and hummingbirds. Low maintenance grounds are highlighted by Crown Vetch yard area and ferns. Asphalt parking pad for vehicles with natural limestone retaining wall accent. Location offers convenient access to all the amenities of The Galena Territory, including Lake Galena and Owners' Club with indoor pool, outdoor pool, fitness facility, multi-purpose gym, and outdoor tennis courts, and sits just down the road from Eagle Ridge's "The General" Golf Course, new Country Store and recently renovated Highlands Restaurant and Lounge. Just a short drive to all the shopping, dining and festivities of downtown Galena. Pool table will remain "as-is".

Last Agent to Sell the Property

Damon Heim

COLDWELL BANKER NETWORK REALTY License #471000758 Listed on: 11/12/2022

COLDWELL BANKER NETWORK REALTY

Last Buyer's Agent

Peter Brennan

COLDWELL BANKER NETWORK REALTY License #471008765

COLDWELL BANKER NETWORK REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,630

Year Built

  • Built in 1993

Lot Details

  • 1 Acre Lot
  • Wooded Lot

HOA Fees

  • $113 Monthly HOA Fees

Parking

  • Paved Parking

Home Design

  • Shingle Roof
  • Wood Siding

Interior Spaces

  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Wood Burning Fireplace
  • Window Treatments
  • Great Room
  • Screened Porch

Kitchen

  • Electric Range
  • Stove
  • Microwave
  • Dishwasher
  • Solid Surface Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • Whirlpool Bathtub

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Outdoor Features

  • Deck

Schools

  • River Ridge Elementary And Middle School
  • River Ridge High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Propane
  • Water Filtration System
  • Gas Water Heater
  • Fuel Tank
  • Septic System

Community Details

  • Association fees include pool access, water access, clubhouse, garbage
  • The community has rules related to covenants

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,630

Year Built

Built in 1993

Lot Details

0

HOA Fees

$113 per month

Listing Details

  • Interior Amenities: Ceiling Fans/Remotes, Ceiling-Vaults/Cathedral, Countertop-Solid Surface, Walk-In Closet, Water Filteration System, Whirlpool Tub, Window Treatments
  • Road Frontage: Hard Surface Road
  • Type: Wooded, Covenants, Restrictions, Subdivision
  • Electric: Circuit Breaker
  • Additional Room 5: Office, Dimensions: 12.6x11.6, On Level: Lower
  • Appliances That Stay or Are Included: Dishwasher, Dryer, Microwave, Refrigerator, Stove/Cooktop, Washer, LP Gas Tank
  • Class: HOUSE
  • Estimated Above Grade Sq Ft: 1179
  • Estimated Below Grade Finished Sq Ft: 600
  • Exemptions: Owner, Senior, Senior Freeze
  • Fee Includes: Pool Access, Water Access, Clubhouse, Garbage
  • Front: 164.36
  • General Features: Basement Entrance, County Taxes, Deck, Great Room, Laundry 1st Floor, L.L. Finished Space, Main Floor Master, Skylight(s), Porch Screened
  • Grid: Galena Territory
  • Hoa Fee Frequency: Yearly
  • Legal Description: To follow on deed at closing.
  • Lot Acreage: 1
  • Lvt Date: 11/13/2022
  • Number of Lower Level Full Bathrooms: 1
  • Number of Main Level Full Bathrooms: 2
  • Number of Upper Level Full Bathrooms: 1
  • Rear: 204.48
  • Side 1: 257.24
  • Side 2: 258.39
  • Stove Range Fuel: Electric
  • Type: House
  • Agent Only_ L A1 User Code: F_530
  • Egress: Yes
  • Elementary School: River Ridge
  • Estimated Total Finished Sq Ft: 2156
  • Estimated Upper Sq Ft: 377
  • Garage Type Driveway: Asphalt, None
  • Hold Earnest Money Y N: Yes
  • Pertinent Facts: Secluded and scenic! Follow the natural stone pathway into the woods to find this beautifully appointed 3 bed/4 bath Galena Territory retreat nestled amidst the trees on heavily wooded 1 acre lot offering incredible privacy, breathtaking forested views, and abundant nature. Covered front entry opens to airy main level featuring great room style living area with cathedral ceiling, a multitude of windows that frame in the wooded surround, skylights above for added light, and inviting woodburning fireplace with gas starter, open dining area with direct access to large screen porch and deck, stunning kitchen with gorgeous Shaker-style cabinetry, Corian counters, center island with breakfast bar seating, tile backsplash, and black appliances that include downdraft range with grill and griddle, convenient full bath sited just beyond and adjacent to laundry closet with stack washer/dryer, and spacious master bedroom with vaulted ceiling, amazing decorative windows that accentuate the wooded beauty beyond and flood the room with light, and private bath with Corian topped vanity, sunken whirlpool tub with huge skylight above, and separate shower. Head upstairs to be greeted by two comfortable guest bedrooms each with soaring vaulted ceilings, exposed wood beamed accents, and tall decorative windows offering elevated, wooded scenery, and a nicely appointed full bath with corner shower, Corian topped vanity, and linen closet. Expansive walkout lower level offers a retreat within the retreat and houses generous family room with ample space for pool table area and separate seating area, office/bonus room that could be used for additional sleeping space with direct access to the well-adorned full bath with Corian topped vanity and tub/shower combo, and storage/utility room with lots of added square footage, two enclosed storage spaces within, and service door to rear yard. Relax, unwind, and enjoy the outdoors from the screened porch or rear deck, both allowing a great vantage point to observe the abundant wildlife and lush forest. Property is registered as a Certified Wildlife Habitat, with frequent visitors that include deer, turkeys, and hummingbirds. Low maintenance grounds are highlighted by Crown Vetch yard area and ferns. Asphalt parking pad for vehicles with natural limestone retaining wall accent. Location offers convenient access to all the amenities of The Galena Territory, including Lake Galena and Owners' Club with indoor pool, outdoor pool, fitness facility, multi-purpose gym, and outdoor tennis courts, and sits just down the road from Eagle Ridge's "The General" Golf Course, new Country Store and recently renovated Highlands Restaurant and Lounge. Just a short drive to all the shopping, dining and festivities of downtown Galena. Pool table will remain "as-is".
  • Rental License: No
  • Designated Managing Broker Y N: No
  • Estimated Above Grade Sq Ft: 1556
  • L O1 Brokerage Number: 478010163
  • S O1 Brokerage Number: 478010163
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 3
  • Basement Type: Full
  • Master Bedroom: Dimensions: 14'4x12'6, On Level: Main
  • Fireplace Type: Wood
  • Basement: Basement Entrance, Finished
  • Bedroom 2: Dimensions: 12'3x10'1, On Level: Upper
  • Bedroom 3: Dimensions: 12'3x11'9, On Level: Upper
  • Dining Room: Yes, On Level: Main, Dimensions: 14'4x12'1
  • Family Room: Yes, On Level: Lower, Dimensions: 26'2x15'4
  • Fireplace: Yes
  • Full Bathrooms: 4
  • Kitchen: Dimensions: 14'9x11'6, On Level: Main
  • Living Room: Yes, On Level: Main, Dimensions: 14'5x14'4
  • Number Of Fireplaces: 1
  • Price Per Sq Ft: 171.61
  • Total Bathrooms: 4
  • Basement: Yes

Exterior Features

  • Exterior: Wood
  • Roof: Shingle

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Propane
  • Sewer: Septic
  • Water: City/Community
  • Water Heater: LP Gas

Condo/Co-op/Association

  • HOA Fees: 1360

Schools

  • School District: River Ridge
  • Elementary School: River Ridge
  • Middle School: River Ridge
  • High School: River Ridge

Building Info

  • Year Built: 1993

Tax Info

  • Year: 2021
  • Taxes: 3630

MLS Schools

  • HighSchool: River Ridge
  • School District: River Ridge
  • Middle School: River Ridge

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 12, 2022
Closed on
Jan 17, 2023
Sold by
Sprovieri Kristel Trust
Bought by
Milz Family 2017 Trust
Seller's Agent
Damon Heim
COLDWELL BANKER NETWORK REALTY
Buyer's Agent
Peter Brennan
COLDWELL BANKER NETWORK REALTY
List Price
$374,900
Sold Price
$370,000
Premium/Discount to List
-$4,900
-1.31%
Views
93
Current Estimated Value
$408,544

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,544
Avg. Annual Appreciation
3.68%
Original Mortgage
$296,000
Outstanding Balance
$286,283
Interest Rate
6.27%
Mortgage Type
Construction
Estimated Equity
$122,261
Source: Public Records

Range of Values:

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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
Milz Family 2017 Trust $370,000 Attorney Only
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Milz Family 2017 Trust $296,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/17/2023 01/17/23 Sold $370,000 -1.3% $172 / Sq Ft
11/20/2022 11/20/22 Pending -- -- --
11/12/2022 11/12/22 For Sale $374,900 -- $174 / Sq Ft
Source: NorthWest Illinois Alliance of REALTORS®

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 $5,659 $113,396 $2,401 $110,995
2023 $5,389 $99,105 $2,098 $97,007
2022 $5,389 $73,439 $1,566 $71,873
2021 $3,630 $68,106 $1,452 $66,654
2020 $4,055 $66,989 $1,313 $65,676
2019 $3,969 $65,869 $1,291 $64,578
2018 $3,915 $66,676 $1,307 $65,369
2017 $3,843 $66,676 $1,307 $65,369
2016 $3,783 $66,968 $11,846 $55,122
2015 $3,768 $66,968 $11,846 $55,122
2014 $3,735 $71,413 $12,632 $58,781
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202207350

NorthWest Illinois Alliance of REALTORS®

APN: 08-122-003-00