NOT LISTED FOR SALE

500 Inverness Dr Gurnee, IL 60031

Estimated Value: $619,000 - $677,000

4 Beds
2.5 Baths
3,577 Sq Ft
$183/Sq Ft Est. Value

Last Sold October 03, 2022

Last sale price $539,000 $151 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $5,101/month

20 Days on Market

Highlights

  • In Ground Pool
  • Deck
  • Wood Flooring
  • Woodland Elementary School Rated A-
  • Vaulted Ceiling
  • Whirlpool Bathtub

About This Home

As of October 2022

You will LOVE all this home has to offer. Fantastic floor plan in desirable Rolling Ridge on a dead-end quiet cul-de-sac location. From the moment you pull up to the inviting front porch with mature landscaping, Enter into a 2-story foyer leading to the living room and dining room with nine-foot ceilings. The spacious 2-story family room has an inviting fireplace opening to the dual staircase to the second floor. The abundance of 42 inch white panel cabinets, Corian counters and newer stainless steel double built-in oven. There is plenty of seating in the large breakfast area over the expansive deck. The first-floor den offers built-in cabinets and shelving. The laundry room boasts white panel base cabinets and upper cabinets, and a wash basin. Re-finished hardwood floors in the foyer, hall, dining room, 1/2 bath, kitchen and breakfast area. The primary bedroom has a vaulted ceiling walk-in closet and a large en-suite bath complete with a jetted tub. All the second-floor bedrooms are oversized. The backyard puts this home over the top!! The deck leads you to an incredible 20 x 40 heated in-ground swimming pool, complete with a diving board and summertime lounging for the entire party. They don't build them like this anymore. The backyard has mature landscaping to enjoy the pool in private. The basement has roughed in plumbing for your future needs. The home is set on one of the largest lots in the Rolling Ridge neighborhood backing to a Nature Preserve. The roof, siding, and gutters have been replaced in the past 5-6 years. The irrigation system will keep your Oasis green!

Last Agent to Sell the Property

Thomas Smogolski

Thomas Smogolski License #471000812 Listed on: 07/15/2022

Last Buyer's Agent

Benjamin Hickman

RE/MAX Plaza License #475159801

RE/MAX Plaza

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,418

Year Built

  • Built in 1998

Lot Details

  • 0.39 Acre Lot
  • Cul-De-Sac
  • Fenced Yard
  • Wood Fence

HOA Fees

  • $42 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Driveway
  • Parking Included in Price

Home Design

  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,577 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Bookcases
  • Vaulted Ceiling
  • Wood Burning Fireplace
  • Fireplace With Gas Starter
  • Blinds
  • Six Panel Doors
  • Family Room with Fireplace
  • Living Room
  • Formal Dining Room
  • Den
  • Unfinished Attic

Kitchen

  • Breakfast Bar
  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Partially Carpeted

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • Dual Sinks
  • Whirlpool Bathtub
  • Separate Shower

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer
  • Sink Near Laundry

Unfinished Basement

  • English Basement
  • Basement Fills Entire Space Under The House
  • 9 Foot Basement Ceiling Height
  • Rough-In Basement Bathroom
  • Basement Lookout

Outdoor Features

  • In Ground Pool
  • Deck
  • Patio
  • Porch

Schools

  • Warren Township High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • 200+ Amp Service

Community Details

  • Kalmanmanagement.Com Association, Phone Number (847) 362-9642
  • Property managed by Kalman Management

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,418

Year Built

Built in 1998

Lot Details

0

HOA Fees

$42 per month

Parking

3

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
  • Year Built: 1998
  • 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: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Trash Compactor, Cooktop, Built-In Oven
  • Basement: Full, English
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Wood Burning, Gas Starter
  • Fireplaces: 1
  • Interior Amenities: Vaulted/Cathedral Ceilings, First Floor Laundry, Built-in Features, Bookcases, Ceiling - 9 Foot, Some Carpeting, Some Wood Floors, Drapes/Blinds
  • LivingArea: 3577
  • Room Type: Den, Eating Area
  • Estimated Total Finished Sq Ft: 3577
  • Basement Description: Unfinished,Bathroom Rough-In,Lookout,9 ft + pour,Concrete (Basement)
  • Bathroom Amenities: Whirlpool,Separate Shower,Double Sink
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 3577
  • Basement Sq Ft: 1974
  • Fireplace Location: Family Room
  • Total Sq Ft: 5551
  • Unfinished Basement Sq Ft: 1974
  • Upper Level Sq Ft: 1603
  • Attic: Unfinished
  • Main Level Sq Ft: 1974
  • Door Features: 6 Panel Door(s)
  • Window Features: All
  • Flooring: Carpet
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • ExteriorFeatures: Deck, Patio, Porch, In Ground Pool
  • Foundation Details: Concrete Perimeter
  • List Price: 567000
  • Lot Features: Cul-De-Sac, Fenced Yard, Wood Fence
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Brick

Garage/Parking

  • Garage Spaces: 3
  • Number of Cars: 3
  • Driveway: Asphalt
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer, Sewer-Storm
  • Cooling: Central Air
  • Electric: 200+ Amp Service
  • Heating: Natural Gas
  • Laundry Features: Gas Dryer Hookup, Sink
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 500
  • Association Fee Frequency: Annually
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Kalman Management
  • Management Contact Name: kalmanmanagement.com
  • Management Phone: 847-362-9642
  • ResoAssociationFeeFrequency: Annually

Fee Information

  • Association Fee Includes: Other

Schools

  • High School: Warren Township High School
  • Middle/Junior School District: 50

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.39
  • Lot Dimensions: 16998
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

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

Tax Info

  • Tax Annual Amount: 13417.62
  • Tax Year: 2021
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2022
Closed on
Sep 30, 2022
Sold by
Smith James B and Smith Sandra L
Bought by
Tyler Elizabeth R and Kerr Julia
Seller's Agent
Thomas Smogolski
Thomas Smogolski
Buyer's Agent
Benjamin Hickman
RE/MAX Plaza
List Price
$579,000
Sold Price
$539,000
Premium/Discount to List
-$40,000
-6.91%
Current Estimated Value
$654,737

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$115,737
Avg. Annual Appreciation
6.42%
Original Mortgage
$431,200
Outstanding Balance
$416,896
Interest Rate
6.02%
Mortgage Type
New Conventional
Estimated Equity
$225,822

Purchase Details

Closed on
Dec 17, 1998
Sold by
Chicago Title Land Trust Company
Bought by
Smith James B and Smith Sandra L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
6.83%
Mortgage Type
Balloon
Source: Public Records

Range of Values:

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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
Tyler Elizabeth R $539,000 First American Title
Smith James B $418,500 1St American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tyler Elizabeth R $431,200
Previous Owner Smith James B $50,000
Previous Owner Smith James B $277,000
Previous Owner Smith James B $50,000
Previous Owner Smith James B $303,000
Previous Owner Smith James B $259,200
Previous Owner Smith James B $50,000
Previous Owner Smith James B $220,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/03/2022 10/03/22 Sold $539,000 -4.9% $151 / Sq Ft
08/05/2022 08/05/22 Pending -- -- --
07/27/2022 07/27/22 Price Changed $567,000 -2.1% $159 / Sq Ft
07/15/2022 07/15/22 For Sale $579,000 -- $162 / 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 $17,313 $198,372 $41,439 $156,933
2023 $15,323 $184,173 $38,473 $145,700
2022 $15,323 $163,198 $38,482 $124,716
2021 $13,859 $156,650 $36,938 $119,712
2020 $13,418 $152,799 $36,030 $116,769
2019 $13,039 $148,363 $34,984 $113,379
2018 $13,772 $158,182 $33,420 $124,762
2017 $13,731 $153,649 $32,462 $121,187
2016 $13,535 $146,808 $31,017 $115,791
2015 $13,198 $139,234 $29,417 $109,817
2014 $11,187 $119,746 $29,014 $90,732
2012 $10,595 $120,663 $29,236 $91,427
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11464736

Midwest Real Estate Data (MRED)

APN: 07-28-113-016