NOT LISTED FOR SALE

502 Sleeping Bear Trail Gilberts, IL 60136

Estimated Value: $549,632 - $580,000

4 Beds
2.5 Baths
4,940 Sq Ft
$115/Sq Ft Est. Value

Last Sold July 28, 2022

Last sale price $460,000 $93 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $3,761/month

13 Days on Market

Highlights

  • 1.5 Acre Lot
  • Fireplace in Primary Bedroom
  • Vaulted Ceiling
  • Gilberts Elementary School Rated A-
  • Recreation Room
  • Wood Flooring

About This Home

As of July 2022

BUYERS FINANCING FELL THROUGH & YOU HAVE ANOTHER OPPORTUNITY TO OWN THIS INCREDIBLE HOME! Welcome home to 502 Sleeping Bear Trail located in the sought-after neighborhood of Indian Trails in Gilberts ~ This perfect home is in the perfect location ~ Truly a gem! ~ One of the largest lots in the neighbor sitting on 1.5 acres ~ Nature & pond views ~ New carpet on 2nd floor & stairs ~ Freshly painted master bedroom & bath, 2nd bedroom, 2nd floor ceiling, mudroom ~ 9FT Ceilings ~ 2 Fireplaces located in the Family Room & Master Bedroom ~ Crown Molding ~ Lovely wrap around front porch and tidy landscaping greet you with great curb appeal ~ This custom-built 4300 sq ft home was originally the builder's home ~ Walk into the 2-story foyer with hardwood floors and open spaces ~ The hardwood floors carry into the living room and dining room which have plenty of windows letting in the natural light ~ Kitchen has high-end appliances including a double convection oven, Corian counters, large island w/seating as well as an eat-in kitchen area ~ Family room with fireplace & gas logs ~ There is a 1/2 bath and large mudroom/laundry room that finish off the main floor ~ Upstairs find a huge Master suite with cathedral ceilings, skylights, walk-in closets, fireplace, ensuite bath w/skylight and double sinks, whirlpool and separate shower ~ 3 more large bedrooms and full bath finish off the 2nd floor ~ Full partially finished walk-out basement with rough in plumbing for additional bath ~ Neighborhood path leads to Gilberts Memorial Park with playground, picnic pavilion, baseball fields, basketball courts, pond & more! ~ Neighborhood located 2 minutes for I-90, Randall Oaks Zoo, Fitness Center, Shopping, Restaurants & more but feels so far away surrounded in nature! ~ Seller is not aware of any issues however the home is being sold As-Is ~ Set your appointment today!

Last Agent to Sell the Property

Kathryn Festen

Compass License #475180889 Listed on: 06/02/2022

Compass

Last Buyer's Agent

Mark Winkelman

Baird & Warner License #475146425

Baird & Warner

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,878

Year Built

  • Built in 1996

Lot Details

  • 1.5 Acre Lot
  • Lot Dimensions are 150x488x110x450
  • Paved or Partially Paved Lot

Parking

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

Home Design

  • Victorian Architecture
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,940 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Gas Log Fireplace
  • Entrance Foyer
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room
  • Formal Dining Room
  • Recreation Room
  • Storage Room
  • Wood Flooring
  • Finished Basement
  • Walk-Out Basement

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • Fireplace in Primary Bedroom
  • Dual Sinks
  • Whirlpool Bathtub
  • Separate Shower

Laundry

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

Schools

  • Gilberts Elementary School
  • Dundee Middle School
  • Hampshire High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Community Well
  • Private or Community Septic Tank

Community Details

  • Indian Trails Subdivision, Custom Floorplan

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,878

Year Built

Built in 1996

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • ArchitecturalStyle: Victorian
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Subdivision Name: Indian Trails
  • Year Built: 1996
  • Age: 26-30 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
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
  • Basement: Walkout
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Gas Log, Gas Starter
  • Fireplaces: 2
  • Interior Amenities: Vaulted/Cathedral Ceilings, Hardwood Floors, First Floor Laundry
  • LivingArea: 4940
  • Room Type: Foyer, Recreation Room, Storage
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Finished
  • Bathroom Amenities: Whirlpool,Separate Shower,Double Sink
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Fireplace Location: Family Room,Master Bedroom
  • Total Sq Ft: 0

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding,Vinyl Siding,Steel Siding

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: Septic-Private
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Laundry Features: Gas Dryer Hookup, In Unit
  • Water Source: Community Well

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Street Lights, Street Paved
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Gilberts Elementary School
  • High School: Hampshire High School
  • Middle/Junior School: Dundee Middle School

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 1.5
  • Lot Dimensions: 150X488X110X450
  • Rural (Y/N): N
  • Lot Size: 1.0-1.99 Acres
  • Special Assessments: N

Rental Info

  • Board Number: 5
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 10877.88
  • Tax Year: 2021
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2022
Closed on
Jul 28, 2022
Sold by
Rabe Michael J and Rabe Jennifer L
Bought by
Biasotti Bradley Louis Lobit and Biasotti Veronica
Seller's Agent
Kathryn Festen
Compass
Buyer's Agent
Mark Winkelman
Baird & Warner
List Price
$440,000
Sold Price
$460,000
Premium/Discount to List
$20,000
4.55%
Current Estimated Value
$565,908

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,908
Avg. Annual Appreciation
6.10%
Original Mortgage
$250,000
Outstanding Balance
$239,220
Interest Rate
5.62%
Mortgage Type
New Conventional
Estimated Equity
$326,688

Purchase Details

Closed on
Mar 8, 2017
Sold by
Rabe Michael J and Rabe Jennifer L
Bought by
Rabe Michael J and Rabe Jennifer L

Purchase Details

Closed on
May 12, 2003
Sold by
Jones Robert and Jones Cynthia M
Bought by
Rabe Michael J and Rabe Jennifer L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
5.78%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 18, 2001
Sold by
Jones Robert
Bought by
Jones Robert and Jones Cynthia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,000
Interest Rate
6.69%

Purchase Details

Closed on
Mar 10, 1999
Sold by
Bock Ann and Jones Ann
Bought by
Jones Robert J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
8.24%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Biasotti Bradley Louis Lobit $460,000 Proper Title
Rabe Michael J -- Attorney
Rabe Michael J $410,000 --
Jones Robert -- First American Title Co
Jones Robert J -- Rei Title Services
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Biasotti Bradley Louis Lobit $250,000
Previous Owner Rabe Michael J $280,000
Previous Owner Jones Robert $174,000
Previous Owner Jones Robert J $40,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/28/2022 07/28/22 Sold $460,000 +4.5% $93 / Sq Ft
06/16/2022 06/16/22 Pending -- -- --
06/16/2022 06/16/22 For Sale $440,000 0.0% $89 / Sq Ft
06/06/2022 06/06/22 Pending -- -- --
06/02/2022 06/02/22 For Sale $440,000 -- $89 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $9,836 $153,262 $43,970 $109,292
2023 $10,234 $149,580 $39,763 $109,817
2022 $10,728 $151,030 $36,661 $114,369
2021 $10,878 $142,053 $34,482 $107,571
2020 $10,719 $138,427 $33,602 $104,825
2019 $10,530 $132,860 $32,251 $100,609
2018 $10,251 $124,692 $30,268 $94,424
2017 $10,040 $118,743 $28,824 $89,919
2016 $10,031 $113,046 $27,441 $85,605
2015 -- $106,768 $25,917 $80,851
2014 -- $112,304 $25,917 $86,387
2013 -- $114,362 $26,392 $87,970
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11422695

Midwest Real Estate Data (MRED)

APN: 02-24-476-006