NOT LISTED FOR SALE

5040 Arbor Ln Unit 203 Northfield, IL 60093

Estimated Value: $259,000 - $354,000

1 Bed
1 Bath
1,000 Sq Ft
$239/mo HOA Fee

Last Sold June 22, 2022

Last sale price $220,000 $220 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $2,132/month

6 Days on Market

Highlights

  • Fitness Center
  • Landscaped Professionally
  • Community Indoor Pool
  • Marie Murphy School Rated A
  • Clubhouse
  • Balcony

About This Home

As of June 2022

Fabulous one bedroom, one bath condo at Meadowlake. The kitchen has been beautifully updated and features SS appliances, granite counters & custom cabinets. The sun-filled living room /dining room opens to the balcony. The nicely sized bedroom has a large walk in closet. In unit washer & dryer. Enjoy beautiful sunset views off the balcony that looks out over Watersmeet Woods. The heated garage has 1 parking space. You will love the amenities at Meadowlake which include a clubhouse with a party room, an indoor pool, spa, an outdoor patio and exercise room. 5040 Arbor Lane is conveniently located and is close to town, shopping, Mariano's, restaurants & bike trails. Easy access to the expressway. Award Winning Schools. Sorry no dogs and no rentals. Parking space #5009 - Storage Space is #16.

Last Agent to Sell the Property

Jennifer Ziegler

@properties Christie's International Real Estate License #475134229 Listed on: 05/10/2022

@properties Christie's International Real Estate

Last Buyer's Agent

Marla Fox

Compass License #475127293

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,483

Year Built

  • Built in 1994

Lot Details

  • 12.39

HOA Fees

  • $239 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Heated Garage
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3-Story Property
  • Combination Dining and Living Room
  • Storage Room

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Potential Bedroom
  • Walk-In Closet
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

Schools

  • Avoca West Elementary School
  • Marie Murphy Middle School
  • New Trier Twp High School Northfield/Wi

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Balcony
  • Landscaped Professionally

Community Details

Overview

  • Association fees include water, parking, insurance, clubhouse, exercise facilities, pool, exterior maintenance, lawn care, scavenger, snow removal
  • 9 Units
  • Josie Jones Association, Phone Number (847) 359-8980
  • Meadowlake Subdivision
  • Property managed by W L Seymour Inc

Amenities

  • Common Area
  • Clubhouse
  • Party Room
  • Community Storage Space
  • Elevator

Recreation

  • Fitness Center
  • Community Indoor Pool
  • Bike Trail

Pet Policy

  • Cats Allowed

Security

  • Resident Manager or Management On Site
  • Carbon Monoxide Detectors
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,483

Year Built

Built in 1994

Lot Details

0

HOA Fees

$239 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Subdivision Name: Meadowlake
  • Year Built: 1994
  • 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
  • Unit Floor Level: 2
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Interior Amenities: Elevator, Laundry Hook-Up in Unit, Storage, Walk-In Closet(s)
  • Other Equipment: Fire Sprinklers, CO Detectors
  • Room Type: Balcony/Porch/Lanai, Walk In Closet, Storage
  • Stories Total: 3
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Total Sq Ft: 0

Exterior Features

  • ExteriorFeatures: Balcony
  • Foundation Details: Concrete Perimeter
  • List Price: 225000
  • Lot Features: Common Grounds, Landscaped
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 1
  • Number of Cars: 1
  • Garage Details: Garage Door Opener(s),Heated
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Laundry Features: In Unit
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK
  • Association Fee: 239
  • Association Amenities: Bike Room/Bike Trails, Elevator(s), Exercise Room, Storage, Party Room, Indoor Pool, Clubhouse
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: W L Seymour Inc
  • Management Contact Name: Josie Jones
  • Management Phone: 847-359-8980
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Parking, Insurance, Clubhouse, Exercise Facilities, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal

Schools

  • Elementary School: Avoca West Elementary School
  • High School: New Trier Twp H.S. Northfield/Wi
  • Middle/Junior School: Marie Murphy School
  • Middle/Junior School District: 37

Lot Info

  • Lot Dimensions: COMMON
  • Rural (Y/N): N
  • Special Assessments: N

Rental Info

  • Board Number: 2
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 3483.46
  • Tax Year: 2020
  • Tax Exemptions: None

Multi Family

  • Units in Building: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2022
Closed on
Jun 22, 2022
Sold by
Lukac Paul M and Lukac Karen B
Bought by
Homerin Rose King
Seller's Agent
Jennifer Ziegler
@properties Christie's International Real Estate
Buyer's Agent
Marla Fox
Compass
List Price
$225,000
Sold Price
$220,000
Premium/Discount to List
-$5,000
-2.22%
Current Estimated Value
$293,637

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,637
Avg. Annual Appreciation
8.99%
Original Mortgage
$213,400
Outstanding Balance
$205,635
Interest Rate
5.88%
Mortgage Type
New Conventional
Estimated Equity
$83,416

Purchase Details

Listed on
Jun 15, 2016
Closed on
Nov 8, 2016
Sold by
Radecki Martin
Bought by
Lukac Karen B and Lukac Paul M
Seller's Agent
Joanne Hudson
Compass
Buyer's Agent
Claire Lieberman
Engel & Voelkers Chicago North Shore
List Price
$175,000
Sold Price
$145,000
Premium/Discount to List
-$30,000
-17.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.71%

Purchase Details

Closed on
Mar 21, 2006
Sold by
Leib Alan D and Leib Richard M
Bought by
Radecki Martin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
6.34%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 15, 2005
Sold by
Leib Charlotte
Bought by
Leib Alan D and Leib Richard M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.12%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 30, 1997
Sold by
Brenner Martin
Bought by
Leib Charlotte

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,000
Interest Rate
7.54%

Purchase Details

Closed on
May 18, 1994
Sold by
First Colonial Trust Company
Bought by
Brenner Martin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,600
Interest Rate
6.25%
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
Homerin Rose King $220,000 Chicago Title
Lukac Karen B $145,000 Chicago Title Insurance
Radecki Martin $235,000 Cti
Leib Alan D -- --
Leib Charlotte $92,000 --
Brenner Martin $105,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Homerin Rose King $213,400
Previous Owner Radecki Martin $188,000
Previous Owner Leib Charlotte $100,000
Previous Owner Leib Charlotte $53,000
Previous Owner Brenner Martin $87,600
Closed Homerin Rose King $6,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/22/2022 06/22/22 Sold $220,000 -2.2% $220 / Sq Ft
05/17/2022 05/17/22 Pending -- -- --
05/10/2022 05/10/22 For Sale $225,000 +55.2% $225 / Sq Ft
11/14/2016 11/14/16 Sold $145,000 -2.7% $145 / Sq Ft
10/14/2016 10/14/16 Pending -- -- --
10/07/2016 10/07/16 Price Changed $149,000 -6.3% $149 / Sq Ft
07/08/2016 07/08/16 Price Changed $159,000 -9.1% $159 / Sq Ft
06/15/2016 06/15/16 For Sale $175,000 -- $175 / 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 $3,516 $14,983 $2,244 $12,739
2023 $3,331 $15,666 $2,244 $13,422
2022 $3,331 $15,666 $2,244 $13,422
2021 $3,580 $14,492 $1,613 $12,879
2020 $3,483 $14,492 $1,613 $12,879
2019 $3,412 $15,959 $1,613 $14,346
2018 $2,930 $13,083 $1,332 $11,751
2017 $2,842 $13,083 $1,332 $11,751
2016 $2,668 $13,083 $1,332 $11,751
2015 $2,638 $11,714 $1,087 $10,627
2014 $2,578 $11,714 $1,087 $10,627
2013 $2,460 $11,714 $1,087 $10,627
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11399817

Midwest Real Estate Data (MRED)

APN: 05-30-100-045-1122