508 Waters Edge Dr Unit C McHenry, IL 60050
Estimated Value: $155,000 - $183,000
2
Beds
2
Baths
1,112
Sq Ft
2
Acres
Highlights
- Multiple Garages
- 1 Car Detached Garage
- Resident Manager or Management On Site
- McHenry Community High School - Upper Campus Rated A-
- Living Room
- Laundry Room
About This Home
As of June 2023Sold while in processing. Flip for profit. If you've ever thought of flipping for a huge profit this property is for YOU. With comps ranging from the mid $160's all the way up to the $190's the potential for a huge ROI is there. Please note that the community does not allow units to be rented out. The unit comes with a 1 car garage space located in a garage back. Decent sized storage unit is located in garage. Several guests parking spots in large driveway. Balcony with serene views of well kept landscape. In-unit washer and dryer.
Last Agent to Sell the Property
Baird & Warner License #475175919 Listed on: 04/29/2023
Last Buyer's Agent
Berkshire Hathaway HomeServices Starck Real Estate License #475136329
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,466
Year Built
- Built in 1977
Lot Details
- 2
Parking
- 1 Car Detached Garage
- Multiple Garages
- Driveway
- Parking Included in Price
Home Design
- Vinyl Siding
Interior Spaces
- 1,112 Sq Ft Home
- 1-Story Property
- Family Room
- Living Room
- Dining Room
- Laundry Room
Flooring
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Potential Bedrooms
- 2 Full Bathrooms
Utilities
- Central Air
- Heating System Uses Natural Gas
Community Details
Overview
- 4 Units
- Association Phone (847) 516-7000
- Waters Edge Subdivision
- Property managed by Bluestone Management Company
Pet Policy
- Limit on the number of pets
- Dogs and Cats Allowed
Additional Features
- Community Storage Space
- Resident Manager or Management On Site
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 29, 2023
Closed on
May 26, 2023
Sold by
Doris A Burdar Supplemental Needs Trust
Bought by
Orgler Sara Lindsay and Serdar Anthony
Seller's Agent
Brenda Arcari
Baird & Warner
Buyer's Agent
Paul Hespen
Berkshire Hathaway HomeServices Starck Real Estate
List Price
$117,000
Sold Price
$132,500
Premium/Discount to List
$15,500
13.25%
Views
2
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,220
Avg. Annual Appreciation
14.84%
Original Mortgage
$112,625
Outstanding Balance
$109,904
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$66,305
Purchase Details
Closed on
Dec 19, 2014
Sold by
Burdar Dorothy
Bought by
Kryc May Jo and The Doris A Burdar Supplemental Needs Tr
Purchase Details
Closed on
Apr 9, 2004
Sold by
First Midwest Bank
Bought by
Burdar Dorothy
Similar Homes in McHenry, IL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Orgler Sara Lindsay | $132,500 | None Listed On Document | |
| Kryc May Jo | -- | None Available | |
| Burdar Dorothy | $128,900 | Ticor |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Orgler Sara Lindsay | $112,625 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/07/2023 06/07/23 | Sold | $132,500 | +13.2% | $119 / Sq Ft |
| 05/11/2023 05/11/23 | Pending | -- | -- | -- |
| 04/29/2023 04/29/23 | For Sale | $117,000 | -- | $105 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2023 | $4,213 | $45,605 | $4,976 | $40,629 |
| 2022 | $3,694 | $38,882 | $4,616 | $34,266 |
| 2021 | $2,467 | $36,210 | $4,299 | $31,911 |
| 2020 | $646 | $34,701 | $4,120 | $30,581 |
| 2019 | $672 | $32,951 | $3,912 | $29,039 |
| 2018 | $747 | $27,429 | $3,735 | $23,694 |
| 2017 | $770 | $25,742 | $3,505 | $22,237 |
| 2016 | $2,221 | $24,058 | $3,276 | $20,782 |
| 2013 | -- | $20,639 | $6,495 | $14,144 |
Source: Public Records
Agents Affiliated with this Home
-
Brenda Arcari
Seller's Agent in 2023
Brenda Arcari
Baird Warner
(847) 409-7005
6 in this area
106 Total Sales
-
Paul Hespen
Buyer's Agent in 2023
Paul Hespen
Berkshire Hathaway HomeServices Starck Real Estate
(815) 354-5526
3 in this area
135 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11774032
APN: 09-33-279-055
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