NOT LISTED FOR SALE

508 Waters Edge Dr Unit C McHenry, IL 60050

McHenry Area

Estimated Value: $167,000 - $195,000

2 Beds
2 Baths
1,112 Sq Ft
2 Acre Lot

Sale Details

Date Sold: June 7, 2023

Last sale price $132,500 $119 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $1,300 / mo

12 Days on Market

Highlights

  • Multiple Garages
  • Living Room
  • Laundry Room
  • 1 Car Detached Garage
  • Resident Manager or Management On Site
  • Ceramic Tile Flooring

About This Home

As of June 2023

Sold 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

Brenda Arcari

Baird & Warner License #475175919 Listed on: 04/29/2023

Baird & Warner

Last Buyer's Agent

Paul Hespen

Berkshire Hathaway HomeServices Starck Real Estate License #475136329

Berkshire Hathaway HomeServices Starck Real Estate

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

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,466

Year Built

Built in 1977

Lot Details

2 Acres

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: Waters Edge
  • Year Built: 1977
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Unit Floor Level: 2
  • New Construction Y/N: No
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • LivingArea: 1112
  • Room Type: No additional rooms
  • Stories Total: 1
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Flooring: Carpet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 1
  • Number of Cars: 1
  • Driveway: Asphalt
  • Garage Details: Multiple Garages
  • Garage On-Site: Yes
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK, Number Limit
  • Association Amenities: Storage
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site
  • Master Association Fee Frequency: Not Required
  • Management Company: Bluestone Management Company
  • Management Contact Name: Unknown
  • Management Phone: 847-516-7000
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: None

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: COMMON
  • Rural (Y/N): N
  • Special Assessments: N

Rental Info

  • Board Number: 3
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 2466.5
  • Tax Year: 2021

Multi Family

  • Units in Building: 4

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2023
Closed on
May 26, 2023
Sold by
Bought by
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
$186,263

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,763
Avg. Annual Appreciation
11.57%
Original Mortgage
$112,625
Outstanding Balance
$107,877
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$78,386

Purchase Details

Closed on
Dec 19, 2014
Sold by
Bought by

Purchase Details

Closed on
Apr 9, 2004
Sold by
Bought by
Source: Public Records
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$132,500 None Listed On Document
-- None Available
$128,900 Ticor
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $112,625
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,460 $50,904 $5,554 $45,350
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

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11774032

Midwest Real Estate Data (MRED)

APN: 09-33-279-055

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