NOT LISTED FOR SALE

511 Arapaho Trail Lake Villa, IL 60046

Estimated Value: $494,000 - $563,000

5 Beds
4 Baths
3,280 Sq Ft
$160/Sq Ft Est. Value

Last Sold June 15, 2020

Last sale price $295,000 $90 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $3,818/month

58 Days on Market

Highlights

  • Second Kitchen
  • Recreation Room
  • Wood Flooring
  • Thompson Elementary School Rated A-
  • Vaulted Ceiling
  • Mud Room

About This Home

As of June 2020

A MUST SEE!! 4920 Total Square Feet of Home. Water rights on Deep Lake w/deeded pier. Walk down the street and hop on your boat for water skiing, fishing/ice skating and summer/winter fun at the neighborhood private beach. This Wonderful home boasts large kitchen that is open to the family room. 5 bedrooms one of which is in the finished basement with a 2nd full kitchen and bath (in-law suite), 3 fireplaces total, Master Bedroom has vaulted ceilings, 3rd fireplace, walk in closet and huge bathroom with tons of upgrades. Laundry is on the main level and mudroom accessed through the 3 car garage. 2016 new HVAC system, new roof and gutters 2018. Private back yard that backs up to wooded lot. Tons of storage in the unfinished area of the basement. (A $6800 credit at close for painting the exterior of home, only with a full price offer)

Last Agent to Sell the Property

Sue Scheuer-McBride

HomeSmart Connect LLC Listed on: 02/27/2020

Last Buyer's Agent

David Wilkerson

eXp Realty License #475127936

eXp Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,337

Year Built

  • 1989

Lot Details

  • 0.28

HOA Fees

  • $35 per month

Parking

  • Attached Garage
  • Parking Available
  • Parking Space is Owned
  • Garage Is Owned

Home Design

  • Cedar

Interior Spaces

  • Vaulted Ceiling
  • Wood Burning Fireplace
  • Fireplace With Gas Starter
  • Mud Room
  • Recreation Room
  • Bonus Room
  • Wood Flooring

Kitchen

  • Second Kitchen
  • Breakfast Bar
  • Walk-In Pantry
  • Oven or Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom
  • In-Law or Guest Suite
  • Dual Sinks
  • Soaking Tub
  • Shower Body Spray
  • Separate Shower

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Water Softener is Owned

Listing and Financial Details

  • $87,000 Seller Concession

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,337

Year Built

1989

Lot Details

0

HOA Fees

$35 per month

Parking

3

Listing Details

  • Property Type: Detached Single
  • General Information: School Bus Service, Commuter Train
  • Age: 31-40 Years
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Number Interior Fireplaces: 3
  • Ownership: Fee Simple w/ HO Assn.
  • Total Full or Half Bathrooms: 3.1
  • Total Sq Ft: 3280
  • Unfinished Basement Sq Ft: 838
  • Type Detached: 2 Stories
  • Estimated Year Built: 1989
  • Total Sq Ft: 4920
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1989

Interior Features

  • Interior Property Features: Vaulted/Cathedral Ceilings, Hardwood Floors, In-Law Arrangement, 1st Floor Laundry, Walk-In Closet(s)
  • Number Of Rooms: 12
  • Living Room: Dimensions: 19X16, On Level: Main Level, Flooring: Carpet
  • Appliances: Oven/Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, All Stainless Steel Kitchen Appliances, Water Softener Owned, Other
  • Fireplace Details: Wood Burning, Gas Starter
  • Attic: Unfinished
  • Fireplace Location: Family Room, Living Room, Master Bedroom
  • Basement: Full
  • Basement: Partially Finished
  • Basement Bathrooms: Yes
  • Bedrooms All Levels: 5
  • Below Grade Bedrooms: 1
  • Primary Bedroom Bath: Full
  • Bathroom Amenities: Separate Shower, Double Sink, Full Body Spray Shower, Soaking Tub
  • Above Grade Bedrooms: 4
  • Laundry: Dimensions: 12X15, On Level: Main Level, Flooring: Ceramic Tile
  • Dining Room: Dimensions: 14X16, On Level: Main Level, Flooring: Carpet
  • Kitchen Type: Dimensions: 16X16, On Level: Main Level, Flooring: Ceramic Tile
  • Kitchen Type: Eating Area-Breakfast Bar, Eating Area-Table Space, Island, Pantry-Closet
  • Additional Rooms: 5th Bedroom, Bonus, Recreation Room, 2nd Kitchen, Mud Room, Walk In Closet
  • Master Bedroom: Dimensions: 16X18, On Level: 2nd Level, Flooring: Carpet
  • Additional Room 1 Name: 5th Bdrm, Dimensions: 12X12, On Level: Basement, Flooring: Carpet
  • Bedroom 2: Dimensions: 12X12, On Level: 2nd Level, Flooring: Carpet
  • Additional Room 3 Name: Bonus, Dimensions: 27X12, On Level: Basement
  • Bedroom 3: Dimensions: 12X12, On Level: 2nd Level, Flooring: Carpet
  • Additional Room 4 Name: Recreation Rm, Dimensions: 18X16, On Level: Basement, Flooring: Carpet
  • Bedroom 4: Dimensions: 12X12, On Level: 2nd Level, Flooring: Carpet
  • Additional Room 5 Name: 2nd Kitchen, Dimensions: 11X10, On Level: Basement, Flooring: Ceramic Tile
  • Additional Room 6 Name: Mud, Dimensions: 11X6, On Level: Main Level
  • Additional Room 7 Name: Walk in Closet, Dimensions: 6X8, On Level: 2nd Level
  • Estimated Sq Ft: 3280
  • Estimated Total Finished Sq Ft: 4082
  • Basement Sq Ft: 1640
  • Basement Finished Sq Ft: 802
  • Main Level Sq Ft: 1640
  • Upper Level Sq Ft: 1640
  • Dining Room Type: Combined w/ LivRm
  • Family Room: Dimensions: 20X16, On Level: Main Level, Flooring: Hardwood

Exterior Features

  • Lot Size: .25-.49 Acre
  • Exterior Building Type: Cedar
  • Acreage: 0.2852

Garage/Parking

  • Number of Cars: 9
  • Parking: Garage, Space/s
  • Number Parking Spaces: 6
  • Parking On Site: Yes
  • Garage Type: Attached
  • Garage On Site: Yes
  • Number Garage Spaces: 3
  • Parking Ownership: Owned
  • Garage Ownership: Owned

Utilities

  • Air Conditioner: Central Air
  • Water: Public
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air

Condo/Co-op/Association

  • Fee Frequency: Annual
  • Assessment Includes: Common Insurance, Lake Rights
  • Assessment Association Fees: 420
  • Management Phone: 847-265-1840

Fee Information

  • Management Company: Ishnala Estates HOA

Schools

  • Junior High Dist: 41

Lot Info

  • Lot Dimensions: 87X31X142X66X135
  • Parcel Identification Number: 02334010460000

Tax Info

  • Taxes: 11960.74

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 8, 2020
Sold by
Glenn Megan
Bought by
Glenn Megan and Glenn Scott Eugene
Current Estimated Value
$526,359

Purchase Details

Listed on
Feb 27, 2020
Closed on
Jun 4, 2020
Sold by
Larson Chad and Larson Catherine
Bought by
Glenn Megan
Seller's Agent
Sue Scheuer-McBride
HomeSmart Connect LLC
Buyer's Agent
David Wilkerson
eXp Realty
List Price
$299,000
Sold Price
$295,000
Premium/Discount to List
-$4,000
-1.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.39%
Original Mortgage
$280,250
Outstanding Balance
$249,796
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$276,563

Purchase Details

Closed on
Sep 27, 2005
Sold by
Peterson Daniel V and Peterson Jeanetta A
Bought by
Larson Chad and Larson Catherine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
6.87%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 14, 1999
Sold by
Peterson Daniel V and Peterson Jeanette A
Bought by
Peterson Daniel V and Peterson Jeanetta A
Source: Public Records

Range of Values:

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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
Glenn Megan -- None Available
Glenn Megan $295,000 Chicago Title
Larson Chad $390,000 Multiple
Peterson Daniel V -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Glenn Megan $280,250
Previous Owner Larson Chad $312,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/15/2020 06/15/20 Sold $295,000 -1.3% $90 / Sq Ft
04/25/2020 04/25/20 Pending -- -- --
02/27/2020 02/27/20 For Sale $299,000 -- $91 / 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 $12,337 $141,823 $19,070 $122,753
2023 $12,748 $125,307 $16,849 $108,458
2022 $12,748 $123,603 $15,826 $107,777
2021 $12,125 $114,819 $14,701 $100,118
2020 $11,872 $111,140 $14,230 $96,910
2019 $12,825 $106,814 $13,676 $93,138
2018 $11,604 $101,802 $16,189 $85,613
2017 $11,246 $99,087 $15,757 $83,330
2016 $11,405 $95,075 $15,119 $79,956
2015 $10,998 $88,797 $14,121 $74,676
2014 $11,857 $101,816 $17,788 $84,028
2012 $10,924 $102,307 $17,874 $84,433
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2020

    Sue Scheuer-McBride

    HomeSmart Connect LLC

    (847) 951-5411

    12 Total Sales

    Sue Scheuer-McBride
    Section Image
  • David Wilkerson

    Buyer's Agent in 2020

    David Wilkerson

    eXp Realty

    (224) 267-5480

    121 Total Sales

    David Wilkerson
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10649907

Midwest Real Estate Data (MRED)

APN: 02-33-401-046

Illinois Lake County Lake Villa 60046

511 Arapaho Trail, Lake Villa, IL

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