Seller's Agent in 2022
Ivonne Payes
Payes Real Estate Group
(224) 338-5063
2 in this area
298 Total Sales
512 Arapaho Trail Lake Villa, IL 60046
Estimated Value: $497,246 - $528,000
5
Beds
3.5
Baths
2,791
Sq Ft
$186/Sq Ft
Est. Value
Highlights
- Colonial Architecture
- Deck
- Bar Fridge
- Thompson Elementary School Rated A-
- Formal Dining Room
- 2 Car Attached Garage
About This Home
As of June 2022Summer is here and that means it's the right time to buy your dream home! Located up on a hill in the heart of beautiful Ishnala Estates - this 5 bedroom, 3.5 bath home is ready for you to move right in! Step into the inviting foyer where you're greeted by a grand staircase and into the spacious living room with built-in cabinets and large windows bringing in plenty of natural sunlight. Next, head into the beautifully updated eat-in kitchen featuring brand new stainless steel appliances, a modern color palette, and plenty of cabinets and counter space! The kitchen is open to the lovely family room with a gorgeous wood-burning fireplace making this the perfect space to entertain! There's one bedroom adjacent to a full bathroom which would make for a great in-law or guest space. The master bedroom features vaulted ceilings, a remodeled master bath, and a spacious walk-in closet. The other 3 bedrooms on the second level have walk-in closets as well! There's also a laundry/mudroom with a utility sink. There's, even more, to enjoy outdoors s well from the huge deck overlooking a wooded lot. The exterior of the home was re-painted in 2018 along with a brand new roof in 2018 as well! This is one of only 18 off-lake homes that have a deeded pier space on Deep Lake! Spend your day boating, waterskiing, and fishing instead of pulling your boat in and out of the water every day. In the winter, you can enjoy ice skating, sledding, and ice fishing. This is the home that is big enough to offer everyone their own space yet cozy enough to bring you all together- Schedule your showing today!
Last Agent to Sell the Property
Payes Real Estate Group License #471022097 Listed on: 05/31/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $10,654
Year Built
- Built in 1988
Lot Details
- 0.36
HOA Fees
- $37 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- Garage ceiling height seven feet or more
- Garage Transmitter
- Garage Door Opener
- Driveway
- Parking Included in Price
Home Design
- Colonial Architecture
- Asphalt Roof
- Concrete Perimeter Foundation
- Cedar
Interior Spaces
- 2,791 Sq Ft Home
- 2-Story Property
- Bar Fridge
- Dry Bar
- Ceiling Fan
- Wood Burning Fireplace
- Fireplace With Gas Starter
- Family Room with Fireplace
- Living Room
- Formal Dining Room
- Unfinished Attic
- Carbon Monoxide Detectors
Kitchen
- Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Potential Bedrooms
- In-Law or Guest Suite
- Dual Sinks
- Low Flow Toliet
Laundry
- Laundry Room
- Laundry on main level
- Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Sump Pump
Outdoor Features
- Tideland Water Rights
- Deck
Schools
- William L Thompson Elementary School
- Peter J Palombi Middle School
- Lakes Community High School
Utilities
- Forced Air Heating and Cooling System
- Humidifier
- Heating System Uses Natural Gas
- 200+ Amp Service
- Cable TV Available
Additional Features
- Air Purifier
- 0.36 Acre Lot
Community Details
- Association fees include insurance, lake rights
- Manager Association, Phone Number (847) 265-1840
- Ishnala Estates Subdivision
- Property managed by Ishnala Estates HOA
Listing and Financial Details
- Homeowner Tax Exemptions
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 31, 2022
Closed on
Jun 30, 2022
Sold by
Palumbo Rachel L
Bought by
Waterman Christopher and Waterman Shandy
Seller's Agent
Ivonne Payes
Payes Real Estate Group
Buyer's Agent
Barbara Rogalla
Coldwell Banker Realty
List Price
$425,000
Sold Price
$425,000
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
$93,062
Avg. Annual Appreciation
6.13%
Original Mortgage
$440,300
Outstanding Balance
$417,173
Interest Rate
4.63%
Mortgage Type
Balloon
Estimated Equity
$100,889
Purchase Details
Listed on
Apr 23, 2020
Closed on
Jun 11, 2020
Sold by
Finney Frank M and Finney Julie A
Bought by
Palumbo Rachel L
Seller's Agent
Derek Eisenberg
Continental Real Estate Group
Buyer's Agent
Ivonne Payes
Payes Real Estate Group
List Price
$279,500
Sold Price
$270,000
Premium/Discount to List
-$9,500
-3.4%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.32%
Original Mortgage
$256,500
Interest Rate
3.12%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 19, 2005
Sold by
Conway James R and Conway Karen A
Bought by
Finney Frank M and Finney Julie A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$271,200
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 27, 1998
Sold by
Estep Ann R
Bought by
Conway James R and Conway Karen A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,050
Interest Rate
6.87%
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 |
|---|---|---|---|
| Waterman Christopher | $425,000 | Maldonado Judy K | |
| Palumbo Rachel L | $270,000 | Chicago Title Insurance Co | |
| Finney Frank M | $339,000 | St | |
| Conway James R | $213,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Waterman Christopher | $440,300 | |
| Previous Owner | Palumbo Rachel L | $256,500 | |
| Previous Owner | Finney Frank M | $271,200 | |
| Previous Owner | Conway James R | $181,050 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/30/2022 06/30/22 | Sold | $425,000 | 0.0% | $152 / Sq Ft | |
| 05/31/2022 05/31/22 | Pending | -- | -- | -- | |
| 05/31/2022 05/31/22 | For Sale | $425,000 | +57.4% | $152 / Sq Ft | |
| 06/26/2020 06/26/20 | Sold | $270,000 | -3.4% | $97 / Sq Ft | View Prior Sale |
| 05/12/2020 05/12/20 | Pending | -- | -- | -- | |
| 04/23/2020 04/23/20 | For Sale | $279,500 | -- | $100 / 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 |
|---|---|---|---|---|
| 2024 | $11,126 | $128,788 | $20,055 | $108,733 |
| 2023 | $11,446 | $113,791 | $17,720 | $96,071 |
| 2022 | $11,446 | $111,598 | $16,580 | $95,018 |
| 2021 | $10,883 | $103,668 | $15,402 | $88,266 |
| 2020 | $10,654 | $100,347 | $14,909 | $85,438 |
| 2019 | $11,507 | $96,441 | $14,329 | $82,112 |
| 2018 | $10,519 | $92,858 | $16,695 | $76,163 |
| 2017 | $10,195 | $90,382 | $16,250 | $74,132 |
| 2016 | $10,335 | $86,722 | $15,592 | $71,130 |
| 2015 | $9,962 | $80,995 | $14,562 | $66,433 |
| 2014 | $10,686 | $92,347 | $18,407 | $73,940 |
| 2012 | $9,847 | $92,793 | $18,496 | $74,297 |
Source: Public Records
Agents Affiliated with this Home
-
Ivonne Payes
-
Barbara Rogalla
Buyer's Agent in 2022
Barbara Rogalla
Coldwell Banker Realty
(224) 805-1332
2 in this area
77 Total Sales
-
Derek Eisenberg
D
Seller's Agent in 2020
Derek Eisenberg
Continental Real Estate Group
(877) 996-5728
3,064 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11419793
APN: 02-33-402-014
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