NOT LISTED FOR SALE

516 Prescott Ln Unit 3 Gurnee, IL 60031

Estimated Value: $522,000 - $557,000

4 Beds
3 Baths
2,928 Sq Ft
$185/Sq Ft Est. Value

Last Sold November 17, 2021

Last sale price $395,000 $135 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $4,107/month

8 Days on Market

Highlights

  • Family Room with Fireplace
  • Formal Dining Room
  • Soaking Tub
  • Woodland Elementary School Rated A-
  • Attached Garage

About This Home

As of November 2021

Beautiful 4 Bedroom + Office / 2.5 Bath home in desirable Timberwoods location. This beautifully laid out home has all the items you are looking for. Updated kitchen has white cabinets, granite countertops, stainless steel appliances, center island and an eat-in area with sliding doors that open up to your private, wooded backyard. The office is a dream work from home set-up with gorgeous built-in bookshelves, molding, custom lighting and looks over the quiet wooded yard. Primary Suite has a large walk-in closet and spacious bathroom with dual sinks, soaking tub and separate shower. Large finished basement makes for a great recreation or media room, with a bonus room that would make a great 5th bedroom. Short walk to Timberwoods Park.

Last Agent to Sell the Property

Amy Ludwigson

@properties Christie's International Real Estate License #475167416 Listed on: 09/02/2021

@properties Christie's International Real Estate

Last Buyer's Agent

Milap Singh

Coldwell Banker Realty License #475167218

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,085

Year Built

  • 2001

Lot Details

  • 0.27

HOA Fees

  • $23 per month

Parking

  • Attached Garage
  • Garage Transmitter
  • Driveway
  • Parking Included in Price

Home Design

  • Aluminum Siding

Interior Spaces

  • 2-Story Property
  • Family Room with Fireplace
  • Formal Dining Room
  • Unfinished Attic
  • Finished Basement

Bedrooms and Bathrooms

  • Dual Sinks
  • Soaking Tub
  • Separate Shower

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,085

Year Built

2001

Lot Details

0

HOA Fees

$23 per month

Parking

2

Listing Details

  • Property Type: Detached Single
  • Property Type: Residential
  • Type Detached: 2 Stories
  • Property Sub Type: 2 Stories
  • Age: 16-20 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
  • Architectural Style: Other
  • Directions: West Washington Street to Old Walnut Circle, North to Prescott Lane, East and North to #
  • Lot Size: 88X137X86X143
  • New Construction: No
  • Ownership: Fee Simple
  • Special Features: None
  • Year Built: 2001

Interior Features

  • Appliances: Double Oven, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s), Cooktop
  • Has Basement: Full
  • Fireplace Features: Gas Log, Gas Starter
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Finished
  • Bathroom Amenities: Separate Shower,Double Sink,Soaking Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Fireplace Location: Family Room
  • Total Sq Ft: 0
  • Attic: Unfinished
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Possible Bedrooms: 4
  • Total Bedrooms: 4
  • Fireplaces: 1
  • Interior Amenities: Vaulted/Cathedral Ceilings, Hardwood Floors, First Floor Laundry
  • Other Equipment: TV-Cable, Sump Pump
  • Dining Room Type: Eating Area

Exterior Features

  • Roof: Asphalt
  • Exterior Features: Patio, Brick Paver Patio, Storms/Screens
  • Foundation Details: Concrete Perimeter
  • Exterior Building Type: Aluminum Siding
  • Lot Features: Wooded
  • Waterfront: No

Garage/Parking

  • Number of Cars: 2
  • Driveway: Asphalt
  • Garage Details: Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage
  • Garage Spaces: 2

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Electric: Circuit Breakers, 200+ Amp Service
  • Sewer: Public Sewer
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Association Fee: 270
  • Association Fee Frequency: Annually
  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Fee Information

  • Association Fee Includes: Other

Schools

  • Junior High Dist: 121

Lot Info

  • Lot Size: .25-.49 Acre
  • Special Assessments: N
  • Additional Parcels: No

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Exemptions: Homeowner
  • Tax Annual Amount: 9902.54
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 2, 2021
Closed on
Oct 7, 2021
Sold by
Himes Jeffrey R and Himes Corinne
Bought by
Syed Alam Ali and Farbeen Lubna
Seller's Agent
Amy Ludwigson
@properties Christie's International Real Estate
Buyer's Agent
Milap Singh
Coldwell Banker Realty
List Price
$399,000
Sold Price
$395,000
Premium/Discount to List
-$4,000
-1%
Current Estimated Value
$542,316

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$147,316
Avg. Annual Appreciation
9.07%
Original Mortgage
$335,750
Interest Rate
3.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 21, 2017
Sold by
Wagner Bryan A and Wagner Kimberly K
Bought by
Himes Jeffrey R and Difonso Corinne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,575
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 1, 2001
Sold by
Drh Cambridge Homes Inc
Bought by
Wagner Bryan A and Wagner Kimberly K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$271,500
Interest Rate
7.28%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Syed Alam Ali $395,000 Greater Illinois Title
Himes Jeffrey R $119,500 Chicago Title
Wagner Bryan A $340,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Syed Alam Ali $335,750
Previous Owner Himes Jeffrey R $340,575
Previous Owner Wagner Bryan A $299,950
Previous Owner Wagner Bryan A $320,000
Previous Owner Wagner Bryan A $56,500
Previous Owner Wagner Bryan A $46,500
Previous Owner Wagner Bryan A $280,000
Previous Owner Wagner Bryan A $280,000
Previous Owner Wagner Bryan A $30,490
Previous Owner Wagner Bryan A $271,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/17/2021 11/17/21 Sold $395,000 -1.0% $135 / Sq Ft
09/11/2021 09/11/21 Pending -- -- --
09/02/2021 09/02/21 For Sale $399,000 0.0% $136 / Sq Ft
07/01/2016 07/01/16 Rented $2,750 -1.8% --
06/27/2016 06/27/16 Under Contract -- -- --
06/16/2016 06/16/16 For Rent $2,800 -- --
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 $13,085 $152,034 $27,631 $124,403
2023 $11,649 $141,151 $25,653 $115,498
2022 $11,649 $125,507 $25,661 $99,846
2021 $10,531 $120,471 $24,631 $95,840
2020 $10,192 $117,510 $24,026 $93,484
2019 $9,903 $114,098 $23,328 $90,770
2018 $11,038 $124,933 $27,404 $97,529
2017 $11,202 $121,353 $26,619 $94,734
2016 $11,145 $115,950 $25,434 $90,516
2015 $10,894 $109,968 $24,122 $85,846
2014 $10,671 $108,552 $23,812 $84,740
2012 $9,555 $109,383 $23,994 $85,389
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11207880

Midwest Real Estate Data (MRED)

APN: 07-19-212-034