NOT LISTED FOR SALE

518 1st St Libertyville, IL 60048

Estimated Value: $662,000 - $786,000

4 Beds
3 Baths
2,037 Sq Ft
$352/Sq Ft Est. Value

Last Sold July 08, 2020

Last sale price $570,000 $280 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $4,877/month

175 Days on Market

Highlights

  • Home Theater
  • Landscaped Professionally
  • Deck
  • Butterfield School Rated A-
  • Mature Trees
  • Property is near a park

About This Home

As of July 2020

Gorgeous updated vintage home in downtown Libertyville. A true jewel! Four Bedrooms, Three Full Baths plus an oversized & newer Two Car Garage with storage loft. All the charm of yesteryear with today's fresh updates! All Baths are newer. Stately Kitchen with giant granite island, custom cabinets, stainless appliances & pot filler. Cozy Living Room with Fireplace flanked by floor to ceiling bookshelves open to formal Dining Room. Nine foot ceilings! Cool Family Room overlooking new Timbertech deck, paver patio & backyard with enormous trees. Finished basement with Media room, Computer area, Office nook, Laundry & Work Room. Second floor features all hardwood floors. Large Master Suite with balcony overlooking backyard & wall of closets with custom organizers. Brand New gorgeous Master Bath with heated floors & Carrara marble. Jack-n-Jill bedrooms & bath arrangement. Premium in town location. Just blocks to shops, restaurants & charming train station. Close to Lake Minear Beach club and miles of Lake County Forest Preserve trails along the DesPlaines River & North Shore Trail system. Conservation @ Home certified landscape.

Last Agent to Sell the Property

Elizabeth Bryant

Baird & Warner License #475131493 Listed on: 12/07/2019

Baird & Warner

Co-Listed By

Dan Timm

Baird & Warner License #475130749

Last Buyer's Agent

Krystyna Fritz

@properties Christie's International Real Estate License #475169107

@properties Christie's International Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,651

Year Built

  • Built in 1900 | Remodeled in 2005

Lot Details

  • Lot Dimensions are 80x92
  • Landscaped Professionally
  • Mature Trees

Parking

  • 2 Car Detached Garage
  • Garage ceiling height seven feet or more
  • Garage Transmitter
  • Garage Door Opener
  • Driveway
  • Parking Space is Owned

Home Design

  • Victorian Architecture
  • Block Foundation
  • Asphalt Roof
  • Radon Mitigation System
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,037 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Wood Burning Fireplace
  • Mud Room
  • Entrance Foyer
  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Home Theater
  • Home Office
  • Recreation Room
  • Workshop
  • Utility Room with Study Area
  • Wood Flooring
  • Unfinished Attic
  • Carbon Monoxide Detectors

Kitchen

  • Cooktop with Range Hood
  • High End Refrigerator
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 3 Full Bathrooms
  • Dual Sinks

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Sink Near Laundry

Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Outdoor Features

  • Balcony
  • Deck
  • Brick Porch or Patio

Location

  • Property is near a park

Schools

  • Butterfield Elementary School
  • Highland Middle School
  • Libertyville High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Humidifier
  • Vented Exhaust Fan
  • Heating System Uses Natural Gas
  • 200+ Amp Service
  • Lake Michigan Water
  • Multiple Water Heaters
  • Cable TV Available

Community Details

  • Heritage Subdivision, Updated Vintage Floorplan

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,651

Year Built

Built in 1900 | Remodeled in 2005

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • ArchitecturalStyle: Victorian
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Subdivision Name: Heritage
  • Year Built: 1900
  • Age: 100+ 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): Yes
  • Rehab Year: 2005
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2005

Interior Features

  • Appliances: Dishwasher, High End Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s), Cooktop, Range Hood
  • Basement: Full
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors
  • LivingArea: 2037
  • Other Equipment: Humidifier, TV-Cable, CO Detectors, Ceiling Fan(s), Fan-Attic Exhaust, Sump Pump, Backup Sump Pump;, Radon Mitigation System, Multiple Water Heaters
  • Room Type: Office, Recreation Room, Media Room, Mud Room, Workshop, Foyer
  • Estimated Total Finished Sq Ft: 2588
  • Basement Description: Finished
  • Bathroom Amenities: Double Sink
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Fireplace Location: Living Room
  • Total Sq Ft: 3022
  • Attic: Unfinished

Exterior Features

  • ExteriorFeatures: Balcony, Deck, Brick Paver Patio
  • Foundation Details: Block, Concrete Perimeter
  • Lot Features: Landscaped, Mature Trees
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Cedar,Frame,Wood Siding

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Driveway
  • ParkingTotal: 4
  • Number of Cars: 6
  • Driveway: Concrete
  • Garage Details: Garage Door Opener(s),Transmitter(s),7 Foot or more high garage door
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, Zoned
  • Electric: 200+ Amp Service
  • Heating: Natural Gas, Forced Air, Sep Heating Systems - 2+, Zoned
  • Laundry Features: Gas Dryer Hookup, Sink
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Park, Curbs, Sidewalks

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Butterfield School
  • High School: Libertyville High School
  • Middle/Junior School: Highland Middle School

Lot Info

  • Lot Dimensions: 80X92
  • Rural (Y/N): N
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 10651.24
  • Tax Year: 2018
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 7, 2019
Closed on
Jul 7, 2020
Sold by
Timm Daniel P and Timm Eileen C
Bought by
Seemann Johannes and Jensen Tara
Seller's Agent
Elizabeth Bryant
Baird & Warner
Buyer's Agent
Krystyna Fritz
@properties Christie's International Real Estate
List Price
$649,000
Sold Price
$570,000
Premium/Discount to List
-$79,000
-12.17%
Current Estimated Value
$718,003

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$148,003
Avg. Annual Appreciation
4.44%
Original Mortgage
$510,400
Outstanding Balance
$452,589
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$265,414

Purchase Details

Closed on
Oct 30, 2019
Sold by
Timm Daniel P and Wilson Eileen C
Bought by
Timm Daniel P and Timm Eileen C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$432,750
Interest Rate
5.25%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 1, 1995
Sold by
Bruss John C and Bruss Tracy M
Bought by
Timm Daniel P and Wilson Eileen C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,300
Interest Rate
7.76%
Source: Public Records

Range of Values:

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Average Value
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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
Seemann Johannes $570,000 Baird & Warner Ttl Svcs Inc
Timm Daniel P -- Servicelink
Timm Daniel P $173,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Seemann Johannes $510,400
Previous Owner Timm Daniel P $432,750
Previous Owner Timm Daniel P $114,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/08/2020 07/08/20 Sold $570,000 -5.0% $280 / Sq Ft
05/30/2020 05/30/20 Pending -- -- --
03/06/2020 03/06/20 Price Changed $600,000 -4.0% $295 / Sq Ft
02/09/2020 02/09/20 Price Changed $625,000 -3.7% $307 / Sq Ft
12/07/2019 12/07/19 For Sale $649,000 -- $319 / 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 $13,118 $185,274 $68,707 $116,567
2023 $11,727 $170,885 $63,371 $107,514
2022 $11,727 $152,633 $60,910 $91,723
2021 $11,290 $149,348 $59,599 $89,749
2020 $10,864 $146,837 $58,597 $88,240
2019 $10,594 $145,441 $58,040 $87,401
2018 $10,504 $149,014 $60,375 $88,639
2017 $10,435 $144,310 $58,469 $85,841
2016 $10,012 $136,826 $55,437 $81,389
2015 $9,918 $127,887 $51,815 $76,072
2014 $9,406 $116,824 $47,333 $69,491
2012 $9,084 $120,244 $48,719 $71,525
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10588531

Midwest Real Estate Data (MRED)

APN: 11-16-408-002