NOT LISTED FOR SALE

Estimated Value: $139,000 - $166,000

2 Beds
1 Bath
520 Sq Ft
$282/Sq Ft Est. Value

Last Sold March 15, 2024

Last sale price $115,000 $221 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $1,015/month

1 Day on Market

Highlights

  • Deck
  • Shed
  • Forced Air Heating System
  • McHenry Community High School - Upper Campus Rated A-
  • 1-Story Property
  • Paved or Partially Paved Lot

About This Home

As of March 2024

Investor Special with Tenant in Place! This investment opportunity in Wonder Lake, IL, is a gem for discerning investors. Boasting a reliable long-term tenant with a lease in place until 9/30/25, this property promises immediate rental income. With an estimated capitalization rate of 8.33%, it offers solid returns for your investment portfolio.Recently refreshed with newly painted ceilings, this property requires minimal upkeep, allowing you to focus on maximizing your returns hassle-free. Its valuable water rights add an extra dimension to its appeal, enhancing its long-term potential.Don't miss out on this exceptional investment opportunity in Wonder Lake! Take advantage of its turnkey status and start generating passive income today. Schedule a viewing and secure your investment future.

Last Agent to Sell the Property

Andra Simek

Keller Williams Success Realty License #475137425 Listed on: 02/16/2024

Keller Williams Success Realty

Last Buyer's Agent

Rutul Parekh

ARNI Realty Incorporated License #471021588

ARNI Realty Incorporated

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,147

Year Built

  • Built in 1952

Lot Details

  • 5,968 Sq Ft Lot
  • Lot Dimensions are 50 x 120
  • Paved or Partially Paved Lot

HOA Fees

  • $6 Monthly HOA Fees

Home Design

  • Asphalt Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 520 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 1 Full Bathroom

Parking

  • 2 Parking Spaces
  • Gravel Driveway
  • Uncovered Parking
  • Off-Street Parking
  • Parking Included in Price

Outdoor Features

  • Deck
  • Shed

Schools

  • Harrison Elementary School
  • Mchenry Campus High School

Utilities

  • One Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Well
  • Private or Community Septic Tank

Community Details

  • Association fees include lake rights

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,147

Year Built

Built in 1952

Lot Details

0

HOA Fees

$6 per month

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Year Built: 1952
  • Age: 71-80 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • LivingArea: 520
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 520
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 520
  • Total Sq Ft: 520
  • Main Level Sq Ft: 520
  • ResoLivingAreaSource: Assessor

Exterior Features

  • ExteriorFeatures: Deck
  • Foundation Details: Concrete Perimeter
  • List Price: 125000
  • OtherStructures: Shed(s)
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Parking Features: Off Street
  • ParkingTotal: 2
  • Driveway: Gravel
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Septic-Private
  • Cooling: Window/Wall Unit - 1
  • Electric: Circuit Breakers
  • Heating: Natural Gas, Forced Air
  • Water Source: Private Well

Condo/Co-op/Association

  • Association Fee: 72
  • Association Fee Frequency: Annually
  • Community Features: Street Paved
  • Master Association Fee Frequency: Not Required
  • ResoAssociationFeeFrequency: Annually

Fee Information

  • Association Fee Includes: Lake Rights

Schools

  • Elementary School: Harrison Elementary School
  • High School: Mchenry Campus
  • Middle/Junior School: Harrison Elementary School
  • Middle/Junior School District: 36

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.137
  • Lot Dimensions: 50 X 120
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 3
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 2146.92
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2024
Closed on
Mar 7, 2024
Sold by
Schimian Cassandra and Schimian Brian
Bought by
Patel Mitul and Patel Amrutbhai
Seller's Agent
Andra Simek
Keller Williams Success Realty
Buyer's Agent
Rutul Parekh
ARNI Realty Incorporated
List Price
$125,000
Sold Price
$115,000
Premium/Discount to List
-$10,000
-8%
Views
58
Current Estimated Value
$146,705

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,705
Avg. Annual Appreciation
9.95%

Purchase Details

Closed on
Jan 31, 2018
Sold by
Welch Coil Cassandra A
Bought by
Welch Coil Cassandra A

Purchase Details

Closed on
Sep 18, 2003
Sold by
Brinkmann George P and Brinkmann Joyce S
Bought by
Coil Bruce R
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
Patel Mitul $115,000 First American Title
Welch Coil Cassandra A -- Attorney
Coil Bruce R $66,000 Fatic
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2024 03/15/24 Sold $115,000 -8.0% $221 / Sq Ft
02/18/2024 02/18/24 Pending -- -- --
02/16/2024 02/16/24 For Sale $125,000 -- $240 / 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 $2,789 $38,094 $7,643 $30,451
2023 $2,730 $34,128 $6,847 $27,281
2022 $2,147 $25,063 $6,352 $18,711
2021 $2,059 $23,340 $5,915 $17,425
2020 $2,000 $22,367 $5,668 $16,699
2019 $1,973 $21,239 $5,382 $15,857
2018 $1,269 $18,433 $4,671 $13,762
2017 $670 $17,300 $4,384 $12,916
2016 $582 $16,168 $4,097 $12,071
2013 -- $18,545 $4,034 $14,511
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11976866

Midwest Real Estate Data (MRED)

APN: 09-06-478-004