NOT LISTED FOR SALE

551 Lake Cornish Way Algonquin, IL 60102

Estimated Value: $436,000 - $485,000

4 Beds
3 Baths
2,487 Sq Ft
$186/Sq Ft Est. Value

Last Sold December 17, 2021

Last sale price $380,000 $153 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $3,234/month

16 Days on Market

Highlights

  • Multiple Garages
  • Formal Dining Room
  • Soaking Tub
  • Algonquin Lakes Elementary School Rated A-
  • Attached Garage

About This Home

As of December 2021

Remarkable home that is lovingly cared for by the current owners! Excellent curb appeal with brick front and oversized 3 car garage. Unlike most homes in the subdivision, this home offers a private first-floor study with hardwood floors and built-in shelving. This is truly a great space! Open concept back of the home with an eat-in kitchen that opens to the family room. The kitchen has ample cabinet and counter space, granite countertops, stainless steel appliances, and an inviting kitchen island. Warm family room with hardwood floors and a cozy fireplace. Large primary bedroom featuring a walk-in closet and ensuite bathroom. The bathroom has dual sinks, a soaker bathtub, and a separate shower. All of the secondary bedrooms are a nice size and two of them offer built-in shelves. A fully fenced backyard and huge patio makes this an ideal place to entertain or relax and watch the sunrise. A full unfinished basement is ideal for storage or your finishing touches. Make this space whatever you want. New washer and dryer this year. New patio sliding door! Come see today. This one will not last long!

Last Agent to Sell the Property

Michael Herrick

Redfin Corporation License #475157521 Listed on: 10/22/2021

Redfin Corporation

Last Buyer's Agent

Naomi Campbell

Coldwell Banker Realty License #475129084

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,438

Year Built

  • 2001

Lot Details

  • 10,019

Parking

  • Attached Garage
  • Multiple Garages
  • Garage Transmitter
  • Garage Door Opener
  • Driveway
  • Parking Included in Price

Interior Spaces

  • 2,487 Sq Ft Home
  • 2-Story Property
  • Blinds
  • Aluminum Window Frames
  • Formal Dining Room
  • Unfinished Attic
  • Unfinished Basement

Bedrooms and Bathrooms

  • Dual Sinks
  • Soaking Tub
  • Separate Shower

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,438

Year Built

2001

Lot Details

0

Parking

3

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
  • New Construction Y/N: No
  • Architectural Style: Traditional
  • Directions: FROM EAST TAKE ALGONQUIN ROAD (RT. 62) TO SANDBLOOM.
  • Lot Size: 80X125
  • Master Model: ASHFORD
  • New Construction: No
  • Ownership: Fee Simple
  • Subdivision Name: Algonquin Lakes
  • Special Features: None
  • Year Built: 2001

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s), Water Softener Owned
  • Has Basement: Full
  • Fireplace Features: Wood Burning, Attached Fireplace Doors/Screen, Gas Log, Gas Starter, Includes Accessories
  • Estimated Total Finished Sq Ft: 2487
  • Assessed Sq Ft: 2408
  • Basement Description: Unfinished
  • Bathroom Amenities: Separate Shower,Double Sink,Soaking Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 2487
  • Square Footage Comments: Gross Internal Area: Unfinished Basement= 1,258 sq ft Main Floor= 1,331 sq ft 2nd Floor= 1,156 sq ft
  • Total Sq Ft: 3745
  • Upper Level Sq Ft: 1156
  • Attic: Unfinished
  • Main Level Sq Ft: 1331
  • Door Features: French Doors,Sliding Doors,36" Minimum Entry Door,Lever Style Door Handles
  • Window Features: Aluminum Frames,Blinds
  • Unfinished Lower Sq Ft: 1258
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Possible Bedrooms: 4
  • Total Bedrooms: 4
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors, First Floor Laundry, Walk-In Closet(s)
  • Other Equipment: Humidifier, Water-Softener Owned, Ceiling Fan(s), Sump Pump, Radon Mitigation System
  • Dining Room Type: Breakfast Room, Foyer, Office

Exterior Features

  • Roof: Asphalt
  • Exterior Features: Patio
  • Foundation Details: Concrete Perimeter
  • Exterior Building Type: Brick,Concrete
  • Lot Features: Fenced Yard
  • Waterfront: No

Garage/Parking

  • Number of Cars: 3
  • Driveway: Asphalt
  • Garage Details: Garage Door Opener(s),Transmitter(s),Multiple Garages
  • Garage On-Site: Yes
  • Garage Ownership: N/A
  • Garage Type: Attached
  • Parking: Garage
  • Garage Spaces: 3

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas
  • Electric: Circuit Breakers
  • Laundry Features: Gas Dryer Hookup
  • Sewer: Public Sewer, Sewer-Storm
  • Water Source: Community Well

Condo/Co-op/Association

  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Association Fee Frequency: Not Applicable
  • Community Features: Park, Lake, Curbs, Sidewalks, Street Lights, Street Paved

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Algonquin Lake Elementary School
  • High School: Dundee-Crown High School
  • Junior High Dist: 300
  • Middle Or Junior School: Algonquin Middle School

Lot Info

  • Rural (Y/N): N
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N
  • Additional Parcels: No

Rental Info

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

Tax Info

  • Tax Exemptions: None
  • Tax Annual Amount: 8380.7
  • Tax Year: 2020

MLS Schools

  • Othr Public Sch: CATHLU

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2021
Closed on
Dec 6, 2021
Sold by
Colon Anthony M and Colon Lidia B
Bought by
Carroll Michael and Carroll Jessica A
Seller's Agent
Michael Herrick
Redfin Corporation
Buyer's Agent
Naomi Campbell
Coldwell Banker Realty
Sold Price
$380,000
Current Estimated Value
$461,432

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,432
Avg. Annual Appreciation
5.10%
Original Mortgage
$361,000
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 22, 2001
Sold by
Realen Homes Lp
Bought by
Colon Anthony M and Colon Lidia B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
6.8%
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
Carroll Michael $380,000 First American Title
Colon Anthony M $289,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Carroll Michael $361,000
Previous Owner Colon Anthony M $195,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2021 12/17/21 Sold $380,000 +2.7% $153 / Sq Ft
11/08/2021 11/08/21 Pending -- -- --
11/05/2021 11/05/21 For Sale -- -- --
10/26/2021 10/26/21 Pending -- -- --
10/22/2021 10/22/21 For Sale $370,000 -- $149 / 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 $9,438 $132,132 $25,730 $106,402
2023 $9,025 $118,888 $23,151 $95,737
2022 $8,801 $111,316 $23,151 $88,165
2021 $8,546 $105,104 $21,859 $83,245
2020 $8,381 $102,741 $21,368 $81,373
2019 $8,127 $97,533 $20,285 $77,248
2018 $8,024 $93,031 $19,883 $73,148
2017 $7,703 $87,027 $18,600 $68,427
2016 $7,556 $80,839 $18,522 $62,317
2015 -- $75,749 $17,356 $58,393
2014 -- $73,174 $16,877 $56,297
2013 -- $75,414 $17,394 $58,020
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11252298

Midwest Real Estate Data (MRED)

APN: 03-02-153-006