NOT LISTED FOR SALE

5540 Chancery Rd Gurnee, IL 60031

Estimated Value: $697,623 - $871,000

6 Beds
4.5 Baths
5,933 Sq Ft
$132/Sq Ft Est. Value

Last Sold May 09, 2022

Last sale price $635,000 $107 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $6,163/month

15 Days on Market

Highlights

  • 0.93 Acre Lot
  • Recreation Room
  • Mud Room
  • Woodland Elementary School Rated A-
  • 2 Fireplaces
  • Formal Dining Room

About This Home

As of May 2022

THIS IS THE ONE! In the heart of the Estates at Churchill Hunt. Almost 6,000sq of finished space, a gorgeous landscaped just under 1 acre lot with a beautiful brick paver patio and sitting wall. Included is a Rainbow playset with rubber mulch for the little ones. Perfect for entertaining family and friends. Beautiful, bright, and inviting are what you will think when you first walk into the grand 2-story front brick entry. 5 BEDROOMS +1 large bedroom with full bathroom in the beautifully finished English basement (with 50 year warranty). 4.5 baths. A gorgeous kitchen with granite, both upper and lowers lighting the exquisite cabinets. Professional stainless steel appliances and hardwood floors in addition to a kitchen gas fireplace finish off this gourmet eat-in kitchen. Step down into the spacious family room with a second gas fireplace and plantation shutters throughout. Charm and elegance abounds throughout this ONE OF A KIND beauty with high end finishes and custom architectural details. A PERFECT LOCATION, minutes from all Gurnee has to offer, close to I-94 and Highway 41 making it an easy commute with the 'out in the country' atmosphere.

Last Listed By

Jennifer Andersen

HomeSmart Connect LLC License #475182540 Listed on: 03/04/2022

HomeSmart Connect LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,972

Year Built

  • Built in 2005

Lot Details

  • 0.93 Acre Lot
  • Lot Dimensions are 153x299x150x258

HOA Fees

  • $84 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Space is Owned

Interior Spaces

  • 5,933 Sq Ft Home
  • 2-Story Property
  • Bar
  • 2 Fireplaces
  • Mud Room
  • Family Room
  • Living Room
  • Formal Dining Room
  • Recreation Room
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Double Oven
  • High End Refrigerator
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • Primary Bathroom is a Full Bathroom

Finished Basement

  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom

Schools

  • Warren Township High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Community Details

  • Yvette Association, Phone Number (847) 866-7400
  • Property managed by ACM Community Management

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,972

Year Built

Built in 2005

Lot Details

0

HOA Fees

$84 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple w/ HO Assn.
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 2005
  • Age: 16-20 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Double Oven, Dishwasher, High End Refrigerator, Stainless Steel Appliance(s)
  • Basement: Full
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bathrooms: 5
  • Total Bedrooms: 6
  • Fireplaces: 2
  • LivingArea: 5933
  • Room Type: Bedroom 5, Recreation Room, Bedroom 6, Mud Room
  • Estimated Total Finished Sq Ft: 0
  • Assessed Sq Ft: 4089
  • Basement Description: Finished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Square Footage Comments: *4089 Sq Ft Above Ground ** 1933 Sq Ft in finished English basement.
  • Total Sq Ft: 0
  • Bathroom: Full

Exterior Features

  • List Price: 675000
  • Waterfront: No
  • Exterior Building Type: Brick,Cedar,Fiber Cement

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage
  • Type: Eating Area-Table Space

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 84
  • Association Fee Frequency: Monthly
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: ACM Community Management
  • Management Contact Name: Yvette
  • Management Phone: 847-866-7400
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: None

Schools

  • High School: Warren Township High School
  • Middle/Junior School District: 50

Lot Info

  • Lot Size Acres: 0.93
  • Lot Dimensions: 153X299X150X258
  • Lot Size: .50-.99 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 16972.3
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2022
Closed on
May 9, 2022
Sold by
Ricker Justin J and Ricker Melissa J
Bought by
Olson John C and Olson Kimberly A
Seller's Agent
Jennifer Andersen
HomeSmart Connect LLC
Buyer's Agent
Shannon Bremner
Keller Williams Success Realty
List Price
$675,000
Sold Price
$635,000
Premium/Discount to List
-$40,000
-5.93%
Total Days on Market
15
Current Estimated Value
$785,156

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$150,156
Avg. Annual Appreciation
7.23%
Original Mortgage
$539,750
Outstanding Balance
$512,997
Interest Rate
4.63%
Mortgage Type
New Conventional
Estimated Equity
$272,159

Purchase Details

Closed on
May 29, 2008
Sold by
Hangos Russell A and Gravel Hangos Helene
Bought by
Ricker Justin and Ricker Melissa J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$562,500
Interest Rate
6.05%
Mortgage Type
Purchase Money Mortgage

Range of Values:

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Average Value
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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
Olson John C $635,000 Chicago Title
Ricker Justin $750,000 Cti
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Olson John C $539,750
Previous Owner Ricker Justin $230,000
Previous Owner Ricker Justin $100,000
Previous Owner Ricker Justin $412,000
Previous Owner Ricker Justin $562,500
Previous Owner Hangos Russell A $520,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/09/2022 05/09/22 Sold $635,000 -5.9% $107 / Sq Ft
03/20/2022 03/20/22 Pending -- -- --
03/04/2022 03/04/22 For Sale $675,000 -- $114 / 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 $20,205 $226,552 $31,067 $195,485
2023 $19,919 $210,335 $28,843 $181,492
2022 $19,919 $207,062 $32,262 $174,800
2021 $18,038 $198,755 $30,968 $167,787
2020 $17,467 $193,870 $30,207 $163,663
2019 $16,972 $188,242 $29,330 $158,912
2018 $16,679 $197,175 $39,747 $157,428
2017 $16,507 $191,525 $38,608 $152,917
2016 $16,393 $182,997 $36,889 $146,108
2015 $17,462 $188,089 $35,196 $152,893
2014 -- $170,277 $49,047 $121,230
2012 $15,549 $171,581 $49,423 $122,158
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11339221

Midwest Real Estate Data (MRED)

APN: 07-10-104-009