NOT LISTED FOR SALE

566 Somerset Ln Unit 7 Crystal Lake, IL 60014

Estimated Value: $163,000 - $172,308

2 Beds
2 Baths
1,030 Sq Ft
$337/mo HOA Fee

Last Sold September 15, 2021

Last sale price $122,000 $118 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $1,511/month

2 Days on Market

Highlights

  • Community Pool
  • Central Air
  • Community Storage Space
  • Crystal Lake Central High School Rated A
  • Dogs and Cats Allowed
  • Heating Available

About This Home

As of September 2021

Completely remodeled spacious 2 bedroom, 2 bath second floor unit. List of upgrades: All new kitchen with Cabinets * Entire unit freshly painted * New carpet * Butcher block countertops * New bathroom vanities * Newer AC and Heating. Enjoy the Somerset subdivision's pool in the summer, the club house all year around, and storage right outside of your unit. Close proximity to Downtown Crystal Lake, Crystal Lake Metra Station, Three Oaks recreation area, and Prairie Trail. Rentals are allowed. This unit wont last so come see it today!

Last Agent to Sell the Property

Robert Sidlauskas

HomeSmart Connect LLC License #475166254 Listed on: 08/13/2021

HomeSmart Connect LLC

Last Buyer's Agent

Kushal Thakkar

Coldwell Banker Realty License #475175159

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,593

Year Built

  • Built in 1973 | Remodeled in 2021

Lot Details

  • 11

HOA Fees

  • $337 Monthly HOA Fees

Interior Spaces

  • 1,030 Sq Ft Home
  • 1-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Uncovered Parking
  • Parking Included in Price

Schools

  • Canterbury Elementary School
  • Hannah Beardsley Middle School
  • Crystal Lake Central High School

Utilities

  • Central Air
  • Heating Available

Community Details

Overview

  • Association fees include water, parking, insurance, clubhouse, pool, exterior maintenance, lawn care, scavenger, snow removal
  • 8 Units
  • Michael Association, Phone Number (847) 777-7036
  • Property managed by First Residential Services

Amenities

  • Community Storage Space

Recreation

  • Community Pool

Pet Policy

  • Pets up to 25 lbs
  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,593

Year Built

Built in 1973 | Remodeled in 2021

Lot Details

0

HOA Fees

$337 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Year Built: 1973
  • Age: 41-50 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): Yes
  • Unit Floor Level: 2
  • Rehab Year: 2021
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1
  • Year Renovated: 2021

Interior Features

  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • LivingArea: 1030
  • Room Type: No additional rooms
  • Stories Total: 1
  • Estimated Total Finished Sq Ft: 0
  • Assessed Sq Ft: 1030
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • Bedroom 2 Flooring: Carpet
  • Dining Room Flooring: Carpet
  • Kitchen Flooring: Ceramic Tile
  • Living Room Flooring: Carpet
  • MRD_MBB: Full
  • Master Bedroom Flooring: Carpet
  • Master Bedroom Dimensions: 14X12
  • Bedroom 2 Window: Curtains/Drapes
  • Living Room Windows: Curtains/Drapes
  • Master Bedroom Windows: Curtains/Drapes

Exterior Features

  • List Price: 119900
  • Waterfront: No
  • Exterior Building Type: Brick,Cedar

Garage/Parking

  • ParkingTotal: 2
  • Number of Cars: 2
  • Parking: Space/s
  • Parking On-Site: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: In Unit
  • Water Source: Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 337
  • Association Amenities: Storage, Pool
  • Association Fee Frequency: Monthly
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: First Residential Services
  • Management Contact Name: Michael
  • Management Phone: 847-777-7036

Fee Information

  • Association Fee Includes: Water, Parking, Insurance, Clubhouse, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal

Schools

  • Elementary School: Canterbury Elementary School
  • High School: Crystal Lake Central High School
  • Middle/Junior School: Hannah Beardsley Middle School
  • Middle/Junior School District: 47

Lot Info

  • Lot Dimensions: COMMON
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 25

Tax Info

  • Tax Annual Amount: 2593.22
  • Tax Year: 2020

Multi Family

  • Units in Building: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2021
Closed on
Sep 15, 2021
Sold by
Cummings Phillip E and Cummings Teresa E
Bought by
Thakkar Nayan and Thakkar Minal
Seller's Agent
Robert Sidlauskas
HomeSmart Connect LLC
Buyer's Agent
Kushal Thakkar
Coldwell Banker Realty
List Price
$119,900
Sold Price
$122,000
Premium/Discount to List
$2,100
1.75%
Current Estimated Value
$167,327

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,327
Avg. Annual Appreciation
8.03%
Original Mortgage
$91,500
Outstanding Balance
$83,258
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$84,069

Purchase Details

Listed on
Feb 5, 2013
Closed on
Apr 12, 2013
Sold by
Pflibsen Linda L
Bought by
Cummings Phillip E and Cummings Teresa E
Seller's Agent
Sue Perdue
Baird & Warner
Buyer's Agent
Sue Maday
Berkshire Hathaway HomeServices Starck Real Estate
List Price
$39,000
Sold Price
$42,500
Premium/Discount to List
$3,500
8.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.34%

Purchase Details

Closed on
Mar 6, 2000
Sold by
Liere Bruce H and Liere Jean P
Bought by
Pflibsen Linda L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,410
Interest Rate
8.27%
Mortgage Type
FHA
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
Thakkar Nayan $122,000 Chicago Title
Cummings Phillip E $42,500 Baird & Warner Title Service
Pflibsen Linda L $53,000 Universal Title Services Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thakkar Nayan $91,500
Previous Owner Pflibsen Linda L $51,410
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/15/2021 09/15/21 Sold $122,000 +1.8% $118 / Sq Ft
08/16/2021 08/16/21 Pending -- -- --
08/13/2021 08/13/21 For Sale $119,900 +182.1% $116 / Sq Ft
04/15/2013 04/15/13 Sold $42,500 +9.0% $41 / Sq Ft View Prior Sale
02/05/2013 02/05/13 Pending -- -- --
02/05/2013 02/05/13 For Sale $39,000 -- $38 / 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 $3,429 $40,503 $10,737 $29,766
2023 $3,335 $36,225 $9,603 $26,622
2022 $2,794 $29,497 $8,667 $20,830
2021 $2,654 $27,480 $8,074 $19,406
2020 $2,593 $26,507 $7,788 $18,719
2019 $2,533 $25,370 $7,454 $17,916
2018 $1,969 $19,333 $6,886 $12,447
2017 $1,966 $18,213 $6,487 $11,726
2016 $1,926 $17,082 $6,084 $10,998
2013 -- $24,277 $5,676 $18,601
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11188586

Midwest Real Estate Data (MRED)

APN: 19-08-253-031