NOT LISTED FOR SALE

580 Somerset Ln Unit 1 Crystal Lake, IL 60014

Estimated Value: $161,000 - $171,000

2 Beds
2 Baths
989 Sq Ft
$363/mo HOA Fee

Last Sold December 01, 2022

Last sale price $128,000 $129 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $1,570/month

3 Days on Market

Highlights

  • Screened Porch
  • Community Pool
  • Storage
  • Crystal Lake Central High School Rated A
  • Resident Manager or Management On Site
  • Central Air

About This Home

As of December 2022

**MULTIPLE OFFERS RECEIVED. HIGHEST AND BEST DUE BY 3PM FRIDAY 9/16**Great opportunity to own this 2 bed/2 full bath first floor condo located in Crystal Lake. Complete with a large family room and separate dining room, this unit also has brand new AC/furnace, an in unit washer/dryer and its own screened in porch! Also included with the unit are 2 unassigned parking spots and a storage closet. Minutes away from shopping, dining and the Metra. This unit can be rented, so investors are welcome!

Last Agent to Sell the Property

Neil Williams

@properties Christie's International Real Estate License #475157966 Listed on: 09/13/2022

@properties Christie's International Real Estate

Last Buyer's Agent

Chris Popp

Baird & Warner

Baird & Warner

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,714

Year Built

  • Built in 1973

Lot Details

  • 11

HOA Fees

  • $363 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Concrete Perimeter Foundation

Interior Spaces

  • 989 Sq Ft Home
  • 2-Story Property
  • Combination Dining and Living Room
  • Screened Porch
  • Storage
  • Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

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

Schools

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

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Community Details

Overview

  • Association fees include water, insurance, clubhouse, pool, exterior maintenance, lawn care, scavenger, snow removal
  • 8 Units
  • Psi Association, Phone Number (847) 806-6121
  • Property managed by PSI

Recreation

  • Community Pool

Pet Policy

  • Pets up to 40 lbs
  • Dogs and Cats Allowed

Additional Features

  • Common Area
  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,714

Year Built

Built in 1973

Lot Details

0

HOA Fees

$363 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): No
  • Unit Floor Level: 1
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Appliances: Range, Washer, Dryer
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Storage
  • LivingArea: 989
  • Room Type: Screened Porch
  • Stories Total: 2
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Slab
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Foundation Details: Concrete Perimeter
  • List Price: 124000
  • Lot Features: Common Grounds
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Unassigned
  • ParkingTotal: 2
  • Number of Cars: 2
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: N/A

Utilities

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

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 363
  • Association Amenities: Pool
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: PSI
  • Management Contact Name: PSI
  • Management Phone: 847-806-6121
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, 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: CONDO
  • Special Assessments: N

Rental Info

  • Board Number: 2
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 40

Tax Info

  • Tax Annual Amount: 2713.9
  • Tax Year: 2021

Multi Family

  • Units in Building: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2022
Closed on
Dec 1, 2022
Sold by
Busy Bee Rentals Llc
Bought by
Lautenschlager Judd and Lautenschlager Ramah
Seller's Agent
Neil Williams
@properties Christie's International Real Estate
Buyer's Agent
Chris Popp
Baird & Warner
List Price
$124,000
Sold Price
$128,000
Premium/Discount to List
$4,000
3.23%
Views
34
Current Estimated Value
$167,395

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,395
Avg. Annual Appreciation
9.90%

Purchase Details

Closed on
Jul 21, 2017
Sold by
Sampson Scott and Sampson Jennifer
Bought by
Busy Bee Rentals Llc

Purchase Details

Closed on
May 1, 1996
Sold by
Jewell Keith and Jewell Bernadine J
Bought by
Jewell Keith and Jewell Bernadine J
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
Lautenschlager Judd $128,000 First American Title
Busy Bee Rentals Llc -- Attorney
Jewell Keith -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2022 12/01/22 Sold $128,000 +3.2% $129 / Sq Ft
09/17/2022 09/17/22 Pending -- -- --
09/13/2022 09/13/22 For Sale $124,000 +226.3% $125 / Sq Ft
05/18/2012 05/18/12 Sold $38,000 -15.4% $38 / Sq Ft
05/09/2012 05/09/12 Pending -- -- --
05/07/2012 05/07/12 For Sale $44,900 0.0% $45 / Sq Ft
04/17/2012 04/17/12 Pending -- -- --
04/09/2012 04/09/12 For Sale $44,900 -- $45 / 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 $3,535 $41,754 $10,737 $31,017
2023 $3,438 $37,344 $9,603 $27,741
2022 $2,857 $30,164 $8,667 $21,497
2021 $2,714 $28,101 $8,074 $20,027
2020 $2,652 $27,106 $7,788 $19,318
2019 $2,590 $25,944 $7,454 $18,490
2018 $1,918 $18,837 $6,886 $11,951
2017 $1,268 $17,746 $6,487 $11,259
2016 $1,200 $16,644 $6,084 $10,560
2013 -- $20,819 $5,676 $15,143
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11627881

Midwest Real Estate Data (MRED)

APN: 19-08-253-105