$165,000
SOLD DEC 27, 2024

586 Somerset Ln Unit 8 Crystal Lake, IL 60014

2 Beds
2 Baths
1,030 Sq Ft
$419/mo HOA Fee

Recently Sold

$160 Per Sq Ft

8% Below List Price

84 Days on Market

Highlights

  • Clubhouse
  • Community Pool
  • Balcony
  • Crystal Lake Central High School Rated A
  • Formal Dining Room
  • Living Room

About This Home

As of December 2024

Experience the perfect combination of style, comfort, and convenience with this stunning 2-bedroom, 2-bathroom, perfectly designed for relaxation and entertainment. The Large living area flows effortlessly onto the balcony, creating a serene oasis for enjoying your Morning Coffee or unwinding at the end of a busy day. the kitchen boasts sleek, newer appliances and a ton of upgrades, in-unit laundry for added convenience, a private storage unit in the hallway, perfect for organizing and storing essentials, keeping your living space neat and clutter-free. outdoor amenities include a sparkling outdoor pool, perfect for summer lounging and relaxation and a community club for social gatherings. situated in prime location within walking distance to shopping, restaurants and more. Experience the perfect combination of style, comfort, and convenience in this beautifully updated unit. Schedule a showing today!

Last Agent to Sell the Property

Nora Luna

HomeSmart Connect LLC License #475178897 Listed on: 08/30/2024

HomeSmart Connect LLC

Last Buyer's Agent

Matt Lysien

Suburban Life Realty, Ltd License #471003181

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,743

Year Built

  • Built in 1976

HOA Fees

  • $419 Monthly HOA Fees

Interior Spaces

  • 1,030 Sq Ft Home
  • 2-Story Property
  • Family Room
  • Living Room
  • Formal Dining Room
  • Storage

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

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

Additional Features

  • Balcony
  • Heating Available

Community Details

Overview

  • Association fees include water, pool, exterior maintenance, lawn care, scavenger, snow removal
  • 8 Units
  • Somerset Association, Phone Number (773) 572-0880
  • Property managed by Somerset Condominium Association Of Crystal Lake

Amenities

  • Clubhouse
  • 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

$2,743

Year Built

Built in 1976

Lot Details

0

HOA Fees

$419 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: 1976
  • 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: 2
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Laundry Hook-Up in Unit, Storage
  • LivingArea: 1030
  • Room Type: No additional rooms
  • Stories Total: 2
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Assessor

Exterior Features

  • ExteriorFeatures: Balcony
  • Waterfront: No
  • Exterior Building Type: Brick,Frame

Garage/Parking

  • ParkingTotal: 2
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Cooling: Other
  • Electric: Circuit Breakers
  • Heating: Electric
  • Laundry Features: In Unit
  • Water Source: Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 419
  • Association Amenities: Storage, Pool, Clubhouse
  • Association Fee Frequency: Monthly
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Somerset Condominium Association Of Crystal Lake
  • Management Contact Name: Somerset
  • Management Phone: 773-572-0880
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Lot Info

  • Lot Dimensions: COMMON
  • Rural (Y/N): N
  • Special Assessments: N

Rental Info

  • Board Number: 3
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 25

Tax Info

  • Tax Annual Amount: 2743.04
  • Tax Year: 2023

Multi Family

  • Units in Building: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2024
Closed on
Dec 27, 2024
Sold by
Tomic Tamara
Bought by
Aina Olukemi
Seller's Agent
Nora Luna
HomeSmart Connect LLC
Buyer's Agent
Matt Lysien
Suburban Life Realty, Ltd
List Price
$180,000
Sold Price
$165,000
Premium/Discount to List
-$15,000
-8.33%
Views
149
Current Estimated Value
$173,896

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,896
Avg. Annual Appreciation
5.68%
Original Mortgage
$156,500
Outstanding Balance
$155,375
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$18,521

Purchase Details

Listed on
Mar 23, 2023
Closed on
Apr 10, 2023
Sold by
Robbins Dakota D
Bought by
Tomic Tamara
Seller's Agent
Libby Goodwin
Berkshire Hathaway HomeServices Starck Real Estate
Buyer's Agent
Nora Luna
HomeSmart Connect LLC
List Price
$130,000
Sold Price
$131,000
Premium/Discount to List
$1,000
0.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.72%
Original Mortgage
$104,800
Interest Rate
8.63%
Mortgage Type
Construction

Purchase Details

Listed on
Jun 1, 2018
Closed on
Jul 23, 2018
Sold by
Beil Darlene K
Bought by
Robbins Dakota D
Seller's Agent
Erin Dierks
Berkshire Hathaway HomeServices Starck Real Estate
Buyer's Agent
Libby Goodwin
Berkshire Hathaway HomeServices Starck Real Estate
List Price
$87,000
Sold Price
$87,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.00%
Original Mortgage
$82,650
Interest Rate
4.6%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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 Type Sale Price Title Company
Warranty Deed $165,000 Fidelity National Title
Warranty Deed $165,000 Fidelity National Title
Warranty Deed $131,000 None Listed On Document
Warranty Deed $58,000 Starck Title Svcs
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $156,500 New Conventional
Closed $156,500 New Conventional
Previous Owner $104,800 Construction
Previous Owner $82,650 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/27/2024 12/27/24 Sold $165,000 -5.7% $160 / Sq Ft
11/22/2024 11/22/24 Pending -- -- --
11/07/2024 11/07/24 Price Changed $175,000 -2.8% $170 / Sq Ft
11/05/2024 11/05/24 For Sale $180,000 0.0% $175 / Sq Ft
10/29/2024 10/29/24 Pending -- -- --
09/28/2024 09/28/24 For Sale $180,000 0.0% $175 / Sq Ft
09/04/2024 09/04/24 Pending -- -- --
08/30/2024 08/30/24 For Sale $180,000 +37.4% $175 / Sq Ft
04/24/2023 04/24/23 Sold $131,000 +0.8% $127 / Sq Ft View Prior Sale
03/27/2023 03/27/23 For Sale $130,000 +49.4% $126 / Sq Ft
03/23/2023 03/23/23 Pending -- -- --
07/27/2018 07/27/18 Sold $87,000 0.0% $84 / Sq Ft View Prior Sale
06/05/2018 06/05/18 Pending -- -- --
06/01/2018 06/01/18 For Sale $87,000 -- $84 / 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 $3,577 $42,254 $10,737 $31,517
2023 $2,743 $37,791 $9,603 $28,188
2022 $2,262 $29,875 $8,667 $21,208
2021 $2,108 $27,832 $8,074 $19,758
2020 $2,040 $26,847 $7,788 $19,059
2019 $1,966 $25,696 $7,454 $18,242
2018 $849 $19,333 $6,886 $12,447
2017 $779 $18,213 $6,487 $11,726
2016 $686 $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: 12151509

Midwest Real Estate Data (MRED)

APN: 19-08-253-128