$110,000
SOLD MAY 22, 2023

70 Fossil Cove Ln Wilmington, IL 60481

1 Bed
1 Bath
400 Sq Ft
4,748 Sq Ft Lot

Recently Sold

$275 Per Sq Ft

2% Above List Price

1 Day on Market

Highlights

  • Water Views
  • Gated Community
  • Community Lake
  • Boat Slip
  • Property fronts a channel
  • Clubhouse

About This Home

As of May 2023

This WATERFRONT Park Model is a MUST see!! Enjoy your wrap around deck, screened in gazebo and private boat dock. Property includes water rights. Inside you will enjoy a log cabin oasis! All appliances stay. This water front property has a fantastic sea wall, fenced in side yard, and is perfect for vacation get-aways or everyday "tiny house" living. This is in a private gated community. We have miles of fresh water channels, lakes, and marshes all interconnecting. This is the place to fish, swim, or boat, where it can reach 42 feet deep in some areas. (BIG FISH POSSIBILITIES!) Wildlife is abundant as well. This association includes a club house, community pool, a separate sand beach, pavilion, dog park, volleyball and basketball area (other games as well). Other important notes: Close to I55 & only 60 Mins. from Chicago. Only Electric Boats & Golf Carts allowed. Association Dues are on a tiered basis and depend on the time you spend at the property. Dues include water, sewer and garbage. Buyer / Buyer's agent to call Shadow Lakes to verify all rules / info. Lot size and square footage estimated.

Last Agent to Sell the Property

Diane Brannock

Hexagon Real Estate License #471011113 Listed on: 04/19/2023

Last Buyer's Agent

Kimberly Engelhardt

Lori Bonarek Realty License #475156135

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,781

Year Built

  • Built in 2005

Lot Details

  • Lot Dimensions are 50 x 100
  • Property fronts a channel
  • Cul-De-Sac
  • Wood Fence
  • Paved or Partially Paved Lot

HOA Fees

  • $74 Monthly HOA Fees

Home Design

  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 400 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Family Room
  • Living Room
  • Dining Room
  • Laminate Flooring
  • Water Views
  • Laundry Room

Kitchen

  • Range
  • Microwave

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Potential Bedroom
  • 1 Full Bathroom

Parking

  • 2 Parking Spaces
  • Driveway
  • Uncovered Parking
  • Off-Street Parking
  • Parking Included in Price

Outdoor Features

  • Tideland Water Rights
  • Boat Slip
  • Deck
  • Gazebo
  • Shed

Location

  • Property is near a park

Schools

  • Reed-Custer Primary Elementary School
  • Reed-Custer Middle School
  • Reed-Custer High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Propane

Community Details

Overview

  • Association fees include water, security, clubhouse, pool, scavenger, lake rights
  • Association Phone (815) 458-3647
  • Shadow Lakes Subdivision
  • Property managed by Shadow Lakes
  • Community Lake

Recreation

  • Community Pool

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,781

Year Built

Built in 2005

Lot Details

0

HOA Fees

$74 per month

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple w/ HO Assn.
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Subdivision Name: Shadow Lakes
  • Year Built: 2005
  • Age: 16-20 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Refrigerator
  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Interior Amenities: Vaulted/Cathedral Ceilings, Wood Laminate Floors
  • LivingArea: 400
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • Flooring: Wood Laminate

Exterior Features

  • ExteriorFeatures: Deck, Boat Slip
  • List Price: 108000
  • Lot Features: Channel Front, Cul-De-Sac, Water Rights, Water View, Views, Waterfront, Wood Fence
  • OtherStructures: Gazebo, Shed(s)
  • Roof: Asphalt
  • Waterfront: Yes
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Parking Features: Off Street
  • ParkingTotal: 2
  • Number of Cars: 2
  • Driveway: Concrete
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heating: Propane, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 883
  • Association Fee Frequency: Annually
  • Community Features: Clubhouse, Park, Pool, Lake, Water Rights, Gated, Street Paved
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Shadow Lakes
  • Management Contact Name: 0
  • Management Phone: 815-458-3647
  • ResoAssociationFeeFrequency: Annually

Fee Information

  • Association Fee Includes: Water, Security, Clubhouse, Pool, Scavenger, Lake Rights

Schools

  • Elementary School: Reed-Custer Primary School
  • High School: Reed-Custer High School
  • Middle/Junior School: Reed-Custer Middle School
  • Middle/Junior School District: 255U

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 50 X 100
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 21
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 1781
  • Tax Year: 2021
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2023
Closed on
May 22, 2023
Sold by
Albrecht Daniel M
Bought by
Mcgarr Colleen
Seller's Agent
Diane Brannock
Hexagon Real Estate
Buyer's Agent
Kimberly Engelhardt
Lori Bonarek Realty
List Price
$108,000
Sold Price
$110,000
Premium/Discount to List
$2,000
1.85%
Views
20
Current Estimated Value
$204,038

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,038
Avg. Annual Appreciation
31.91%

Purchase Details

Closed on
Sep 6, 2022
Sold by
Albrecht Daniel M
Bought by
Albrecht Daniel M and Albrecht Dawn M

Purchase Details

Listed on
Apr 10, 2021
Closed on
May 28, 2021
Sold by
Dalton Donald H and Dalton Karne M
Bought by
Albrecht Daniel M
Seller's Agent
Diane Brannock
Hexagon Real Estate
Buyer's Agent
Diane Brannock
Hexagon Real Estate
Sold Price
$75,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.02%
Original Mortgage
$52,500
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 8, 2014
Sold by
Fresso Susan
Bought by
Dalton Donald H and Dalton Karen M

Purchase Details

Closed on
Mar 23, 2004
Sold by
Emrick Dale and Emrick Darlene
Bought by
Fresso Joseph and Fresso Susan

Purchase Details

Closed on
May 15, 1995
Sold by
American National Bk & Tr Co Of Chicago
Bought by
Kosman Albin L and Kosman Joanne L
Source: Public Records

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Range of Values:

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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 $110,000 None Listed On Document
Quit Claim Deed -- --
Warranty Deed $75,000 Fidelity National Title
Warranty Deed $60,000 Fidelity National Title Ins
Joint Tenancy Deed $59,000 --
Joint Tenancy Deed $20,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $52,500 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/22/2023 05/22/23 Sold $110,000 +1.9% $275 / Sq Ft
04/21/2023 04/21/23 Pending -- -- --
04/19/2023 04/19/23 For Sale $108,000 +44.0% $270 / Sq Ft
06/08/2021 06/08/21 Sold $75,000 0.0% $188 / Sq Ft
05/05/2021 05/05/21 Pending -- -- --
05/05/2021 05/05/21 For Sale -- -- --
04/09/2021 04/09/21 For Sale $75,000 -- $188 / 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
2023 $2,124 $28,267 $13,475 $14,792
2022 $1,781 $25,651 $12,228 $13,423
2021 $1,731 $24,483 $11,671 $12,812
2020 $1,640 $23,195 $11,057 $12,138
2019 $1,555 $21,903 $10,441 $11,462
2018 $1,501 $20,959 $9,991 $10,968
2017 $1,475 $20,548 $9,795 $10,753
2016 $649 $19,872 $9,473 $10,399
2015 $330 $19,359 $9,228 $10,131
2014 $330 $10,103 $9,228 $875
2013 $330 $10,805 $9,869 $936
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11762436

Midwest Real Estate Data (MRED)

APN: 24-04-104-108