$75,000
SOLD JUN 8, 2021

70 Fossil Cove Ln Wilmington, IL 60481

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

Recently Sold

$188 Per Sq Ft

26 Days on Market

Highlights

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

About This Home

As of May 2023

Enjoy all the amenities in Shadow Lakes with its beach, pool and Amenity Center. Shadow lakes is an established gated community. This home is located on the water, with its own boat dock. Whether year round or a "get away retreat" this home is cozy. Located on a water way leading to one of the two lakes in Shadow Lakes. Water access year round. (Ice fishing and ice skating). Enjoy the solitude in your own little bungalow or add the year round activities, at the local community center, to your calendar. Home is full of characteristic log cabin design and cathedral ceilings. Beautiful wood work throughout. Bedroom has barn door slider and the bathroom door is a swing door. Will come fully furnished, nothing to but move right in! Outdoors consist of a full deck with covered, screened in gazebo. Side yard is fenced. Entry way leading to water, this is the place to fish, swim, or boat, where it can reach 20 feet deep in some areas. (BIG FISH POSSIBILITIES!) Large shed for storing those 2 & 4 wheeled toys. Kitchen appliances stay. Please call Shadow Lakes for all Association details. Annual dues are based on a tiered scale.

Last Agent to Sell the Property

Diane Brannock

Hexagon Real Estate License #471011113 Listed on: 04/10/2021

Last Buyer's Agent

Diane Brannock

Hexagon Real Estate License #471011113 Listed on: 04/10/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,554

Year Built

  • Built in 2005

Lot Details

  • 4,748 Sq Ft Lot
  • Lot Dimensions are 50x100
  • Property fronts a channel
  • Cul-De-Sac
  • Fenced Yard
  • Paved or Partially Paved Lot

HOA Fees

  • $67 Monthly HOA Fees

Home Design

  • Aluminum Siding

Interior Spaces

  • 400 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Vaulted Ceiling
  • Laminate Flooring
  • Water Views

Kitchen

  • Range
  • Microwave

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Potential Bedroom
  • Bathroom on Main Level
  • 1 Full Bathroom

Parking

  • 2 Parking Spaces
  • Gravel Driveway
  • Uncovered Parking
  • Parking Space is Owned

Accessible Home Design

  • Grab Bar In Bathroom
  • Accessibility Features
  • No Interior Steps
  • More Than Two Accessible Exits
  • Ramp on the main level
  • Entry Slope Less Than 1 Foot

Outdoor Features

  • Tideland Water Rights
  • Docks
  • Deck
  • Gazebo

Location

  • Property is near a park

Utilities

  • Central Air
  • Heating System Uses Propane

Community Details

Overview

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

Recreation

  • Boat Dock
  • Community Pool

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,554

Year Built

Built in 2005

Lot Details

0

HOA Fees

$67 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
  • Year Built: 2005
  • Age: 16-20 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Refrigerator
  • Basement: None
  • Accessibility Features: 2 or More Access Exits, Entry Slope less than 1 foot, Bath Grab Bars, No Interior Steps, Ramp - Main Level
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Interior Amenities: Vaulted/Cathedral Ceilings, Wood Laminate Floors, 1st Floor Bedroom, 1st Floor Full Bath, Built-in Features
  • 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

Exterior Features

  • ExteriorFeatures: Deck
  • List Price: 75000
  • Lot Features: Channel Front, Cul-De-Sac, Fenced Yard, Water Rights, Water View, Dock, Waterfront
  • OtherStructures: Gazebo
  • Waterfront: Yes
  • Exterior Building Type: Aluminum Siding

Garage/Parking

  • ParkingTotal: 2
  • Number of Cars: 2
  • Driveway: Gravel
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Propane
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 800
  • Association Fee Frequency: Annually
  • Community Features: Clubhouse, Park, Pool, Lake, Dock, Water Rights, Gated, Street Paved
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Shadow Lakes
  • Management Contact Name: Office
  • Management Phone: 815-458-3647X0000

Fee Information

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

Schools

  • Middle/Junior School District: 255U

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.109
  • Lot Dimensions: 50X100
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 21

Tax Info

  • Tax Annual Amount: 1554
  • Tax Year: 2019
  • 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
$199,163

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,163
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: MRD11049141

Midwest Real Estate Data (MRED)

APN: 24-04-104-108