Village on the Lake 700 Wellington Ave Unit 315 Elk Grove Village, IL 60007
Elk Grove Village East Neighborhood
2
Beds
2
Baths
1,100
Sq Ft
$540/mo
HOA Fee
Highlights
- Lock-and-Leave Community
- L-Shaped Dining Room
- Tennis Courts
- Elk Grove High School Rated A
- Community Pool
- 5-minute walk to Marshall Park
About This Home
As of August 2025Welcome to your new home! This beautifully renovated 2-bedroom, 2-bathroom condo has been completely remodeled to offer a luxurious and modern living experience, featuring high-end finishes and thoughtful design throughout. The entire condo has been thoughtfully renovated, providing a fresh, modern aesthetic throughout. Enjoy a bright and modern kitchen with white cabinets, stunning quartz countertops, and stainless steel appliances. The kitchen also includes a pantry for added storage and convenience. Both bathrooms have been completely updated with high-end fixtures and finishes, offering a spa-like retreat at home. An expansive balcony provides ample space for outdoor relaxation and entertaining, adding an extra dimension of living space. Ideally situated close to Alexian Brothers Hospital, a variety of restaurants, Woodfield Mall, and major expressways, this unit offers both convenience and connectivity. This condo is part of a desirable community that features extensive amenities including access to a park, a lake, a swimming pool, tennis courts, and walking and biking paths, perfect for an active lifestyle. The association dues cover of common insurance, elevators, exterior maintenance, heat, air conditioning, gas, water, snow removal, trash services, and cable TV/internet, ensuring a worry-free living experience. Storage conveniently located on the same floor add to the ease and comfort of living here. This condo represents a perfect blend of luxury, convenience, and modern style, set in a prime location with a wealth of community amenities. Don't miss out on this opportunity to experience the best of Elk Grove Village living!
Last Agent to Sell the Property
Leader Realty, Inc. License #475148994 Listed on: 05/29/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,582
Year Built
- Built in 1972
HOA Fees
- $540 Monthly HOA Fees
Home Design
- Brick Exterior Construction
Interior Spaces
- 1,100 Sq Ft Home
- Family Room
- Living Room
- L-Shaped Dining Room
- Laminate Flooring
- Laundry Room
Kitchen
- Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Potential Bedrooms
- 2 Full Bathrooms
Parking
- 2 Parking Spaces
- Parking Included in Price
- Unassigned Parking
Outdoor Features
Schools
- Salt Creek Elementary School
- Grove Junior High School
- Elk Grove High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Lake Michigan Water
Listing and Financial Details
- Homeowner Tax Exemptions
Community Details
Overview
- Association fees include heat, air conditioning, water, gas, parking, insurance, tv/cable, clubhouse, pool, exterior maintenance, lawn care, scavenger, snow removal, lake rights, internet
- 98 Units
- Manager Association, Phone Number (847) 228-0555
- Village On The Lake Subdivision
- Property managed by Village on the Lake
- Lock-and-Leave Community
- 5-Story Property
Amenities
- Common Area
- Party Room
- Coin Laundry
- Elevator
- Service Elevator
Recreation
- Park
- Bike Trail
Pet Policy
- Cats Allowed
Security
- Resident Manager or Management On Site
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 29, 2025
Closed on
Aug 6, 2025
Sold by
Maciejowska Katarzyna
Bought by
Pelesh George J and Pelesh Joann M
Seller's Agent
Karolina Swierczewska
Leader Realty, Inc.
Buyer's Agent
Lynn Hayes
Berkshire Hathaway HomeServices American Heritage
List Price
$274,900
Sold Price
$270,000
Premium/Discount to List
-$4,900
-1.78%
Views
166
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-29.60%
Purchase Details
Listed on
Oct 25, 2024
Closed on
Dec 27, 2024
Sold by
Pehlivanova Milena
Bought by
Maciejowska Katarzyna
Seller's Agent
Stilian Dinev
Vanguard Realty, Inc.
Buyer's Agent
Karolina Swierczewska
Leader Realty, Inc.
List Price
$198,700
Sold Price
$188,000
Premium/Discount to List
-$10,700
-5.39%
Views
132
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
90.86%
Original Mortgage
$178,600
Interest Rate
6.99%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jan 22, 2015
Closed on
Sep 28, 2015
Sold by
Demeulenaere Peter and Lorraine M Demeulenaere Trust
Bought by
Pehlivanova Milena
Seller's Agent
Lori Christensen
N. W. Village Realty, Inc.
Buyer's Agent
Stilian Dinev
Vanguard Realty, Inc.
List Price
$116,900
Sold Price
$108,000
Premium/Discount to List
-$8,900
-7.61%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.14%
Original Mortgage
$7,500
Interest Rate
3.88%
Mortgage Type
Stand Alone Second
Purchase Details
Closed on
Jan 17, 1995
Sold by
Demeulenaere Lorraine M
Bought by
Demeulenaere Lorraine M and The Lorraine M Demeulenaere Tr
Similar Homes in Elk Grove Village, IL
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $270,000 | None Listed On Document | |
| Warranty Deed | $188,000 | Burnet Title | |
| Warranty Deed | $108,000 | First American Title Ins Co | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $178,600 | New Conventional | |
| Previous Owner | $7,500 | Stand Alone Second | |
| Previous Owner | $86,400 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/08/2025 08/08/25 | Sold | $270,000 | +0.8% | $245 / Sq Ft |
| 06/11/2025 06/11/25 | Price Changed | $267,900 | -0.7% | $244 / Sq Ft |
| 06/06/2025 06/06/25 | Price Changed | $269,900 | -1.8% | $245 / Sq Ft |
| 05/29/2025 05/29/25 | For Sale | $274,900 | +46.2% | $250 / Sq Ft |
| 01/17/2025 01/17/25 | Sold | $188,000 | -5.4% | -- |
| 12/06/2024 12/06/24 | Pending | -- | -- | -- |
| 10/25/2024 10/25/24 | For Sale | $198,700 | +84.0% | -- |
| 10/02/2015 10/02/15 | Sold | $108,000 | -6.0% | -- |
| 08/12/2015 08/12/15 | Pending | -- | -- | -- |
| 07/06/2015 07/06/15 | Price Changed | $114,900 | -1.7% | -- |
| 05/18/2015 05/18/15 | For Sale | $116,900 | 0.0% | -- |
| 05/12/2015 05/12/15 | Pending | -- | -- | -- |
| 05/04/2015 05/04/15 | Price Changed | $116,900 | -2.5% | -- |
| 01/22/2015 01/22/15 | For Sale | $119,900 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $2,582 | $13,485 | $283 | $13,202 |
| 2023 | $2,459 | $13,485 | $283 | $13,202 |
| 2022 | $2,459 | $13,485 | $283 | $13,202 |
| 2021 | $2,267 | $11,496 | $174 | $11,322 |
| 2020 | $2,245 | $11,496 | $174 | $11,322 |
| 2019 | $2,298 | $12,867 | $174 | $12,693 |
| 2018 | $1,499 | $8,901 | $149 | $8,752 |
| 2017 | $1,505 | $8,901 | $149 | $8,752 |
| 2016 | $1,629 | $8,901 | $149 | $8,752 |
| 2015 | $1,393 | $7,827 | $133 | $7,694 |
| 2014 | $1,679 | $8,925 | $133 | $8,792 |
| 2013 | $2,304 | $8,925 | $133 | $8,792 |
Source: Public Records
Agents Affiliated with this Home
-
Karolina Swierczewska
K
Seller's Agent in 2025
Karolina Swierczewska
Leader Realty, Inc.
(773) 732-7868
4 in this area
10 Total Sales
-
Stilian Dinev
Seller's Agent in 2025
Stilian Dinev
Vanguard Realty, Inc.
(312) 451-1561
2 in this area
125 Total Sales
-
Lynn Hayes
Buyer's Agent in 2025
Lynn Hayes
Berkshire Hathaway HomeServices American Heritage
(847) 312-9270
1 in this area
130 Total Sales
-
Kimberly Strom
Buyer Co-Listing Agent in 2025
Kimberly Strom
Berkshire Hathaway HomeServices American Heritage
(224) 567-0464
1 in this area
138 Total Sales
-
Lori Christensen
Seller's Agent in 2015
Lori Christensen
N. W. Village Realty, Inc.
(847) 373-5158
147 in this area
242 Total Sales
About Village on the Lake
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12378571
APN: 08-32-101-019-1052
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