Village on the Lake 700 Wellington Ave Unit 315 Elk Grove Village, IL 60007
Elk Grove Village East Neighborhood
2
Beds
2
Baths
--
Sq Ft
$511/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 January 2025ENJOY STUNNING LAKE VIEWS FROM EVERY WINDOW OF THIS SPACIOUS 2 BED, 2 BATH CONDO, COMPLETE WITH A LARGE PRIVATE BALCONY. LOCATED IN THE WELL-MAINTAINED 'VILLAGE ON THE LAKE' COMMUNITY, THIS HOME OFFERS GENEROUSLY SIZED ROOMS AND A HOST OF AMENITIES. THE ASSOCIATION FEE INCLUDES EXTERIOR MAINTENANCE, HEATING GAS, CENTRAL AIR, COOKING GAS, WATER, BASIC TV CABLE, INTERNET, SCAVENGER SERVICE, ON-SITE MANAGEMENT/MAINTENANCE, OUTDOOR POOL, AND LAKE RIGHTS. LAUNDRY ROOMS ARE CONVENIENTLY LOCATED ON THE 2ND AND 4TH FLOORS. JUST A SHORT WALK FROM SHOPPING, THE LIBRARY, A FITNESS CENTER, MOVIE THEATER, AND ALEXIAN BROTHERS HOSPITAL. SET IN THE PEACEFUL, NATURAL SURROUNDINGS OF BUSSE WOODS, THE BUILDING OFFERS A UNIQUE LIFESTYLE WITH ACCESS TO PRIVATE LAKES, TENNIS COURTS, BIKE TRAILS, A SWIMMING POOL, AND SCENIC WALKING PATHS-PERFECT FOR THOSE WHO ENJOY AN ACTIVE OUTDOOR LIFESTYLE.
Last Agent to Sell the Property
Vanguard Realty, Inc. License #471018850 Listed on: 10/25/2024
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,582
Year Built
- Built in 1972
HOA Fees
- $511 Monthly HOA Fees
Home Design
- Brick Exterior Construction
Interior Spaces
- Family Room
- Living Room
- L-Shaped Dining Room
- Laundry Room
Kitchen
- Range
- Dishwasher
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Potential Bedrooms
- 2 Full Bathrooms
Parking
- 2 Parking Spaces
- Uncovered Parking
- 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
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
20.01%
Original Mortgage
$178,600
Outstanding Balance
$178,157
Interest Rate
6.99%
Mortgage Type
New Conventional
Estimated Equity
$26,296
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
Create a Home Valuation Report for This Property
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 | $188,000 | Burnet Title | |
| 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 |
|---|---|---|---|
| Open | $178,600 | New Conventional | |
| Closed | $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 |
|---|---|---|---|---|
| 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
3 in this area
9 Total Sales
-
Stilian Dinev
Seller's Agent in 2025
Stilian Dinev
Vanguard Realty, Inc.
(312) 451-1561
2 in this area
124 Total Sales
-
Lori Christensen
Seller's Agent in 2015
Lori Christensen
N. W. Village Realty, Inc.
(847) 373-5158
148 in this area
243 Total Sales
About Village on the Lake
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12196751
APN: 08-32-101-019-1052
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