$172,500
SOLD APR 8, 2025

701 Colby Ct Unit U80 Gurnee, IL 60031

1 Bed
1 Bath
782 Sq Ft
$358/mo HOA Fee

Recently Sold

$221 Per Sq Ft

1% Below List Price

8 Days on Market

Highlights

  • Living Room
  • Laundry Room
  • Dining Room
  • Woodland Elementary School Rated A-
  • Central Air
  • Family Room

About This Home

As of April 2025

This charming, ranch-style townhouse is an end unit in the gorgeous Heather Ridge neighborhood, centrally located in Gurnee. The Heather Ridge community offers lush green landscaping and loads of activities like golfing, tennis, nature trail, and swimming! Terrific location provides quick access to the highway and is a short distance from downtown Libertyville, plenty of shops & restaurants; and Six Flags and Gurnee Mills shopping & entertainment district to the north, providing a variety of options to get out and about, but this property also offers a quiet community so you can also enjoy peace and tranquility in a desirable, cozy, and family-friendly neighborhood! This home features a single floor layout offering a large living room (27x14), kitchen (12x11), bedroom (14x11), bathroom and storage closet with laundry area. The higher vaulted ceilings in the living room along with a wood burning fireplace add warmth to the home and give it a cozy feel. This home is bright with a lot of natural light and plenty of surrounding green space. The bedroom, bathroom, and living room have beautiful laminate floors, and there is a semi-enclosed patio, that gives you a feel of privacy that is great for grilling, relaxing, and entertaining. Tennis courts, Swimming pool, Club house with pool table and ping pong, in addition to a cabana bar and more are easily accessible and available to residents. Snow removal, Lawn care, and landscaping are included with HOA's. Enjoy a relaxing lifestyle and luxurious amenities that Heather Ridge has to offer. A detached 1-car garage includes an electric garage door opener with additional parking lot space also available. A brand new washer/dryer tower is also included in the laundry area.

Last Agent to Sell the Property

Misael Chacon

Beycome brokerage realty LLC License #471021523 Listed on: 03/03/2025

Last Buyer's Agent

Sarah Hickman-Elliott

RE/MAX Plaza License #475213129

RE/MAX Plaza

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,134

Year Built

  • Built in 1976

HOA Fees

  • $358 Monthly HOA Fees

Parking

  • 1 Car Garage

Interior Spaces

  • 782 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Living Room
  • Dining Room
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Potential Bedroom
  • 1 Full Bathroom

Schools

  • Warren Township High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Community Details

Overview

  • Association fees include pool, exterior maintenance
  • 4 Units
  • Heather Ridge Association, Phone Number (847) 816-9300
  • Property managed by Hawthorne

Pet Policy

  • Pets up to 50 lbs
  • Dogs and Cats Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,134

Year Built

Built in 1976

Lot Details

0

HOA Fees

$358 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Townhouse-Ranch
  • Ownership: Fee Simple w/ HO Assn.
  • EntryLevel: 1
  • New Construction: No
  • Property Sub-Type: Townhouse-Ranch
  • Year Built: 1976
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • 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: Townhouses
  • Stories: 1

Interior Features

  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • LivingArea: 782
  • Room Type: No additional rooms
  • Stories Total: 1
  • Estimated Total Finished Sq Ft: 0
  • Assessed Sq Ft: 782
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • List Price: 175000
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: On Site, Detached, Garage
  • ParkingTotal: 1

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 358
  • Association Fee Frequency: Monthly
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Hawthorne
  • Management Contact Name: Heather Ridge
  • Management Phone: 847-816-9300
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Pool, Exterior Maintenance, Other

Schools

  • High School: Warren Township High School
  • Middle/Junior School District: 50

Lot Info

  • Lot Dimensions: 782
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: No
  • Max Pet Weight: 50

Tax Info

  • Tax Annual Amount: 3134
  • Tax Year: 2022

Multi Family

  • Units in Building: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2025
Closed on
Mar 29, 2025
Sold by
Brown Christine
Bought by
Mehta Kimberly
Seller's Agent
Misael Chacon
Beycome brokerage realty LLC
Buyer's Agent
Sarah Hickman-Elliott
RE/MAX Plaza
List Price
$175,000
Sold Price
$172,500
Premium/Discount to List
-$2,500
-1.43%
Total Days on Market
8
Views
44

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.04%

Purchase Details

Closed on
Jun 26, 2024
Sold by
Kohli Amit S
Bought by
Brown Christine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,050
Interest Rate
6.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 21, 2016
Sold by
Buschick Donna and Brock Jacqueline
Bought by
Kohli Amit S and Power Rebecca L

Purchase Details

Listed on
Jul 15, 2012
Closed on
Nov 16, 2012
Sold by
Beake Charles F and Beake Lisa M
Bought by
Hebior Loretta Marie
Seller's Agent
Jackson Sanderson
Berkshire Hathaway HomeServices Chicago
Buyer's Agent
Jackson Sanderson
Berkshire Hathaway HomeServices Chicago
List Price
$67,900
Sold Price
$49,900
Premium/Discount to List
-$18,000
-26.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.32%

Purchase Details

Closed on
Nov 9, 2011
Sold by
Beake Charles F and Beake Lisa M
Bought by
Beake Charles F and Beake Lisa M

Purchase Details

Closed on
Apr 14, 1998
Sold by
Wilson Christi E and Hoskins Christi E
Bought by
Beake Charles F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,875
Interest Rate
7.25%

Purchase Details

Closed on
Jan 31, 1997
Sold by
Hunter Wayne M and Hunter Wayne
Bought by
Wilson Christi E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,200
Interest Rate
7.73%
Mortgage Type
Balloon
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 $172,500 Chicago Title
Warranty Deed $165,000 Ata Gmt Title
Quit Claim Deed -- Ata Gmt Title
Warranty Deed $71,000 First American Title Ins Co
Warranty Deed $49,900 First American Title
Interfamily Deed Transfer -- None Available
Warranty Deed $72,500 Chicago Title Insurance Co
Warranty Deed $65,500 Burnet Title Llc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $160,050 New Conventional
Previous Owner $78,725 New Conventional
Previous Owner $84,600 Unknown
Previous Owner $79,222 Fannie Mae Freddie Mac
Previous Owner $10,000 Credit Line Revolving
Previous Owner $67,300 Unknown
Previous Owner $68,875 No Value Available
Previous Owner $62,200 Balloon
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2025 04/08/25 Sold $172,500 -1.4% $221 / Sq Ft
03/11/2025 03/11/25 Pending -- -- --
03/03/2025 03/03/25 For Sale $175,000 +250.7% $224 / Sq Ft
11/16/2012 11/16/12 Sold $49,900 -26.5% $64 / Sq Ft
09/06/2012 09/06/12 Pending -- -- --
07/15/2012 07/15/12 For Sale $67,900 -- $87 / 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 $3,824 $41,912 $8,185 $33,727
2023 $3,824 $38,912 $7,599 $31,313
2022 $3,134 $32,149 $6,377 $25,772
2021 $2,490 $27,069 $5,369 $21,700
2020 $2,413 $26,404 $5,237 $21,167
2019 $2,347 $25,637 $5,085 $20,552
2018 $1,728 $18,905 $2,649 $16,256
2017 $1,695 $18,363 $2,573 $15,790
2016 $1,110 $17,545 $2,458 $15,087
2015 $1,054 $16,640 $2,331 $14,309
2014 $994 $16,068 $2,300 $13,768
2012 $2,154 $16,191 $2,318 $13,873
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12302078

Midwest Real Estate Data (MRED)

APN: 07-28-203-003