NOT LISTED FOR SALE

73 Fossil Cove Ln Wilmington, IL 60481

Estimated Value: $110,283 - $122,000

1 Bed
1 Bath
532 Sq Ft
$219/Sq Ft Est. Value

Last Sold November 17, 2023

Last sale price $89,500 $168 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $857/month

42 Days on Market

Highlights

  • Gated Community
  • Community Lake
  • Deck
  • Property fronts a channel
  • Clubhouse
  • Property is near a park

About This Home

As of November 2023

Park model with attached 3 season room is ready for its new owner. Located on the water, you can enjoy the tiered deck, overlooking the water while dining or relaxing the day away. The 1 Bedroom / 1 Bath home is an estate sale, and will be sold as-is. Pontoon boat will come with this property and is also as-is. (new motor 2/23). Some new flooring has been installed. Appliances stay. This is 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). They offer plenty of family and group activities. 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 - could be a different amount then the seller has. . Dues include water, sewer and garbage, pool. Buyer / Buyer's agent to call Shadow Lakes to verify all rules / info. Lot size and square footage is estimated.

Last Agent to Sell the Property

Diane Brannock

Hexagon Real Estate License #471011113 Listed on: 09/08/2023

Last Buyer's Agent

Kimberly Medici

Platinum Partners Realtors License #475139437

Platinum Partners Realtors

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,386

Year Built

  • Built in 1994

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 52x96x50x95
  • Property fronts a channel
  • Paved or Partially Paved Lot

HOA Fees

  • $147 Monthly HOA Fees

Home Design

  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 532 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Vaulted Ceiling
  • Sun or Florida Room
  • Laminate Flooring
  • Range

Bedrooms and Bathrooms

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

Parking

  • 2 Parking Spaces
  • Driveway
  • Uncovered Parking
  • Parking Included in Price

Outdoor Features

  • Tideland Water Rights
  • Deck
  • Shed

Location

  • Property is near a park

Utilities

  • Central Air
  • Heating System Uses Propane

Community Details

Overview

  • Association fees include water, security, clubhouse, pool, scavenger, lake rights
  • Shadow Lakes Association
  • 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

$1,386

Year Built

Built in 1994

Lot Details

0

HOA Fees

$147 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: 1994
  • Age: 26-30 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Refrigerator
  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Interior Amenities: Vaulted/Cathedral Ceilings, Wood Laminate Floors, First Floor Bedroom, First Floor Full Bath, Built-in Features
  • LivingArea: 532
  • Room Type: Sun Room
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0

Exterior Features

  • ExteriorFeatures: Deck, Other
  • Lot Features: Channel Front
  • OtherStructures: Shed(s)
  • Roof: Asphalt
  • Waterfront: Yes
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • ParkingTotal: 2
  • Number of Cars: 2
  • Driveway: Asphalt
  • 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: 1766
  • 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: Shadow Lakes
  • Management Phone: 000-000-0000
  • ResoAssociationFeeFrequency: Annually

Fee Information

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

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.1
  • Lot Dimensions: 52X96X50X95
  • 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: 1385.96
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2023
Closed on
Nov 16, 2023
Sold by
Newberry Tracey and Newberry Alex
Bought by
Fortin Robert and Medici Kimberly
Seller's Agent
Diane Brannock
Hexagon Real Estate
Buyer's Agent
Kimberly Medici
Platinum Partners Realtors
List Price
$120,000
Sold Price
$89,500
Premium/Discount to List
-$30,500
-25.42%
Views
98
Current Estimated Value
$117,529

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,029
Avg. Annual Appreciation
13.64%

Purchase Details

Listed on
Oct 24, 2021
Closed on
Feb 11, 2022
Sold by
Michael Reynolds
Bought by
Newberry Eric S
Seller's Agent
Candace Shell
Pro Real Estate
Buyer's Agent
Jonnie Vanderhyden
Village Realty, Inc.
List Price
$109,900
Sold Price
$105,000
Premium/Discount to List
-$4,900
-4.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-9.23%
Original Mortgage
$73,500
Interest Rate
4.75%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Jul 22, 2014
Closed on
Aug 26, 2014
Sold by
Baker Ruth B and Ruth B Banker Trust
Bought by
Reynolds Michael and Dewood James T
Seller's Agent
Keith Eastman
Keith Eastman Realty, LLC
Buyer's Agent
Candace Shell
Pro Real Estate
List Price
$59,900
Sold Price
$45,000
Premium/Discount to List
-$14,900
-24.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.83%

Purchase Details

Closed on
Apr 22, 2014
Sold by
Baker Ruth B
Bought by
Baker Ruth B and Ruth B Baker Trust

Purchase Details

Closed on
Aug 4, 2000
Sold by
Davis Harry W and Davis Sharon S
Bought by
Baker Louis and Baker Ruth

Purchase Details

Closed on
Sep 8, 1998
Sold by
Scoleri Raymond T and Scoleri Mary Ellen
Bought by
Davis Harry W and Davis Sharon S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
7.02%

Purchase Details

Closed on
May 15, 1998
Sold by
American National Bk & Tr Co Of Chicago
Bought by
Scoleri Raymond T and Scoleri Mary Ellen
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Fortin Robert $89,500 Fidelity National Title Insura
Newberry Eric S $105,000 Fidelity National Title
Reynolds Michael $45,000 First American Title
Baker Ruth B -- None Available
Baker Louis $80,000 --
Davis Harry W $67,000 --
Scoleri Raymond T $23,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Newberry Eric S $73,500
Previous Owner Davis Harry W $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/17/2023 11/17/23 Sold $89,500 -9.6% $168 / Sq Ft
10/21/2023 10/21/23 Pending -- -- --
10/11/2023 10/11/23 Price Changed $99,000 -13.2% $186 / Sq Ft
09/28/2023 09/28/23 Price Changed $114,000 -5.0% $214 / Sq Ft
09/08/2023 09/08/23 For Sale $120,000 +14.3% $226 / Sq Ft
03/23/2022 03/23/22 Sold $105,000 -4.5% $197 / Sq Ft View Prior Sale
01/18/2022 01/18/22 Pending -- -- --
10/24/2021 10/24/21 For Sale $109,900 +144.2% $207 / Sq Ft
08/26/2014 08/26/14 Sold $45,000 -24.9% $85 / Sq Ft View Prior Sale
08/02/2014 08/02/14 Pending -- -- --
07/22/2014 07/22/14 For Sale $59,900 -- $113 / 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 $1,120 $24,451 $17,192 $7,259
2023 $1,120 $21,900 $15,398 $6,502
2022 $1,386 $19,873 $13,973 $5,900
2021 $1,347 $18,968 $13,337 $5,631
2020 $1,273 $17,971 $12,636 $5,335
2019 $1,207 $16,970 $11,932 $5,038
2018 $1,165 $16,239 $11,418 $4,821
2017 $1,145 $15,920 $11,194 $4,726
2016 $1,119 $15,397 $10,826 $4,571
2015 $939 $15,000 $10,547 $4,453
2014 $939 $12,992 $10,547 $2,445
2013 $939 $13,895 $11,280 $2,615
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11880091

Midwest Real Estate Data (MRED)

APN: 02-24-04-104-073