NOT LISTED FOR SALE

7315 Salem Rd Unit 2 Wonder Lake, IL 60097

Estimated Value: $179,000 - $190,289

1 Bed
1 Bath
676 Sq Ft
$275/Sq Ft Est. Value

Last Sold July 12, 2021

Last sale price $137,550 $203 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $1,280/month

73 Days on Market

Highlights

  • Ranch Style House
  • Wood Flooring
  • 2 Car Detached Garage
  • McHenry Community High School - Upper Campus Rated A-
  • Fenced Yard
  • 3-minute walk to Kame's Edge

About This Home

As of July 2021

Perfect starter home or investment opportunity! Don't let the size fool you. This home has an open floor plan that includes 1 generous size bedroom, 1 full bath, large eating area, and 338 square feet in the basement currently being used as living space. Plenty of parking space with a huge driveway and oversized 2 car garage! Large fenced backyard perfect for the dogs. Need storage? Huge lean-to/shed attached to garage for your mowers, snow blowers, garden tools etc. Many updates including roof, kitchen floor, kitchen counter tops, kitchen cabinets, appliances and entry doors. All done within the last 10 years. New Denali Aire mini-split heating and A/C system (2020) New gutters with 4" downspouts. (2020) Very solid home but is being sold "AS-IS." DON'T MISS THIS ONE!!

Last Agent to Sell the Property

Erik Mills

HomeSmart Connect LLC License #475189303 Listed on: 03/26/2021

HomeSmart Connect LLC

Last Buyer's Agent

Lori Slowiak

Coldwell Banker Real Estate Group License #475131799

Coldwell Banker Real Estate Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,847

Year Built

  • Built in 1959 | Remodeled in 2010

Lot Details

  • 7,728 Sq Ft Lot
  • Lot Dimensions are 69x112.67x69.23x112.5
  • Fenced Yard
  • Paved or Partially Paved Lot

HOA Fees

Parking

  • 2 Car Detached Garage
  • No Garage
  • Driveway
  • Parking Included in Price

Home Design

  • Ranch Style House
  • Concrete Perimeter Foundation

Interior Spaces

  • 676 Sq Ft Home
  • Wood Flooring
  • Partially Finished Basement
  • Partial Basement
  • Storm Screens

Bedrooms and Bathrooms

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

Laundry

  • Laundry in unit
  • Electric Dryer Hookup

Outdoor Features

  • Tideland Water Rights
  • Patio
  • Shed

Schools

  • Harrison Elementary School

Utilities

  • Cooling Available
  • Heat Pump System
  • 100 Amp Service
  • Well
  • Private or Community Septic Tank

Community Details

  • Association fees include lake rights
  • Indian Ridge Subdivision
  • Property managed by Indian Ridge Improvement Assn.

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,847

Year Built

Built in 1959 | Remodeled in 2010

Lot Details

0

HOA Fees

$11 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple w/ HO Assn.
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Subdivision Name: Indian Ridge
  • Year Built: 1959
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2010
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2010

Interior Features

  • Basement: Partial
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Interior Amenities: Hardwood Floors, 1st Floor Bedroom, 1st Floor Full Bath
  • LivingArea: 676
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 676
  • Basement Description: Partially Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 676
  • Basement Sq Ft: 338
  • Total Sq Ft: 1014
  • Main Level Sq Ft: 676

Exterior Features

  • DirectionFaces: North
  • ExteriorFeatures: Patio, Storms/Screens
  • Foundation Details: Concrete Perimeter
  • List Price: 132000
  • Lot Features: Fenced Yard
  • OtherStructures: Shed(s)
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Wood Siding

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Driveway: Asphalt
  • Garage Details: None/NA
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Septic-Private
  • Cooling: Electric
  • Electric: 100 Amp Service
  • Heating: Electric, Heat Pump
  • Laundry Features: Electric Dryer Hookup, In Unit
  • Water Source: Private Well

Condo/Co-op/Association

  • Association Fee: 97
  • Association Fee Frequency: Annually
  • Community Features: Water Rights, Street Paved
  • Master Association Fee: Yes
  • Master Association Fee Frequency: Yearly
  • Management Company: Indian Ridge Improvement Assn.
  • Management Contact Name: N/A
  • Management Phone: 555-555-5555
  • Master Association Fee: 41

Fee Information

  • Association Fee Includes: Lake Rights

Schools

  • Elementary School: Harrison Elementary School
  • Middle/Junior School: Harrison Elementary School
  • Middle/Junior School District: 36

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.1774
  • Lot Dimensions: 69X112.67X69.23X112.5
  • Lot Size: Less Than .25 Acre
  • Special Assessments: Y

Rental Info

  • Board Number: 3
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 2847.22
  • Tax Year: 2019
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2021
Closed on
Jul 3, 2021
Sold by
Velazquez Nancy
Bought by
Lister Maximillian D and Helbig Emily L
Seller's Agent
Erik Mills
HomeSmart Connect LLC
Buyer's Agent
Lori Slowiak
Coldwell Banker Real Estate Group
List Price
$132,000
Sold Price
$137,550
Premium/Discount to List
$5,550
4.2%
Current Estimated Value
$185,572

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,022
Avg. Annual Appreciation
7.35%
Original Mortgage
$133,424
Outstanding Balance
$121,487
Interest Rate
2.99%
Mortgage Type
New Conventional
Estimated Equity
$64,085

Purchase Details

Closed on
Aug 30, 2010
Sold by
U S Bank National Association
Bought by
Velazquez Nancy

Purchase Details

Closed on
Jun 3, 2010
Sold by
Harper James
Bought by
Us Bank National Association

Purchase Details

Closed on
Mar 3, 2006
Sold by
Harper James M
Bought by
Harper James and Harper Jessica M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,250
Interest Rate
6.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 26, 2003
Sold by
Davis Russell A and Davis Mary Frances
Bought by
Harper James M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,300
Interest Rate
8.6%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 13, 2001
Sold by
First Midwest Bank
Bought by
Davis Russell A and Davis Mary Frances

Purchase Details

Closed on
Nov 16, 1995
Sold by
American National Bk & Tr Co Of Chicago
Bought by
Mchenry State Bank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
7.44%
Source: Public Records

Range of Values:

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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
Lister Maximillian D $138,000 None Listed On Document
Velazquez Nancy $32,500 Premier Title
Us Bank National Association -- Chicago Title
Harper James -- Ticor Title Insurance Compan
Harper James M $97,000 Chicago Title
Davis Russell A $75,000 --
Mchenry State Bank $52,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lister Maximillian D $133,424
Previous Owner Harper James $106,250
Previous Owner Harper James M $87,300
Previous Owner Mchenry State Bank $45,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2021 07/12/21 Sold $137,550 +4.2% $203 / Sq Ft
06/07/2021 06/07/21 Pending -- -- --
03/26/2021 03/26/21 For Sale $132,000 -- $195 / 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 $3,416 $54,650 $9,655 $44,995
2023 $3,277 $48,961 $8,650 $40,311
2022 $3,098 $36,164 $8,025 $28,139
2021 $2,971 $33,678 $7,473 $26,205
2020 $2,885 $32,274 $7,161 $25,113
2019 $2,847 $30,647 $6,800 $23,847
2018 $2,695 $26,598 $5,902 $20,696
2017 $2,656 $24,963 $5,539 $19,424
2016 $2,628 $23,330 $5,177 $18,153
2013 -- $25,573 $5,096 $20,477
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11033464

Midwest Real Estate Data (MRED)

APN: 09-07-252-029