NOT LISTED FOR SALE

7319 Colony Ln Unit 3B Frankfort, IL 60423

Prestwick Neighborhood

Estimated Value: $316,359 - $335,000

3 Beds
2 Baths
1,900 Sq Ft
$341/mo HOA Fee

Last Sold October 26, 2020

Last sale price $265,000 $139 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $2,648/month

7 Days on Market

Highlights

  • On Golf Course
  • Open Floorplan
  • Mature Trees
  • Chelsea Intermediate School Rated A
  • Landscaped Professionally
  • Deck

About This Home

As of October 2020

Welcome to your New Luxurious 3 bedroom, 2 bath Penthouse on Frankfort's Private Prestwick Golf Course! Immaculately designed and renovated, this condo offers a stunning kitchen with an abundance of soft close cabinetry, quartz countertops, large island w/ bfast bar, under cabinet lighting, brand new stainless steel appliances, vented hood, and plenty of room to entertain. Hardwood floors and crown molding throughout Kitchen and Living Room, which is flooded in natural light as windows span the south wall and lead out onto your private rooftop deck overlooking the 15th green. The Master Suite is huge with a bathroom to match, and closet space galore. Third bedroom has flexibility for office/den/media/toy room. In-unit full size washer, dryer. Elevator in building and underground heated parking with storage unit. This unit is upscale and upgraded in every way!

Last Agent to Sell the Property

Lindsay Lohrens

Landen Home Realty, LLC License #475162656 Listed on: 10/02/2020

Last Buyer's Agent

Cheryl Mallard

Redfin Corporation License #475151181

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,965

Year Built | Renovated

  • 1972 | 2020

Lot Details

  • On Golf Course
  • End Unit
  • Landscaped Professionally
  • Mature Trees

HOA Fees

  • $341 per month

Parking

  • Attached Garage
  • Heated Garage
  • Driveway
  • Parking Included in Price

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Open Floorplan
  • Dining Area
  • Storage

Flooring

  • Wood
  • Partially Carpeted

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Walk-In Closet
  • Bathroom on Main Level
  • Dual Sinks

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Accessible Home Design

  • Halls are 42 inches wide

Outdoor Features

  • Balcony
  • Deck

Utilities

  • Central Air
  • Heating Available

Community Details

Amenities

  • Lobby

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,965

Year Built | Renovated

1972 | 2020

Lot Details

0

HOA Fees

$341 per month

Parking

1

Listing Details

  • Property Type: Attached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service, Interstate Access
  • Recent Rehab: Yes
  • Unit Floor Level: 3
  • Age: 41-50 Years
  • Full Bathrooms: 2
  • Ownership: Condo
  • Rehab Year: 2020
  • Total Full or Half Bathrooms: 2
  • Estimated Year Built: 1972
  • Type Attached: Condo, Low Rise (1-3 Stories), Penthouse
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3
  • Year Built: 1972
  • Year Renovated: 2020

Interior Features

  • Interior Property Features: Elevator, Hardwood Floors, 1st Floor Bedroom, 1st Floor Laundry, 1st Floor Full Bath, Laundry Hook-Up in Unit, Storage, Walk-In Closet(s), Open Floorplan, Some Carpeting, 42 Inch Hallways, Some Wood Floors, Lobby
  • Number Of Rooms: 6
  • Living Room: Dimensions: 16X16, On Level: Main Level, Flooring: Hardwood
  • Bedrooms All Levels: 3
  • Bathroom Amenities: Double Sink
  • Above Grade Bedrooms: 3
  • Laundry: Dimensions: 6X6, On Level: Main Level, Flooring: Ceramic Tile
  • Kitchen Type: Dimensions: 16X10, On Level: Main Level, Flooring: Hardwood
  • Additional Rooms: Eating Area, Balcony
  • Master Bedroom: Dimensions: 17X15, On Level: Main Level, Flooring: Carpet
  • Additional Room 1 Name: Eating Area, Dimensions: 17X15, On Level: Main Level, Flooring: Hardwood
  • Additional Room 2 Name: Balcony, Dimensions: 16X12, On Level: Main Level
  • Bedroom 2: Dimensions: 17X12, On Level: Main Level, Flooring: Carpet
  • Bedroom 3: Dimensions: 12X12, On Level: Main Level, Flooring: Hardwood
  • Estimated Sq Ft: 1900

Exterior Features

  • Exterior Building Type: Brick
  • Exterior Property Features: Deck, End Unit

Garage/Parking

  • Number of Cars: 1
  • Parking: Garage
  • Garage Type: Attached
  • Garage Details: Heated
  • Garage On Site: Yes
  • Number Garage Spaces: 1
  • Driveway: Asphalt
  • Parking Included In Price: Yes

Utilities

  • Air Conditioner: Central Air
  • Water: Public
  • Sewer: Sewer-Public
  • Heating Fuel: Electric

Condo/Co-op/Association

  • Max Pet Weight: 25
  • Pets Allowed: Yes
  • Fee Frequency: Monthly
  • Pet Information: Pet Weight Limitation
  • Common Area Amenities: Elevator, Storage, Sundeck
  • Assessment Includes: Water, Parking, Common Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
  • Assessed Sq Ft: 1900
  • Assessment Association Fees: 341
  • Management Contact Name: Lois Barz
  • Management Phone: 815-469-5300

Fee Information

  • Management Company: Prestwick Management

Schools

  • School District: 210
  • Elementary School: Grand Prairie Elementary School
  • Middle School: Hickory Creek Middle School
  • High School: Lincoln-Way East High School
  • Junior High Dist: 157C
  • Elementary School #2: Chelsea Elementary School

Lot Info

  • Lot Dimensions: COMMON
  • Lot Description: Golf Course Lot, Landscaped Professionally, Mature Trees, Streetlights
  • Parcel Identification Number: 1909252040180000

Multi Family

  • Total Number Unitsin Building: 18
  • Number Stories: 3

Tax Info

  • Taxes: 4984.44

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 30, 2025
Sold by
Joyce Janice
Bought by
Geers Brennan and Cosgrove Patrick R
Total Days on Market
7
Current Estimated Value
$325,340

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Outstanding Balance
$154,969
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$168,591

Purchase Details

Listed on
Oct 2, 2020
Closed on
Oct 21, 2020
Sold by
Lohrens Justin C and Lohrens Jeremy
Bought by
Joyce Janice
Seller's Agent
Lindsay Lohrens
Landen Home Realty, LLC
Buyer's Agent
Cheryl Mallard
Redfin Corporation
List Price
$275,000
Sold Price
$265,000
Premium/Discount to List
-$10,000
-3.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.45%

Purchase Details

Listed on
Apr 12, 2019
Closed on
Nov 15, 2019
Sold by
Formentini Serafino
Bought by
Lohrens Justin C and Lohrens Jeremy
Seller's Agent
Rita Starkey
Baird & Warner
Buyer's Agent
Lindsay Lohrens
Landen Home Realty, LLC
List Price
$197,000
Sold Price
$165,200
Premium/Discount to List
-$31,800
-16.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
65.32%
Original Mortgage
$123,900
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 17, 2007
Sold by
Coghlan Martin D
Bought by
Formentini Serafino and Formentini Carol

Purchase Details

Closed on
Oct 24, 1994
Sold by
Beverly Trust Company
Bought by
Coghlan Martin D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
8.75%
Mortgage Type
Purchase Money Mortgage
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 Buyer Sale Price Title Company
Geers Brennan $320,000 Old Republic Title
Joyce Janice $265,000 Fidelity National Title
Lohrens Justin C $165,200 Fidelity National Title
Formentini Serafino $218,000 First American Title Co
Coghlan Martin D $150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Geers Brennan $156,000
Previous Owner Lohrens Justin C $123,900
Previous Owner Coghlan Martin D $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/26/2020 10/26/20 Sold $265,000 -3.6% $139 / Sq Ft
10/09/2020 10/09/20 Pending -- -- --
10/02/2020 10/02/20 For Sale $275,000 +66.5% $145 / Sq Ft
11/18/2019 11/18/19 Sold $165,200 -10.7% $87 / Sq Ft
09/03/2019 09/03/19 Pending -- -- --
08/16/2019 08/16/19 Price Changed $185,000 -1.1% $97 / Sq Ft
06/12/2019 06/12/19 Price Changed $187,000 -5.1% $98 / Sq Ft
04/12/2019 04/12/19 For Sale $197,000 -- $104 / 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
2023 $6,965 $85,651 $697 $84,954
2022 $6,112 $78,014 $635 $77,379
2021 $5,749 $72,985 $594 $72,391
2020 $5,169 $70,928 $577 $70,351
2019 $4,984 $69,030 $562 $68,468
2018 $4,943 $67,806 $546 $67,260
2017 $4,923 $66,223 $533 $65,690
2016 $4,783 $63,953 $515 $63,438
2015 $4,634 $61,701 $497 $61,204
2014 $4,634 $61,273 $494 $60,779
2013 $4,634 $67,661 $2,843 $64,818
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10890630

Midwest Real Estate Data (MRED)

APN: 09-25-204-018