NOT LISTED FOR SALE

7421 Prescott Ln Gurnee, IL 60031

Estimated Value: $574,335 - $634,000

4 Beds
2.5 Baths
4,008 Sq Ft
$152/Sq Ft Est. Value

Last Sold August 31, 2021

Last sale price $420,000 $105 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $4,441/month

13 Days on Market

Highlights

  • Landscaped Professionally
  • Property is near a park
  • Wood Flooring
  • Woodland Elementary School Rated A-
  • Vaulted Ceiling
  • Home Office

About This Home

As of August 2021

This maple model 4BR (1 LOFT) house has been recently upgraded with new hardwood floors all around, paint and much more. Soaring foyer welcomes this model with living and dinging in right hand size and office on the left. It opens to gourmet kitchen with two story family room with well molded fire place. New air conditioning and water heater. New roof in 2018. Furnace and A/C are 3 years old. Great cul-de-sac location.

Last Agent to Sell the Property

Muhammad Saleem

RE/MAX SAWA License #471019680 Listed on: 06/17/2021

Last Buyer's Agent

Harris Ali

Sky High Real Estate Inc. License #475126604

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,258

Year Built

  • Built in 2000

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 84x124x108x127
  • Cul-De-Sac
  • Landscaped Professionally
  • Paved or Partially Paved Lot

HOA Fees

  • $24 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Tandem Garage
  • Garage Door Opener
  • Driveway
  • Parking Included in Price

Home Design

  • Asphalt Roof

Interior Spaces

  • 4,008 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Fireplace With Gas Starter
  • Attached Fireplace Door
  • Family Room with Fireplace
  • Living Room
  • Formal Dining Room
  • Home Office
  • Storage Room
  • Dormer Attic

Kitchen

  • Double Oven
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • Walk-In Closet
  • Dual Sinks
  • Soaking Tub
  • Separate Shower

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer
  • Sink Near Laundry

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Home Security

  • Storm Screens
  • Carbon Monoxide Detectors

Schools

  • Woodland Elementary School
  • Woodland Middle School
  • Warren Township High School

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Patio
  • Property is near a park

Community Details

  • Timberwoods Association
  • Timberwoods Subdivision
  • Property managed by Timberwoods

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,258

Year Built

Built in 2000

Lot Details

0

HOA Fees

$24 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple w/ HO Assn.
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Subdivision Name: Timberwoods
  • Year Built: 2000
  • Age: 21-25 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
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Double Oven, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s)
  • Basement: Full
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Attached Fireplace Doors/Screen, Gas Starter
  • Fireplaces: 1
  • Interior Amenities: Vaulted/Cathedral Ceilings, Hardwood Floors, First Floor Laundry, Walk-In Closet(s)
  • LivingArea: 4008
  • Other Equipment: Humidifier, CO Detectors, Ceiling Fan(s), Sump Pump
  • Room Type: Storage, Office
  • Estimated Total Finished Sq Ft: 4008
  • Basement Description: Partially Finished
  • Bathroom Amenities: Separate Shower,Double Sink,Soaking Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 4008
  • Basement Sq Ft: 1965
  • Fireplace Location: Family Room
  • Total Sq Ft: 5973
  • Attic: Dormer
  • Main Level Sq Ft: 4008
  • Flooring: Carpet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • ExteriorFeatures: Patio, Storms/Screens
  • List Price: 429000
  • Lot Features: Cul-De-Sac, Landscaped
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Brick

Garage/Parking

  • Garage Spaces: 3
  • Number of Cars: 3
  • Driveway: Asphalt
  • Garage Details: Garage Door Opener(s),Tandem
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Laundry Features: Sink
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Association Fee: 285
  • Association Fee Frequency: Annually
  • Community Features: Park, Curbs, Sidewalks, Street Lights, Street Paved
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Timberwoods
  • Management Contact Name: Timberwoods
  • Management Phone: 000-000-0000
  • ResoAssociationFeeFrequency: Annually

Fee Information

  • Association Fee Includes: Other

Schools

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

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.28
  • Lot Dimensions: 84X124X108X127
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 12257.72
  • Tax Year: 2020
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2021
Closed on
Aug 24, 2021
Sold by
Dobrescu Carmen
Bought by
Siddiqui Mohammed A and Siddiqui Nusarath B
Seller's Agent
Muhammad Saleem
RE/MAX SAWA
Buyer's Agent
Harris Ali
Sky High Real Estate Inc.
List Price
$429,000
Sold Price
$420,000
Premium/Discount to List
-$9,000
-2.1%
Current Estimated Value
$608,584

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$188,584
Avg. Annual Appreciation
9.49%
Original Mortgage
$386,141
Interest Rate
2.8%
Mortgage Type
FHA

Purchase Details

Listed on
Jan 14, 2016
Closed on
May 3, 2016
Sold by
Diedrichs Bernadine
Bought by
Dobrescu Carmen
Seller's Agent
Corey Barker
Keller Williams North Shore West
Buyer's Agent
Muhammad Saleem
RE/MAX Top Performers
List Price
$409,000
Sold Price
$375,000
Premium/Discount to List
-$34,000
-8.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.15%
Original Mortgage
$300,000
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 11, 2002
Sold by
Lomeli Javier M and Lomeli Adriana
Bought by
Diedrichs Bernadine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,000
Interest Rate
5.62%

Purchase Details

Closed on
Aug 22, 2000
Sold by
Drh Cambridge Homes Inc
Bought by
Lomeli Javier M and Lomeli Adriana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,000
Interest Rate
11.12%
Source: Public Records

Range of Values:

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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
Siddiqui Mohammed A $420,000 Proper Title Llc
Dobrescu Carmen $375,000 Attorneys Title Guaranty Fun
Diedrichs Bernadine $370,000 --
Lomeli Javier M $341,500 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Siddiqui Mohammed A $386,141
Previous Owner Dobrescu Carmen $300,000
Previous Owner Diedrichs Bernadine $296,000
Previous Owner Lomeli Javier M $307,000
Closed Diedrichs Bernadine $37,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2021 08/31/21 Sold $420,000 -2.1% $105 / Sq Ft
07/01/2021 07/01/21 Pending -- -- --
06/17/2021 06/17/21 For Sale $429,000 +14.4% $107 / Sq Ft
05/03/2016 05/03/16 Sold $375,000 -6.0% $94 / Sq Ft
03/07/2016 03/07/16 Pending -- -- --
02/25/2016 02/25/16 Price Changed $399,000 -2.4% $100 / Sq Ft
01/14/2016 01/14/16 For Sale $409,000 -- $102 / 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 $14,432 $166,793 $28,155 $138,638
2023 $14,081 $154,854 $26,140 $128,714
2022 $14,081 $150,461 $26,147 $124,314
2021 $12,648 $137,489 $25,098 $112,391
2020 $12,258 $134,109 $24,481 $109,628
2019 $11,378 $130,215 $23,770 $106,445
2018 $11,643 $134,671 $27,924 $106,747
2017 $11,521 $130,812 $27,124 $103,688
2016 $11,437 $135,077 $25,916 $109,161
2015 $12,096 $128,108 $24,579 $103,529
2014 $11,719 $125,163 $24,264 $100,899
2012 $11,099 $126,122 $24,450 $101,672
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11126047

Midwest Real Estate Data (MRED)

APN: 07-19-216-003