NOT LISTED FOR SALE

7501 Burning Tree Dr McHenry, IL 60050

Estimated Value: $564,000 - $606,000

4 Beds
3.5 Baths
2,684 Sq Ft
$217/Sq Ft Est. Value

Last Sold August 23, 2022

Last sale price $510,000 $190 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $3,934/month

3 Days on Market

Highlights

  • 0.93 Acre Lot
  • Landscaped Professionally
  • Deck
  • McHenry Community High School - Upper Campus Rated A-
  • Mature Trees
  • Recreation Room

About This Home

As of August 2022

Be prepared to fall in love the moment you lay eyes on this simply stunning and breathtaking hillside ranch home in the Burning Tree Subdivision!!! This spectacular four bedroom, three and a half bath home is nestled on almost an acre of land with over 4400 square feet of finished living space including the 1700 square feet in the finished walkout lower level!!! Before heading indoors take in the beauty of the professionally landscaped yard resembling a botanical garden, the intricate detail of the circular driveway and the custom brick sidewalk that will lead you into this magnificent home!!! Take a leisurely stroll around the 3-car side apron garage to stairs that will descend you into an oasis of lush green grass, mature trees, and gardens galore! Underground irrigation system keeps this scenic view beautiful throughout the year! Step inside the large foyer that opens into a formal dining room that is accented with wainscoting and crown molding perfect for hosting Sunday dinners. Foyer leads you to the den featuring French doors, perfect for a home office or walk directly into the expansive living room with vaulted ceilings, recessed lighting, and a beautiful floor to ceiling gas log fireplace to keep you warm on the coldest of nights. Large eat in kitchen will delight any culinary chef with its exceptional amounts of beautiful maple cabinets, abundance of granite counters space, SS appliances including a double oven, large walk-in pantry, and an island for that extra needed storage and space!!! Kitchen is open to the large, bayed eating area with tray ceiling and crown molding where scenic views of the gorgeous backyard are unparalleled! Soak up the sun or enjoy dinner on the maintenance free composite upper deck accessible through the kitchen. Escape to the primary bedroom that is nestled away and apart from the other bedrooms. This bedroom boasts hardwood floors, a tray ceiling, crown molding and a large walk-in closet with custom shelves and storage. Bay window is the perfect area to relax with a delightful book or enjoy your morning cup of coffee as you gaze out the window and plan your day! Step into the spa-like private bath featuring double vanities that will make morning routines less hectic. After a long day at work come home and relax in the soaking tub or shower away all your cares in the separate shower enclosure!!! Two more generous sized bedrooms that offer plenty of closet space and share a full hall bath complete with double vanity and separate shower, round out the well-appointed sleeping area of this home. Main floor laundry/mud room is accessed directly from the garage keeping your floors free from mud and snow and has loads of cabinetry, wash sink and plenty of room for nooks and hooks for coats and accessories! Head on downstairs to the finished walk out basement that includes a large family room perfect for movie night or watching the Big Game...there is even enough room for a pool table! Company coming? No need to worry as there is another bedroom, full bathroom, and a guest room with a full-sized closet right outside to accommodate their belongings! Wait...we're not finished yet!!! Walk thru the paned glass door to your second home office, craft room or home-schooling room...you make the call!!! Large recreation room can be set up as a theatre room or makes the perfect dance studio, music room or exercise room...the possibilities are endless! Walk through the sliding glass doors to the covered brick paver patio where you imagine yourself sipping a cool glass of lemonade as you enjoy the flora and fauna. Storage area in basement also has a workshop area for the handyperson of the house and don't think we forgot about the car enthusiast in the house as the heated 3 car garage with epoxy floors and installed industrial cabinets will keep them busy all year round!!! New furnace, water heater and well pressure unit saves you time and money down the road! You will want to make this your next home!!!

Last Agent to Sell the Property

Rick O'Connor

Realty Executives Cornerstone License #471008196 Listed on: 07/15/2022

Realty Executives Cornerstone

Co-Listed By

Larry Lang

Realty Executives Cornerstone License #475115163

Last Buyer's Agent

Bob Panek

CENTURY 21 New Heritage License #475164325

CENTURY 21 New Heritage

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,711

Year Built

  • Built in 2001

Lot Details

  • 0.93 Acre Lot
  • Lot Dimensions are 169x198x20x20x169x226
  • Landscaped Professionally
  • Corner Lot
  • Paved or Partially Paved Lot
  • Irregular Lot
  • Sprinkler System
  • Mature Trees

HOA Fees

  • $17 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage ceiling height seven feet or more
  • Heated Garage
  • Garage Transmitter
  • Garage Door Opener
  • Parking Space is Owned

Home Design

  • Earth Berm
  • Walk-Out Ranch
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,684 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Vaulted Ceiling
  • Ceiling Fan
  • Includes Fireplace Accessories
  • Gas Log Fireplace
  • Entrance Foyer
  • Family Room
  • Living Room with Fireplace
  • Breakfast Room
  • Formal Dining Room
  • Den
  • Recreation Room
  • Bonus Room
  • Sewing Room
  • Storage Room

Kitchen

  • Built-In Oven
  • Range
  • Microwave
  • High End Refrigerator
  • Dishwasher
  • Stainless Steel Appliances

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • Walk-In Closet
  • Bathroom on Main Level
  • Dual Sinks
  • Soaking Tub
  • Separate Shower

Laundry

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

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Sump Pump
  • Finished Basement Bathroom

Home Security

  • Home Security System
  • Storm Screens
  • Carbon Monoxide Detectors

Outdoor Features

  • Deck
  • Brick Porch or Patio

Schools

  • Valley View Elementary School
  • Parkland Middle School
  • Mchenry High School - West Campu

Utilities

  • Forced Air Heating and Cooling System
  • Humidifier
  • Heating System Uses Natural Gas
  • 200+ Amp Service
  • Well
  • Water Softener is Owned
  • Private or Community Septic Tank
  • Cable TV Available

Community Details

  • Burning Tree Subdivision, Talonwaide Walkout Ranch Floorplan
  • Property managed by BURNING TREE HOMEOWNERS ASSOCIATION

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,711

Year Built

Built in 2001

Lot Details

0

HOA Fees

$17 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story,Hillside
  • Ownership: Fee Simple w/ HO Assn.
  • ArchitecturalStyle: Walk-Out Ranch
  • New Construction: No
  • Property Sub-Type: 1 Story,Hillside
  • Subdivision Name: Burning Tree
  • Year Built: 2001
  • Age: 21-25 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, High End Refrigerator, Washer, Dryer, Stainless Steel Appliance(s), Built-In Oven, Water Softener Owned
  • Basement: Full, Walkout
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4
  • Total Bedrooms: 4
  • Below Grade Finished Sq Ft: 1730
  • Fireplace Features: Gas Log, Gas Starter, Includes Accessories
  • Fireplaces: 1
  • Interior Amenities: Vaulted/Cathedral Ceilings, Hardwood Floors, First Floor Bedroom, First Floor Laundry, First Floor Full Bath, Built-in Features, Walk-In Closet(s)
  • LivingArea: 2684
  • Other Equipment: Humidifier, Water-Softener Owned, TV-Cable, Security System, CO Detectors, Ceiling Fan(s), Sump Pump, Sprinkler-Lawn
  • Room Type: Breakfast Room, Foyer, Deck, Storage, Sewing Room, Recreation Room, Den, Bonus Room, Walk In Closet
  • Estimated Total Finished Sq Ft: 4414
  • Basement Description: Finished,Exterior Access
  • Bathroom Amenities: Separate Shower,Double Sink,Soaking Tub
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 2684
  • Basement Sq Ft: 2589
  • Fireplace Location: Living Room
  • Total Sq Ft: 5273
  • Unfinished Basement Sq Ft: 859
  • Attic: Full,Pull Down Stair
  • Main Level Sq Ft: 2684
  • ResoLivingAreaSource: Assessor

Exterior Features

  • ExteriorFeatures: Deck, Patio, Brick Paver Patio, Storms/Screens
  • Foundation Details: Concrete Perimeter
  • List Price: 499999
  • Lot Features: Corner Lot, Irregular Lot, Landscaped, Mature Trees
  • OtherStructures: None
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Stone,Concrete,Clad Trim

Garage/Parking

  • Garage Spaces: 3
  • Number of Cars: 3
  • Driveway: Asphalt,Brick,Circular
  • Garage Details: Garage Door Opener(s),Transmitter(s),Heated,7 Foot or more high garage door
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Septic-Private
  • Cooling: Central Air
  • Electric: Circuit Breakers, 200+ Amp Service
  • Heating: Natural Gas, Forced Air
  • Laundry Features: Gas Dryer Hookup, Sink
  • Water Source: Private Well

Condo/Co-op/Association

  • Association Fee: 200
  • Association Fee Frequency: Annually
  • Community Features: Street Lights, Street Paved
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: BURNING TREE HOMEOWNERS ASSOCIATION
  • Management Contact Name: TBD
  • Management Phone: 000-000-0000X000
  • ResoAssociationFeeFrequency: Annually

Fee Information

  • Association Fee Includes: Other

Schools

  • Elementary School: Valley View Elementary School
  • High School: Mchenry High School - West Campu
  • Middle/Junior School: Parkland Middle School
  • Middle/Junior School District: 15

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.93
  • Lot Dimensions: 169X198X20X20X169X226
  • Lot Size: .50-.99 Acre
  • Special Assessments: N
  • Zero Lot Line: No

Rental Info

  • Board Number: 3

Tax Info

  • Tax Annual Amount: 11711.02
  • Tax Year: 2021
  • Tax Exemptions: Homeowner,Senior

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2022
Closed on
Aug 23, 2022
Sold by
Donald R Teegen Trust
Bought by
Nkamanyang Tipisweng and Nkamanyang Rita
Seller's Agent
Rick O'Connor
Realty Executives Cornerstone
Buyer's Agent
Bob Panek
CENTURY 21 New Heritage
List Price
$499,999
Sold Price
$510,000
Premium/Discount to List
$10,001
2%
Total Days on Market
3
Views
17
Current Estimated Value
$581,285

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,285
Avg. Annual Appreciation
4.82%
Original Mortgage
$500,000
Outstanding Balance
$478,398
Interest Rate
4.5%
Mortgage Type
VA
Estimated Equity
$102,887

Purchase Details

Listed on
Apr 29, 2019
Closed on
Jun 25, 2019
Sold by
Reenan Richard D and Reenan Karen F
Bought by
Teegen Donald R and Donald R Teegen Trust
Seller's Agent
Sue Perdue
Baird & Warner
Buyer's Agent
Jim Starwalt
Better Homes and Garden Real Estate Star Homes
List Price
$399,000
Sold Price
$385,000
Premium/Discount to List
-$14,000
-3.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.31%
Original Mortgage
$308,000
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 17, 2014
Sold by
Reenan Richard D and Reenan Karen F
Bought by
Reenan Revocable Living Trust

Purchase Details

Closed on
Sep 26, 2011
Sold by
Reenan Karen F and Reenan Richard D
Bought by
Reenan Richard D and Reenan Karen F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 15, 2003
Sold by
Lanco Development Co
Bought by
Mcnalley Karen F and Reenan Richard D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
5.81%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 14, 2001
Sold by
Continental Community Bank & Trust Co
Bought by
Lanco Development Company

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$609,000
Interest Rate
7.28%
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
Nkamanyang Tipisweng $510,000 --
Teegen Donald R $385,000 Baird & Warner Ttl Svcs Inc
Reenan Revocable Living Trust -- None Available
Reenan Richard D -- Carrington Title Partners Ll
Mcnalley Karen F $429,000 Chicago Title Insurance Co
Lanco Development Company -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nkamanyang Tipisweng $500,000
Previous Owner Teegen Donald R $119,000
Previous Owner Teegen Donald R $308,000
Previous Owner Reenan Richard D $215,000
Previous Owner Reenan Richard D $273,500
Previous Owner Reenan Richard D $273,000
Previous Owner Reenan Richard D $100,000
Previous Owner Mcnalley Karen F $230,000
Previous Owner Lanco Development Company $609,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2022 08/23/22 Sold $510,000 +2.0% $190 / Sq Ft
07/19/2022 07/19/22 Pending -- -- --
07/15/2022 07/15/22 For Sale $499,999 +29.9% $186 / Sq Ft
06/28/2019 06/28/19 Sold $385,000 -3.5% $97 / Sq Ft
05/22/2019 05/22/19 Pending -- -- --
05/14/2019 05/14/19 For Sale $399,000 0.0% $100 / Sq Ft
05/06/2019 05/06/19 Pending -- -- --
04/29/2019 04/29/19 For Sale $399,000 -- $100 / 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 $7,843 $151,277 $11,431 $139,846
2022 $7,843 $140,344 $23,481 $116,863
2021 $11,711 $130,698 $21,867 $108,831
2020 $11,314 $125,249 $20,955 $104,294
2019 $11,130 $118,933 $19,898 $99,035
2018 $12,604 $120,981 $20,241 $100,740
2017 $12,105 $113,544 $18,997 $94,547
2016 $11,697 $106,116 $17,754 $88,362
2013 -- $104,476 $17,480 $86,996
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11465257

Midwest Real Estate Data (MRED)

APN: 09-31-202-002