NOT LISTED FOR SALE

7547 Cascade Way Gurnee, IL 60031

Estimated Value: $585,000 - $653,000

5 Beds
3 Baths
2,999 Sq Ft
$205/Sq Ft Est. Value

Last Sold June 25, 2021

Last sale price $500,000 $167 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $4,534/month

4 Days on Market

Highlights

  • Recreation Room
  • Vaulted Ceiling
  • Formal Dining Room
  • Woodland Elementary School Rated A-
  • Wood Flooring
  • 4-minute walk to Timberwoods Park

About This Home

As of June 2021

This BEAUTY in Kingsport Woods, in the HEART of Gurnee, is an absolute MUST SEE! This 5 bedroom 3 bath + basement and 3 car garage STUNNER is FULL of incredible features and finishes that will leave you saying WOW! Enjoy the AMAZING open floor plan complemented by TONS of natural light, gleaming hardwood floors and updates GALORE! BEAUTIFUL Freshly Painted Front Door and Interior Doors! The grand foyer welcomes you into the formal living room and adjacent dining room-just wonderful for hosting your next get together! The PRISTINE updated eat-in kitchen is absolutely magnificent! Featuring luscious 42" Espresso Cabinets, gleaming tile backsplash with a unique herringbone insert, Quartz countertops and stainless steel appliances (including a fabulous farmhouse sink!) this kitchen is an absolute DREAM come true! Large center island is PERFECT for meal prep, entertaining and more! Eat-in area is IDEAL for family meals or your morning cup of coffee! GORGEOUS arches lead you into the TWO STORY family room complete with BREATHTAKING windows, a soaring ceiling and statement fireplace! WOW! Step outside to the EXQUISITE outdoor oasis with an expansive fenced in yard, NEW Trex Deck and lush landscaping! Enjoy the peace and serenity of the quiet neighborhood, while taking in remarkable views of horses frolicking in the nearby green space and stables. Main level bedroom (or office!) and updated full bath is made for teens, family or guests-would make a PERFECT in-law arrangement! Large laundry room is SUPER convenient! ALL bathrooms have been completely remodeled! Head up the refreshed staircase to see four additional bedrooms including an absolutely LUXURIOUS Master Suite! The large Master Suite includes a spacious bedroom, two closets, and is paired beautifully with a BRAND NEW spa-quality en-suite with a richly colored double bowl vanity with quartz countertops and plenty of storage, soaker tub and the most EXQUISITELY tiled walk in shower! WOW! Three generously sized bedrooms and a fully updated bath, with a double bowl vanity, complete the upstairs! Finished basement offers plenty of room for media, recreation, exercise and more! Highly desirable neighborhood in an IDEAL location close to everything that Gurnee has to offer-just minutes away from parks, shops, restaurants and MORE! You're going to LOVE it!

Last Agent to Sell the Property

Lisa Wolf

Keller Williams North Shore West License #471008702 Listed on: 04/23/2021

Keller Williams North Shore West

Last Buyer's Agent

Julie Brown

@properties Christie's International Real Estate License #475125203

@properties Christie's International Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,467

Year Built

  • Built in 1998

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 82 x 139

HOA Fees

  • $30 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • No Garage
  • Driveway
  • Parking Included in Price

Home Design

  • Concrete Perimeter Foundation

Interior Spaces

  • 2,999 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Family Room with Fireplace
  • Formal Dining Room
  • Recreation Room
  • Wood Flooring
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Shed

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

  • Kingsport Woods Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,467

Year Built

Built in 1998

Lot Details

0

HOA Fees

$30 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Subdivision Name: Kingsport Woods
  • Year Built: 1998
  • Age: 21-25 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer
  • Basement: Full
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplaces: 1
  • Interior Amenities: Vaulted/Cathedral Ceilings, Hardwood Floors
  • LivingArea: 2999
  • Room Type: Bedroom 5, Recreation Room
  • Estimated Total Finished Sq Ft: 0
  • Assessed Sq Ft: 3013
  • Basement Description: Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Fireplace Location: Family Room
  • Total Sq Ft: 0

Exterior Features

  • Foundation Details: Concrete Perimeter
  • List Price: 469900
  • OtherStructures: Shed(s)
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding,Vinyl Siding,Stone

Garage/Parking

  • Garage Spaces: 3
  • Number of Cars: 3
  • Driveway: Asphalt
  • Garage Details: None/NA
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 360
  • Association Fee Frequency: Annually
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

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

  • Lot Size Acres: 0.28
  • Lot Dimensions: 82 X 139
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

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

Tax Info

  • Tax Annual Amount: 10467.1
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 23, 2021
Closed on
Jun 21, 2021
Sold by
Arun Arul Jothi S and Rathnam Arun S
Bought by
Kim Ansel and Longfield Joyce M
Seller's Agent
Lisa Wolf
Keller Williams North Shore West
Buyer's Agent
Julie Brown
@properties Christie's International Real Estate
Sold Price
$500,000
Current Estimated Value
$614,183

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$114,183
Avg. Annual Appreciation
5.01%
Original Mortgage
$450,000
Outstanding Balance
$411,128
Interest Rate
2.93%
Mortgage Type
New Conventional
Estimated Equity
$198,238

Purchase Details

Listed on
Dec 31, 2012
Closed on
Jan 11, 2013
Sold by
Federal National Mortgage Association
Bought by
Rathnam Arun S and Rathnam Arun Arul
Seller's Agent
Basilio Jimenez
Baird & Warner
Buyer's Agent
Lisa Wolf
Keller Williams North Shore West
List Price
$314,900
Sold Price
$292,500
Premium/Discount to List
-$22,400
-7.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.65%
Original Mortgage
$272,500
Interest Rate
3.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 19, 2012
Sold by
Kalagis Peter
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Feb 22, 2002
Sold by
Lewis Pamela L
Bought by
Kalagis Peter and Kalagis Janette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,050
Interest Rate
6.87%

Purchase Details

Closed on
Jan 18, 2002
Sold by
Trendle Christopher A
Bought by
Lewis Pamela L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,050
Interest Rate
6.87%

Purchase Details

Closed on
Oct 14, 1998
Sold by
Cole Taylor Bank
Bought by
Trendle Christopher A and Lewis Pamela L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$289,250
Interest Rate
6.75%
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
Kim Ansel $500,000 First American Title
Rathnam Arun S $292,500 Attorneys Title Guaranty Fun
Federal National Mortgage Association -- None Available
Kalagis Peter $333,000 --
Lewis Pamela L -- --
Trendle Christopher A $305,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kim Ansel $450,000
Previous Owner Rathnam Arun S $262,000
Previous Owner Rathnam Arun S $272,500
Previous Owner Kalagis Peter $68,000
Previous Owner Kalagis Peter $42,600
Previous Owner Kalagis Peter $340,800
Previous Owner Kalagis Peter $289,500
Previous Owner Kalagis Peter $283,050
Previous Owner Trendle Christopher A $289,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2021 06/25/21 Sold $500,000 +6.4% $167 / Sq Ft
04/27/2021 04/27/21 Pending -- -- --
04/27/2021 04/27/21 For Sale -- -- --
04/23/2021 04/23/21 For Sale $469,900 +60.6% $157 / Sq Ft
02/28/2013 02/28/13 Sold $292,500 -7.1% $98 / Sq Ft
01/09/2013 01/09/13 Pending -- -- --
12/31/2012 12/31/12 For Sale $314,900 -- $105 / 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 $13,344 $165,870 $30,154 $135,716
2023 $12,310 $143,788 $26,140 $117,648
2022 $12,310 $132,290 $26,147 $106,143
2021 $11,130 $126,982 $25,098 $101,884
2020 $10,773 $123,861 $24,481 $99,380
2019 $10,467 $120,265 $23,770 $96,495
2018 $10,017 $116,714 $32,430 $84,284
2017 $9,911 $113,370 $31,501 $81,869
2016 $9,835 $123,715 $30,098 $93,617
2015 $11,029 $117,332 $28,545 $88,787
2014 $10,891 $116,580 $28,153 $88,427
2012 $10,301 $117,473 $28,369 $89,104
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11052111

Midwest Real Estate Data (MRED)

APN: 07-19-207-002