88 Fossil Cove Ln Wilmington, IL 60481
Estimated Value: $127,902 - $132,000
1
Bed
1
Bath
500
Sq Ft
$260/Sq Ft
Est. Value
Highlights
- Water Views
- Gated Community
- Property fronts a channel
- Boat Dock
- Open Floorplan
- Community Lake
About This Home
As of April 2024This move in ready park model is ready for new owners. Turn key, they are leaving all that you see (Furniture to dishes, to grill, to boat). This one bedroom unit, could easily be 2 bedrooms using the divider in the living room. Built in tv area and storage as well. 2 new pull out couches allows you to sleeping room for your friends and family for those weekend get aways. Loft up above for living space or storage. This home sits on the lot off to the side, giving you a much larger side yard and parking area. Shed is spacious and clean. Pontoon boat and golf carts to stay with the home. Roof in 2019 with 30 year shingles. This home is priced to sell. This is a private gated community. We have miles of fresh water channels, lakes, and marshes all interconnecting. This is the place to fish, swim, or boat, where it can reach 42 feet deep in some areas. (BIG FISH POSSIBILITIES!) Wildlife is abundant as well. This association includes a club house, community pool, a separate sand beach, pavilion, dog park, volleyball and basketball area (other games as well). They offer plenty of family and group activities. Other important notes: Close to I55 & only 60 Mins. from Chicago. Only Electric Boats & Golf Carts allowed. Association Dues are on a tiered basis and depend on the time you spend at the property- . Dues include water, sewer and garbage. Buyer / Buyer's agent to call Shadow Lakes to verify all rules / info. Lot size and square footage is estimated.
Last Agent to Sell the Property
Hexagon Real Estate License #471011113 Listed on: 01/30/2024
Last Buyer's Agent
Matthew Sebby
RE/MAX Ultimate Professionals License #475180476
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $891
Year Built
- Built in 1995
Lot Details
- Lot Dimensions are 10x58x90x70x73
- Property fronts a channel
- Paved or Partially Paved Lot
HOA Fees
- $81 Monthly HOA Fees
Home Design
- Vinyl Siding
Interior Spaces
- 500 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Built-In Features
- Vaulted Ceiling
- Combination Kitchen and Dining Room
- Loft
- Water Views
Kitchen
- Range
- Microwave
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Potential Bedroom
- Bathroom on Main Level
- 1 Full Bathroom
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
- Off-Street Parking
Outdoor Features
- Tideland Water Rights
- Docks
- Spring on Lot
- Deck
- Shed
Location
- Property is near a park
Utilities
- Central Air
- Heating System Uses Propane
Community Details
Overview
- Association fees include water, security, clubhouse, pool, scavenger, lake rights
- Shadow Lakes Association, Phone Number (815) 458-3647
- Property managed by Shadow Lakes
- Community Lake
Recreation
- Boat Dock
- Community Pool
Additional Features
- Clubhouse
- Gated Community
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 30, 2024
Closed on
Mar 26, 2024
Sold by
Wegner John V and Wegner Molly F
Bought by
Lorenzo Michael J
Seller's Agent
Diane Brannock
Hexagon Real Estate
Buyer's Agent
Matthew Sebby
RE/MAX Ultimate Professionals
List Price
$129,000
Sold Price
$124,000
Premium/Discount to List
-$5,000
-3.88%
Total Days on Market
30
Views
102
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,976
Avg. Annual Appreciation
1.11%
Original Mortgage
$85,750
Outstanding Balance
$80,135
Interest Rate
8.75%
Mortgage Type
Credit Line Revolving
Estimated Equity
$45,590
Purchase Details
Closed on
Mar 3, 2003
Sold by
Lasalle Bank Na
Bought by
Donovan Jack
Similar Homes in Wilmington, IL
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lorenzo Michael J | $124,000 | Fidelity National Title Insura | |
| Donovan Jack | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Lorenzo Michael J | $85,750 | |
| Previous Owner | Wegner John | $57,600 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/02/2024 04/02/24 | Sold | $124,000 | -3.9% | $248 / Sq Ft |
| 03/01/2024 03/01/24 | Pending | -- | -- | -- |
| 01/30/2024 01/30/24 | For Sale | $129,000 | -- | $258 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $1,060 | $13,929 | $13,475 | $454 |
| 2022 | $984 | $12,640 | $12,228 | $412 |
| 2021 | $866 | $12,064 | $11,671 | $393 |
| 2020 | $813 | $11,429 | $11,057 | $372 |
| 2019 | $771 | $10,792 | $10,441 | $351 |
| 2018 | $744 | $10,327 | $9,991 | $336 |
| 2017 | $732 | $10,124 | $9,795 | $329 |
| 2016 | $715 | $9,791 | $9,473 | $318 |
| 2015 | -- | $9,538 | $9,228 | $310 |
| 2014 | -- | $9,538 | $9,228 | $310 |
| 2013 | -- | $10,201 | $9,869 | $332 |
Source: Public Records
Agents Affiliated with this Home
-
Diane Brannock
Seller's Agent in 2024
Diane Brannock
Hexagon Real Estate
(815) 735-0402
82 in this area
112 Total Sales
-
Buyer's Agent in 2024
Matthew Sebby
RE/MAX
(815) 405-5514
2 in this area
51 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11970102
APN: 24-04-105-010
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