Seller's Agent in 2023
Pam Jacobs
@ Properties
(847) 612-1576
12 in this area
126 Total Sales
403 Raleigh Place Tower Lakes, IL 60010
Tower Lake NeighborhoodEstimated Value: $505,083
3
Beds
2.5
Baths
2,427
Sq Ft
$208/Sq Ft
Est. Value
Highlights
- Access To Lake
- Open Floorplan
- Mature Trees
- North Barrington Elementary School Rated A
- Landscaped Professionally
- Community Lake
About This Home
As of February 2023This home will surprise you! It is much larger than it appears from the street! This truly is a sprawling ranch located on a large interior lot in sought after Tower Lakes. In Tower Lakes you aren't just buying a home, you are buying a community. Once an eclectic mix of summer cottages for Chicago residents, Tower Lakes is now an idyllic close-knit community with lakes, tennis & volleyball courts located near expansive forest preserves perfect for hiking, biking and cross country skiing. Every day will feel like a vacation! The floorplan is very versatile and is well suited for every day life as well as entertaining a crowd. The newer kitchen and sunroom (both 2004) are large with volume ceilings/skylights and are open to the family room. The kitchen is the ideal place to cook family dinners and huge holiday meals with all stainless appliances including a Kitchen-Aid 5-burner gas range with hood above, dishwasher and newer Samsung stainless refrigerator (2021). The kitchen is not only functional, but also gorgeous with 42" cream cabinets, travertine floors, granite counters, marble backsplash and both the custom center island and buffet/wet bar are made from reclaimed wood from a barn. The sunroom is flooded with natural light through a wall of windows and parties will flow outside to the flagstone patio with pergola overhead with firepit nearby (S'mores anyone?). The living room and garage were added in the 1980s. The fireplace in the family room has an insert and creates a very warm and inviting spot to curl up with a book and a glass of wine with smells of chili simmering on the range wafting throughout the home . The dining room fireplace is decorative and a great place to put candles for romantic dinners. The master retreat with en-suiite bath and his/her closets is the ideal place to relax at the end of the day. This home really feels like a vacation getaway with beautiful hardwood floors throughout the main floor and even some accents of knotty pine. The partially finished basement has stained concrete floor and provides great space to play games, work out, etc. The garage is extra deep and is a great place for a work shop or for bike/kayak storage. Enjoy neighborhood activities - Fall Chili Cookoff; tons of Youth activities; 4th of July celebration with parade; Men's Day; sailing/kayaking; ice skating/fishing; tennis/pickleball, concerts at nearby gazebo...the list goes on and on! Tower Lakes is conveniently located near both Barrington & Fox River Grove Metra stations. Blue Ribbon Barrington schools! Newer furnace (2018) and A/C (2019). Newer LG front load washer/dryer (2016). Newer roof (2018).
Last Listed By
@properties Christie's International Real Estate License #471016085 Listed on: 01/11/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $10,052
Year Built
- Built in 1959 | Remodeled in 2004
Lot Details
- 0.56 Acre Lot
- Lot Dimensions are 200x120
- Landscaped Professionally
- Cave
- Paved or Partially Paved Lot
- Mature Trees
- Additional Parcels
HOA Fees
- $67 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- Garage Transmitter
- Garage Door Opener
- Gravel Driveway
- Parking Included in Price
Home Design
- Ranch Style House
- Asphalt Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2,427 Sq Ft Home
- Open Floorplan
- Wet Bar
- Built-In Features
- Beamed Ceilings
- Vaulted Ceiling
- Ceiling Fan
- Skylights
- Wood Burning Fireplace
- Decorative Fireplace
- Self Contained Fireplace Unit Or Insert
- Attached Fireplace Door
- Drapes & Rods
- Blinds
- Bay Window
- Entrance Foyer
- Family Room with Fireplace
- Living Room
- Dining Room with Fireplace
- 2 Fireplaces
- Formal Dining Room
- Recreation Room
- Workshop
- Sun or Florida Room
- Storage Room
- Wood Flooring
Kitchen
- Gas Oven
- Gas Cooktop
- Range Hood
- Microwave
- Dishwasher
- Stainless Steel Appliances
- Granite Countertops
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Potential Bedrooms
- Walk-In Closet
- Bathroom on Main Level
- Dual Sinks
- Whirlpool Bathtub
- Separate Shower
Laundry
- Laundry Room
- Dryer
- Washer
- Sink Near Laundry
Partially Finished Basement
- Partial Basement
- Walk-Up Access
- Exterior Basement Entry
- Sump Pump
- Recreation or Family Area in Basement
- Crawl Space
- Basement Storage
Home Security
- Storm Screens
- Carbon Monoxide Detectors
Outdoor Features
- Access To Lake
- Tideland Water Rights
- Patio
- Fire Pit
- Pergola
Location
- Property is near a park
Schools
- North Barrington Elementary Scho
- Barrington Middle School-Station
- Barrington High School
Utilities
- Forced Air Heating and Cooling System
- Humidifier
- Heating System Uses Natural Gas
- 200+ Amp Service
- Community Well
- Gas Water Heater
- Water Softener is Owned
- Private or Community Septic Tank
- Cable TV Available
- TV Antenna
Listing and Financial Details
- Homeowner Tax Exemptions
Community Details
Overview
- Association fees include insurance, scavenger, lake rights
- Julie Losinski Dues@Tlia.Org Association
- Tower Lakes Subdivision, Ranch Floorplan
- Property managed by TLIA
- Community Lake
Recreation
- Tennis Courts
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 11, 2023
Closed on
Feb 14, 2023
Sold by
Spiess Randall H and Spiess Heather
Bought by
Morton Sean and Morton Mary Kate
Seller's Agent
Pam Jacobs
@properties Christie's International Real Estate
Buyer's Agent
Lori Rowe
Coldwell Banker Realty
List Price
$464,900
Sold Price
$500,000
Premium/Discount to List
$35,100
7.55%
Total Days on Market
3
Views
5
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
$5,083
Avg. Annual Appreciation
3.21%
Original Mortgage
$375,000
Outstanding Balance
$367,482
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$168,672
Purchase Details
Closed on
Aug 6, 2021
Sold by
Spiess Randall H and Spiess Heather
Bought by
Spiess Randall H and Spiess Heather
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
2.25%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 28, 2009
Sold by
Spiess Randall H and Speiss Katherine E
Bought by
Spiess Randall H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
5.49%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Purchase Details
Closed on
Apr 7, 1995
Sold by
Spiess Randall H and Spiess Kathy E
Bought by
Spiess Randall H and Spiess Katherine E
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Morton Sean | $500,000 | -- | |
| Spiess Randall H | -- | Acquest Title Services Llc | |
| Spiess Randall H | -- | Nat |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Morton Sean | $375,000 | |
| Previous Owner | Spiess Randall H | $260,000 | |
| Previous Owner | Spiess Randall H | $320,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/14/2023 02/14/23 | Sold | $500,000 | +7.6% | $206 / Sq Ft |
| 01/15/2023 01/15/23 | Pending | -- | -- | -- |
| 01/11/2023 01/11/23 | For Sale | $464,900 | -- | $192 / 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 | $9,398 | $158,078 | $21,820 | $136,258 |
| 2022 | $9,398 | $115,868 | $24,685 | $91,183 |
| 2021 | $9,247 | $113,897 | $24,265 | $89,632 |
| 2020 | $9,035 | $113,545 | $24,190 | $89,355 |
| 2019 | $8,716 | $110,549 | $23,552 | $86,997 |
| 2018 | $7,491 | $96,492 | $27,348 | $69,144 |
| 2017 | $7,437 | $94,554 | $26,799 | $67,755 |
| 2016 | $6,664 | $90,987 | $25,788 | $65,199 |
| 2015 | $6,353 | $85,338 | $24,187 | $61,151 |
| 2014 | $8,347 | $106,902 | $20,314 | $86,588 |
| 2012 | $8,094 | $108,740 | $20,663 | $88,077 |
Source: Public Records
Agents Affiliated with this Home
-
Pam Jacobs
-
Lori Rowe
Buyer's Agent in 2023
Lori Rowe
Coldwell Banker Realty
(847) 774-7464
2 in this area
344 Total Sales
Map
Similar Home in the area
Source: Midwest Real Estate Data (MRED)
MLS Number: 11697804
APN: 13-02-405-001
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