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Algonquin 60102
1721 Fernwood Lane
$423,000 - $517,000
House - In Contract

1721 Fernwood Lane

Algonquin, IL 60102
bedrooms
5 Beds
bathrooms
4.5 Baths, 1 Half Bath
square feet
5776 Sqft
Sold Feb 01, 2022
$450,000
$427,500 by Fairway Independent Mortgage C
Mortgage Due Jan 01, 2052
Sold Nov 02, 2021
$430,000
$408,500 by United Wholesale Mortgage
Mortgage Due Nov 01, 2051

About This Property

No home sale contingencies. Welcome to a breathtaking oasis of luxury living! This extraordinary 6-bedroom, 4.5-bathroom masterpiece spans over 5900 sq ft of pure opulence. As you step through the entrance, prepare to be captivated by the grandeur of the open floor plan, accentuated by a dramatic staircase and a two-story sunny foyer, bathed in natural light. The first floor is a showcase of elegance, featuring a spacious living and dining area adorned with gleaming hardwood floors. The heart of this home is undoubtedly the expansive kitchen, boasting 42-inch custom cabinets, dual islands, stainless steel appliances including a cooktop and double oven, cabinets crowned with molding, and a ceramic backsplash that exudes sophistication. A haven of tranquility awaits on the first floor with the master bedroom, complete with a private bath featuring a whirlpool tub, separate shower, and a generous walk-in closet. Upstairs, discover four additional spacious bedrooms, a loft, and a hall bath, offering ample space for family and guests. The lower level is a true entertainer's paradise, with a fully finished basement that includes a bedroom, office, kitchenette/wet bar area, a sprawling rec room, and a sauna for the ultimate relaxation experience. A full bath adds convenience, making this space ideal for in-law living. Additionally, a storage room provides practicality for your organizational needs. Indulge in the luxury of a three-car garage, ensuring your vehicles are housed in style. Step outside onto the spacious paver patio, where a fire pit beckons for cozy evenings, and a playground invites playfulness. The serene pond completes the picturesque scene, creating a perfect backdrop for those warm summer days. This home is not only aesthetically pleasing but also meticulously maintained. The sump pump, replaced with an iron one just a year ago, ensures a dry and secure basement. The basement renovation in 2023 showcases modern design, while the brand-new sauna adds a touch of indulgence. The roof, replaced five years ago, guarantees durability and longevity. Elegance, comfort, and functionality seamlessly converge in this luxury residence, offering a lifestyle of unparalleled grandeur. Welcome to your dream home, where every detail has been carefully curated to create a haven of timeless sophistication. This is a short sale, selling As Is and subject to final bank approval.

The manager has listed the unit size as 5776 square feet.
Unit Size
5,776Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$81
Property Type
House
Property Taxes
$912
HOA Dues
$250
Year Built
1997

Price History

Date / Event Date Event Price
Mar 13, 2024 In contract -
In contract
Mar 7, 2024 Price Decreased $470,000
↓ $5K (1.1%)
Price Decreased
Mar 2, 2024 Price Decreased $475,000
↓ $15K (3.1%)
Price Decreased
Mar 1, 2024 Price Decreased $490,000
↓ $5K (1%)
Price Decreased
Feb 25, 2024 Price Decreased $495,000
↓ $4K (0.8%)
Price Decreased
Show More

Property Highlights

Fireplace
Air Conditioning
Interior Details

Fireplace Information

Fireplace
Exterior Details

Exterior Information

Vinyl Siding

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 6
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 2,013
  • Garage Type: Attached
  • Garage Square Area: 570
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 13,124
  • Total Building Area: 5,969
  • Gross Building Area: 5,969
  • Building Area: 3,386
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 3,386
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WILLOUGHBY FARMS
  • Land Acres: 0.301
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 268 WILLOUGHBY FARMS UNIT 11

Ownership

  • Current Owner : KLEMMER JOEL
  • Previous Owner : PUTHETHU ANSON B
  • Owner Before Previous Owner: LE NAMDIEN
  • Owner Before Previous Owner 2: NGUYEN CHAU
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Community Unit School District 300
  • Census Tract: 850105

Geography

  • Parcel: 03-05-253-010
  • Lot: 268
  • Municipality: DUNDEE
  • Latitude: 42.1509
  • Longitude: -88.3217

    Address

  • Full Address: 1721 Fernwood Ln
  • Legal Unit: 11
  • Address - House Number: 1721
  • Address - Street Name: Fernwood
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Algonquin
  • Carrier Code: C014
  • 4-Digit Zip Code: 3283
  • Zip Code: 60102

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $10,944
  • Tax Rate Code Area: DU023

    Appraisal Valuation

  • Standard Deviation: 0.0879
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 92
  • Final Value: 513,177
  • High Value: 558,323
  • Low Value: 468,031

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $427,500
  • First Open Lien Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Open Lien Mortgage Recording Date: Feb 01, 2022
  • First Open Lien Mortgage Loan Amount: $427,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2052

    Market Valuation

  • Market Total Value: $416,711
  • Market Land Value: $65,363
  • Market Improvement Value: $351,348

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $138,848
  • Assessed Land Value: $21,779
  • Assessed Improvements Value: $117,069

    Sales

  • Current Sale Contract Date: Dec 28, 2021
  • Current Sale Recording Date: Feb 01, 2022
  • Current Sale Transaction ID: 11879125618
  • Current Sale Price: $450,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 6287
  • Previous Sale Recording Date: Nov 02, 2021
  • Previous Sale Contract Date: Nov 02, 2021
  • Previous Sale Amount: $430,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Mortgage Transaction Date: Feb 01, 2022
  • First Mortgage Loan Amount: $427,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: UNITED WHOLESALE MORTGAGE
  • Previous Mortgage Transaction Date: Nov 02, 2021
  • Previous Mortgage Loan Amount: $408,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Nov 01, 2051

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Algonquin


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Frequently Asked Questions

When was property at 1721 Fernwood Lane built and last sold?
The property at 1721 Fernwood Lane was built in 1997 and last sold on Dec 28, 2021 for $450,000.
How much is this home worth?
The estimated value of the home located at 1721 Fernwood Lane is $497,853.
What are some comparable homes to 1721 Fernwood Lane?
There are currently no comparable homes to 1721 Fernwood Lane.

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