Investors take note....no HOA fees!! Fee simple ownership. 2 story brick townhome with full finished basement. Newer solid floors, large living room, eat-in kitchen with plenty of cabinets and stainless steel appliances. 3 bedrooms upstairs with full bathroom and balcony of master bedroom, private all fenced in backyard and concrete patio. Quiet convenient location close to schools, shops, restaurants and transportation. Low property taxes and Great Vernon Hills schools.
Investors take note....no HOA fees!! Fee simple ownership. 2 story brick with a basement. Current owners were in the middle of renovating. Just about everything has been removed. Hardwood floors, new tub upstairs and that is about it. No cabinets or fixtures or appliances. Start with a blank slate. End unit, nice fenced yard. Low taxes but will be higher with new owner. Great rental income and Vernon Hills schools. Cash only or construction loan.
Public Records
Nov 3, 1993
Sold
$65,000
$56/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$4,574 (+17.0%)
$18,309 + $35,087
$53,396
2024
$3,909 (+1.3%)
$18,309 + $35,087
$53,396
2023
$3,859 (+46.7%)
$15,009 + $28,762
$43,771
2022
$2,631 (+3.5%)
$14,162 + $27,139
$41,301
2021
$2,542 (+1.5%)
$11,756 + $22,528
$34,284
2020
$2,504 (+1.8%)
$11,629 + $22,285
$33,914
2019
$2,460 (+38.8%)
$11,626 + $22,279
$33,905
2018
$1,772 (+2.8%)
$11,282 + $14,893
$26,175
2017
$1,724 (+4.3%)
$11,282 + $14,893
$26,175
2016
$1,652 (+6.7%)
$11,019 + $14,545
$25,564
2015
$1,549 (−4.7%)
$10,552 + $13,928
$24,480
2013
$1,626 (+4.8%)
$10,599 + $6,315
$16,914
2012
$1,552 (+6.9%)
$10,800 + $6,435
$17,235
2011
$1,451 (−40.8%)
$11,004 + $14,710
$25,714
2010
$2,452 (−29.9%)
$16,962 + $14,709
$31,671
2008
$3,496 (+14.7%)
$17,902 + $31,758
$49,660
2007
$3,048
$17,192 + $26,979
$44,171
Tax history for 331 Cherry Valley Rd
Year
Property tax
Land + Additions
Assessment*
2025
$4,574 (+17.0%)
$18,309 + $35,087
$53,396
2024
$3,909 (+1.3%)
$18,309 + $35,087
$53,396
2023
$3,859 (+46.7%)
$15,009 + $28,762
$43,771
2022
$2,631 (+3.5%)
$14,162 + $27,139
$41,301
2021
$2,542 (+1.5%)
$11,756 + $22,528
$34,284
2020
$2,504 (+1.8%)
$11,629 + $22,285
$33,914
2019
$2,460 (+38.8%)
$11,626 + $22,279
$33,905
2018
$1,772 (+2.8%)
$11,282 + $14,893
$26,175
2017
$1,724 (+4.3%)
$11,282 + $14,893
$26,175
2016
$1,652 (+6.7%)
$11,019 + $14,545
$25,564
2015
$1,549 (−4.7%)
$10,552 + $13,928
$24,480
2013
$1,626 (+4.8%)
$10,599 + $6,315
$16,914
2012
$1,552 (+6.9%)
$10,800 + $6,435
$17,235
2011
$1,451 (−40.8%)
$11,004 + $14,710
$25,714
2010
$2,452 (−29.9%)
$16,962 + $14,709
$31,671
2008
$3,496 (+14.7%)
$17,902 + $31,758
$49,660
2007
$3,048
$17,192 + $26,979
$44,171
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
—
Baths
1.5
Stories
2
Lot width
—
Lot depth
—
Lot size
3,200 Sq. Ft.
Year renovated
1962
Sq. Ft.
1,160
Year built
1962
Style
Single Family Residential
County
Lake County
APN
15-08-107-047
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 15, 2026.
R5
Single-Family Residence District
The R-5 Single-Family Residence District is intended to provide for single-family residential development with a full range of urban services in existing developed areas of the village where the permitted uses, lot areas, setbacks and other requirements, are designed to maintain the present character of development.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Single unit
Educational/school
Park & open space
Property details
Parking
Parking Information
# Of Cars: 2
# of Parking (Total): 2
Parking On-Site: Yes
Parking: Space/s
Interior
Bathroom Information
# of Baths (Full): 1
# of Baths (1/2): 1
Bedroom Information
# of Bedrooms: 3
# of Bedrooms Possible: 3
Room Information
Room Type: Bedroom 2
Level: Second
Dimensions: 11 x 10
Room Information
Room Type: Bedroom 3
Level: Second
Dimensions: 10 x 10
Room Information
Room Type: Kitchen
Level: Main
Dimensions: 14 x 13
Room Information
Room Type: Living Room
Level: Main
Dimensions: 15 x 12
Flooring: Hardwood
Room Information
Room Type: Master Bedroom
Level: Second
Dimensions: 13 x 11
Bath: None
Additional Rooms Information
Basement: Full
Basement Description: Unfinished
Interior Features
# of Rooms: 5
Exterior
Building Information
# Of Units in Building: 4
Living Area Source: Assessor
Exterior Building Type: Brick
Age: 51-60 Years
Built Before 1978 (Y/N): Yes
Roof: Asphalt
Property Information
Property Type: Attached Single
Property Type: Townhouse-2 Story
Ownership: Fee Simple
Rebuilt (Y/N): No
Rehab (Y/N): No
General Information: School Bus Service
Parcel Number: 15081070470000
Lot Information
Dimensions: 23 X 159
Financial
Tax Information
Tax Annual Amount: $2,541.60
Tax Year: 2021
Tax Exemptions: Homeowner
Financial Information
Finance Code: Conventional
Special Service Area: N
Utilities
Utility Information
Water Source: Lake Michigan
Sewer: Sewer-Storm
Electric: 100 Amp Service
Location
Community Information
Pets Allowed (Y/N): Yes
Pets Allowed: Cats OK, Dogs OK
Max Pet Weight: 100
Homeowners Association Information
Association Fee Frequency: Monthly
Master Association Fee Frequency: Not Required
School Information
Elementary School District: 73
Elementary School: Hawthorn Elementary School (Sout
Middle Or Junior School District: 73
Middle Or Junior School: Hawthorn Middle School South
High School District: 128
High School: Vernon Hills High School
Location Information
Unit Floor Level: 1
Township: Libertyville
Corporate Limits: Vernon Hills
Directions: Rt. 45 to Oakwood S. to Cherry Valley W to #
Public facts
Beds: —
Baths: 1.5
Sq. Ft.: 1,160
Stories: 2.0
Lot Size: 3,200 square feet
Style: Single Family Residential
Year Built: 1962
Year Renovated: 1962
County: Lake County
APN: 15-08-107-047
Home facts updated by county records on Jul 15, 2026
Other
Listing Information
Holds Earnest Money: Yes
Possession: Closing
Around this home
Schools
Hawthorn Elementary School South
Public 1-5 • Assigned • 0.9mi
7/10
Hawthorn Middle School South
Public 6-8 • Assigned • 1.2mi
5/10
Vernon Hills High School
Public 9-12 • Assigned • 1.4mi
8/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.15% chance of being in a wildfire in next 30 years
2/10 Heat Factor
7 days above 100° expected this year, 14 days in 30 years
2/10 Wind Factor
0% chance of strong winds in next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
Vernon Hills, IL • 60061
Average low and high temperatures (°F)
29
14
37
20
53
32
61
41
68
47
80
61
84
67
81
62
78
57
67
47
49
36
36
22
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.2 hours in
June and 3.3 hours in December, placing it below the
U.S. average for solar exposure.
10.2 hrs
3.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$260,000 – $315,000
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