$525,000
SOLD AUG 26, 2025

1000 Business Loop 55 Lincoln, IL 62656

4 Beds
4 Baths
3,206 Sq Ft
40.49 Acres

Recently Sold

$164 Per Sq Ft

5% Below List Price

Highlights

  • 40.49 Acre Lot
  • Pond
  • 2 Car Garage
  • West Lincoln-Broadwell Elementary School Rated 9+
  • Family Room with Fireplace
  • Porch

About This Home

As of August 2025

This 4-bedroom, 2 full/2 half bath two story property situated on 40.49 acres on the southwest side of town with super convenient interstate access is certainly one of a kind! The main floor of home boasts a double door entry which leads into an inviting foyer host to slate tile flooring as well as an open staircase. Main floor of home also boasts gracious formal living and dining areas, family room with a woodburning fireplace, equipped eat-in kitchen, roomy den, half bath, laundry facilities, and a great rear facing sunroom. Upstairs, you will find four large bedrooms and a full hall bath. The expansive primary suite is host to a private full adjacent bath in addition to an adjacent walk-in closet. The full lower level boasts a sprawling rec room with an additional fireplace as well as a bar, half bath, mechanicals, and great storage as well as work space. Property also features a 2+ car attached side facing garage, neat front courtyard area, large back patio area (inground pool has been filled in), detached garage structure, machine shed (dirt floor), metal roof, two furnaces/two central air conditioning units, generator, and all appliances to remain. Who could forget about the AMAZING stocked pond? 3.65 acres currently in CRP through 2027 ($1096/year -- $923/year to owner -- $173/year to farm tenant). Several acres currently leased by a local farmer. $650.00/month roughly for tower on property. WLB school district. Private well/septic. Choice property, choice location!

Last Agent to Sell the Property

Seth Goodman

ME Realty License #475126097 Listed on: 07/17/2025

Last Buyer's Agent

Seth Goodman

ME Realty License #475126097 Listed on: 07/17/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,652

Year Built

  • Built in 1974

Lot Details

  • 40.49 Acre Lot

Parking

  • 2 Car Garage
  • Side Facing Garage

Home Design

  • Poured Concrete
  • Metal Roof
  • Stucco
  • Stone

Interior Spaces

  • 3,206 Sq Ft Home
  • Ceiling Fan
  • Wood Burning Fireplace
  • Blinds
  • Family Room with Fireplace
  • 2 Fireplaces
  • Recreation Room with Fireplace
  • Basement Fills Entire Space Under The House
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Pond
  • Patio
  • Porch

Schools

  • W Lincoln-Brdwl Elementary School
  • Lincoln High School

Utilities

  • Two Heating Systems
  • Forced Air Heating System
  • Heating System Powered By Leased Propane

Listing and Financial Details

  • Assessor Parcel Number 11-010-003-00

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,652

Year Built

Built in 1974

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1974
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: No
  • PricePerSqFt: 163.76
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Range, Refrigerator, Washer, Dryer
  • Basement: Full
  • Other Equipment: Generator
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Wood Burning, Family Room, Recreation Room
  • Fireplaces: 2
  • Interior Amenities: Ceiling Fan(s)
  • Living Area: 3206
  • Window Features: Blinds
  • TotalBasementSqFt: 1636
  • KitchenDining: Dining Formal,Dining Informal,Eat-In Kitchen

Exterior Features

  • Lot Features: Agricultural, Pond/Lake
  • Construction Type: Brick, Stucco, Stone
  • Foundation Details: Concrete Perimeter, Poured Concrete
  • Other Structures: Outbuilding
  • Patio And Porch Features: Patio, Porch
  • Roof: Metal
  • 100YearPlain: No

Garage/Parking

  • Garage Yn: Yes
  • Garage Spaces: 2
  • Parking Features: Attached, Detached, Side Load Garage

Utilities

  • Cooling: Zoned
  • Heating: Electric, Heating Systems - 2+, Forced Air, Propane Rented
  • Water Source: Private, Septic System

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Elementary School: W Lincoln-Brdwl
  • High School: Lincoln

Lot Info

  • Lot Size Acres: 40.49
  • Lot Size: 0
  • Additional Parcels Description: 11-010-004-60, 11-010-004-00
  • Parcel #: 11-010-003-00

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 8652.2
  • TaxExemptions: Homestead/Owner Occupied,Senior Homestead

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 7, 2019
Sold by
Wilhite J Frank J and Wilhite Carol A
Bought by
Wilhite Carol A
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2025 08/26/25 Sold $525,000 -4.5% $164 / Sq Ft
07/17/2025 07/17/25 Pending -- -- --
07/17/2025 07/17/25 For Sale $550,000 -- $172 / Sq Ft
Source: RMLS Alliance

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 $7,900 $127,560 $10,710 $116,850
2023 $7,338 $117,570 $9,870 $107,700
2022 $6,711 $104,960 $9,200 $95,760
2021 $6,533 $100,930 $8,850 $92,080
2020 $6,424 $99,440 $8,720 $90,720
2019 $6,271 $97,970 $8,590 $89,380
2018 $6,418 $97,970 $8,590 $89,380
2017 $6,438 $97,970 $8,590 $89,380
2016 $6,415 $98,090 $8,600 $89,490
2015 $4,820 $77,570 $7,470 $70,100
2014 $4,820 $77,570 $7,470 $70,100
2013 $4,820 $73,170 $7,050 $66,120
2012 $4,820 $72,930 $7,030 $65,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: RMLS Alliance

MLS Number: CA1037879

RMLS Alliance

APN: 11-010-003-00