NOT LISTED FOR SALE

109 W Main St Bishop Hill, IL 61419

Estimated Value: $233,372

5 Beds
5 Baths
4,860 Sq Ft
$48/Sq Ft Est. Value

Last Sold December 18, 2020

Last sale price $195,000 $40 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $1,570/month

122 Days on Market

About This Home

As of December 2020

This is your chance to tour and own the Historic Bishop Hill Colony Home & Inn. Recently operated as a very successful bed and breakfast and Seller is willing to share the client list and contacts to continue the business. Or, very simply turn this into your private residence! Many en-suite rooms, full apartment or in-law quarters in garden level. 3rd level could easily be finished for additional living space. This is a Brick and Stucco building that currently has 5 bedrooms, 4 baths, expandable partially finished 3rd floor with 4 rooms and walk up attic. Main floor has been a shop or 1-2 bedroom apartment. 2nd floor Inn has 3 beautifully appointed rooms plus kitchen & sitting room. 2 smaller rooms rent for $109/night and larger room rents for $119/night. Includes linens, furniture, and clientele. Absolutely incredible opportunity to own a historic building in the center of quaint Bishop Hill!

Last Agent to Sell the Property

Justin Landwehr

Currents and Keys Realty License #471.020361/B65490000 Listed on: 07/17/2020

Last Buyer's Agent

Non Board

NON BOARD

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $2,043

Year Built

  • Built in 1856

Lot Details

  • 0.26

Utilities

  • Central Air
  • Heating System Uses Gas

Listing and Financial Details

  • The owner pays for all

Property Details

Property Type

Other

Est. Annual Taxes

$2,043

Year Built

Built in 1856

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Retail
  • Lvt Date: 08/19/2020
  • Year Built: 1856
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Wood
  • Other Access: None
  • Total Building Sq Ft: 4868
  • Estimated Lot Sq Ft: 11,130

Exterior Features

  • Exterior Finish: Stucco
  • Frontage Access: Paved 2Lane
  • Insulation: Unknown
  • Roof Construction: Comp Shingle
  • Wall Construction: Masonry

Utilities

  • Cooling: Central Air
  • Heating: Gas, Electric, Radiant/Base
  • Water Supply: Municipal/City

Lot Info

  • Estimated Number of Acres: 0.26
  • Estimated Land Size: 105 x 106
  • Geo Subdivision: IL

Rental Info

  • Owner Pays: All
  • Tenant Pays: N/A
  • Terms Lease: N/A

Tax Info

  • Annual Taxes: 2043.2
  • Parcel Id Number Tax Id: 23-14-434-011
  • Tax Incentive: None
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2020
Closed on
Dec 14, 2020
Sold by
Johnson James B and Johnson Martha T
Bought by
Hefner Joanne and Rodseth Jillian C
Seller's Agent
Justin Landwehr
Currents and Keys Realty
Buyer's Agent
Non Board
NON BOARD
List Price
$225,000
Sold Price
$195,000
Premium/Discount to List
-$30,000
-13.33%
Current Estimated Value
$233,372

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,372
Avg. Annual Appreciation
3.87%
Original Mortgage
$165,750
Outstanding Balance
$148,500
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$84,872

Purchase Details

Closed on
Mar 20, 2008
Sold by
Holden Stephen and Holden Linda
Bought by
Johnson James Bg and Johnson Martha T
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hefner Joanne $195,000 Attorney
Johnson James Bg $82,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hefner Joanne $165,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2020 12/18/20 Sold $195,000 -9.3% $40 / Sq Ft
11/16/2020 11/16/20 Pending -- -- --
09/11/2020 09/11/20 Price Changed $215,000 -4.4% $44 / Sq Ft
07/17/2020 07/17/20 For Sale $225,000 -- $46 / 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 $3,695 $55,000 $1,332 $53,668
2023 $3,730 $55,000 $1,332 $53,668
2022 $3,814 $55,000 $1,332 $53,668
2021 $3,984 $55,000 $1,332 $53,668
2020 $1,907 $23,352 $1,303 $22,049
2019 $2,043 $25,134 $1,402 $23,732
2018 $1,971 $24,402 $1,361 $23,041
2017 $1,931 $23,760 $1,325 $22,435
2016 $1,950 $23,641 $1,318 $22,323
2015 $2,058 $23,641 $1,318 $22,323
2013 $2,058 $23,879 $1,331 $22,548
Source: Public Records

Agents Affiliated with this Home

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Map

Source: RMLS Alliance

MLS Number: QC4214502

RMLS Alliance

APN: 23-14-434-011