NOT LISTED FOR SALE

109 Washington Square Washington, IL 61571

-- Bed
-- Bath
-- Sq Ft
8,494 Sq Ft Lot

Last Sold February 24, 2017

Last sale price $605,000

585 Days on Market

About This Home

As of February 2017

Once in a lifetime entrepreneur opportunity to own a completely restored & modernized inn and retail space dating back to 1875. Includes 7 beautiful guest rooms, inn keeper's apartment, Denhart Restaurant, 2 retail spaces and C-Note Pub. Seating provided: Denhart's 68, Bar 46 with 24 seat adjacent room. Adequate public parking nearby. Rubber roofing, elevator serves part of building & most of building geo-thermal heated & cooled. Visit the Inn's website at www.CornerstoneInnbnb.com

Last Agent to Sell the Property

Jeanette Pritchard

RE/MAX WRC Downtown License #475096848 Listed on: 07/20/2015

RE/MAX WRC Downtown

Last Buyer's Agent

Marc Wells

RE/MAX WRC Downtown License #475128269

RE/MAX WRC Downtown

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $16,226

Year Built

  • Built in 1875

Lot Details

  • 8,494

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for insurance, janitorial, gas, electric, heating, cooling, water/sewer
  • The owner pays for all

Property Details

Property Type

Other

Est. Annual Taxes

$16,226

Year Built

Built in 1875

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Retail
  • Year Built: 1875
  • Handicap Modified: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpeted, Tile/Vinyl, Wood
  • Maximum Ceiling Ht Feet: 14
  • Total Building Sq Ft: 13931

Exterior Features

  • Exterior Finish: Brick
  • Frontage Access: Corner Lot, State Road
  • Insulation: Partial
  • Roof Construction: Other Roof Construction
  • Wall Construction: Brick

Garage/Parking

  • Numberparking Spaces Allocated: 25

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Gas, Zones, Geo Thermal
  • Water Supply: Municipal/City

Association/Amenities

  • Amenities: Computer Cabling, Cable, Wireless Internet

Lot Info

  • Zoning: Commercial
  • Geo Subdivision: IL
  • Parcel 3: 02-02-24-100-013

Rental Info

  • Lease Type: Gross
  • Owner Pays: All
  • Sale Lease Includes: Building, Business, Inventory, Land, License/Permits, Sale/Lease Other
  • Tenant Pays: Insurance, Janitorial, Gas, Electric, Heating, Cooling, Water/Sewer
  • Terms Lease: 2 Years

Tax Info

  • Annual Taxes: 16226.1
  • Parcel Id Number Tax Id: 02-02-24-100-011,012,013
  • Tax Incentive: In City Limit, Enterprize Zone, TIF District
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2015
Closed on
Feb 24, 2017
Sold by
Gross Enterprises Llc
Bought by
Heider Properties Llc
Seller's Agent
Jeanette Pritchard
RE/MAX WRC Downtown
Buyer's Agent
Marc Wells
RE/MAX WRC Downtown
List Price
$900,000
Sold Price
$605,000
Premium/Discount to List
-$295,000
-32.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$605,000
Interest Rate
4.12%
Mortgage Type
Commercial
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
Heider Properties Llc $387,700 Chicago Abstract Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Heider Properties Llc $780,000
Closed Heider Properties Llc $605,000
Previous Owner Gross Enterprises Llc $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/24/2017 02/24/17 Sold $605,000 -32.8% --
02/24/2017 02/24/17 Pending -- -- --
07/20/2015 07/20/15 For Sale $900,000 -- --
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 $2,442 $30,790 $2,570 $28,220
2023 $2,442 $28,560 $2,380 $26,180
2022 $2,337 $26,680 $2,220 $24,460
2021 $4,025 $46,490 $4,900 $41,590
2020 $3,967 $46,490 $4,900 $41,590
2019 $3,892 $46,490 $4,900 $41,590
2018 $3,822 $46,490 $4,900 $41,590
2017 $3,725 $39,910 $4,200 $35,710
2016 $3,634 $39,910 $4,200 $35,710
2015 $3,570 $0 $0 $0
2013 $3,369 $39,910 $4,200 $35,710
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    Jeanette Pritchard

    RE/MAX

    (309) 635-9675

    18 in this area

    67 Total Sales

    Section Image
  • Marc Wells

    Buyer's Agent in 2017

    Marc Wells

    RE/MAX

    (309) 253-7075

    28 in this area

    131 Total Sales

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Map

Source: RMLS Alliance

MLS Number: RMAPA7032384

RMLS Alliance

APN: 02-02-24-100-013

Illinois Tazewell County Washington 61571

109 Washington Square, Washington, IL

This home is located at 109 Washington Square, Washington, IL 61571 since 20 July 2015. This property was built in 1875. 109 Washington Square is a home located in Tazewell County with nearby schools including Lincoln Grade School, Washington Middle School, and Washington Community High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

RMLS Alliance IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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