$95,000
SOLD MAR 11, 2025

118 W Franklin St Lanark, IL 61046

4 Beds
2 Baths
1,456 Sq Ft
6,534 Sq Ft Lot

Recently Sold

$65 Per Sq Ft

10% Below List Price

166 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Eastland Elementary School Rated A-
  • Water Softener

About This Home

As of March 2025

This beautiful home in Lanark IL is a lovely 4-bedroom, 2-bathroom residence offers a perfect blend of comfort and convenience. This charming home features a spacious kitchen perfect for entertaining family and friends, a cozy dining room, and a welcoming family room. The large, backyard is perfect for outdoor entertaining, gardening, or simply enjoying the fresh air. Ample closest space and storage. Garage has a workshop. Main floor laundry. Come and check it out.

Last Agent to Sell the Property

Angela Schmidt

Keller Williams Realty Signature License #475.195153 Listed on: 08/15/2024

Keller Williams Realty Signature

Last Buyer's Agent

Trent Wingert

Wingert Real Estate LLC License #471021319

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,922

Year Built

  • Built in 1900

Lot Details

  • 6,534 Sq Ft Lot

Home Design

  • Shingle Roof
  • Siding

Interior Spaces

  • 1.5-Story Property
  • Basement Fills Entire Space Under The House

Kitchen

  • Electric Range
  • Stove
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • 1 Car Garage
  • Driveway

Schools

  • Eastland Elementary And Middle School
  • Eastland High School

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater
  • Water Softener

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,922

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Interior Amenities: Other/None
  • Road Frontage: City/Town
  • Type: City/Town
  • Electric: Circuit Breaker
  • Appliances That Stay or Are Included: Disposal, Dishwasher, Dryer, Refrigerator, Stove/Cooktop, Washer, Water Softener
  • Class: HOUSE
  • Estimated Below Grade Finished Sq Ft: 868
  • Exemptions: Owner
  • Legal Description: LOT 15 BLK 40 OT. 06-000-713-00
  • Lot Acreage: 0.15
  • Lvt Date: 08/15/2024
  • Number of Lower Level Full Bathrooms: 1
  • Number of Upper Level Full Bathrooms: 1
  • Stove Range Fuel: Electric
  • Style: 1.5 Story
  • Type: House
  • Agent Only_ L A1 User Code: F_6123
  • Egress: No
  • Elementary School: Eastland
  • Estimated Total Finished Sq Ft: 1456
  • Garage Type Driveway: Detached
  • Hold Earnest Money Y N: No
  • Pertinent Facts: This beautiful home in Lanark IL is a lovely 4-bedroom, 2-bathroom residence offers a perfect blend of comfort and convenience. This charming home features a spacious kitchen perfect for entertaining family and friends, a cozy dining room, and a welcoming family room. The large, backyard is perfect for outdoor entertaining, gardening, or simply enjoying the fresh air. Ample closest space and storage. Garage has a workshop. Main floor laundry. Come and check it out.
  • Designated Managing Broker Y N: No
  • Estimated Above Grade Sq Ft: 588
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Bedrooms: 4
  • Basement Type: Full
  • Master Bedroom: Dimensions: 15x9, On Level: Upper
  • Basement: Full Exposure
  • Bedroom 2: Dimensions: 11x13, On Level: Upper
  • Bedroom 3: Dimensions: 11x13, On Level: Upper
  • Bedroom 4: Dimensions: 15x11, On Level: Main
  • Dining Room: Yes, On Level: Main, Dimensions: 11x13
  • Family Room: Yes, On Level: Main, Dimensions: 11x13
  • Full Bathrooms: 2
  • Kitchen: Dimensions: 14x13, On Level: Main
  • Living Room: No
  • Recreation Room: No
  • Total Bathrooms: 2
  • Basement: Yes

Exterior Features

  • Exterior: Siding
  • Roof: Shingle

Garage/Parking

  • Garage: 1

Utilities

  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: City/Community
  • Water: City/Community
  • Water Heater: Gas

Building Info

  • Year Built: 1900

Tax Info

  • Year: 2023
  • Taxes: 1922

MLS Schools

  • HighSchool: Eastland
  • School District: Eastland
  • Middle School: Eastland

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2019
Closed on
Nov 8, 2019
Sold by
Rinehart Ashley M
Bought by
Montgomery Jennell and Montgomery Robert
Seller's Agent
Aime Heldt
BARNES REALTY, INC.
Buyer's Agent
Cheryl Heldt
A-1 AGENCY
List Price
$84,900
Sold Price
$82,000
Premium/Discount to List
-$2,900
-3.42%
Current Estimated Value
$106,862

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,862
Avg. Annual Appreciation
4.42%
Original Mortgage
$80,514
Outstanding Balance
$71,719
Interest Rate
4.25%
Mortgage Type
Construction
Estimated Equity
$35,143

Purchase Details

Listed on
Jan 4, 2018
Closed on
Apr 11, 2018
Sold by
Pauley Guy D and Pauley Gina M
Bought by
Rinehart Ashley M
Seller's Agent
Aime Heldt
BARNES REALTY, INC.
Buyer's Agent
Aime Heldt
BARNES REALTY, INC.
List Price
$87,000
Sold Price
$78,000
Premium/Discount to List
-$9,000
-10.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.22%
Original Mortgage
$70,325
Interest Rate
4.43%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Grant Deed $82,000 Attorney Only
Grant Deed -- Security First Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $80,514 Construction
Previous Owner $70,325 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/11/2025 03/11/25 Sold $95,000 -9.5% $65 / Sq Ft
01/28/2025 01/28/25 Pending -- -- --
11/02/2024 11/02/24 For Sale $105,000 0.0% $72 / Sq Ft
10/28/2024 10/28/24 Pending -- -- --
09/26/2024 09/26/24 Price Changed $105,000 -4.5% $72 / Sq Ft
08/27/2024 08/27/24 Price Changed $110,000 -8.3% $76 / Sq Ft
08/15/2024 08/15/24 For Sale $119,900 +46.2% $82 / Sq Ft
11/08/2019 11/08/19 Sold $82,000 -3.4% $56 / Sq Ft View Prior Sale
09/27/2019 09/27/19 Pending -- -- --
09/19/2019 09/19/19 For Sale $84,900 +8.8% $58 / Sq Ft
04/11/2018 04/11/18 Sold $78,000 -10.3% $54 / Sq Ft View Prior Sale
03/03/2018 03/03/18 Pending -- -- --
01/04/2018 01/04/18 For Sale $87,000 +20.0% $60 / Sq Ft
03/02/2016 03/02/16 Sold $72,500 -9.3% $50 / Sq Ft View Prior Sale
01/20/2016 01/20/16 Pending -- -- --
05/18/2015 05/18/15 For Sale $79,900 -- $55 / Sq Ft
Source: NorthWest Illinois Alliance of REALTORS®

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 $2,038 $34,137 $2,575 $31,562
2023 $2,038 $30,479 $2,299 $28,180
2022 $1,727 $27,214 $2,053 $25,161
2021 $1,793 $27,214 $2,053 $25,161
2020 $1,537 $24,114 $2,053 $22,061
2019 $1,593 $24,114 $2,053 $22,061
2018 $2,125 $24,114 $2,053 $22,061
2017 $1,627 $24,114 $2,053 $22,061
2016 $1,148 $19,255 $2,053 $17,202
2015 $1,139 $19,255 $2,053 $17,202
2014 $1,110 $19,255 $2,053 $17,202
2013 $1,110 $19,255 $2,053 $17,202
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202404449

NorthWest Illinois Alliance of REALTORS®

APN: 06-10-05-303-041