NOT LISTED FOR SALE

1425 E 1000n Rd Melvin, IL 60952

Estimated Value: $2,254,670

160 Acres
$14,092 Price per Acre
6,969,600 Sq Ft Lot

Last Sold December 20, 2021

Last sale price $1,760,000

Est. 28% increase in value since last sale

Current estimated payment $12,132/month

About This Lot

As of December 2021

This 160 acre parcel, with a soil PI of 127.1, in Wall Township is located in east Central Illinois, Melvin is located 6.8 miles from Interstate 57 at US Highway 45 and Illinois Route 9, just 35 miles from the University of Illinois, in Champaign, IL and 44 miles from Illinois State University and Illinois Wesleyan University, in Bloomington, IL. Using I-57 Melvin, IL is 107 miles from Chicago, IL and 99 miles to Midway Airport.

Last Agent to Sell the Property

Douglas Deininger

Goodwin & Associates Real Estate LLC License #471015218 Listed on: 10/12/2021

Last Buyer's Agent

Rex Stengele

Goodwin & Associates Real Estate LLC License #471003664

Property Details

Property Type

  • Land

Farming

  • Farm

Property Details

Property Type

Land

Listing Details

  • Property Type: Land
  • Property Type: Farm
  • General Information: None
  • Directions: From Rt. 54 in Melvin go E on E 1000N Rd. for about 4 miles to the corner of E 1000N & N 1400E Rd.
  • Road Frontage Type: Frontage Road
  • Lot Size: 2600FT X 2658FT X 2636FT X 2600
  • Ownership: Fee Simple
  • Road Surface Type: Asphalt
  • Actual Status: Closed
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Basement Bathrooms: No

Exterior Features

  • Waterfront: No

Garage/Parking

  • Number of Cars: 0

Utilities

  • Utilities: Electric to Site, Septic-Private, Well Private

Schools

  • Junior High Dist: 5

Lot Info

  • Lot Size: 100+ Acres
  • Special Assessments: N
  • Additional Parcels: No
  • Current Use: Agricultural

Rental Info

  • Board Number: 20

Building Info

  • Building(s) on Land: No

Tax Info

  • Tax Exemptions: None
  • Tax Annual Amount: 5491
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2021
Closed on
Dec 20, 2021
Sold by
Wallace Douglas O
Bought by
Lee Farms General Partnership
Seller's Agent
Douglas Deininger
Goodwin & Associates Real Estate LLC
Buyer's Agent
Rex Stengele
Goodwin & Associates Real Estate LLC
List Price
$1,712,000
Sold Price
$1,760,000
Premium/Discount to List
$48,000
2.8%
Current Estimated Value
$2,254,670

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$494,670
Avg. Annual Appreciation
6.07%
Original Mortgage
$1,100,000
Outstanding Balance
$941,923
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$1,312,747

Purchase Details

Closed on
Mar 16, 2016
Sold by
Wallace Cynthia K
Bought by
Wallace Douglas O
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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Purchase History

Date Buyer Sale Price Title Company
Lee Farms General Partnership $1,760,000 Sorensen Ross
Wallace Douglas O -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Farms General Partnership $1,100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/20/2021 12/20/21 Sold $1,760,000 +2.8% --
10/13/2021 10/13/21 Pending -- -- --
10/12/2021 10/12/21 For Sale $1,712,000 -- --
Source: Midwest Real Estate Data (MRED)

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 $6,618 $80,800 $80,800 $0
2023 $6,618 $73,340 $73,340 $0
2022 $6,217 $66,750 $66,750 $0
2021 $5,979 $60,710 $60,710 $0
2020 $5,491 $55,140 $55,140 $0
2019 $5,017 $50,120 $50,120 $0
2018 $4,614 $45,630 $45,630 $0
2017 $4,267 $41,560 $41,560 $0
2016 $3,930 $37,280 $37,280 $0
2015 $3,449 $34,580 $34,580 $0
2014 $3,449 $34,580 $34,580 $0
2013 $236 $29,880 $29,880 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2021

    Douglas Deininger

    Goodwin & Associates Real Estate LLC

  • R

    Buyer's Agent in 2021

    Rex Stengele

    Goodwin & Associates Real Estate LLC

    (815) 485-5421

    64 Total Sales

    Rex Stengele
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11244487

Midwest Real Estate Data (MRED)

APN: 06-10-16-100-001

Illinois Ford County Melvin 60952

1425 E 1000n Rd, Melvin, IL

Not Listed for Sale

Lots

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.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

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