NOT LISTED FOR SALE

1425 Skyline Dr Cobden, IL 62920

Estimated Value: $115,000 - $473,249

-- Bed
-- Bath
-- Sq Ft
42 Acres

Last Sold May 11, 2020

Last sale price $166,000

Est. 66% increase in value since last sale

Current estimated payment $2,038/month

171 Days on Market

About This Home

As of May 2020

Turn key business located in rural Southern Illinois in the heart of the wine trail. Property is 42 +/- acres with a fully functional restaurant. Previous owner made living quarters in the basement. Special events venue along with breathtaking views of the So Illinois countryside greet you as you walk out the back to the multi-level deck. Restaurant has 3 dining areas, as well as considerable outdoor seating. Restaurant has a cypress log bar and a commercial kitchen.Disclosure: N/A

Last Agent to Sell the Property

Debbie Lence

RE/MAX Realty Central License #471017948 Listed on: 10/06/2019

RE/MAX Realty Central

Last Buyer's Agent

Debbie Lence

RE/MAX Realty Central License #471017948 Listed on: 10/06/2019

RE/MAX Realty Central

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $4,057

Year Built

  • Built in 1994

Lot Details

  • 42

Utilities

  • Central Air
  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Wood
  • Heating System Uses Propane

Property Details

Property Type

Other

Est. Annual Taxes

$4,057

Year Built

Built in 1994

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Investment
  • Legal Description: Business and Real Estate
  • Year Built: 1994
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpeted, Other Flooring, Tile/Vinyl
  • Total Sq Ft: 3000
  • Total Building Sq Ft: 3000

Exterior Features

  • Exterior Finish: Wood Siding
  • Frontage Access: Country Road
  • Insulation: Unknown
  • Roof Construction: Asphalt/Fiberglass
  • Wall Construction: Block

Garage/Parking

  • Numberparking Spaces Allocated: 50

Utilities

  • Electric Company: SIEC
  • Cooling: Central Air, Wall/Window
  • Heating: Propane, Wood
  • Gas Company: So IL Propane

Lot Info

  • Estimated Number of Acres: 42
  • Zoning: None or N/
  • Geo Subdivision: IL
  • Irregular Lot: Yes
  • Lot Size Remarks: Yes, property is 42 +/- acres-see plat map in documents

Rental Info

  • Sale Lease Includes: Business
  • Terms Lease: N/A

Tax Info

  • Annual Taxes: 4057
  • Parcel Id Number Tax Id: 072305483
  • Estimated Taxes Sq Ft: 1.35
  • Tax Incentive: None
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2019
Closed on
May 11, 2020
Sold by
Southerntrust Bank
Bought by
Chandra Rakesh and Chandra Anita
Seller's Agent
Debbie Lence
RE/MAX Realty Central
Buyer's Agent
Debbie Lence
RE/MAX Realty Central
List Price
$299,000
Sold Price
$166,000
Premium/Discount to List
-$133,000
-44.48%
Current Estimated Value
$275,789

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,789
Avg. Annual Appreciation
12.82%
Original Mortgage
$132,800
Interest Rate
3.5%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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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
Chandra Rakesh $110,666 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Chandra Rakesh $132,800
Previous Owner Goins Brian G $151,362
Previous Owner Goins Brian G $333,291
Previous Owner Goins Brian G $15,183
Previous Owner Goins Brian G $70,776
Previous Owner Goins Brian G $29,700
Previous Owner Goins Brian G $139,893
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/11/2020 05/11/20 Sold $166,000 -44.5% --
03/25/2020 03/25/20 Pending -- -- --
10/06/2019 10/06/19 For Sale $299,000 -- --
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 $6,330 $118,860 $12,110 $106,750
2023 $5,829 $110,050 $11,210 $98,840
2022 $3,987 $68,771 $4,463 $64,308
2021 $3,906 $65,623 $4,172 $61,451
2020 $3,535 $65,503 $4,052 $61,451
2019 $3,722 $68,227 $3,932 $64,295
2018 $3,612 $68,127 $3,832 $64,295
2016 $3,558 $64,980 $3,500 $61,480
2015 $2,844 $64,940 $3,460 $61,480
2014 $2,844 $64,850 $3,370 $61,480
2013 $2,844 $64,850 $3,370 $61,480
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2020

    Debbie Lence

    RE/MAX

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Map

Source: RMLS Alliance

MLS Number: RMAEB430852

RMLS Alliance

APN: 07-23-05-483

Illinois Union County Cobden 62920

1425 Skyline Dr, Cobden, IL

This home is located at 1425 Skyline Dr, Cobden, IL 62920 since 06 October 2019 and is currently estimated at $279,750. This property was built in 1994. 1425 Skyline Dr is a home located in Union County with nearby schools including Cobden Elementary School and Cobden 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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