NOT LISTED FOR SALE

1516 E Lake Ave Peoria, IL 61614

Downtown Peoria Neighborhood

Estimated Value: $123,000 - $173,177

2 Beds
2 Baths
2,385 Sq Ft
$59/Sq Ft Est. Value

Last Sold October 21, 2022

Last sale price $80,000 $34 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $1,049/month

18 Days on Market

Highlights

  • Cathedral Ceiling
  • Porch
  • Garage
  • Fenced Yard
  • Patio

About This Home

As of October 2022

LOCATION, LOCATION, LOCATION! JUST MINUTES FROM SHOPPING, DINING, & ENTERTAINMENT OF DOWNTOWN PEORIA HEIGHTS & THE WALKING TRAILS! HERE IS YOUR CHANCE TO BUILD SWEAT EQUITY IN THIS UNIQLY DESIGNED HOME BOASTING VAULTED CEILINGS, SPACIOUS EAT IN KITCHEN COMPLETE WITH ISLAND AND DINING AREA! ATTACHED 2 CAR GARAGE, FENCED YARD, HOME WARRANTY & MORE! TAKE THE TOUR TODAY!

Last Agent to Sell the Property

Christine Schauble

eXp Realty License #471010122 Listed on: 09/12/2022

Last Buyer's Agent

TyJuan Brown

Keller Williams Premier Realty License #475199915

Keller Williams Premier Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,310

Year Built

  • Built in 1968

Lot Details

  • Fenced Yard

Parking

  • Garage

Home Design

  • Quad-Level Property

Interior Spaces

  • 2 Full Bathrooms
  • Cathedral Ceiling

Kitchen

  • Oven or Range
  • Range Hood
  • Disposal

Outdoor Features

  • Patio
  • Porch

Schools

  • Hines Elementary School

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,310

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: Quad-Level/4-Level
  • Legal Description: FAIRFAX ADD NE 1/4 SEC 27-9N-8E LOT 38 T6HRU 42
  • Lvt Date: 09/12/2022
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Disposal, Hood/Fan, Range/Oven, Refrigerator
  • Fireplace: Family Room
  • Interior Amenities: Ceilings/Cath/Vault/Tray
  • Number Fireplaces: 1
  • Total Bathrooms: 2
  • Total Full Baths: 2
  • Number of Lower Level Full Bathrooms: 1
  • Bedrooms: 2
  • Master Bedroom: Dimensions: 16x13, On Level: Upper, Flooring: Carpet
  • Basement Foundation: Partial, Partially Finished
  • Master Bedroom Egress Window: Yes
  • Bathroom Master Bedroom: Full
  • Bedroom 2: Dimensions: 15x10, On Level: Upper, Flooring: Carpet
  • Family Room: Dimensions: 28x14, On Level: Lower, Flooring: Laminate
  • Great Room: Dimensions: 19x15, On Level: Upper, Flooring: Hardwood
  • Informal Dining Room: Dimensions: 12x9, On Level: Main, Flooring: Vinyl
  • Kitchen: Dimensions: 13x11, On Level: Main, Flooring: Vinyl
  • Kitchen Dining: Dining Informal, Eat-In Kitchen, Island
  • Living Room: Dimensions: 20x15, On Level: Main, Flooring: Carpet
  • Total Basement Sq Ft: 644
  • Price Per Sq Ft: 33.54
  • Finished Sq Ft: 2385
  • Total Sq Ft: 2385
  • Finished Lower Level Sq Ft: 421
  • Finished Main Level Sq Ft: 1188
  • Upper Level Finished Sq Ft: 776

Exterior Features

  • Exterior: Wood Siding
  • Exterior Amenities: Fenced Yard, Patio, Porch
  • Road Access: Paved
  • Roofing: Shingles

Garage/Parking

  • Garage Parking: Attached, Parking Slab, Under
  • Garage Yn: Yes
  • Number Cars: 2
  • Number Of Garage Remotes: 1

Utilities

  • Heating Cooling: Gas, Forced Air, Water Heater - Gas
  • Utilities On: Yes
  • Water Sewer: Public Water, Public Sewer
  • Utility Companies: Ameren

Schools

  • Elementary School: Hines

Lot Info

  • Estimated Lot Size: 156 X 136
  • Estimated Number of Acres: 0.49
  • Lot Description: Wooded, Sloping
  • Subdivision: Fairfax
  • Geo Subdivision: IL

Tax Info

  • Annual Taxes: 3310.16
  • Parcel Id Number Tax Id: 14-27-201-051
  • Tax Exemptions: Homestead/Owner Occupied
  • Tax Year: 2021

MLS Schools

  • High School School District: Peoria High
  • Middle School: Von Steuben

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2022
Closed on
Oct 17, 2022
Sold by
Burns Ponno T and Burns Racheal
Bought by
Jw Land Management Llc
Seller's Agent
Christine Schauble
eXp Realty
Buyer's Agent
TyJuan Brown
Keller Williams Premier Realty
List Price
$89,900
Sold Price
$80,000
Premium/Discount to List
-$9,900
-11.01%
Views
59
Current Estimated Value
$140,294

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,294
Avg. Annual Appreciation
18.74%

Purchase Details

Closed on
Sep 25, 2018
Sold by
Household Financial Services
Bought by
Ponno Burns T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,000
Interest Rate
4.8%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Jw Land Management Llc $80,000 --
Ponno Burns T -- Attorney Only
Burns Ponno T -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Burns Ponno T $76,000
Previous Owner Ponno Burns T $57,713
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/21/2022 10/21/22 Sold $80,000 -11.0% $34 / Sq Ft
09/30/2022 09/30/22 Pending -- -- --
09/12/2022 09/12/22 For Sale $89,900 -- $38 / Sq Ft
Source: RMLS Alliance

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 $3,659 $40,450 $7,590 $32,860
2023 $2,764 $29,380 $9,000 $20,380
2022 $3,121 $38,350 $8,980 $29,370
2021 $3,034 $36,520 $8,550 $27,970
2020 $3,022 $36,160 $8,470 $27,690
2019 $3,077 $36,890 $8,640 $28,250
2018 $2,997 $36,770 $8,720 $28,050
2017 $3,002 $37,140 $8,810 $28,330
2016 $2,907 $37,140 $8,810 $28,330
2015 $2,664 $36,410 $8,640 $27,770
2014 $2,670 $34,940 $9,200 $25,740
2013 -- $35,360 $9,310 $26,050
Source: Public Records

Agents Affiliated with this Home

  • Christine Schauble

    Seller's Agent in 2022

    Christine Schauble

    eXp Realty

    (309) 208-9900

    49 in this area

    1,174 Total Sales

    Christine Schauble
    Section Image

  • T

    Buyer's Agent in 2022

    TyJuan Brown

    Keller Williams Premier Realty

    Section Image
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Map

Source: RMLS Alliance

MLS Number: PA1237580

RMLS Alliance

APN: 14-27-201-051

Illinois Peoria County Peoria 61614 Downtown Peoria

1516 E Lake Ave, Peoria, IL

Not Listed for Sale

Detached

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