NOT LISTED FOR SALE

1516 E Lake Ave Peoria, IL 61614

North Peoria Neighborhood

Estimated Value: $78,249 - $138,000

2 Beds
2 Baths
2,385 Sq Ft
$48/Sq Ft Est. Value

Last Sold October 21, 2022

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

Est. 39% increase in value since last sale

Current estimated payment $701/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
  • Middle School: Von Steuben
  • High School: Peoria High
  • 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
$111,177

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,177
Avg. Annual Appreciation
18.36%

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
$57,713
Interest Rate
4.5%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Source: Public Records

Mortgage History

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

Property History

Date Event Price Change Sq Ft Price
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 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 $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

    245 in this area

    1,317 Total Sales

    Section Image

  • T

    Buyer's Agent in 2022

    TyJuan Brown

    Keller Williams Premier Realty

    Section Image
See All Agents

Map

Source: RMLS Alliance

MLS Number: PA1237580

RMLS Alliance

APN: 14-27-201-051

Illinois Peoria County Peoria 61614 North Peoria

1516 E Lake Ave, Peoria, IL

This home is located at 1516 E Lake Ave, Peoria, IL 61614 since 12 September 2022 and is currently estimated at $113,562, approximately $47 per square foot. This property was built in 1968. 1516 E Lake Ave is a home located in Peoria County with nearby schools including Von Steuben Middle School, Peoria High School, and St Thomas Catholic 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.

Nearby Homes