$215,000
SOLD FEB 28, 2025

16 Settler Ln Galena, IL 61036

2 Beds
2 Baths
950 Sq Ft
$335/mo HOA Fee

Recently Sold

$226 Per Sq Ft

1% Below List Price

127 Days on Market

Highlights

  • Deck
  • Wooded Lot
  • Baseboard Heating
  • Galena Primary School Rated A-
  • Central Air
  • Wood Siding

About This Home

As of February 2025

Discover the perfect TURNKEY investment opportunity with this charming Settlement Cottage featuring a current Guest Accommodation License. Inside, you'll find a spacious eat-in kitchen, a welcoming living room, a full bathroom, and a bedroom on the main level. An open stairwell floods the upper level with natural light, leading to a large bedroom with a king-sized bed and sitting area, along with another full bathroom, a generous closet, and convenient washer and dryer. Step outside onto the deck—a delightful spot for sipping a beverage, diving into a good book, or grilling your favorite meal on the new grill. Recent upgrades include maintenance-free boards on the entryway and deck. Located just minutes from Historic downtown Galena, this retreat is surrounded by amenities including four onsite golf courses, a fishing lake, two swimming pools, the Shenandoah Riding Center for horse enthusiasts, and tennis and fitness areas. Settlement homes are part of the Eagle Ridge Townhouse Association (ERTA), providing maintenance for exterior siding, roofs, decks, chimneys, grounds, parking, snow removal, and trash collection for a monthly fee of $335. Sold furnished with a few exceptions, this property offers a turnkey investment opportunity.

Last Agent to Sell the Property

Danielle Cline

DC Rise Real Estate License #471.021953 Listed on: 09/12/2024

Last Buyer's Agent

Amanda Barker

DC Rise Real Estate License #475212115

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,338

Year Built

  • Built in 1984

Lot Details

  • Property fronts a county road
  • Wooded Lot

HOA Fees

  • $335 Monthly HOA Fees

Home Design

  • Shingle Roof
  • Wood Siding

Interior Spaces

  • Wood Burning Fireplace
  • Window Treatments
  • Crawl Space

Kitchen

  • Electric Range
  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck

Schools

  • Galena Elementary And Middle School
  • Galena High School

Utilities

  • Central Air
  • Baseboard Heating
  • Electric Water Heater

Community Details

  • Association fees include lawn care, snow removal, pool access, clubhouse
  • The community has rules related to covenants

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,338

Year Built

Built in 1984

Lot Details

0

HOA Fees

$335 per month

Listing Details

  • Interior Amenities: Ceiling Fan(s), Window Treatments
  • Road Frontage: County/City Road
  • Type: Wooded, Covenants, Restrictions
  • Electric: Circuit Breaker
  • Class: CONDO
  • Estimated Above Grade Sq Ft: 572
  • Fee Includes: Lawn Care, Snow Removal, Pool Access, Clubhouse
  • General Features: Deck
  • Hoa Fee Frequency: Monthly
  • Legal Description: to follow on deed
  • Lvt Date: 09/12/2024
  • Number of Main Level Full Bathrooms: 1
  • Number of Upper Level Full Bathrooms: 1
  • Stove Range Fuel: Electric
  • Style: Townhouse
  • Type: Condominium
  • Appliances That Stay or Are Included: Dishwasher, Dryer, Microwave, Refrigerator, Stove/Cooktop, Washer
  • Agent Only_ Designated Managing Broker Y N: Yes
  • Agent Only_ L A1 User Code: F_4215
  • Egress: No
  • Elementary School: Galena
  • Estimated Total Finished Sq Ft: 950
  • Estimated Upper Sq Ft: 378
  • Garage Type Driveway: None
  • Hold Earnest Money Y N: No
  • Licensed Unit Number: 16 SL
  • Pertinent Facts: Discover the perfect TURNKEY investment opportunity with this charming Settlement Cottage featuring a current Guest Accommodation License. Inside, you'll find a spacious eat-in kitchen, a welcoming living room, a full bathroom, and a bedroom on the main level. An open stairwell floods the upper level with natural light, leading to a large bedroom with a king-sized bed and sitting area, along with another full bathroom, a generous closet, and convenient washer and dryer. Step outside onto the deck—a delightful spot for sipping a beverage, diving into a good book, or grilling your favorite meal on the new grill. Recent upgrades include maintenance-free boards on the entryway and deck. Located just minutes from Historic downtown Galena, this retreat is surrounded by amenities including four onsite golf courses, a fishing lake, two swimming pools, the Shenandoah Riding Center for horse enthusiasts, and tennis and fitness areas. Settlement homes are part of the Eagle Ridge Townhouse Association (ERTA), providing maintenance for exterior siding, roofs, decks, chimneys, grounds, parking, snow removal, and trash collection for a monthly fee of $335. Sold furnished with a few exceptions, this property offers a turnkey investment opportunity.
  • Rental License: Yes
  • Estimated Above Grade Sq Ft: 950
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Bedrooms: 2
  • Basement Type: Crawl Space
  • Master Bedroom: Dimensions: 17x11, On Level: Upper
  • Fireplace Type: Wood
  • Bedroom 2: Dimensions: 11x10, On Level: Main
  • Dining Room: Yes, On Level: Main, Dimensions: w/xkitchen
  • Family Room: No
  • Fireplace: Yes
  • Full Bathrooms: 2
  • Living Room: Yes, On Level: Main, Dimensions: 14x11
  • Number Of Fireplaces: 1
  • Recreation Room: No
  • Total Bathrooms: 2

Exterior Features

  • Exterior: Wood
  • Roof: Shingle

Utilities

  • Cooling: Central Air
  • Heating: Baseboard, Electric
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA Fees: 335

Building Info

  • Year Built: 1984

Tax Info

  • Year: 2023
  • Taxes: 3338

MLS Schools

  • HighSchool: Galena
  • School District: Galena
  • Middle School: Galena

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2024
Closed on
Feb 27, 2025
Sold by
Hall Pamela A Trust
Bought by
Happy Little Haven Llc
Seller's Agent
Danielle Cline
DC Rise Real Estate
Buyer's Agent
Amanda Barker
DC Rise Real Estate
List Price
$218,000
Sold Price
$215,000
Premium/Discount to List
-$3,000
-1.38%
Views
64
Current Estimated Value
$213,015

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,985
Avg. Annual Appreciation
-1.12%

Purchase Details

Listed on
Jan 25, 2016
Closed on
Mar 16, 2018
Sold by
Bullinger Gary N
Bought by
Lutesville Llc
Seller's Agent
Garrett Hillary
KELLER WILLIAMS REALTY SIGNATURE
Buyer's Agent
LaVonne Deininger
KELLER WILLIAMS REALTY SIGNATURE
List Price
$94,900
Sold Price
$77,500
Premium/Discount to List
-$17,400
-18.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.79%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Deed $215,000 Attorney Only
Grant Deed $77,500 Attorney Only
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/28/2025 02/28/25 Sold $215,000 0.0% $226 / Sq Ft
01/17/2025 01/17/25 Pending -- -- --
09/19/2024 09/19/24 Price Changed $215,000 -1.4% $226 / Sq Ft
09/12/2024 09/12/24 For Sale $218,000 -3.1% $229 / Sq Ft
04/14/2023 04/14/23 Sold $225,000 +4.7% $237 / Sq Ft View Prior Sale
03/23/2023 03/23/23 For Sale $215,000 +177.4% $226 / Sq Ft
03/16/2018 03/16/18 Sold $77,500 -18.3% $82 / Sq Ft View Prior Sale
02/01/2018 02/01/18 Pending -- -- --
01/25/2016 01/25/16 For Sale $94,900 -- $100 / 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 $3,994 $57,764 $5,179 $52,585
2023 $3,339 $47,120 $4,225 $42,895
2022 $3,339 $27,945 $3,603 $24,342
2021 $1,989 $25,851 $3,333 $22,518
2020 $2,083 $26,358 $3,328 $23,030
2019 $2,068 $26,358 $3,328 $23,030
2018 $2,024 $26,398 $3,333 $23,065
2017 $1,983 $26,398 $3,333 $23,065
2016 $2,255 $30,607 $4,689 $25,918
2015 $2,260 $30,607 $4,689 $25,918
2014 $2,278 $32,638 $5,000 $27,638
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202405156

NorthWest Illinois Alliance of REALTORS®

APN: 06-410-001-16