NOT LISTED FOR SALE

1603 Pace Ave Mount Vernon, IL 62864

Estimated Value: $52,000 - $72,000

2 Beds
1 Bath
870 Sq Ft
$70/Sq Ft Est. Value

Last Sold April 14, 2022

Last sale price $37,500 $43 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $425/month

4 Days on Market

Highlights

  • 1 Car Detached Garage
  • Living Room
  • Bungalow

About This Home

As of April 2022

You won't want to miss this cute bungalow, great starter home or investment property. Original hardwood floors, some refinished, gas fireplace in living room, large back covered deck, replacement windows. Commission not paid on buyer credits or true closing costs. Inspections welcome, buyer will not be paying for any repairs, property sold "as is".

Last Agent to Sell the Property

Hope Williams

Keller Williams Pinnacle - MTV License #475177525 Listed on: 02/05/2022

Keller Williams Pinnacle - MTV

Last Buyer's Agent

data change rules

MRED LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,134

Year Built

  • Built in 1945

Lot Details

  • Lot Dimensions are 50.40x141.35x51.81x140.24
  • Sloped Lot

Parking

  • 1 Car Detached Garage
  • Parking Available
  • Shared Driveway

Home Design

  • Bungalow
  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 870 Sq Ft Home
  • Living Room
  • Basement Window Egress
  • Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 1 Full Bathroom

Schools

  • Mt Vernon Elementary School
  • Casey Mt. Vernon Middle School
  • Mt Vernon High School

Utilities

  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • Homestead Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,134

Year Built

Built in 1945

Lot Details

5,053 Sq Ft Lot

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • ArchitecturalStyle: Bungalow
  • New Construction: No
  • Subdivision Name: Homestead
  • Year Built: 1945
  • Age: 71-80 Years
  • Built Before 1978 (Y/N): Yes
  • Legal Description: PACE HOMESTEAD ADD W'LY 50' LOTS 19 & 20
  • Actual Status: Closed
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Refrigerator
  • Basement: Egress Window
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • LivingArea: 870
  • Other Equipment: Water Heater-Gas
  • Below Grade Bedrooms: 0

Exterior Features

  • Construction Materials: Vinyl Siding, Frame
  • Lot Features: Sloped

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Shared Driveway, Yes, Detached, Garage
  • ParkingTotal: 1

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Other
  • Water Source: Public

Schools

  • Elementary School: Mt Vernon
  • High School: Mt Vernon
  • Middle/Junior School: Casey Mt. Vernon

Lot Info

  • Lot Dimensions: 50.40x141.35x51.81x140.24

Rental Info

  • Board Number: 29

Tax Info

  • Tax Annual Amount: 1133.98
  • Tax Year: 2020
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2022
Closed on
Apr 18, 2022
Sold by
King Anthony and King Erin
Bought by
Oliver Melody
Seller's Agent
Hope Williams
Keller Williams Pinnacle - MTV
Buyer's Agent
data change rules
MRED LLC
List Price
$37,500
Sold Price
$37,500
Current Estimated Value
$60,750

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,250
Avg. Annual Appreciation
13.10%
Original Mortgage
$35,625
Outstanding Balance
$33,677
Interest Rate
4.88%
Estimated Equity
$27,073

Purchase Details

Listed on
May 9, 2018
Closed on
Jun 22, 2018
Sold by
Fhlmc
Bought by
King Anthony and King Erin
Seller's Agent
MARK MILLER
Coldwell Banker Allen & Geary
Buyer's Agent
Hope Williams
Keller Williams Pinnacle - MTV
List Price
$17,500
Sold Price
$20,100
Premium/Discount to List
$2,600
14.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.89%

Purchase Details

Closed on
Mar 16, 2018
Sold by
Unknown
Bought by
Fhlmc

Purchase Details

Closed on
Jun 17, 2005
Sold by
Virgil T Bailey Inc and Bailey Roger K
Bought by
Smith Diane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,000
Interest Rate
6.2%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Oliver Melody $37,500 --
King Anthony $20,100 --
Fhlmc -- --
Smith Diane $22,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Oliver Melody $35,625
Previous Owner Smith Diane $28,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/31/2025 12/31/25 Off Market $37,500 -- --
04/14/2022 04/14/22 Sold $37,500 0.0% $43 / Sq Ft
02/09/2022 02/09/22 Pending -- -- --
02/05/2022 02/05/22 For Sale $37,500 +86.6% $43 / Sq Ft
07/02/2018 07/02/18 Sold $20,100 +14.9% $23 / Sq Ft View Prior Sale
05/30/2018 05/30/18 Pending -- -- --
05/09/2018 05/09/18 For Sale $17,500 -- $20 / Sq Ft
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 $1,309 $15,082 $4,130 $10,952
2023 $1,218 $13,924 $3,813 $10,111
2022 $1,181 $12,214 $3,345 $8,869
2021 $1,131 $11,633 $3,186 $8,447
2020 $1,134 $10,872 $2,978 $7,894
2019 $522 $10,872 $2,978 $7,894
2018 $512 $10,872 $2,978 $7,894
2017 $499 $10,872 $2,978 $7,894
2016 $495 $11,100 $2,978 $8,122
2015 $484 $11,100 $2,978 $8,122
2014 $401 $11,100 $2,978 $8,122
2013 $401 $10,471 $2,809 $7,662
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: EB443040

Midwest Real Estate Data (MRED)

APN: 07-30-256-019

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