NOT LISTED FOR SALE

1606 N Tremont St Spring Bay, IL 61611

Estimated Value: $146,955

-- Bed
-- Bath
-- Sq Ft
0.5 Acres

Last Sold February 25, 2021

Last sale price $88,000

Est. 67% increase in value since last sale

Current estimated payment $1,074/month

509 Days on Market

About This Home

As of February 2021

Turn key operation for sale. Currently operating as an Ice Cream stand with additional food menu options. Outdoor seating available. Property location has good traffic counts on Route 26. Located in the Village of Spring Bay.

Last Agent to Sell the Property

Amber Neal

Jim Maloof Realty, Inc. License #475178998 Listed on: 07/26/2019

Jim Maloof Realty, Inc.

Last Buyer's Agent

Amber Neal

Jim Maloof Realty, Inc. License #475178998 Listed on: 07/26/2019

Jim Maloof Realty, Inc.

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $1,329

Year Built

  • Built in 1960

Lot Details

  • 0.5

Utilities

  • Cooling System Mounted To A Wall/Window

Property Details

Property Type

Other

Est. Annual Taxes

$1,329

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Restaurant
  • Lvt Date: 07/26/2019
  • Year Built: 1960
  • Bar: No
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete, Tile/Vinyl
  • Gaming Room Area: No
  • Kitchen Sq Ft Or Percent R: 272
  • Min Ceiling Ht Feet: 9
  • Total Building Sq Ft: 900

Exterior Features

  • Exterior Finish: Wood Siding
  • Frontage Access: State Road
  • Insulation: Partial, Side Walls
  • Roof Construction: Membrane
  • Wall Construction: Frame
  • Outdoor Dining Patio R: Yes

Garage/Parking

  • Numberparking Spaces Allocated: 15

Utilities

  • Electric Company: Ameren
  • Cooling: Wall/Window
  • Heating: None
  • Gas Company: Ameren

Association/Amenities

  • Amenities: Cable

Lot Info

  • Estimated Number of Acres: 0.5
  • Zoning: Commercial
  • Estimated Land Size: Irregular
  • Geo Subdivision: IL
  • Irregular Lot: Yes
  • Lot Size Remarks: Estimated to be 125 X 150 Parcel map available.

Rental Info

  • Sale Lease Includes: Building, Business, Inventory, Land
  • Terms Lease: N/A

Tax Info

  • Annual Taxes: 1328.98
  • Parcel Id Number Tax Id: 07-01-320-004
  • Tax Incentive: None
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2019
Closed on
Feb 26, 2021
Sold by
Spring Bay Dairy Company
Bought by
Kcmc Inc
Seller's Agent
Amber Neal
Jim Maloof Realty, Inc.
Buyer's Agent
Amber Neal
Jim Maloof Realty, Inc.
List Price
$176,000
Sold Price
$88,000
Premium/Discount to List
-$88,000
-50%
Current Estimated Value
$146,955

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,955
Original Mortgage
$90,000
Outstanding Balance
$68,401
Interest Rate
4%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Kcmc Inc $88,000 Heyl Royster Voelker & Allen
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kcmc Inc $90,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/25/2021 02/25/21 Sold $88,000 -50.0% --
12/16/2020 12/16/20 Pending -- -- --
07/26/2019 07/26/19 For Sale $176,000 -- --
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 $3,618 $46,155 $6,190 $39,965
2023 $3,341 $41,974 $5,629 $36,345
2022 $2,759 $34,188 $5,165 $29,023
2021 $1,360 $16,590 $5,085 $11,505
2020 $1,332 $16,178 $4,959 $11,219
2019 $1,361 $16,974 $5,203 $11,771
2018 $1,329 $16,322 $5,003 $11,319
2017 $1,328 $16,160 $4,953 $11,207
2016 $1,349 $16,323 $5,003 $11,320
2015 $670 $16,521 $5,064 $11,457
2014 $670 $16,521 $5,064 $11,457
2013 $670 $16,391 $5,024 $11,367
Source: Public Records

Agents Affiliated with this Home

  • Amber Neal

    Seller's Agent in 2021

    Amber Neal

    Jim Maloof Realty, Inc.

    (309) 696-9310

    143 Total Sales

    Amber Neal
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Map

Source: RMLS Alliance

MLS Number: RMAPA1207274

RMLS Alliance

APN: 07-01-320-004

Illinois Woodford County Spring Bay 61611

1606 N Tremont St, Spring Bay, IL

Not Listed for Sale

Other

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