NOT LISTED FOR SALE

1620 Rainbow Bend Bourbonnais, IL 60914

Estimated Value: $321,176 - $383,000

3 Beds
2 Baths
1,600 Sq Ft
$218/Sq Ft Est. Value

Last Sold June 28, 2024

Last sale price $360,000 $225 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $2,179/month

86 Days on Market

Highlights

  • New Construction
  • 2 Car Attached Garage
  • Central Air
  • St. George Elementary School Rated A-
  • 1-Story Property

About This Home

As of June 2024

Brand new 2023 ranch home. Spacious open floor plan and a split lay out. 3 bedroom 2 bathroom with basement has 3rd bath roughed in basement. Lot size 80 x 130 front yard is sodded and landscaped. Backyard seeded for future greenery. Goodman condensing furnace 90 plus efficient ensuring your comfort while minimizing energy costs. The on demand tankless water heater adds to the efficiency and convenience. 6 inch exterior walls framing enhances insulation, promoting energy conservation. 220 electric hook up the garage makes this home electric car friendly. Home is radon prevention ready with plumbing and electric in place to complete radon prevention only a simple fan is needed. A brick mailbox is installed. 1 year builders home warranty.

Last Agent to Sell the Property

Carol Eades

Coldwell Banker Realty License #475139619 Listed on: 03/12/2024

Coldwell Banker Realty

Last Buyer's Agent

Connie Ferris

New Chapter Real Estate License #475187508

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2023 | New Construction

Lot Details

  • Lot Dimensions are 80x130
  • Property is zoned SINGL

Parking

  • 2 Car Attached Garage
  • Driveway

Interior Spaces

  • 1,600 Sq Ft Home
  • 1-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Full Bathrooms

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Home Details

Home Type

Single Family

Year Built

Built in 2023 | New Construction

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple
  • New Construction: Yes
  • Property Sub-Type: 1 Story
  • Year Built: 2023
  • Age: NEW Ready for Occupancy
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • SomePhotosVirtuallyStaged: No
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Basement: Full
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • LivingArea: 1600
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Builder

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 4
  • Driveway: Concrete
  • Garage On-Site: Yes
  • Garage Type: Attached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Lot Info

  • Lot Dimensions: 80X130
  • Zoning: SINGL
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 21

Tax Info

  • Tax Annual Amount: 13.44
  • Tax Year: 2022
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2024
Closed on
Jun 18, 2024
Sold by
First Nations Bank
Bought by
Rapp Zachary T and Dexter Olivia F
Seller's Agent
Carol Eades
Coldwell Banker Realty
Buyer's Agent
Connie Ferris
New Chapter Real Estate
List Price
$354,900
Sold Price
$360,000
Premium/Discount to List
$5,100
1.44%
Views
125
Current Estimated Value
$348,044

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,956
Avg. Annual Appreciation
-2.24%
Original Mortgage
$342,000
Outstanding Balance
$337,636
Interest Rate
7.02%
Mortgage Type
New Conventional
Estimated Equity
$10,408

Purchase Details

Closed on
Aug 29, 2022
Sold by
Trust Number 809
Bought by
Trust 1926
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
Rapp Zachary T $360,000 Standard Title
Trust 1926 -- Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rapp Zachary T $342,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2024 06/28/24 Sold $360,000 +1.4% $225 / Sq Ft
06/07/2024 06/07/24 Pending -- -- --
06/05/2024 06/05/24 For Sale $354,900 0.0% $222 / Sq Ft
03/25/2024 03/25/24 Pending -- -- --
03/12/2024 03/12/24 For Sale $354,900 -- $222 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $4,260 $59,211 $8,751 $50,460
2023 $13 $160 $160 $0
2022 $13 $160 $160 $0
2021 $14 $160 $160 $0
2020 $14 $160 $160 $0
2019 $14 $160 $160 $0
2018 $14 $160 $160 $0
2017 $15 $160 $160 $0
2016 $15 $160 $160 $0
2015 $15 $160 $160 $0
2014 $14 $160 $160 $0
2013 -- $160 $160 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12002256

Midwest Real Estate Data (MRED)

APN: 17-09-15-309-002