NOT LISTED FOR SALE

16510 W 159th St Lockport, IL 60441

Estimated Value: $174,000 - $1,107,000

1.6 Acres
$403,333 Price per Acre
69,696 Sq Ft Lot

Last Sold October 13, 2023

Last sale price $950,000

Est. 32% decrease in value since last sale

Current estimated payment $3,625/month

41 Days on Market

Highlights

  • 1.6 Acre Lot
  • Ludwig Elementary School Rated 10
  • Farm

About This Lot

As of October 2023

Vacant 1.60 acres in Lockport Gateway 355 corridor. 1/4 mile from 355 & 159th interchange across the street from all new Lockport business- Panara, Starbuck, Arbys, Mod pizza and more! This property includes 1.0 acre on 159th with 208' frontage. Sits on 2 pin numbers and these 2 pins can be packaged with another 1.86 acres also if buyer is interested see agent remarks. Don't miss out on this Booming Area!!

Last Agent to Sell the Property

LAURA OREMUS

Coldwell Banker Real Estate Group License #471010416 Listed on: 11/08/2021

Coldwell Banker Real Estate Group

Last Buyer's Agent

Shamus Conneely

john greene Commercial License #471007958

john greene Commercial

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,633

Lot Details

  • 1.6 Acre Lot
  • Lot Dimensions are 208 x 333
  • Property is zoned SINGL

Parking

  • Gravel Driveway

Farming

  • Farm

Utilities

  • Electricity To Lot Line
  • Gas Available
  • Private Company Owned Well
  • Private or Community Septic Tank

Property Details

Property Type

Land

Est. Annual Taxes

$2,633

Lot Details

0

Listing Details

  • Property Type: Farm
  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Single Family
  • Road Surface Type: Asphalt
  • General Information: Interstate Access
  • ResoPropertyType: Farm
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Commercial, Office and Research, Multi-Family, Retail, Zoning Change Required
  • Basement Bathrooms: No

Exterior Features

  • Frontage Length: 208
  • Frontage Type: Public Road
  • List Price: 1200000
  • Waterfront: No

Garage/Parking

  • Number of Cars: 0
  • Driveway: Gravel

Utilities

  • Utilities: Electric to Site, Gas to Site, Septic-Private, Water Nearby, Well Private

Schools

  • Middle/Junior School District: 92

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 1.6
  • Lot Dimensions: 208 X 333
  • Zoning: SINGL
  • Lot Size: 1.0-1.99 Acres
  • Special Assessments: N
  • Total Listed Lots Avail: 2

Rental Info

  • Board Number: 17
  • Rental Price: 0

Building Info

  • Building(s) on Land: No

Tax Info

  • Tax Annual Amount: 2633.42
  • Tax Year: 2022
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2021
Closed on
Oct 3, 2023
Sold by
Continental 646 Fund Llc
Bought by
Mjr/Lockport Iii Real Estate Holding Company
Seller's Agent
LAURA OREMUS
Coldwell Banker Real Estate Group
Buyer's Agent
Shamus Conneely
john greene Commercial
List Price
$1,200,000
Sold Price
$950,000
Premium/Discount to List
-$250,000
-20.83%
Views
6
Current Estimated Value
$645,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$304,667
Avg. Annual Appreciation
-17.50%

Purchase Details

Listed on
Nov 8, 2021
Closed on
Sep 27, 2023
Sold by
Dwyer Patricia
Bought by
Continental 646 Fund Llc
Seller's Agent
LAURA OREMUS
Coldwell Banker Real Estate Group
Buyer's Agent
Shamus Conneely
john greene Commercial
List Price
$1,200,000
Sold Price
$950,000
Premium/Discount to List
-$250,000
-20.83%
Views
6

Purchase Details

Closed on
Mar 10, 1993
Sold by
Heritage Trust Company
Bought by
Dwyer Timothy E and Dwyer Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,300
Interest Rate
7.28%
Mortgage Type
Assumption
Source: Public Records

Range of Values:

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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
Mjr/Lockport Iii Real Estate Holding Company -- None Listed On Document
Continental 646 Fund Llc $950,000 First American Title
Dwyer Timothy E -- Greater Illinois Title Compa
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dwyer Timothy E $129,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/13/2023 10/13/23 Sold $950,000 -20.8% --
12/20/2021 12/20/21 Pending -- -- --
11/08/2021 11/08/21 For Sale $1,200,000 -- --
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 $2,437 $31,382 $31,382 $0
2023 $2,437 $28,446 $28,446 $0
2022 $2,633 $32,018 $32,018 $0
2021 $2,514 $30,334 $30,334 $0
2020 $2,508 $29,218 $29,218 $0
2019 $2,328 $35,760 $28,108 $7,652
2018 $3,322 $48,010 $27,786 $20,224
2017 $3,246 $46,666 $27,008 $19,658
2016 $7,429 $97,813 $26,107 $71,706
2015 $7,121 $94,141 $25,127 $69,014
2014 $7,121 $92,196 $24,608 $67,588
2013 $7,121 $92,196 $24,608 $67,588
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11265902

Midwest Real Estate Data (MRED)

APN: 16-05-18-305-013