NOT LISTED FOR SALE

1705 E Highway 50 O Fallon, IL 62269

Estimated Value: $422,000 - $584,858

3 Beds
3.5 Baths
3,280 Sq Ft
$147/Sq Ft Est. Value

Last Sold June 09, 2021

Last sale price $425,000 $130 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $3,523/month

53 Days on Market

Highlights

  • Water Views
  • 8.8 Acre Lot
  • Lake, Pond or Stream
  • Kampmeyer Elementary School Rated A-
  • Living Room with Fireplace
  • Backs to Trees or Woods

About This Home

As of June 2021

3 bedroom home on 8.8 acres with a partial lake and a pole barn. Walkout basement. This home is bank owned and is being sold as is. Bank will not do any repairs and home has not passed city occupancy inspection. Cash or conventional financing only. Property is currently zoned B1. All information including Square Foot is to be verified by Buyer.

Last Agent to Sell the Property

Chad Holland

CR Holland Real Estate LLC License #471010853 Listed on: 04/15/2021

Last Buyer's Agent

Janell Schmittling

Homes By Janell License #471.020450

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,677

Year Built

  • Built in 1988

Lot Details

  • 8.8 Acre Lot
  • Lot Dimensions are 240x658x224x416x493x242x1451
  • Backs to Trees or Woods

Parking

  • 2 Car Attached Garage

Interior Spaces

  • 2-Story Property
  • Fireplace With Gas Starter
  • Living Room with Fireplace
  • 2 Fireplaces
  • Water Views

Bedrooms and Bathrooms

  • 3 Bedrooms

Partially Finished Basement

  • Basement Ceilings are 8 Feet High
  • Fireplace in Basement

Outdoor Features

  • Lake, Pond or Stream
  • Pole Barn
  • Outbuilding

Schools

  • Ofallon Dist 90 Elementary And Middle School
  • Ofallon High School

Utilities

  • Cooling System Powered By Gas
  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater
  • Septic System

Community Details

  • Recreational Area

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Assessor Parcel Number 04-33.0-200-034

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,677

Year Built

Built in 1988

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Style: 2 Story
  • Municipality Township: O'Fallon
  • Special Description: No Exemptions
  • Age: 33
  • Ownership: Bank
  • Year Built: 1988
  • Special Features: 20
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Basement: 8 ft + pour, Partially Finished, Rec/Family Area
  • Fireplace Location: Basement, Living Room
  • Fireplace Type: Gas Starter Fireplc.
  • Lower Full Bathrooms: 1
  • Main Half Bathrooms: 1
  • Total Living Area: 3280.00
  • Bathrooms: 4.00
  • Bedrooms: 3.00
  • Square Footage: 2480
  • Square Footage Below Grade: 800
  • Total Full Baths: 3
  • Total Half Baths: 1
  • Number Fireplaces: 2

Garage/Parking

  • Garage Spaces: 2
  • Parking: Attached Garage

Utilities

  • Sewer: Septic
  • Water: Public
  • Water Heater: Gas
  • Cooling: Central-Gas
  • Heating: Forced Air

Schools

  • School District: O Fallon DIST 90
  • Elementary School: OFALLON DIST 90
  • Middle School: OFALLON DIST 90
  • High School: OFallon
  • Elementary School: OFALLON DIST 90
  • Junior High School: OFALLON DIST 90
  • School District: O Fallon DIST 90
  • Senior High School: OFallon

Lot Info

  • Lot Description: Backs to Trees/Woods, Pond/Lake, Water View
  • Lot Dimensions: 240x658x224x416x493x242x1451
  • Lot Sq Ft: 383328
  • Acres: 8.8000

Building Info

  • Buildings: Outbuilding, Pole Barn(s)

Tax Info

  • Taxes Paid: 10117
  • Taxes Paid Year: 2019
  • Assessor Parcel Number: 04-33.0-200-034

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2021
Closed on
Jun 9, 2021
Sold by
Bank Of Ofallon
Bought by
Mitchell Jamie and Krausz Kevin
Seller's Agent
Chad Holland
CR Holland Real Estate LLC
Buyer's Agent
Janell Schmittling
Homes By Janell
List Price
$450,000
Sold Price
$425,000
Premium/Discount to List
-$25,000
-5.56%
Current Estimated Value
$480,965

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,965
Avg. Annual Appreciation
2.90%
Original Mortgage
$375,000
Outstanding Balance
$153,538
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$327,427

Purchase Details

Closed on
Dec 19, 2017
Sold by
The Private Sales Corporation
Bought by
Bank Of O Fallon

Purchase Details

Closed on
Jun 20, 2008
Sold by
T Bow Inc
Bought by
Bow Thomas A and Bow Nicole M
Source: Public Records

Range of Values:

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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
Mitchell Jamie $425,000 Accommodation
Bank Of O Fallon -- None Available
Bow Thomas A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mitchell Jamie $375,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2021 06/09/21 Sold $425,000 -5.6% $130 / Sq Ft
04/15/2021 04/15/21 For Sale $450,000 -- $137 / Sq Ft
Source: MARIS MLS

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 $11,677 $160,195 $52,442 $107,753
2023 $10,772 $142,181 $46,545 $95,636
2022 $10,188 $130,717 $42,792 $87,925
2021 $10,411 $131,136 $42,929 $88,207
2020 $10,340 $124,131 $40,636 $83,495
2019 $10,118 $124,131 $40,636 $83,495
2018 $9,858 $120,527 $39,456 $81,071
2017 $8,005 $94,350 $15,808 $78,542
2016 $7,982 $92,148 $15,439 $76,709
2014 $7,393 $91,082 $15,260 $75,822
2013 -- $89,684 $15,026 $74,658
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MARIS MLS

MLS Number: MIS21023081

MARIS MLS

APN: 04-33.0-200-034