NOT LISTED FOR SALE

Estimated Value: $473,000 - $741,000

2 Acres
$334,214 Price per Acre
87,120 Sq Ft Lot

Last Sold April 05, 2024

Last sale price $850,000

Est. 20% decrease in value since last sale

Current estimated payment $5,180/month

144 Days on Market

Highlights

  • 2 Acre Lot
  • Washington Elementary School Rated A
  • Senior Tax Exemptions

About This Lot

As of April 2024

The potential for this property is endless! 2 acres of prime north side Wheaton land that has the potential to develop into as many as 12 lots! Public sewer is available on both streets that border this acreage and city water is just a few blocks away. The investor/developer also may have the potential to recoup money invested in bringing water to the site by charging others a "tap in" fee. The property also is within the highly acclaimed Wheaton school district. There are currently 2 homes on the property that could be remodeled, subdivided and sold separately as well. It may even be a great opportunity for a relatives or close friends to live next door to each other. Agents are welcome to bring clients to walk the property, but entry into the 2 homes must be scheduled in advance through ShowingTime. For more information on the 2 homes, see MLS listing number 11901296.

Last Agent to Sell the Property

Roger Rossi

RE/MAX Suburban License #475090601 Listed on: 10/06/2023

RE/MAX Suburban

Last Buyer's Agent

Julie Schwager

@properties Christie's International Real Estate License #475149062

@properties Christie's International Real Estate

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $9,016

Lot Details

  • 2 Acre Lot
  • Lot Dimensions are 335.07x260x335.07x260
  • Property fronts a county road
  • Property is zoned SINGL

Parking

  • Driveway

Laundry

  • Laundry in unit

Schools

  • Washington Elementary School
  • Franklin Middle School
  • Wheaton North High School

Utilities

  • Electricity To Lot Line
  • Gas Available
  • Private Company Owned Well
  • Cable TV Available

Listing and Financial Details

  • Senior Tax Exemptions

Property Details

Property Type

Land

Est. Annual Taxes

$9,016

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Single Family
  • Road Surface Type: Asphalt
  • General Information: School Bus Service,Commuter Train
  • ResoPropertyType: Land
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Development, Residential, Single Family
  • Basement Bathrooms: No

Exterior Features

  • Frontage Length: 335
  • Frontage Type: County Road, Paved
  • List Price: 850000
  • Waterfront: No

Garage/Parking

  • Driveway: Asphalt

Utilities

  • Laundry Features: In Unit
  • Utilities: Electric to Site, Gas to Site, Sanitary Sewer, Water Nearby, Well Private, Cable Available

Schools

  • Elementary School: Washington Elementary School
  • High School: Wheaton North High School
  • Middle/Junior School: Franklin Middle School
  • Middle/Junior School District: 200

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 2
  • Lot Dimensions: 335.07X260X335.07X260
  • Zoning: SINGL
  • Lot Size: 2.0-2.99 Acres
  • Special Assessments: N
  • Estimated Land Sq Ft: 87120
  • Land Description: Level
  • Total Listed Lots Avail: 1

Rental Info

  • Board Number: 10
  • Rental Price: 0

Building Info

  • Building(s) on Land: Yes

Tax Info

  • Tax Annual Amount: 9015.52
  • Tax Year: 2022
  • Tax Exemptions: Senior

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2023
Closed on
Apr 3, 2024
Sold by
John S Choyeski Revocable Trust and Elaine A Choyeski Revocable Trust
Bought by
Falcon Point Llc
Seller's Agent
Roger Rossi
RE/MAX Suburban
Buyer's Agent
Julie Schwager
@properties Christie's International Real Estate
List Price
$1,100,000
Sold Price
$850,000
Premium/Discount to List
-$250,000
-22.73%
Views
424
Current Estimated Value
$676,822

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$173,178
Avg. Annual Appreciation
-15.61%

Purchase Details

Closed on
Jun 26, 1997
Sold by
Choyeski John S and Choyeski Elaine Alice
Bought by
Choyeski John S and Choyeski Elaine A
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
Falcon Point Llc $850,000 Fidelity National Title
Choyeski John S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Falcon Point Llc $196,399
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/05/2024 04/05/24 Sold $850,000 0.0% --
02/28/2024 02/28/24 Pending -- -- --
12/02/2023 12/02/23 Price Changed $850,000 -15.0% --
11/05/2023 11/05/23 Price Changed $999,900 -9.1% --
10/06/2023 10/06/23 For Sale $1,100,000 -- --
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 $17,684 $270,905 $119,808 $151,097
2023 $17,008 $249,360 $110,280 $139,080
2022 $9,016 $235,660 $104,220 $131,440
2021 $15,225 $230,070 $101,750 $128,320
2020 $14,998 $227,920 $100,800 $127,120
2019 $12,038 $173,600 $98,140 $75,460
2018 $9,063 $158,730 $92,470 $66,260
2017 $9,254 $152,880 $89,060 $63,820
2016 $9,516 $146,770 $85,500 $61,270
2015 $9,909 $140,020 $81,570 $58,450
2014 $11,404 $156,740 $81,000 $75,740
2013 $11,012 $157,210 $81,240 $75,970
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11901285

Midwest Real Estate Data (MRED)

APN: 05-05-419-012