NOT LISTED FOR SALE

2 Meadowlark Ln Galena, IL 61036

Estimated Value: $378,000 - $592,000

3 Beds
3.5 Baths
2,280 Sq Ft
$197/Sq Ft Est. Value

Last Sold November 20, 2023

Last sale price $405,000 $178 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $3,241/month

11 Days on Market

Highlights

  • Wooded Lot
  • Vaulted Ceiling
  • Granite Countertops
  • Galena Primary School Rated A-
  • Main Floor Primary Bedroom
  • Forced Air Heating and Cooling System

About This Home

As of November 2023

Stunning 3 bedroom/3.5 bath Galena Territory retreat with 3 car detached garage that combines rustic elegance and a modern flair all in a secluded cul-de-sac location amidst 1.39 beautifully wooded acres (2 lots) that offer incredible privacy, gorgeous natural setting, and scenic wooded views. Inviting covered front porch leads to light and bright main level that features dramatic great room concept featuring living room with soaring cathedral ceilings, beamed accents, windows galore that pull the outside in, and floor to ceiling stone surround gas fireplace, open dining area with wood clad ceiling above and walk-out access to huge screened porch and adjoining deck, gorgeous kitchen with eat-at breakfast bar and granite counters, large pantry, and stainless appliances including gas range, full sized laundry nook, convenient powder room located just inside entry, and spacious master bedroom with more cathedral ceilings, access to an additional private deck, and adjacent master bath with granite-topped double vanity. Descend to the finished walk-out lower level to find a generous family room with direct access to rear patio and plenty of room for relaxation, recreation and entertaining, two comfortable guest suites each with its own nicely appointed full bath and access to the aggregate patio and rear yard. The perfect property to enjoy the outdoors and surrounding nature with the combination screened porch, two main level decks, inviting covered front porch, and lower-level patio. Detached 3 car garage has ample room for vehicles and storage, and features staired access to huge unfinished storage area above. Attractive landscaping with a multitude of plantings highlights the exterior. Property is convenient to Galena Territory Owners' Club with indoor pool, outdoor pool, fitness facility, game room, multi-sport gym and outdoor tennis, tranquil Lake Galena, miles of nature trails, and the 63 holes of championship golf, fine and casual dining, and spa facilities of Eagle Ridge Resort and Spa. Quick access to Galena by way of Stagecoach Trail. Sold furnished with some exclusions and to be transferred via separate bill of sale. Total acreage is a combination of both lots. Truly a captivating property!

Last Agent to Sell the Property

Damon Heim

COLDWELL BANKER NETWORK REALTY License #471000758 Listed on: 10/05/2023

COLDWELL BANKER NETWORK REALTY

Last Buyer's Agent

Peter Brennan

COLDWELL BANKER NETWORK REALTY License #471008765

COLDWELL BANKER NETWORK REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,923

Year Built

  • Built in 1999

Lot Details

  • 1.39 Acre Lot
  • Wooded Lot

HOA Fees

  • $227 Monthly HOA Fees

Home Design

  • Shingle Roof
  • Siding
  • Cedar

Interior Spaces

  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Basement Fills Entire Space Under The House

Kitchen

  • Stove
  • Gas Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Dryer
  • Washer

Parking

  • 3 Car Garage
  • Driveway

Schools

  • Galena Elementary And Middle School
  • Galena High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Propane
  • Gas Water Heater
  • Septic System

Community Details

  • Association fees include pool access, clubhouse

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,923

Year Built

Built in 1999

Lot Details

0

HOA Fees

$227 per month

Listing Details

  • Interior Amenities: Ceiling Fans/Remotes, Ceiling-Vaults/Cathedral, Countertop-Granite
  • Road Frontage: Hard Surface Road
  • Type: Wooded
  • Electric: Circuit Breaker
  • Appliances That Stay or Are Included: Dishwasher, Dryer, Microwave, Refrigerator, Stove/Cooktop, Washer
  • Class: HOUSE
  • Estimated Above Grade Sq Ft: 1140
  • Estimated Below Grade Finished Sq Ft: 1140
  • Exemptions: Owner, Senior
  • Fee Includes: Pool Access, Clubhouse
  • Front: 87.97
  • General Features: Main Floor Master
  • Grid: Galena Territory
  • Hoa Fee Frequency: Yearly
  • Legal Description: To follow on deed at closing.
  • Lot Acreage: 1.39
  • Number of Lower Level Full Bathrooms: 2
  • Number of Main Level Full Bathrooms: 1
  • Number of Main Level Half Bathrooms: 1
  • Rear: 269.35
  • Side 1: 189.32
  • Side 2: 123.06
  • Stove Range Fuel: Gas
  • Type: House
  • Agent Only_ L A1 User Code: F_530
  • Egress: Yes
  • Elementary School: Galena
  • Estimated Total Finished Sq Ft: 2280
  • Garage Type Driveway: Asphalt, Detached, Concrete
  • Hold Earnest Money Y N: Yes
  • Pertinent Facts: Stunning 3 bedroom/3.5 bath Galena Territory retreat with 3 car detached garage that combines rustic elegance and a modern flair all in a secluded cul-de-sac location amidst 1.39 beautifully wooded acres (2 lots) that offer incredible privacy, gorgeous natural setting, and scenic wooded views. Inviting covered front porch leads to light and bright main level that features dramatic great room concept featuring living room with soaring cathedral ceilings, beamed accents, windows galore that pull the outside in, and floor to ceiling stone surround gas fireplace, open dining area with wood clad ceiling above and walk-out access to huge screened porch and adjoining deck, gorgeous kitchen with eat-at breakfast bar and granite counters, large pantry, and stainless appliances including gas range, full sized laundry nook, convenient powder room located just inside entry, and spacious master bedroom with more cathedral ceilings, access to an additional private deck, and adjacent master bath with granite-topped double vanity. Descend to the finished walk-out lower level to find a generous family room with direct access to rear patio and plenty of room for relaxation, recreation and entertaining, two comfortable guest suites each with its own nicely appointed full bath and access to the aggregate patio and rear yard. The perfect property to enjoy the outdoors and surrounding nature with the combination screened porch, two main level decks, inviting covered front porch, and lower-level patio. Detached 3 car garage has ample room for vehicles and storage, and features staired access to huge unfinished storage area above. Attractive landscaping with a multitude of plantings highlights the exterior. Property is convenient to Galena Territory Owners' Club with indoor pool, outdoor pool, fitness facility, game room, multi-sport gym and outdoor tennis, tranquil Lake Galena, miles of nature trails, and the 63 holes of championship golf, fine and casual dining, and spa facilities of Eagle Ridge Resort and Spa. Quick access to Galena by way of Stagecoach Trail. Sold furnished with some exclusions and to be transferred via separate bill of sale. Total acreage is a combination of both lots. Truly a captivating property!
  • Rental License: No
  • Designated Managing Broker Y N: No
  • Estimated Above Grade Sq Ft: 1140
  • L O1 Brokerage Number: 478010163
  • S O1 Brokerage Number: 478010163
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 3
  • Basement Type: Full
  • Master Bedroom: Dimensions: 13'6x12'0, On Level: Main
  • Fireplace Type: Gas
  • Bedroom 2: Dimensions: 17'2x12'8, On Level: Lower
  • Bedroom 3: Dimensions: 17'3x13'5, On Level: Lower
  • Dining Room: Yes, On Level: Main, Dimensions: 13'6x10'0
  • Family Room: Yes, On Level: Lower, Dimensions: 15'9x15'3
  • Fireplace: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Kitchen: Dimensions: 12'8x11'2, On Level: Main
  • Living Room: Yes, On Level: Main, Dimensions: 18'0x15'2
  • Number Of Fireplaces: 1
  • Price Per Sq Ft: 177.63
  • Total Bathrooms: 3.5
  • Basement: Yes

Exterior Features

  • Exterior: Siding, Cedar
  • Roof: Shingle

Garage/Parking

  • Garage: 3

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Propane
  • Sewer: Septic
  • Water: City/Community
  • Water Heater: LP Gas

Condo/Co-op/Association

  • HOA Fees: 2720

Schools

  • School District: Galena
  • Elementary School: Galena
  • Middle School: Galena
  • High School: Galena

Building Info

  • Year Built: 1999

Tax Info

  • Year: 2022
  • Taxes: 4923

MLS Schools

  • HighSchool: Galena
  • School District: Galena
  • Middle School: Galena

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2023
Closed on
Nov 20, 2023
Sold by
Ferraro Kenneth C and Ferraro Marie C
Bought by
Kane Lawrence J
Seller's Agent
Damon Heim
COLDWELL BANKER NETWORK REALTY
Buyer's Agent
Peter Brennan
COLDWELL BANKER NETWORK REALTY
List Price
$415,000
Sold Price
$405,000
Premium/Discount to List
-$10,000
-2.41%
Views
19
Current Estimated Value
$448,139

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,139
Avg. Annual Appreciation
6.39%
Original Mortgage
$324,000
Outstanding Balance
$319,905
Interest Rate
7.75%
Mortgage Type
Construction
Estimated Equity
$133,463
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
Kane Lawrence J $405,000 Wilkinson Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kane Lawrence J $324,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2023 11/20/23 Sold $405,000 -2.4% $178 / Sq Ft
10/16/2023 10/16/23 Pending -- -- --
10/05/2023 10/05/23 For Sale $415,000 -- $182 / Sq Ft
Source: NorthWest Illinois Alliance of REALTORS®

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 $7,516 $108,710 $6,215 $102,495
2023 $5,504 $88,678 $5,070 $83,608
2022 $5,504 $75,625 $4,324 $71,301
2021 $4,536 $69,958 $4,000 $65,958
2020 $4,473 $67,598 $3,994 $63,604
2019 $4,441 $67,598 $3,994 $63,604
2018 $4,347 $67,700 $4,000 $63,700
2017 $4,258 $67,700 $4,000 $63,700
2016 $4,132 $67,081 $4,412 $62,669
2015 $4,141 $67,081 $4,412 $62,669
2014 $4,225 $71,535 $4,705 $66,830
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202305847

NorthWest Illinois Alliance of REALTORS®

APN: 06-203-003-00