NOT LISTED FOR SALE

205 Palm Ave Rockford, IL 61107

Palmwood Neighborhood

Estimated Value: $234,000 - $304,000

4 Beds
2 Baths
1,412 Sq Ft
$180/Sq Ft Est. Value

Last Sold December 30, 2016

Last sale price $117,500 $83 Per Sq Ft

Est. 117% increase in value since last sale

Current estimated payment $1,805/month

212 Days on Market

Highlights

  • Wooded Lot
  • Patio
  • Water Softener
  • Skylights
  • Forced Air Heating and Cooling System
  • Wood Siding

About This Home

As of December 2016

Exceptional quality throughout this architect designed, custom home, offering nostalgic flare. Over 2400 sq. ft., nestled on .37 acre, wooded lot in quiet, yet convenient neighborhood. Each level has 2 bedrooms and a full bath. Lower level also provides family room with walk-out, laundry/utility room and under stairs storage. Upper has great living space, enhanced by gorgeous view of park like yard, soaring ceilings, fireplace and kitchen with newer appliances. Ideal home for the family.

Last Agent to Sell the Property

Mike Lunde

Gambino Realtors License #475129518 Listed on: 05/02/2016

Co-Listed By

Christine Smith

Real Broker, LLC License #475152617

Last Buyer's Agent

Kathy Heeren-Ellis

Gambino Realtors License #475169546

Gambino Realtors

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,164

Year Built

  • Built in 1967

Lot Details

  • 0.37 Acre Lot
  • Wooded Lot

Home Design

  • Bi-Level Home
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • Skylights
  • Wood Burning Fireplace
  • Basement Fills Entire Space Under The House

Kitchen

  • Stove
  • Gas Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Garage
  • Driveway

Outdoor Features

  • Patio

Schools

  • Maud E Johnson Elementary School
  • Abraham Lincoln Middle School
  • Rockford East High School

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater
  • Water Softener

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,164

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Type: Wooded
  • Additional Room 5: Foyer, Dimensions: 10x12
  • Appliances That Stay or Are Included: Disposal, Dishwasher, Dryer, Refrigerator, Stove/Cooktop, Washer, Water Softener
  • Class: HOUSE
  • Estimated Above Grade Sq Ft: 1412
  • Estimated Below Grade Finished Sq Ft: 1048
  • Front: 70
  • General Features: L.L. Finished Space, Patio, Skylight(s)
  • Legal Description: Beg N Ln Lot 2 Frank Palms Subd Extd to E Ln Palm Ave
  • Lot Acreage: 0.37
  • Lvt Date: 05/02/2016
  • Number of Lower Level Full Bathrooms: 1
  • Number of Upper Level Full Bathrooms: 1
  • Rear: 70
  • Side 1: 231
  • Side 2: 231
  • Stove Range Fuel: Gas
  • Style: Bi-Level
  • Type: House
  • Agent Only_ L A1 User Code: 4554
  • Elementary School: Maud E Johnson Elementary
  • Garage Type Driveway: Attached
  • Pertinent Facts: Exceptional quality throughout this architect designed, custom home, offering nostalgic flare. Over 2400 sq. ft., nestled on .37 acre, wooded lot in quiet, yet convenient neighborhood. Each level has 2 bedrooms and a full bath. Lower level also provides family room with walk-out, laundry/utility room and under stairs storage. Upper has great living space, enhanced by gorgeous view of park like yard, soaring ceilings, fireplace and kitchen with newer appliances. Ideal home for the family.
  • L O2 Brokerage Number: 478003863
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 4
  • Basement Type: Full
  • Master Bedroom: Dimensions: 12x14.3, On Level: Upper
  • Fireplace Type: Wood
  • Bedroom 2: Dimensions: 11x13.1, On Level: Upper
  • Bedroom 3: Dimensions: 13.3x12.9, On Level: Lower
  • Bedroom 4: Dimensions: 9.5x11.7, On Level: Lower
  • Dining Room: Yes, On Level: Upper, Dimensions: 15.5x10.5
  • Fireplace: Yes
  • Full Bathrooms: 2
  • Kitchen: Dimensions: 15.9x8.6, On Level: Upper
  • Living Room: Yes, On Level: Upper, Dimensions: 17.8x14
  • Recreation Room: Yes, On Level: Walk Out, Dimensions: 17.6x18.4
  • Total Bathrooms: 2
  • Basement: Yes

Exterior Features

  • Exterior: Wood
  • Roof: Shingle

Garage/Parking

  • Garage: 2

Utilities

  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: City/Community
  • Water: City/Community
  • Water Heater: Gas

Building Info

  • Year Built: 1967

Tax Info

  • Year: 2015
  • Taxes: 6164

MLS Schools

  • HighSchool: Rockford East High
  • School District: Rockford 205
  • Middle School: Abraham Lincoln Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 15, 2023
Sold by
Olson Diana
Bought by
Olson Guy
Current Estimated Value
$254,734

Purchase Details

Listed on
May 2, 2016
Closed on
Dec 30, 2016
Sold by
Pearson Trust 2006
Bought by
Olson Guy and Olson Diane
Seller's Agent
Mike Lunde
Gambino Realtors
Buyer's Agent
Kathy Heeren-Ellis
Gambino Realtors
List Price
$152,000
Sold Price
$117,500
Premium/Discount to List
-$34,500
-22.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.10%
Original Mortgage
$69,000
Interest Rate
4.12%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Olson Guy -- None Listed On Document
Olson Guy $117,500 Title Underwriters Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Olson Guy $69,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/30/2016 12/30/16 Sold $117,500 -22.7% $83 / Sq Ft
11/30/2016 11/30/16 Pending -- -- --
05/02/2016 05/02/16 For Sale $152,000 -- $108 / 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 $5,585 $69,936 $6,930 $63,006
2023 $5,261 $61,667 $6,111 $55,556
2022 $0 $55,119 $5,462 $49,657
2021 $4,601 $50,540 $5,008 $45,532
2020 $4,472 $47,778 $4,734 $43,044
2019 $5,029 $45,538 $4,512 $41,026
2018 $5,715 $42,907 $4,253 $38,654
2017 $5,202 $41,063 $4,070 $36,993
2016 $6,087 $40,294 $3,994 $36,300
2015 $6,164 $40,294 $3,994 $36,300
2014 $2,423 $39,288 $5,004 $34,284
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2016

    Mike Lunde

    Gambino Realtors

    Section Image
  • Christine Smith

    Seller Co-Listing Agent in 2016

    Christine Smith

    Real Broker, LLC

    (815) 978-6519

    6 in this area

    119 Total Sales

    Christine Smith
    Section Image
  • Kathy Heeren-Ellis

    Buyer's Agent in 2016

    Kathy Heeren-Ellis

    Gambino Realtors

    (815) 708-4061

    152 Total Sales

    Kathy Heeren-Ellis
    Section Image
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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 201602456

NorthWest Illinois Alliance of REALTORS®

APN: 12-19-456-011

Illinois Winnebago County Rockford 61107 Palmwood

205 Palm Ave, Rockford, IL

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NorthWest Illinois Alliance of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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