NOT LISTED FOR SALE

21 Colony Ln Galena, IL 61036

Estimated Value: $271,000 - $324,000

3 Beds
3 Baths
2,232 Sq Ft
$132/Sq Ft Est. Value

Last Sold June 23, 2014

Last sale price $137,000 $61 Per Sq Ft

Est. 138% increase in value since last sale

Current estimated payment $2,200/month

182 Days on Market

Highlights

  • Deck
  • Wooded Lot
  • Covered patio or porch
  • Galena Primary School Rated A-
  • Main Floor Primary Bedroom
  • Log Cabin

About This Home

As of June 2014

(js48) BEING SOLD AS IS. A charming and spacious 3bed/3 bath log home nestled into the trees on a centrally located lot. This home has so much curb appeal with the covered front porch, etched wood front door, aggregate sidewalk and period lighting in the back yard. The interior of the home has a rustic feel with a great room that is warm and inviting, vaulted wood ceiling, stately rock fireplace and a generous 3 season room. The wood detailed design above the fireplace and also on the wall in the sun room blend well with the rustic interior. Two bedrooms and 2 baths are located on the main level and another bedroom with a unique ceiling design and bath are in the lower level. The “bar room” could easily be converted back to an additional bedroom. Newer features of the home include” carpet on main level, exterior stained in April 2013, roof 2011, A/C 2012. A recent home inspection was performed on the home by Tri-State Home Inspections and is available for viewing. The furniture is available on a separate bill of sale at time of closing. Home is on central sewer and water. The annual Property Owner's Association dues for 2014 have been paid by the seller and will not be prorated at time of closing.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,201

Year Built

  • Built in 1984

Lot Details

  • 0.31 Acre Lot
  • Property fronts a county road
  • Wooded Lot

HOA Fees

  • $90 Monthly HOA Fees

Parking

  • Gravel Driveway

Home Design

  • Log Cabin
  • Shingle Roof
  • Log Siding

Interior Spaces

  • Wood Burning Fireplace

Kitchen

  • Stove
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Laundry in Basement

Outdoor Features

  • Deck
  • Covered patio or porch

Schools

  • Galena Elementary And Middle School
  • Galena High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Propane
  • Gas Tank Leased
  • Electric Water Heater

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,201

Year Built

Built in 1984

Lot Details

0

HOA Fees

$90 per month

Listing Details

  • Road Frontage: County/City Road, Hard Surface Road
  • Type: Wooded
  • Electric: Circuit Breaker
  • Additional Room 6: Lower, On Level: Lower
  • Additional Room 7: Main, On Level: Main
  • Appliances That Stay or Are Included: Disposal, Dishwasher, Dryer, Refrigerator, Stove/Cooktop, Washer, LP Gas Tank Rented
  • Class: HOUSE
  • Estimated Above Grade Sq Ft: 1116
  • Estimated Below Grade Finished Sq Ft: 1116
  • Front: 101.74
  • General Features: Deck, Laundry Basement, Porch 3 Season, Porch Covered
  • Grid: Galena Territory
  • Hoa Fee Frequency: Yearly
  • Lot Acreage: 0.31
  • Rear: 147.85
  • Side 1: 194.13
  • Side 2: 131.29
  • Style: Log Home
  • Type: House
  • Agent Only_ L A1 User Code: F_116
  • Elementary School: Galena
  • Estimated Total Finished Sq Ft: 2232
  • Garage Type Driveway: Gravel, None
  • Pertinent Facts: (js48) BEING SOLD AS IS. A charming and spacious 3bed/3 bath log home nestled into the trees on a centrally located lot. This home has so much curb appeal with the covered front porch, etched wood front door, aggregate sidewalk and period lighting in the back yard. The interior of the home has a rustic feel with a great room that is warm and inviting, vaulted wood ceiling, stately rock fireplace and a generous 3 season room. The wood detailed design above the fireplace and also on the wall in the sun room blend well with the rustic interior. Two bedrooms and 2 baths are located on the main level and another bedroom with a unique ceiling design and bath are in the lower level. The “bar room” could easily be converted back to an additional bedroom. Newer features of the home include” carpet on main level, exterior stained in April 2013, roof 2011, A/C 2012. A recent home inspection was performed on the home by Tri-State Home Inspections and is available for viewing. The furniture is available on a separate bill of sale at time of closing. Home is on central sewer and water. The annual Property Owner's Association dues for 2014 have been paid by the seller and will not be prorated at time of closing.
  • Rental License: No
  • Designated Managing Broker Y N: No
  • L O1 Brokerage Number: 478027388
  • S O1 Brokerage Number: 478027388
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 3
  • Basement Type: Full
  • Master Bedroom: On Level: Main
  • Fireplace Type: Wood
  • Basement: Basement Entrance, Finished
  • Bedroom 2: On Level: Main
  • Bedroom 3: On Level: Lower
  • Dining Room: On Level: Main
  • Family Room: On Level: Lower
  • Fireplace: Yes
  • Full Bathrooms: 3
  • Kitchen: On Level: Main
  • Living Room: On Level: Main
  • Number Of Fireplaces: 1
  • Price Per Sq Ft: 61.38
  • Total Bathrooms: 3
  • Basement: Yes

Exterior Features

  • Exterior: Log
  • Roof: Shingle

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Propane
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA Fees: 1079

Schools

  • School District: Galena
  • Elementary School: Galena
  • Middle School: Galena
  • High School: Galena
  • Elementary School #2: Galena

Building Info

  • Year Built: 1984

Tax Info

  • Year: 2012
  • Taxes: 3201

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2013
Closed on
Jun 23, 2014
Sold by
Burg Jo E
Bought by
Lazore Gerald and Lazore Kelly
List Price
$197,000
Sold Price
$137,000
Premium/Discount to List
-$60,000
-30.46%
Current Estimated Value
$325,832

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$188,832
Avg. Annual Appreciation
8.20%
Original Mortgage
$175,781
Outstanding Balance
$137,174
Interest Rate
3.25%
Mortgage Type
VA
Estimated Equity
$192,460
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
Lazore Gerald $137,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lazore Gerald $175,781
Closed Lazore Gerald $174,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2014 06/23/14 Sold $137,000 -30.5% $61 / Sq Ft
05/08/2014 05/08/14 Pending -- -- --
11/07/2013 11/07/13 For Sale $197,000 -- $88 / 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 -- $72,616 $6,215 $66,401
2023 -- $59,235 $5,070 $54,165
2022 $0 $50,516 $4,324 $46,192
2021 $0 $46,731 $4,000 $42,731
2020 $2,370 $45,861 $3,994 $41,867
2019 $2,353 $45,861 $3,994 $41,867
2018 $2,299 $45,930 $4,000 $41,930
2017 $2,440 $45,930 $4,000 $41,930
2016 $2,209 $43,487 $6,645 $36,842
2015 $2,399 $43,487 $6,645 $36,842
2014 $3,268 $46,832 $7,086 $39,746
Source: Public Records

Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 113459

NorthWest Illinois Alliance of REALTORS®

APN: 06-412-018-00