$125,000
SOLD JUL 28, 2016

218 W Walnut St Chillicothe, IL 61523

-- Bed
-- Bath
-- Sq Ft
6,534 Sq Ft Lot

Recently Sold

36% Below List Price

53 Days on Market

About This Home

As of July 2021

Commercial building, with an income producing 3 bedroom, 1 bath apartment upstairs, located near downtown Chillicothe. New roof in 2007, new concrete parking lot in 2009, new windows upstairs in 2009, newly remodeled kitchen upstairs in 2009. Fully equipped auto repair shop on ground floor with in floor center post hydraulic hoist and oil changing/wheel alinement pit. Two 8' overhead doors in front and one 10' overhead door in rear. Auto repair tools and equipment purchased separately.

Last Listed By

Irvin Latta

Jim Maloof/REALTOR License #471000279 Listed on: 02/04/2016

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $374

Year Built

  • Built in 1900

Utilities

  • Forced Air Heating and Cooling System
  • Partial Air Conditioning Available
  • Heating System Uses Gas

Property Details

Property Type

Other

Est. Annual Taxes

$374

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Office, Retail
  • Exemptions: HRE
  • Lvt Date: 02/06/2016
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Wood
  • Maximum Ceiling Ht Feet: 12
  • Maximum Ceiling Ht Inch: 144
  • Total Building Sq Ft: 2920
  • Estimated Lot Sq Ft: 40.8 x 165

Exterior Features

  • Exterior Finish: Wood Siding
  • Frontage Access: Inside Lot, City Street
  • Insulation: Roof, Side Walls
  • Roof Construction: Comp Shingle
  • Wall Construction: Frame

Garage/Parking

  • Numberparking Spaces Allocated: 10

Utilities

  • Cooling: Central Air, Partial
  • Heating: Forced Air, Gas
  • Water Supply: Municipal/City

Association/Amenities

  • Amenities: Cable

Lot Info

  • Estimated Number of Acres: 0.15
  • Zoning: Commercial
  • Geo Subdivision: IL

Rental Info

  • Lease Type: Gross
  • Owner Pays: N/A
  • Sale Lease Includes: Building, Business, Land, Sale/Lease Other
  • Tenant Pays: N/A
  • Terms Lease: N/A

Tax Info

  • Annual Taxes: 374.24
  • Parcel Id Number Tax Id: 0520486002
  • Tax Incentive: TIF District
  • Tax Year: 2014

Multi Family

  • Expenses: H

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2021
Closed on
Jul 13, 2021
Sold by
Chad Kirman
Bought by
Lightner Enterprises Llc
Seller's Agent
Mike O'Bryan
RE/MAX Traders Unlimited
Buyer's Agent
Mike O'Bryan
RE/MAX Traders Unlimited
List Price
$174,900
Sold Price
$120,000
Premium/Discount to List
-$54,900
-31.39%
Total Days on Market
53
Current Estimated Value
$145,745

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,745
Avg. Annual Appreciation
5.77%
Original Mortgage
$108,000
Outstanding Balance
$98,839
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$50,577

Purchase Details

Listed on
Feb 4, 2016
Closed on
Jul 28, 2016
Sold by
Dunbar Jeffrey L and Dunbar Sandra D
Bought by
Kirman Chad
Seller's Agent
Irvin Latta
Jim Maloof/REALTOR
List Price
$195,000
Sold Price
$125,000
Premium/Discount to List
-$70,000
-35.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.82%
Original Mortgage
$45,000
Interest Rate
3.54%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Warranty Deed $120,000 Laukitis Law Office Ltd
Grant Deed $123,000 Attorney Only
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $108,000 New Conventional
Previous Owner $45,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/13/2021 07/13/21 Sold $120,000 -25.0% --
05/19/2021 05/19/21 Price Changed $159,900 -8.6% --
04/26/2021 04/26/21 For Sale $174,900 +39.9% --
07/28/2016 07/28/16 Sold $125,000 -35.9% --
03/28/2016 03/28/16 Pending -- -- --
02/04/2016 02/04/16 For Sale $195,000 -- --
Source: RMLS Alliance

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 $3,600 $43,860 $4,330 $39,530
2023 $3,316 $40,240 $3,970 $36,270
2022 $2,699 $32,270 $3,890 $28,380
2021 $2,721 $32,270 $3,890 $28,380
2020 $2,222 $26,090 $3,890 $22,200
2019 $2,265 $26,620 $3,970 $22,650
2018 $2,193 $26,620 $3,970 $22,650
2017 $1,964 $24,060 $4,010 $20,050
2016 $409 $11,340 $4,010 $7,330
2015 $374 $11,120 $3,930 $7,190
2014 $373 $10,840 $3,830 $7,010
2013 -- $10,840 $3,830 $7,010
Source: Public Records

Agents Affiliated with this Home

  • Mike O'Bryan

    Seller's Agent in 2021

    Mike O'Bryan

    RE/MAX

    (309) 635-8901

    3 in this area

    49 Total Sales

    Mike O'Bryan
    Section Image

  • I

    Seller's Agent in 2016

    Irvin Latta

    Jim Maloof/REALTOR

See All Agents

Map

Source: RMLS Alliance

MLS Number: RMAPA7032614

RMLS Alliance

APN: 05-20-486-002

Illinois Peoria County Chillicothe 61523

218 W Walnut St, Chillicothe, IL

This home is located at 218 W Walnut St, Chillicothe, IL 61523 and is currently priced at $125,000. This property was built in 1900. 218 W Walnut St is a home located in Peoria County with nearby schools including Il Valley Central High School, St Edward School, and Calvary Baptist Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

RMLS Alliance 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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