NOT LISTED FOR SALE

2440 County Road 550 E Dewey, IL 61840

Estimated Value: $434,457

20.2 Acres
$21,508 Price per Acre
879,912 Sq Ft Lot

Sale Details

Date Sold: May 20, 2019

Last sale price $275,000

Est. 58% increase in value since last sale

Current estimated payment $2,737 / mo

16 Days on Market

About This Lot

As of May 2019

20 Acres of prime farm ground in beautiful countryside setting. Property is Bordered by Mature Trees. Located just North of popular growing Mahomet, Illinois. Property has a Dewey, IL address but is located in Mahomet School District (CUSD #3). Not located in flood plain. Property could be used for single estate or for division into multiple parcels for Single Family Residential homes. Property to the West is owned by the University of Illinois.

Last Agent to Sell the Property

Tim Hoss

RE/MAX Choice License #471019765 Listed on: 03/18/2019

RE/MAX Choice

Last Buyer's Agent

Tim Hoss

RE/MAX Choice License #471019765 Listed on: 03/18/2019

RE/MAX Choice

Property Details

Property Type

  • Land

Property Details

Property Type

Land

Listing Details

  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Agricultural/Land Only
  • Utilities To Site: Electric Nearby, Septic System Required
  • Zoning Type: AGRIC
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Road Surface: Tar/Gravel

Exterior Features

  • Lot Size: 10.0-24.99 Acres
  • Acreage: 20.2
  • Frontage Access: County Road
  • Front Footage: 664

Schools

  • Junior High Dist: 3

Lot Info

  • Lot Dimensions: 1324 X 664
  • Estimated Land Sq Ft: 879,925.2
  • Parcel Identification Number: 160736400011

Tax Info

  • Taxes: 480.06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2019
Closed on
May 20, 2019
Sold by
Hickory Ridge Holdings Llc
Bought by
Welge Daniel B
Seller's Agent
Tim Hoss
RE/MAX Choice
Buyer's Agent
Tim Hoss
RE/MAX Choice
List Price
$275,000
Sold Price
$275,000
Current Estimated Value
$434,457

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$159,457
Avg. Annual Appreciation
6.78%
Original Mortgage
$220,000
Interest Rate
4.74%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 31, 2017
Sold by
Roberts Douglas L and Roberts Karen A
Bought by
Hickory Ridge Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
3.85%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 11, 2013
Sold by
Willard Thomas M and Willard Steven L
Bought by
Roberts Karen Ann and Roberts Douglas L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Purchase History

Date Buyer Sale Price Title Company
Welge Daniel B $275,000 Attorney
Hickory Ridge Holdings Llc $275,000 Attorney
Roberts Karen Ann $238,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Welge Daniel B $220,000
Previous Owner Hickory Ridge Holdings Llc $220,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/20/2019 05/20/19 Sold $275,000 0.0% --
04/03/2019 04/03/19 Pending -- -- --
03/18/2019 03/18/19 For Sale $275,000 -- --
Source: Midwest Real Estate Data (MRED)

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
2025 $13,207 $204,530 $40,370 $164,160
2024 $12,178 $189,030 $37,310 $151,720
2023 $12,178 $171,430 $34,000 $137,430
2022 $11,349 $158,600 $31,470 $127,130
2021 $639 $8,920 $8,920 $0
2020 $596 $8,300 $8,300 $0
2019 $550 $7,730 $7,730 $0
2018 $511 $7,220 $7,220 $0
2017 $480 $6,750 $6,750 $0
2016 $452 $6,330 $6,330 $0
2015 $426 $5,940 $5,940 $0
2014 $404 $5,670 $5,670 $0
2013 $367 $5,150 $5,150 $0
Source: Public Records

Agents Affiliated with this Home

  • Tim Hoss

    Seller's Agent in 2019

    Tim Hoss

    RE/MAX

    (217) 369-1670

    66 Total Sales

    Tim Hoss
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10316112

Midwest Real Estate Data (MRED)

APN: 16-07-36-400-011

Illinois Champaign County 61840

2440 County Road 550 E, IL

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.

Midwest Real Estate Data (MRED) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.