$83,000
SOLD SEP 23, 2024

2550 Ivy Ln Decatur, IL 62521

Lost Bridge Neighborhood
3 Beds
2.5 Baths
2,300 Sq Ft
0.92 Acres

Recently Sold

$36 Per Sq Ft

54% Below List Price

62 Days on Market

Highlights

  • 2 Car Attached Garage
  • Patio
  • En-Suite Primary Bedroom
  • Wainscoting
  • Handicap Accessible
  • Forced Air Heating and Cooling System

About This Home

As of September 2024

Sitting on .92 acres, this home is "UNIQUE". Designed in the 1950s by a licensed Illinois architect, it represents early ranch style design features. Three bedrooms and 2.5 baths are separated from the living areas and can be closed off for privacy or quiet. The main living area has almost full walls of windows on two sides, plus a wood burning fireplace. Dining room opens to the patio for outdoor entertaining too. Kitchen has a large pantry, a gas stove top and eat-at peninsula. Laundry is right off the two car garage. See the possibilities for yourself! Call to take a look!!!

Last Agent to Sell the Property

Lana Smith

Brinkoetter REALTORS® License #475125920 Listed on: 06/25/2024

Last Buyer's Agent

Taylor Peterson

Main Place Real Estate License #475170513

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1952

Parking

  • 2 Car Attached Garage

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 2,300 Sq Ft Home
  • 1-Story Property
  • Wainscoting
  • Gas Fireplace
  • Family Room with Fireplace
  • Laundry on main level

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Trash Compactor
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom

Utilities

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

Additional Features

  • Handicap Accessible
  • Patio
  • 0.92 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 04-12-25-276-023

Home Details

Home Type

Single Family

Year Built

Built in 1952

Lot Details

0

Parking

2

Listing Details

  • Above Grade Finished Sq Ft: 2300.0
  • Directions: Proceed East on Lost Bridge Rd to Hawthorne Drive. Turn Right. Proceed South to Ivy Lane. Home is located on the Northwest corner of Ivy Lane and Hawthorne Drive.
  • Lot Size Acres: 0.92
  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Surface Type: Gravel
  • Building Stories: 1
  • Year Built: 1952
  • Architectural Style: Ranch
  • Garage Yn: Yes
  • Unit Levels: One
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Appliances: Built-In, Dishwasher, Disposal, Gas Water Heater, Microwave, Range, Refrigerator, Trash Compactor
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Interior Amenities: Fireplace, Bath in Primary Bedroom, Main Level Primary, Paneling/Wainscoting
  • Fireplace Features: Gas, Family/Living/Great Room
  • Fireplaces: 1
  • Fireplace: Yes
  • Stories: 1
  • ResoLivingAreaSource: Other

Exterior Features

  • Construction Type: Brick
  • Exterior Features: Handicap Accessible
  • Roof: Asphalt, Shingle
  • Waterfront: No
  • Foundation Details: Slab
  • Patio And Porch Features: Patio

Garage/Parking

  • Garage Spaces: 2.0
  • Attached Garage: Yes
  • Parking Features: Attached, Garage

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Gas
  • Water Source: Public
  • Laundry Features: Main Level
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer

Schools

  • Junior High Dist: Decatur Dist 61

Lot Info

  • Lot Size Sq Ft: 40075.0
  • Parcel #: 04-12-25-276-023
  • Zoning: R-1
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 4724.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2024
Closed on
Sep 20, 2024
Sold by
Melnik Morton M
Bought by
Peterson Taylor A and Wallace Valerie J
Seller's Agent
Lana Smith
Brinkoetter REALTORS®
Buyer's Agent
Taylor Peterson
Main Place Real Estate
List Price
$182,000
Sold Price
$83,000
Premium/Discount to List
-$99,000
-54.4%
Views
202

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
105.13%
Original Mortgage
$238,000
Outstanding Balance
$60,466
Interest Rate
6.49%
Mortgage Type
Construction
Estimated Equity
$90,216

Purchase Details

Closed on
Nov 1, 1986
Source: Public Records

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Range of Values:

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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 $83,000 None Listed On Document
Deed $82,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $238,000 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2025 07/10/25 For Sale $314,900 +279.4% $126 / Sq Ft
09/23/2024 09/23/24 Sold $83,000 -33.6% $36 / Sq Ft
08/29/2024 08/29/24 Pending -- -- --
08/17/2024 08/17/24 Price Changed $125,000 -18.8% $54 / Sq Ft
08/06/2024 08/06/24 Price Changed $154,000 -10.5% $67 / Sq Ft
07/16/2024 07/16/24 Price Changed $172,000 -5.5% $75 / Sq Ft
06/27/2024 06/27/24 For Sale $182,000 -- $79 / Sq Ft
Source: Central Illinois Board 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 $4,767 $60,244 $16,580 $43,664
2023 $4,689 $58,111 $15,993 $42,118
2022 $3,710 $47,277 $14,799 $32,478
2021 $3,411 $44,152 $13,821 $30,331
2020 $3,307 $42,102 $13,179 $28,923
2019 $3,307 $42,102 $13,179 $28,923
2018 $4,024 $49,299 $20,280 $29,019
2017 $4,150 $50,615 $20,821 $29,794
2016 $4,240 $51,131 $21,033 $30,098
2015 $4,010 $50,227 $20,661 $29,566
2014 $3,713 $49,729 $20,456 $29,273
2013 $3,875 $51,596 $21,224 $30,372
Source: Public Records

Agents Affiliated with this Home

  • Valerie Wallace

    Seller's Agent in 2025

    Valerie Wallace

    Main Place Real Estate

    (217) 520-0831

    3 in this area

    239 Total Sales

    Valerie Wallace
    Section Image

  • L

    Seller's Agent in 2024

    Lana Smith

    Brinkoetter REALTORS®

    1 in this area

    133 Total Sales

    Lana Smith
    Section Image
  • Taylor Peterson

    Buyer's Agent in 2024

    Taylor Peterson

    Main Place Real Estate

    (217) 422-3335

    2 in this area

    177 Total Sales

    Taylor Peterson
    Section Image
See All Agents

Map

Source: Central Illinois Board of REALTORS®

MLS Number: 6243465

APN: 04-12-25-276-023

Illinois Macon County Decatur 62521 Lost Bridge

2550 Ivy Ln, Decatur, IL

This home is located at 2550 Ivy Ln, Decatur, IL 62521 and is currently priced at $83,000, approximately $36 per square foot. This property was built in 1952. 2550 Ivy Ln is a home located in Macon County with nearby schools including Muffley Elementary School, Stephen Decatur Middle School, and Hillside Bethel Tabernacle.

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