NOT LISTED FOR SALE

26109 Locust Ln Unit 40 Wilmington, IL 60481

Estimated Value: $79,000 - $249,000

4 Beds
1 Bath
1,895 Sq Ft
$87/Sq Ft Est. Value

Last Sold May 27, 2022

Last sale price $39,900 $21 Per Sq Ft

Est. 314% increase in value since last sale

Current estimated payment $1,129/month

96 Days on Market

Highlights

  • Deck
  • Ranch Style House
  • Living Room
  • L.J. Stevens Intermediate School Rated A-
  • Breakfast Bar
  • Laundry Room

About This Home

As of May 2022

Property with lots of potential in the Phelan Acres Subdivision. Property being sold "as is", seller will not provide termite or survey. House with 4 bedrooms, large living room and kitchen lots of square footage. Great location situated between Goose Lake Prairie State Park and Des Plaines Conservation Area where you can launch your boat. No representations made as to the condition.

Last Agent to Sell the Property

Thomas Mulvey

Dow Realty License #471006114 Listed on: 12/26/2021

Last Buyer's Agent

Jane Hopkins

Dow Realty License #471009289

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1958

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 83 x 118 x 83 x 135

HOA Fees

  • $28 Monthly HOA Fees

Home Design

  • Ranch Style House
  • Frame Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,895 Sq Ft Home
  • Living Room
  • Laminate Flooring
  • Crawl Space
  • Breakfast Bar
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 1 Full Bathroom

Parking

  • 2 Parking Spaces
  • Gravel Driveway
  • Uncovered Parking
  • Off-Street Parking
  • Parking Included in Price

Outdoor Features

  • Deck
  • Shed

Schools

  • Bruning Elementary School
  • Wilmington Middle School
  • Wilmington High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Shared Well
  • Private or Community Septic Tank

Community Details

  • Joyce Cambruzi Association, Phone Number (815) 476-2223
  • Phelan Acres Subdivision
  • Property managed by Phelan Acres Condo

Home Details

Home Type

Single Family

Year Built

Built in 1958

Lot Details

0

HOA Fees

$28 per month

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple w/ HO Assn.
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Subdivision Name: Phelan Acres
  • Year Built: 1958
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 4
  • Interior Amenities: Wood Laminate Floors
  • LivingArea: 1895
  • Room Type: Eating Area
  • Estimated Total Finished Sq Ft: 1895
  • Basement Description: Crawl
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: None
  • Total Sq Ft: 1895
  • Total Sq Ft: 1895
  • Main Level Sq Ft: 1895

Exterior Features

  • ExteriorFeatures: Deck
  • Foundation Details: Concrete Perimeter
  • List Price: 39900
  • OtherStructures: Shed(s)
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

  • Parking Features: Off Street
  • ParkingTotal: 2
  • Number of Cars: 2
  • Driveway: Gravel
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Septic-Private
  • Cooling: None
  • Electric: Circuit Breakers
  • Heating: Natural Gas, Forced Air
  • Water Source: Shared Well

Condo/Co-op/Association

  • Association Fee: 83
  • Association Fee Frequency: Quarterly
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Phelan Acres Condo
  • Management Contact Name: Joyce Cambruzi
  • Management Phone: 815-476-2223
  • ResoAssociationFeeFrequency: Quarterly

Fee Information

  • Association Fee Includes: Other

Schools

  • Elementary School: Bruning Elementary School
  • High School: Wilmington High School
  • Middle/Junior School: Wilmington Middle School
  • Middle/Junior School District: 209U

Lot Info

  • Lot Size Acres: 0.23
  • Lot Dimensions: 83 X 118 X 83 X 135
  • Rural (Y/N): N
  • Lot Size: Less Than .25 Acre
  • Special Assessments: U
  • Zero Lot Line: No

Rental Info

  • Board Number: 17
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 2210.28
  • Tax Year: 2020
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 26, 2021
Closed on
May 26, 2022
Sold by
Busey Bank
Bought by
Kotschi Robert
Seller's Agent
Thomas Mulvey
Dow Realty
Buyer's Agent
Jane Hopkins
Dow Realty
List Price
$58,000
Sold Price
$39,900
Premium/Discount to List
-$18,100
-31.21%
Current Estimated Value
$165,213

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$125,313
Avg. Annual Appreciation
51.69%

Purchase Details

Closed on
Jan 6, 2021
Sold by
Creed Janis and Creed James
Bought by
Busey Bank

Purchase Details

Closed on
Apr 5, 2005
Sold by
Soll Justin
Bought by
Creed James and Creed Janis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,400
Interest Rate
5.89%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 5, 2004
Sold by
Homecomings Financial Network Inc
Bought by
Soll Justin J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,500
Interest Rate
4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 3, 2003
Sold by
First Franklin Financial Corp
Bought by
Homecomings Financial Network Inc

Purchase Details

Closed on
Nov 27, 2002
Sold by
Labanowski Frank and Case #02 Ch 489
Bought by
First Franklin Financial Corp

Purchase Details

Closed on
Oct 16, 2002
Sold by
Labanowski Frank
Bought by
First Franklin Financial Corp

Purchase Details

Closed on
May 1, 2001
Sold by
Labanoski Frank
Bought by
Labanowski Frank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,250
Interest Rate
7.02%

Purchase Details

Closed on
Sep 20, 2000
Sold by
Labanowski Frank and Labanowski Jill M
Bought by
Labanoski Frank

Purchase Details

Closed on
Jul 25, 1996
Sold by
Smith Marian
Bought by
Labanowski Frank J and Labanowski Jill M
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
Kotschi Robert $39,900 Fidelity National Title
Busey Bank -- None Available
Creed James $83,000 Ticor Title
Soll Justin J $36,500 Ticor Title
Homecomings Financial Network Inc -- Ticor Title Insurance Compan
First Franklin Financial Corp -- --
First Franklin Financial Corp $85,210 --
Labanowski Frank -- First American
Labanoski Frank -- --
Labanowski Frank J $25,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Creed James $70,400
Previous Owner Soll Justin J $36,500
Previous Owner Labanowski Frank $89,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/27/2022 05/27/22 Sold $39,900 0.0% $21 / Sq Ft
04/02/2022 04/02/22 Pending -- -- --
03/17/2022 03/17/22 Price Changed $39,900 -31.2% $21 / Sq Ft
12/26/2021 12/26/21 For Sale $58,000 -- $31 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $2,720 $41,922 $9,227 $32,695
2023 $2,720 $39,718 $8,742 $30,976
2022 $2,388 $35,966 $7,916 $28,050
2021 $2,281 $33,566 $7,388 $26,178
2020 $2,257 $32,684 $7,194 $25,490
2019 $2,210 $32,040 $7,052 $24,988
2018 $2,173 $31,310 $6,891 $24,419
2017 $2,042 $29,248 $6,437 $22,811
2016 $1,859 $26,870 $5,914 $20,956
2015 $1,517 $26,228 $5,773 $20,455
2014 $1,517 $26,493 $5,831 $20,662
2013 $1,517 $28,232 $6,214 $22,018
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11293981

Midwest Real Estate Data (MRED)

APN: 03-17-06-303-001-1027