$41,000
SOLD SEP 13, 2024

2617 Cherry St Mount Vernon, IL 62864

2 Beds
1 Bath
908 Sq Ft
0.26 Acres

Recently Sold

$45 Per Sq Ft

9% Below List Price

23 Days on Market

Highlights

  • Ranch Style House
  • Eat-In Kitchen
  • Forced Air Heating System
  • Attached Garage

About This Home

As of December 2024

Great investment opportunity! This charming 2 bed, 1 bath home is perfectly suited for investors looking for a great return. Situated in a prime central location, it offers easy access to shopping centers and convenience stores. Recently remodeled, this home showcases a modern and updated aesthetic. The bedrooms and bathroom are generously sized. The well thought floor plan also provides a private laundry room. With a fully equipped kitchen, a tenant or homeowner will be sure to make the kitchen the heart of the home. One standout feature is the HUGE backyard; it offers an expansive area for children to play or it can be made into a great hangout spot! This home combines a convenient location, modern upgrades, and a large backyard; making it a highly desirable property for investors. Take advantage of this gem and reap the rewards of a smart investment decision!

Last Agent to Sell the Property

Kyla Palazzolo

Midwest Farm & Land Co. LLC Brokerage Phone: 618-367-2773 License #475198629 Listed on: 07/17/2024

Last Buyer's Agent

TYSON COFFEY

Rod Snow, INC. License #475202364

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $996

Year Built

  • Built in 1930

Parking

  • Attached Garage

Home Design

  • Ranch Style House
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 908 Sq Ft Home
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Schools

  • Mt Vernon Elementary And Middle School
  • Mt Vernon High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • Maplewood Subdivision

Listing and Financial Details

  • Assessor Parcel Number 07-31-103-004

Home Details

Home Type

Single Family

Est. Annual Taxes

$996

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1930
  • Architectural Style: Ranch
  • New Construction: No
  • PricePerSqFt: 45.15
  • Attribution Contact: Pref: 618-367-2773
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Range/Oven, Refrigerator
  • Basement: Crawl Space
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Living Area: 908
  • KitchenDining: Eat-In Kitchen

Exterior Features

  • Lot Features: Other
  • Construction Type: Frame, Vinyl Siding
  • Roof: Shingle
  • 100YearPlain: Unknown

Garage/Parking

  • Garage Yn: No
  • Parking Features: Attached

Utilities

  • Heating: Gas, Forced Air, Central Air
  • Water Source: Public Sewer, Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Elementary School: Mt Vernon
  • High School: Mt Vernon
  • Middle Or Junior School: Mt Vernon

Lot Info

  • Lot Size: .26 acres
  • Parcel #: 07-31-103-004

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 965.44
  • TaxExemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2024
Closed on
Dec 5, 2024
Sold by
Our Coffey Home Llc
Bought by
Patrick Rice Enterprises Inc
Seller's Agent
TYSON COFFEY
Rod Snow, INC.
Buyer's Agent
Lettie Johnson
Cross Davidson Real Estate
List Price
$49,900
Sold Price
$44,000
Premium/Discount to List
-$5,900
-11.82%
Views
33
Current Estimated Value
$49,182

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,182
Avg. Annual Appreciation
12.37%
Original Mortgage
$45,347
Outstanding Balance
$45,183
Interest Rate
6.54%
Mortgage Type
New Conventional
Estimated Equity
$1,951

Purchase Details

Listed on
Jul 17, 2024
Closed on
Sep 12, 2024
Sold by
Rush Jailon C
Bought by
Our Coffey Homes Llc
Seller's Agent
Kyla Palazzolo
Midwest Farm & Land Co. LLC
Buyer's Agent
TYSON COFFEY
Rod Snow, INC.
List Price
$45,000
Sold Price
$41,000
Premium/Discount to List
-$4,000
-8.89%
Views
59

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.89%
Original Mortgage
$34,850
Interest Rate
6.47%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 17, 2024
Closed on
Sep 5, 2024
Sold by
Rush Paige R
Bought by
Rush Jailon C
Seller's Agent
Kyla Palazzolo
Midwest Farm & Land Co. LLC
Buyer's Agent
TYSON COFFEY
Rod Snow, INC.
List Price
$45,000
Sold Price
$41,000
Premium/Discount to List
-$4,000
-8.89%
Views
59

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,850
Interest Rate
6.47%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 1, 2022
Closed on
May 4, 2023
Sold by
Wright Bryan
Bought by
Rush Jailon Colby and Rush Paige
Seller's Agent
Daniel Harshbarger
KELLER WILLIAMS PINNACLE
Buyer's Agent
Kyla Palazzolo
Midwest Farm & Land Co. LLC
List Price
$60,000
Sold Price
$43,500
Premium/Discount to List
-$16,500
-27.5%
Views
218

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.20%
Original Mortgage
$30,800
Interest Rate
6.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 23, 2016
Sold by
Vanderstelt Stephanie Jo
Bought by
Vanderstelt Jamie

Purchase Details

Listed on
Jan 5, 2015
Closed on
Feb 6, 2015
Sold by
Chapman Karen Lynn
Bought by
Vanderstelt Stephanie
Seller's Agent
Sandra Sandweg
Keller Williams Pinnacle - MTV
Buyer's Agent
Sandra Sandweg
Keller Williams Pinnacle - MTV
List Price
$19,000
Sold Price
$14,000
Premium/Discount to List
-$5,000
-26.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.29%
Original Mortgage
$20,000
Interest Rate
3.85%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 5, 2011
Sold by
Meyer Scott A and Meyer Tammy
Bought by
Chapman Karen Lynn
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 $44,000 None Listed On Document
Warranty Deed $41,000 None Listed On Document
Quit Claim Deed -- None Listed On Document
Warranty Deed $38,500 None Listed On Document
Interfamily Deed Transfer -- None Available
Warranty Deed $21,000 Attorney
Warranty Deed $30,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $45,347 New Conventional
Previous Owner $34,850 New Conventional
Previous Owner $30,800 New Conventional
Previous Owner $20,000 Future Advance Clause Open End Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2024 12/20/24 Sold $44,000 0.0% $48 / Sq Ft
11/16/2024 11/16/24 Price Changed $44,000 -11.8% $48 / Sq Ft
11/09/2024 11/09/24 For Sale $49,900 +21.7% $55 / Sq Ft
09/13/2024 09/13/24 Sold $41,000 -8.9% $45 / Sq Ft
07/17/2024 07/17/24 For Sale $45,000 +3.4% $50 / Sq Ft
04/28/2023 04/28/23 Sold $43,500 -27.5% $48 / Sq Ft
11/01/2022 11/01/22 For Sale $60,000 +300.0% $66 / Sq Ft
06/14/2016 06/14/16 Sold $15,000 -36.2% $14 / Sq Ft
04/30/2016 04/30/16 Pending -- -- --
03/14/2016 03/14/16 For Sale $23,500 +67.9% $22 / Sq Ft
02/06/2015 02/06/15 Sold $14,000 -26.3% $13 / Sq Ft
01/15/2015 01/15/15 Pending -- -- --
01/05/2015 01/05/15 For Sale $19,000 -- $18 / Sq Ft
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 $996 $12,325 $3,796 $8,529
2023 $996 $11,378 $3,504 $7,874
2022 $965 $9,981 $3,074 $6,907
2021 $924 $9,506 $2,928 $6,578
2020 $927 $8,884 $2,736 $6,148
2019 $914 $8,884 $2,736 $6,148
2018 $903 $8,884 $2,736 $6,148
2017 $1,186 $12,065 $2,736 $9,329
2016 $1,171 $12,065 $2,736 $9,329
2015 $576 $12,065 $2,736 $9,329
2014 $944 $12,065 $2,736 $9,329
2013 $944 $11,382 $2,581 $8,801
Source: Public Records

Agents Affiliated with this Home

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Map

Source: RMLS Alliance

MLS Number: EB454294

RMLS Alliance

APN: 07-31-103-004