NOT LISTED FOR SALE

2701 Terrace Ln Springfield, IL 62703

Springfield Far East District Neighborhood

Estimated Value: $177,000 - $216,840

4 Beds
3 Baths
2,011 Sq Ft
$95/Sq Ft Est. Value

Last Sold May 08, 2023

Last sale price $160,000 $80 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $1,423/month

3 Days on Market

Highlights

  • Ranch Style House
  • No HOA
  • 2 Car Attached Garage
  • Corner Lot
  • Fenced Yard
  • Eat-In Kitchen

About This Home

As of May 2023

You'll love the custom floorplan on this one owner ranch home with a convenient circle drive out front. Walk up to the covered front porch for visiting with neighbors then step inside the foyer for a formal living room to the left featuring a 2-sided gas fireplace that also warms the family room at the back of the home. To the right of the foyer is a formal dining room that could also work well for a home office with it's french doors. The kitchen at the heart of the home features plenty of cabinets, stainless steel appliances, and a sweet breakfast nook overlooking the privacy-fenced backyard. The main floor features a laundry area by the attached garage entrance, a guest bedroom with full bathroom across the hall, and the primary suite. This suite features a sitting/dressing room, private bath, and large bedroom. Downstairs you'll find 2 additional bedrooms with egress windows and another full bathroom! New hot water heater in 2020. Pre-inspected for buyer convenience and selling as reported.

Last Agent to Sell the Property

Megan Pressnall

The Real Estate Group, Inc. License #475162500 Listed on: 04/05/2023

The Real Estate Group, Inc.

Last Buyer's Agent

KATHY GARST

The Real Estate Group, Inc. License #475121251

The Real Estate Group, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,181

Year Built

  • Built in 2003

Lot Details

  • Fenced Yard
  • Corner Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Ranch Style House
  • Poured Concrete
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,011 Sq Ft Home
  • Three Sided Fireplace
  • Gas Log Fireplace
  • Window Treatments
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Screened Patio
  • Shed

Schools

  • Hazel Dell Elementary School
  • Washington Middle School
  • Springfield Southeast High School

Utilities

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

Community Details

  • No Home Owners Association
  • Springfield Subdivision

Listing and Financial Details

  • Assessor Parcel Number 14360353024

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,181

Year Built

Built in 2003

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 2003
  • Architectural Style: Ranch
  • New Construction: No
  • PricePerSqFt: 98.52
  • Age55PlusDevelopment: No
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Basement: Full, Unfinished
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Family Room, Gas Log, Living Room, Multi-Sided
  • Fireplaces: 1
  • Interior Amenities: Window Treatments
  • Living Area: 2011
  • TotalBasementSqFt: 1548
  • KitchenDining: Eat-In Kitchen

Exterior Features

  • Lot Features: Corner Lot
  • Construction Type: Vinyl Siding
  • Exterior Features: Fenced Yard, Screened Patio, Shed(s)
  • Foundation Details: Poured Concrete
  • Roof: Shingle
  • 100YearPlain: No

Garage/Parking

  • Garage Yn: Yes
  • Garage Spaces: 2
  • Parking Features: Attached

Utilities

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

Condo/Co-op/Association

  • MandatoryMonthlyFee: No
  • MandatoryAnnualFee: No

Schools

  • Elementary School: Hazel Dell
  • High School: Springfield Southeast
  • Middle Or Junior School: Washington

Lot Info

  • Lot Size: 14,370
  • Parcel #: 14360353024

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 3181
  • TaxExemptions: Homestead/Owner Occupied,Senior Freeze,Senior Homestead

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 22, 2025
Sold by
Dacar Gabrielle
Bought by
Luttrell Justin
Current Estimated Value
$190,460

Purchase Details

Listed on
Apr 5, 2023
Closed on
May 9, 2023
Sold by
Moody Nicole Nash
Bought by
Luttrell Justin and Decar Gabrielle
Seller's Agent
Megan Pressnall
The Real Estate Group, Inc.
Buyer's Agent
KATHY GARST
The Real Estate Group, Inc.
List Price
$150,000
Sold Price
$160,000
Premium/Discount to List
$10,000
6.67%
Views
145

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.50%
Original Mortgage
$144,000
Interest Rate
6.15%
Mortgage Type
New Conventional
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
Luttrell Justin -- None Listed On Document
Luttrell Justin $160,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Luttrell Justin $144,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/08/2023 05/08/23 Sold $160,000 +6.7% $80 / Sq Ft
04/08/2023 04/08/23 Pending -- -- --
04/05/2023 04/05/23 For Sale $150,000 -- $75 / 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 $5,087 $60,560 $10,926 $49,634
2023 $4,891 $55,316 $9,980 $45,336
2022 $3,167 $51,870 $9,467 $42,403
2021 $3,181 $46,433 $9,112 $37,321
2020 $3,113 $46,503 $9,126 $37,377
2019 $3,066 $46,341 $9,094 $37,247
2018 $3,322 $50,981 $9,050 $41,931
2017 $0 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Megan Pressnall

    Seller's Agent in 2023

    Megan Pressnall

    The Real Estate Group, Inc.

    (217) 341-8323

    1 in this area

    200 Total Sales

    Megan Pressnall
    Section Image
  • KATHY GARST

    Buyer's Agent in 2023

    KATHY GARST

    The Real Estate Group, Inc.

    (217) 306-6063

    2 in this area

    805 Total Sales

    KATHY GARST
    Section Image
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Map

Source: RMLS Alliance

MLS Number: CA1021364

RMLS Alliance

APN: 14-36.0-353-024

Illinois Sangamon County Springfield 62703 Springfield Far East District

2701 Terrace Ln, Springfield, IL

This home is located at 2701 Terrace Ln, Springfield, IL 62703 since 05 April 2023 and is currently estimated at $190,460, approximately $94 per square foot. This property was built in 2003. 2701 Terrace Ln is a home located in Sangamon County with nearby schools including Hazel Dell Elementary School, Washington Middle School, and Springfield Southeast High School.

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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