NOT LISTED FOR SALE

305 N 2nd St Tolono, IL 61880

Estimated Value: $363,000 - $435,000

5 Beds
4 Baths
4,729 Sq Ft
$87/Sq Ft Est. Value

Last Sold November 14, 2022

Last sale price $349,000 $74 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $2,819/month

82 Days on Market

Highlights

  • 1.06 Acre Lot
  • Wood Flooring
  • Corner Lot
  • Mature Trees
  • Main Floor Bedroom
  • Gazebo

About This Home

As of November 2022

This historical gem was built in 1872. You'll be charmed by original character & features, but also pleased with the modern updates & comforts. A perfect blend of the past & present. This stunning 5 bedroom, 4 bath brick house sits majestically on 1 acre & is surrounded by black wrought iron fencing on E & N sides. The grounds are pretty, you'll feel as if you're in a park w/ features such as a gazebo, flowering plants & gorgeous mature trees (peonies, raspberries, red bud trees, burgundy beech tree & so much more). The 1 acre lot is equivalent to 5 city lots plus 1/2 of another 5 lots, so there is room to roam & enjoy or there is plenty of space for any additions you'd like to make; ie veggie gardens, greenhouse, swimming pool etc. The architectural style of the house is referred to as 'Second Empire Victorian' and it makes you take notice as you drive by or approach the house. It is very impressive. As you walk towards the front door, a welcoming front porch beckons you to the porch swing, a great spot for afternoon tea. As you walk in the front door you are greeted with a grand staircase. If you look up, you'll notice it regally ascends 3 levels. It is lit up by a stunning original chandelier. Notice all the original lights are still in place - converted from gas to electricity. They are spectacular & a great nod to the house's original splendor. As you amble through the main level, pay special attention to the floor to ceiling windows that let light flow and bounce around the rooms. Also note the spaciousness with 10 1/2' ceilings (1st & 2nd floors) and all the original wood floors. The dining room floor is spectacular with pine & walnut wood planks alternately laid. The library/den on the main level could be converted to a bedroom, complete with 1 of the 4 baths. The main level also features a dual living space, a designated dining room with built-ins and the kitchen. The kitchen has been updated with plenty of storage, an island that offers great counter space. The back porch off the kitchen gives you access to the backyard and is also a great spot for a drop zone. The second story offers 4 bedrooms & 2 full baths. The 10 1/2' foot ceilings, all the natural light, wood floors, original lighting, updated bath and laundry area are sure to please. Then the 3rd level (which was originally a ballroom) now features a guest suite - complete with a living space, kitchenette, bathroom and bedroom (without a closet). There is another very generous sized room (counting it as a bedroom w/ 2 closets) that could be an office / exercise area / craft room / 2nd family room / or it could be transformed to 2 bedrooms. The opportunities are limitless. These additional rooms (library on the main level & the rooms on the 3rd level) could be converted to additional bedrooms, if you needed 8 bedrooms. Additional information: Fiber optic internet is installed. Heating / AC: 3 systems contribute to the comfort of the house: geothermal, a newer very efficient hot water boiler & forced air system. They can all be used simultaneously or independent of each other. 200 amp electrical service. There is a 3 car garage with a wood burning stove that could be installed to have a year-round space to work. The basement is sure to impress with high ceilings (large portion of basement was dug out & concrete floors poured.) A useful dry basement w/ storage, a workbench & laundry area w/ large utility sink. This home is sure to please. It's beautiful & a piece of history - perfect for entertaining. Located in a nice small town & walking distance to the Jr High, High School, library, post office & restaurants. The fact that the town is mere minutes to Champaign: it would make a great bed & breakfast, being so close to the U of I. Easy access to Interstate 57, 72 & 74. The home has been showcased in the Country Living magazine & featured in News Gazette. Sellers are offering a 12 month home warranty. Furniture is negotiable

Last Agent to Sell the Property

Robin Lampert

RE/MAX REALTY ASSOC-MONTICELLO License #475128656 Listed on: 06/30/2022

RE/MAX REALTY ASSOC-MONTICELLO

Last Buyer's Agent

Robin Lampert

RE/MAX REALTY ASSOC-MONTICELLO License #475128656 Listed on: 06/30/2022

RE/MAX REALTY ASSOC-MONTICELLO

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,143

Year Built

  • Built in 1872

Lot Details

  • 1.06 Acre Lot
  • Lot Dimensions are 200 x 230
  • Partially Fenced Property
  • Corner Lot
  • Mature Trees

Parking

  • 3 Car Detached Garage
  • Driveway
  • Parking Space is Owned

Home Design

  • Brick Exterior Construction
  • Radon Mitigation System

Interior Spaces

  • 4,729 Sq Ft Home
  • 3-Story Property
  • Central Vacuum
  • Built-In Features
  • Ceiling height of 10 feet or more
  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Library
  • Wood Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • Main Floor Bedroom
  • Bedroom Suite
  • Bathroom on Main Level
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry in multiple locations
  • Dryer
  • Washer
  • Sink Near Laundry

Outdoor Features

  • Gazebo
  • Porch

Schools

  • Unity East Elementary School
  • Unity Junior High School
  • Unity High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Geothermal Heating and Cooling
  • Heating System Uses Steam
  • 200+ Amp Service

Community Details

  • Larmons And Marshall Subdivision

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,143

Year Built

Built in 1872

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 3 Stories
  • Ownership: Fee Simple
  • ArchitecturalStyle: Other
  • New Construction: No
  • Property Sub-Type: 3 Stories
  • Subdivision Name: Larmons and Marshall
  • Year Built: 1872
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Legal Description: LOTS 6,7,8,9,10, PT 11, PT 12, PT 13, PT 14, PT 15 BLOCK 11 LARMON AND MARSHALL'S ADD & OTHER LAND
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
  • Basement: Full
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Total Bedrooms: 5
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors, First Floor Bedroom, Second Floor Laundry, First Floor Full Bath, Built-in Features, Ceiling - 10 Foot
  • LivingArea: 4729
  • Other Equipment: Central Vacuum, Radon Mitigation System
  • Room Type: Bedroom 5, Library, Suite
  • Estimated Total Finished Sq Ft: 4729
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 4729
  • Basement Sq Ft: 1775
  • Fireplace Location: Living Room
  • Square Footage Comments: Upper Square Footage: 1775 SqFt on 2nd Level and 1149 SqFt on the 3rd Level
  • Total Sq Ft: 6504
  • Unfinished Basement Sq Ft: 1775
  • Upper Level Sq Ft: 2924
  • Main Level Sq Ft: 1805
  • Lower Level Sq Ft: 0
  • Unfinished Lower Sq Ft: 0
  • ResoLivingAreaSource: Other

Exterior Features

  • ExteriorFeatures: Porch
  • List Price: 349000
  • Lot Features: Corner Lot, Mature Trees, Partial Fencing
  • OtherStructures: Gazebo
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 3
  • ParkingTotal: 6
  • Number of Cars: 9
  • Driveway: Asphalt
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: 200+ Amp Service
  • Heating: Forced Air, Steam, Sep Heating Systems - 2+, Zoned, Geothermal
  • Laundry Features: Multiple Locations, Sink
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Unity East Elementary School
  • High School: Unity High School
  • Middle/Junior School: Unity Junior High School
  • Middle/Junior School District: 7

Lot Info

  • Lot Size Acres: 1.06
  • Lot Dimensions: 200 X 230
  • Lot Size: 1.0-1.99 Acres
  • Special Assessments: N

Rental Info

  • Board Number: 22

Tax Info

  • Tax Annual Amount: 8143.06
  • Tax Year: 2021
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2022
Closed on
Nov 14, 2022
Sold by
Woodard Brian and Woodard Julia
Bought by
Sweatt Valerie
Seller's Agent
Robin Lampert
RE/MAX REALTY ASSOC-MONTICELLO
Buyer's Agent
Robin Lampert
RE/MAX REALTY ASSOC-MONTICELLO
List Price
$349,000
Sold Price
$349,000
Views
14
Current Estimated Value
$409,728

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,728
Avg. Annual Appreciation
7.45%
Original Mortgage
$249,000
Outstanding Balance
$242,255
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$183,889

Purchase Details

Closed on
Dec 8, 2009
Sold by
Thompson Laird Alan and Thompson Jun Chen
Bought by
Thompson Laird A and Thompson Jun Chen
Source: Public Records

Range of Values:

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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
Sweatt Valerie $6,000 --
Thompson Laird A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sweatt Valerie $50,000
Open Sweatt Valerie $249,000
Previous Owner Laystrom Woodard Julia $253,800
Previous Owner Laystrom Woodard Julia $292,500
Previous Owner Thompson Laird A $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/14/2022 11/14/22 Sold $349,000 0.0% $74 / Sq Ft
09/21/2022 09/21/22 Pending -- -- --
06/30/2022 06/30/22 For Sale $349,000 +7.4% $74 / Sq Ft
10/03/2014 10/03/14 Sold $325,000 -12.1% $69 / Sq Ft
08/26/2014 08/26/14 Pending -- -- --
08/21/2013 08/21/13 For Sale $369,900 -- $78 / 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 $7,049 $125,290 $25,150 $100,140
2023 $7,049 $116,330 $23,350 $92,980
2022 $8,541 $136,750 $21,700 $115,050
2021 $8,541 $129,750 $20,590 $109,160
2020 $8,048 $126,840 $20,130 $106,710
2019 $8,595 $125,090 $19,850 $105,240
2018 $8,496 $125,090 $19,850 $105,240
2017 $8,544 $119,700 $18,990 $100,710
2016 $8,303 $114,430 $18,150 $96,280
2015 $8,170 $110,340 $17,500 $92,840
2014 $7,908 $112,130 $17,780 $94,350
2013 $7,737 $112,130 $17,780 $94,350
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11451111

Midwest Real Estate Data (MRED)

APN: 29-26-25-305-010