NOT LISTED FOR SALE

31601 S 120th Ave Peotone, IL 60468

Estimated Value: $670,920

80 Acres
$8,386 Price per Acre
3,484,800 Sq Ft Lot

Last Sold June 27, 2022

Last sale price $610,000

Est. 10% increase in value since last sale

Current estimated payment $4,187/month

29 Days on Market

About This Lot

As of June 2022

The 80 acres includes the South Branch of the Forked Creek, timber, and tillable land plus the buildings. The soil PI is 122.3. There is a ComEd easement along the south boarder of the farm. Small ranch house that is livable but need TLC. Tenant has moved out and the house is vacant. There is also an open front building with a outside concrete pad formally used as a cattle feedlot. Nice location for a small cattle, sheep or goat herd if you fence the non-tillable acres and creek. Perfect location for horses.

Last Agent to Sell the Property

Rex Stengele

Goodwin & Associates Real Estate LLC License #471003664 Listed on: 04/18/2022

Last Buyer's Agent

Rex Stengele

Goodwin & Associates Real Estate LLC License #471003664 Listed on: 04/18/2022

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,650

Lot Details

  • 80

Utilities

  • Electricity To Lot Line
  • Private Company Owned Well
  • Well Required
  • Private or Community Septic Tank
  • Septic Needed

Additional Features

  • 80 Acre Lot
  • Farm

Property Details

Property Type

Land

Est. Annual Taxes

$5,650

Lot Details

0

Listing Details

  • Property Type: Farm
  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Agricultural
  • Road Surface Type: Gravel
  • General Information: None
  • ResoPropertyType: Farm
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Basement Bathrooms: No

Exterior Features

  • Frontage Length: 1335
  • Frontage Type: Frontage Road
  • List Price: 664000
  • Waterfront: No

Garage/Parking

  • Number of Cars: 0

Utilities

  • Utilities: Electric to Site, Septic-Private, Septic System Required, Well Private, Well-Required

Schools

  • Middle/Junior School District: 207U

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 80
  • Lot Dimensions: 1335FT X 2675FT X 1326FT X 2643FT
  • Lot Size: 25.0-99.99 Acres
  • Special Assessments: N

Rental Info

  • Board Number: 20

Building Info

  • Building(s) on Land: Yes

Tax Info

  • Tax Annual Amount: 5649.7
  • Tax Year: 2020
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 22, 2024
Sold by
Classic Investments Llc
Bought by
Saucedo Maria Anita Reyes
Current Estimated Value
$670,920

Purchase Details

Listed on
Apr 18, 2022
Closed on
Jun 24, 2022
Sold by
Kahn Howard S
Bought by
Classic Investments Llc
Seller's Agent
Rex Stengele
Goodwin & Associates Real Estate LLC
Buyer's Agent
Rex Stengele
Goodwin & Associates Real Estate LLC
List Price
$664,000
Sold Price
$610,000
Premium/Discount to List
-$54,000
-8.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.22%

Purchase Details

Closed on
May 28, 1998
Sold by
Kahn Ellen
Bought by
Kahn Siegfried
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Saucedo Maria Anita Reyes $295,000 None Listed On Document
Classic Investments Llc $610,000 New Title Company Name
Kahn Siegfried -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kahn Siegfred $55,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2022 06/27/22 Sold $610,000 -8.1% --
05/18/2022 05/18/22 Pending -- -- --
04/18/2022 04/18/22 For Sale $664,000 -- --
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
2023 $6,160 $105,511 $44,064 $61,447
2022 $6,131 $95,845 $39,697 $56,148
2021 $5,416 $88,523 $36,080 $52,443
2020 $5,269 $85,854 $35,683 $50,171
2019 $5,526 $83,580 $33,409 $50,171
2018 $5,650 $79,469 $31,339 $48,130
2017 $5,452 $76,157 $29,100 $47,057
2016 $5,291 $73,409 $27,131 $46,278
2015 $5,082 $70,146 $25,149 $44,997
2014 $5,082 $69,057 $24,060 $44,997
2013 $5,082 $68,370 $23,104 $45,266
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11377779

Midwest Real Estate Data (MRED)

APN: 20-30-300-001