NOT LISTED FOR SALE

3231 Meadow Gate Rd Sherrard, IL 61281

201 Acres
-- Price per Acre
8,755,560 Sq Ft Lot

Last Sold April 15, 2024

Last sale price $1,929,600 $1,270 Per Sq Ft

125 Days on Market

Highlights

  • 201 Acre Lot
  • Agricultural
  • Level Lot
  • No HOA

About This Lot

As of April 2024

Introducing 201 acres of well-maintained, good quality farmland in Richland Grove Township of Mercer County, IL. With 166 acres in row crop production and 5+ acres in (expired) CRP waterways, this farm is over 85 percent tillable. The north 120 acres is gently rolling, and has been carefully managed with waterways and using cover crops. The south 80 acres is mostly level with levee protection along the Edwards River and one drainage ditch. Primary soil types are Sawmill, Fayette, and Orion silt loams, which culminate with others to make a combined 119.2 PI average. This is a quality piece of farmland that any operator would be blessed to have as part of their operation, and any serious land investor should be happy to have in their portfolio. Tenancy is open after the 2023 crop year. Existing farmhouse is currently rented and provides $450 per month in additional revenue. The farm is located 1 mile due west of Swedona, IL on Meadow Gate Road, in Sherrard School District.

Last Agent to Sell the Property

Chase Burns

LandGuys, LLC of Illinois Brokerage Phone: 309-368-0370 License #471019052 Listed on: 06/02/2023

Last Buyer's Agent

Chase Burns

LandGuys, LLC of Illinois Brokerage Phone: 309-368-0370 License #471019052 Listed on: 06/02/2023

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,997

Year Built

  • Built in 1902

Lot Details

  • 201 Acre Lot
  • Level Lot

Home Design

  • 1,519 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Schools

  • Sherrard High School

Utilities

  • Well
  • Septic System

Additional Features

  • Residence on Property
  • Agricultural

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 06-06-23-100-011

Property Details

Property Type

Land

Est. Annual Taxes

$4,997

Year Built

Built in 1902

Lot Details

201 Acres

Listing Details

  • Prop. Type: Land
  • Property Sub Type: Farm
  • Year Built: 1902
  • Above Grade Finished Sq Ft: 1519
  • PrincipalMeridian: 0
  • Attribution Contact: Mobl: 309-368-0370
  • Special Features: VirtualTour

Interior Features

  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Living Area: 1519

Exterior Features

  • Lot Features: Agricultural, Bottom Ground, Level, Sloped
  • Road Surface Type: Paved
  • Exterior Features: Field Tiled, Residence
  • 100YearPlain: No

Utilities

  • Utilities: Electricity Available
  • Water Source: Private Well, Septic System

Condo/Co-op/Association

  • MandatoryAssocMonthlyFeeYN: No
  • MandatoryAssocAnnualFeeYN: No

Schools

  • High School: Sherrard

Lot Info

  • Zoning: Agricultural
  • Lot Size Acres: 201
  • Lot Size: Irregular
  • Cultivated Acreage: 166
  • Pasture Area: 25
  • Parcel #: 06-06-23-100-011

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 4996.94
  • TaxExemptions: None
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Property History

Date Event Price List to Sale Price per Sq Ft
04/15/2024 04/15/24 Sold $1,929,600 -6.3% $1,270 / Sq Ft
10/05/2023 10/05/23 Pending -- -- --
07/27/2023 07/27/23 Price Changed $2,060,250 -8.1% $1,356 / Sq Ft
06/02/2023 06/02/23 For Sale $2,241,150 -- $1,475 / Sq Ft
Source: RMLS Alliance

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 $5,918 $78,185 $61,970 $16,215
2022 $5,831 $70,685 $54,675 $16,010
2021 $4,997 $62,590 $47,925 $14,665
2020 $4,624 $55,885 $41,850 $14,035
2019 $4,175 $49,920 $36,225 $13,695
2018 $3,744 $45,620 $31,440 $14,180
2017 $3,159 $37,390 $26,325 $11,065
2016 $2,790 $32,595 $22,175 $10,420
2015 $2,452 $28,900 $18,540 $10,360
2014 $2,213 $26,200 $16,065 $10,135
2013 $2,111 $25,180 $14,715 $10,465
2010 $1,838 $22,300 $11,335 $10,965
Source: Public Records

Agents Affiliated with this Home

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Map

Source: RMLS Alliance

MLS Number: CA1022596

RMLS Alliance
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