NOT LISTED FOR SALE

331 5th St Lacon, IL 61540

Estimated Value: $60,921

-- Bed
-- Bath
-- Sq Ft
2,614 Sq Ft Lot

Last Sold June 05, 2015

Last sale price $35,000

Est. 74% increase in value since last sale

Current estimated payment $465/month

459 Days on Market

About This Home

As of June 2015

Great high traffic main street location! Historic two-story building on corner lot. Front main floor has 1,225 sq. ft. commercial retail space, plus rear attached building 1,150 sq. ft. storage area has side street entry doors. Second floor 1,225 sq. ft. with outside entry, could be finished for apartment or other use. NOTE: $500.00 commission for acceptable 1 year lease to each listing and selling broker. Seller will consider "contract for deed". NEW PRICE as of 12/15/14....$49,900!!

Last Listed By

Glenn Essig

RE/MAX WRC Downtown License #475144766 Listed on: 03/03/2014

Property Details

Property Type

  • Other

Year Built

  • Built in 1900

Lot Details

  • 2,614

Utilities

  • Forced Air Heating and Cooling System
  • Partial Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for internal maintenance, janitorial, trash, gas, heating, cooling, water/sewer
  • The owner pays for real estate taxes, insurance, structural maintenance, common area, common area maintenance

Property Details

Property Type

Other

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Retail
  • Year Built: 1900
  • Handicap Modified: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete, Tile/Vinyl, Wood
  • Maximum Ceiling Ht Feet: 10
  • Other Access: None
  • Total Building Sq Ft: 3600
  • Estimated Lot Sq Ft: 22 x 122

Exterior Features

  • Exterior Finish: Wood Siding, Brick, Other Exterior Finish
  • Frontage Access: Corner Lot
  • Insulation: Unknown
  • Roof Construction: Comp Shingle, Membrane, Flat
  • Wall Construction: Block, Brick, Frame, Masonry

Garage/Parking

  • Numberparking Spaces Allocated: 2

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Gas, Partial
  • Water Supply: Municipal/City

Lot Info

  • Estimated Number of Acres: 0.06
  • Zoning: Commercial
  • Geo Subdivision: IL

Rental Info

  • Monthly Lease Rate: 675
  • Lease Dollar Sq Ft: 3.41
  • Lease Type: Gross
  • Owner Pays: Real Estate Taxes, Insurance, Structural Maintenance, Common Area, Common Area Maint
  • Sale Lease Includes: Building
  • Tenant Pays: Internal Maintenance, Janitorial, Trash, Gas, Heating, Cooling, Water/Sewer
  • Terms Lease: Yearly, Renewal Option

Tax Info

  • Annual Taxes: 2210.22
  • Parcel Id Number Tax Id: 04-25-355-019
  • Tax Incentive: Enterprize Zone, TIF District
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2014
Closed on
Jun 3, 2015
Sold by
Gimborys Gail A and Gimborys Jeffrey C
Bought by
Patellaro Angelo and Patellaro Christina R
Seller's Agent
Glenn Essig
RE/MAX WRC Downtown
Buyer's Agent
Glenn Essig
RE/MAX WRC Downtown
List Price
$69,900
Sold Price
$35,000
Premium/Discount to List
-$34,900
-49.93%
Total Days on Market
459
Current Estimated Value
$60,921

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,921
Avg. Annual Appreciation
5.74%

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
Patellaro Angelo $35,000 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/05/2015 06/05/15 Sold $35,000 -49.9% --
06/05/2015 06/05/15 Pending -- -- --
03/03/2014 03/03/14 For Sale $69,900 +39.8% --
03/02/2012 03/02/12 Sold $50,000 -9.1% --
02/20/2012 02/20/12 Pending -- -- --
01/25/2012 01/25/12 For Sale $55,000 -- --
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
2023 $1,534 $17,765 $1,133 $16,632
2022 $1,669 $18,274 $837 $17,437
2021 $1,147 $18,274 $837 $17,437
2020 $1,700 $17,639 $808 $16,831
2019 $1,774 $17,639 $808 $16,831
2018 $1,790 $17,639 $808 $16,831
2017 $1,924 $17,998 $824 $17,174
2016 $1,924 $18,945 $867 $18,078
2014 -- $19,942 $913 $19,029
2013 -- $19,942 $913 $19,029
Source: Public Records

Agents Affiliated with this Home

  • Glenn Essig

    Seller's Agent in 2015

    Glenn Essig

    RE/MAX

    (309) 678-4121

    Section Image
  • Esther Ely

    Seller's Agent in 2012

    Esther Ely

    Jim Maloof Realty, Inc.

    (309) 696-9708

    17 Total Sales

    Esther Ely
    Section Image
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Map

Source: RMLS Alliance

MLS Number: RMAPA7031178

RMLS Alliance

APN: 04-25-355-019

Illinois Marshall County Lacon 61540

331 5th St, Lacon, IL

Homes for Sale in Lacon, IL

This home is located at 331 5th St, Lacon, IL 61540 since 03 March 2014 and is currently estimated at $60,921. This property was built in 1900. 331 5th St is a home located in Marshall County with nearby schools including Midland Elementary School, Midland Middle School, and Midland 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.