NOT LISTED FOR SALE

347 Spring St Galena, IL 61036

Estimated Value: $115,717 - $188,000

2 Beds
1 Bath
810 Sq Ft
$174/Sq Ft Est. Value

Sale Details

Date Sold: March 1, 2024

Last sale price $88,000 $109 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $946 / mo

9 Days on Market

Highlights

  • Covered Patio or Porch
  • Brick or Stone Mason
  • Wood Siding
  • Galena Primary School Rated A-
  • Forced Air Heating System
  • Historic Home

About This Home

As of March 2024

If you are ready to start or expand your business in Galena, and not having any luck finding a commercial property, this could be the next best option: to renovate a historic property into exactly what you need. Access to all city utilities and zoned Downtown Commercial, the historic "Morrison House" can be restored into a residential home, restaurant, office, retail business and more. Property is in need of major renovation and is being sold AS-IS. Wide pedestrian walkway out front for downtown walking traffic, as well as a curb cut on the newly improved Hwy 20 to create on-site parking. Property has only been used for storage for the last 15 years, water and heat are off, but there is electricity. Seller is a licensed real estate agent. Property is also listed in the Commercial Class with MLS# 202400251

Last Agent to Sell the Property

Ginger Zambrano

DC Rise Real Estate License #475.192385 Listed on: 01/28/2024

Co-Listed By

Leah Holt

DC Rise Real Estate License #475209718

Last Buyer's Agent

Lisa Radke

CHOICE REALTY OF GALENA License #471017742

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,465

Year Built

  • Built in 1830

Lot Details

  • 7,405 Sq Ft Lot
  • Property fronts a highway
  • Historic Home

Home Design

  • House
  • Brick or Stone Mason
  • Shingle Roof
  • Wood Siding
  • Siding

Interior Spaces

  • 810 Sq Ft Home
  • Crawl Space
  • Storage In Attic

Kitchen

  • Electric Range
  • Stove

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Schools

  • Galena Elementary And Middle School
  • Galena High School

Additional Features

  • Covered Patio or Porch
  • Forced Air Heating System

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,465

Year Built

Built in 1830

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Interior Amenities: Attic Storage
  • Road Frontage: City/Town, US Highway
  • Type: City/Town
  • Electric: Circuit Breaker, Fuses
  • Appliances That Stay or Are Included: Refrigerator, Stove/Cooktop
  • Class: HOUSE
  • Front: 53.88
  • General Features: Main Floor Primary, Porch Covered
  • Legal Description: ORIGINAL LOTS BLOCK 9 PT LOTS 17 & 19 & 22 & 23
  • Lot Acreage: 0.17
  • Lvt Date: 01/28/2024
  • Number of Main Level Full Bathrooms: 1
  • Rear: 34.71
  • Side 1: 180.54
  • Side 2: 204.39
  • Stove Range Fuel: Electric
  • Style: Historic
  • Type: House
  • Agent Only_ L A1 User Code: F_2980
  • Egress: No
  • Elementary School: Galena
  • Estimated Total Finished Sq Ft: 810
  • Garage Type Driveway: None
  • Hold Earnest Money Y N: Yes
  • Pertinent Facts: If you are ready to start or expand your business in Galena, and not having any luck finding a commercial property, this could be the next best option: to renovate a historic property into exactly what you need. Access to all city utilities and zoned Downtown Commercial, the historic "Morrison House" can be restored into a residential home, restaurant, office, retail business and more. Property is in need of major renovation and is being sold AS-IS. Wide pedestrian walkway out front for downtown walking traffic, as well as a curb cut on the newly improved Hwy 20 to create on-site parking. Property has only been used for storage for the last 15 years, water and heat are off, but there is electricity. Seller is a licensed real estate agent. Property is also listed in the Commercial Class with MLS# 202400251
  • Rental License: No
  • Designated Managing Broker Y N: No
  • Estimated Above Grade Sq Ft: 810
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 2
  • Basement Type: Crawl Space
  • Master Bedroom: Dimensions: 17x13, On Level: Main
  • Bedroom 2: Dimensions: 13x10, On Level: Main
  • Full Bathrooms: 1
  • Total Bathrooms: 1

Exterior Features

  • Exterior: Brick/Stone, Siding, Wood
  • Roof: Shingle

Utilities

  • Heating: Forced Air
  • Sewer: City/Community
  • Water: City/Community

Building Info

  • Year Built: 1830

Tax Info

  • Year: 2022
  • Taxes: 1465

MLS Schools

  • HighSchool: Galena
  • School District: Galena
  • Middle School: Galena

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2024
Closed on
Mar 1, 2024
Sold by
Bought by
Seller's Agent
Ginger Zambrano
DC Rise Real Estate
Buyer's Agent
Lisa Radke
CHOICE REALTY OF GALENA
List Price
$88,000
Sold Price
$88,000
Views
61
Current Estimated Value
$141,179

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,179
Avg. Annual Appreciation
22.82%
Original Mortgage
$74,800
Outstanding Balance
$50,515
Interest Rate
6.18%
Mortgage Type
Construction
Estimated Equity
$90,664

Purchase Details

Closed on
Jun 26, 2023
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,000
Interest Rate
6.71%
Mortgage Type
Construction
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$88,000 Wilkinson Title Co
$460,000 Attorney Only
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $74,800
Previous Owner $368,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/01/2024 03/01/24 Sold $88,000 0.0% $109 / Sq Ft
02/06/2024 02/06/24 Pending -- -- --
01/28/2024 01/28/24 For Sale $88,000 -- $109 / Sq Ft
Source: NorthWest Illinois Alliance of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $2,218 $31,072 $2,385 $28,687
2024 $2,157 $27,970 $2,147 $25,823
2023 $1,609 $20,435 $2,544 $17,891
2022 $1,609 $17,562 $2,465 $15,097
2021 $1,442 $16,808 $2,900 $13,908
2020 $1,378 $15,604 $2,692 $12,912
2019 $1,385 $15,784 $2,692 $13,092
2018 $1,392 $16,241 $2,770 $13,471
2017 $1,333 $15,836 $2,701 $13,135
2016 $1,304 $15,836 $2,701 $13,135
2015 $759 $9,167 $2,701 $6,466
2014 $724 $9,167 $2,701 $6,466
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2024

    Ginger Zambrano

    DC Rise Real Estate

    Section Image
  • Leah Holt

    Seller Co-Listing Agent in 2024

    Leah Holt

    DC Rise Real Estate

    (815) 701-3326

    6 Total Sales

    Leah Holt
    Section Image
  • Lisa Radke

    Buyer's Agent in 2024

    Lisa Radke

    CHOICE REALTY OF GALENA

    (815) 494-8965

    48 Total Sales

    Lisa Radke
    Section Image
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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202400296

NorthWest Illinois Alliance of REALTORS®

APN: 22-100-636-00

Illinois Jo Daviess County Galena 61036

347 Spring St, Galena, IL

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.

NorthWest Illinois Alliance of REALTORS® 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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