NOT LISTED FOR SALE

40 Lookout Trace Galena, IL 61036

Estimated Value: $302,000 - $356,000

3 Beds
2 Baths
1,539 Sq Ft
$214/Sq Ft Est. Value

Last Sold December 13, 2019

Last sale price $184,000 $120 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $2,276/month

32 Days on Market

Highlights

  • Deck
  • Wooded Lot
  • Main Floor Primary Bedroom
  • River Ridge Middle School Rated 10
  • Vaulted Ceiling
  • Solid Surface Countertops

About This Home

As of December 2019

This 3 bed/2 bath home is nestled into the trees on a 1.36 acre wooded property located on a quiet cul-de-sac at the end of Lookout Trace, with seasonal elevated views. The quality of workmanship and materials used in the home is evident the moment you walk through the door. The main level great room has a warm and inviting feel which is accomplished by the beautiful windows throughout, floor to ceiling cultured stone fireplace, hardwood floors, 6 panel doors and vaulted wood ceiling. The adjacent dining area has access to the screen porch and also to the generous main level deck. Hickory cabinets, pantry and an eat-at counter are found in the kitchen. The master bedroom is located on the main level also. The lower level has another 2 guest bedrooms, bath and laundry. You will also find an unfinished room in the lower level which could be used in a multitude of ways: storage, workshop, etc. A new roof in 2016, newer exposed aggregated sidewalk, asphalt driveway. All making this home a must see.

Last Agent to Sell the Property

Diane Self

EAGLE RIDGE REALTY License #475104134 Listed on: 09/23/2019

Last Buyer's Agent

MICHAEL FERRY

CHOICE REALTY License #475175454

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,316

Year Built

  • Built in 1997

Lot Details

  • 1.36 Acre Lot
  • Property fronts a county road
  • Wooded Lot

HOA Fees

  • $93 Monthly HOA Fees

Parking

  • Paved Parking

Home Design

  • Shingle Roof
  • Cement Board or Planked

Interior Spaces

  • Wood Ceilings
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Window Treatments
  • Screened Porch
  • Home Security System

Kitchen

  • Stove
  • Microwave
  • Dishwasher
  • Solid Surface Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Laundry in Basement

Outdoor Features

  • Deck
  • Storage Shed

Schools

  • Scales Mound Elementary And Middle School
  • Scales Mound High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Propane
  • Electric Water Heater
  • Fuel Tank
  • Septic System

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,316

Year Built

Built in 1997

Lot Details

0

HOA Fees

$93 per month

Listing Details

  • Interior Amenities: Ceiling Fans/Remotes, Ceiling-Vaults/Cathedral, Ceiling-Wood Decorative, Countertop-Solid Surface, Security System, Window Treatments
  • Road Frontage: County/City Road, Hard Surface Road
  • Type: Wooded, Panorama
  • Electric: Circuit Breaker
  • Additional Room 6: L, On Level: Lower
  • Appliances That Stay or Are Included: Dishwasher, Dryer, Microwave, Refrigerator, Stove/Cooktop, Washer, LP Gas Tank
  • Class: HOUSE
  • Estimated Above Grade Sq Ft: 810
  • Estimated Below Grade Finished Sq Ft: 729
  • Front: 143
  • General Features: Deck, Security System, Laundry Basement, Porch 3 Season, Porch Covered, Porch Screened, Storage Shed
  • Grid: Galena Territory
  • Hoa Fee Frequency: Yearly
  • Lot Acreage: 1.36
  • Lvt Date: 09/24/2019
  • Rear: 176
  • Side 1: 381
  • Side 2: 382
  • Type: House
  • Agent Only_ L A1 User Code: F_53
  • Egress: Yes
  • Elementary School: Scales Mound
  • Estimated Total Finished Sq Ft: 1539
  • Garage Type Driveway: Asphalt, None
  • Hold Earnest Money Y N: Yes
  • Pertinent Facts: This 3 bed/2 bath home is nestled into the trees on a 1.36 acre wooded property located on a quiet cul-de-sac at the end of Lookout Trace, with seasonal elevated views. The quality of workmanship and materials used in the home is evident the moment you walk through the door. The main level great room has a warm and inviting feel which is accomplished by the beautiful windows throughout, floor to ceiling cultured stone fireplace, hardwood floors, 6 panel doors and vaulted wood ceiling. The adjacent dining area has access to the screen porch and also to the generous main level deck. Hickory cabinets, pantry and an eat-at counter are found in the kitchen. The master bedroom is located on the main level also. The lower level has another 2 guest bedrooms, bath and laundry. You will also find an unfinished room in the lower level which could be used in a multitude of ways: storage, workshop, etc. A new roof in 2016, newer exposed aggregated sidewalk, asphalt driveway. All making this home a must see.
  • Rental License: No
  • Designated Managing Broker Y N: No
  • L O1 Brokerage Number: 478027388
  • S O1 Brokerage Number: 481011435
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 3
  • Basement Type: Full
  • Master Bedroom: On Level: Main
  • Fireplace Type: Wood
  • Basement: Basement Entrance, Finished
  • Bedroom 2: On Level: Lower
  • Bedroom 3: On Level: Lower
  • Dining Room: On Level: Main
  • Fireplace: Yes
  • Full Bathrooms: 2
  • Kitchen: On Level: Main
  • Living Room: On Level: Main
  • Number Of Fireplaces: 1
  • Price Per Sq Ft: 119.56
  • Total Bathrooms: 2
  • Basement: Yes

Exterior Features

  • Exterior: Cement Board
  • Roof: Shingle

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Propane
  • Sewer: Septic
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA Fees: 1119

Schools

  • School District: Scales Mound
  • Elementary School: Scales Mound
  • Middle School: Scales Mound
  • High School: Scales Mound
  • Elementary School #2: Scales Mound

Building Info

  • Year Built: 1997

Tax Info

  • Year: 2018
  • Taxes: 4316

MLS Schools

  • HighSchool: Scales Mound
  • School District: Scales Mound
  • Middle School: Scales Mound

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2019
Closed on
Dec 13, 2019
Sold by
Torcasso Vincent N
Bought by
Mendonsa Robert
Seller's Agent
Diane Self
EAGLE RIDGE REALTY
Buyer's Agent
MICHAEL FERRY
CHOICE REALTY
List Price
$197,000
Sold Price
$184,000
Premium/Discount to List
-$13,000
-6.6%
Current Estimated Value
$328,731

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$144,731
Avg. Annual Appreciation
10.45%
Original Mortgage
$104,000
Outstanding Balance
$91,870
Interest Rate
3.7%
Mortgage Type
Construction
Estimated Equity
$236,861

Purchase Details

Closed on
Nov 20, 2017
Sold by
Moore Linda K
Bought by
Torcasso Vincent N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,920
Interest Rate
4.75%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Mendonsa Robert $181,000 Security First Title
Torcasso Vincent N $170,100 Security First Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mendonsa Robert $104,000
Previous Owner Torcasso Vincent N $166,920
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/13/2019 12/13/19 Sold $184,000 -6.6% $120 / Sq Ft
10/25/2019 10/25/19 Pending -- -- --
09/23/2019 09/23/19 For Sale $197,000 -- $128 / Sq Ft
Source: NorthWest Illinois Alliance of REALTORS®

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 $5,284 $99,784 $3,272 $96,512
2023 $5,037 $87,209 $2,860 $84,349
2022 $5,037 $65,081 $2,134 $62,947
2021 $4,132 $60,355 $1,979 $58,376
2020 $4,431 $63,345 $1,789 $61,556
2019 $4,346 $62,286 $1,759 $60,527
2018 $4,316 $63,049 $1,781 $61,268
2017 $4,286 $63,049 $1,781 $61,268
2016 $4,226 $63,067 $12,991 $50,076
2015 $4,175 $63,067 $12,991 $50,076
2014 $4,265 $67,253 $13,853 $53,400
Source: Public Records

Agents Affiliated with this Home

  • Diane Self

    Seller's Agent in 2019

    Diane Self

    EAGLE RIDGE REALTY

    (815) 281-0397

    111 Total Sales

    Diane Self
    Section Image

  • M

    Buyer's Agent in 2019

    MICHAEL FERRY

    CHOICE REALTY

    (815) 990-9745

    60 Total Sales

    MICHAEL FERRY
    Section Image
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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 122726

NorthWest Illinois Alliance of REALTORS®

APN: 08-117-011-00

Illinois Jo Daviess County Galena 61036

40 Lookout Trace, Galena, IL

This home is located at 40 Lookout Trace, Galena, IL 61036 since 23 September 2019 and is currently estimated at $328,731, approximately $213 per square foot. This property was built in 1997. 40 Lookout Trace is a home located in Jo Daviess County with nearby schools including River Ridge Elementary School, River Ridge Middle School, and River Ridge 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.

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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