NOT LISTED FOR SALE

40 Terrace Ln Granite City, IL 62040

Estimated Value: $211,000 - $242,000

3 Beds
2 Baths
1,512 Sq Ft
$152/Sq Ft Est. Value

Last Sold May 19, 2023

Last sale price $199,900 $132 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $1,621/month

54 Days on Market

Highlights

  • Ranch Style House
  • Formal Dining Room
  • 2 Car Attached Garage
  • Sun or Florida Room
  • Stainless Steel Appliances
  • Brick or Stone Mason

About This Home

As of May 2023

Beautiful, well-built brick home in matured neighborhood. This gorgeous ranch provides main floor living with a nice sunroom and spacious heated, two car garage. The stone fireplace and the large living room will certainly catch your eye upon entering the home. The home boasts big rooms, large closets and lots of natural light. The primary and secondary bathrooms have been recently updated. A nice vinyl fence encloses the backyard to entertain family, guests or just have privacy. The basement is an open canvas to complete or use as storage. The stonework, walking paths and landscaping are fresh and adds a nice curb appeal. Laundry services are conveniently available on both levels. This beautiful home is located in the sought after Oaklawn Terrace. Please allow 24 hour response time to offers.

Last Agent to Sell the Property

Monica Buss Lemp

Keller Williams Marquee License #475.184942 Listed on: 03/23/2023

Keller Williams Marquee

Last Buyer's Agent

Julie Mayfield

Keller Williams Marquee License #475119652

Keller Williams Marquee

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,979

Year Built

  • Built in 1959

Lot Details

  • 0.37 Acre Lot
  • Fenced
  • Level Lot

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Ranch Style House
  • Traditional Architecture
  • Brick or Stone Mason

Interior Spaces

  • Fireplace Features Masonry
  • Gas Fireplace
  • Insulated Windows
  • Six Panel Doors
  • Living Room with Fireplace
  • Formal Dining Room
  • Sun or Florida Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Built-In Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Enclosed Glass Porch

Schools

  • Granite City Dist 9 Elementary And Middle School
  • Granite City High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 22-2-20-08-07-203-007

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,979

Year Built

Built in 1959

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Style: 1 Story
  • Style Description: Ranch
  • Cross Street: Oaklawn
  • Municipality Township: Granite City
  • Special Areas: Sun Room
  • Special Description: Owner Occupied
  • Age: 64
  • Ownership: Private
  • Year Built: 1959
  • Directions: Pontoon Road to Terrace Lane; corner lot.
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement: Full
  • Bedroom Types: Main Floor Master
  • Dining Room: Separate Dining
  • Fireplace Location: Living Room
  • Fireplace Type: Full Masonry, Gas
  • Main Level Bedrooms: 3
  • Main Full Bathrooms: 2
  • Misc Features: Porch-Glass Enclosed
  • Total Living Area: 1512.00
  • Windows/Doors: 6 Panel Door(s), Some Insulated Wndws
  • Appliances: Dishwasher, Electric Cooktop, Microwave, Refrigerator, Stainless Steel Appliances, Wall Oven
  • Bathrooms: 2.00
  • Bedrooms: 3.00
  • Room Cnt: 10
  • Square Footage: 1512
  • Square Footage Below Grade: 1512
  • Total Full Baths: 2
  • Number Fireplaces: 1

Exterior Features

  • Architecture: Traditional
  • Construction: Brick/Stone Msn Pred

Garage/Parking

  • Garage Spaces: 2
  • Parking: Attached Garage, Garage Door Opener

Utilities

  • Sewer: Public
  • Water: Public
  • Water Heater: Gas
  • Cooling: Central-Electric
  • Heating: Forced Air

Schools

  • Elementary School: GRANITE CITY DIST 9
  • Junior High School: GRANITE CITY DIST 9
  • School District: Granite City DIST 9
  • Senior High School: Granite City

Lot Info

  • Lot Description: Fencing, Level Lot, Streetlights
  • Lot Dimensions: 120x135 IRR
  • Lot Sq Ft: 16117
  • Acres: 0.3700

Tax Info

  • Taxes Paid: 5057
  • Taxes Paid Year: 2021
  • Assessor Parcel Number: 22-2-20-08-07-203-007

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2023
Closed on
May 19, 2023
Sold by
Fisher Frank J and Loving Victoria
Bought by
Mayer Heather and Overall Talisha Sheree
Seller's Agent
Monica Buss Lemp
Keller Williams Marquee
Buyer's Agent
Julie Mayfield
Keller Williams Marquee
List Price
$209,900
Sold Price
$199,900
Premium/Discount to List
-$10,000
-4.76%
Views
149
Current Estimated Value
$229,409

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,509
Avg. Annual Appreciation
5.81%
Original Mortgage
$189,905
Outstanding Balance
$183,143
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$46,266

Purchase Details

Listed on
Aug 10, 2020
Closed on
Mar 18, 2021
Sold by
Fisher Frank J
Bought by
Fisher Frank J and Loving Victoria
Seller's Agent
Melanie Phillips
Berkshire Hathaway HomeServices Select Properties
Buyer's Agent
Susie Johnson
Just Wright Realty
List Price
$184,500
Sold Price
$175,000
Premium/Discount to List
-$9,500
-5.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.26%
Original Mortgage
$6,000
Interest Rate
2.73%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 10, 2020
Closed on
Mar 11, 2021
Sold by
Homyer Russell and Homyer Debra
Bought by
Fisher Frank J
Seller's Agent
Melanie Phillips
Berkshire Hathaway HomeServices Select Properties
Buyer's Agent
Susie Johnson
Just Wright Realty
List Price
$184,500
Sold Price
$175,000
Premium/Discount to List
-$9,500
-5.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,000
Interest Rate
2.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 22, 2010
Sold by
Noeth Fred E and Noeth Mary G
Bought by
Homyer Russell and Homyer Debra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
4.16%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Mayer Heather $200,000 Metro Title & Escrow Co
Fisher Frank J -- Metro Title & Escrow Co
Fisher Frank J $175,000 Metro Title & Escrow Co
Homyer Russell $150,000 Metro Title & Escrow Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mayer Heather $189,905
Previous Owner Fisher Frank J $6,000
Previous Owner Fisher Frank J $171,830
Previous Owner Homyer Russell $72,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/19/2023 05/19/23 Sold $199,900 0.0% $132 / Sq Ft
05/17/2023 05/17/23 Pending -- -- --
04/07/2023 04/07/23 Price Changed $199,900 -4.8% $132 / Sq Ft
03/23/2023 03/23/23 For Sale $209,900 +19.9% $139 / Sq Ft
03/11/2021 03/11/21 Sold $175,000 -2.5% $116 / Sq Ft View Prior Sale
01/27/2021 01/27/21 Pending -- -- --
12/18/2020 12/18/20 Price Changed $179,500 -1.4% $119 / Sq Ft
12/11/2020 12/11/20 Price Changed $182,000 -1.4% $120 / Sq Ft
11/20/2020 11/20/20 Price Changed $184,500 0.0% $122 / Sq Ft
11/20/2020 11/20/20 For Sale $184,500 -2.6% $122 / Sq Ft
11/10/2020 11/10/20 Pending -- -- --
11/02/2020 11/02/20 For Sale $189,500 +8.3% $125 / Sq Ft
10/31/2020 10/31/20 Off Market $175,000 -- --
10/01/2020 10/01/20 Price Changed $189,500 -1.3% $125 / Sq Ft
09/25/2020 09/25/20 Price Changed $192,000 -1.3% $127 / Sq Ft
08/20/2020 08/20/20 For Sale $194,500 0.0% $129 / Sq Ft
08/10/2020 08/10/20 Pending -- -- --
08/10/2020 08/10/20 For Sale $194,500 -- $129 / Sq Ft
Source: MARIS MLS

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 $4,979 $63,130 $10,170 $52,960
2023 $4,979 $56,900 $9,170 $47,730
2022 $5,418 $52,130 $8,400 $43,730
2021 $5,057 $48,890 $7,880 $41,010
2020 $4,305 $46,700 $7,530 $39,170
2019 $4,150 $44,290 $8,470 $35,820
2018 $4,030 $42,990 $8,220 $34,770
2017 $3,954 $44,580 $8,520 $36,060
2016 $4,055 $44,580 $8,520 $36,060
2015 $3,656 $44,580 $8,520 $36,060
2014 $3,656 $44,580 $8,520 $36,060
2013 $3,656 $44,580 $8,520 $36,060
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MARIS MLS

MLS Number: MIS23012611

MARIS MLS

APN: 22-2-20-08-07-203-007