Seller's Agent in 2020
Jennifer Ames
Engel & Voelkers Chicago
(773) 908-3632
1 in this area
253 Total Sales
401 4th St Galena, IL 61036
Estimated Value: $456,000 - $562,000
2
Beds
3
Baths
--
Sq Ft
1.03
Acres
Highlights
- Mature Trees
- Deck
- Wood Flooring
- Galena Primary School Rated A-
- Wood Burning Stove
- Whirlpool Bathtub
About This Home
As of September 2020Be part of Galena's rich past with this unique historic home set on a magnificent 1+ acre lot overlooking historic Galena. Now known as The Dowman House, many original details have been preserved in this 1891 home that once served as the East Side School. The result is a special blend of historic character with modern updates. You enter into a dedicated foyer with double door entry and leaded glass transom windows. The large, lofty living area is ideal for entertaining. The great room includes 12-foot ceilings, a wood-burning fireplace and large windows with vintage shutters on three sides. A lofted seating area includes a wet bar and opens out to a deck. The lower level includes a kitchen, family room, sunroom, and another full bath. Other features include a beamed ceiling, stone walls and a fireplace, and a wine closet. A former classroom, the upper level includes two bedrooms, a full bath, and a spacious den/sleeping loft. This beautifully landscaped property has a terrace, koi pond, mature trees, and a circular gravel driveway. It is ideal as a weekend home or the ultimate staycation. The hometown of President Ulysses S. Grant, Galena is known for its historic downtown, charming shops, superb dining, and nearby golf courses and skiing areas. It is located in the Illinois Driftless Area, a region noted for its high hills, deep river valleys and scenic beauty.
Last Agent to Sell the Property
Engel & Voelkers Chicago License #475150488 Listed on: 07/22/2020
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $14,688
Year Built | Renovated
- 1891 | 2018
Lot Details
- Southern Exposure
- East or West Exposure
- Mature Trees
- Wooded Lot
Home Design
- Brick Exterior Construction
- Stone Foundation
Interior Spaces
- Wet Bar
- Wood Burning Stove
- Wood Burning Fireplace
- Entrance Foyer
- Den
- Sun or Florida Room
- Wood Flooring
- Storm Screens
Kitchen
- Breakfast Bar
- Walk-In Pantry
- Double Oven
- Cooktop
- Microwave
- Dishwasher
- Kitchen Island
Bedrooms and Bathrooms
- Primary Bathroom is a Full Bathroom
- Bathroom on Main Level
- Whirlpool Bathtub
Laundry
- Dryer
- Washer
Finished Basement
- English Basement
- Finished Basement Bathroom
Parking
- Parking Available
- Circular Driveway
- Gravel Driveway
- Parking Included in Price
Eco-Friendly Details
- North or South Exposure
Outdoor Features
- Balcony
- Deck
- Patio
Utilities
- SpacePak Central Air
- Forced Air Heating System
- Heating System Uses Gas
Listing and Financial Details
- $3,000 Seller Concession
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 16, 2022
Sold by
Gutman Daniel and Gutman Mary C
Bought by
Hubanks Joseph and Sanman Matthew
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,400
Outstanding Balance
$285,725
Interest Rate
5.12%
Mortgage Type
New Conventional
Estimated Equity
$206,556
Purchase Details
Listed on
Jul 22, 2020
Closed on
Sep 16, 2020
Sold by
Backman Jeff M
Bought by
Gutman Daniel
Seller's Agent
Jennifer Ames
Engel & Voelkers Chicago
Buyer's Agent
Jennifer Ames
Engel & Voelkers Chicago
List Price
$379,000
Sold Price
$365,000
Premium/Discount to List
-$14,000
-3.69%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.31%
Purchase Details
Closed on
Nov 16, 2018
Sold by
Brogan John J and Brogan Joanne
Bought by
Downey John M and Backman Jeffrey M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,000
Interest Rate
5.12%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Hubanks Joseph | $415,000 | Chicago Title Co | |
| Gutman Daniel | $365,000 | Old Republic Nat L Title | |
| Downey John M | $360,000 | Attorney Only |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Hubanks Joseph | $330,400 | |
| Previous Owner | Downey John M | $324,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/21/2020 09/21/20 | Sold | $365,000 | -3.7% | -- |
| 08/09/2020 08/09/20 | Pending | -- | -- | -- |
| 07/22/2020 07/22/20 | For Sale | $379,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $14,688 | $189,146 | $16,186 | $172,960 |
| 2023 | $12,351 | $154,291 | $13,203 | $141,088 |
| 2022 | $12,351 | $131,581 | $11,260 | $120,321 |
| 2021 | $10,641 | $121,721 | $10,416 | $111,305 |
| 2020 | $9,117 | $101,397 | $10,418 | $90,979 |
| 2019 | $9,052 | $101,397 | $10,418 | $90,979 |
| 2018 | $7,883 | $101,397 | $10,418 | $90,979 |
| 2017 | $7,738 | $101,397 | $10,418 | $90,979 |
| 2016 | $8,499 | $101,376 | $10,417 | $90,959 |
| 2015 | $8,542 | $101,376 | $10,417 | $90,959 |
| 2014 | $8,124 | $101,376 | $10,417 | $90,959 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: MRD10791140
APN: 06-500-198-00
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