NOT LISTED FOR SALE

401 SW Water St Unit 806 Peoria, IL 61602

Downtown Peoria Neighborhood

Estimated Value: $325,000 - $426,204

2 Beds
2 Baths
2,236 Sq Ft
0.5 Acres

Last Sold July 31, 2020

Last sale price $320,000 $143 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $3,009/month

14 Days on Market

Highlights

  • Ranch Style House
  • Porch
  • Bar
  • Hydromassage or Jetted Bathtub
  • Wet Bar
  • Patio

About This Home

As of July 2020

Warehouse District/Downtown living at its best! The top floor, corner, unit 806 of this historic building is the finest of all condo living! This 2 bedroom, 2 full bath unit boasts every unique detail you can think of as well as many high end amenities. The panoramic breathtaking views of both the Illinois River and Downtown Peoria can be enjoyed from every room as well as the two charming balconies! This pristine home features over 2300 sq. ft., original maple flooring, custom cherry cabinetry, exposed brick walls and 12 ft. high ceilings! The perfect floorpan for entertaining, with the prime spot for July 4th fireworks, this open kitchen boasts quartz countertops, double ovens, warming drawer, a large island and large pantry! This premier location is walking distance to a growing restaurant district, Peoria Civic Center, Gateway Building, farmers market and Peoria Museum, all offering non stop entertainment! Don't miss the opportunity to have one of the best river views in the area!

Last Agent to Sell the Property

Laurie Pearl

Keller Williams Premier Realty License #475136403 Listed on: 06/10/2020

Keller Williams Premier Realty

Last Buyer's Agent

Mary Davis

Gallery Homes Real Estate License #475159029

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,378

Year Built

  • Built in 2001

Lot Details

  • 0.5

Parking

  • Garage

Home Design

  • Ranch Style House

Interior Spaces

  • Wet Bar
  • Wired For Sound
  • Bar
  • Ceiling Fan
  • Window Treatments

Kitchen

  • Oven or Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Full Bathrooms
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Patio
  • Porch

Utilities

  • Water Softener is Owned
  • Cable TV Available

Community Details

Overview

  • Association fees include landscaping, maintenance/grounds, snow removal, ext/cmn area rpr & maint, insurance/common area, insurance/structure, security, taxes/common area, trash collection, utilities (see remarks)

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,378

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Ranch
  • Unit Style: 1-Level
  • Legal Description: 401 SW WATER STREET CONDO SE 1/4 SEC 9-8N-8E UNIT 806
  • Lvt Date: 06/10/2020
  • Year Built: 2001
  • Senior Community: No
  • Conversion: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dryer, Dishwasher, Disposal, Hood/Fan, Microwave Oven, Refrigerator, Range/Oven, Washer, Water Softener - Owned
  • Elevator Served: Yes
  • Interior Amenities: Built-In Bar, Cable Tv Available, Jetted Tub, Wet Bar, Solid Surface Counter Top, Surround Sound Wiring, Ceiling Fan, Window Coverings
  • Total Bathrooms: 2
  • Total Full Baths: 2
  • Number of Main Level Full Bathrooms: 2
  • Bedrooms: 2
  • Master Bedroom: Dimensions: 19x11, On Level: Main, Flooring: Hardwood
  • Bathroom Master Bedroom: Full
  • Bedroom 2: Dimensions: 18x11, On Level: Main, Flooring: Hardwood
  • Great Room: Dimensions: 50x17, On Level: Main, Flooring: Hardwood
  • Kitchen: Dimensions: 18x16, On Level: Main, Flooring: Hardwood
  • Kitchen Dining: Breakfast Bar, Dining Informal, Pantry
  • Additional Room 1: Dimensions: 19x7, On Level: Main, Flooring: Hardwood
  • Additional Room 1 Description: Foyer
  • Price Per Sq Ft: 143.11
  • Finished Sq Ft: 2236
  • Total Sq Ft: 2236
  • Finished Main Level Sq Ft: 2236

Exterior Features

  • Exterior: Brick
  • Exterior Amenities: Patio, Porch

Garage/Parking

  • Garage Parking: Attached, Guest Parking, On Street Parking, Parking Garage
  • Garage Yn: Yes
  • Number Cars: 2

Utilities

  • Heating Cooling: Electric, Forced Air, Water Heater - Electric, Central Air
  • Utilities On: Yes
  • Water Sewer: Public Sewer, Public Water

Condo/Co-op/Association

  • HOA Fee Includes: Landscaping, Maintenance/Grounds, Snow Removal, Ext/Cmn Area Rpr & Maint, Insurance/Common Area, Insurance/Structure, Security, Taxes/Common Area, Trash Collection, Utilities (See Remarks)
  • Monthly Association Fee: 615
  • Condo Project Name: Water Street Condo
  • Condo: Yes
  • Monthly Mandatory Association: Yes

Schools

  • High School: Manual

Lot Info

  • Lot Description: River View
  • Subdivision: Unavailable
  • Geo Subdivision: IL

Rental Info

  • Pets Allowed: Yes
  • Rental Allowed: Yes

Tax Info

  • Annual Taxes: 9378.32
  • Parcel Id Number Tax Id: 18-09-412-018
  • Tax Year: 2018

MLS Schools

  • High School School District: Manual

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2020
Closed on
Jul 31, 2020
Sold by
Salmon Michael J and Salmon Becki F
Bought by
Dhillon Investments Llc
Seller's Agent
Laurie Pearl
Keller Williams Premier Realty
Buyer's Agent
Mary Davis
Gallery Homes Real Estate
List Price
$324,900
Sold Price
$320,000
Premium/Discount to List
-$4,900
-1.51%
Current Estimated Value
$386,068

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,068
Avg. Annual Appreciation
2.30%

Purchase Details

Closed on
Aug 23, 2019
Sold by
Ritschel Thomas A and Ritschel Dorothy M
Bought by
Salmon Michael J and Salmon Becki F

Purchase Details

Closed on
Jul 5, 2000
Bought by
Ritschel Thomas A and Ritschel Dorothy M
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
Dhillon Investments Llc $320,000 Cusack Gilfillan & Oday Llc
Salmon Michael J $314,000 None Listed On Document
Ritschel Thomas A $219,100 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2020 07/31/20 Sold $320,000 -1.5% $143 / Sq Ft
06/26/2020 06/26/20 For Sale $324,900 0.0% $145 / Sq Ft
06/24/2020 06/24/20 Pending -- -- --
06/10/2020 06/10/20 For Sale $324,900 -- $145 / Sq Ft
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
2024 $10,873 $120,210 $14,360 $105,850
2023 $10,376 $110,280 $13,170 $97,110
2022 $10,556 $109,430 $13,090 $96,340
2021 $10,361 $104,220 $12,470 $91,750
2020 $10,340 $103,190 $12,350 $90,840
2019 $10,489 $105,290 $12,600 $92,690
2018 $9,282 $106,310 $12,720 $93,590
2017 $9,292 $107,390 $12,850 $94,540
2016 $9,013 $107,390 $12,850 $94,540
2015 $8,866 $105,290 $12,600 $92,690
2014 $8,878 $107,310 $12,590 $94,720
2013 -- $108,610 $12,740 $95,870
Source: Public Records

Agents Affiliated with this Home

  • Laurie Pearl

    Seller's Agent in 2020

    Laurie Pearl

    Keller Williams Premier Realty

    (309) 208-8787

    1 in this area

    233 Total Sales

    Laurie Pearl
    Section Image
  • Mary Davis

    Buyer's Agent in 2020

    Mary Davis

    Gallery Homes Real Estate

    (309) 453-4334

    25 in this area

    413 Total Sales

    Mary Davis
    Section Image
See All Agents

Map

Source: RMLS Alliance

MLS Number: PA1215785

RMLS Alliance

APN: 18-09-412-018

Illinois Peoria County Peoria 61602 Downtown Peoria

401 SW Water St Unit 806, Peoria, IL

This home is located at 401 SW Water St Unit 806, Peoria, IL 61602 since 10 June 2020 and is currently estimated at $386,068, approximately $172 per square foot. This property was built in 2001. 401 SW Water St Unit 806 is a home located in Peoria County with nearby schools including Manual High School, St Mark School, and Christ Lutheran 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.

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