NOT LISTED FOR SALE

401 W Broadway Iola, IL 62838

Estimated Value: $197,000 - $277,000

2 Beds
2 Baths
7,250 Sq Ft
$34/Sq Ft Est. Value

Sale Details

Date Sold: December 2, 2021

Last sale price $198,500 $27 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $1,623 / mo

158 Days on Market

Highlights

  • Deck
  • Porch
  • Ceiling Fan
  • Pole Barn
  • High Efficiency Air Conditioning
  • High Efficiency Heating System

About This Home

As of December 2021

MOTIVATED NEW PRICE of $209,000 Your Home & Business All In One Location! There are so many possibilities for this AMAZING 7250 sf building on a 1.49 acre corner lot. Do the math this property is a BARGIN, This is their home and was a C store, liquor store, dinner & auto repair service turning the corner lot into a thriving business. Health has changed life and now it is time to pass on the dream so lets learn more. The upper living quarters offer 2000+ sq ft of living space with an upper deck with views for miles. The quality and style is amazing with an open concept style that is functional and beautiful. The lower level features the corner store & diner plus the owner says the carry out beer & wine license should be available. The shop in back has all you need to be in business and it is set up to have heated floors just ready to be completed. Seller is willing to let most fixtures and equipment stay with the property. We know you will have questions so call to take a look today!

Last Agent to Sell the Property

Phil Wiley

WILEY REALTY GROUP License #471019822 Listed on: 05/22/2021

Last Buyer's Agent

Phil Wiley

WILEY REALTY GROUP License #471019822 Listed on: 05/22/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,535

Year Built

  • Built in 2005

Lot Details

  • 1.49

Parking

  • Garage

Interior Spaces

  • 2 Full Bathrooms
  • Ceiling Fan
  • Blinds
  • Sump Pump
  • Storage In Attic

Kitchen

  • Oven or Range
  • Microwave

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Pole Barn
  • Porch

Schools

  • North Clay Elementary School

Utilities

  • High Efficiency Air Conditioning
  • High Efficiency Heating System
  • Cable TV Available

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,535

Year Built

Built in 2005

Lot Details

1.49 Acres

Listing Details

  • Class: Residential
  • Type: Single Family
  • Legal Description: Lots 1, 2, 3, 4, 5, & 6 Block 2 Town of Larkinsburg (now Iola) 1.49 acres
  • Lvt Date: 05/25/2021
  • Year Built: 2005
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dryer, Microwave Oven, Refrigerator, Range/Oven, Washer
  • Interior Amenities: Attic Storage, Cable Tv Available, Blinds, Ceiling Fan
  • Total Bathrooms: 3
  • Total Full Baths: 2
  • Number of Main Level Full Bathrooms: 1
  • Total Half Baths: 1
  • Number of Main Level Half Bathrooms: 1
  • Bedrooms: 2
  • Master Bedroom: Dimensions: 23x16.5, On Level: Upper, Flooring: Hardwood
  • Basement Foundation: Poured
  • Master Bedroom Egress Window: Yes
  • Bathroom Master Bedroom: None
  • Bedroom 2: Dimensions: 16.5x12.25, On Level: Upper, Flooring: Hardwood
  • Bedroom 2 Egress Window: Yes
  • Informal Dining Room: Dimensions: 23.5x12.25
  • Kitchen: Dimensions: 24x12.5, On Level: Upper, Flooring: Vinyl
  • Kitchen Dining: Breakfast Bar, Dining/Living Combo, Eat-In Kitchen, Island
  • Laundry: Dimensions: 10.5x7, Flooring: Hardwood
  • Living Room: Dimensions: 23.5x17.75, On Level: Upper, Flooring: Laminate
  • Total Basement Sq Ft: 360
  • Price Per Sq Ft: 27.38
  • Finished Sq Ft: 7250
  • Total Sq Ft: 7250
  • Finished Main Level Sq Ft: 5050
  • Upper Level Finished Sq Ft: 2200

Exterior Features

  • Exterior: Aluminum Siding
  • Exterior Amenities: Deck, Pole Barn, Porch
  • Road Access: Paved
  • Roofing: Metal

Garage/Parking

  • Garage Parking: Attached, Carport, Gravel
  • Garage Yn: Yes

Utilities

  • Heating Cooling: Gas, Propane, 2+ Heating Systems, Hot Water, Propane Tank - Lease, 2+ Cooling Systems, Central Air, Whole House Fan, Window Unit
  • Utilities On: Yes
  • Water Sewer: Public Sewer, Public Water, Sump Pump

Schools

  • Elementary School: North Clay

Lot Info

  • Estimated Lot Size: 325x198
  • Estimated Number of Acres: 1.49
  • Lot Description: Corner, Level
  • Geo Subdivision: IL

Tax Info

  • Annual Taxes: 1535.45
  • Parcel Id Number Tax Id: 0134302001
  • Tax Exemptions: Homestead/Owner Occupied
  • Tax Year: 2020

MLS Schools

  • High School School District: North Clay
  • Middle School: Louisville

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2021
Closed on
Dec 2, 2021
Sold by
Weidner Lloyd R
Bought by
Cantrell Jesse Q and Cantrell Carissa R
Seller's Agent
Phil Wiley
WILEY REALTY GROUP
Buyer's Agent
Phil Wiley
WILEY REALTY GROUP
List Price
$239,000
Sold Price
$198,500
Premium/Discount to List
-$40,500
-16.95%
Current Estimated Value
$246,176

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,676
Avg. Annual Appreciation
5.04%
Original Mortgage
$198,500
Outstanding Balance
$182,519
Interest Rate
3.09%
Mortgage Type
Seller Take Back
Estimated Equity
$63,657
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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Purchase History

Date Buyer Sale Price Title Company
Cantrell Jesse Q $198,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cantrell Jesse Q $198,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/02/2021 12/02/21 Sold $198,500 -5.0% $27 / Sq Ft
10/27/2021 10/27/21 Pending -- -- --
08/31/2021 08/31/21 Price Changed $209,000 -12.6% $29 / Sq Ft
05/22/2021 05/22/21 For Sale $239,000 -- $33 / Sq Ft
Source: RMLS Alliance

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 $3,921 $59,258 $3,064 $56,194
2023 $3,850 $54,996 $2,844 $52,152
2022 $4,074 $55,015 $2,564 $52,451
2021 $1,861 $34,602 $2,520 $32,082
2020 $1,475 $33,207 $2,418 $30,789
2019 $1,535 $33,207 $2,418 $30,789
2018 $1,567 $31,000 $2,176 $28,824
2017 $1,612 $30,446 $2,137 $28,309
2016 $2,135 $29,368 $2,061 $27,307
2015 $2,187 $29,368 $2,061 $27,307
2013 $1,590 $24,960 $2,061 $22,899
2012 $2,252 $23,995 $1,981 $22,014
Source: Public Records

Agents Affiliated with this Home

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Map

Source: RMLS Alliance

MLS Number: EB439618

RMLS Alliance

APN: 01-34-302-001

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