$175,430
SOLD JUL 28, 2016

407 S Spring Lake Rd Mahomet, IL 61853

3 Beds
2 Baths
2,214 Sq Ft
0.5 Acres

Recently Sold

$79 Per Sq Ft

3% Below List Price

98 Days on Market

Highlights

  • Attached Garage
  • Patio
  • Baseboard Heating
  • Breakfast Bar
  • Dry Bar
  • Wood Burning Fireplace

About This Home

As of July 2016

What a fabulous and rare find! Nicely tucked away under a mature canopy of trees sits your own 2,214 square foot home on a 5 acre private lake. This home has been beautifully updated and offers multiple living spaces. A new roof in 2005, siding and windows in 2004, an expanded kitchen for cooking and entertaining, and much more. All bedrooms are generously sized, as well as the bathrooms. The 155 foot deep lot gives you a great setback off the property as well as fabulous lake views and western sunsets. If you pay attention to the Mahomet market these lake properties do not come up often, so don't miss your chance. Property also offers a 12 x 20 outbuilding and garden shed.

Last Agent to Sell the Property

Nate Evans

eXp Realty-Mahomet License #475124281 Listed on: 02/29/2016

eXp Realty-Mahomet

Last Buyer's Agent

Cheryl Mumm

BRONZE KEY REALTY License #475129572

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,767

Year Built

  • 1975

HOA Fees

  • $29 per month

Parking

  • Attached Garage

Home Design

  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • Dry Bar
  • Wood Burning Fireplace

Kitchen

  • Breakfast Bar
  • Cooktop with Range Hood
  • Dishwasher

Utilities

  • One Cooling System Mounted To A Wall/Window
  • Radiant Heating System
  • Baseboard Heating
  • Well
  • Mechanical Septic System

Additional Features

  • Patio
  • East or West Exposure

Listing and Financial Details

  • $2,000 Seller Concession

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,767

Year Built

1975

Lot Details

0

HOA Fees

$29 per month

Parking

2

Listing Details

  • Property Type: Detached Single
  • Age: 41-50 Years
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Number Interior Fireplaces: 1
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 1.1
  • Total Sq Ft: 2214
  • Estimated Year Built: 1975
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1975

Interior Features

  • Interior Property Features: Bar-Dry
  • Living Room: Dimensions: 15X17, On Level: Main Level, Flooring: Carpet
  • Appliances: Cooktop, Dishwasher, Range Hood, Refrigerator
  • Equipment: TV-Cable
  • Fireplace Details: Wood Burning
  • Basement: Slab
  • Bedrooms All Levels: 3
  • Above Grade Bedrooms: 3
  • Dining Room: On Level: Main Level, Flooring: Ceramic Tile
  • Kitchen Type: Dimensions: 15X18, On Level: Main Level, Flooring: Ceramic Tile
  • Kitchen Type: Eating Area-Table Space
  • Master Bedroom: Dimensions: 12X17, On Level: 2nd Level, Flooring: Carpet
  • Bedroom 2: Dimensions: 15X13, On Level: 2nd Level, Flooring: Carpet
  • Bedroom 3: Dimensions: 15X11, On Level: 2nd Level, Flooring: Carpet
  • Estimated Sq Ft: 2214
  • Estimated Total Finished Sq Ft: 2214
  • Lower Level Sq Ft: 1100
  • Upper Level Sq Ft: 1114
  • Dining Room Type: Separate
  • Family Room: Dimensions: 15X13, On Level: Main Level, Flooring: Carpet

Exterior Features

  • Exterior Building Type: Vinyl Siding
  • Waterfront: Yes
  • Exterior Property Features: Patio
  • Exposure: E (East)

Garage/Parking

  • Number of Cars: 2
  • Parking: Garage
  • Garage Type: Attached
  • Number Garage Spaces: 2

Utilities

  • Air Conditioner: 1 (Window/Wall Unit)
  • Water: Well-Private
  • Sewer: Septic-Mechanical
  • Heating Fuel: Electric, Baseboard, Radiant

Condo/Co-op/Association

  • Fee Frequency: Annual
  • Assessment Association Fees: 350

Schools

  • School District: CUSD
  • Elementary School: MAHOMET
  • Middle School: MAHOMET
  • High School: MAHOMET
  • Junior High Dist: CUSD

Lot Info

  • Lot Dimensions: 135X155
  • Parcel Identification Number: 151317301041

Tax Info

  • Taxes: 2545

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 29, 2016
Closed on
Jul 22, 2016
Sold by
Sparrow William D
Bought by
Wegrzyn Emily Marie
Seller's Agent
Nate Evans
eXp Realty-Mahomet
Buyer's Agent
Cheryl Mumm
BRONZE KEY REALTY
List Price
$180,000
Sold Price
$175,430
Premium/Discount to List
-$4,570
-2.54%
Current Estimated Value
$273,161

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,731
Avg. Annual Appreciation
4.90%
Original Mortgage
$175,430
Interest Rate
3.54%
Mortgage Type
VA
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 Type Sale Price Title Company
Warranty Deed $175,500 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $224,600 New Conventional
Closed $164,730 VA
Closed $164,730 VA
Closed $175,430 VA
Previous Owner $159,600 New Conventional
Previous Owner $39,400 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2016 07/28/16 Sold $175,430 -2.5% $79 / Sq Ft
06/06/2016 06/06/16 Pending -- -- --
02/29/2016 02/29/16 For Sale $180,000 +7.1% $81 / Sq Ft
07/15/2015 07/15/15 Sold $168,000 -11.5% $76 / Sq Ft
05/28/2015 05/28/15 Pending -- -- --
03/30/2015 03/30/15 For Sale $189,900 -- $86 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $3,767 $67,690 $18,210 $49,480
2023 $3,767 $61,530 $16,550 $44,980
2022 $3,459 $56,710 $15,250 $41,460
2021 $3,252 $53,600 $14,410 $39,190
2020 $3,187 $52,700 $14,170 $38,530
2019 $3,279 $51,870 $13,950 $37,920
2018 $3,004 $50,750 $13,650 $37,100
2017 $2,908 $48,940 $13,160 $35,780
2016 $3,076 $48,940 $13,160 $35,780
2015 $2,611 $48,940 $13,160 $35,780
2014 $2,546 $46,580 $12,520 $34,060
2013 $2,539 $46,580 $12,520 $34,060
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09424970

Midwest Real Estate Data (MRED)

APN: 15-13-17-301-041