408 W Locust St Lanark, IL 61046
Estimated Value: $77,000 - $143,000
Highlights
- Deck
- Porch
- Central Air
- Eastland Elementary School Rated A-
- Brick or Stone Mason
- Baseboard Heating
About This Home
As of August 2015REQUIREMENTS: Days in MLS – 1 through 20 – open to owner occupancy buyers used as their primary residences, or owner occupancy buyers used for 2nd home ONLY – 21 days and after open to all buyers. FMFL This property is eligible under the Freddie Mac First Look Initiative through 5-13-15. Investor offers would be eligible for review and acceptance on 5-14-15. Property sold "As Is" – NO WARRANTIES. All offers presented to listing agent must have the buyers sign the Freddie Mac Addendum to Contract - copies of all forms in Associated Documents in MLS, 17 pages. Also, all offers must have a letter of pre-qualification from a bank. Cash offers need letter from bank with proof of funds to close. Property must be in the MLS for 48 hours before any offers will be considered by Seller. If multiple offers come in, buyer will have to sign form giving highest and best offer. Nice older 2 story home - spacious (2024 square footage of living space), formal living room and dining room plus an eat-in kitchen and an addition of family room on the main floor with gas log fireplace. Large main floor full bath, with laundry room in it. Master bedroom has lots of closet space, small half bath in upper level. Large 3 season room off family room and exit to deck and backyard. Very large 22x48 detached garage/shed built in 1950. You really should take a look at this one. Please see Private Remarks for current promotions and closing date requirements, etc.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,232
Year Built
- Built in 1908
Lot Details
- 7,405 Sq Ft Lot
Home Design
- Brick or Stone Mason
- Shingle Roof
Interior Spaces
- 2-Story Property
- Gas Fireplace
- Basement Fills Entire Space Under The House
- Dishwasher
- Laundry on main level
Bedrooms and Bathrooms
- 3 Bedrooms
- Primary Bedroom Upstairs
Parking
- 2 Car Garage
- Driveway
Outdoor Features
- Deck
- Porch
Schools
- Eastland Elementary And Middle School
- Eastland High School
Utilities
- Central Air
- Baseboard Heating
- Electric Water Heater
Ownership History
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sheldon Phillips D | $43,100 | Attorney Only |
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Sheldon Phillips D | $32,250 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/27/2015 08/27/15 | Sold | $43,000 | -38.5% | $21 / Sq Ft |
| 07/27/2015 07/27/15 | Pending | -- | -- | -- |
| 04/22/2015 04/22/15 | For Sale | $69,900 | -- | $35 / Sq Ft |
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 | $2,278 | $37,445 | $2,810 | $34,635 |
| 2023 | $2,278 | $33,433 | $2,509 | $30,924 |
| 2022 | $1,942 | $29,851 | $2,240 | $27,611 |
| 2021 | $2,016 | $29,851 | $2,240 | $27,611 |
| 2020 | $1,912 | $28,534 | $2,240 | $26,294 |
| 2019 | $1,982 | $28,534 | $2,240 | $26,294 |
| 2018 | $1,986 | $28,534 | $2,240 | $26,294 |
| 2017 | $2,066 | $28,534 | $2,240 | $26,294 |
| 2016 | $2,165 | $30,997 | $2,240 | $28,757 |
| 2015 | $2,147 | $30,997 | $2,240 | $28,757 |
| 2014 | $2,141 | $30,997 | $2,240 | $28,757 |
| 2013 | $2,141 | $30,997 | $2,240 | $28,757 |
Map
Source: NorthWest Illinois Alliance of REALTORS®
MLS Number: 115860
APN: 06-10-05-304-009
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