NOT LISTED FOR SALE

4219 W Gracy Rd Mc Henry, IL 60050

Estimated Value: $335,000 - $981,000

79 Acres
$7,855 Price per Acre
3,441,240 Sq Ft Lot

Last Sold January 06, 2017

Last sale price $772,183

Est. 18% decrease in value since last sale

Current estimated payment $4,147/month

202 Days on Market

About This Lot

As of January 2017

79 acres of development land with older set of farm buildings. Subject property is surrounded on all 4 sides by the Village of Prairie Grove. There is a 1,074 acre development surrounding the 79 acres that is annexed into the Village of Prairie Grove and zoned for over 1,400 residential units plus 114 acres to set aside for commercial development. Excellent investment property or future development land. Land rented for $200 per acre for 65 acres. House could be rented for $600 to $800 per month.

Last Agent to Sell the Property

John Harding

Berkshire Hathaway HomeServices Starck Real Estate License #475055477 Listed on: 05/18/2016

Berkshire Hathaway HomeServices Starck Real Estate

Last Buyer's Agent

John Hartnett

Compass License #475159925

Compass

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,933

Lot Details

Parking

  • Parking Available

Home Design

  • Farmhouse Style Home
  • Frame Construction

Basement

  • Partial Basement
  • Basement Cellar

Utilities

  • Heating System Uses Propane

Property Details

Property Type

Land

Est. Annual Taxes

$7,933

Lot Details

0

Listing Details

  • Property Type: Land
  • Full Bathrooms: 1
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 1
  • Current Use: Agricultural/W Bldg
  • Number Rooms: 6
  • Ownership Type: Land Trust
  • Potential Use: Planned Unit Development, Residential-Multi-Family, Residential-Single Family, Zoning Change Required
  • Style Of House: Farmhouse
  • Type Detached: 2 Stories
  • Utilities To Site: Electric to Site, Septic-Private, Well-Private
  • Zoning Type: AGRIC
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Basement: Partial
  • Basement: Cellar
  • Above Grade Bedrooms: 3
  • Land Description: Dimensions to Center of Road, Horses Allowed, Level, Pond/Lake, Tillable, Wooded
  • Road Surface: Asphalt

Exterior Features

  • Lot Size: 25.0-99.99 Acres
  • Exterior Building Type: Frame
  • Acreage: 79
  • Construction: Stone
  • Frontage Access: Township Road
  • Front Footage: 1314

Garage/Parking

  • Parking: Space/s

Utilities

  • Heating Fuel: Propane

Schools

  • School District: 155
  • Junior High Dist: 47

Lot Info

  • Lot Dimensions: 1314 X 2618
  • Estimated Land Sq Ft: 3546702
  • Land Amenities: Garbage Removal, Horse Riding Area, Pond/Lake
  • Parcel Identification Number: 1415400003

Building Info

  • Building Improvements: 2 or More Barns, House and Out Bldgs
  • Buildings On Land: Yes

Rental Info

  • Lease Type: Gross

Tax Info

  • Taxes: 4742.84

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2016
Closed on
Dec 14, 2016
Sold by
Home State Bank Na
Bought by
Mrg Farm Llc
Seller's Agent
John Harding
Berkshire Hathaway HomeServices Starck Real Estate
Buyer's Agent
John Hartnett
Compass
List Price
$1,066,500
Sold Price
$772,183
Premium/Discount to List
-$294,317
-27.6%
Current Estimated Value
$631,188

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$140,995
Avg. Annual Appreciation
-2.14%
Original Mortgage
$352,000
Interest Rate
4.13%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mrg Farm Llc $772,184 Heritage Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mrg Farm Llc $500,000
Closed Mrg Frams Llc $352,000
Closed Mrg Farm Llc $352,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/06/2017 01/06/17 Sold $772,183 -27.6% --
12/06/2016 12/06/16 Pending -- -- --
05/18/2016 05/18/16 For Sale $1,066,500 -- --
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 $7,933 $104,471 $62,047 $42,424
2023 $7,782 $94,091 $55,944 $38,147
2022 $7,305 $85,841 $50,871 $34,970
2021 $6,882 $79,620 $46,772 $32,848
2020 $6,646 $75,591 $43,698 $31,893
2019 $5,938 $66,381 $45,941 $20,440
2018 $5,614 $61,662 $42,402 $19,260
2017 $5,587 $58,074 $39,580 $18,494
2016 $4,890 $54,567 $36,876 $17,691
2013 -- $48,986 $32,102 $16,884
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09231440

Midwest Real Estate Data (MRED)

APN: 14-15-400-003