NOT LISTED FOR SALE

470 Territory Dr Galena, IL 61036

Estimated Value: $582,962 - $659,000

5 Beds
4.5 Baths
4,623 Sq Ft
$137/Sq Ft Est. Value

Last Sold November 04, 2022

Last sale price $475,000 $103 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $4,392/month

155 Days on Market

Highlights

  • Golf Course View
  • Deck
  • 2 Fireplaces
  • River Ridge Middle School Rated 10
  • Vaulted Ceiling
  • Great Room

About This Home

As of November 2022

Welcome to the Territory Timber Lodge nestled on a 2.24 acres hillside! Stunning Timber Peg architecture (post & beam style), constructed of yellow pine beams mortised and tenoned together by craftsmen, then joined with wooden pegs. This beautiful home has been updated with two new Natural Gas furnaces (2020), two new central air units (2020), two new Natural Gas water heaters (2020), new roof shingles and skylights in 2019 and in 2021 the LP fuel tank was decommissioned by Ferrellgas. Upon entry into the main floor, you'll find the Great Room with high beamed ceilings, wood floors, stone hearth wood burning fireplace, adjoining wet bar, informal dining area (with sliding door deck access), kitchen, mud room and screened porch. The Great Room opens to generous decking for outdoor entertaining while you admire the grounds with many perennials, hardscape walkways, limestone retailing walls, golf course views and dramatic long vistas. Above the Great Room level, you'll find the Master Bedroom En-Suite with a large walk-in/thru closet, second wood burning fireplace, private deck, full bathroom with dual vanities and adjacent home office/bedroom/hobby room and a second full bathroom. Entering the third floor with vaulted beamed ceilings, three newer skylights (2019), two guest bedrooms and a guest bath. The walkout lower level has a large family room with 18-inch tile throughout, wood burning fireplace, kitchenette set-up, bedroom, bathroom, laundry room & a total house water filter. Sliding glass doors lead to an exposed aggregate patio and the professionally landscaped grounds. The driveway is exposed aggregate blending to the paver stone front walkway. Enjoy the covered front porch, leaded glass front door & upper story stairway window and two car garage. High speed internet is available through Mediacom and in Summer of 2022 Sand Prairie is scheduled to complete the Territory Drive Fiber Optics installation. List(s) of furnishing inclusions & exclusions, many of the improvements since ownership in Associated Documents. Seller is offering a 1-year AHS Shield-Essential home warranty plan ($475 value). The wood burning Fireplaces are shown with computer graphics.

Last Agent to Sell the Property

Peter Brennan

COLDWELL BANKER NETWORK REALTY License #471008765 Listed on: 05/05/2022

COLDWELL BANKER NETWORK REALTY

Last Buyer's Agent

Damon Heim

COLDWELL BANKER NETWORK REALTY License #471000758

COLDWELL BANKER NETWORK REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,513

Lot Details

  • 2.24 Acre Lot

HOA Fees

  • $205 Monthly HOA Fees

Property Views

  • Golf Course Views
  • Countryside Views

Home Design

  • Shingle Roof
  • Cedar

Interior Spaces

  • Wet Bar
  • Built-in Bookshelves
  • Wood Ceilings
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • 2 Fireplaces
  • Window Treatments
  • Great Room
  • Screened Porch
  • Home Security System

Kitchen

  • Electric Range
  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Parking

  • 2 Car Garage
  • Garage Door Opener
  • Driveway

Outdoor Features

  • Deck
  • Fire Pit

Schools

  • River Ridge Elementary And Middle School
  • River Ridge High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Water Softener
  • Septic System

Community Details

  • Association fees include pool access, water access, clubhouse, internet

Listing and Financial Details

  • Home warranty included in the sale of the property

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,513

Lot Details

0

HOA Fees

$205 per month

Listing Details

  • Interior Amenities: Bar-Wet, Book Cases Built In, Ceiling Fans/Remotes, Ceiling-Vaults/Cathedral, Ceiling-Wood Decorative, CO Detectors, Security System, Walk-In Closet, Window Treatments
  • Road Frontage: Hard Surface Road
  • Type: Golf Course Frontage, Country View, Golf Course View, Panorama
  • Electric: Circuit Breaker
  • Additional Room 5: Bedroom, Dimensions: 14'10x13'10, On Level: Lower
  • Appliances That Stay or Are Included: Dishwasher, Dryer, Microwave, Refrigerator, Stove/Cooktop, Washer, Water Softener
  • Class: HOUSE
  • Estimated Above Grade Sq Ft: 1321
  • Estimated Below Grade Finished Sq Ft: 1321
  • Fee Includes: Pool Access, Water Access, Clubhouse, Internet
  • Front: 186
  • General Features: Deck, Full Exposure, Great Room, Home Warranty, Security System, Skylight(s), Deck-Leveled, Fire-Pit/Fireplace, Laundry Other, Patio-Brick Paver, Porch Covered, Porch Screened
  • Grid: Galena Territory
  • Hoa Fee Frequency: Yearly
  • Legal Description: To follow on Deed
  • Lot Acreage: 2.24
  • Number of Lower Level Full Bathrooms: 1
  • Number of Upper Level Full Bathrooms: 3
  • Number of Main Level Half Bathrooms: 1
  • Rear: 426
  • Side 1: 276
  • Side 2: 404
  • Stove Range Fuel: Electric
  • Type: House
  • Agent Only_ L A1 User Code: F_108
  • Egress: Yes
  • Elementary School: River Ridge
  • Estimated Total Finished Sq Ft: 4623
  • Estimated Upper Sq Ft: 1321
  • Garage Type Driveway: Detached, Garage Remote/Opener, Concrete
  • Hold Earnest Money Y N: Yes
  • Pertinent Facts: Welcome to the Territory Timber Lodge nestled on a 2.24 acres hillside! Stunning Timber Peg architecture (post & beam style), constructed of yellow pine beams mortised and tenoned together by craftsmen, then joined with wooden pegs. This beautiful home has been updated with two new Natural Gas furnaces (2020), two new central air units (2020), two new Natural Gas water heaters (2020), new roof shingles and skylights in 2019 and in 2021 the LP fuel tank was decommissioned by Ferrellgas. Upon entry into the main floor, you'll find the Great Room with high beamed ceilings, wood floors, stone hearth wood burning fireplace, adjoining wet bar, informal dining area (with sliding door deck access), kitchen, mud room and screened porch. The Great Room opens to generous decking for outdoor entertaining while you admire the grounds with many perennials, hardscape walkways, limestone retailing walls, golf course views and dramatic long vistas. Above the Great Room level, you'll find the Master Bedroom En-Suite with a large walk-in/thru closet, second wood burning fireplace, private deck, full bathroom with dual vanities and adjacent home office/bedroom/hobby room and a second full bathroom. Entering the third floor with vaulted beamed ceilings, three newer skylights (2019), two guest bedrooms and a guest bath. The walkout lower level has a large family room with 18-inch tile throughout, wood burning fireplace, kitchenette set-up, bedroom, bathroom, laundry room & a total house water filter. Sliding glass doors lead to an exposed aggregate patio and the professionally landscaped grounds. The driveway is exposed aggregate blending to the paver stone front walkway. Enjoy the covered front porch, leaded glass front door & upper story stairway window and two car garage. High speed internet is available through Mediacom and in Summer of 2022 Sand Prairie is scheduled to complete the Territory Drive Fiber Optics installation. List(s) of furnishing inclusions & exclusions, many of the improvements since ownership in Associated Documents. Seller is offering a 1-year AHS Shield-Essential home warranty plan ($475 value). The wood burning Fireplaces are shown with computer graphics.
  • Rental License: No
  • Designated Managing Broker Y N: No
  • Estimated Above Grade Sq Ft: 3302
  • L O1 Brokerage Number: 478010163
  • S O1 Brokerage Number: 478010163
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 5
  • Basement Type: Full
  • Master Bedroom: Dimensions: 23'5x14'6, On Level: Upper
  • Fireplace Type: Both Gas and Wood
  • Basement: Basement Entrance, Finished
  • Bedroom 2: Dimensions: 14'1x10'3, On Level: Upper
  • Bedroom 3: Dimensions: 18'1x12'4, On Level: Upper
  • Bedroom 4: Dimensions: 17'6x11'5, On Level: Upper
  • Dining Room: Yes, On Level: Main, Dimensions: 16'x12'
  • Family Room: Yes, On Level: Lower, Dimensions: 21'7x19'7
  • Fireplace: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Kitchen: Dimensions: 15'4x10'5, On Level: Main
  • Living Room: Yes, On Level: Main, Dimensions: 23'6x19'5
  • Number Of Fireplaces: 2
  • Price Per Sq Ft: 102.75
  • Recreation Room: No
  • Total Bathrooms: 4.5
  • Basement: Yes

Exterior Features

  • Exterior: Cedar
  • Roof: Shingle

Garage/Parking

  • Garage: 2

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Sewer: Septic
  • Water: City/Community
  • Water Heater: Natural Gas

Condo/Co-op/Association

  • HOA Fees: 2460

Schools

  • School District: River Ridge
  • Elementary School: River Ridge
  • Middle School: River Ridge
  • High School: River Ridge
  • Elementary School #2: River Ridge

Tax Info

  • Year: 2021
  • Taxes: 12513

MLS Schools

  • HighSchool: River Ridge
  • School District: River Ridge
  • Middle School: River Ridge

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2022
Closed on
Nov 2, 2022
Sold by
Denotto Mary E Trust
Bought by
Lennox John G and Trilling David W
Seller's Agent
Peter Brennan
COLDWELL BANKER NETWORK REALTY
Buyer's Agent
Damon Heim
COLDWELL BANKER NETWORK REALTY
List Price
$625,000
Sold Price
$475,000
Premium/Discount to List
-$150,000
-24%
Views
1
Current Estimated Value
$633,491

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$158,491
Avg. Annual Appreciation
10.18%
Source: Public Records

Range of Values:

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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
Lennox John G $475,000 Wilkinson Title Co
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/04/2022 11/04/22 Sold $475,000 -9.5% $103 / Sq Ft
10/07/2022 10/07/22 Pending -- -- --
09/21/2022 09/21/22 Price Changed $525,000 -8.7% $114 / Sq Ft
08/30/2022 08/30/22 Price Changed $575,000 -3.4% $124 / Sq Ft
07/20/2022 07/20/22 Price Changed $595,000 -4.8% $129 / Sq Ft
05/05/2022 05/05/22 For Sale $625,000 -- $135 / Sq Ft
Source: NorthWest Illinois Alliance of REALTORS®

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 $9,147 $179,163 $101,036 $78,127
2023 $8,815 $158,333 $88,303 $70,030
2022 $8,815 $203,203 $65,898 $137,305
2021 $12,513 $188,448 $61,113 $127,335
2020 $11,197 $164,490 $37,910 $126,580
2019 $10,977 $161,740 $37,276 $124,464
2018 $10,819 $163,721 $37,733 $125,988
2017 $10,633 $163,721 $37,733 $125,988
2016 $10,702 $167,946 $60,973 $106,973
2015 $10,645 $167,946 $60,973 $106,973
2014 $10,499 $179,096 $65,021 $114,075
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202202646

NorthWest Illinois Alliance of REALTORS®

APN: 08-420-047-00