$40,505
SOLD JUL 7, 2025

501 E 3rd St Gilman, IL 60938

3 Beds
2 Baths
1,800 Sq Ft
1912 Built

Recently Sold

$23 Per Sq Ft

17% Above List Price

4 Days on Market

Highlights

  • Bonus Room
  • Laundry Room
  • Family Room
  • Living Room
  • Dining Room

About This Home

As of July 2025

Large older home with corner lot and two car garage and is Sold AS IS and still occupied by the owner it will be vacant in the next 30 days, no showing just drive by and walk the property.

Last Agent to Sell the Property

Richard Smith

Smith's Real Estate Services, License #471000023 Listed on: 06/02/2025

Last Buyer's Agent

Elizabeth Botello

eXp Realty License #475187019

eXp Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1912

Lot Details

  • Lot Dimensions are 100x150
  • Property is zoned SINGL

Parking

  • 2 Car Garage

Interior Spaces

  • 1,800 Sq Ft Home
  • 2-Story Property
  • Family Room
  • Living Room
  • Dining Room
  • Bonus Room
  • Basement Fills Entire Space Under The House
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Full Bathrooms

Utilities

  • No Cooling
  • Heating System Uses Natural Gas

Home Details

Home Type

Single Family

Year Built

Built in 1912

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 1912
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Unfinished, Full
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • LivingArea: 1800
  • Room Type: Bonus Room
  • Estimated Total Finished Sq Ft: 0
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 34500
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: On Site, Garage Owned, Detached, Garage
  • ParkingTotal: 2

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Middle/Junior School District: 10

Lot Info

  • Lot Dimensions: 100X150
  • Zoning: SINGL
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 21

Tax Info

  • Tax Annual Amount: 2378
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2025
Closed on
Jun 27, 2025
Sold by
Champaign Investment Llc
Bought by
Garcia Janette
Seller's Agent
Richard Smith
Smith's Real Estate Services,
Buyer's Agent
Elizabeth Botello
eXp Realty
List Price
$34,500
Sold Price
$40,505
Premium/Discount to List
$6,005
17.41%
Views
13

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1353221137.93%

Purchase Details

Listed on
Jun 2, 2025
Closed on
Jun 11, 2025
Sold by
Intercounty Judicial Sales Corporation
Bought by
Champaign Investment Llc
Seller's Agent
Richard Smith
Smith's Real Estate Services,
Buyer's Agent
Elizabeth Botello
eXp Realty
List Price
$34,500
Sold Price
$40,505
Premium/Discount to List
$6,005
17.41%
Views
13

Purchase Details

Closed on
Nov 1, 2007
Bought by
Gregar Linda
Source: Public Records

Range of Values:

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Average Value
Not Available
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 $41,000 None Listed On Document
Deed -- None Listed On Document
Deed $50,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2025 07/07/25 Sold $40,505 +17.4% $23 / Sq Ft
06/06/2025 06/06/25 Pending -- -- --
06/02/2025 06/02/25 For Sale $34,500 -- $19 / 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 $2,577 $38,960 $7,980 $30,980
2023 $2,577 $36,850 $7,550 $29,300
2022 $2,378 $36,490 $7,480 $29,010
2021 $2,143 $31,190 $6,390 $24,800
2020 $2,126 $29,050 $5,950 $23,100
2019 $2,067 $28,090 $5,750 $22,340
2018 $2,003 $27,360 $5,600 $21,760
2017 $2,012 $26,880 $5,500 $21,380
2016 $2,015 $26,880 $5,500 $21,380
2015 $1,880 $26,540 $5,430 $21,110
2014 $1,880 $26,060 $5,330 $20,730
2013 $2,107 $27,210 $5,570 $21,640
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12381758

Midwest Real Estate Data (MRED)

APN: 17-31-402-001