Seller's Agent in 2023
Tracey Gerard
Signature Heights Realty, LLC
(309) 241-2322
2 in this area
176 Total Sales
501 S 7th St Pekin, IL 61554
Downtown Pekin NeighborhoodEstimated Value: $233,000 - $270,000
5
Beds
2.5
Baths
3,306
Sq Ft
$75/Sq Ft
Est. Value
Highlights
- Corner Lot
- 2 Car Detached Garage
- Forced Air Heating System
- Fenced Yard
- Water Softener is Owned
- Wood Burning Fireplace
About This Home
As of November 2023This Picturesque, all brick home combines the best of the past with modern updates, offering a unique opportunity to own this elegant, historic residence in a thriving community. The 3+ floors of living spaces provide ample room for both relaxation and entertainment. The living room boasts a wood-burning fireplace, perfect for cozy evenings. The formal dining room, with its intricate moldings and hardwood floors, offers an ideal setting for hosting gatherings and celebrations. The private backyard is also perfect for outdoor barbecues and relaxation. The adorable kitchen combines the charm of the past with the luxury of modern amenities and the finished basement offers yet even more space to take advantage of. Take a tour for yourself and see if you're ready to say "yes" to this charming address.
Last Agent to Sell the Property
Signature Heights Realty, LLC Brokerage Phone: 309-241-2322 License #471019374 Listed on: 10/19/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,597
Year Built
- Built in 1929
Lot Details
- Lot Dimensions are 95x90
- Fenced Yard
- Corner Lot
- Level Lot
Parking
- 2 Car Detached Garage
Home Design
- Shingle Roof
- Slate Roof
Interior Spaces
- 3,306 Sq Ft Home
- 3-Story Property
- Wood Burning Fireplace
- Living Room with Fireplace
- Partially Finished Basement
- Basement Fills Entire Space Under The House
Kitchen
- Oven or Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 5 Bedrooms
Laundry
- Dryer
- Washer
Schools
- Pekin Community High School
Utilities
- Forced Air Heating System
- Heating System Uses Gas
- Gas Water Heater
- Water Softener is Owned
Community Details
- Colts Addition Subdivision
Listing and Financial Details
- Homestead Exemption
- Assessor Parcel Number 04-10-02-104-010
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 19, 2023
Closed on
Nov 30, 2023
Sold by
Lowery Cole and Lowery Cheyenne Huls
Bought by
Gullett Helen Sue
Seller's Agent
Tracey Gerard
Signature Heights Realty, LLC
Buyer's Agent
Adam Merrick
Adam Merrick Real Estate
List Price
$224,900
Sold Price
$210,000
Premium/Discount to List
-$14,900
-6.63%
Views
88
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,536
Avg. Annual Appreciation
9.11%
Original Mortgage
$190,000
Outstanding Balance
$186,924
Interest Rate
7.63%
Mortgage Type
New Conventional
Estimated Equity
$59,612
Purchase Details
Closed on
Mar 31, 2023
Sold by
Carter Richard D and Carter Caitlyn M
Bought by
Lowery Cole and Lowery Cheyenne Huls
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
6.32%
Mortgage Type
New Conventional
Purchase Details
Listed on
Dec 4, 2018
Closed on
Jan 29, 2019
Sold by
Sours Steven and Sours Allison
Bought by
Carter Richard D and Carter Caitlyn M
Seller's Agent
Jared O'Brien
Jim Maloof Realty, Inc.
Buyer's Agent
Jared O'Brien
Jim Maloof Realty, Inc.
List Price
$169,900
Sold Price
$168,000
Premium/Discount to List
-$1,900
-1.12%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.92%
Original Mortgage
$144,787
Interest Rate
4.5%
Mortgage Type
VA
Purchase Details
Closed on
Jul 12, 2012
Sold by
Pruitt Jerry L and Pruitt Barbara T
Bought by
Sours Steven
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,870
Interest Rate
3.75%
Mortgage Type
FHA
Purchase Details
Closed on
Dec 1, 2005
Sold by
Smith Robert J
Bought by
Pruitt Jerry L and Pruitt Barbara T
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,400
Interest Rate
6.17%
Mortgage Type
New Conventional
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Gullett Helen Sue | $210,000 | None Listed On Document | |
| Lowery Cole | $200,000 | -- | |
| Carter Richard D | $168,000 | County Title | |
| Sours Steven | $183,000 | Chicago Title | |
| Pruitt Jerry L | $173,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Gullett Helen Sue | $190,000 | |
| Previous Owner | Lowery Cole | $190,000 | |
| Previous Owner | Carter Richard D | $144,787 | |
| Previous Owner | Sours Steven | $166,870 | |
| Previous Owner | Pruitt Jerry L | $138,400 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/30/2023 11/30/23 | Sold | $210,000 | -4.5% | $64 / Sq Ft |
| 10/28/2023 10/28/23 | Pending | -- | -- | -- |
| 10/23/2023 10/23/23 | Price Changed | $219,900 | -2.2% | $67 / Sq Ft |
| 10/19/2023 10/19/23 | For Sale | $224,900 | +33.9% | $68 / Sq Ft |
| 02/01/2019 02/01/19 | Sold | $168,000 | -1.1% | $50 / Sq Ft |
| 12/13/2018 12/13/18 | Pending | -- | -- | -- |
| 12/04/2018 12/04/18 | For Sale | $169,900 | -- | $50 / Sq Ft |
Source: RMLS Alliance
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 | $4,928 | $64,390 | $5,430 | $58,960 |
| 2023 | $4,928 | $59,790 | $5,040 | $54,750 |
| 2022 | $4,597 | $55,750 | $4,700 | $51,050 |
| 2021 | $4,078 | $50,090 | $4,520 | $45,570 |
| 2020 | $4,041 | $50,090 | $4,520 | $45,570 |
| 2019 | $3,985 | $50,090 | $4,520 | $45,570 |
| 2018 | $3,883 | $50,090 | $4,520 | $45,570 |
| 2017 | $4,245 | $55,500 | $4,520 | $50,980 |
| 2016 | $4,157 | $54,420 | $4,440 | $49,980 |
| 2015 | $4,418 | $0 | $0 | $0 |
| 2013 | $4,324 | $57,910 | $4,350 | $53,560 |
Source: Public Records
Agents Affiliated with this Home
-
Tracey Gerard
-
Adam Merrick
Buyer's Agent in 2023
Adam Merrick
Adam Merrick Real Estate
(309) 273-1806
38 in this area
4,292 Total Sales
-
Jared O'Brien
Seller's Agent in 2019
Jared O'Brien
Jim Maloof Realty, Inc.
(309) 256-4374
381 Total Sales
Map
Source: RMLS Alliance
MLS Number: PA1246242
APN: 04-10-02-104-010
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