NOT LISTED FOR SALE

502 E Lorena Ave Wood River, IL 62095

Estimated Value: $112,000 - $167,479

3 Beds
2 Baths
1,263 Sq Ft
$117/Sq Ft Est. Value

Last Sold July 18, 2023

Last sale price $155,000 $123 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $978/month

38 Days on Market

Highlights

  • Traditional Architecture
  • Security System Owned
  • Level Lot
  • 1 Car Detached Garage
  • Forced Air Heating and Cooling System

About This Home

As of July 2023

Located at 502 E Lorena Ave in Wood River, IL, this charming 3-bedroom, 2-bathroom bungalow is now available for sale. The property is lovingly maintained and boasts a cozy and inviting living room, perfect for relaxing with family or friends. The finished basement is a great space for entertaining guests, while the large laundry room provides ample storage for all your essentials.
The kitchen and bathrooms are well-maintained and offer plenty of storage and counter space. Outdoors, you will find a back deck with an above-ground pool - ideal for summer entertainment - as well as fresh landscaping that adds to the property's charm. There is off street parking and a detached garage. This property is fenced in, providing privacy and security. This bungalow is perfect for those looking for a comfortable home in a peaceful neighborhood.

Last Agent to Sell the Property

Nicholas Schranck

Landmark Realty License #475.194759 Listed on: 06/09/2023

Last Buyer's Agent

Don Hellrung

Landmark Realty License #475149649

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1922

Lot Details

  • 6,251 Sq Ft Lot
  • Lot Dimensions are 50x120
  • Level Lot

Parking

  • 1 Car Detached Garage
  • Garage Door Opener
  • Off Alley Parking

Home Design

  • Traditional Architecture
  • Bungalow
  • Vinyl Siding

Interior Spaces

  • 1.5-Story Property
  • Security System Owned

Kitchen

  • Gas Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom

Schools

  • Wood River-Hartford Dist 15 Elementary And Middle School
  • East Alton/Wood River High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 19-2-08-27-06-104-015

Home Details

Home Type

Single Family

Year Built

Built in 1922

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Style: 1.5 Story
  • Style Description: Bungalow / Cottage
  • Special Description: Owner Occupied
  • Age: 101
  • Ownership: Private
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement: Bathroom in LL, Full
  • Lower Full Bathrooms: 1
  • Main Level Bedrooms: 2
  • Main Full Bathrooms: 1
  • Misc Features: Security Alarm-Owned
  • Total Living Area: 1263.00
  • Appliances: Dishwasher, Disposal, Range/Oven-Gas, Refrigerator
  • Bathrooms: 2.00
  • Bedrooms: 3.00
  • Room Cnt: 10
  • Square Footage: 884
  • Square Footage Below Grade: 379
  • Total Full Baths: 2

Exterior Features

  • Architecture: Traditional
  • Construction: Vinyl Siding

Garage/Parking

  • Garage Spaces: 1
  • Parking: Alley Access, Detached, Garage Door Opener

Utilities

  • Sewer: Public
  • Water: Public
  • Water Heater: Electric
  • Cooling: Central-Electric
  • Heating: Forced Air

Schools

  • Elementary School: WOOD RIVER-HARTFORD DIST 15
  • Junior High School: WOOD RIVER-HARTFORD DIST 15
  • School District: Wood River-Hartford DIST 15
  • Senior High School: East Alton/Wood River

Lot Info

  • Lot Description: Level Lot
  • Lot Dimensions: 50x120
  • Lot Sq Ft: 6251
  • Acres: 0.1435

Tax Info

  • Taxes Paid: 1993
  • Taxes Paid Year: 2021
  • Assessor Parcel Number: 19-2-08-27-06-104-015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2023
Closed on
Jul 18, 2023
Sold by
Bentley James P and Bentley Tracy L
Bought by
Johnston Ian M and Johnston Tina M
Seller's Agent
Nicholas Schranck
Landmark Realty
Buyer's Agent
Don Hellrung
Landmark Realty
List Price
$135,000
Sold Price
$155,000
Premium/Discount to List
$20,000
14.81%
Views
50
Current Estimated Value
$148,120

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,880
Avg. Annual Appreciation
-1.82%
Original Mortgage
$120,000
Outstanding Balance
$117,373
Interest Rate
7.25%
Mortgage Type
New Conventional
Estimated Equity
$30,747
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Johnston Ian M $155,000 Serenity Title & Escrow
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnston Ian M $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/18/2023 07/18/23 Sold $155,000 +14.8% $123 / Sq Ft
06/09/2023 06/09/23 For Sale $135,000 -- $107 / Sq Ft
Source: MARIS MLS

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 $2,430 $34,240 $4,300 $29,940
2023 $2,430 $31,920 $4,010 $27,910
2022 $2,270 $29,460 $3,700 $25,760
2021 $1,993 $27,460 $3,450 $24,010
2020 $1,927 $26,440 $3,320 $23,120
2019 $1,842 $25,650 $3,220 $22,430
2018 $1,778 $24,380 $3,060 $21,320
2017 $1,658 $23,800 $2,990 $20,810
2016 $1,628 $23,800 $2,990 $20,810
2015 $1,617 $23,550 $2,960 $20,590
2014 $1,617 $23,550 $2,960 $20,590
2013 $1,617 $23,890 $3,000 $20,890
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MARIS MLS

MLS Number: MIS23031043

MARIS MLS

APN: 19-2-08-27-06-104-015