NOT LISTED FOR SALE

502 Ridge Ln Eureka, IL 61530

Estimated Value: $190,000 - $244,000

3 Beds
2.5 Baths
1,396 Sq Ft
$155/Sq Ft Est. Value

Last Sold June 28, 2021

Last sale price $142,000 $102 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $1,556/month

14 Days on Market

Highlights

  • Fireplace in Kitchen
  • Ranch Style House
  • 2 Car Attached Garage
  • Eureka High School Rated A-
  • Bonus Room
  • Central Air

About This Home

As of June 2021

Ranch style home with spacious rooms, fireplace in eat-in kitchen with built-in oven and cooktop, sliding glass doors to deck, main floor laundry, cedar closets in bedrooms. Family room, kitchenette & 3/4 bath in basement. Shingles are approximately 5 years old. Direct access to park through city owned property behind house.

Last Agent to Sell the Property

Bryan Betts

Mahaffey/Betts Realty License #471004737 Listed on: 05/14/2021

Last Buyer's Agent

Non Member

NON MEMBER

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,572

Year Built

  • Built in 1975

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 91x125x71x131

HOA Fees

  • $1 per month

Parking

  • 2 Car Attached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Ranch Style House

Interior Spaces

  • 1,396 Sq Ft Home
  • Gas Log Fireplace
  • Bonus Room
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms

Finished Basement

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

Schools

  • Eureka Elementary School
  • Eureka Jr High Middle School
  • Eureka High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions
  • Senior Freeze Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,572

Year Built

Built in 1975

Lot Details

0

HOA Fees

$1 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Subdivision Name: Not Applicable
  • Year Built: 1975
  • Age: 41-50 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: Full
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Gas Log
  • Fireplaces: 1
  • LivingArea: 1396
  • Room Type: Bonus Room
  • Estimated Total Finished Sq Ft: 2440
  • Basement Description: Finished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Fireplace Location: Kitchen
  • Total Sq Ft: 2792

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick,Wood Siding

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 10
  • Association Fee Frequency: Annually
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Eureka Elementary
  • High School: Eureka High School
  • Middle/Junior School: Eureka Jr High

Lot Info

  • Lot Size Acres: 0.253
  • Lot Dimensions: 91X125X71X131
  • Rural (Y/N): N
  • Lot Size: .25-.49 Acre
  • Special Assessments: U
  • Zero Lot Line: No

Rental Info

  • Board Number: 23
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 2572.36
  • Tax Year: 2020
  • Tax Exemptions: Homeowner,Senior,Senior Freeze

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2021
Closed on
Jun 29, 2021
Sold by
Bill Verda J
Bought by
Franklin Elizabeth K and Anderson Lonnie
Seller's Agent
Bryan Betts
Mahaffey/Betts Realty
Buyer's Agent
Non Member
NON MEMBER
List Price
$159,900
Sold Price
$142,000
Premium/Discount to List
-$17,900
-11.19%
Current Estimated Value
$216,867

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,867
Avg. Annual Appreciation
9.87%
Original Mortgage
$134,900
Outstanding Balance
$122,587
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$94,280
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Franklin Elizabeth K $148,000 Woodford County Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Franklin Elizabeth K $134,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2021 06/28/21 Sold $142,000 -5.3% $102 / Sq Ft
05/28/2021 05/28/21 Pending -- -- --
05/23/2021 05/23/21 Price Changed $149,900 -6.3% $107 / Sq Ft
05/14/2021 05/14/21 For Sale $159,900 -- $115 / 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 $5,042 $70,799 $10,022 $60,777
2023 $4,479 $64,745 $9,165 $55,580
2022 $4,239 $58,512 $8,538 $49,974
2021 $4,120 $55,252 $8,062 $47,190
2020 $2,572 $56,809 $8,062 $48,747
2019 $2,575 $57,187 $8,116 $49,071
2018 $2,555 $57,170 $8,114 $49,056
2017 $2,577 $56,604 $8,034 $48,570
2016 $3,820 $56,604 $8,034 $48,570
2015 $2,179 $55,191 $7,833 $47,358
2014 $2,179 $53,766 $7,631 $46,135
2013 $2,179 $53,766 $7,631 $46,135
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11088104

Midwest Real Estate Data (MRED)

APN: 13-13-221-011