NOT LISTED FOR SALE

502 S Bourne St Tolono, IL 61880

Estimated Value: $170,000 - $214,000

1 Bed
1 Bath
1,375 Sq Ft
$138/Sq Ft Est. Value

Last Sold July 09, 2021

Last sale price $162,500 $118 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $1,211/month

1 Day on Market

Highlights

  • Traditional Architecture
  • 1-Story Property
  • Forced Air Heating and Cooling System
  • 1 Car Attached Garage

About This Home

As of July 2021

One of a kind! This well maintained and updated home is located on a 1 acre lot just outside of town offering both privacy and a convenient location! This home is move in ready with beautifully refinished hardwood flooring on the first floor, freshly painted trim, an updated bathroom, kitchen, and a bonus room perfect for storage, crafts, or other hobbies. The basement is partially finished with a drop ceiling and finished walls in 3 rooms and even includes a half bath. With low maintenance vinyl siding, recently replaced HVAC, and updated electrical, this home is ready to go!

Last Listed By

Rodney Schweighart

KELLER WILLIAMS-TREC-TOLONO License #475157771 Listed on: 04/29/2021

KELLER WILLIAMS-TREC-TOLONO

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,467

Year Built

  • Built in 1911

Lot Details

  • 1.03 Acre Lot
  • Lot Dimensions are 180x236

Parking

  • 1 Car Attached Garage
  • Parking Space is Owned

Home Design

  • Traditional Architecture
  • Vinyl Siding

Interior Spaces

  • 1,375 Sq Ft Home
  • 1-Story Property

Kitchen

  • Range with Range Hood
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Potential Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Finished Basement

  • Partial Basement
  • Finished Basement Bathroom

Schools

  • Unity West Elementary School
  • Unity Junior High School
  • Unity High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • 200+ Amp Service
  • Private or Community Septic Tank

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,467

Year Built

Built in 1911

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple
  • ArchitecturalStyle: Traditional
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Year Built: 1911
  • 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
  • Legal Description: LOT 1 BATES SUBDIVISION
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Dishwasher, Washer, Dryer, Disposal, Range Hood
  • Basement: Partial
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Below Grade Finished Sq Ft: 150
  • LivingArea: 1375
  • Room Type: Other Room
  • Estimated Total Finished Sq Ft: 1525
  • Basement Description: Finished,Unfinished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 1375
  • Basement Sq Ft: 673
  • Total Sq Ft: 2048
  • Unfinished Basement Sq Ft: 523
  • Upper Level Sq Ft: 0
  • Main Level Sq Ft: 1375
  • Lower Level Sq Ft: 0
  • Unfinished Lower Sq Ft: 0

Exterior Features

  • List Price: 160000
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 1
  • Number of Cars: 1
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Septic-Private
  • Cooling: Central Air
  • Electric: 200+ Amp Service
  • Heating: Natural Gas, Electric, Forced Air
  • 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

  • Elementary School: Unity West Elementary School
  • High School: Unity High School
  • Middle/Junior School: Unity Junior High School
  • Middle/Junior School District: 7

Lot Info

  • Lot Size Acres: 1.03
  • Lot Dimensions: 180X236
  • Lot Size: 1.0-1.99 Acres
  • Special Assessments: N

Rental Info

  • Board Number: 22

Tax Info

  • Tax Annual Amount: 1467
  • Tax Year: 2019
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2021
Closed on
Jul 9, 2021
Sold by
Lough Diane
Bought by
Hayes Osric N and Hayes Caroline G
Seller's Agent
Rodney Schweighart
KELLER WILLIAMS-TREC-TOLONO
Buyer's Agent
Jim Waller
Coldwell Banker R.E. Group
Sold Price
$162,500
Total Days on Market
1
Current Estimated Value
$192,177

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,677
Avg. Annual Appreciation
4.17%
Original Mortgage
$130,000
Outstanding Balance
$119,630
Interest Rate
3.15%
Mortgage Type
New Conventional
Estimated Equity
$70,237

Purchase Details

Listed on
May 11, 2016
Closed on
May 23, 2016
Sold by
Suits Brett L and Suits Kayla
Bought by
Lough Diane
Seller's Agent
Scott Bechtel
KELLER WILLIAMS-TREC
Buyer's Agent
Zebo Zebe
KELLER WILLIAMS-TREC-TOLONO
List Price
$138,900
Sold Price
$137,000
Premium/Discount to List
-$1,900
-1.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.49%
Original Mortgage
$109,600
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 21, 2011
Sold by
Dees Denise and Rasmussen Marie
Bought by
Meharry Mark F and Meharry Brian F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,625
Interest Rate
4.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 20, 2011
Sold by
Bates D D and Bosch Mary M
Bought by
Meharry Mark F and Meharry Brian F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,625
Interest Rate
4.85%
Mortgage Type
New Conventional

Range of Values:

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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
Hayes Osric N $162,500 Attorney
Lough Diane $137,000 None Available
Meharry Mark F $6,500 None Available
Suits Brett L -- None Available
Suits Brett L $4,080 None Available
Meharry Mark F $25,500 None Available
Suits Brett L $20,500 None Available
Suits Brett L $93,021 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hayes Osric N $130,000
Previous Owner Lough Diane $109,600
Previous Owner Suits Brett L $111,625
Previous Owner Suits Brett L $111,625
Previous Owner Meharry Mark F $71,762
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2021 07/09/21 Sold $162,500 +1.6% $118 / Sq Ft
04/30/2021 04/30/21 Pending -- -- --
04/30/2021 04/30/21 For Sale -- -- --
04/29/2021 04/29/21 For Sale $160,000 +16.8% $116 / Sq Ft
07/18/2016 07/18/16 Sold $137,000 -1.4% $111 / Sq Ft
05/31/2016 05/31/16 Pending -- -- --
05/11/2016 05/11/16 For Sale $138,900 -- $112 / 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 $1,687 $38,500 $6,580 $31,920
2023 $1,687 $35,750 $6,110 $29,640
2022 $1,572 $33,230 $5,680 $27,550
2021 $1,483 $31,530 $5,390 $26,140
2020 $1,467 $30,820 $5,270 $25,550
2019 $1,584 $30,400 $5,200 $25,200
2018 $1,557 $30,400 $5,200 $25,200
2017 $1,556 $29,090 $4,980 $24,110
2016 $1,907 $27,810 $4,760 $23,050
2015 $1,374 $26,820 $4,590 $22,230
2014 $1,393 $19,900 $4,660 $15,240
2013 $1,391 $19,900 $4,660 $15,240
Source: Public Records

Agents Affiliated with this Home

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Source: Midwest Real Estate Data (MRED)

MLS Number: 11070153

Midwest Real Estate Data (MRED)

APN: 29-26-35-200-024