NOT LISTED FOR SALE

502 S Kankakee St Wilmington, IL 60481

Estimated Value: $183,000 - $276,508

3 Beds
1 Bath
1,000 Sq Ft
$234/Sq Ft Est. Value

Last Sold August 29, 2023

Last sale price $250,000 $250 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $1,528/month

2 Days on Market

Highlights

  • Property is near a park
  • Ranch Style House
  • Forced Air Heating and Cooling System
  • L.J. Stevens Intermediate School Rated A-
  • Laundry Room
  • Combination Kitchen and Dining Room

About This Home

As of August 2023

Corner lot! Beautifully updated and ready for new owners. New Roof, soffits and fascia. New Furnace; New Central Air; New Windows; New Hot Water Heater; New Siding; Full Village Permits For Renovation! Gorgeous new kitchen with quartz countertops, blue, shaker style cabinets and all stainless appliances. All new Flooring, including luxury vinyl plank flooring and all new carpet. All new interior paint, fixtures and lighting. Close to downtown shopping, dining and entertainment. Full unfinished basement, fireplace in living room.Please view the 3-D tour and schedule your private showing TODAY! NOTHING TO DO BUT MOVE ON IN!!!

Last Agent to Sell the Property

Neil Gates

Chase Real Estate LLC License #475174838 Listed on: 07/21/2023

Co-Listed By

Denise Sperekas

HomeSmart Realty Group License #475163182

Last Buyer's Agent

Janet Palomares

RE/MAX 10 License #475162851

RE/MAX 10

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,522

Lot Details

  • Lot Dimensions are 69 x 60
  • Paved or Partially Paved Lot

Home Design

  • Ranch Style House
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,000 Sq Ft Home
  • Family Room
  • Living Room with Fireplace
  • Combination Kitchen and Dining Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Laundry Room

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 1 Full Bathroom

Parking

  • 2 Parking Spaces
  • Driveway
  • Uncovered Parking
  • Off-Street Parking
  • Parking Included in Price

Location

  • Property is near a park

Schools

  • Stevens Intermediate School
  • Wilmington Middle School
  • Wilmington High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,522

Lot Details

0

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
  • Age: Unknown
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator
  • Basement: Full
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplaces: 1
  • LivingArea: 1000
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Kitchen/Dining Combo
  • Total Sq Ft: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Estimated

Exterior Features

  • List Price: 249700
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Parking Features: Off Street, Driveway
  • ParkingTotal: 2
  • Number of Cars: 2
  • Driveway: Concrete
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heating: Natural Gas, Forced Air
  • Laundry Features: In Unit
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Park, Curbs, Sidewalks, Street Lights, Street Paved
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Stevens Intermediate School
  • High School: Wilmington High School
  • Middle/Junior School: Wilmington Middle School
  • Middle/Junior School District: 209U

Lot Info

  • Lot Dimensions: 69 X 60
  • Rural (Y/N): N
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 2522
  • Tax Year: 2021
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2023
Closed on
Aug 28, 2023
Sold by
Bmn Builders Inc
Bought by
Martinez Jason E and Martinez Ashlee Marie
Seller's Agent
Neil Gates
Chase Real Estate LLC
Buyer's Agent
Janet Palomares
RE/MAX 10
List Price
$249,700
Sold Price
$250,000
Premium/Discount to List
$300
0.12%
Views
32
Current Estimated Value
$233,877

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$16,123
Avg. Annual Appreciation
-4.17%
Original Mortgage
$10,000
Outstanding Balance
$4,207
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$225,459

Purchase Details

Listed on
Jul 1, 2022
Closed on
Sep 22, 2022
Sold by
United States Department Of Housing And
Bought by
Bmn Builders Inc
Seller's Agent
Cindy Pease
Pease Real Estate
Buyer's Agent
Christian Chase
Chase Real Estate LLC
List Price
$89,000
Sold Price
$85,489
Premium/Discount to List
-$3,511
-3.94%
Views
29

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
217.04%
Original Mortgage
$68,366
Interest Rate
5.13%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 29, 2022
Sold by
Wells Fargo Bank Na
Bought by
Secretary Of Housing And Urban Development
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 Buyer Sale Price Title Company
Martinez Jason E $250,000 None Listed On Document
Bmn Builders Inc $85,489 Lakeland Title Services
Secretary Of Housing And Urban Development -- Logs Legal Group Llp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martinez Jason E $10,000
Open Martinez Jason E $245,471
Previous Owner Bmn Builders Inc $68,366
Previous Owner Sterling Terry W $138,649
Previous Owner Sterling Terry W $131,000
Previous Owner Sterling Terry W $99,800
Previous Owner Sterling Terry W $92,397
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2023 08/29/23 Sold $250,000 +0.1% $250 / Sq Ft
07/24/2023 07/24/23 Pending -- -- --
07/21/2023 07/21/23 For Sale $249,700 +192.1% $250 / Sq Ft
09/23/2022 09/23/22 Sold $85,489 -3.9% $85 / Sq Ft
08/02/2022 08/02/22 Pending -- -- --
07/01/2022 07/01/22 For Sale $89,000 -- $89 / 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
2023 $3,043 $45,656 $7,596 $38,060
2022 $2,730 $41,344 $6,879 $34,465
2021 $2,569 $38,585 $6,420 $32,165
2020 $2,522 $37,570 $6,251 $31,319
2019 $2,485 $36,830 $6,128 $30,702
2018 $2,431 $35,991 $5,988 $30,003
2017 $2,260 $33,621 $5,594 $28,027
2016 $2,027 $30,887 $5,139 $25,748
2015 $2,058 $30,148 $5,016 $25,132
2014 $2,058 $30,453 $5,067 $25,386
2013 $2,058 $32,452 $5,400 $27,052
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11837662

Midwest Real Estate Data (MRED)

APN: 03-17-36-113-010