503 S Lake of the Woods Rd Mahomet, IL 61853
Estimated Value: $227,000 - $253,627
3
Beds
1
Bath
3,200
Sq Ft
$75/Sq Ft
Est. Value
Highlights
- Mature Trees
- Corner Lot
- 2 Car Detached Garage
About This Home
As of January 2024Calling all Investors!! Check out this awesome real estate opportunity sitting on 1.8 Acres in Mahomet. Could be your future location for a home, flip, OR turn this into a commercial real estate location. Turn the first floor into office space with the second level being a personal residence or rental. Would be an excellent opportunity to use the land to start fresh and turn into an awesome business location. Call Today!
Last Agent to Sell the Property
eXp Realty-Mahomet License #475124281 Listed on: 08/29/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,801
Year Built
- Built in 1957
Lot Details
- 1.81 Acre Lot
- Lot Dimensions are 195x290x228x80x120x266
- Corner Lot
- Paved or Partially Paved Lot
- Mature Trees
Parking
- 2 Car Detached Garage
- Parking Space is Owned
Home Design
- Block Foundation
- Asphalt Roof
- Vinyl Siding
Interior Spaces
- 3,200 Sq Ft Home
- 1.5-Story Property
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Potential Bedrooms
- 1 Full Bathroom
Schools
- Mahomet Elementary School
- Mahomet Junior High School
- Mahomet-Seymour High School
Utilities
- No Cooling
- No Heating
- Shared Well
- Private or Community Septic Tank
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 29, 2023
Closed on
Dec 29, 2023
Sold by
Kirkwood Donna Marie
Bought by
Troy S Parkhill Trust and Parkhill
Seller's Agent
Nate Evans
eXp Realty-Mahomet
Buyer's Agent
Nate Evans
eXp Realty-Mahomet
List Price
$250,000
Sold Price
$210,000
Premium/Discount to List
-$40,000
-16%
Views
101
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
$30,407
Avg. Annual Appreciation
9.70%
Original Mortgage
$210,000
Outstanding Balance
$207,278
Interest Rate
7.29%
Mortgage Type
New Conventional
Estimated Equity
$33,129
Similar Homes in Mahomet, IL
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 |
|---|---|---|---|
| Troy S Parkhill Trust | $210,000 | None Listed On Document |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Troy S Parkhill Trust | $210,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/03/2024 01/03/24 | Sold | $210,000 | -16.0% | $66 / Sq Ft |
| 11/30/2023 11/30/23 | Pending | -- | -- | -- |
| 08/29/2023 08/29/23 | For Sale | $250,000 | -- | $78 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
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 | $4,053 | $62,770 | $17,050 | $45,720 |
| 2023 | $4,053 | $57,060 | $15,500 | $41,560 |
| 2022 | $3,773 | $52,590 | $14,290 | $38,300 |
| 2021 | $3,585 | $49,710 | $13,510 | $36,200 |
| 2020 | $3,524 | $48,870 | $13,280 | $35,590 |
| 2019 | $577 | $48,100 | $13,070 | $35,030 |
| 2018 | $2,244 | $42,560 | $12,790 | $29,770 |
| 2017 | $2,432 | $44,830 | $12,180 | $32,650 |
| 2016 | $2,424 | $44,830 | $12,180 | $32,650 |
| 2015 | $2,371 | $44,830 | $12,180 | $32,650 |
| 2014 | $2,357 | $43,950 | $11,940 | $32,010 |
| 2013 | $2,225 | $42,190 | $11,460 | $30,730 |
Source: Public Records
Agents Affiliated with this Home
-
Nate Evans
Seller's Agent in 2024
Nate Evans
eXp Realty-Mahomet
(217) 493-9297
1,762 Total Sales
-
Matt Walters
Seller Co-Listing Agent in 2024
Matt Walters
eXp Realty-Mahomet
(217) 417-1202
153 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11872122
APN: 15-13-15-426-005
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