NOT LISTED FOR SALE

503 S Market St Washington, IL 61571

Estimated Value: $176,000 - $186,000

4 Beds
2 Baths
2,028 Sq Ft
$89/Sq Ft Est. Value

Last Sold July 23, 2020

Last sale price $130,000 $64 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $1,240/month

Highlights

  • Walk-In Pantry
  • Breakfast Bar
  • Forced Air Heating and Cooling System
  • Lincoln Grade School Rated A-
  • Bungalow

About This Home

As of July 2020

Best kept secret in town! Total relaxation. Nestled in the back right next to a rippling brook is an adorable cottage that will shock you when you see how much space it offers. If you need a move-in ready home with four bedrooms, 2 full / updated bathrooms, plenty of room for the family and gorgeous outdoor living spaces on a tight budget, this is the home you have been looking for. It is so inviting and since it is by the historic resting place, it is so quiet since the neighbors are always asleep! You will definitely have all the privacy you need. Check out the huge pergola for outdoor living and the adorable fire pit just waiting to entertain. All this and it won't brake the bank! All windows have been replaced with vinyl double hung efficiency windows. basement fully remodeled in 2019, new roof in 2016. Bedroom in basement added with full egress window in 2019

Last Agent to Sell the Property

Tracy Lockenour

HomeSmart Realty Group Illinois License #475173524 Listed on: 06/02/2020

HomeSmart Realty Group Illinois

Last Buyer's Agent

Non Member

NON MEMBER

Home Details

Home Type

  • Single Family

Year Built

  • 1944

Lot Details

  • 9,932

Parking

  • Parking Available

Home Design

  • Bungalow
  • Vinyl Siding

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Oven or Range

Finished Basement

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

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Year Built

1944

Lot Details

0

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Age: 71-80 Years
  • Full Bathrooms: 2
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 2
  • Total Sq Ft: 1014
  • Style Of House: Bungalow
  • Type Detached: 1 Story
  • Estimated Year Built: 1944
  • Tax Exemptions: Homeowner
  • Total Sq Ft: 2028
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1944

Interior Features

  • Number Of Rooms: 8
  • Living Room: Dimensions: 24X14, On Level: Basement, Flooring: Carpet, Windows: Blinds
  • Appliances: Oven/Range, Refrigerator
  • Basement: Full
  • Basement: Finished
  • Basement Bathrooms: Yes
  • Bedrooms All Levels: 4
  • Below Grade Bedrooms: 1
  • Above Grade Bedrooms: 3
  • Laundry: Dimensions: 14X20, On Level: Basement, Flooring: Other, Windows: None
  • Dining Room: Dimensions: 13X11, On Level: Main Level, Flooring: Wood Laminate, Windows: Blinds
  • Kitchen Type: Dimensions: 13X11, On Level: Main Level, Flooring: Wood Laminate
  • Kitchen Type: Eating Area-Table Space, Pantry-Walk-in
  • Additional Rooms: No additional rooms
  • Master Bedroom: Dimensions: 11X15, On Level: Main Level, Flooring: Carpet, Windows: Blinds
  • Bedroom 2: Dimensions: 11X11, On Level: Main Level, Flooring: Carpet, Windows: Blinds
  • Bedroom 3: Dimensions: 11X12, On Level: Main Level, Flooring: Carpet, Windows: Blinds
  • Bedroom 4: Dimensions: 10X12, On Level: Basement, Flooring: Carpet, Windows: Curtains/Drapes
  • Estimated Sq Ft: 2028
  • Estimated Total Finished Sq Ft: 2028
  • Basement Sq Ft: 1014
  • Basement Finished Sq Ft: 1014
  • Main Level Sq Ft: 1014
  • Dining Room Type: Separate
  • Family Room: Dimensions: 9X11, On Level: Basement, Flooring: Carpet, Windows: None

Exterior Features

  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Number of Cars: 3
  • Parking: Space/s
  • Number Parking Spaces: 3
  • Parking On Site: Yes

Utilities

  • Electricity: Circuit Breakers
  • Air Conditioner: Central Air
  • Water: Public
  • Sewer: Sewer-Public
  • Heating Fuel: Forced Air

Schools

  • Junior High Dist: 52

Lot Info

  • Lot Dimensions: 60X165
  • Parcel Identification Number: 234020140000
  • BNAR Zoning: R1
  • Zero Lot Line: No

Tax Info

  • Taxes: 2631.88

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2020
Closed on
Jul 21, 2020
Sold by
Wilson Jeremy Michael
Bought by
Hoffert Valerie and Gardner John C
Seller's Agent
Tracy Lockenour
HomeSmart Realty Group Illinois
Buyer's Agent
Non Member
NON MEMBER
List Price
$130,000
Sold Price
$130,000
Current Estimated Value
$181,251

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,251
Avg. Annual Appreciation
6.29%
Original Mortgage
$126,100
Outstanding Balance
$111,817
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$69,434

Purchase Details

Closed on
Sep 15, 2017
Sold by
Smith Stuart W and Smith Sheryl D
Bought by
Wilson Jeremy Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,250
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 25, 2008
Sold by
Schmidler Chris
Bought by
Smith Stuart W and Smith Sheryl D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,155
Interest Rate
6.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 11, 2005
Sold by
Boley Francis D
Bought by
Schmidler Chris

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
5.88%
Mortgage Type
New Conventional
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
Hoffert Valerie $130,000 Hometown Title Inc
Wilson Jeremy Michael $115,000 --
Smith Stuart W $95,000 None Available
Schmidler Chris $80,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hoffert Valerie $126,100
Previous Owner Wilson Jeremy Michael $109,250
Previous Owner Smith Stuart W $90,155
Previous Owner Schmidler Chris $64,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/29/2020 07/29/20 For Sale $130,000 0.0% $64 / Sq Ft
07/23/2020 07/23/20 Sold $130,000 -- $64 / 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 $3,510 $50,730 $12,120 $38,610
2023 $3,510 $47,060 $11,240 $35,820
2022 $3,326 $43,970 $10,500 $33,470
2021 $3,194 $42,890 $10,240 $32,650
2020 $2,731 $38,010 $10,240 $27,770
2019 $2,680 $38,010 $10,240 $27,770
2018 $2,632 $38,010 $10,240 $27,770
2017 $2,148 $31,000 $8,660 $22,340
2016 $2,095 $31,000 $8,660 $22,340
2015 $2,045 $0 $0 $0
2013 $1,930 $31,000 $8,660 $22,340
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10798653

Midwest Real Estate Data (MRED)

APN: 02-02-23-402-014