NOT LISTED FOR SALE

5040 E 550th St Colchester, IL 62326

Estimated Value: $110,030 - $127,000

3 Beds
1 Bath
1,152 Sq Ft
$102/Sq Ft Est. Value

Last Sold August 08, 2018

Last sale price $85,000 $74 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $737/month

Highlights

  • Deck
  • Ranch Style House
  • Garage

About This Home

As of August 2018

GREAT COUNTRY PROPERTY, NEWER WINDOWS & DOORS. MUST SEE!

Last Agent to Sell the Property

Thelma Smiddy

RE/MAX Unified Brokers License #475097218 Listed on: 04/03/2018

RE/MAX Unified Brokers

Last Buyer's Agent

Thelma Smiddy

RE/MAX Unified Brokers License #475097218 Listed on: 04/03/2018

RE/MAX Unified Brokers

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,256

Year Built

  • Built in 1972

Lot Details

  • 2.61

Parking

  • Garage

Home Design

  • Ranch Style House

Kitchen

  • Oven or Range
  • Range Hood
  • Dishwasher

Schools

  • West Prairie Elementary School

Utilities

  • Septic System
  • Cable TV Available

Additional Features

  • 1 Full Bathroom
  • Deck

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,256

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: Ranch
  • Exemptions: OO
  • Legal Description: S1 T4 R4 256'N & S X 445.5' E&W SE COR E 1/3 SE SW
  • Lvt Date: 04/05/2018
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Hood/Fan, Refrigerator, Range/Oven
  • Interior Amenities: Cable Tv Available
  • Total Bathrooms: 1
  • Total Full Baths: 1
  • Number of Main Level Full Bathrooms: 1
  • Bedrooms: 3
  • Master Bedroom: Dimensions: 13x11, On Level: Main, Flooring: Carpet
  • Basement Foundation: Crawl Space
  • Bathroom Master Bedroom: None
  • Bedroom 2: Dimensions: 10x12, On Level: Main, Flooring: Carpet
  • Bedroom 3: Dimensions: 13x11, On Level: Main, Flooring: Carpet
  • Informal Dining Room: Dimensions: 9x9, On Level: Main, Flooring: Vinyl
  • Kitchen: Dimensions: 12x9, On Level: Main, Flooring: Vinyl
  • Kitchen Dining: Dining Informal, Eat-In Kitchen
  • Laundry: Dimensions: 4x6, On Level: Main, Flooring: Vinyl
  • Living Room: Dimensions: 21x13, On Level: Main, Flooring: Carpet
  • Price Per Sq Ft: 73.78
  • Finished Sq Ft: 1152
  • Total Sq Ft: 1152
  • Finished Main Level Sq Ft: 1152

Exterior Features

  • Exterior: Vinyl Siding
  • Exterior Amenities: Deck, Shed
  • Road Access: Paved
  • Roofing: Shingles

Garage/Parking

  • Garage Parking: Detached
  • Garage Yn: Yes
  • Number Cars: 2

Utilities

  • Heating Cooling: Propane, Forced Air, Propane Tank - Lease, Water Heater - Gas, Central Air
  • Utilities On: Yes
  • Water Sewer: Public Water, Septic System

Schools

  • Elementary School: West Prairie
  • Middle School: West Prairie
  • High School: West Prairie
  • Elementary School: West Prairie

Lot Info

  • Estimated Lot Size: 256X445.5
  • Estimated Number of Acres: 2.61
  • Lot Description: Level
  • Zoned Agricultural: Yes
  • Subdivision: Unavailable
  • Geo Subdivision: IL

Tax Info

  • Annual Taxes: 1256.28
  • Parcel Id Number Tax Id: 10-000-009-05
  • Tax Year: 2017

MLS Schools

  • High School School District: West Prairie
  • Middle School: West Prairie

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2018
Closed on
Aug 7, 2018
Sold by
Mccourt Catherine M and Mccourt Donald E
Bought by
Stout David L and Stout Beata M
Seller's Agent
Thelma Smiddy
RE/MAX Unified Brokers
Buyer's Agent
Thelma Smiddy
RE/MAX Unified Brokers
List Price
$99,900
Sold Price
$85,000
Premium/Discount to List
-$14,900
-14.91%
Current Estimated Value
$117,508

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,508
Avg. Annual Appreciation
4.61%
Original Mortgage
$83,460
Outstanding Balance
$73,804
Interest Rate
5.37%
Mortgage Type
FHA
Estimated Equity
$43,704

Purchase Details

Closed on
Jan 19, 2017
Sold by
Mccourt Donald E and Mccourt Catherine M
Bought by
Mccourt Catherine M and Mccourt Donald E

Purchase Details

Closed on
Nov 17, 2006
Sold by
Dunn Gary Lee and Dunn Jessica
Bought by
Mccourt Donald E and Mccourt Catherine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,800
Interest Rate
6.4%
Mortgage Type
New Conventional
Source: Public Records

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
Stout David L $85,000 None Available
Mccourt Catherine M -- None Available
Mccourt Donald E $78,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stout David L $83,460
Previous Owner Mccourt Donald E $67,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/08/2018 08/08/18 Sold $85,000 -5.5% $74 / Sq Ft
06/30/2018 06/30/18 Pending -- -- --
05/16/2018 05/16/18 Price Changed $89,900 -10.0% $78 / Sq Ft
04/03/2018 04/03/18 For Sale $99,900 -- $87 / Sq Ft
Source: RMLS Alliance

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 $1,372 $22,086 $4,264 $17,822
2023 $1,274 $20,875 $4,030 $16,845
2022 $1,218 $20,179 $3,896 $16,283
2021 $1,189 $19,832 $3,829 $16,003
2020 $1,178 $23,647 $3,827 $19,820
2019 $1,217 $20,239 $3,908 $16,331
2018 $1,220 $20,648 $3,987 $16,661
2017 $1,256 $20,648 $3,987 $16,661
2016 $1,239 $20,403 $3,940 $16,463
2015 $1,238 $20,241 $3,909 $16,332
2014 $1,096 $20,241 $3,909 $16,332
2013 $1,081 $19,096 $3,688 $15,408
Source: Public Records

Agents Affiliated with this Home

  • Thelma Smiddy

    Seller's Agent in 2018

    Thelma Smiddy

    RE/MAX Unified Brokers

    (309) 337-9077

    91 Total Sales

    Thelma Smiddy
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Map

Source: RMLS Alliance

MLS Number: RMAPA1192963

RMLS Alliance

APN: 10-000-009-05

Illinois Mcdonough County Colchester 62326

5040 E 550th St, Colchester, IL

This home is located at 5040 E 550th St, Colchester, IL 62326 since 03 April 2018 and is currently estimated at $117,508, approximately $102 per square foot. This property was built in 1972. 5040 E 550th St is a home located in McDonough County with nearby schools including West Prairie High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

RMLS Alliance IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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