NOT LISTED FOR SALE

505 E Locust St Tolono, IL 61880

Estimated Value: $212,000 - $277,000

4 Beds
3 Baths
1,775 Sq Ft
$139/Sq Ft Est. Value

Last Sold July 28, 2021

Last sale price $215,000 $121 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $1,539/month

2 Days on Market

Highlights

  • Living Room with Fireplace
  • Attached Garage
  • 1-Story Property
  • Formal Dining Room

About This Home

As of July 2021

This is a 4 bedroom, 2.5 bath home with 1/2 of the home being handicapped (ADA) accessible. 3 of the bedrooms have walk in closets while one has an open style closet. Master bath has large walk in shower, no tub and 2nd bath has a tub. New furnace and water heater. New A/C and sump pump. Large open kitchen, dining room and living room. Brand new Schrock cabinets. Gas fireplace. Fenced backyard. One block from park and bus stop. Walking distance to high school and junior high school. Dead end street. Mature neighborhood. Yard leveled and seeded last year. Covered back patio with new deck. All new siding recently with some new windows. Back half of house is only 2 years old. Front half of house and garage is 25 years old.

Last Agent to Sell the Property

Rodney Schweighart

Total Realty License #475157771 Listed on: 06/10/2021

Total Realty

Last Buyer's Agent

Dan Gordon

RE/MAX REALTY ASSOCIATES-CHA License #471022027

RE/MAX REALTY ASSOCIATES-CHA

Home Details

Home Type

  • Single Family

Year Built

  • 1952

Lot Details

  • 0.26

Parking

  • Attached Garage
  • Parking Space is Owned

Home Design

  • Aluminum Siding

Interior Spaces

  • 1,775 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Formal Dining Room
  • Crawl Space

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Year Built

1952

Lot Details

0

Parking

2

Listing Details

  • Property Type: Detached Single
  • Property Type: Residential
  • Type Detached: 1 Story
  • Property Sub Type: 1 Story
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Legal Description: N 150' OF THE E 75' OF LOT 2 BLK 67 OF ISAAC LARMON'S ADDITION.
  • Architectural Style: Ranch
  • Directions: ROUTE 45 SOUTH TO TOLONO, LEFT ONTO E. WALNUT, LEFT ONTO N. CENTRAL AVE, RIGHT ONTO E LOCUST, HOUSE IS ON THE RIGHT.
  • Lot Size: 75X150
  • New Construction: No
  • Ownership: Fee Simple
  • Actual Status: Closed
  • Special Features: None
  • Year Built: 1952

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Disposal, Range Hood
  • Has Basement: None
  • Fireplace Features: Gas Log
  • Estimated Total Finished Sq Ft: 1775
  • Basement Description: Crawl
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Fireplace Location: Living Room
  • Total Sq Ft: 1775
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Possible Bedrooms: 4
  • Total Bedrooms: 4
  • Fireplaces: 1
  • Dining Room Type: Mud Room

Exterior Features

  • Exterior Building Type: Aluminum Siding
  • Waterfront: No

Garage/Parking

  • Number of Cars: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage
  • Garage Spaces: 2

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas, Electric, Forced Air
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Master Association Fee Frequency: Not Required
  • Association Fee Frequency: Not Applicable

Fee Information

  • Association Fee Includes: None

Schools

  • Junior High Dist: 7
  • Middle Or Junior School: Unity Junior High School

Lot Info

  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 22

Tax Info

  • Tax Exemptions: Homeowner,Other
  • Tax Annual Amount: 1908.82
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2021
Closed on
Jul 28, 2021
Sold by
Grace Calvin L
Bought by
Dodds Brice and Reynolds Natalie
Seller's Agent
Rodney Schweighart
Total Realty
Buyer's Agent
Dan Gordon
RE/MAX REALTY ASSOCIATES-CHA
List Price
$180,000
Sold Price
$215,000
Premium/Discount to List
$35,000
19.44%
Current Estimated Value
$246,973

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,973
Avg. Annual Appreciation
3.14%
Original Mortgage
$217,171
Outstanding Balance
$197,564
Interest Rate
2.93%
Mortgage Type
New Conventional
Estimated Equity
$49,409

Purchase Details

Closed on
May 11, 2009
Sold by
Mccormick Matt L and Mccormick Anna Lee
Bought by
Grace Calvin L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,400
Interest Rate
4.84%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 19, 2003
Sold by
Larson Bradley Dean and Larson Yvonne
Bought by
Mccormick Matt L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,500
Interest Rate
6.33%
Mortgage Type
Purchase Money Mortgage
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
Dodds Brice $215,000 None Available
Grace Calvin L $93,000 None Available
Mccormick Matt L $75,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dodds Brice $217,171
Previous Owner Grace Calvin L $74,400
Previous Owner Mccormick Matt L $71,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/28/2021 07/28/21 Sold $215,000 +19.4% $121 / Sq Ft
06/13/2021 06/13/21 Pending -- -- --
06/10/2021 06/10/21 For Sale $180,000 -- $101 / 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 $3,137 $59,370 $9,780 $49,590
2023 $3,137 $55,120 $9,080 $46,040
2022 $2,049 $51,230 $8,440 $42,790
2021 $1,938 $48,610 $8,010 $40,600
2020 $1,909 $47,520 $7,830 $39,690
2019 $2,034 $46,860 $7,720 $39,140
2018 $2,010 $34,190 $7,720 $26,470
2017 $2,007 $32,720 $7,390 $25,330
2016 $1,935 $31,280 $7,060 $24,220
2015 $1,892 $30,170 $6,810 $23,360
2014 $1,925 $30,660 $6,920 $23,740
2013 $1,886 $30,660 $6,920 $23,740
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11118586

Midwest Real Estate Data (MRED)

APN: 29-26-25-155-005