$202,000
SOLD SEP 13, 2024

505 N Fairground Way Elmwood, IL 61529

5 Beds
4.5 Baths
3,228 Sq Ft
0.57 Acres

Recently Sold

$63 Per Sq Ft

8% Below List Price

17 Days on Market

Highlights

  • Fruit Trees
  • No HOA
  • Oversized Parking
  • Corner Lot
  • 2 Car Attached Garage
  • Patio

About This Home

As of September 2024

Welcome to this 5 bedroom, 4.5 bathroom home located on over 1/2 an acre lot in Fairground Acres Subdivision!!! The main floor offers a spacious living room, a half bath, multiple dining options, and a sliding glass door that opens up to the back patio. Upstairs you will find 5 bedrooms and 3 full bathrooms. The basement offers a full bathroom, plenty of storage space, and the opportunity for a 6th bedroom with an egress window along with space for a rec room or den/office. This home has been well loved throughout the years, and now it is ready for it's new owners to come make it their own. Don't miss your chance to snag this baby before it's too late! Home is being sold As Is.

Last Agent to Sell the Property

Alexander Alvey

EXP Realty, LLC Brokerage Phone: 309-648-8985 License #475183006 Listed on: 07/21/2024

EXP Realty, LLC

Last Buyer's Agent

Non-Member Agent RMLSA

Non-MLS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,419

Year Built

  • Built in 2005

Lot Details

  • 0.57 Acre Lot
  • Corner Lot
  • Level Lot
  • Fruit Trees

Parking

  • 2 Car Attached Garage
  • Oversized Parking

Home Design

  • Poured Concrete
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3,228 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Kitchen

  • Oven or Range
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Basement Window Egress

Outdoor Features

  • Patio

Schools

  • Elmwood High School

Utilities

  • Multiple cooling system units
  • Two Heating Systems
  • Forced Air Heating System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Fairground Acres Subdivision

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 11-08-131-008

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,419

Year Built

Built in 2005

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 2005
  • Architectural Style: Two Story
  • New Construction: No
  • PricePerSqFt: 86.18
  • Attribution Contact: Pref: 309-648-8985
  • Special Features: None

Interior Features

  • Appliances: Disposal, Dryer, Range/Oven, Refrigerator, Washer
  • Basement: Daylight, Egress Window(s), Finished, Full
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Interior Amenities: Ceiling Fan(s)
  • Living Area: 3228
  • TotalBasementSqFt: 884
  • KitchenDining: Breakfast Bar,Dining Formal,Dining Informal

Exterior Features

  • Lot Features: Corner Lot, Fruit Trees, Level
  • Road Surface Type: Curbs & Gutters, Paved
  • Construction Type: Modular, Vinyl Siding
  • Exterior Features: Patio
  • Foundation Details: Poured Concrete
  • Roof: Shingle
  • 100YearPlain: No
  • Conversion: 0

Garage/Parking

  • Garage Yn: Yes
  • Garage Spaces: 2
  • Parking Features: Attached, Curbs & Gutters, Oversized

Utilities

  • Heating: Heating Systems - 2+, Forced Air, Electric Water Heater, Cooling Systems - 2+, Central Air
  • Water Source: Public Sewer, Public, Sump Pump
  • NumberOfGarageRemotes: 0
  • UtilitiesOnYN: Yes

Condo/Co-op/Association

  • Senior Community: No
  • MandatoryMonthlyFee: No
  • MandatoryAnnualFee: No

Schools

  • High School: Elmwood

Lot Info

  • Zoning: Residential
  • Lot Size Acres: 0.57
  • Lot Size: .57
  • Parcel #: 11-08-131-008
  • ZonedAgricultural: No

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 6000.9
  • TaxExemptions: Homestead/Owner Occupied

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2024
Closed on
Sep 13, 2024
Sold by
Stroemer Dane Allen and Stroemer Danielle
Bought by
Moss Tyler J
Seller's Agent
Alexander Alvey
EXP Realty, LLC
Buyer's Agent
Non-Member Agent RMLSA
Non-MLS
List Price
$219,900
Sold Price
$202,000
Premium/Discount to List
-$17,900
-8.14%
Total Days on Market
17
Views
26
Current Estimated Value
$206,811

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,811
Avg. Annual Appreciation
3.28%
Original Mortgage
$161,600
Outstanding Balance
$145,558
Interest Rate
7.1%
Mortgage Type
New Conventional
Estimated Equity
$61,253

Purchase Details

Listed on
Sep 25, 2012
Closed on
Mar 28, 2013
Bought by
Stromer Dane A and Stroemer Danielle
Seller's Agent
Renee Lewis
Jim Maloof Realty, Inc.
Buyer's Agent
Michaeline Harrison
Jim Maloof Realty, Inc.
List Price
$215,100
Sold Price
$159,000
Premium/Discount to List
-$56,100
-26.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.13%
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 Type Sale Price Title Company
Warranty Deed $202,000 None Listed On Document
Deed $159,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $161,600 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/13/2024 09/13/24 Sold $202,000 -6.0% $63 / Sq Ft
08/07/2024 08/07/24 Pending -- -- --
08/01/2024 08/01/24 Price Changed $214,900 -2.3% $67 / Sq Ft
07/21/2024 07/21/24 For Sale $219,900 +38.3% $68 / Sq Ft
05/10/2013 05/10/13 Sold $159,000 -26.1% $50 / Sq Ft
03/21/2013 03/21/13 Pending -- -- --
09/25/2012 09/25/12 For Sale $215,100 -- $67 / 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 $6,419 $75,600 $11,960 $63,640
2023 $6,001 $71,320 $11,280 $60,040
2022 $5,633 $66,660 $10,510 $56,150
2021 $5,624 $66,000 $10,410 $55,590
2020 $5,904 $68,040 $10,730 $57,310
2019 $5,785 $66,710 $10,520 $56,190
2018 $6,429 $73,660 $11,180 $62,480
2017 $6,160 $70,150 $10,650 $59,500
2016 $5,754 $68,110 $10,340 $57,770
2015 $5,561 $68,790 $10,440 $58,350
2014 $5,460 $67,690 $10,180 $57,510
2013 -- $66,040 $9,930 $56,110
Source: Public Records

Agents Affiliated with this Home

  • Alexander Alvey

    Seller's Agent in 2024

    Alexander Alvey

    EXP Realty, LLC

    (309) 648-8985

    46 Total Sales

    Alexander Alvey
    Section Image

  • N

    Buyer's Agent in 2024

    Non-Member Agent RMLSA

    Non-MLS

  • Renee Lewis

    Seller's Agent in 2013

    Renee Lewis

    Jim Maloof Realty, Inc.

    (309) 338-4576

    163 Total Sales

    Renee Lewis
    Section Image
  • Michaeline Harrison

    Buyer's Agent in 2013

    Michaeline Harrison

    Jim Maloof Realty, Inc.

    (309) 338-2949

    202 Total Sales

    Michaeline Harrison
    Section Image
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Map

Source: RMLS Alliance

MLS Number: PA1251868

RMLS Alliance

APN: 11-08-131-008

Illinois Peoria County Elmwood 61529

505 N Fairground Way, Elmwood, IL

This home is located at 505 N Fairground Way, Elmwood, IL 61529 and is currently priced at $202,000, approximately $62 per square foot. This property was built in 2005. 505 N Fairground Way is a home located in Peoria County with nearby schools including Elmwood Elementary School and Elmwood 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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