NOT LISTED FOR SALE

505 S 4th Ave Forreston, IL 61030

Estimated Value: $139,171 - $148,000

2 Beds
2 Baths
1,349 Sq Ft
$107/Sq Ft Est. Value

Last Sold October 18, 2021

Last sale price $95,000 $70 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $1,037/month

33 Days on Market

Highlights

  • Attached Garage
  • 1-Story Property
  • Senior Tax Exemptions

About This Home

As of October 2021

Well built ranch! 2 bedrooms with hardwood flooring. Large formal dining room and large living room with built in shelving. There is hardwood floors underneath the carpet. Main floor laundry. Full basement is ready to finish! Sold as is - Estate

Last Agent to Sell the Property

Tracey DeCrane

RE/MAX Town Lake & Country License #475122157 Listed on: 08/13/2021

RE/MAX Town Lake & Country

Last Buyer's Agent

Tracey DeCrane

RE/MAX Town Lake & Country License #475122157 Listed on: 08/13/2021

RE/MAX Town Lake & Country

Home Details

Home Type

  • Single Family

Year Built

  • 1959

Lot Details

  • 0.28

Parking

  • Attached Garage
  • Garage Door Opener
  • Parking Space is Owned

Interior Spaces

  • 1-Story Property
  • Unfinished Basement
  • Finished Basement Bathroom

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions
  • Senior Freeze Tax Exemptions

Home Details

Home Type

Single Family

Year Built

1959

Lot Details

0.28 Acres

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: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Directions: From Rt. 26 turn West on Elm then South on 4th Ave.
  • Lot Size: 99 X 123.75
  • New Construction: No
  • Ownership: Fee Simple
  • Special Features: None
  • Year Built: 1959

Interior Features

  • Has Basement: Full
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Unfinished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Full Bathrooms: 2
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Dining Room Type: No additional rooms

Exterior Features

  • Exterior Features: Porch
  • Exterior Building Type: Vinyl Siding,Brick
  • Waterfront: No

Garage/Parking

  • Number of Cars: 2
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage
  • Garage Spaces: 2

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas
  • 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: 221

Lot Info

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

Rental Info

  • Board Number: 19

Tax Info

  • Tax Exemptions: Homeowner,Senior,Senior Freeze
  • Tax Annual Amount: 2124.48
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2021
Closed on
Oct 15, 2021
Sold by
Bennett Trust
Bought by
Binkley Linda M
Seller's Agent
Tracey DeCrane
RE/MAX Town Lake & Country
Buyer's Agent
Tracey DeCrane
RE/MAX Town Lake & Country
List Price
$110,000
Sold Price
$95,000
Premium/Discount to List
-$15,000
-13.64%
Current Estimated Value
$144,293

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,293
Avg. Annual Appreciation
9.92%
Original Mortgage
$76,000
Outstanding Balance
$69,385
Interest Rate
2.88%
Mortgage Type
New Conventional
Estimated Equity
$74,908

Purchase Details

Closed on
Jan 8, 2019
Sold by
Russman Trust
Bought by
Bennett Trust

Purchase Details

Closed on
May 29, 2014
Sold by
Russman Mildred L
Bought by
Russman Mildred L and Mildred L Russman Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Binkley Linda M $95,000 Security First Title
Bennett Trust -- None Available
Russman Mildred L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Binkley Linda M $76,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/18/2021 10/18/21 Sold $95,000 -13.6% $70 / Sq Ft
09/16/2021 09/16/21 Pending -- -- --
08/13/2021 08/13/21 For Sale $110,000 -- $82 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $3,330 $43,650 $3,942 $39,708
2023 $3,063 $40,715 $3,677 $37,038
2022 $2,858 $37,254 $3,364 $33,890
2021 $3,339 $36,324 $3,280 $33,044
2020 $2,124 $35,682 $3,222 $32,460
2019 $2,170 $34,228 $3,091 $31,137
2018 $2,200 $34,228 $3,091 $31,137
2017 $2,061 $34,228 $3,091 $31,137
2016 $2,199 $33,416 $3,018 $30,398
2015 $2,068 $32,633 $2,947 $29,686
2014 $2,030 $32,633 $2,947 $29,686
2013 $2,055 $33,445 $3,020 $30,425
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11188470

Midwest Real Estate Data (MRED)

APN: 02-33-181-002

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