NOT LISTED FOR SALE

506 E Broadway St Newark, IL 60541

Newark Area

Estimated Value: $274,000 - $298,000

3 Beds
2 Baths
1,092 Sq Ft
$259/Sq Ft Est. Value

Sale Details

Date Sold: March 18, 2022

Last sale price $225,000 $206 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $2,047 / mo

13 Days on Market

Highlights

  • Deck
  • Corner Lot
  • 2 Car Attached Garage
  • Ranch Style House
  • Workshop
  • Patio

About This Home

As of March 2022

Enjoy the comforts of small town living~this home sits on a spacious corner lot, near the end of a dead end street. Well cared for home has a spacious living room and a kitchen with table space and sliding glass door leading to a patio with a large backyard. The 3 Bedrooms and 1 Bathroom are all on the main level with another full bathroom and laundry hook up in the basement. Countertops,Refrigerator, stove, dishwasher in 2017~Stackable washer and dryer in main level bathroom~Battery back up sump pump, furnace, roof and siding apprx.2015. NEW Generac generator and gas heater in the garage both 2021. This adorable house is just waiting for you to call it your home!

Last Agent to Sell the Property

Tara Kunkel

Coldwell Banker Real Estate Group License #475129596 Listed on: 02/08/2022

Coldwell Banker Real Estate Group

Last Buyer's Agent

Ann Martin

Real People Realty License #475140859

Real People Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,680

Year Built

  • Built in 1976

Lot Details

  • 11,326 Sq Ft Lot
  • Lot Dimensions are 98.17x118.3
  • Corner Lot
  • Paved or Partially Paved Lot

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway
  • Parking Included in Price

Home Design

  • Ranch Style House
  • Asphalt Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,092 Sq Ft Home
  • Ceiling Fan
  • Family Room
  • Living Room
  • Workshop
  • Storage Room
  • Utility Room with Study Area

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • Bathroom on Main Level
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Partially Finished Basement

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

Outdoor Features

  • Deck
  • Patio

Schools

  • Newark Elementary School
  • Millbrook Junior High School
  • Newark Community High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • 100 Amp Service
  • Water Softener is Owned

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,680

Year Built

Built in 1976

Lot Details

0.26 Acres

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Year Built: 1976
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer, Water Softener Owned
  • Basement: Full
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Interior Amenities: First Floor Bedroom, First Floor Laundry, First Floor Full Bath
  • LivingArea: 1092
  • Other Equipment: Water-Softener Owned, Ceiling Fan(s), Sump Pump, Backup Sump Pump;
  • Room Type: Storage, Workshop
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Partially Finished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Kitchen Flooring: Vinyl
  • Kitchen Window Treatments: Curtains/Drapes
  • Kitchen Type: Eating Area-Table Space,Pantry-Closet
  • Living Room Flooring: Carpet
  • Living Room Window Treatments: Curtains/Drapes
  • Primary Bedroom Bath: None
  • Master Bedroom Flooring: Carpet
  • Master Bedroom Window Treatments: Curtains/Drapes
  • Second Bedroom Flooring: Carpet
  • Third Bedroom Flooring: Carpet
  • Second Bedroom Window Treatments: Curtains/Drapes
  • Third Bedroom Window Treatments: Curtains/Drapes

Exterior Features

  • ExteriorFeatures: Deck, Patio
  • Foundation Details: Concrete Perimeter
  • Lot Features: Corner Lot
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: 100 Amp Service
  • Heating: Natural Gas
  • Laundry Features: Electric Dryer Hookup
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Street Paved
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Newark Elementary School
  • High School: Newark Community High School
  • Middle/Junior School: Millbrook Junior High School

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.26
  • Lot Dimensions: 98.17X118.3
  • Rural (Y/N): N
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 3679.64
  • Tax Year: 2020
  • Tax Exemptions: Homeowner,Senior

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2022
Closed on
Mar 18, 2022
Sold by
Bought by
Seller's Agent
Tara Kunkel
Coldwell Banker Real Estate Group
Buyer's Agent
Ann Martin
Real People Realty
List Price
$250,000
Sold Price
$225,000
Premium/Discount to List
-$25,000
-10%
Current Estimated Value
$283,238

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,238
Avg. Annual Appreciation
5.47%
Original Mortgage
$218,250
Interest Rate
0.0369%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 8, 2020
Closed on
Mar 25, 2020
Sold by
Bought by
Seller's Agent
Tara Kunkel
Coldwell Banker Real Estate Group
Buyer's Agent
Tara Kunkel
Coldwell Banker Real Estate Group
List Price
$199,000
Sold Price
$185,000
Premium/Discount to List
-$14,000
-7.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.23%

Purchase Details

Listed on
Jan 8, 2020
Closed on
Mar 13, 2020
Sold by
Bought by
Seller's Agent
Tara Kunkel
Coldwell Banker Real Estate Group
Buyer's Agent
Tara Kunkel
Coldwell Banker Real Estate Group
List Price
$199,000
Sold Price
$185,000
Premium/Discount to List
-$14,000
-7.04%

Purchase Details

Closed on
Dec 12, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
0.0674%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 1, 1993
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$225,000 Law Offices Of Daniel J Kramer
$15,000 Near North Title Group
$185,000 Fidelity National Title Ins
$122,000 Ticor Title
$104,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $218,250
Previous Owner --
Previous Owner $50,000
Previous Owner $22,000
Previous Owner $40,000
Previous Owner $35,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/18/2022 03/18/22 Sold $225,000 -10.0% $206 / Sq Ft
02/22/2022 02/22/22 Pending -- -- --
02/08/2022 02/08/22 For Sale $250,000 +35.1% $229 / Sq Ft
03/13/2020 03/13/20 Sold $185,000 -5.1% $169 / Sq Ft View Prior Sale
01/22/2020 01/22/20 Pending -- -- --
01/17/2020 01/17/20 Price Changed $194,900 -2.1% $178 / Sq Ft
01/08/2020 01/08/20 For Sale $199,000 -- $182 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $6,094 $92,479 $19,624 $72,855
2024 $6,094 $86,876 $18,435 $68,441
2023 $4,722 $78,013 $16,554 $61,459
2022 $4,722 $66,800 $16,251 $50,549
2021 $4,579 $62,752 $15,266 $47,486
2020 $3,680 $51,918 $15,270 $36,648
2019 $2,983 $51,918 $15,270 $36,648
2018 $3,026 $49,894 $15,371 $34,523
2017 $3,041 $49,235 $15,168 $34,067
2016 $3,057 $49,235 $15,168 $34,067
2015 $1,412 $48,690 $15,000 $33,690
2014 -- $47,487 $17,049 $30,438
2013 -- $47,487 $17,049 $30,438
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11320249

Midwest Real Estate Data (MRED)

APN: 07-05-353-003

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