NOT LISTED FOR SALE

506 E Melbourne Ave Peoria, IL 61603

West Bluff Neighborhood

Estimated Value: $108,809 - $125,000

3 Beds
1 Bath
1,554 Sq Ft
$73/Sq Ft Est. Value

Last Sold December 13, 2021

Last sale price $89,000 $57 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $775/month

25 Days on Market

About This Home

As of December 2021

Welcome to Melbourne Ave! It's your very own all Brick Bungalow Home located on a mature extra large lot with picturesque landscaping! Great front porch for sitting and enjoying the beautiful yard. Through the kitchen you'll find extra space to relax in your Three Seasons Sunroom. Updated Bath that includes a Garden Tub. Gorgeous Original Woodwork Throughout the Home, as well as replacement windows. The Two Car Garage offers plenty of space for vehicles, and additional attic space above is well suited for additonal storage! Improvements Include: newer roof (within the last 6 yrs), replacement windows, new air & hvac (within the last 5 yrs), water softener (2021, owned), water heater (2021), whole home tuckpointing.

Last Agent to Sell the Property

Blake Bennett

eXp Realty License #475182224 Listed on: 10/12/2021

eXp Realty

Co-Listed By

Sara Skolaski

eXp Realty License #475198772

Last Buyer's Agent

Peggy Marsh-Kreichgauer

Realty Executives Acclaimed License #475158320

Realty Executives Acclaimed

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,789

Year Built

  • Built in 1930

Lot Details

  • 9,496

Parking

  • Garage

Home Design

  • Bungalow

Bedrooms and Bathrooms

  • 1 Full Bathroom

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,789

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: Bungalow
  • Legal Description: FORREST PARK ADDNE 1/4 SEC 33-9N-8E
  • Lvt Date: 10/12/2021
  • Year Built: 1930
  • Conversion: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Number Fireplaces: 1
  • Total Bathrooms: 1
  • Total Full Baths: 1
  • Number of Main Level Full Bathrooms: 1
  • Bedrooms: 3
  • Master Bedroom: Dimensions: 12x11, On Level: Main, Flooring: Hardwood
  • Basement Foundation: Block, Partially Finished, Walk-Out
  • Master Bedroom Egress Window: Yes
  • Bathroom Master Bedroom: None
  • Bedroom 2: Dimensions: 11x10, On Level: Main, Flooring: Hardwood
  • Bedroom 2 Egress Window: Yes
  • Bedroom 3: Dimensions: 23x13, On Level: Upper, Flooring: Hardwood
  • Bedroom 3 Egress Window: Yes
  • Den: Dimensions: 11x5, On Level: Basement, Flooring: Carpet
  • Family Room: Dimensions: 14x13, On Level: Main, Flooring: Laminate
  • Formal Dining Room: Dimensions: 13x10, On Level: Main, Flooring: Laminate
  • Great Room: Dimensions: 11x5, On Level: Basement, Flooring: Other
  • Kitchen: Dimensions: 10x9, On Level: Main, Flooring: Tile
  • Kitchen Dining: Dining Formal
  • Laundry: Dimensions: 10x9, On Level: Basement, Flooring: Other
  • Basement Finished Sq Ft: 319
  • Total Basement Sq Ft: 936
  • Price Per Sq Ft: 72.06
  • Finished Sq Ft: 1554
  • Total Sq Ft: 1235
  • Finished Main Level Sq Ft: 936
  • Upper Level Finished Sq Ft: 299

Exterior Features

  • Exterior: Brick
  • Roofing: Shingles

Garage/Parking

  • Garage Parking: Detached
  • Garage Yn: Yes
  • Number Of Garage Remotes: 1

Utilities

  • Heating Cooling: Electric, Forced Air, Central Air
  • Utilities On: Yes
  • Water Sewer: Public Sewer, Public Water

Lot Info

  • Estimated Lot Size: 75x126
  • Lot Description: Level
  • Subdivision: Forest Park
  • Geo Subdivision: IL

Tax Info

  • Annual Taxes: 1789
  • Parcel Id Number Tax Id: 14-33-227-003
  • Tax Year: 2020

MLS Schools

  • High School School District: Peoria Heights

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2021
Closed on
Dec 22, 2021
Sold by
Nathan Peterson
Bought by
Mcmahan Paige D
Seller's Agent
Blake Bennett
eXp Realty
Buyer's Agent
Peggy Marsh-Kreichgauer
Realty Executives Acclaimed
List Price
$94,500
Sold Price
$89,000
Premium/Discount to List
-$5,500
-5.82%
Current Estimated Value
$113,952

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,952
Avg. Annual Appreciation
6.23%
Original Mortgage
$85,877
Outstanding Balance
$79,005
Interest Rate
3.13%
Mortgage Type
FHA
Estimated Equity
$34,947

Purchase Details

Listed on
Oct 12, 2021
Closed on
Nov 30, 2021
Sold by
Nathan Peterson
Bought by
Mcmahan Paige D
Seller's Agent
Blake Bennett
eXp Realty
Buyer's Agent
Peggy Marsh-Kreichgauer
Realty Executives Acclaimed
List Price
$94,500
Sold Price
$89,000
Premium/Discount to List
-$5,500
-5.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,877
Outstanding Balance
$79,005
Interest Rate
3.13%
Mortgage Type
FHA
Estimated Equity
$34,947

Purchase Details

Closed on
Aug 29, 2003
Sold by
Terry Cordis and Terry Marilyn S
Bought by
Peterson Nathan K and Peterson Heather C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
4.62%
Mortgage Type
New Conventional
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
Mcmahan Paige D $89,000 Miller Theresa
Mcmahan Paige D $89,000 Miller Theresa
Peterson Nathan K $95,000 --
Peterson Nathan K $95,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcmahan Paige D $85,877
Closed Mcmahan Paige D $85,877
Previous Owner Peterson Nathan K $95,000
Closed Mcmahan Paige D $6,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/13/2021 12/13/21 Sold $89,000 -0.6% $57 / Sq Ft
11/06/2021 11/06/21 Pending -- -- --
10/19/2021 10/19/21 Price Changed $89,500 -5.3% $58 / Sq Ft
10/12/2021 10/12/21 For Sale $94,500 -- $61 / 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 $2,147 $29,740 $3,610 $26,130
2023 $2,002 $27,280 $3,310 $23,970
2022 $1,928 $25,990 $3,270 $22,720
2021 $1,534 $21,430 $3,110 $18,320
2020 $1,525 $21,220 $3,080 $18,140
2019 $1,559 $21,650 $3,140 $18,510
2018 $1,633 $22,770 $3,170 $19,600
2017 $1,639 $23,000 $3,200 $19,800
2016 $1,582 $23,000 $3,200 $19,800
2015 $1,695 $22,550 $3,140 $19,410
2014 $1,702 $24,410 $2,980 $21,430
2013 -- $24,710 $3,020 $21,690
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2021

    Blake Bennett

    eXp Realty

    Section Image
  • Sara Skolaski

    Seller Co-Listing Agent in 2021

    Sara Skolaski

    eXp Realty

    (309) 253-2037

    9 in this area

    119 Total Sales

    Sara Skolaski
    Section Image

  • P

    Buyer's Agent in 2021

    Peggy Marsh-Kreichgauer

    Realty Executives

    (309) 232-6372

    2 in this area

    50 Total Sales

    Peggy Marsh-Kreichgauer
    Section Image
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Map

Source: RMLS Alliance

MLS Number: PA1229546

RMLS Alliance

APN: 14-33-227-003

Illinois Peoria County Peoria 61603 West Bluff

506 E Melbourne Ave, Peoria, IL

Not Listed for Sale

Detached

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