NOT LISTED FOR SALE

506 S Rathje Rd Peotone, IL 60468

Estimated Value: $270,000 - $302,000

3 Beds
1 Bath
1,500 Sq Ft
$189/Sq Ft Est. Value

Last Sold October 15, 2021

Last sale price $222,000 $148 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $1,873/month

Highlights

  • Attached Garage
  • 1-Story Property
  • Senior Tax Exemptions
  • Peotone Junior High School Rated 9+

About This Home

As of October 2021

Make this house your home! This 3 bedroom, 1 bath home is in a great neighborhood and the perfect opportunity to make it your own. Full basement with endless possibilities. Extra large yard with mature trees. Oversized 2-car garage is equipped with a workbench and a sink. The house has a whole house generator. The roof and siding were replaced in 2020 and Leaf Guard Gutters installed. There is a lot of potential here! Estate sale being sold "AS IS".

Last Agent to Sell the Property

Gayle Malone

Jones Real Estate License #475173752 Listed on: 09/01/2021

Last Buyer's Agent

Patricia Martin

Berkshire Hathaway HomeServices Speckman Realty License #475138934

Berkshire Hathaway HomeServices Speckman Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,956

Year Built

  • 1971

Lot Details

  • 0.33

Parking

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

Interior Spaces

  • 1-Story Property
  • Unfinished Basement

Listing and Financial Details

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,956

Year Built

1971

Lot Details

0

Parking

2

Listing Details

  • Property Type: Detached Single
  • Property Type: Residential
  • Type Detached: 1 Story
  • Property Sub Type: 1 Story
  • 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
  • Directions: Peotone Wilmington Road East to Rathje Road North
  • Lot Size: 172X87
  • New Construction: No
  • Ownership: Fee Simple
  • Special Features: None
  • Year Built: 1971

Interior Features

  • Appliances: Range, Refrigerator, Dryer, Water Softener
  • Has Basement: Full
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • Full Bathrooms: 1
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Dining Room Type: No additional rooms

Exterior Features

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

Garage/Parking

  • Number of Cars: 2
  • Driveway: Concrete
  • Garage Details: Garage Door Opener(s),Transmitter(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: Private

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: 207U

Lot Info

  • Lot Size: .25-.49 Acre
  • Special Assessments: N
  • Additional Parcels: No

Rental Info

  • Board Number: 21

Tax Info

  • Tax Exemptions: Homeowner,Senior,Senior Freeze
  • Tax Annual Amount: 2052
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2021
Closed on
Oct 15, 2021
Sold by
Buchmeier Monte and Naomi A Buchmeier Trust
Bought by
Wright Stanley and Wright Janet
Seller's Agent
Gayle Malone
Jones Real Estate
Buyer's Agent
Patricia Martin
Berkshire Hathaway HomeServices Speckman Realty
List Price
$226,500
Sold Price
$222,000
Premium/Discount to List
-$4,500
-1.99%
Current Estimated Value
$283,844

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,844
Avg. Annual Appreciation
6.58%
Original Mortgage
$177,600
Outstanding Balance
$163,005
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$121,431

Purchase Details

Closed on
Nov 29, 1995
Sold by
Buchmeier Naomi A
Bought by
Buchmeier Naomi A and Naomi A Buchmeier Trust
Source: Public Records

Range of Values:

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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
Wright Stanley $222,000 Fidelity National Title
Buchmeier Naomi A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wright Stanley $177,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2021 10/15/21 Sold $222,000 0.0% $148 / Sq Ft
10/15/2021 10/15/21 Off Market $222,000 -- --
10/01/2021 10/01/21 Off Market $222,000 -- --
09/02/2021 09/02/21 Pending -- -- --
09/01/2021 09/01/21 For Sale $226,500 -- $151 / 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
2023 $3,956 $75,272 $18,161 $57,111
2022 $4,127 $67,904 $16,383 $51,521
2021 $1,999 $62,752 $15,140 $47,612
2020 $2,052 $59,594 $14,378 $45,216
2019 $2,143 $59,594 $14,378 $45,216
2018 $2,291 $59,594 $14,378 $45,216
2017 $2,306 $57,154 $13,127 $44,027
2016 $2,322 $56,034 $12,870 $43,164
2015 $2,470 $54,192 $12,447 $41,745
2014 $2,470 $54,192 $12,447 $41,745
2013 $2,470 $54,580 $12,536 $42,044
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11206485

Midwest Real Estate Data (MRED)

APN: 17-20-23-406-006