NOT LISTED FOR SALE

506 S Spring Lake Rd Mahomet, IL 61853

Estimated Value: $301,000 - $349,000

3 Beds
2 Baths
1,931 Sq Ft
$170/Sq Ft Est. Value

Last Sold October 16, 2020

Last sale price $266,300 $138 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $2,148/month

1 Day on Market

Highlights

  • Lake Front
  • Open Floorplan
  • Deck
  • Updated Kitchen
  • Mature Trees
  • Vaulted Ceiling

About This Home

As of October 2020

Welcome home! This waterfront home on Mahomet's Spring Lake will be your own retreat! The recently landscaped exterior adds to the character of the property and is sure to impress. The welcoming foyer leads you to the heart of the home, which features a stunning open concept living room, dining room and kitchen combo with cathedral ceilings and skylights. Flanked with large sliding glass doors, the open space offers tons of natural light and a beautiful view of the lake! The updated kitchen dazzles with its modern cabinets, glimmering quartz countertops, and stainless steal appliances. Off the main living space is a spacious sunroom that offers more great views and could easily double as a playroom, den, or place for relaxation. French doors with a large transom window lead you to the resort-like owner's suite, which includes an updated full bath with walk-in shower, walk-in closet, and a private balcony overlooking the lake! The additional two bedrooms are spacious and feature windows with seating, large closets, newer carpet, and vaulted ceilings. At the end of the hall is the second full bath, which has been recently updated and feels like a spa. You will want to spend all your time outdoors, either at the koi pond in the front, on the large back patio, or at the private boat dock! There is an attached 2 car garage, as well as a shed in the back that is perfect for extra storage. Look no further, this is the retreat of your dreams!

Last Agent to Sell the Property

Ryan Dallas

RYAN DALLAS REAL ESTATE License #475143433 Listed on: 08/26/2020

Last Buyer's Agent

Nick Taylor

Taylor Realty Associates License #471001633

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,426

Year Built

  • 1992

Lot Details

  • Lake Front
  • East or West Exposure
  • Irregular Lot
  • Mature Trees

HOA Fees

  • $42 per month

Parking

  • Attached Garage
  • Driveway
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Vinyl Siding

Interior Spaces

  • Open Floorplan
  • Vaulted Ceiling
  • Skylights
  • Sun or Florida Room
  • Partially Carpeted
  • Crawl Space
  • Laundry on main level
  • Property Views

Kitchen

  • Updated Kitchen
  • Breakfast Bar
  • Built-In Oven
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Walk-In Closet
  • Bathroom on Main Level

Outdoor Features

  • Access To Lake
  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Shared Well
  • Private or Community Septic Tank

Listing and Financial Details

  • Homeowner Tax Exemptions
  • $3,000 Seller Concession

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,426

Year Built

1992

Lot Details

0

HOA Fees

$42 per month

Parking

2

Listing Details

  • Property Type: Detached Single
  • Age: 26-30 Years
  • Full Bathrooms: 2
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 2
  • Total Sq Ft: 1931
  • Type Detached: 1 Story
  • Estimated Year Built: 1992
  • Tax Exemptions: Homeowner
  • Total Sq Ft: 1931
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1992

Interior Features

  • Interior Property Features: Vaulted/Cathedral Ceilings, Skylight(s), 1st Floor Bedroom, 1st Floor Laundry, 1st Floor Full Bath, Walk-In Closet(s), Open Floorplan, Some Carpeting
  • Number Of Rooms: 6
  • Living Room: Dimensions: 17X15, On Level: Main Level, Flooring: Carpet
  • Appliances: Microwave, Dishwasher, Refrigerator, All Stainless Steel Kitchen Appliances, Oven/Built-in
  • Basement: Crawl
  • Bedrooms All Levels: 3
  • Above Grade Bedrooms: 3
  • Laundry: Dimensions: 12X5, On Level: Main Level, Flooring: Wood Laminate
  • Dining Room: Dimensions: 13X13, On Level: Main Level, Flooring: Ceramic Tile
  • Kitchen Type: Dimensions: 12X12, On Level: Main Level, Flooring: Ceramic Tile
  • Kitchen Type: Eating Area-Breakfast Bar, Pantry, Updated Kitchen
  • Additional Rooms: Sun/Florida Room
  • Master Bedroom: Dimensions: 18X15, On Level: Main Level, Flooring: Carpet
  • Additional Room 1 Name: Sunroom, Dimensions: 17X10, On Level: Main Level, Flooring: Wood Laminate
  • Bedroom 2: Dimensions: 14X12, On Level: Main Level, Flooring: Carpet
  • Bedroom 3: Dimensions: 14X12, On Level: Main Level, Flooring: Carpet
  • Estimated Sq Ft: 1931
  • Estimated Total Finished Sq Ft: 1931
  • Main Level Sq Ft: 1931

Exterior Features

  • Lot Size: .25-.49 Acre
  • Exterior Building Type: Vinyl Siding
  • Waterfront: Yes
  • Exterior Property Features: Deck
  • Exposure: W (West)
  • Acreage: 0.38

Garage/Parking

  • Number of Cars: 2
  • Parking: Garage
  • Garage Type: Attached
  • Garage On Site: Yes
  • Number Garage Spaces: 2
  • Driveway: Concrete
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

  • Air Conditioner: Central Air
  • Water: Well-Shared
  • Sewer: Septic-Private
  • Heating Fuel: Gas, Forced Air

Condo/Co-op/Association

  • Fee Frequency: Annual
  • Assessment Includes: Lake Rights
  • Special Assessments: Y
  • Assessment Association Fees: 500

Schools

  • School District: 3
  • Elementary School: Mahomet Elementary School
  • Middle School: Mahomet Junior High School
  • High School: Mahomet-Seymour High School
  • Junior High Dist: 3

Lot Info

  • Lot Dimensions: 90.3X197.31X94.8X165.73
  • Lot Description: Irregular, Lake Front, Mature Trees, Lake Access, Views, Waterfront Lot
  • Parcel Identification Number: 151317326006

Tax Info

  • Taxes: 3990.02

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2016
Closed on
May 27, 2016
Sold by
Roney Raquel E
Bought by
Pfoff Daniel E and Pfoff Darby M
Seller's Agent
Amber Dalton
Coldwell Banker R.E. Group
Buyer's Agent
Aron Virden
Midwest Land Group
List Price
$197,900
Sold Price
$190,900
Premium/Discount to List
-$7,000
-3.54%
Current Estimated Value
$327,740

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$136,840
Avg. Annual Appreciation
5.96%
Original Mortgage
$181,355
Interest Rate
2.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 15, 2012
Sold by
Pulliam Adam W and Pulliam Tracy L
Bought by
Roney Raquel E

Purchase Details

Closed on
Apr 18, 2006
Sold by
Stalter Randall and Stalter Catherine S
Bought by
Pulliam Adam W and Pulliam Tracy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,250
Interest Rate
6.62%
Mortgage Type
Fannie Mae Freddie Mac
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
Pfoff Daniel E $191,000 None Available
Roney Raquel E $187,500 None Available
Pulliam Adam W $182,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pfoff Daniel E $181,355
Previous Owner Pulliam Adam W $164,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/16/2020 10/16/20 Sold $266,300 +2.5% $138 / Sq Ft
08/27/2020 08/27/20 Pending -- -- --
08/26/2020 08/26/20 For Sale $259,900 +36.1% $135 / Sq Ft
05/31/2016 05/31/16 Sold $190,900 -3.5% $97 / Sq Ft
04/18/2016 04/18/16 Pending -- -- --
02/12/2016 02/12/16 For Sale $197,900 -- $100 / 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
2024 $4,426 $84,750 $18,030 $66,720
2023 $4,426 $73,320 $16,390 $56,930
2022 $4,418 $67,580 $15,110 $52,470
2021 $4,173 $63,870 $14,280 $49,590
2020 $4,095 $62,800 $14,040 $48,760
2019 $3,990 $61,810 $13,820 $47,990
2018 $3,874 $60,480 $13,520 $46,960
2017 $3,710 $57,600 $12,880 $44,720
2016 $3,697 $57,600 $12,880 $44,720
2015 $3,713 $57,600 $12,880 $44,720
2014 $3,518 $55,170 $12,340 $42,830
2013 $3,508 $55,170 $12,340 $42,830
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10823651

Midwest Real Estate Data (MRED)

APN: 15-13-17-326-006