$245,000
SOLD JUN 3, 2025

507 4th Ave Marengo, IL 60152

3 Beds
2 Baths
1,290 Sq Ft
1992 Built

Recently Sold

$190 Per Sq Ft

2% Above List Price

0 Day on Market

Highlights

  • Deck
  • Skylights
  • Shed
  • Ranch Style House
  • Laundry Room
  • Forced Air Heating and Cooling System

About This Home

As of June 2025

This 3-bedroom, 2-bath ranch is a fantastic opportunity for those looking to add their personal touch! With an open concept floorplan featuring vaulted ceilings and skylights in the kitchen, this home is filled with natural light. Cozy up by the wood-burning fireplace on chilly nights, or step outside to enjoy the brand-new oversized deck, perfect for entertaining or relaxing. The huge master bedroom with window seat is its own retreat and features a private bathroom. The large fenced yard includes a storage shed, offering plenty of space for pets, gardening, or play. While this home needs a little TLC, it's priced to sell and packed with potential! Conveniently located just minutes from charming downtown Marengo, offering shops, dining, and community events. Don't miss this incredible value- You Deserve This! (as-is sale)

Last Agent to Sell the Property

Angela Bjork

Baird & Warner License #475123843 Listed on: 03/20/2025

Baird & Warner

Last Buyer's Agent

Lindsay Loredo

Baird & Warner Real Estate - A License #475211735

Baird & Warner Real Estate - A

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,587

Year Built

  • Built in 1992

Lot Details

  • Lot Dimensions are 66 x 132
  • Fenced

Parking

  • 2 Car Garage
  • Driveway

Home Design

  • Ranch Style House

Interior Spaces

  • 1,290 Sq Ft Home
  • Skylights
  • Wood Burning Fireplace
  • Family Room
  • Living Room with Fireplace
  • Dining Room
  • Carpet
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Deck
  • Shed

Schools

  • Locust Elementary School
  • Marengo Community Middle School
  • Marengo High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • 100 Amp Service

Listing and Financial Details

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,587

Year Built

Built in 1992

Lot Details

0

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: 1992
  • Age: 31-40 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • New Construction Y/N: No
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Crawl Space
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Flooring: Laminate
  • LivingArea: 1290
  • Room Type: No additional rooms
  • Window Features: Skylight(s)
  • Estimated Total Finished Sq Ft: 0
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 0
  • Flooring: Carpet

Exterior Features

  • Construction Materials: Aluminum Siding, Vinyl Siding
  • Fencing: Fenced
  • OtherStructures: Shed(s)
  • Patio And Porch Features: Deck
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Asphalt, Garage Door Opener, On Site, Garage Owned, Attached, Garage
  • ParkingTotal: 2

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: 100 Amp Service
  • Heating: Natural Gas, Forced Air
  • Laundry Features: In Unit
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Locust Elementary School
  • High School: Marengo High School
  • Middle/Junior School: Marengo Community Middle School

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 66 X 132
  • Rural (Y/N): N
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 3

Tax Info

  • Tax Annual Amount: 2586.9
  • Tax Year: 2023
  • Tax Exemptions: Homeowner,Senior,Senior Freeze

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2025
Closed on
Jun 3, 2025
Sold by
Lapak Vernette
Bought by
Carlson Damon
Seller's Agent
Angela Bjork
Baird & Warner
Buyer's Agent
Lindsay Loredo
Baird & Warner Real Estate - A
List Price
$239,900
Sold Price
$245,000
Premium/Discount to List
$5,100
2.13%
Views
46
Current Estimated Value
$245,817

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$817
Avg. Annual Appreciation
0.57%
Original Mortgage
$196,000
Outstanding Balance
$195,497
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$50,320

Purchase Details

Closed on
Jul 15, 2005
Sold by
Manley Cody D and Manley Deeana M
Bought by
Lapak Thomas M and Lapak Vernette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,130
Interest Rate
5.68%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 5, 1998
Sold by
Schaefer Donald W and Schaefer Dora M
Bought by
Manley Cody D and Manley Deeana M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,976
Interest Rate
7.32%
Mortgage Type
FHA
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 Type Sale Price Title Company
Warranty Deed $245,000 None Listed On Document
Warranty Deed $188,000 Commonwealth Title
Warranty Deed $135,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $196,000 New Conventional
Previous Owner $144,130 FHA
Previous Owner $132,976 FHA
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/03/2025 06/03/25 Sold $245,000 +2.1% $190 / Sq Ft
05/09/2025 05/09/25 Pending -- -- --
05/08/2025 05/08/25 For Sale $239,900 -- $186 / 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 $2,321 $75,943 $15,094 $60,849
2023 $2,587 $66,946 $13,306 $53,640
2022 $3,193 $60,541 $12,033 $48,508
2021 $3,279 $55,163 $10,964 $44,199
2020 $3,399 $52,496 $10,434 $42,062
2019 $3,809 $49,740 $9,886 $39,854
2018 $3,793 $46,590 $9,260 $37,330
2017 $3,623 $44,131 $8,771 $35,360
2016 $3,443 $41,232 $8,195 $33,037
2013 -- $40,341 $8,018 $32,323
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12317534

Midwest Real Estate Data (MRED)

APN: 11-25-376-011