$160,000
SOLD APR 30, 2025

507 E Lincolnway Morrison, IL 61270

4 Beds
2 Baths
2,480 Sq Ft
8,756 Sq Ft Lot

Recently Sold

$65 Per Sq Ft

15% Below List Price

146 Days on Market

Highlights

  • Porch
  • Laundry Room
  • Forced Air Heating and Cooling System
  • Patio
  • ENERGY STAR Qualified Appliances
  • Water Softener is Owned

About This Home

As of April 2025

What a unique 2-story home that is full of original character but has so many modern updates & includes almost 2500 square feet! Everything you need is on the main level with a spacious living/dining room combo, custom kitchen, laundry, full bath & master bedroom with walk-in closet. Another room off the dining area could be a bedroom, den, or a perfect office space with a wall of shelves. The 2nd level has 2 more bedrooms, 3/4 bath, landing area that has a small kitchenette & a room with a washer/dryer, storage, electrical box & water heater. Potential is still there to put the home back into a duplex & rent out the upstairs! Enjoy sitting out in the enclosed back porch or hangout on the patio & fenced in backyard. The 2-car garage is currently set up as another living area/mancave with flooring, bar, sink, with heat/AC, but can easily be converted back to a 2-car garage. Another detached small garage is currently used for storage. List of updates include: Roof/gutters 2013, Furnace/AC 2018, front landscaping 2019, all new custom kitchen/appliances/quartz counter/LVP flooring 2020, and fence 2023. Move right into this well-maintained, beautiful home!

Last Agent to Sell the Property

Cindy Ottens

Mel Foster Co. Clinton License #475.125837/S69417000 Listed on: 11/03/2024

Mel Foster Co. Clinton

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,829

Year Built

  • Built in 1920

Lot Details

  • Lot Dimensions are 87x7x90.32x98
  • Fenced
  • Level Lot

Parking

  • 3 Car Garage

Interior Spaces

  • 2,480 Sq Ft Home
  • 2-Story Property
  • Combination Dining and Living Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Range with Range Hood
  • Microwave
  • Dishwasher
  • ENERGY STAR Qualified Appliances

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Patio
  • Porch

Schools

  • Morrison High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Water Softener is Owned

Community Details

  • Morrison Subdivision

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,829

Year Built

Built in 1920

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Attached: Townhouse-2 Story
  • Type Detached: 2 Stories
  • New Construction: No
  • Property Sub-Type: Townhouse-2 Story
  • Subdivision Name: Morrison
  • Year Built: 1920
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • Legal Description: BLK E PT LOT 8 & LOT 9 MF 8899-02 150700X
  • Actual Status: Closed
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: ENERGY STAR Qualified Appliances, Dishwasher, Dryer, Range Hood, Microwave, Other, Range, Refrigerator, Washer, Water Softener Owned
  • Basement: Unfinished, Full
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • LivingArea: 2480
  • Window Features: Blinds
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm

Exterior Features

  • Construction Materials: Vinyl Siding
  • Fencing: Fenced
  • Lot Features: Level
  • Patio And Porch Features: Patio, Porch

Garage/Parking

  • Garage Spaces: 3
  • Parking Features: Detached, Garage
  • ParkingTotal: 3

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Schools

  • High School: Morrison

Lot Info

  • Lot Dimensions: 87x7x90.32x98

Rental Info

  • Board Number: 30

Tax Info

  • Tax Annual Amount: 1829
  • Tax Year: 2023
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 3, 2024
Closed on
Apr 30, 2025
Sold by
Gorzny David A and Gorzny Angie J
Bought by
Scott Austin D and Johnson Maureen E
Seller's Agent
Cindy Ottens
Mel Foster Co. Clinton
List Price
$189,000
Sold Price
$160,000
Premium/Discount to List
-$29,000
-15.34%
Views
106
Current Estimated Value
$161,315

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,315
Avg. Annual Appreciation
1.21%
Original Mortgage
$109,347
Outstanding Balance
$108,541
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$52,774
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 $160,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $109,347 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2025 04/30/25 Sold $160,000 -15.3% $65 / Sq Ft
03/29/2025 03/29/25 Pending -- -- --
11/03/2024 11/03/24 For Sale $189,000 -- $76 / 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 $2,011 $30,652 $2,261 $28,391
2023 $1,829 $27,906 $2,058 $25,848
2022 $1,683 $25,915 $1,911 $24,004
2021 $1,628 $25,377 $1,871 $23,506
2020 $1,668 $25,858 $1,906 $23,952
2019 $1,562 $24,413 $2,370 $22,043
2018 $1,486 $22,791 $2,359 $20,432
2017 $1,360 $21,893 $2,266 $19,627
2016 $1,288 $21,116 $2,186 $18,930
2015 $122 $20,023 $2,239 $17,784
2014 $1,209 $19,797 $2,214 $17,583
2013 $122 $20,023 $2,239 $17,784
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: QC4258056

Midwest Real Estate Data (MRED)

APN: 0918427004