NOT LISTED FOR SALE

511 S Central St Gilman, IL 60938

Estimated Value: $127,000 - $200,000

3 Beds
2 Baths
1,768 Sq Ft
$88/Sq Ft Est. Value

Last Sold March 29, 2024

Last sale price $105,000 $59 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $1,100/month

4 Days on Market

Highlights

  • Formal Dining Room
  • 2 Car Detached Garage
  • Heating System Uses Steam

About This Home

As of March 2024

Welcome to this spacious 3 bedroom, 2 full bathroom home with abundant potential! Boasting a living room, dining room, and a vast family room, this residence offers ample space for comfortable living and entertaining. The kitchen is remarkably spacious. While the home may benefit from some tender loving care, its expansive layout and detached 2-car garage present an exceptional opportunity for customization and enhancement. Don't miss out on the chance to transform this property into your dream home! Home is being sold AS-IS. Call today to schedule your private showing!

Last Agent to Sell the Property

Elizabeth Barbosa

RE/MAX Prestige Homes License #475199321 Listed on: 02/21/2024

RE/MAX Prestige Homes

Last Buyer's Agent

Rory Hertzberg

Village Realty, Inc License #475168321

Village Realty, Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,017

Year Built

  • Built in 1913

Lot Details

  • Lot Dimensions are 67x100
  • Property is zoned SINGL

Parking

  • 2 Car Detached Garage
  • Driveway
  • Parking Space is Owned

Home Design

  • Aluminum Siding

Interior Spaces

  • 1,768 Sq Ft Home
  • 2-Story Property
  • Formal Dining Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Full Bathrooms

Utilities

  • One Cooling System Mounted To A Wall/Window
  • Heating System Uses Steam

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,017

Year Built

Built in 1913

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 1913
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Full
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • LivingArea: 1768
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Assessor

Exterior Features

  • List Price: 110000
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Driveway: Asphalt
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Window/Wall Unit - 1
  • Heating: Steam
  • 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

  • Middle/Junior School District: 10

Lot Info

  • Lot Dimensions: 67X100
  • Zoning: SINGL
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 21

Tax Info

  • Tax Annual Amount: 3017
  • Tax Year: 2022
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2024
Closed on
Mar 26, 2024
Sold by
Honeycutt Matthew Z and Honeycutt Raelene K
Bought by
Andrade Samuel and Gonzalez Mariah R
Seller's Agent
Elizabeth Barbosa
RE/MAX Prestige Homes
Buyer's Agent
Rory Hertzberg
Village Realty, Inc
List Price
$110,000
Sold Price
$105,000
Premium/Discount to List
-$5,000
-4.55%
Views
37
Current Estimated Value
$155,789

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,789
Avg. Annual Appreciation
15.90%
Original Mortgage
$99,750
Outstanding Balance
$98,547
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$31,883

Purchase Details

Closed on
Jun 1, 2008
Bought by
Honeycutt Matthew and Honeycutt Raelene
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
Andrade Samuel $105,000 Old Republic Title
Honeycutt Matthew $77,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Andrade Samuel $99,750
Previous Owner Honeycutt Matthew Z $77,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2024 03/29/24 Sold $105,000 -4.5% $59 / Sq Ft
02/26/2024 02/26/24 Pending -- -- --
02/21/2024 02/21/24 For Sale $110,000 -- $62 / 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 $3,239 $47,470 $5,600 $41,870
2023 $3,239 $44,890 $5,300 $39,590
2022 $2,995 $44,450 $5,250 $39,200
2021 $2,720 $38,000 $4,490 $33,510
2020 $2,709 $35,400 $4,180 $31,220
2019 $2,639 $34,230 $4,040 $30,190
2018 $2,560 $33,330 $3,930 $29,400
2017 $2,573 $32,740 $3,860 $28,880
2016 $2,577 $32,740 $3,860 $28,880
2015 $2,409 $32,330 $3,810 $28,520
2014 $2,409 $31,740 $3,740 $28,000
2013 $2,683 $33,140 $3,910 $29,230
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11985796

Midwest Real Estate Data (MRED)

APN: 24-06-154-003