NOT LISTED FOR SALE

511 W 1st St Homer, IL 61849

Estimated Value: $115,000 - $173,000

3 Beds
1.5 Baths
1,606 Sq Ft
$92/Sq Ft Est. Value

Last Sold November 15, 2023

Last sale price $105,000 $65 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $1,078/month

85 Days on Market

Highlights

  • Mature Trees
  • Home Office
  • Entrance Foyer
  • Wood Flooring
  • Formal Dining Room
  • Bathroom on Main Level

About This Home

As of November 2023

Second chance! The Buyer's house failed to sell, so they can't move forward buying this house. The appraisal came in at full value. Fantastic "sweat equity" opportunity... Roll up your sleaves and bring your tools to make it your own inside. This 1947 solid built 1600 sqft ranch is situated on a double lot, across from the school. Big kitchen, 3 big bedrooms, separate dining room, office (breezeway) and HUGE living room. In the past 6 months, over 30K invested in: new roof (with transferrable warranty) rebuilt exterior chimney, (use for electric/gas only) main supports under house have been professionally reinforced and replacement front window on order. Furnace and a/c ~2012. Need garage space? Original 1.5 (28 x 15) car attached garage PLUS 2.5 (24 x 23) car "COACH HOUSE" is attached with a finished breezeway. Tons of parking. Updated electric. City water and recently new line to the public sewer! Mature trees. Yard clean up in progress 2 new storm doors. House is in an estate, no sellers disclosure. Sold in 'as-is' condition. Priced 20K below assessed value to for quick, no fuss sale. Preapproved buyers only please. Hurry, before this one slips away!

Last Agent to Sell the Property

Diane Dawson

RE/MAX REALTY ASSOCIATES-CHA License #475126019 Listed on: 07/12/2023

RE/MAX REALTY ASSOCIATES-CHA

Last Buyer's Agent

Brandon Moore

RE/MAX REALTY ASSOCIATES-CHA License #475119265

RE/MAX REALTY ASSOCIATES-CHA

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,227

Year Built

  • Built in 1947

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 112 x 132
  • Paved or Partially Paved Lot
  • Mature Trees

Parking

  • 4 Car Garage
  • Heated Garage
  • Garage Transmitter
  • Garage Door Opener
  • Driveway
  • Parking Included in Price

Home Design

  • Asphalt Roof

Interior Spaces

  • 1,606 Sq Ft Home
  • 1-Story Property
  • Entrance Foyer
  • Living Room with Fireplace
  • Formal Dining Room
  • Home Office
  • Wood Flooring
  • Laundry on main level

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • Bathroom on Main Level

Schools

  • Heritage Elementary School
  • Heritage Junior High School
  • Heritage High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,227

Year Built

Built in 1947

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Year Built: 1947
  • Age: 71-80 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • New Construction Y/N: No
  • Legal Description: SEC 08, TWP 18N, RNG 14W
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: None
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Interior Amenities: Hardwood Floors, First Floor Bedroom, First Floor Laundry, First Floor Full Bath
  • LivingArea: 1606
  • Room Type: Office, Foyer
  • Estimated Total Finished Sq Ft: 1606
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 1606
  • Basement Sq Ft: 0
  • Fireplace Location: Living Room
  • Total Sq Ft: 1606
  • Unfinished Basement Sq Ft: 0
  • Upper Level Sq Ft: 0
  • Main Level Sq Ft: 1606
  • Lower Level Sq Ft: 0
  • Unfinished Lower Sq Ft: 0
  • ResoLivingAreaSource: Other

Exterior Features

  • List Price: 110000
  • Lot Features: Mature Trees, Sidewalks
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding,Brick

Garage/Parking

  • Garage Spaces: 4
  • Parking Features: Driveway
  • ParkingTotal: 6
  • Number of Cars: 10
  • Garage Details: Garage Door Opener(s),Transmitter(s),Heated
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached,Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Sidewalks, Street Lights, Street Paved
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Heritage Elementary School
  • High School: Heritage High School
  • Middle/Junior School: Heritage Junior High School
  • Middle/Junior School District: 8

Lot Info

  • Lot Size Acres: 0.32
  • Lot Dimensions: 112 X 132
  • Lot Size: .25-.49 Acre
  • Special Assessments: U
  • Zero Lot Line: No

Rental Info

  • Board Number: 22
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 3227.14
  • Tax Year: 2022
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2023
Closed on
Nov 15, 2023
Sold by
Finney Kristina
Bought by
Sospen Llc
Seller's Agent
Diane Dawson
RE/MAX REALTY ASSOCIATES-CHA
Buyer's Agent
Brandon Moore
RE/MAX REALTY ASSOCIATES-CHA
List Price
$110,000
Sold Price
$105,000
Premium/Discount to List
-$5,000
-4.55%
Views
137
Current Estimated Value
$147,510

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,510
Avg. Annual Appreciation
20.29%
Original Mortgage
$120,000
Outstanding Balance
$118,102
Interest Rate
7.75%
Mortgage Type
New Conventional
Estimated Equity
$29,408
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
Sospen Llc $105,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sospen Llc $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2023 11/15/23 Sold $105,000 -4.5% $65 / Sq Ft
10/06/2023 10/06/23 Pending -- -- --
08/21/2023 08/21/23 For Sale $110,000 0.0% $68 / Sq Ft
07/19/2023 07/19/23 Pending -- -- --
07/12/2023 07/12/23 For Sale $110,000 -- $68 / 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 $3,503 $35,000 $6,650 $28,350
2023 $3,503 $42,930 $6,260 $36,670
2022 $3,227 $39,240 $5,720 $33,520
2021 $2,563 $36,470 $5,320 $31,150
2020 $2,570 $35,440 $5,170 $30,270
2019 $2,548 $35,440 $5,170 $30,270
2018 $2,488 $34,570 $5,040 $29,530
2017 $2,376 $32,920 $4,800 $28,120
2016 $2,349 $31,350 $4,570 $26,780
2015 $2,277 $30,110 $4,390 $25,720
2014 $409 $32,900 $4,970 $27,930
2013 $398 $32,900 $4,970 $27,930
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11789773

Midwest Real Estate Data (MRED)

APN: 26-30-08-253-002