NOT LISTED FOR SALE

512 E Prospect Ln Peoria, IL 61614

Estimated Value: $416,069 - $639,000

3 Beds
3 Baths
4,027 Sq Ft
$120/Sq Ft Est. Value

Last Sold February 11, 2022

Last sale price $340,000 $84 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $3,303/month

15 Days on Market

Highlights

  • Ranch Style House
  • Patio
  • Garage
  • Porch
  • Water Softener is Owned

About This Home

As of February 2022

Sprawling mid-century, custom built 3BR/3.5BA ranch on .76 acre wooded cul-de-sac lot. Attached 2 stall heated garage plus a 2 stall detached garage. Italian tile entry leads into the large living room with a woodburning fireplace. Sunken family room/sunroom features Italian tile, built-in cabinetry & numerous windows. Formal dining room plus an eat-in kitchen. Custom kitchen with pantry, planning desk & 2 lazy susans. Fully applianced! Convenient main floor laundry room. Master suite includes 5 closets & pocket door to private bathroom. BR#2 includes built-in cabinets, desks and bookcases. Tiled bathrooms! Finished lower level offers a fireplaced rec room and a kitchenette…great for entertaining! New half bath 2021. 25’x12’ workshop in basement with extra staircase. Huge 41’x23’ patio plus a 6’x6’ garden shed. New shingles Oct 2013 with stainless steel lifetime gutters. Fresh paint, new water heater & updated electrical 2021. Numerous updates! Available for immediate possession!

Last Agent to Sell the Property

Michelle Largent

RE/MAX Traders Unlimited License #475095570 Listed on: 12/20/2021

RE/MAX Traders Unlimited

Last Buyer's Agent

Christine Schauble

eXp Realty License #471010122

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,297

Year Built

  • Built in 1958

Lot Details

  • 0.76

Home Design

  • Ranch Style House
  • Frame Construction
  • Radon Mitigation System

Interior Spaces

  • 3 Full Bathrooms
  • Blinds
  • Sump Pump

Kitchen

  • Oven or Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Garage Door Opener

Outdoor Features

  • Patio
  • Porch

Schools

  • Peoria Heights Gs Elementary School

Utilities

  • Water Softener is Owned
  • Cable TV Available

Community Details

  • Association fees include maintenance/road

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,297

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: Ranch
  • Legal Description: MORNINGSIDE SUB SE 1/4 SEC 16-9-8E & NE 1/4 SEC 21-9-8E NE 250' LOT 30
  • Lvt Date: 12/28/2021
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dryer, Dishwasher, Disposal, Hood/Fan, Microwave Oven, Refrigerator, Range/Oven, Washer, Water Softener - Owned
  • Fireplace: Family Room, Gas Logs, Inoperable, Living Room, Rec Room, Wood Burning
  • Interior Amenities: Blinds, Cable Tv Available, Garage Door Opener(s), Radon Mitigation System, Window Coverings
  • Number Fireplaces: 3
  • Total Bathrooms: 4
  • Total Full Baths: 3
  • Number of Main Level Full Bathrooms: 3
  • Total Half Baths: 1
  • Number of Main Level Half Bathrooms: 1
  • Bedrooms: 3
  • Master Bedroom: Dimensions: 14.07x14.07, On Level: Main, Flooring: Carpet
  • Basement Foundation: Block, Crawl Space, Finished, Partial, Slab, Walk-Out
  • Master Bedroom Egress Window: Yes
  • Bathroom Master Bedroom: Full
  • Bedroom 2: Dimensions: 14.05x11.11, On Level: Main, Flooring: Hardwood
  • Bedroom 2 Egress Window: Yes
  • Bedroom 3: Dimensions: 13.07x13.02, On Level: Main, Flooring: Carpet
  • Bedroom 3 Egress Window: Yes
  • Family Room: Dimensions: 23.06x13.04, On Level: Main, Flooring: Tile
  • Formal Dining Room: Dimensions: 13x13, On Level: Main, Flooring: Carpet
  • Informal Dining Room: Dimensions: 13.01x9.04, On Level: Main, Flooring: Vinyl
  • Kitchen: Dimensions: 13.01x12.01, On Level: Main, Flooring: Vinyl
  • Kitchen Dining: Dining Formal, Eat-In Kitchen, Pantry
  • Laundry: Dimensions: 10.08x7.11, On Level: Main, Flooring: Vinyl
  • Living Room: Dimensions: 24x17.02, On Level: Main, Flooring: Carpet
  • Basement Finished Sq Ft: 1065
  • Rec Room: Dimensions: 39.01x16.09, On Level: Basement, Flooring: Carpet
  • Total Basement Sq Ft: 1450
  • Additional Room 1: Dimensions: 13.1x5.1, On Level: Main, Flooring: Tile
  • Additional Room 2: Dimensions: 20.07x19, On Level: Basement, Flooring: Carpet
  • Price Per Sq Ft: 114.79
  • Finished Sq Ft: 4027
  • Total Sq Ft: 2962
  • Finished Main Level Sq Ft: 2962

Exterior Features

  • Exterior: Brick, Wood Siding
  • Exterior Amenities: Patio, Porch
  • Road Access: Paved, Private Road
  • Roofing: Shingles
  • Construction Type: Frame

Garage/Parking

  • Garage Parking: Attached, Detached, Guest Parking, Heated
  • Garage Yn: Yes
  • Number Cars: 4
  • Number Of Garage Remotes: 2

Utilities

  • Heating Cooling: Gas, Forced Air, Water Heater - Gas, Central Air
  • Utilities On: Yes
  • Water Sewer: Public Sewer, Public Water, Sump Pump
  • Utility Companies: Ameren

Condo/Co-op/Association

  • HOA Fee Includes: Maintenance/Road
  • Association Annual Fee: 125
  • Annual Mandatory Association: Yes

Schools

  • Elementary School: Peoria Heights Gs

Lot Info

  • Estimated Lot Size: 250 x 132
  • Estimated Number of Acres: 0.76
  • Lot Description: Cul-De-Sac, Level
  • Zoning: Residential
  • Subdivision: Morningside
  • Geo Subdivision: IL

Tax Info

  • Annual Taxes: 9297.12
  • Parcel Id Number Tax Id: 14-16-477-001
  • Tax Year: 2020

MLS Schools

  • High School School District: Peoria Heights

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 20, 2021
Closed on
Feb 16, 2022
Sold by
Prospect Lane 2012 Limited Partnership
Bought by
Shallat John S and Shallat Shelly S
Seller's Agent
Michelle Largent
RE/MAX Traders Unlimited
Buyer's Agent
Christine Schauble
eXp Realty
List Price
$335,000
Sold Price
$340,000
Premium/Discount to List
$5,000
1.49%
Current Estimated Value
$481,767

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$141,767
Avg. Annual Appreciation
9.22%
Original Mortgage
$272,000
Outstanding Balance
$215,965
Interest Rate
2.5%
Mortgage Type
New Conventional
Estimated Equity
$265,802

Purchase Details

Listed on
Dec 20, 2021
Closed on
Feb 11, 2022
Sold by
Prospect Lane 2012 Limited Partnership
Bought by
Shallat John S and Shallat Shelly S
Seller's Agent
Michelle Largent
RE/MAX Traders Unlimited
Buyer's Agent
Christine Schauble
eXp Realty
List Price
$335,000
Sold Price
$340,000
Premium/Discount to List
$5,000
1.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Outstanding Balance
$215,965
Interest Rate
2.5%
Mortgage Type
New Conventional
Estimated Equity
$265,802
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 Buyer Sale Price Title Company
Shallat John S $340,000 Jacobs Randall M
Shallat John S $340,000 Jacobs Randall M
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shallat John S $272,000
Closed Shallat John S $272,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/11/2022 02/11/22 Sold $340,000 +1.5% $84 / Sq Ft
01/04/2022 01/04/22 Pending -- -- --
12/20/2021 12/20/21 For Sale $335,000 -- $83 / Sq Ft
Source: RMLS Alliance

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 $9,608 $118,500 $27,450 $91,050
2023 $9,203 $108,710 $25,180 $83,530
2022 $10,167 $110,820 $24,260 $86,560
2021 $9,101 $97,420 $23,090 $74,330
2020 $9,297 $95,510 $22,640 $72,870
2019 $9,259 $95,510 $22,640 $72,870
2018 $8,926 $92,650 $21,960 $70,690
2017 $9,048 $94,540 $22,410 $72,130
2016 $8,869 $94,540 $22,410 $72,130
2015 $8,193 $94,540 $22,410 $72,130
2014 $8,287 $88,280 $18,740 $69,540
2013 -- $88,720 $18,830 $69,890
Source: Public Records

Agents Affiliated with this Home

  • Michelle Largent

    Seller's Agent in 2022

    Michelle Largent

    RE/MAX

    (309) 687-4862

    14 in this area

    686 Total Sales

    Michelle Largent
    Section Image
  • Christine Schauble

    Buyer's Agent in 2022

    Christine Schauble

    eXp Realty

    (309) 208-9900

    18 in this area

    1,166 Total Sales

    Christine Schauble
    Section Image
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Map

Source: RMLS Alliance

MLS Number: PA1230946

RMLS Alliance

APN: 14-16-477-001

Illinois Peoria County Peoria 61614

512 E Prospect Ln, Peoria, IL

Not Listed for Sale

Detached

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