$361,000
SOLD JUL 7, 2025

513 Matthews Ln Waterloo, IL 62298

3 Beds
2.5 Baths
3,114 Sq Ft
1.05 Acres

Recently Sold

$116 Per Sq Ft

3% Above List Price

3 Days on Market

Highlights

  • Fireplace in Bathroom
  • Deck
  • Loft
  • Rogers Elementary School Rated A-
  • Traditional Architecture
  • Private Yard

About This Home

As of July 2025

Have you been searching for the opportunity to own and customize a truly one of a kind home and property? 513 Matthews Lane may just be the one you've been waiting for! Nestled back on a private lane, ample yard space & fantastic location are the first surprises you will find. This home sits on .57 acres, & Included in the sale, an additional .48 acre parcel will TOTAL 1.05+/- acres of possibilities! This one owner home was custom built & lovingly designed to show off unique architectural features, offer an abundance of entertaining space, and presents the perfect blank canvas for a creative & capable new owner to transform and update to the vast potential it shows! Over 2600+ sqft finished this true 2 story offers 3 large bedrooms, 2 full & one half baths, massive entertaining areas on main level, loads of potential for the creative dreamer to refresh its original modern design and bring all your customized visions to life! New roof 2024, *Dishwasher does not work", Priced accordingly to conceptual renovations and updating Buyers will likely want to do. Home is being "Sold AS IS Only" Estate sale ( POA) * cash or Conventional loan type only. AS IS SALE. Possibilities are endless, opportunity is rare!

Last Agent to Sell the Property

Mandy McGuire

Keller Williams Pinnacle License #475127709 Listed on: 05/30/2025

Keller Williams Pinnacle

Last Buyer's Agent

Karen Whelan

Strano & Associates License #475190485

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,950

Year Built

  • Built in 1985

Lot Details

  • 1.05 Acre Lot
  • Lot Dimensions are 125' x 200' x 125' x 200'
  • Private Yard
  • Back Yard

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Additional Parking
  • Off-Street Parking

Home Design

  • Traditional Architecture
  • Architectural Shingle Roof

Interior Spaces

  • 1.5-Story Property
  • Skylights
  • 2 Fireplaces
  • Panel Doors
  • Family Room
  • Living Room
  • Breakfast Room
  • Dining Room
  • Loft
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Range Hood

Flooring

  • Carpet
  • Linoleum
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Bathroom

Outdoor Features

  • Deck
  • Exterior Lighting
  • Front Porch

Schools

  • Waterloo Dist 5 Elementary And Middle School
  • Waterloo High School

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • Community Kitchen

Listing and Financial Details

  • Assessor Parcel Number 07-25-381-009-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,950

Year Built

Built in 1985

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1985
  • Directions: Rt 3 - Park St - Lakeview Dr - Left on Matthews Ln
  • Property Sub-Type: Single Family Residence
  • ResoCommunityFeatures: Street Lights
  • ResoLaundryFeatures: In Basement
  • ResoLotFeatures: Back Yard, Few Trees, Front Yard, Level, Private
  • Lot Size Acres: 1.05
  • Road Frontage Type: City Street
  • Road Surface Type: Chip And Seal
  • Co List Office Phone: 618-281-0200
  • MLS Status: Closed
  • Subdivision Name: Pheasant Hill Sub
  • Above Grade Finished Sq Ft: 2620
  • Architectural Style: Traditional
  • Carport Y N: No
  • Reso Fireplace Features: Bath, Family Room, Masonry, Master Bedroom, Wood Burning
  • Unit Levels: One and One Half
  • New Construction: No
  • Property Attached Yn: Yes
  • Reso Structure Type: House
  • Reso Window Features: Skylight(s)
  • MIS_RoomFlooring: Ceramic Tile
  • MIS_AboveGradeFinishedAreaSrchSqFt: 2620.00
  • MIS_RoomFlooring: Carpeting
  • MIS_RoomFlooring: Vinyl
  • MIS_RoomFlooring: Carpeting
  • MIS_RoomFlooring: Carpeting
  • MIS_SellerConsiderConcessionYN: 1
  • MIS_RoomFlooring: Carpeting
  • MIS_RoomFlooring: Carpeting
  • MIS_RoomFlooring: Vinyl
  • MIS_PoolYN: 0
  • MIS_BelowGradeFinishedAreaSrchSqFt: 494.00
  • MIS_RoomFlooring: Carpeting
  • MIS_RoomFlooring: Carpeting
  • MIS_AuctionYN: 0
  • MIS_RoomFlooring: Vinyl
  • MIS_RoomFlooring: Carpeting
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Concrete, Partially Finished, Full, Unfinished
  • Interior Amenities: Breakfast Room, Ceiling Fan(s), Chandelier, Custom Cabinetry, Eat-in Kitchen, Entrance Foyer, High Ceilings, Laminate Counters, Separate Dining, Separate Shower, Shower, Soaking Tub, Storage, Two Story Entrance Foyer, Vaulted Ceiling(s), Walk-In Closet(s)
  • Appliances: Range Hood, Electric Range
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 494
  • Door Features: Panel Door(s)
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Carpet, Linoleum
  • MIS_LowerLevelBathroomsFull: 0
  • MIS_LowerLevelBathroomsHalf: 0
  • MIS_LowerLevelBedrooms: 0
  • MIS_MainLevelBathroomsFull: 0
  • MIS_MainLevelBathroomsHalf: 1
  • MIS_UpperLevelBathroomsFull: 2
  • MIS_UpperLevelBathroomsHalf: 0
  • MIS_UpperLevelBedrooms: 3

Exterior Features

  • Fencing: None
  • Roof: Architectural Shingle
  • Pool Features: None
  • Waterfront: No
  • Disclosures: Flood Plain No, See Seller's Disclosure, Seller Property Disclosure
  • Home Warranty: No
  • Construction Type: Wood Siding
  • Exterior Features: Lighting, Private Yard
  • Patio And Porch Features: Deck, Front Porch, Porch

Garage/Parking

  • Garage Spaces: 2
  • Attached Garage: Yes
  • Parking Features: Additional Parking, Asphalt, Attached, Driveway, Garage, Garage Door Opener, Garage Faces Front, Inside Entrance, Off Street, Private
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Forced Air
  • Green Building Features: Basement, Bathrooms, Kitchen Facilities, Lighting
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: WATERLOO DIST 5
  • Junior High Dist: Waterloo DIST 5
  • High School: Waterloo
  • Middle Or Junior School: WATERLOO DIST 5

Lot Info

  • Development Status: Completed
  • Lot Dimensions: 125' x 200' x 125' x 200'
  • Parcel Number: 07-25-381-009-000

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 4950

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2025
Closed on
Jul 3, 2025
Sold by
Mathews Roselyn R and Henshaw Sarah
Bought by
Coats Jennifer
Seller's Agent
Mandy McGuire
Keller Williams Pinnacle
Buyer's Agent
Karen Whelan
Strano & Associates
List Price
$350,000
Sold Price
$361,000
Premium/Discount to List
$11,000
3.14%
Views
72

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-25.58%
Original Mortgage
$510,000
Outstanding Balance
$510,000
Interest Rate
8.5%
Mortgage Type
Construction
Estimated Equity
-$163,630

Purchase Details

Closed on
Jan 16, 2024
Sold by
Mathews Terry A and Mathews Roselyn R
Bought by
Mathews Roselyn R

Purchase Details

Closed on
Jan 10, 2024
Sold by
Mathews Roselyn R
Bought by
Mathews Roselyn R and Guilliams Jennifer
Source: Public Records

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Range of Values:

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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
Quit Claim Deed $361,000 None Listed On Document
Quit Claim Deed -- None Listed On Document
Deed -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $510,000 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2025 07/07/25 Sold $361,000 +3.1% $116 / Sq Ft
05/30/2025 05/30/25 For Sale $350,000 -- $112 / Sq Ft
Source: MARIS MLS

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
2023 $0 $89,660 $16,470 $73,190
2022 $5,100 $91,030 $16,640 $74,390
2021 $4,254 $76,320 $14,150 $62,170
2020 $4,045 $71,410 $14,150 $57,260
2019 $4,150 $72,170 $14,150 $58,020
2018 $4,258 $71,840 $12,990 $58,850
2017 $4,171 $73,876 $13,224 $60,652
2016 $0 $73,100 $12,750 $60,350
2015 $4,584 $75,090 $13,990 $61,100
2014 $4,264 $72,780 $13,990 $58,790
2012 -- $71,370 $11,670 $59,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MARIS MLS

MLS Number: MIS25035615

MARIS MLS

APN: 07-25-381-009-000