$380,000
SOLD JAN 29, 2025

518 Locust Ln Peotone, IL 60468

4 Beds
2.5 Baths
2,300 Sq Ft
0.32 Acres

Recently Sold

$165 Per Sq Ft

3% Below List Price

62 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Living Room
  • Peotone Junior High School Rated 9+
  • 2 Car Attached Garage
  • Laundry Room

About This Home

As of January 2025

Spacious 5-Bedroom Home on a Prime Corner Lot in The Meadows of Peotone! Welcome to this beautifully designed quad level home featuring 5 bedrooms and 2.5 baths, perfect for family living! The upper level boasts three spacious bedrooms, including a master suite with a private bathroom and walk in closet for added convenience. On the main floor, you'll find a bright living room and a spacious kitchen with sliding glass doors that lead to the backyard, making it ideal for entertaining. With the laundry area just off of the kitchen adding practicality to your daily routine. Head downstairs to discover a cozy family room, a half bath, and an additional bedroom-perfect for guests or an office space. Then head down to the partially finished basement, offering another versatile bedroom with a large closet. The home also includes an attached 2-car garage and a spacious shed, providing plenty of room for storage and hobbies. With its prime corner lot, you'll enjoy a generous outdoor space perfect for relaxation and recreation. Don't miss out on this incredible opportunity! New roof in 2018 New hot water tank in 2020

Last Agent to Sell the Property

Tricia Cummings

Exclusive Realtors License #475208195 Listed on: 10/22/2024

Last Buyer's Agent

Julie Bapst

Keller Williams ONEChicago License #475189403

Keller Williams ONEChicago

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,958

Year Built

  • Built in 2001

Lot Details

  • Lot Dimensions are 132x120
  • Corner Lot

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Split Level with Sub

Interior Spaces

  • 2,300 Sq Ft Home
  • Family Room
  • Living Room
  • Dining Room
  • Partially Finished Basement
  • English Basement
  • Laundry Room

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Potential Bedrooms

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,958

Year Built

Built in 2001

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: Split Level w/ Sub
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: Split Level w/ Sub
  • Year Built: 2001
  • Age: 21-25 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: English
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • LivingArea: 2300
  • Room Type: Bedroom 5, Other Room
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Partially Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 1
  • Total Sq Ft: 0
  • Flooring: Carpet

Exterior Features

  • Lot Features: Corner Lot
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding,Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Driveway: Concrete
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Lot Info

  • Lot Dimensions: 132X120
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 17

Tax Info

  • Tax Annual Amount: 4958
  • Tax Year: 2023
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2024
Closed on
Jan 29, 2025
Sold by
Hoch Raymond E
Bought by
Robertson Jason and Dejager Victoria
Seller's Agent
Tricia Cummings
Exclusive Realtors
Buyer's Agent
Julie Bapst
Keller Williams ONEChicago
List Price
$390,000
Sold Price
$380,000
Premium/Discount to List
-$10,000
-2.56%
Views
63
Current Estimated Value
$394,996

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,996
Avg. Annual Appreciation
5.37%
Original Mortgage
$367,317
Outstanding Balance
$364,464
Interest Rate
5.5%
Mortgage Type
FHA
Estimated Equity
$30,532

Purchase Details

Closed on
Nov 14, 2001
Sold by
Olbrot Custom Homes Inc
Bought by
Hoch Raymond E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
6.62%
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 Type Sale Price Title Company
Warranty Deed $380,000 Khs Title
Warranty Deed $191,500 Chicago Title Insurance Co
Corporate Deed $40,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $367,317 FHA
Previous Owner $170,000 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/29/2025 01/29/25 Sold $380,000 0.0% $165 / Sq Ft
12/23/2024 12/23/24 Pending -- -- --
11/14/2024 11/14/24 Price Changed $380,000 -2.6% $165 / Sq Ft
10/22/2024 10/22/24 For Sale $390,000 -- $170 / 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 $4,942 $88,706 $17,099 $71,607
2023 $4,942 $84,311 $18,161 $66,150
2022 $4,958 $76,058 $16,383 $59,675
2021 $4,459 $70,287 $15,140 $55,147
2020 $4,326 $66,749 $14,378 $52,371
2019 $4,519 $66,749 $14,378 $52,371
2018 $4,615 $64,049 $14,378 $49,671
2017 $4,441 $61,492 $13,127 $48,365
2016 $4,375 $60,287 $12,870 $47,417
2015 $4,520 $58,305 $12,447 $45,858
2014 $4,520 $58,305 $12,447 $45,858
2013 $4,520 $58,722 $12,536 $46,186
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12193364

Midwest Real Estate Data (MRED)

APN: 17-20-23-411-004