NOT LISTED FOR SALE

518 S Chestnut St Princeton, IL 61356

Estimated Value: $102,000 - $126,000

2 Beds
2 Baths
1,346 Sq Ft
$83/Sq Ft Est. Value

Last Sold August 30, 2021

Last sale price $65,900 $49 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $785/month

56 Days on Market

Highlights

  • 2 Car Attached Garage
  • Forced Air Heating and Cooling System
  • Senior Freeze Tax Exemptions
  • 1-Story Property
  • Combination Kitchen and Dining Room
  • Gas Log Fireplace

About This Home

As of August 2021

Much more space than it seems in this 2 bedroom 2 bath home with a large living room and large family room both. Family room was added in 1993 and features a gas fireplace for cuddling up on those chilly nights and the patio will be perfect for a fire pit on the warmer ones. 2 car insulated garage with built in Shop vac and white cabinetry that stays for your storage. Lifetime metal roof installed on house in 2014. Hardwood under carpet in master bedroom. Sold as is- conventional or cash.

Last Agent to Sell the Property

Janelle McCarter

Landmark Realty of Illinois LLC License #471004781 Listed on: 05/20/2021

Last Buyer's Agent

Janelle McCarter

Landmark Realty of Illinois LLC License #471004781 Listed on: 05/20/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,680

Year Built

  • Built in 1950

Lot Details

  • 8,799 Sq Ft Lot
  • Lot Dimensions are 80 x 110

Parking

  • 2 Car Attached Garage
  • Parking Space is Owned

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,346 Sq Ft Home
  • 1-Story Property
  • Gas Log Fireplace
  • Family Room with Fireplace
  • Combination Kitchen and Dining Room
  • Crawl Space
  • Unfinished Attic

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 2 Full Bathrooms

Schools

  • Princeton High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Homeowner Tax Exemptions
  • Senior Freeze Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,680

Year Built

Built in 1950

Lot Details

0

Parking

2

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: 1950
  • 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
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Gas Log
  • Fireplaces: 1
  • LivingArea: 1346
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 0
  • Assessed Sq Ft: 0
  • Basement Description: Crawl
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Kitchen/Dining Combo
  • Total Sq Ft: 0
  • Fireplace Location: Family Room
  • Total Sq Ft: 0
  • Attic: Unfinished
  • ResoLivingAreaSource: Assessor

Exterior Features

  • List Price: 79900
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • 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

  • High School: Princeton High School
  • Middle/Junior School District: 115

Lot Info

  • Lot Size Acres: 0.202
  • Lot Dimensions: 80 X 110
  • Rural (Y/N): N
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 18

Tax Info

  • Tax Annual Amount: 1679.86
  • Tax Year: 2019
  • Tax Exemptions: Homeowner,Senior Freeze,Other

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2021
Closed on
Aug 30, 2021
Sold by
Colby Susan E
Bought by
Morgan Rentals Llc
Seller's Agent
Janelle McCarter
Landmark Realty of Illinois LLC
Buyer's Agent
Janelle McCarter
Landmark Realty of Illinois LLC
List Price
$79,900
Sold Price
$65,900
Premium/Discount to List
-$14,000
-17.52%
Current Estimated Value
$111,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,433
Avg. Annual Appreciation
11.78%
Original Mortgage
$552,720
Outstanding Balance
$515,966
Interest Rate
4%
Mortgage Type
Commercial
Estimated Equity
-$412,633

Purchase Details

Closed on
Nov 16, 2011
Sold by
Colby Robert A and Colby Susan E
Bought by
Colby Robert A and Colby Susan E
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
Morgan Rentals Llc $66,000 None Available
Colby Robert A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morgan Rentals Llc $552,720
Previous Owner Colby Robert A $51,000
Previous Owner Colby Robert A $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2021 08/30/21 Sold $65,900 -17.5% $49 / Sq Ft
07/14/2021 07/14/21 Pending -- -- --
05/19/2021 05/19/21 For Sale $79,900 -- $59 / 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 $2,196 $27,898 $7,174 $20,724
2023 $2,196 $25,693 $6,607 $19,086
2022 $2,075 $24,088 $6,194 $17,894
2021 $1,051 $22,802 $5,863 $16,939
2020 $1,654 $31,602 $5,648 $25,954
2019 $1,680 $31,224 $5,580 $25,644
2018 $1,678 $30,690 $5,485 $25,205
2017 $1,700 $30,801 $5,505 $25,296
2016 $1,704 $29,997 $5,361 $24,636
2015 -- $24,206 $0 $24,206
2014 -- $29,473 $5,267 $24,206
2013 -- $29,633 $5,296 $24,337
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11094278

Midwest Real Estate Data (MRED)

APN: 16-16-332-013