NOT LISTED FOR SALE

518 Summit St Galena, IL 61036

Estimated Value: $124,000 - $170,423

2 Beds
1.5 Baths
1,638 Sq Ft
$91/Sq Ft Est. Value

Last Sold October 25, 2024

Last sale price $125,000 $76 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $1,105/month

3 Days on Market

Highlights

  • Wooded Lot
  • Ranch Style House
  • Built-in Bookshelves
  • Galena Primary School Rated A-
  • Covered Patio or Porch
  • Brick or Stone Mason

About This Home

As of October 2024

2 homes on 1 parcel in Galena. Lot is .93 acres. Homes are sold as is. 2nd home has been used for storage & is gutted. Primary home will be cleared of personal property by mid October or sooner. Offering a large bedroom & half bath, 2nd bed & library/entry on main level. Lower level consists of a kitchen, dining room & living room w/ fireplace. A full bath & laundry room with a back covered porch. Nice wooded setting in town. Located just down from Galena's Nursing Home & near Highway 20. City of Galena states that this parcel is NOT in the Historic District. Property could potentially be subdivided to have each home on their own lot, otherwise, as one parcel the 2nd home could continue to be used as storage or could be converted to a "mother-n-law" suite, garage, etc. City advises that the back shed could be removed &/or replaced with a larger garage with access off Washington St. All changes would need to be permitted by the City. Seller has received letter from City that work needs to be done including painting of 2nd building

Last Agent to Sell the Property

Angela Stodden

KELLER WILLIAMS REALTY SIGNATURE License #471003889 Listed on: 09/16/2024

KELLER WILLIAMS REALTY SIGNATURE

Last Buyer's Agent

Garrett Hillary

KELLER WILLIAMS REALTY SIGNATURE License #475166902

KELLER WILLIAMS REALTY SIGNATURE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,400

Year Built

  • Built in 1900

Lot Details

  • 0.93 Acre Lot
  • Wooded Lot

Home Design

  • Ranch Style House
  • Brick or Stone Mason
  • Shingle Roof
  • Metal Roof
  • Wood Siding

Interior Spaces

  • Built-in Bookshelves
  • Wood Burning Fireplace

Kitchen

  • Electric Range
  • Stove

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Laundry in Basement

Parking

  • 1 Car Garage
  • Driveway

Outdoor Features

  • Covered Patio or Porch
  • Storage Shed

Schools

  • Galena Elementary And Middle School
  • Galena High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Water Heater

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,400

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Interior Amenities: Book Cases Built In
  • Road Frontage: City/Town, Hard Surface Road
  • Type: Wooded, City/Town
  • Electric: Fuses
  • Additional Room 5: mud room, Dimensions: 13'7x8, On Level: Lower
  • Additional Room 6: Office, Dimensions: 14'12x9'9, On Level: Main
  • Appliances That Stay or Are Included: Dryer, Refrigerator, Stove/Cooktop, Washer
  • Class: HOUSE
  • Estimated Above Grade Sq Ft: 672
  • Estimated Below Grade Finished Sq Ft: 966
  • General Features: Basement Entrance, L.L. Finished Space, Main Floor Primary, Laundry Basement, Porch Covered, Storage Shed
  • Legal Description: TOWNSEND'S ADD TO UPPER GALENA BLOCK 10 LOTS 1, 2, 10, 13 & PT. LOT 9
  • Lot Acreage: 0.93
  • Lvt Date: 09/16/2024
  • Number of Lower Level Full Bathrooms: 1
  • Number of Main Level Half Bathrooms: 1
  • Stove Range Fuel: Electric
  • Style: Ranch
  • Type: House
  • Agent Only_ L A1 User Code: F_536
  • Egress: Yes
  • Elementary School: Galena
  • Estimated Total Finished Sq Ft: 1638
  • Garage Type Driveway: Detached
  • Hold Earnest Money Y N: Yes
  • Pertinent Facts: 2 homes on 1 parcel in Galena. Lot is .93 acres. Homes are sold as is. 2nd home has been used for storage & is gutted. Primary home will be cleared of personal property by mid October or sooner. Offering a large bedroom & half bath, 2nd bed & library/entry on main level. Lower level consists of a kitchen, dining room & living room w/ fireplace. A full bath & laundry room with a back covered porch. Nice wooded setting in town. Located just down from Galena's Nursing Home & near Highway 20. City of Galena states that this parcel is NOT in the Historic District. Property could potentially be subdivided to have each home on their own lot, otherwise, as one parcel the 2nd home could continue to be used as storage or could be converted to a "mother-n-law" suite, garage, etc. City advises that the back shed could be removed &/or replaced with a larger garage with access off Washington St. All changes would need to be permitted by the City. Seller has received letter from City that work needs to be done including painting of 2nd building
  • Rental License: No
  • Designated Managing Broker Y N: No
  • Estimated Above Grade Sq Ft: 672
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 2
  • Basement Type: Full
  • Master Bedroom: Dimensions: 18'8x11'8, On Level: Main
  • Fireplace Type: Wood
  • Basement: Basement Entrance, Finished, Partial Exposure
  • Bedroom 2: Dimensions: 12x10'7, On Level: Main
  • Dining Room: Yes, On Level: Lower, Dimensions: 10'8x7'9
  • Family Room: No
  • Fireplace: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Kitchen: Dimensions: 12'8x12'5, On Level: Lower
  • Living Room: Yes, On Level: Lower, Dimensions: 16'9x11'3
  • Number Of Fireplaces: 1
  • Recreation Room: No
  • Total Bathrooms: 1.5
  • Basement: Yes

Exterior Features

  • Exterior: Brick/Stone, Wood
  • Roof: Metal, Shingle

Garage/Parking

  • Garage: 1

Utilities

  • Cooling: Window Unit
  • Heating: Baseboard, Hot Water/Steam
  • Sewer: City/Community
  • Water: City/Community
  • Water Heater: Natural Gas

Building Info

  • Year Built: 1900

Tax Info

  • Year: 2023
  • Taxes: 3400

MLS Schools

  • HighSchool: Galena
  • School District: Galena
  • Middle School: Galena

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2024
Closed on
Oct 10, 2024
Sold by
Zais Paulette
Bought by
Temperly Brian S
Seller's Agent
Angela Stodden
KELLER WILLIAMS REALTY SIGNATURE
Buyer's Agent
Garrett Hillary
KELLER WILLIAMS REALTY SIGNATURE
List Price
$125,000
Sold Price
$125,000
Views
15
Current Estimated Value
$149,606

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,606
Avg. Annual Appreciation
16.15%
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
Temperly Brian S $125,000 Wilkinson Title Co
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/25/2024 10/25/24 Sold $125,000 0.0% $76 / Sq Ft
09/19/2024 09/19/24 Pending -- -- --
09/16/2024 09/16/24 For Sale $125,000 -- $76 / Sq Ft
Source: NorthWest Illinois Alliance of REALTORS®

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 $3,882 $50,342 $12,465 $37,877
2023 $3,400 $43,176 $12,452 $30,724
2022 $3,400 $36,432 $10,507 $25,925
2021 $741 $33,562 $9,679 $23,883
2020 $763 $31,159 $8,986 $22,173
2019 $758 $31,128 $8,986 $22,142
2018 $740 $32,028 $9,246 $22,782
2017 $727 $31,228 $9,015 $22,213
2016 $711 $31,228 $9,015 $22,213
2015 $715 $31,080 $9,014 $22,066
2014 $682 $31,080 $9,014 $22,066
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202405230

NorthWest Illinois Alliance of REALTORS®

APN: 22-101-436-00