NOT LISTED FOR SALE

524 W Locust St Lanark, IL 61046

Estimated Value: $86,000 - $119,000

4 Beds
2 Baths
1,472 Sq Ft
$70/Sq Ft Est. Value

Last Sold November 09, 2015

Last sale price $45,000 $31 Per Sq Ft

Est. 130% increase in value since last sale

Current estimated payment $654/month

77 Days on Market

Highlights

  • Ranch Style House
  • Forced Air Heating and Cooling System
  • Wood Siding
  • Eastland Elementary School Rated A-

About This Home

As of November 2015

Nicely located ranch on a 91' x 120' lot. Home roof is 4 years old with total replacement. 15' x 27' (405 square foot) storeroom off of kitchen and a 16' x 24' (364 square foot) garage. Hardwood floors under carpet. Three bedrooms on main level with fourth bedroom down. Bar area in lower level. Home has knotty pine paneling as well as drywall. The home is being sold "as is". There are not warranties on kitchen appliances. Condition of central air conditioning not known so no warranty. The home has been vacant for several years. This home is price d to sell and its interior condition and floor plan is very functional. Exterior has balance of pine log siding and wood.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,631

Year Built

  • Built in 1961

Lot Details

  • 0.25 Acre Lot

Home Design

  • Ranch Style House
  • Shingle Roof
  • Wood Siding
  • Log Siding

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Finished Basement

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

Parking

  • 1 Car Garage
  • Driveway

Schools

  • Eastland Elementary And Middle School
  • Eastland High School

Utilities

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,631

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Road Frontage: City/Town, Hard Surface Road
  • Electric: Fuses
  • Additional Room 6: ML Storero
  • Class: HOUSE
  • Estimated Above Grade Sq Ft: 1316
  • Estate: Yes
  • Estimated Below Grade Finished Sq Ft: 156
  • Front: 91
  • General Features: Laundry Basement
  • Lot Acreage: 0.25
  • Rear: 91
  • Side 1: 120
  • Side 2: 120
  • Style: Ranch
  • Type: House
  • Agent Only_ L A1 User Code: F_209
  • Egress: Yes
  • Elementary School: Eastland
  • Estimated Total Finished Sq Ft: 1472
  • Garage Type Driveway: Attached, Other
  • Pertinent Facts: Nicely located ranch on a 91' x 120' lot. Home roof is 4 years old with total replacement. 15' x 27' (405 square foot) storeroom off of kitchen and a 16' x 24' (364 square foot) garage. Hardwood floors under carpet. Three bedrooms on main level with fourth bedroom down. Bar area in lower level. Home has knotty pine paneling as well as drywall. The home is being sold "as is". There are not warranties on kitchen appliances. Condition of central air conditioning not known so no warranty. The home has been vacant for several years. This home is price d to sell and its interior condition and floor plan is very functional. Exterior has balance of pine log siding and wood.
  • Rental License: No
  • Designated Managing Broker Y N: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 4
  • Basement Type: Full
  • Master Bedroom: On Level: Main
  • Basement: Finished
  • Bedroom 2: On Level: Main
  • Bedroom 3: On Level: Main
  • Bedroom 4: On Level: Lower
  • Family Room: On Level: Main
  • Full Bathrooms: 2
  • Kitchen: On Level: Main
  • Living Room: On Level: Main
  • Total Bathrooms: 2
  • Basement: Yes

Exterior Features

  • Exterior: Log, Wood
  • Roof: Shingle

Garage/Parking

  • Garage: 1

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Sewer: City/Community
  • Water: City/Community
  • Water Heater: Natural Gas

Schools

  • Elementary School #2: Eastland

Building Info

  • Year Built: 1961

Tax Info

  • Year: 2014
  • Taxes: 1631

MLS Schools

  • HighSchool: Eastland
  • School District: Eastland
  • Middle School: Eastland

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2015
Closed on
Nov 9, 2015
Sold by
Engles Eva R
Bought by
Colehour James W and Colehour Alexis E
List Price
$59,900
Sold Price
$45,000
Premium/Discount to List
-$14,900
-24.87%
Current Estimated Value
$103,635

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,635
Avg. Annual Appreciation
8.51%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Colehour James W $45,000 Security First Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/09/2015 11/09/15 Sold $45,000 -24.9% $31 / Sq Ft
10/05/2015 10/05/15 Pending -- -- --
07/20/2015 07/20/15 For Sale $59,900 -- $41 / 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 $1,417 $19,570 $4,260 $15,310
2023 $1,417 $17,474 $3,804 $13,670
2022 $1,270 $15,601 $3,396 $12,205
2021 $1,319 $15,601 $3,396 $12,205
2020 $1,275 $15,022 $3,396 $11,626
2019 $1,321 $15,022 $3,396 $11,626
2018 $1,324 $15,022 $3,396 $11,626
2017 $1,519 $15,022 $3,396 $11,626
2016 $1,726 $15,022 $3,396 $11,626
2015 $1,712 $19,934 $3,396 $16,538
2014 $2,345 $19,934 $3,396 $16,538
2013 $2,345 $19,934 $3,396 $16,538
Source: Public Records

Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 116694

NorthWest Illinois Alliance of REALTORS®

APN: 06-10-05-302-007

Illinois Carroll County Lanark 61046

524 W Locust St, Lanark, IL

Not Listed for Sale

Detached

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