$215,000
SOLD MAR 21, 2025

532 E 2nd St Gilman, IL 60938

2 Beds
2 Baths
1,400 Sq Ft
0.25 Acres

Recently Sold

$154 Per Sq Ft

24% Below List Price

129 Days on Market

Highlights

  • 2 Fireplaces
  • 2 Car Attached Garage
  • Laundry Room
  • Bonus Room
  • Living Room
  • 1-Story Property

About This Home

As of March 2025

Updated ranch home near schools with a full finished basement and 2 car attached heated garage. Recent updates include vinyl plank flooring throughout the house, kitchen cabinets, bathrooms, some windows, and garage door.

Last Agent to Sell the Property

Jeff McMillan

Ray Froelich Real Estate LLC License #475137594 Listed on: 10/18/2024

Last Buyer's Agent

Carson Turner

Village Realty, Inc License #475206652

Village Realty, Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,698

Year Built

  • Built in 1972

Lot Details

  • Lot Dimensions are 100 x 100
  • Property is zoned SINGL

Parking

  • 2 Car Attached Garage
  • Heated Garage
  • Garage Transmitter
  • Garage Door Opener
  • Driveway

Home Design

  • Brick Exterior Construction
  • Asphalt Roof

Interior Spaces

  • 1,400 Sq Ft Home
  • 1-Story Property
  • 2 Fireplaces
  • Family Room Downstairs
  • Living Room
  • Dining Room
  • Bonus Room
  • Vinyl Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 2 Full Bathrooms

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Finished Basement Bathroom

Schools

  • Iroquois West Elementary School
  • Iroquois West Junior High School
  • Iroquois West High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Gas Water Heater

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,698

Year Built

Built in 1972

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: 1972
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Full
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplaces: 2
  • LivingArea: 1400
  • Other Equipment: Sump Pump, Backup Sump Pump;, Water Heater-Gas
  • Room Type: Bonus Room, Family Room
  • Estimated Total Finished Sq Ft: 1160
  • Basement Description: Partially Finished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 1400
  • Flooring: Vinyl
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Electric: Circuit Breakers
  • 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

Schools

  • Elementary School: Iroquois West Elementary School
  • High School: Iroquois West High School
  • Middle/Junior School: Iroquois West Junior High School

Lot Info

  • Lot Dimensions: 100 X 100
  • Zoning: SINGL
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 21

Tax Info

  • Tax Annual Amount: 4698
  • Tax Year: 2023
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2024
Closed on
Mar 21, 2025
Sold by
Miller Tamie
Bought by
Duby Madyson and Sanchez Kristian
Seller's Agent
Jeff McMillan
Ray Froelich Real Estate LLC
Buyer's Agent
Carson Turner
Village Realty, Inc
List Price
$282,000
Sold Price
$215,000
Premium/Discount to List
-$67,000
-23.76%
Views
41
Current Estimated Value
$228,744

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,744
Avg. Annual Appreciation
8.38%
Original Mortgage
$208,550
Outstanding Balance
$207,507
Interest Rate
6.99%
Mortgage Type
New Conventional
Estimated Equity
$21,237

Purchase Details

Closed on
Dec 4, 2017
Sold by
Henrichs Ronald W and Henrichs Sharon K
Bought by
Miller Tamie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,200
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 24, 2017
Sold by
First Trust And Savings Bank Of Watseka
Bought by
Henrichs Ronald W and Henrichs Sharon K

Purchase Details

Closed on
Dec 4, 2016
Sold by
Bayston Dwayne
Bought by
Henrichs Ronald W and Henrichs Sharon K

Purchase Details

Closed on
Sep 17, 2013
Sold by
Bayston Dwayne
Bought by
First Trust And Savings Bank Of Watseka and Dwayne Bayston Living Trust
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 Type Sale Price Title Company
Warranty Deed $215,000 None Listed On Document
Warranty Deed $148,000 Attorney
Deed $149,000 None Available
Warranty Deed -- Attorney
Trustee Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $208,550 New Conventional
Previous Owner $133,200 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/21/2025 03/21/25 Sold $215,000 -14.7% $154 / Sq Ft
02/24/2025 02/24/25 Pending -- -- --
01/09/2025 01/09/25 Price Changed $252,000 +0.8% $180 / Sq Ft
01/09/2025 01/09/25 Price Changed $250,000 -8.1% $179 / Sq Ft
12/19/2024 12/19/24 Price Changed $272,000 -1.8% $194 / Sq Ft
11/17/2024 11/17/24 Price Changed $277,000 -1.8% $198 / Sq Ft
10/18/2024 10/18/24 For Sale $282,000 -- $201 / 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 $5,066 $70,920 $5,950 $64,970
2023 $5,066 $67,070 $5,630 $61,440
2022 $4,698 $66,400 $5,570 $60,830
2021 $4,309 $56,760 $4,760 $52,000
2020 $4,313 $52,870 $4,430 $48,440
2019 $4,212 $51,130 $4,280 $46,850
2018 $4,097 $49,800 $4,170 $45,630
2017 $3,645 $48,920 $4,100 $44,820
2016 $3,651 $48,920 $4,100 $44,820
2015 $3,463 $48,310 $4,050 $44,260
2014 $3,463 $47,440 $3,980 $43,460
2013 $3,912 $49,530 $4,160 $45,370
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12192303

Midwest Real Estate Data (MRED)

APN: 17-31-453-008