NOT LISTED FOR SALE

542 Territory Dr Galena, IL 61036

Estimated Value: $46,000 - $111,000

1.72 Acres
$42,550 Price per Acre
74,923 Sq Ft Lot

Last Sold January 10, 2022

Last sale price $50,000

Est. 46% increase in value since last sale

Current estimated payment $500/month

About This Lot

As of January 2022

Rare opportunity to acquire a beautiful 1.72 acre gentle downslope homesite, ideal for a walkout level in the heart of The Galena Territory. This homesite is centrally-located within easy access to the paved asphalt trail that connects to the Owners Club (with its indoor & outdoor pools, fitness center, sports courts and much more), the East Golf Course, Eagle Ridge Resort & Spa (with guest accommodations and restaurant) & the new Spa (currently under construction). At its higher elevations you will enjoy long panoramic views of The Galena Territory & beyond while overlooking the beautiful 13th and 14th holes of the North golf course. Building at a lower elevation would provide an up-close and unparalleled view of the majestic and natural beauty of the North course. This Parcel is also adjacent to a half acre greenspace to the West and a 4+ acre greenspace to the North enhancing your privacy and providing unobstructed views of panoramic sunsets. The seller will provide a recently completed topographical study at closing.

Last Agent to Sell the Property

Peter Brennan

COLDWELL BANKER NETWORK REALTY License #471008765 Listed on: 11/02/2021

COLDWELL BANKER NETWORK REALTY

Last Buyer's Agent

Peter Brennan

COLDWELL BANKER NETWORK REALTY License #471008765 Listed on: 11/02/2021

COLDWELL BANKER NETWORK REALTY

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $155

Lot Details

  • 1.72 Acre Lot
  • Sloped Lot

HOA Fees

  • $103 Monthly HOA Fees

Schools

  • River Ridge Elementary And Middle School
  • River Ridge High School

Additional Features

  • Golf Course Views
  • Septic System

Property Details

Property Type

Land

Est. Annual Taxes

$155

Lot Details

0

HOA Fees

$103 per month

Listing Details

  • Class: LAND
  • Front: 125.67
  • General Features: County Taxes
  • Grid: Galena Territory
  • Hoa Fee Frequency: Yearly
  • Legal Description: To Follow on Deed
  • Lot Acreage: 1.72
  • Rear: 198.51
  • Type: Land
  • Buildable Lot: Yes
  • Side L: 465.86
  • Side R: 467.23
  • Agent Only_ L A1 User Code: F_108
  • Elementary School: River Ridge
  • Hold Earnest Money Y N: Yes
  • Pertinent Facts: Rare opportunity to acquire a beautiful 1.72 acre gentle downslope homesite, ideal for a walkout level in the heart of The Galena Territory. This homesite is centrally-located within easy access to the paved asphalt trail that connects to the Owners Club (with its indoor & outdoor pools, fitness center, sports courts and much more), the East Golf Course, Eagle Ridge Resort & Spa (with guest accommodations and restaurant) & the new Spa (currently under construction). At its higher elevations you will enjoy long panoramic views of The Galena Territory & beyond while overlooking the beautiful 13th and 14th holes of the North golf course. Building at a lower elevation would provide an up-close and unparalleled view of the majestic and natural beauty of the North course. This Parcel is also adjacent to a half acre greenspace to the West and a 4+ acre greenspace to the North enhancing your privacy and providing unobstructed views of panoramic sunsets. The seller will provide a recently completed topographical study at closing.
  • Designated Managing Broker Y N: No
  • L O1 Brokerage Number: 478010163
  • S O1 Brokerage Number: 478010163
  • Special Features: None
  • Property Sub Type: LotsLands

Utilities

  • Sewer: Septic
  • Water: City/Community

Condo/Co-op/Association

  • HOA Fees: 1230

Schools

  • School District: River Ridge
  • Elementary School: River Ridge
  • Middle School: River Ridge
  • High School: River Ridge

Lot Info

  • Topography: Slope to Rear
  • Land Features: Golf Course View

Tax Info

  • Year: 2020
  • Taxes: 155

MLS Schools

  • HighSchool: River Ridge
  • School District: River Ridge
  • Middle School: River Ridge

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2020
Closed on
Aug 31, 2020
Sold by
Hislop Reginald R and Hislop Diane R
Bought by
Acosta
Seller's Agent
Damon Heim
COLDWELL BANKER NETWORK REALTY
Buyer's Agent
Peter Brennan
COLDWELL BANKER NETWORK REALTY
List Price
$29,900
Sold Price
$25,000
Premium/Discount to List
-$4,900
-16.39%
Current Estimated Value
$73,186

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,186
Avg. Annual Appreciation
23.29%

Purchase Details

Listed on
Mar 15, 2014
Closed on
Dec 19, 2014
Sold by
Daleo James A and Daleo Jean M
Bought by
Hislop Reginald M and Hislop Diane R
List Price
$70,000
Sold Price
$52,000
Premium/Discount to List
-$18,000
-25.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-12.10%
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
Acosta $25,000 Security First Title
Hislop Reginald M $52,000 Fidelity National Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/10/2022 01/10/22 Sold $50,000 -23.0% --
12/04/2021 12/04/21 Pending -- -- --
11/02/2021 11/02/21 For Sale $64,900 +159.6% --
08/31/2020 08/31/20 Sold $25,000 -16.4% -- View Prior Sale
07/18/2020 07/18/20 Pending -- -- --
07/11/2020 07/11/20 For Sale $29,900 -42.5% --
12/29/2014 12/29/14 Sold $52,000 -25.7% -- View Prior Sale
11/10/2014 11/10/14 Pending -- -- --
03/15/2014 03/15/14 For Sale $70,000 -- --
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 $105 $2,065 $2,065 $0
2023 $101 $1,805 $1,805 $0
2022 $101 $1,347 $1,347 $0
2021 $83 $1,249 $1,249 $0
2020 $154 $2,260 $2,260 $0
2019 $151 $2,222 $2,222 $0
2018 $149 $2,249 $2,249 $0
2017 $146 $2,249 $2,249 $0
2016 $1,045 $16,403 $16,403 $0
2015 $1,040 $16,403 $16,403 $0
2014 $1,025 $17,492 $17,492 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202107237

NorthWest Illinois Alliance of REALTORS®

APN: 08-407-005-00