NOT LISTED FOR SALE

550 Clark St South Beloit, IL 61080

Estimated Value: $85,000 - $111,000

2 Beds
2 Baths
943 Sq Ft
$101/Sq Ft Est. Value

Last Sold January 31, 2023

Last sale price $75,000 $80 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $624/month

101 Days on Market

Highlights

  • Ranch Style House
  • Forced Air Heating System
  • Ceiling Fan

About This Home

As of January 2023

Great home for a family or investment opportunity in South Beloit. 2 bedroom, 2 bath Ranch. Basement can be walled off for a 3rd bedroom. Good size yard with large mature trees to give some seclusion on a corner lot. Newer electric, newer furnace, newer roof, windows, walls, and doors. New kitchen cabinets. New water heater. No FHA or VA. Inspections welcome.

Last Agent to Sell the Property

Nick Hailey

Black Castle Properties License #471019785 Listed on: 10/12/2022

Co-Listed By

Thomas Holder

Black Castle Properties License #475192978

Last Buyer's Agent

Donna Shipler

Century 21 Affiliated License #475132848

Century 21 Affiliated

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $535

Year Built

  • Built in 1913

Lot Details

  • 6,534 Sq Ft Lot

Home Design

  • Ranch Style House
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • Ceiling Fan
  • Partial Basement

Kitchen

  • Stove
  • Gas Range
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms

Schools

  • Clark Elementary School
  • South Beloit Jr High Middle School
  • South Beloit Sr High School

Utilities

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$535

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Interior Amenities: Ceiling Fans/Remotes
  • Road Frontage: City/Town
  • Type: City/Town
  • Electric: Circuit Breaker
  • Appliances That Stay or Are Included: Microwave, Refrigerator, Stove/Cooktop
  • Class: HOUSE
  • Estimated Below Grade Finished Sq Ft: 121
  • Exemptions: Owner
  • Front: 50.3
  • General Features: Main Floor Master
  • Grid: 32
  • Legal Description: WASHINGTON ADD TO SO BELOIT PT IN ROCKTON LOT 001 BLOCK 003
  • Lot Acreage: 0.15
  • Lvt Date: 10/13/2022
  • Number of Lower Level Full Bathrooms: 1
  • Number of Main Level Full Bathrooms: 1
  • Rear: 50.3
  • Side 1: 132
  • Side 2: 132
  • Stove Range Fuel: Gas
  • Style: Ranch
  • Type: House
  • Agent Only_ L A1 User Code: 10265
  • Egress: No
  • Elementary School: Clark Elementary
  • Estimated Total Finished Sq Ft: 943
  • Garage Type Driveway: None
  • Hold Earnest Money Y N: No
  • Pertinent Facts: Great home for a family or investment opportunity in South Beloit. 2 bedroom, 2 bath Ranch. Basement can be walled off for a 3rd bedroom. Good size yard with large mature trees to give some seclusion on a corner lot. Newer electric, newer furnace, newer roof, windows, walls, and doors. New kitchen cabinets. New water heater. No FHA or VA. Inspections welcome.
  • Designated Managing Broker Y N: Yes
  • Estimated Above Grade Sq Ft: 822
  • L O1 Brokerage Number: 478027285
  • L O2 Brokerage Number: 478027285
  • S O1 Brokerage Number: 477013069
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 2
  • Basement Type: Partial
  • Master Bedroom: Dimensions: 13.6x13, On Level: Main
  • Bedroom 2: Dimensions: 11.2x10.8, On Level: Main
  • Dining Room: Yes, On Level: Main, Dimensions: 12.5x12
  • Full Bathrooms: 2
  • Kitchen: Dimensions: 10.8x10, On Level: Main
  • Living Room: Yes, On Level: Main, Dimensions: 14x11
  • Price Per Sq Ft: 79.53
  • Recreation Room: On Level: Lower, Dimensions: 11x11
  • Total Bathrooms: 2
  • Basement: Yes

Exterior Features

  • Exterior: Vinyl
  • Roof: Shingle

Utilities

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

Schools

  • School District: South Beloit 320-Cnty of Winnebago
  • Elementary School: Clark Elementary
  • Middle School: South Beloit Jr High
  • High School: South Beloit Sr High

Building Info

  • Year Built: 1913

Tax Info

  • Year: 2021
  • Taxes: 535

MLS Schools

  • HighSchool: South Beloit Sr High
  • School District: South Beloit 320-Cnty of Winnebago
  • Middle School: South Beloit Jr High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2022
Closed on
Jan 27, 2023
Sold by
Dwyer Stephen M
Bought by
Jennings Jill L
Seller's Agent
Nick Hailey
Black Castle Properties
Buyer's Agent
Donna Shipler
Century 21 Affiliated
List Price
$84,000
Sold Price
$75,000
Premium/Discount to List
-$9,000
-10.71%
Views
498
Current Estimated Value
$95,698

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,698
Avg. Annual Appreciation
9.87%

Purchase Details

Closed on
Oct 28, 2022
Sold by
Judicial Sales Corporation
Bought by
Pittman Allen

Purchase Details

Listed on
Jan 4, 2018
Closed on
Jun 25, 2018
Sold by
Dwan Schuldt
Bought by
Allen Pittman
Seller's Agent
Pat Bellinghiere
Gambino Realtors
Buyer's Agent
Lindsay Castronovo
Real Broker, LLC
List Price
$69,900
Sold Price
$57,000
Premium/Discount to List
-$12,900
-18.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.46%
Original Mortgage
$50,366
Interest Rate
5.25%
Mortgage Type
FHA
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
Jennings Jill L $75,000 Lakeshore Title
Pittman Allen $31,500 --
Allen Pittman $57,000 Alliance Title Co
Pittman Allen $57,000 Alliance Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pittman Allen $50,366
Previous Owner Pittman Allen $7,500
Closed Pittman Allen $50,366
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2023 01/31/23 Sold $75,000 -10.7% $80 / Sq Ft
01/21/2023 01/21/23 Pending -- -- --
01/03/2023 01/03/23 For Sale $84,000 0.0% $89 / Sq Ft
01/03/2023 01/03/23 Price Changed $84,000 +12.0% $89 / Sq Ft
01/01/2023 01/01/23 Off Market $75,000 -- --
11/20/2022 11/20/22 For Sale $84,900 +13.2% $90 / Sq Ft
11/20/2022 11/20/22 Off Market $75,000 -- --
11/06/2022 11/06/22 Pending -- -- --
10/12/2022 10/12/22 For Sale $84,900 +48.9% $90 / Sq Ft
06/25/2018 06/25/18 Sold $57,000 -18.5% $57 / Sq Ft
04/27/2018 04/27/18 Pending -- -- --
01/04/2018 01/04/18 For Sale $69,900 +599.0% $70 / Sq Ft
03/14/2016 03/14/16 Sold $10,000 -49.9% $12 / Sq Ft
01/22/2016 01/22/16 Pending -- -- --
12/23/2015 12/23/15 For Sale $19,950 -- $24 / 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 $1,284 $16,987 $2,406 $14,581
2023 $665 $14,024 $1,986 $12,038
2022 $589 $12,812 $1,814 $10,998
2021 $535 $11,990 $1,698 $10,292
2020 $507 $11,609 $1,644 $9,965
2019 $487 $11,183 $1,584 $9,599
2018 $773 $10,659 $1,510 $9,149
2017 $476 $10,216 $1,447 $8,769
2016 $1,029 $9,881 $1,400 $8,481
2015 $494 $9,655 $1,368 $8,287
2014 $496 $10,279 $1,368 $8,911
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202206758

NorthWest Illinois Alliance of REALTORS®

APN: 04-05-330-005