NOT LISTED FOR SALE

5508 N Prospect Rd Peoria Heights, IL 61616

Estimated Value: $687,000 - $1,329,000

4 Beds
4 Baths
4,678 Sq Ft
$244/Sq Ft Est. Value

Last Sold December 02, 2016

Last sale price $760,000 $162 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $8,530/month

137 Days on Market

Highlights

  • Deck
  • Cathedral Ceiling
  • Solid Surface Countertops
  • Richwoods High School Rated A-
  • Hydromassage or Jetted Bathtub
  • Screened Porch

About This Home

As of December 2016

"The Bridge Home" was created by Larry Herman in 2002 to showcase the unique terrain & breathtaking views of the IL River. Every living area mirrors the soaring view the setting offers. A main floor master retreat, vaulted great room that leads to the chef's kitchen is just the start. The finest finishes including intricate millwork and extravagant flooring complete the beauty of living. Located perfectly between Junction City & downtown Peoria Heights/Grandview Drive, the location is unbeatable. Expertly maintained grounds & multiple viewing decks top of this once in a lifetime opportunity. .

Last Agent to Sell the Property

Mark Ferrill

RE/MAX Traders Unlimited License #475126836 Listed on: 05/12/2016

RE/MAX Traders Unlimited

Last Buyer's Agent

Brenda Bonello

Keller Williams Premier Realty License #475132936

Keller Williams Premier Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $26,004

Year Built

  • Built in 2002

Lot Details

  • 0.78

Interior Spaces

  • 1.5-Story Property
  • Wet Bar
  • Wired For Sound
  • Cathedral Ceiling
  • Screened Porch

Kitchen

  • Oven or Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Full Bathrooms
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Garage Door Opener

Outdoor Features

  • Deck
  • Patio

Additional Features

  • Irrigation
  • Water Softener is Owned

Home Details

Home Type

Single Family

Est. Annual Taxes

$26,004

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 1.5 Story
  • Exemptions: HRE
  • Legal Description: METES & BOUNDS
  • Lvt Date: 05/12/2016
  • Year Built: 2002
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Dryer, Dishwasher, Disposal, Hood/Fan, Microwave Oven, Refrigerator, Range/Oven, Washer, Water Softener - Owned
  • Fireplace: Gas Logs, Family Room, Great Room
  • Interior Amenities: Ceilings/Cath/Vault/Tray, Garage Door Opener(s), Jetted Tub, Wet Bar, Solid Surface Counter Top, Surround Sound Wiring
  • Number Fireplaces: 3
  • Total Bathrooms: 6
  • Total Full Baths: 4
  • Number of Full Bathrooms in the Basement: 1
  • Number of Main Level Full Bathrooms: 1
  • Total Half Baths: 2
  • Number of Main Level Half Bathrooms: 2
  • Bedrooms: 4
  • Master Bedroom: Dimensions: 18x17, On Level: Main, Flooring: Carpet
  • Basement Foundation: Daylight, Finished, Walk-Out
  • Bedroom 2: Dimensions: 17x17, On Level: Upper, Flooring: Carpet
  • Bedroom 3: Dimensions: 17x15, On Level: Upper, Flooring: Carpet
  • Bedroom 4: Dimensions: 14x13, On Level: Basement, Flooring: Carpet
  • Formal Dining Room: Dimensions: 27x17, On Level: Main, Flooring: Carpet
  • Great Room: Dimensions: 19x19, On Level: Main, Flooring: Hardwood
  • Kitchen: Dimensions: 19x17, On Level: Main, Flooring: Hardwood
  • Kitchen Dining: Breakfast Bar, Dining Formal, Eat-In Kitchen, Island, Pantry
  • Laundry: Dimensions: 21x9, On Level: Main, Flooring: Hardwood
  • Living Room: Dimensions: 29x18, On Level: Basement, Flooring: Carpet
  • Basement Finished Sq Ft: 1200
  • Total Basement Sq Ft: 1350
  • Additional Room 1: Dimensions: 14x6, On Level: Main, Flooring: Tile
  • Additional Room 2: Dimensions: 14x11, On Level: Basement, Flooring: Carpet
  • Price Per Sq Ft: 218.52
  • Finished Sq Ft: 4678
  • Total Sq Ft: 3478
  • Finished Main Level Sq Ft: 2244
  • Upper Level Finished Sq Ft: 1234

Exterior Features

  • Exterior: Brick Partial, Stucco, Stone
  • Exterior Amenities: Deck, Patio, Porch/Screened, Irrigation System
  • Road Access: Paved
  • Roofing: Shingles

Garage/Parking

  • Garage Parking: Attached, Guest Parking
  • Garage Yn: Yes
  • Number Cars: 2

Utilities

  • Heating Cooling: Gas, 2+ Heating Systems, Forced Air, Water Heater - Gas, 2+ Cooling Systems, Central Air, Other Mechanics
  • Utilities On: Yes
  • Water Sewer: Public Water, Public Sewer, Ejector Pump

Lot Info

  • Estimated Lot Size: SEE PLAT
  • Estimated Number of Acres: 0.78
  • Lot Description: Lake View, Level
  • Subdivision: Unavailable
  • Geo Subdivision: IL

Tax Info

  • Annual Taxes: 26003.7
  • Parcel Id Number Tax Id: 14.15.300.012
  • Tax Year: 2015

MLS Schools

  • High School School District: Peoria Heights

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 18, 2021
Sold by
Tsoraides Steven S and Tsoraides Maria
Bought by
Maria Tsoraides Revocable Trust
Current Estimated Value
$1,139,937

Purchase Details

Closed on
Feb 17, 2021
Sold by
Tsoraides Steven S and Tsoraides Maria
Bought by
Maria Tsoraides Revocable Trust

Purchase Details

Listed on
May 12, 2016
Closed on
Nov 29, 2016
Sold by
Buda Susan K Living Trust
Bought by
Tsoraides Steven S and Tsoraides Maria
Seller's Agent
Mark Ferrill
RE/MAX Traders Unlimited
Buyer's Agent
Brenda Bonello
Keller Williams Premier Realty
List Price
$975,500
Sold Price
$760,000
Premium/Discount to List
-$215,500
-22.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.62%
Original Mortgage
$608,000
Interest Rate
3.52%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 25, 2002
Bought by
Buda James and Buda Susan
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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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
Maria Tsoraides Revocable Trust -- Kavanagh Scully Sudow White Fr
Maria Tsoraides Revocable Trust -- Kavanagh Scully Sudow White Fr
Tsoraides Steven S $760,000 --
Buda James $200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tsoraides Steven S $608,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/02/2016 12/02/16 Sold $760,000 -22.1% $162 / Sq Ft
09/26/2016 09/26/16 Pending -- -- --
05/12/2016 05/12/16 For Sale $975,500 -- $209 / Sq Ft
Source: RMLS Alliance

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 $30,265 $360,380 $83,150 $277,230
2023 $23,234 $265,290 $76,280 $189,010
2022 $23,750 $264,870 $76,250 $188,620
2021 $23,005 $252,260 $72,620 $179,640
2020 $23,491 $247,320 $71,200 $176,120
2019 $23,394 $247,320 $71,200 $176,120
2018 $22,704 $241,670 $69,060 $172,610
2017 $23,026 $246,600 $70,470 $176,130
2016 $26,004 $285,390 $70,470 $214,920
2015 $25,871 $283,180 $70,470 $212,710
2014 $26,171 $284,750 $54,370 $230,380
2013 -- $286,180 $54,640 $231,540
Source: Public Records

Agents Affiliated with this Home

  • Mark Ferrill

    Seller's Agent in 2016

    Mark Ferrill

    RE/MAX

    (309) 657-3685

    3 in this area

    116 Total Sales

    Mark Ferrill
    Section Image

  • B

    Buyer's Agent in 2016

    Brenda Bonello

    Keller Williams Premier Realty

    (309) 360-2428

    41 Total Sales

    Brenda Bonello
    Section Image
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Map

Source: RMLS Alliance

MLS Number: RMAPA1173359

RMLS Alliance

APN: 14-15-300-012

Illinois Peoria County Peoria Heights 61614

5508 N Prospect Rd, Peoria Heights, IL

Not Listed for Sale

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