NOT LISTED FOR SALE

551 N River Rd Oregon, IL 61061

Estimated Value: $1,355,101

178 Acres
$7,613 Price per Acre
7,753,680 Sq Ft Lot

Last Sold July 30, 2021

Last sale price $1,100,000

Est. 23% increase in value since last sale

Current estimated payment $8,001/month

180 Days on Market

Highlights

  • Waterfront
  • 178 Acre Lot
  • Farm
  • Oregon High School Rated 9+

About This Lot

As of July 2021

High development potential and mixed use farm ground conveniently located on the Rock River outside of Oregon, IL. This property ajoins city limits. Surrounded by endless attractions - adjacent to downtown Oregon that is loaded with shops, restaurants, bars. Borders Lowden State Park. The historic and recently renovated Blackhawk statue. 1/4 mile of Rock River frontage with 2 boat ramps. Just north of the Oregon Dam. RV camping close by. 8 minutes to Silver Ridge Golf Course and 12 minutes to Prairie View Golf Course. Route 64 has a robust traffic count of 9,900 daily drivers. Farm house and barns go with the property but has been a rental for years. Farm ground with a PI of 118. 30 minutes from Rockford, 2 hours from Chicago.

Last Agent to Sell the Property

Todd Henry

Whitetail Properties Real Estate, LLC License #475154618 Listed on: 12/31/2020

Whitetail Properties Real Estate, LLC

Last Buyer's Agent

Todd Henry

Whitetail Properties Real Estate, LLC License #475154618 Listed on: 12/31/2020

Whitetail Properties Real Estate, LLC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,075

Lot Details

  • 178 Acre Lot
  • Lot Dimensions are 1772x1664x2097x1658
  • Waterfront
  • Property fronts a county road

Farming

  • Farm

Utilities

  • Electricity To Lot Line
  • Gas Available
  • Mechanical Septic System

Property Details

Property Type

Land

Est. Annual Taxes

$7,075

Lot Details

0

Listing Details

  • Property Type: Farm
  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Agricultural
  • Road Surface Type: Asphalt
  • General Information: School Bus Service
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Frontage Length: 1772
  • Frontage Type: County Road
  • List Price: 1913500
  • Waterfront: Yes

Garage/Parking

  • Number of Cars: 0

Utilities

  • Utilities: Electric to Site, Gas to Site, Septic-Mechanical

Schools

  • Middle/Junior School District: 220

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 178
  • Lot Dimensions: 1772X1664X2097X1658
  • Lot Size: 100+ Acres
  • Special Assessments: N

Rental Info

  • Board Number: 24

Building Info

  • Building(s) on Land: Yes

Tax Info

  • Tax Annual Amount: 7075
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 31, 2020
Closed on
Jul 19, 2021
Sold by
Dirksen Trust
Bought by
Benesh Todd M and Benesh Kathy L
Seller's Agent
Todd Henry
Whitetail Properties Real Estate, LLC
Buyer's Agent
Todd Henry
Whitetail Properties Real Estate, LLC
List Price
$1,913,500
Sold Price
$1,100,000
Premium/Discount to List
-$813,500
-42.51%
Current Estimated Value
$1,355,101

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$255,101
Avg. Annual Appreciation
4.81%
Original Mortgage
$500,000
Outstanding Balance
$458,749
Interest Rate
2.93%
Mortgage Type
New Conventional
Estimated Equity
$870,766
Source: Public Records

Range of Values:

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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
Benesh Todd M $1,100,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Benesh Todd M $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2021 07/30/21 Sold $1,100,000 0.0% --
07/30/2021 07/30/21 Sold $1,100,000 -42.5% --
07/03/2021 07/03/21 Pending -- -- --
06/29/2021 06/29/21 Pending -- -- --
12/31/2020 12/31/20 For Sale $1,913,500 0.0% --
11/25/2020 11/25/20 For Sale $1,913,500 -- --
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 $6,978 $81,625 $77,625 $4,000
2023 $6,401 $74,115 $70,115 $4,000
2022 $6,001 $67,242 $63,242 $4,000
2021 $7,903 $87,777 $57,036 $30,741
2020 $7,390 $81,145 $51,501 $29,644
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10961029

Midwest Real Estate Data (MRED)

APN: 16-03-201-008