NOT LISTED FOR SALE

551 Scotch Elm Ln Galesburg, IL 61401

Estimated Value: $169,880 - $216,000

4 Beds
1 Bath
1,638 Sq Ft
$116/Sq Ft Est. Value

Last Sold June 12, 2015

Last sale price $129,500 $79 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $1,370/month

About This Home

As of June 2015

Impeccable Home at a Sensational Price!!Harmony prevails in this light and airy residence on a tranquil street near shops. Located close to schools, this home offers families the perfect retreat. Ideal features include 2 car attached garage, 4 bedrooms, Large family room, eat in kitchen and dining room.

Last Agent to Sell the Property

Chuck Ross

Mel Foster Co. Galesburg License #471017532 Listed on: 04/04/2015

Mel Foster Co. Galesburg

Last Buyer's Agent

Zack Thiel

RE/MAX Preferred Properties License #475163980

RE/MAX Preferred Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,255

Year Built

  • Built in 1958

Lot Details

  • 0.29

Interior Spaces

  • 1 Full Bathroom
  • 1.5-Story Property

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Laundry

  • Dryer
  • Washer

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,255

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 1.5 Story
  • Unit Style: 1-Level
  • Legal Description: FAIR OAKS ADDN LOT 8 BLK 3
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Dryer, Dishwasher, Disposal, Microwave Oven, Refrigerator, Range/Oven, Washer
  • Total Bathrooms: 2
  • Total Full Baths: 1
  • Total Half Baths: 1
  • Bedrooms: 4
  • Master Bedroom: Dimensions: 16.4x13.2
  • Basement Foundation: Partially Finished
  • Bedroom 2: Dimensions: 16x10
  • Bedroom 3: Dimensions: 12x10
  • Bedroom 4: Dimensions: 14x10
  • Formal Dining Room: Dimensions: 13.9x13.3
  • Kitchen: Dimensions: 15.6x10.5
  • Living Room: Dimensions: 25.8x15.3
  • Finished Sq Ft: 1638

Exterior Features

  • Exterior: Vinyl Siding

Garage/Parking

  • Garage Parking: Attached

Utilities

  • Heating Cooling: Gas, Other Mechanics
  • Water Sewer: Public Water

Lot Info

  • Estimated Lot Size: 80 x 155.5
  • Geo Subdivision: IL

Tax Info

  • Annual Taxes: 3255
  • Parcel Id Number Tax Id: 99-03-304-008

MLS Schools

  • Middle School: Churchill

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2015
Closed on
Jun 12, 2015
Sold by
Olmsted Jason L and Olmsted Marcy A
Bought by
Shaver Kay A
Seller's Agent
Chuck Ross
Mel Foster Co. Galesburg
Buyer's Agent
Zack Thiel
RE/MAX Preferred Properties
List Price
$129,900
Sold Price
$129,500
Premium/Discount to List
-$400
-0.31%
Current Estimated Value
$190,470

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,970
Avg. Annual Appreciation
3.78%
Original Mortgage
$123,000
Outstanding Balance
$96,109
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$94,361
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
Shaver Kay A $129,500 Attorney Only
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shaver Kay A $123,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/12/2015 06/12/15 Sold $129,500 -0.3% $79 / Sq Ft
05/01/2015 05/01/15 Pending -- -- --
04/04/2015 04/04/15 For Sale $129,900 -- $79 / 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 $4,414 $53,570 $5,010 $48,560
2023 $4,414 $51,870 $4,850 $47,020
2022 $3,962 $47,800 $4,850 $42,950
2021 $3,805 $45,100 $4,580 $40,520
2020 $3,867 $45,100 $4,580 $40,520
2019 $3,810 $44,220 $4,490 $39,730
2018 $3,797 $44,220 $4,360 $39,860
2017 $3,700 $42,930 $4,230 $38,700
2015 -- $44,390 $4,170 $40,220
2013 $3,140 $44,830 $4,210 $40,620
Source: Public Records

Agents Affiliated with this Home

  • Chuck Ross

    Seller's Agent in 2015

    Chuck Ross

    Mel Foster Co. Galesburg

    (309) 277-7702

    86 in this area

    118 Total Sales

    Chuck Ross
    Section Image

  • Z

    Buyer's Agent in 2015

    Zack Thiel

    RE/MAX Preferred Properties

    19 in this area

    48 Total Sales

    Zack Thiel
    Section Image
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Map

Source: RMLS Alliance

MLS Number: RMACA23096

RMLS Alliance

APN: 99-03-304-008

Illinois Knox County Galesburg 61401

551 Scotch Elm Ln, Galesburg, IL

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