NOT LISTED FOR SALE

551 Territory Dr Galena, IL 61036

Estimated Value: $484,234 - $762,000

5 Beds
5 Baths
4,105 Sq Ft
$150/Sq Ft Est. Value

Last Sold April 22, 2020

Last sale price $295,000 $72 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $3,360/month

367 Days on Market

Highlights

  • Greenhouse
  • Countryside Views
  • Wooded Lot
  • River Ridge Middle School Rated 10
  • Deck
  • Covered Patio or Porch

About This Home

As of April 2020

Driving up the long curved driveway between the property and adjacent green space is where the “WOW” factor starts as you can see the whole curved front elevation of this spacious home beautifully set in the side of the hill. The western views of The Galena Territory and distant rural Jo Davies County are spectacular. The stone accent and covered front porch is your entrance to the interior foyer. Main floor ranch style living has everything you need on one floor. The west wing has three bedrooms & three baths. The center of the first floor has the step down living room centered on a floor to ceiling stone fireplace, wood ceiling beams and pillars that set off the billiards parlor. The east wing has the formal dining room, kitchen and large laundry room. The spacious kitchen is set up for entertaining with 2 sinks, Corian counter tops, loads of cabinets and prep space, updated appliances with a double oven, and eating area that seats eight people. The “kitchen” area is where everyone congregates and there is room here for all of them. Step out from the kitchen onto the wrap around deck to watch turkey, deer and hot air balloons while entertaining outdoors with the hot tub and plenty of dinning and relaxing space. The entire second floor is dedicated to the master bedroom suite with 2 large walk in closets and spa like bathroom with separate sinks, soaking bathtub and shower. The lower level has a guest bedroom & bath with a spacious family room for additional entertaining and gaming machines. The family room leads to a massive unfinished storage/ work shop area and over sized 2.5 car garage. The spectacular 3-acre park-like lot with long views is surrounded by green space on 3 of the 5 lot lines which is part of The Galena Territory Trail System. Located in the resort core, this home is close to all the amenities of Eagle Ridge Resort & Spa, Lake Galena and The Galena Territory Owners’ Club complex. The home is licensed for rental with an excellent stream of income. The home is being sold unfurnished, however, with a few exceptions; all furnishings are easily negotiated for sale on a separate bill of sale at closing. Sale subject to the GTA documentation fee. The deck & exterior scheduled to be stained in 2019. If sold before work is done, Seller will offer an allowance. For the ultimate privacy the vacant lot across the street @ 548 Territory Dr is available forsale.

Last Agent to Sell the Property

Andy Klemmt

CHOICE REALTY License #475124963 Listed on: 02/18/2019

Last Buyer's Agent

Andy Klemmt

CHOICE REALTY License #475124963 Listed on: 02/18/2019

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,309

Year Built

  • Built in 1989

Lot Details

  • 3.13 Acre Lot
  • Property fronts a county road
  • Wooded Lot

HOA Fees

  • $95 Monthly HOA Fees

Home Design

  • Brick or Stone Mason
  • Shingle Roof
  • Cedar

Interior Spaces

  • 2-Story Property
  • Wood Burning Fireplace
  • Countryside Views

Kitchen

  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom Upstairs
  • 5 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Parking

  • 2.5 Car Garage
  • Tuck Under Parking
  • Garage Door Opener

Outdoor Features

  • Deck
  • Covered Patio or Porch
  • Greenhouse

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Propane
  • Gas Tank Leased
  • Electric Water Heater
  • Water Softener
  • Septic System

Community Details

  • The community has rules related to covenants

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,309

Year Built

Built in 1989

Lot Details

0

HOA Fees

$95 per month

Listing Details

  • Road Frontage: County/City Road, Hard Surface Road
  • Type: Wooded, Country View, Covenants, Panorama, Restrictions, Subdivision
  • Electric: Circuit Breaker
  • Additional Room 5: On Level: Lower
  • Additional Room 6: M, On Level: Main
  • Appliances That Stay or Are Included: Dishwasher, Dryer, Microwave, Refrigerator, Stove/Cooktop, Washer, Water Softener, LP Gas Tank Rented
  • Class: HOUSE
  • Estimated Above Grade Sq Ft: 2479
  • Estimated Below Grade Finished Sq Ft: 348
  • Front: 122
  • General Features: Deck, Laundry 1st Floor, Greenhouse, Porch Covered
  • Grid: Galena Territory
  • Hoa Fee Frequency: Yearly
  • Lot Acreage: 3.13
  • Lvt Date: 02/18/2019
  • Rear: 355
  • Side 1: 516
  • Side 2: 594
  • Style: 2 Story
  • Type: House
  • Agent Only_ L A1 User Code: F_599
  • Egress: Yes
  • Elementary School: River Ridge
  • Estimated Total Finished Sq Ft: 4105
  • Estimated Upper Sq Ft: 978
  • Garage Type Driveway: Asphalt, Garage Remote/Opener, Under
  • Hold Earnest Money Y N: Yes
  • Licensed Unit Number: Lodge
  • Pertinent Facts: Driving up the long curved driveway between the property and adjacent green space is where the “WOW” factor starts as you can see the whole curved front elevation of this spacious home beautifully set in the side of the hill. The western views of The Galena Territory and distant rural Jo Davies County are spectacular. The stone accent and covered front porch is your entrance to the interior foyer. Main floor ranch style living has everything you need on one floor. The west wing has three bedrooms & three baths. The center of the first floor has the step down living room centered on a floor to ceiling stone fireplace, wood ceiling beams and pillars that set off the billiards parlor. The east wing has the formal dining room, kitchen and large laundry room. The spacious kitchen is set up for entertaining with 2 sinks, Corian counter tops, loads of cabinets and prep space, updated appliances with a double oven, and eating area that seats eight people. The “kitchen” area is where everyone congregates and there is room here for all of them. Step out from the kitchen onto the wrap around deck to watch turkey, deer and hot air balloons while entertaining outdoors with the hot tub and plenty of dinning and relaxing space. The entire second floor is dedicated to the master bedroom suite with 2 large walk in closets and spa like bathroom with separate sinks, soaking bathtub and shower. The lower level has a guest bedroom & bath with a spacious family room for additional entertaining and gaming machines. The family room leads to a massive unfinished storage/ work shop area and over sized 2.5 car garage. The spectacular 3-acre park-like lot with long views is surrounded by green space on 3 of the 5 lot lines which is part of The Galena Territory Trail System. Located in the resort core, this home is close to all the amenities of Eagle Ridge Resort & Spa, Lake Galena and The Galena Territory Owners’ Club complex. The home is licensed for rental with an excellent stream of income. The home is being sold unfurnished, however, with a few exceptions; all furnishings are easily negotiated for sale on a separate bill of sale at closing. Sale subject to the GTA documentation fee. The deck & exterior scheduled to be stained in 2019. If sold before work is done, Seller will offer an allowance. For the ultimate privacy the vacant lot across the street @ 548 Territory Dr is available forsale.
  • Rental License: Yes
  • Designated Managing Broker Y N: No
  • L O1 Brokerage Number: 481011435
  • S O1 Brokerage Number: 481011435
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Bedrooms: 5
  • Basement Type: Full
  • Master Bedroom: On Level: Upper
  • Fireplace Type: Wood
  • Basement: Basement Entrance, Finished
  • Bedroom 2: On Level: Main
  • Bedroom 3: On Level: Main
  • Bedroom 4: On Level: Main
  • Dining Room: On Level: Main
  • Family Room: On Level: Lower
  • Fireplace: Yes
  • Full Bathrooms: 5
  • Kitchen: On Level: Main
  • Living Room: On Level: Main
  • Number Of Fireplaces: 1
  • Price Per Sq Ft: 71.86
  • Total Bathrooms: 5
  • Basement: Yes

Exterior Features

  • Exterior: Brick/Stone, Cedar
  • Roof: Shingle

Garage/Parking

  • Garage: 2.5

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Propane
  • Sewer: Septic
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA Fees: 1137

Schools

  • School District: River Ridge
  • Elementary School: River Ridge
  • Middle School: River Ridge
  • High School: River Ridge
  • Elementary School #2: River Ridge

Building Info

  • Year Built: 1989

Tax Info

  • Year: 2018
  • Taxes: 4309

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
Feb 18, 2019
Closed on
Apr 20, 2020
Sold by
Baggot Michael R and Baggot Melonie S
Bought by
Goldsmith Eric and Goldsmith Tiffany E
Seller's Agent
Andy Klemmt
CHOICE REALTY
Buyer's Agent
Andy Klemmt
CHOICE REALTY
List Price
$399,000
Sold Price
$295,000
Premium/Discount to List
-$104,000
-26.07%
Current Estimated Value
$615,809

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$320,809
Avg. Annual Appreciation
14.37%
Original Mortgage
$305,620
Outstanding Balance
$270,228
Interest Rate
3.3%
Mortgage Type
Construction
Estimated Equity
$345,581

Purchase Details

Listed on
Nov 3, 2014
Closed on
Feb 13, 2015
Sold by
Apple River State Bank
Bought by
Baggot Michael R and Baggot Melonie S
Seller's Agent
Andy Klemmt
CHOICE REALTY
Buyer's Agent
Andy Klemmt
CHOICE REALTY
List Price
$229,000
Sold Price
$187,500
Premium/Discount to List
-$41,500
-18.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.12%
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
Goldsmith Eric $295,000 Attorney Only
Baggot Michael R $187,500 Attorney Only
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Goldsmith Eric $305,620
Closed Baggot Michael R $168,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/22/2020 04/22/20 Sold $295,000 -26.1% $72 / Sq Ft
02/20/2020 02/20/20 Pending -- -- --
02/18/2019 02/18/19 For Sale $399,000 +112.8% $97 / Sq Ft
02/13/2015 02/13/15 Sold $187,500 -18.1% $59 / Sq Ft View Prior Sale
12/19/2014 12/19/14 Pending -- -- --
11/03/2014 11/03/14 For Sale $229,000 +34.7% $71 / Sq Ft
06/26/2012 06/26/12 Sold $170,000 -22.7% $53 / Sq Ft View Prior Sale
06/05/2012 06/05/12 Pending -- -- --
04/10/2012 04/10/12 For Sale $220,000 -- $69 / 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 -- $161,539 $7,508 $154,031
2023 $0 $141,181 $6,562 $134,619
2022 $0 $105,359 $4,897 $100,462
2021 $0 $97,708 $4,541 $93,167
2020 $1,487 $65,515 $4,108 $61,407
2019 $4,372 $64,420 $4,039 $60,381
2018 $4,309 $65,209 $4,088 $61,121
2017 $4,011 $61,758 $4,088 $57,670
2016 $3,391 $53,224 $21,296 $31,928
2015 $3,374 $53,224 $21,296 $31,928
2014 $2,976 $56,757 $22,709 $34,048
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 121759

NorthWest Illinois Alliance of REALTORS®

APN: 08-407-029-00