NOT LISTED FOR SALE

5555 Broadway Rd Groveland, IL 61535

Estimated Value: $536,000 - $662,000

4 Beds
3 Baths
3,800 Sq Ft
$163/Sq Ft Est. Value

Last Sold September 09, 2021

Last sale price $486,000 $128 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $4,313/month

Highlights

  • Deck
  • Pond
  • Cathedral Ceiling
  • Morton High School Rated A-
  • Ranch Style House
  • Hydromassage or Jetted Bathtub

About This Home

As of September 2021

Come and see this beautiful lake frontage home! This is a quality-built custom brick ranch home with 2x6 exterior walls, tray ceilings, and a walkout basement. The kitchen comes with an island, breakfast bar, a pantry, appliances, and granite countertops. Low utility cost with the geothermal heating and air conditioning ($119 a month). The master suite has his and her closets and a jetted tub. The finished walkout basement includes the family room, rec. room and 4th bedroom. The garage can hold 5-6 cars and has a high enough ceiling for a lift. The backup generator is included. The roof and gutters were updated in 2017. The Propane tank is only for the fireplace and Back up whole generator.

Last Agent to Sell the Property

Adam Merrick

Adam Merrick Real Estate License #471018071 Listed on: 06/07/2021

Last Buyer's Agent

Adam Merrick

Adam Merrick Real Estate License #471018071 Listed on: 06/07/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,365

Year Built

  • Built in 2006

Lot Details

  • 2.1

Home Design

  • Ranch Style House

Interior Spaces

  • Central Vacuum
  • Cathedral Ceiling
  • Blinds

Kitchen

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

Bedrooms and Bathrooms

  • 3 Full Bathrooms
  • Hydromassage or Jetted Bathtub

Parking

  • Garage
  • Garage Door Opener

Eco-Friendly Details

  • Geothermal Energy System

Outdoor Features

  • Pond
  • Deck
  • Patio

Utilities

  • Water Softener is Owned
  • Septic System
  • High Speed Internet

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,365

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: Ranch
  • Legal Description: SEC 35 T25N R4W TIMBER LAKE ESTATES LOT 6 SW 1/4 ZZ 41 - 44
  • Lvt Date: 06/07/2021
  • Year Built: 2006
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Hood/Fan, Microwave Oven, Refrigerator, Range/Oven, Water Softener - Owned
  • Fireplace: Gas Logs, Living Room
  • Interior Amenities: Blinds, Ceilings/Cath/Vault/Tray, Central Vacuum, Central Vac Attachments, Garage Door Opener(s), Hi-Speed Internet Availbl, Solid Surface Counter Top, Jetted Tub
  • Number Fireplaces: 1
  • Total Bathrooms: 3
  • Total Full Baths: 3
  • Number of Full Bathrooms in the Basement: 1
  • Number of Main Level Full Bathrooms: 2
  • Bedrooms: 4
  • Master Bedroom: Dimensions: 15x14.04, On Level: Main, Flooring: Carpet
  • Basement Foundation: Full
  • Master Bedroom Egress Window: Yes
  • Bathroom Master Bedroom: Full
  • Bedroom 2: Dimensions: 12.02x11.04, On Level: Main, Flooring: Carpet
  • Bedroom 2 Egress Window: Yes
  • Bedroom 3: Dimensions: 12.02x11.04, On Level: Main, Flooring: Carpet
  • Bedroom 3 Egress Window: Yes
  • Bedroom 4: Dimensions: 18x14, On Level: Basement, Flooring: Carpet
  • Bedroom 4 Egress Window: Yes
  • Den: Dimensions: 12x11.05, On Level: Main, Flooring: Hardwood
  • Family Room: Dimensions: 12x13, On Level: Main, Flooring: Hardwood
  • Formal Dining Room: Dimensions: 12x13, On Level: Main, Flooring: Hardwood
  • Great Room: Dimensions: 22x17.02, On Level: Main, Flooring: Hardwood
  • Informal Dining Room: Dimensions: 12x8, On Level: Main, Flooring: Tile
  • Kitchen: Dimensions: 14x12, On Level: Main, Flooring: Tile
  • Kitchen Dining: Breakfast Bar, Dining Formal, Dining Informal, Eat-In Kitchen, Island, Pantry
  • Laundry: Dimensions: 13x8.05, On Level: Main, Flooring: Tile
  • Living Room: Dimensions: 22x17, On Level: Main, Flooring: Hardwood
  • Basement Finished Sq Ft: 1200
  • Total Basement Sq Ft: 2600
  • Additional Room 1: Dimensions: 22x14, On Level: Basement, Flooring: Other
  • Price Per Sq Ft: 186.92
  • Finished Sq Ft: 3800
  • Total Sq Ft: 2600
  • Finished Main Level Sq Ft: 2600

Exterior Features

  • Exterior: Brick
  • Exterior Amenities: Deck, Patio, Pond
  • Road Access: Paved
  • Roofing: Shingles

Garage/Parking

  • Garage Parking: Attached, Oversized, Tandem
  • Garage Yn: Yes
  • Number Of Garage Remotes: 2

Utilities

  • Heating Cooling: Electric, Geo Thermal, Generator
  • Utilities On: Yes
  • Water Sewer: Public Water, Septic System

Lot Info

  • Estimated Lot Size: IRREGULAR
  • Estimated Number of Acres: 2.1
  • Lot Description: Lake/Pond, Level, Lake View, Water Frontage
  • Subdivision: Timber Lake Estate
  • Geo Subdivision: IL

Tax Info

  • Annual Taxes: 11365
  • Parcel Id Number Tax Id: 05-05-35-301-008
  • Tax Exemptions: Homestead/Owner Occupied, Senior Homestead
  • Tax Year: 2020

MLS Schools

  • High School School District: Morton

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2021
Closed on
Sep 7, 2021
Sold by
Schaffrin Daniel J
Bought by
Sherman Terry J
Seller's Agent
Adam Merrick
Adam Merrick Real Estate
Buyer's Agent
Adam Merrick
Adam Merrick Real Estate
List Price
$494,900
Sold Price
$486,000
Premium/Discount to List
-$8,900
-1.8%
Current Estimated Value
$621,274

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$135,274
Avg. Annual Appreciation
6.13%
Original Mortgage
$388,800
Outstanding Balance
$354,819
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$266,455

Purchase Details

Closed on
May 14, 2012
Sold by
Schaffrin Zenaida
Bought by
Schaffrin Daniel J

Purchase Details

Closed on
Apr 15, 2010
Sold by
Henry Robert R and Henry Debra L
Bought by
Schaffrin Daniel J and Schaffrin Zenaida

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
4.39%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Sherman Terry J $486,000 Cusack & Gilfillan Llc
Schaffrin Daniel J -- None Available
Schaffrin Daniel J $535,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sherman Terry J $388,800
Previous Owner Schaffrin Daniel J $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/09/2021 09/09/21 Sold $486,000 -1.8% $128 / Sq Ft
07/08/2021 07/08/21 Pending -- -- --
06/07/2021 06/07/21 For Sale $494,900 -- $130 / 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 $12,543 $210,240 $33,940 $176,300
2023 $12,543 $193,020 $31,160 $161,860
2022 $12,136 $178,540 $28,820 $149,720
2021 $11,627 $171,670 $27,710 $143,960
2020 $11,365 $171,670 $27,710 $143,960
2019 $11,348 $171,670 $27,710 $143,960
2018 $11,140 $171,670 $27,710 $143,960
2017 $10,853 $171,670 $27,710 $143,960
2016 $10,740 $171,670 $27,710 $143,960
2015 $10,346 $0 $0 $0
2013 $10,249 $165,630 $24,840 $140,790
Source: Public Records

Agents Affiliated with this Home

  • Adam Merrick

    Seller's Agent in 2021

    Adam Merrick

    Adam Merrick Real Estate

    (309) 273-1806

    4,214 Total Sales

    Adam Merrick
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Map

Source: RMLS Alliance

MLS Number: PA1225669

RMLS Alliance

APN: 05-05-35-301-008

Illinois Tazewell County Groveland 61535

5555 Broadway Rd, Groveland, IL

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