NOT LISTED FOR SALE

556 2550n Mahomet, IL 61853

Estimated Value: $494,479 - $664,000

6 Beds
3 Baths
2,390 Sq Ft
$247/Sq Ft Est. Value

Last Sold July 31, 2020

Last sale price $425,000 $178 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $3,618/month

1 Day on Market

Highlights

  • In Ground Pool
  • Deck
  • Heated Sun or Florida Room
  • Fisher Junior/Senior High School Rated 9+
  • Main Floor Bedroom
  • Corner Lot

About This Home

As of July 2020

Wow, stunning property offering a ton of space in this ranch with a full basement & inground pool situated on a corner 2-acre lot! With approximately 3,803 total finished sq.ft. of living space, there is room to roam inside and out. The living room features a large picturesque window and a vaulted ceiling. Spacious eat-in kitchen with plenty of maple cabinets, breakfast bar plus dining area. The bright and beautiful sunroom makes the perfect gathering space and is highlighted by the vaulted ceiling, fireplace, endless views, and provides access to the deck leading to the inground pool. As the owners, you will enjoy the complete privacy of the master suite offering a vaulted ceiling, full ensuite bath and walk-in closet. Two additional bedrooms, full bath, office and laundry room complete the main level. Need more room? No problem, make your way to the full basement offering a huge rec/family room with wet bar, full bath, three additional bedrooms plus two separate storage areas. This is a MUST-SEE!

Last Agent to Sell the Property

Russ Taylor

Taylor Realty Associates License #471001422 Listed on: 06/16/2020

Last Buyer's Agent

Max McComb

RE/MAX REALTY ASSOCIATES-CHA License #475136742

RE/MAX REALTY ASSOCIATES-CHA

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,037

Year Built

  • 2007

Lot Details

  • Corner Lot

Parking

  • Attached Garage
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • Home Office
  • Heated Sun or Florida Room
  • Breakfast Bar
  • Laundry on main level

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Primary Bathroom is a Full Bathroom
  • Bathroom on Main Level

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom

Outdoor Features

  • In Ground Pool
  • Deck
  • Patio

Utilities

  • Central Air
  • Heating System Uses Propane
  • Well
  • Private or Community Septic Tank

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,037

Year Built

2007

Lot Details

0

Parking

3

Listing Details

  • Property Type: Detached Single
  • General Information: School Bus Service
  • Age: 11-15 Years
  • Full Bathrooms: 3
  • Number Interior Fireplaces: 1
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 3
  • Total Sq Ft: 2390
  • Unfinished Basement Sq Ft: 889
  • Type Detached: 1 Story
  • Estimated Year Built: 2007
  • Tax Exemptions: Homeowner
  • Total Sq Ft: 4692
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2007

Interior Features

  • Interior Property Features: 1st Floor Bedroom, 1st Floor Laundry, 1st Floor Full Bath
  • Number Of Rooms: 12
  • Living Room: Dimensions: 16X20, On Level: Main Level, Flooring: Carpet
  • Basement: Full
  • Basement: Unfinished
  • Basement Bathrooms: Yes
  • Bedrooms All Levels: 6
  • Below Grade Bedrooms: 3
  • Primary Bedroom Bath: Full
  • Above Grade Bedrooms: 3
  • Laundry: Dimensions: 8X12, On Level: Main Level
  • Dining Room: Dimensions: 13X10, On Level: Main Level, Flooring: Ceramic Tile
  • Kitchen Type: Dimensions: 12X12, On Level: Main Level, Flooring: Ceramic Tile
  • Kitchen Type: Eating Area-Breakfast Bar, Eating Area-Table Space
  • Additional Rooms: 5th Bedroom, 6th Bedroom, Office, Sun/Florida Room Heated
  • Master Bedroom: Dimensions: 13X15, On Level: Main Level, Flooring: Carpet
  • Additional Room 1 Name: 5th Bdrm, Dimensions: 11X14, On Level: Basement, Flooring: Carpet
  • Additional Room 2 Name: 6th Bdrm, Dimensions: 10X16, On Level: Basement, Flooring: Carpet
  • Bedroom 2: Dimensions: 11X14, On Level: Main Level, Flooring: Carpet
  • Additional Room 3 Name: Office, Dimensions: 10X12, On Level: Main Level, Flooring: Carpet
  • Bedroom 3: Dimensions: 12X12, On Level: Main Level, Flooring: Carpet
  • Additional Room 4 Name: Sun/Florida Room Heated, Dimensions: 27X17, On Level: Main Level, Flooring: Ceramic Tile
  • Bedroom 4: Dimensions: 11X14, On Level: Basement, Flooring: Carpet
  • Estimated Sq Ft: 2390
  • Estimated Total Finished Sq Ft: 3803
  • Basement Sq Ft: 2302
  • Basement Finished Sq Ft: 1413
  • Main Level Sq Ft: 2390
  • Family Room: Dimensions: 22X33, On Level: Basement, Flooring: Carpet

Exterior Features

  • Lot Size: 2.0-2.99 Acres
  • Exterior Building Type: Vinyl Siding, Brick
  • Exterior Property Features: Deck, Patio, Pool In-Ground
  • Acreage: 2.01

Garage/Parking

  • Number of Cars: 3
  • Parking: Garage
  • Garage Type: Attached
  • Garage On Site: Yes
  • Number Garage Spaces: 3
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

  • Air Conditioner: Central Air
  • Water: Well-Private
  • Sewer: Septic-Private
  • Heating Fuel: Propane

Schools

  • School District: 1
  • Elementary School: Fisher Grade School
  • Middle School: Fisher Jr./Sr. High School
  • High School: Fisher Jr./Sr. High School
  • Junior High Dist: 1

Lot Info

  • Lot Dimensions: 270X325
  • Lot Description: Corner
  • Parcel Identification Number: 160725200010

Tax Info

  • Taxes: 5305.18

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2020
Closed on
Jul 31, 2020
Sold by
Nash Michael D and Witteveen Nash Melissa
Bought by
Quinley Matthew V and Quinley Dawn
Seller's Agent
Russ Taylor
Taylor Realty Associates
Buyer's Agent
Max McComb
RE/MAX REALTY ASSOCIATES-CHA
List Price
$425,000
Sold Price
$425,000
Current Estimated Value
$589,370

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$164,370
Avg. Annual Appreciation
6.45%
Original Mortgage
$403,750
Outstanding Balance
$358,088
Interest Rate
2.99%
Mortgage Type
New Conventional
Estimated Equity
$231,282

Purchase Details

Closed on
Nov 27, 2007
Sold by
Ironwood Builders Inc
Bought by
Nash Michael D and Witteveen Nash Melissa G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,000
Interest Rate
6.47%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 25, 2007
Sold by
Nash Michael D and Witteveen Nash Melissa
Bought by
Ironwood Builders Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$632,000
Interest Rate
6.55%
Mortgage Type
Construction
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
Quinley Matthew V $425,000 Attorney
Nash Michael D $405,500 None Available
Ironwood Builders Inc $40,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Quinley Matthew V $403,750
Previous Owner Nash Michael D $324,000
Previous Owner Ironwood Builders Inc $632,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2020 07/31/20 Sold $425,000 0.0% $178 / Sq Ft
06/17/2020 06/17/20 Pending -- -- --
06/16/2020 06/16/20 For Sale $425,000 -- $178 / Sq Ft
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 $6,037 $106,260 $19,040 $87,220
2023 $6,037 $96,250 $17,250 $79,000
2022 $5,685 $89,040 $15,960 $73,080
2021 $5,431 $85,290 $15,290 $70,000
2020 $5,311 $82,090 $14,720 $67,370
2019 $5,305 $82,090 $14,720 $67,370
2018 $5,178 $79,470 $14,250 $65,220
2017 $5,322 $79,470 $14,250 $65,220
2016 $4,920 $73,040 $13,100 $59,940
2015 $4,913 $71,320 $12,790 $58,530
2014 $4,824 $69,780 $12,510 $57,270
2013 $4,840 $69,780 $12,510 $57,270
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10749178

Midwest Real Estate Data (MRED)

APN: 16-07-25-200-010