Seller's Agent in 2024
Judy Somers
Palen Real Estate
(815) 674-7502
47 Total Sales
601 W 3rd St Gilman, IL 60938
Estimated Value: $55,000 - $87,000
3
Beds
2
Baths
1,411
Sq Ft
$49/Sq Ft
Est. Value
Highlights
- Enclosed Patio or Porch
- Laundry Room
- Family Room
- Living Room
- Dining Room
About This Home
As of October 2024Welcome to this three-bedroom, two-bathroom home situated on an expansive half an acre corner lot with mature trees. The spacious corner lot provides ample room for outdoor activities, gardening, or future expansion. The detached two-car garage adds additional storage space, perfect for hobbies or extra vehicles. While the home could use some TLC, it holds incredible potential to become a true gem with a bit of vision and effort. Whether you're a first-time buyer or looking for a project to make your own, this property is ready for you to turn it into a wonderful family home. Don't miss out on this opportunity to invest in a property with so much promise.
Last Agent to Sell the Property
Palen Real Estate License #475125301 Listed on: 05/01/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,255
Year Built
- Built in 1880
Parking
- 2 Car Garage
Interior Spaces
- 1,411 Sq Ft Home
- 2-Story Property
- Family Room
- Living Room
- Dining Room
- Basement Fills Entire Space Under The House
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Potential Bedrooms
- 2 Full Bathrooms
Schools
- Iroquois West Elementary School
- Iroquois West Junior High School
- Iroquois West High School
Additional Features
- Enclosed Patio or Porch
- Lot Dimensions are 150 x 150
- Heating System Uses Natural Gas
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 1, 2024
Closed on
Oct 31, 2024
Sold by
First State Bank Of Forrest
Bought by
Soto Jorge
Seller's Agent
Judy Somers
Palen Real Estate
Buyer's Agent
Judy Somers
Palen Real Estate
List Price
$70,000
Sold Price
$55,000
Premium/Discount to List
-$15,000
-21.43%
Views
40
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,667
Avg. Annual Appreciation
20.69%
Original Mortgage
$291,573
Outstanding Balance
$248,904
Interest Rate
6.08%
Mortgage Type
Seller Take Back
Estimated Equity
-$180,237
Purchase Details
Closed on
Apr 24, 2024
Sold by
Sheriff Of Iroquois County
Bought by
First State Bank Of Forrest
Purchase Details
Listed on
Mar 12, 2021
Closed on
Oct 5, 2021
Sold by
Earles Sarah M
Bought by
Moore Bayleah
Seller's Agent
Steven Holsapple
Gold Key Realty Corporation
Buyer's Agent
Steven Holsapple
Gold Key Realty Corporation
Sold Price
$76,500
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.51%
Original Mortgage
$103,000
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 13, 2010
Bought by
Earles Sarah M
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Soto Jorge | $55,000 | None Listed On Document | |
| First State Bank Of Forrest | -- | None Listed On Document | |
| Moore Bayleah | -- | None Listed On Document | |
| Earles Sarah M | $54,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Soto Jorge | $291,573 | |
| Previous Owner | Moore Bayleah | $103,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/31/2024 10/31/24 | Sold | $55,000 | -21.4% | $39 / Sq Ft | |
| 09/24/2024 09/24/24 | Pending | -- | -- | -- | |
| 08/17/2024 08/17/24 | For Sale | $70,000 | +27.3% | $50 / Sq Ft | |
| 05/02/2024 05/02/24 | Off Market | $55,000 | -- | -- | |
| 05/01/2024 05/01/24 | For Sale | $70,000 | -8.5% | $50 / Sq Ft | |
| 10/05/2021 10/05/21 | Sold | $76,500 | -14.9% | $54 / Sq Ft | View Prior Sale |
| 09/01/2021 09/01/21 | Pending | -- | -- | -- | |
| 06/15/2021 06/15/21 | For Sale | -- | -- | -- | |
| 05/24/2021 05/24/21 | Pending | -- | -- | -- | |
| 05/24/2021 05/24/21 | For Sale | -- | -- | -- | |
| 05/07/2021 05/07/21 | Price Changed | $89,900 | -3.2% | $64 / Sq Ft | |
| 03/12/2021 03/12/21 | For Sale | $92,900 | -- | $66 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $1,386 | $23,650 | $9,910 | $13,740 |
| 2023 | $1,386 | $22,360 | $9,370 | $12,990 |
| 2022 | $1,268 | $22,140 | $9,280 | $12,860 |
| 2021 | $1,614 | $18,920 | $7,930 | $10,990 |
| 2020 | $1,631 | $17,630 | $7,390 | $10,240 |
| 2019 | $1,041 | $17,050 | $7,150 | $9,900 |
| 2018 | $1,001 | $16,600 | $6,960 | $9,640 |
| 2017 | $1,000 | $16,310 | $6,840 | $9,470 |
| 2016 | $1,002 | $16,310 | $6,840 | $9,470 |
| 2015 | $926 | $16,100 | $6,750 | $9,350 |
| 2014 | $926 | $15,810 | $6,630 | $9,180 |
| 2013 | $1,068 | $16,500 | $6,920 | $9,580 |
Source: Public Records
Agents Affiliated with this Home
-
Judy Somers
-
Steven Holsapple
Seller's Agent in 2021
Steven Holsapple
Gold Key Realty Corporation
(815) 263-5201
53 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12044285
APN: 16-31-433-009
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