NOT LISTED FOR SALE

601 W Olympic Dr Lanark, IL 61046

Studio
-- Bath
5,400 Sq Ft
1.7 Acres

Last Sold September 30, 2015

Last sale price $300,000 $56 Per Sq Ft

1,281 Days on Market

Highlights

  • Commercial or Retail Space
  • Forced Air Heating and Cooling System
  • Concrete Flooring
  • Eastland Elementary School Rated A-

About This Home

As of September 2015

601 address is a 5400 sq. ft. metal building with storage/warehouse space. Office area is finished, heated with central air, a bathroom and asphalt driveway. Possibility for 4 different rental areas, 3 overhead doors & a good location. 603 address (tax#06-10-05-314-004-$4,193.16) consists of 2 storage buildings and mini storage units. One building was constructed in 1997 and the other in 2009 with a total area of 8740 sq. ft.. There are 35 units, 4-12'x30', 4-10'x30' in north buildings. South building has 5-10'x10' & 22-10'x25'. All have concrete floors and wood walls with insulated roof. Currently fully rented.

Last Agent to Sell the Property

NICHOLAS ISENHART

BARNES REALTY, INC. License #471002141 Listed on: 12/29/2011

Last Buyer's Agent

Thomas Miller

Fawn Ridge Real Estate Co. License #471002496

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $2,590

Year Built

  • Built in 1997

Lot Details

  • 1.7 Acre Lot
  • Property is zoned Commercial

Home Design

  • 5,400 Sq Ft Home
  • Commercial or Retail Space
  • Slab Foundation
  • Fire Rated Drywall
  • Steel Beams

Flooring

  • Carpet
  • Concrete
  • Vinyl

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Property Details

Property Type

Other

Est. Annual Taxes

$2,590

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Electric: Circuit Breaker
  • Class: COMMERCIAL/INDUSTRIAL
  • Front: 403.28
  • Rear: 403.28
  • Side 1: 278.87
  • Side 2: 275.7
  • Type: Commercial
  • Agent Only_ L A1 User Code: F_209
  • Designated Managing Broker Y N: Yes
  • Key Y N: Yes
  • Number Doors: 3
  • Assessor Parcel Number: 06-10-05-314-005
  • Sprinkler Yn: No
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Walls: Drywall
  • Insulation: Yes
  • Basement: Slab
  • Total Finished Sq Ft: 5400
  • Flooring: Carpet, Vinyl, Concrete

Exterior Features

  • Exterior: Steel
  • Roof: Other

Garage/Parking

  • Parking: Off Street & Building

Utilities

  • Sewer: City
  • Water: City
  • Water Heater: Natural Gas
  • Air Conditioner: Central
  • Heat: Gas Forced Air

Lot Info

  • Number Of Acres: 1.7

Building Info

  • Year Built: 1997

Tax Info

  • Year: 2014
  • Taxes: 2590

MLS Schools

  • School District: Eastland

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 29, 2011
Closed on
Sep 30, 2015
Sold by
Ervin Mary E
Bought by
Ktk Lanark Rentals Llc
Seller's Agent
NICHOLAS ISENHART
BARNES REALTY, INC.
Buyer's Agent
Thomas Miller
Fawn Ridge Real Estate Co.
List Price
$429,000
Sold Price
$300,000
Premium/Discount to List
-$129,000
-30.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Outstanding Balance
$212,649
Interest Rate
3.91%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Ktk Lanark Rentals Llc $300,000 Wheatland Title Guaranty
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ktk Lanark Rentals Llc $270,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2015 09/30/15 Sold $300,000 -30.1% $56 / Sq Ft
07/02/2015 07/02/15 Pending -- -- --
12/29/2011 12/29/11 For Sale $429,000 -- $79 / 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 $9,582 $132,286 $13,439 $118,847
2023 $9,582 $118,112 $11,999 $106,113
2022 $9,617 $118,112 $11,999 $106,113
2021 $9,984 $118,112 $11,999 $106,113
2020 $8,195 $96,564 $11,999 $84,565
2019 $8,492 $96,564 $11,999 $84,565
2018 $3,682 $41,782 $5,999 $35,783
2017 $3,195 $41,782 $5,999 $35,783
2016 $2,741 $31,650 $5,999 $25,651
2015 $2,719 $31,650 $5,999 $25,651
2014 $2,538 $31,650 $5,999 $25,651
2013 $2,538 $31,650 $5,999 $25,651
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2015

    NICHOLAS ISENHART

    BARNES REALTY, INC.

  • Thomas Miller

    Buyer's Agent in 2015

    Thomas Miller

    Fawn Ridge Real Estate Co.

    (815) 297-4968

    121 Total Sales

    Thomas Miller
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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 134293

NorthWest Illinois Alliance of REALTORS®

APN: 06-10-05-314-005

Illinois Carroll County Lanark 61046

601 W Olympic Dr, Lanark, IL

Not Listed for Sale

Other

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