NOT LISTED FOR SALE

638 S Main St Unit 1 Princeton, IL 61356

Estimated Value: $170,000 - $334,465

1 Bed
1 Bath
2,250 Sq Ft
2,483 Sq Ft Lot

Last Sold May 17, 2024

Last sale price $323,000 $144 Per Sq Ft

Est. 18% decrease in value since last sale

Current estimated payment $1,942/month

302 Days on Market

Highlights

  • 2 Car Attached Garage
  • Laundry Room
  • Dining Room
  • Living Room
  • Central Air
  • 1-minute walk to Soldier and Sailors Park

About This Home

As of May 2024

Investors dream! High visibility location on South Main Street Princeton. The entire interior of both the first-floor office area and the second-floor residential unit has been updated with high quality materials. A new garage is situated at the rear of the first-floor office area. A new deck has been added above the first-floor office area with TREX deck and rails, etc. New mechanical systems have been added to both levels. This historic building includes a fully furnished 2250 sq ft loft apartment, currently used as an Airbnb. Custom kitchen with Knotty Alder cabinets, stainless steel appliances & granite countertops. Open floor plan for most of this unique loft plus a spacious bedroom with a walk-in closet, exercise room, & laundry area. Enjoy your personal terrace with hot tub, built-in hardline gas grill, and great views. Commercial offices on first floor are currently rented for a total of $5,350 per month and ideal for numerous professional businesses.

Last Agent to Sell the Property

Amber Burress

A+ Real Estate LLC License #471021068 Listed on: 04/11/2023

Last Buyer's Agent

Oksana Melnchyn

Cambridge Realty LLC License #471020810

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,985

Year Built

  • Built in 1867 | Remodeled in 2019

Lot Details

  • 2,483

Parking

  • 2 Car Attached Garage
  • Parking Included in Price

Home Design

  • Stone Siding

Interior Spaces

  • 2,250 Sq Ft Home
  • 2-Story Property
  • Family Room
  • Living Room
  • Dining Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Potential Bedroom
  • 1 Full Bathroom

Schools

  • Princeton High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Community Details

Overview

  • 5 Units

Pet Policy

  • Pets up to 100 lbs
  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,985

Year Built

Built in 1867 | Remodeled in 2019

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Year Built: 1867
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Unit Floor Level: 2
  • Rehab Year: 2019
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2
  • Year Renovated: 2019

Interior Features

  • Basement: Full
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • LivingArea: 2250
  • Room Type: No additional rooms
  • Stories Total: 2
  • Estimated Total Finished Sq Ft: 0
  • Assessed Sq Ft: 0
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Estimated

Exterior Features

  • List Price: 330000
  • Waterfront: No
  • Exterior Building Type: Stone

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage On-Site: Yes
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • High School: Princeton High School
  • Middle/Junior School District: 115

Lot Info

  • Lot Dimensions: COMMON
  • Special Assessments: N

Rental Info

  • Board Number: 18
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 100

Tax Info

  • Tax Annual Amount: 5984.54
  • Tax Year: 2021

Multi Family

  • Units in Building: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2023
Closed on
May 9, 2024
Sold by
Cfc Properties Llc
Bought by
Kucherenko Nataliya
Seller's Agent
Amber Burress
A+ Real Estate LLC
Buyer's Agent
Oksana Melnchyn
Cambridge Realty LLC
List Price
$375,000
Sold Price
$323,000
Premium/Discount to List
-$52,000
-13.87%
Views
254
Current Estimated Value
$265,366

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$57,634
Avg. Annual Appreciation
-15.00%
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
Kucherenko Nataliya $323,000 None Listed On Document
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/17/2024 05/17/24 Sold $323,000 -2.1% $144 / Sq Ft
02/08/2024 02/08/24 Pending -- -- --
11/10/2023 11/10/23 Price Changed $330,000 -10.6% $147 / Sq Ft
10/03/2023 10/03/23 Price Changed $369,000 -1.6% $164 / Sq Ft
04/11/2023 04/11/23 For Sale $375,000 -- $167 / 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 $6,476 $82,257 $4,591 $77,666
2023 $6,476 $75,757 $4,228 $71,529
2022 $6,120 $71,027 $3,964 $67,063
2021 $5,985 $67,235 $3,752 $63,483
2020 $816 $64,774 $3,615 $61,159
2019 $816 $32,033 $3,572 $28,461
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11756205

Midwest Real Estate Data (MRED)

APN: 16-16-306-048