727 E 500n Rd Gibson City, IL 60936
Estimated payment $1,461/month
Highlights
- Farmhouse Style Home
- Bonus Room
- Walk-In Closet
- GCMS High School Rated 9+
- Den
- Living Room
About This Home
Welcome to this spacious two-story farmhouse on 2 peaceful acres, just a couple miles east of Gibson City-offering the best of country living with easy access to town. With over 2,500 square feet of space, this home is full of original character, including beautiful woodwork, hardwood floors, and double-hinged doors in the dining and family rooms. The open staircase adds a warm focal point as you enter, and there's even a secondary staircase off the kitchen for added function and old-home charm. The main floor offers a remodeled kitchen, cozy living spaces, and a full bath for convenience. Upstairs, you'll find and a second full bathroom-perfect for a growing family, guests, or office/hobby space. The current owners have taken a lot of attention to Improvments since purchasing: New furnace, stove, and fridge in 2023, updated flooring in both upstairs bedrooms and bathroom, Plumbing replaced in upstairs bathroom, downstairs bathroom upgraded, extensive plaster work in the kitchen and front entry, light fixtures updated in both bathrooms and the front room, septic and water heater repairs completed in 2023, painting throughout, closet racks added, clean-up work done inside and out-land cleared on east side, fire pits removed/leveled, and the area behind the barn is in progress. Full-size fridge in the garage stays with the home. A charming front porch was added for relaxing evenings. Outside, the large 23.6' x 27.6' outbuilding offers endless possibilities for storage, workshop space, or hobbies. If you've been searching for a country home with space, updates already handled, and loads of potential to make it your own-this is it. Don't miss the opportunity to call this farmhouse your own!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,947
Year Built
- Built in 1920
Lot Details
- Lot Dimensions are 300x282
Parking
- 2 Parking Spaces
Home Design
- Farmhouse Style Home
Interior Spaces
- 2,401 Sq Ft Home
- 2-Story Property
- Entrance Foyer
- Family Room
- Living Room
- Dining Room
- Den
- Bonus Room
- Basement Fills Entire Space Under The House
- Laundry Room
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
- Walk-In Closet
- 2 Full Bathrooms
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Wood
- Heating System Uses Propane
- Well
- Septic Tank
Listing and Financial Details
- Other Tax Exemptions
Map
Home Values in the Area
Average Home Value in this Area
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 | $2,947 | $46,500 | $5,270 | $41,230 |
| 2023 | $2,947 | $41,300 | $4,680 | $36,620 |
| 2022 | $2,774 | $38,590 | $4,370 | $34,220 |
| 2021 | $2,812 | $37,100 | $4,200 | $32,900 |
| 2020 | $2,663 | $35,330 | $4,000 | $31,330 |
| 2019 | $2,736 | $35,330 | $4,000 | $31,330 |
| 2018 | $2,669 | $35,330 | $4,000 | $31,330 |
| 2017 | $2,784 | $30,160 | $4,090 | $26,070 |
| 2016 | $2,755 | $35,330 | $4,000 | $31,330 |
| 2015 | $2,692 | $35,330 | $4,000 | $31,330 |
| 2014 | $2,692 | $35,330 | $4,000 | $31,330 |
| 2013 | $2,582 | $35,330 | $4,000 | $31,330 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/04/2025 09/04/25 | Price Changed | $230,000 | -4.1% | $96 / Sq Ft |
| 07/18/2025 07/18/25 | Price Changed | $239,900 | -2.0% | $100 / Sq Ft |
| 06/19/2025 06/19/25 | For Sale | $244,900 | 0.0% | $102 / Sq Ft |
| 06/19/2025 06/19/25 | Price Changed | $244,900 | +8.8% | $102 / Sq Ft |
| 10/31/2024 10/31/24 | Sold | $225,000 | -10.0% | $89 / Sq Ft |
| 10/02/2024 10/02/24 | For Sale | $249,900 | +23.2% | $98 / Sq Ft |
| 06/01/2023 06/01/23 | Sold | $202,900 | -3.3% | $80 / Sq Ft |
| 05/02/2023 05/02/23 | Pending | -- | -- | -- |
| 04/29/2023 04/29/23 | Price Changed | $209,900 | -12.5% | $83 / Sq Ft |
| 11/08/2022 11/08/22 | Price Changed | $239,900 | -4.0% | $94 / Sq Ft |
| 10/28/2022 10/28/22 | For Sale | $249,900 | -- | $98 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $225,000 | None Listed On Document | |
| Warranty Deed | $225,000 | None Listed On Document | |
| Warranty Deed | $202,900 | None Listed On Document | |
| Warranty Deed | $106,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $213,750 | New Conventional | |
| Closed | $213,750 | New Conventional | |
| Previous Owner | $192,755 | New Conventional | |
| Previous Owner | $113,960 | FHA | |
| Previous Owner | $108,120 | No Value Available | |
| Previous Owner | $15,000 | No Value Available |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12385249
APN: 10-12-08-100-010
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