NOT LISTED FOR SALE

7575 E 2550 Rd N Cornell, IL 61319

Estimated Value: $382,426

15 Acres
$24,849 Price per Acre
670,388 Sq Ft Lot

Last Sold October 30, 2023

Last sale price $350,000

Est. 9% increase in value since last sale

Current estimated payment $2,471/month

20 Days on Market

About This Lot

As of October 2023

Great opportunity for you to open a business, store your equipment, your play toys or lease the buildings, and keep the pond for your personal use! There are 15.39 acres with an 8.08-acre pond, (formerly Valley View Trucking's shop), 3 connected shop buildings with a total of 9,147 square feet under roof with a 672 square foot office connected to the shop area and a 7080 square foot shed.

Last Agent to Sell the Property

Terrance Sullivan

Lyons Sullivan Realty Inc License #471000082 Listed on: 06/02/2023

Last Buyer's Agent

Terrance Sullivan

Lyons Sullivan Realty Inc License #471000082 Listed on: 06/02/2023

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,096

Lot Details

  • 15.39 Acre Lot
  • Lot Dimensions are 680x1561x501x1108
  • Property fronts a state road
  • Property is zoned AGRIC

Parking

  • Gravel Driveway

Outdoor Features

  • Pole Barn
  • Wood or Metal Shed

Location

  • Outside City Limits

Schools

  • Cornell Elementary School
  • Flanagan-Cornell High School

Utilities

  • Heating System Uses Natural Gas
  • Heating System Uses Propane
  • Electricity To Lot Line
  • Gas Available
  • Private Company Owned Well
  • Shared Well
  • Private or Community Septic Tank

Property Details

Property Type

Land

Est. Annual Taxes

$4,096

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Commercial, Recreational
  • Road Surface Type: Asphalt
  • Subdivision Name: Not Applicable
  • General Information: School Bus Service
  • ResoPropertyType: Land
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Commercial, Legal Non Conforming, Non Conforming, Recreational, Special Use, Other
  • Basement Bathrooms: No

Exterior Features

  • Frontage Length: 680
  • Frontage Type: State Road
  • List Price: 399900
  • OtherStructures: Complete Set of Bldgs, Metal Building(s), Pole Building
  • Waterfront: No
  • Rail Availability: None

Garage/Parking

  • Number of Cars: 0
  • Driveway: Gravel

Utilities

  • Heating: Natural Gas, Propane
  • Utilities: Electric to Site, Gas to Site, Septic-Private, Well Private, Well-Shared

Schools

  • Elementary School: Cornell Elementary School
  • High School: Flanagan-Cornell High School
  • Middle/Junior School: Cornell Elementary School
  • Middle/Junior School District: 426

Lot Info

  • Lot Size Acres: 15.39
  • Lot Dimensions: 680X1561X501X1108
  • Zoning: AGRIC
  • Lot Size: 10.0-24.99 Acres
  • Special Assessments: N
  • Land Amenities: Pond/Lake
  • Estimated Land Sq Ft: 770388
  • Land Description: Pond/Lake

Rental Info

  • Board Number: 23

Building Info

  • Building(s) on Land: Yes

Tax Info

  • Tax Annual Amount: 4096.14
  • Tax Year: 2021
  • Tax Exemptions: None

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2023 10/30/23 Sold $350,000 -12.5% --
06/23/2023 06/23/23 Pending -- -- --
06/02/2023 06/02/23 For Sale $399,900 -- --
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 $4,524 $59,775 $898 $58,877
2023 $8,797 $108,831 $35,375 $73,456
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11797881

Midwest Real Estate Data (MRED)

APN: 08-08-08-400-024