NOT LISTED FOR SALE

7584 Shirley Rd Cherry Valley, IL 61016

Estimated Value: $581,181

86 Acres
$6,758 Price per Acre
3,746,160 Sq Ft Lot

Last Sold April 01, 2021

Last sale price $505,000

Est. 15% increase in value since last sale

Current estimated payment $3,599/month

891 Days on Market

Highlights

  • River Front
  • 86 Acre Lot
  • Farm

About This Lot

As of April 2021

Farm land with two buildable lots off Shirley Road and river frontage on the parcel at the rear of the property. The lot lines are being redrawn to include a portion of Pin 1625301003. Subject to county approval, seller is currently working with a surveyor to have this done after harvest. Final survey will be provided at closing. Very productive ground. Leased for 2019 crop year. Possible land contract available or owner financing.

Last Agent to Sell the Property

Rebecca LeClaire

Century 21 Affiliated - Rockford License #475129147 Listed on: 08/28/2018

Century 21 Affiliated - Rockford

Co-Listed By

Jerry Fredrick

Century 21 Affiliated - Rockford License #471017932

Last Buyer's Agent

Tyler Heaslip

eXp Realty License #475191610

eXp Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,023

Lot Details

  • 86 Acre Lot
  • River Front
  • Additional Parcels
  • Property is zoned AGRIC

Additional Features

  • Farm
  • No Utilities

Property Details

Property Type

Land

Est. Annual Taxes

$1,023

Lot Details

0

Listing Details

  • Property Type: Farm
  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Agricultural
  • Road Surface Type: Asphalt
  • General Information: Flood Zone (Partial)
  • Actual Status: Closed
  • ResoPropertyType: Farm
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Single Family
  • Basement Bathrooms: No

Exterior Features

  • Frontage Type: Public Road
  • Waterfront: Yes

Garage/Parking

  • Number of Cars: 0

Utilities

  • Utilities: None

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 86
  • Lot Dimensions: 0
  • Zoning: AGRIC
  • Lot Size: 25.0-99.99 Acres
  • Special Assessments: U
  • Land Description: Level,Tillable

Rental Info

  • Rental Price: 0

Building Info

  • Building(s) on Land: No

Tax Info

  • Tax Annual Amount: 1022.74
  • Tax Year: 2018
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2018
Closed on
Apr 21, 2021
Sold by
Rhett Kee Thomas
Bought by
Thomas R Kee Trust
Seller's Agent
Rebecca LeClaire
Century 21 Affiliated - Rockford
Buyer's Agent
Tyler Heaslip
eXp Realty
List Price
$595,000
Sold Price
$505,000
Premium/Discount to List
-$90,000
-15.13%
Current Estimated Value
$581,181

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,181
Original Mortgage
$400,000
Interest Rate
3.99%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 28, 2018
Closed on
Mar 2, 2021
Sold by
Thomas R Kee Trust
Bought by
Nasrallah Rami and Nasrallah Jihan
Seller's Agent
Rebecca LeClaire
Century 21 Affiliated - Rockford
Buyer's Agent
Tyler Heaslip
eXp Realty
List Price
$595,000
Sold Price
$505,000
Premium/Discount to List
-$90,000
-15.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
3.99%
Mortgage Type
New Conventional
Source: Public Records
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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
Thomas R Kee Trust -- None Listed On Document
Nasrallah Rami $505,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nasrallah Rami $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/01/2021 04/01/21 Sold $505,000 -15.1% --
02/03/2021 02/03/21 Pending -- -- --
01/02/2021 01/02/21 For Sale $595,000 +17.8% --
12/31/2020 12/31/20 Off Market $505,000 -- --
06/01/2020 06/01/20 For Sale $595,000 +17.8% --
05/31/2020 05/31/20 Off Market $505,000 -- --
04/10/2019 04/10/19 Price Changed $595,000 -4.8% --
08/27/2018 08/27/18 For Sale $625,000 -- --
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
2021 $83 $866 $866 $0
2019 $68 $700 $700 $0
2018 $68 $627 $627 $0
2017 $32 $560 $560 $0
2016 $29 $501 $501 $0
2015 $26 $445 $445 $0
2014 $39 $407 $407 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10064984

Midwest Real Estate Data (MRED)

APN: 16-25-301-002