NOT LISTED FOR SALE

7724 Joliet Rd Peotone, IL 60468

240 Acres
-- Price per Acre
10,453,530 Sq Ft Lot

Last Sold May 07, 2024

Last sale price $3,250,000

327 Days on Market

About This Lot

As of May 2024

240 acres of vacant farmland for sale in Will County, IL. This property is a combination of three connecting parcels located just outside the city limits north of Peotone, IL. With an average Soil PI of 125.5, approximately 227.56 tillable acres, a large amount of road frontage/access, and close proximity to both a state highway and interstate, it is a prime location for continued agricultural use or possible redevelopment.

Last Agent to Sell the Property

Rex Stengele

Goodwin & Associates Real Estate LLC License #471003664 Listed on: 05/20/2023

Last Buyer's Agent

Mark Goodwin

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $6,758

Lot Details

  • 239.98 Acre Lot
  • Lot Dimensions are 2565x3948x2023x4237
  • Property fronts a county road
  • Additional Parcels
  • Property is zoned AGRIC

Farming

  • Farm

Property Details

Property Type

Land

Est. Annual Taxes

$6,758

Lot Details

0

Listing Details

  • Property Type: Farm
  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Agricultural
  • Road Surface Type: Asphalt
  • General Information: None
  • ResoPropertyType: Farm
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Frontage Length: 6300
  • Frontage Type: City Street, County Road
  • List Price: 3704500
  • Waterfront: No

Utilities

  • Utilities: Unknown (verify)

Schools

  • Middle/Junior School District: 207U

Lot Info

  • Additional Parcels Description: 1720131000070000,1720131000060000
  • Additional Parcels: Yes
  • Lot Size Acres: 239.98
  • Lot Dimensions: 2565X3948X2023X4237
  • Zoning: AGRIC
  • Lot Size: 100+ Acres
  • Special Assessments: U
  • Tillable Acreage: 227.56

Rental Info

  • Board Number: 20
  • Rental Price: 0

Building Info

  • Building(s) on Land: No

Tax Info

  • Tax Annual Amount: 6757.74
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2023
Closed on
Apr 30, 2024
Sold by
Trust Number Arc-1 and Clinton Carol A
Bought by
Iroquois Valley Farms Llc
Seller's Agent
Rex Stengele
Goodwin & Associates Real Estate LLC
Buyer's Agent
Mark Goodwin
List Price
$3,704,500
Sold Price
$3,250,000
Premium/Discount to List
-$454,500
-12.27%
Views
84

Purchase Details

Closed on
Feb 21, 2014
Sold by
Murry Roberta Clinton and Murry Raymond Clinton
Bought by
Murry Roberta Clinton and Murry Raymond Clinton
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Iroquois Valley Farms Llc $3,250,000 Fidelity National Title
Murry Roberta Clinton -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2024 05/07/24 Sold $3,250,000 -12.3% --
04/12/2024 04/12/24 Pending -- -- --
06/15/2023 06/15/23 For Sale $3,704,500 +14.0% --
05/22/2023 05/22/23 Off Market $3,250,000 -- --
05/20/2023 05/20/23 For Sale $3,704,500 -- --
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
2023 $5,268 $86,872 $86,872 $0
2022 $4,749 $78,792 $78,792 $0
2021 $4,509 $72,594 $72,594 $0
2020 $4,236 $65,578 $65,578 $0
2019 $4,121 $60,530 $60,530 $0
2018 $4,100 $55,987 $55,987 $0
2017 $3,819 $51,684 $51,684 $0
2016 $3,557 $48,450 $48,450 $0
2015 $2,941 $43,874 $43,874 $0
2014 $2,941 $41,551 $41,551 $0
2013 $2,941 $39,372 $39,372 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11788525

Midwest Real Estate Data (MRED)

APN: 20-13-300-001