NOT LISTED FOR SALE

8251 N 5000w Rd Manteno, IL 60950

Estimated Value: $234,000 - $1,426,573

120 Acres
$6,919 Price per Acre
5,227,200 Sq Ft Lot

Last Sold December 14, 2020

Last sale price $900,000

Est. 8% decrease in value since last sale

Current estimated payment $4,964/month

322 Days on Market

About This Lot

As of December 2020

120 Acres on N.5000W Road in Kankakee County. The farm is just south of Deselm on a good blacktop road. This farm has the same ownership as the 277 acres in Wilton Township, Will County, Illinois. Combined the two farms total 397 acres. The PI for this 120 acres is 125.8 making it a strong class B farm. Open tenancy for 2020 crop season. Long term tenant in place and interested in working with new ownership.

Last Agent to Sell the Property

Rex Stengele

Goodwin & Associates Real Estate LLC License #471003664 Listed on: 11/19/2019

Last Buyer's Agent

Rex Stengele

Goodwin & Associates Real Estate LLC License #471003664 Listed on: 11/19/2019

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,276

Lot Details

Property Details

Property Type

Land

Est. Annual Taxes

$5,276

Lot Details

0

Listing Details

  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Agricultural/W Bldg
  • Potential Use: Agricultural/W Bldg, Estate, Residential-Estate, Residential-Single Family, Zoning Change Required
  • Utilities To Site: Electric to Site
  • Zoning Type: AGRIC
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Road Surface: Asphalt

Exterior Features

  • Lot Size: 100+ Acres
  • Acreage: 120
  • Frontage Access: County Road
  • Front Footage: 2583

Schools

  • School District: 5
  • High School: Manteno High School
  • Junior High Dist: 5

Lot Info

  • Lot Dimensions: 2583X1296X1303X1316X1338X2610
  • Parcel Identification Number: 04012130000100

Building Info

  • Building Improvements: Bldg/s No House, Machine Shed/s
  • Buildings On Land: Yes

Tax Info

  • Taxes: 3561.42

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 7, 2024
Sold by
Maia Deldun Farm Llc
Bought by
Ceres Farms Cropland Holdings Llc
Current Estimated Value
$830,287

Purchase Details

Listed on
Nov 19, 2019
Closed on
Dec 10, 2020
Sold by
Deldun Farms Llc
Bought by
Maia Deldun Farm Llc
Seller's Agent
Rex Stengele
Goodwin & Associates Real Estate LLC
Buyer's Agent
Rex Stengele
Goodwin & Associates Real Estate LLC
List Price
$1,008,000
Sold Price
$900,000
Premium/Discount to List
-$108,000
-10.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.73%
Original Mortgage
$1,487,500
Interest Rate
2.9%
Mortgage Type
New Conventional
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
Ceres Farms Cropland Holdings Llc $1,416,247 Security First Title
Maia Deldun Farm Llc $891,750 Security First Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Maia Deldun Farm Llc $1,487,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2020 12/14/20 Sold $900,000 -10.7% --
10/06/2020 10/06/20 Pending -- -- --
11/19/2019 11/19/19 For Sale $1,008,000 -- --
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
2024 $5,276 $63,110 $61,194 $1,916
2023 $5,208 $57,642 $55,726 $1,916
2022 $4,944 $52,673 $50,757 $1,916
2021 $4,568 $48,154 $46,238 $1,916
2020 $4,308 $44,046 $42,130 $1,916
2019 $3,976 $40,310 $38,394 $1,916
2018 $3,561 $36,917 $35,001 $1,916
2017 $3,243 $33,829 $31,913 $1,916
2016 $2,865 $31,025 $29,109 $1,916
2015 $2,585 $28,474 $26,558 $1,916
2014 $2,311 $26,686 $24,770 $1,916
2013 -- $24,435 $22,519 $1,916
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10577802

Midwest Real Estate Data (MRED)

APN: 04-01-21-300-001