863 Richards Rd Compton, IL 61318
Estimated Value: $225,753 - $278,000
1
Bed
2
Baths
1,285
Sq Ft
$195/Sq Ft
Est. Value
Highlights
- Additional Residence on Property
- Horses Allowed On Property
- Landscaped Professionally
- Barn
- 5.69 Acre Lot
- Wooded Lot
About This Home
As of October 2017DRAMATIC PRICE DROP! This is an amazing property. 5.69 Acres with a 1-2 bedroom beautifully decorated cottage and another flexible building that can be a shop and guest house, or shop and horse stable. This heavily wood property has walking/riding trails that lead to pasture and pond belonging to the neighbor. The house built in 1997 has been renovated and a porch/family room added. The grounds are landscaped with vegetable and flower gardens and two charming chicken houses. 1 for the roosters and 1 for the hens. The property sits on what was the small town of Melugin's Grove and the plat shows the lots as they once existed. This would be an ideal get away spot, or a home for someone who wants to be close to amenities, but be in the woods (many black walnuts!.) The outbuilding was at one time a stable for two horses and can be returned to that use. The current owner started to convert it to a guest house and most of the work has been done. Quiet, secluded, laid back living.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,949
Year Built
- Built in 1997 | Remodeled in 2013
Lot Details
- 5.69 Acre Lot
- Lot Dimensions are 310x213x288x520x800x267x520x289
- Landscaped Professionally
- Wooded Lot
Parking
- 1 Car Detached Garage
- Garage Transmitter
- Garage Door Opener
- Parking Space is Owned
Home Design
- Cottage
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 1,285 Sq Ft Home
- 1-Story Property
- Vaulted Ceiling
- Combination Dining and Living Room
- Den
- Bonus Room
- Crawl Space
- Storm Screens
Kitchen
- Range with Range Hood
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Potential Bedroom
- In-Law or Guest Suite
- Bathroom on Main Level
- 2 Full Bathrooms
- Garden Bath
- Separate Shower
Laundry
- Laundry on main level
- Dryer
- Washer
Outdoor Features
- Patio
- Porch
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Propane
- Well
- Private or Community Septic Tank
Additional Features
- Additional Residence on Property
- Barn
- Horses Allowed On Property
Community Details
- Horse Trails
Listing and Financial Details
- Homeowner Tax Exemptions
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 19, 2017
Closed on
Sep 27, 2017
Sold by
Mcginnis Richard R
Bought by
Diaz Manuela and Carrillo Manuela
Seller's Agent
Mary Rita Nelson
O'Neil Property Group, LLC
Buyer's Agent
Mary Rita Nelson
O'Neil Property Group, LLC
List Price
$175,000
Sold Price
$148,000
Premium/Discount to List
-$27,000
-15.43%
Total Days on Market
38
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$102,938
Avg. Annual Appreciation
7.26%
Purchase Details
Closed on
Jun 3, 2017
Sold by
Muncy Janet and Muncy Ted
Bought by
Mcginnis Richard R
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Similar Home in Compton, IL
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Diaz Manuela | $148,000 | -- | |
| Mcginnis Richard R | $75,000 | -- |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/04/2017 10/04/17 | Sold | $148,000 | -1.3% | $115 / Sq Ft |
| 08/26/2017 08/26/17 | Pending | -- | -- | -- |
| 08/16/2017 08/16/17 | Price Changed | $150,000 | -14.3% | $117 / Sq Ft |
| 07/26/2017 07/26/17 | For Sale | $175,000 | 0.0% | $136 / Sq Ft |
| 07/22/2017 07/22/17 | Pending | -- | -- | -- |
| 07/19/2017 07/19/17 | For Sale | $175,000 | -- | $136 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $4,497 | $61,573 | $27,493 | $34,080 |
| 2022 | $4,135 | $56,136 | $16,732 | $39,404 |
| 2021 | $3,846 | $51,978 | $15,493 | $36,485 |
| 2020 | $3,695 | $50,464 | $15,042 | $35,422 |
| 2019 | $3,611 | $48,994 | $14,604 | $34,390 |
| 2018 | $2,144 | $34,275 | $15,941 | $18,334 |
| 2017 | $2,412 | $33,277 | $15,477 | $17,800 |
| 2016 | $1,949 | $33,277 | $15,477 | $17,800 |
| 2015 | $2,214 | $33,277 | $15,477 | $17,800 |
| 2014 | $3,192 | $46,450 | $23,330 | $23,120 |
Source: Public Records
Agents Affiliated with this Home
-
Mary Rita Nelson
Seller's Agent in 2017
Mary Rita Nelson
O'Neil Property Group, LLC
(815) 748-4663
62 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 09695569
APN: 05-17-03-200-037
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