NOT LISTED FOR SALE

8800 W Stuenkel Rd Frankfort, IL 60423

Estimated Value: $2,901,058

151.09 Acres
$19,201 Price per Acre
6,581,480 Sq Ft Lot

Last Sold December 28, 2020

Last sale price $1,419,400

Est. 104% increase in value since last sale

Current estimated payment $16,085/month

347 Days on Market

About This Lot

As of December 2020

Rolling farmland with excellent road frontage. Several old residential site plans have been drawn for this farm. Great opportunity for long term growth. Priced at $10,500 per acre. Corner of Stuenkel and 88th Ave.

Last Agent to Sell the Property

Rex Stengele

Goodwin & Associates Real Estate LLC License #471003664 Listed on: 11/21/2019

Last Buyer's Agent

James Begley

Exclusive Realtors License #475188733

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,334

Lot Details

Property Details

Property Type

Land

Est. Annual Taxes

$3,334

Lot Details

0

Listing Details

  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Agricultural/Land Only
  • Rental Price: 150
  • Rental Unit: Acres (Annual)
  • Utilities To Site: Electric to Site
  • Zoning Type: PUD
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Road Surface: Tar/Gravel

Exterior Features

  • Lot Size: 100+ Acres
  • Acreage: 151.09
  • Frontage Access: Township Road
  • Front Footage: 1955

Schools

  • School District: 207U
  • High School: Peotone High School
  • Junior High Dist: 207U

Lot Info

  • Lot Dimensions: 1955X2619
  • Parcel Identification Number: 1813034000030000

Tax Info

  • Taxes: 1766.08

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 21, 2019
Closed on
Dec 4, 2020
Sold by
First Bank Of Manhattan
Bought by
Begley Multistate Farms Llc
Seller's Agent
Rex Stengele
Goodwin & Associates Real Estate LLC
Buyer's Agent
James Begley
Exclusive Realtors
List Price
$1,585,500
Sold Price
$1,419,400
Premium/Discount to List
-$166,100
-10.48%
Current Estimated Value
$2,901,058

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,481,658
Avg. Annual Appreciation
16.21%

Purchase Details

Closed on
May 10, 2011
Sold by
Ibnk Leasing Corp
Bought by
First Bank Of Manhattan and Trust #723

Purchase Details

Closed on
Jan 12, 2010
Sold by
North Star Trust Company
Bought by
Ibnk Leasing Corp

Purchase Details

Closed on
Feb 2, 2006
Sold by
Outback Properties Ltd
Bought by
Prairie Bank & Trust and Trust #06-009

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,670,125
Interest Rate
1%
Mortgage Type
Purchase Money Mortgage
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
Begley Multistate Farms Llc $1,419,400 Fidelity National Title
First Bank Of Manhattan $1,359,000 Stewart Title Company
Ibnk Leasing Corp -- None Available
Prairie Bank & Trust $7,550,000 Millennium Title Group
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Prairie Bank & Trust $10,670,125
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2020 12/28/20 Sold $1,419,400 -10.5% --
11/02/2020 11/02/20 Pending -- -- --
06/10/2020 06/10/20 For Sale $1,585,500 +11.7% --
06/08/2020 06/08/20 Off Market $1,419,400 -- --
02/08/2020 02/08/20 Price Changed $1,585,500 -4.5% --
11/21/2019 11/21/19 For Sale $1,661,000 -- --
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
2023 $3,334 $49,227 $49,227 $0
2022 $2,769 $42,952 $42,952 $0
2021 $2,496 $37,248 $37,248 $0
2020 $2,193 $32,064 $32,064 $0
2019 $1,964 $27,348 $27,348 $0
2018 $1,766 $23,064 $23,064 $0
2017 $1,473 $19,168 $19,168 $0
2016 $1,207 $15,626 $15,626 $0
2015 $795 $12,405 $12,405 $0
2014 $795 $10,148 $10,148 $0
2013 $795 $9,222 $9,222 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10580006

Midwest Real Estate Data (MRED)

APN: 18-13-03-400-003