Seller's Agent in 2023
Laura Tomsa
Brummel Properties, Inc.
(630) 347-3207
5 in this area
66 Total Sales
8851 Finnie Rd Newark, IL 60541
Estimated Value: $700,000 - $1,205,132
5
Beds
4
Baths
4,000
Sq Ft
$238/Sq Ft
Est. Value
Highlights
- Additional Residence on Property
- Den
- <<doubleOvenToken>>
- 220 Acre Lot
- Breakfast Room
- Balcony
About This Home
As of April 2023The Will-o-Wick Estate in Kendall County is for sale for the first time in over 50 years. This working farm has 220+/- acres including 155 tillable, 53 pasture, 13 wooded with Fox River frontage and 7 including homes and barns and has been owned by only three families. Built in 1865, the main house needs some TLC to bring it back to its former glory. The pine is in expert condition with little, if any, knotting. The first floor has 10' feet ceilings throughout including a grand staircase in foyer, fireplace in a large family/gathering room and a truly formal dining room with original lighting. The parlor/den and an attached library have built-ins. The concentric hardwood floors were created by an expert cabinet maker during the Great Depression and are both unique and stunning. The kitchen has a 50's charm and a lovely breakfast nook with bay window. The laundry/mudroom is off the back door with a first floor powder room. There is a master bedroom addition on the first floor with his and her bathrooms and vintage lighting. Walk up the grand staircase to a large landing and step out onto a balcony that overlooks acres of pasture, woods and the Fox River. Upstairs includes four bedrooms and a full bath. There is a full basement as well. There are also two rental houses on the property. The first is a three bedroom, one and a half bath; the second is a studio home. There is a 3+ car garage, a tool shed, large main barn with chicken coop, corn crib, four silos plus a large confinement barn. Please note, the main house needs updating and repairs and could be brought back to a stunning mansion with the right buyer. The land is beautiful. The farmland is prosperous (we have soil descriptions, available upon request) the pastureland is slightly rolling and fertile. The wooded river area could be subdivided and sold similarly to the property to the west. This is truly an amazing Estate. *** POF or Pre-approval needed for showing to be scheduled with 24-48 hour notice. The rental houses will only be showed on 2nd showings. Please note the property is being sold as an estate and will not to be sub-divided. Property is being Sold AS-IS.
Last Agent to Sell the Property
Brummel Properties, Inc. License #471016446 Listed on: 12/30/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $17,249
Lot Details
- 220 Acre Lot
- Poultry Coop
- Additional Parcels
Parking
- 4 Car Detached Garage
- Gravel Driveway
- Parking Space is Owned
Home Design
- Combination Foundation
Interior Spaces
- 4,000 Sq Ft Home
- 2-Story Property
- Entrance Foyer
- Living Room
- Breakfast Room
- Formal Dining Room
- Den
- Library
- Unfinished Basement
- Basement Fills Entire Space Under The House
- Laundry Room
Kitchen
- <<doubleOvenToken>>
- Cooktop<<rangeHoodToken>>
- Dishwasher
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Potential Bedrooms
Outdoor Features
- Balcony
- Outbuilding
Additional Homes
- Additional Residence on Property
Farming
- Corn Crib Barn
- Grain Storage
Utilities
- No Cooling
- Heating System Uses Oil
- Well
- Private or Community Septic Tank
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 30, 2022
Closed on
Mar 17, 2023
Sold by
Will-O-Wick Farm Limited Partnership
Bought by
Balm Llc
Seller's Agent
Laura Tomsa
Brummel Properties, Inc.
Buyer's Agent
Cindy Heckelsberg
Coldwell Banker Real Estate Group
List Price
$2,400,000
Sold Price
$1,900,000
Premium/Discount to List
-$500,000
-20.83%
Views
92
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
-$947,434
Avg. Annual Appreciation
-26.94%
Purchase Details
Closed on
Mar 4, 2004
Sold by
Jarvis Hugh
Bought by
Will O Wick Farm Lp
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Balm Llc | $1,900,000 | Chicago Title | |
| Will O Wick Farm Lp | -- | Chicago Title Insurance Co |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/27/2023 04/27/23 | Sold | $1,900,000 | -20.8% | $475 / Sq Ft |
| 02/05/2023 02/05/23 | Pending | -- | -- | -- |
| 12/30/2022 12/30/22 | For Sale | $2,400,000 | -- | $600 / 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 |
|---|---|---|---|---|
| 2024 | $19,731 | $295,373 | $131,955 | $163,418 |
| 2023 | $17,952 | $273,665 | $122,067 | $151,598 |
| 2022 | $17,686 | $248,754 | $112,065 | $136,689 |
| 2021 | $16,874 | $234,927 | $104,659 | $130,268 |
| 2020 | $16,274 | $224,567 | $98,331 | $126,236 |
| 2019 | $16,096 | $216,432 | $92,834 | $123,598 |
| 2018 | $15,658 | $205,861 | $87,225 | $118,636 |
| 2017 | $15,523 | $198,492 | $82,578 | $115,914 |
| 2016 | $15,889 | $193,499 | $78,670 | $114,829 |
| 2015 | $16,189 | $190,209 | $75,380 | $114,829 |
| 2014 | -- | $185,136 | $71,630 | $113,506 |
| 2013 | -- | $179,418 | $78,905 | $100,513 |
Source: Public Records
Agents Affiliated with this Home
-
Laura Tomsa
-
Jack Dunholter
Seller Co-Listing Agent in 2023
Jack Dunholter
Brummel Properties, Inc.
(630) 369-9000
1 in this area
10 Total Sales
-
Cindy Heckelsberg
Buyer's Agent in 2023
Cindy Heckelsberg
Coldwell Banker Real Estate Group
(630) 253-2997
10 in this area
481 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11693088
APN: 04-18-300-001
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