NOT LISTED FOR SALE

8949 Olson Rd Belvidere, IL 61008

Estimated Value: $588,000 - $733,000

4 Beds
3.5 Baths
4,408 Sq Ft
$149/Sq Ft Est. Value

Last Sold January 27, 2023

Last sale price $510,000 $116 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $4,571/month

51 Days on Market

Highlights

  • 4 Acre Lot
  • Living Room
  • Entrance Foyer
  • Recreation Room
  • Laundry Room
  • Forced Air Heating and Cooling System

About This Home

As of January 2023

Stately ALL BRICK 2 story home situated on 4 gorgeous wooded acres-located in the highly sought-after Belvidere North school district! This home also features approximately 4,400 square feet of living space, full walk-out lower-level exposure, towering trees, 4 car garage, EXCEPTIONAL custom woodwork, impressive and elegant entry at street. Other features include: Grabill hickory kitchen cabinets, incredibly beautiful woodwork surrounding family room fireplace, gracious and spacious formal dining room, master suite with ample closet space, whirlpool tub and separate shower. Lower level features nice size rec room, kitchenette, dressing area and full bath and more! Sprawling deck and patio overlooking private rear yard-great for entertaining! Roof new in 2020. Driveway new in 2020.

Last Agent to Sell the Property

Eric Pritz

Century 21 Affiliated License #475162369 Listed on: 10/12/2022

Century 21 Affiliated

Last Buyer's Agent

Non Member

NON MEMBER

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,431

Year Built

  • Built in 1988

Lot Details

  • 4 Acre Lot
  • Lot Dimensions are 250x664.07x250x697.08

Parking

  • 4 Car Garage
  • Parking Space is Owned

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 4,408 Sq Ft Home
  • 2-Story Property
  • Entrance Foyer
  • Family Room
  • Living Room
  • Dining Room
  • Recreation Room

Kitchen

  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom

Schools

  • Seth Whitman Elementary School
  • Belvidere Central Middle School
  • Belvidere North High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Well
  • Private or Community Septic Tank

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,431

Year Built

Built in 1988

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 1988
  • Age: 31-40 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Microwave, Dishwasher, Refrigerator, Washer, Dryer, Cooktop, Built-In Oven
  • Basement: Full
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4
  • Total Bedrooms: 4
  • LivingArea: 4408
  • Room Type: Recreation Room, Foyer
  • Estimated Total Finished Sq Ft: 4408
  • Basement Description: Finished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 4408
  • Total Sq Ft: 4408
  • Main Level Sq Ft: 3408
  • Lower Level Sq Ft: 1000
  • ResoLivingAreaSource: Estimated

Exterior Features

  • List Price: 550000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 4
  • Number of Cars: 4
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached,Detached
  • Parking: Garage

Utilities

  • Sewer: Septic-Private
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Water Source: Private Well

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Seth Whitman Elementary School
  • High School: Belvidere North High School
  • Middle/Junior School: Belvidere Central Middle School
  • Middle/Junior School District: 100

Lot Info

  • Lot Size Acres: 4
  • Lot Dimensions: 250X664.07X250X697.08
  • Lot Size: 4.0-4.99 Acres
  • Special Assessments: N

Tax Info

  • Tax Annual Amount: 11431.18
  • Tax Year: 2021
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2022
Closed on
Dec 23, 2022
Sold by
Altamore Albert A Trust
Bought by
Zito Salvatore P
Seller's Agent
Eric Pritz
Century 21 Affiliated
Buyer's Agent
Non Member
NON MEMBER
List Price
$550,000
Sold Price
$510,000
Premium/Discount to List
-$40,000
-7.27%
Views
77
Current Estimated Value
$657,224

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$147,224
Avg. Annual Appreciation
9.81%
Original Mortgage
$484,500
Outstanding Balance
$467,606
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$189,618

Purchase Details

Closed on
Sep 23, 2009
Bought by
Altamore Albert A Tr 2009
Source: Public Records

Range of Values:

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Average Value
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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
Zito Salvatore P $510,000 Title Underwriters Agency
Altamore Albert A Tr 2009 -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zito Salvatore P $484,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/27/2023 01/27/23 Sold $510,000 -7.3% $116 / Sq Ft
12/03/2022 12/03/22 Pending -- -- --
10/12/2022 10/12/22 For Sale $550,000 -- $125 / Sq Ft
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 $13,163 $177,997 $28,200 $149,797
2023 $13,163 $158,930 $28,200 $130,730
2022 $11,654 $137,174 $28,200 $108,974
2021 $11,431 $134,475 $28,200 $106,275
2020 $11,234 $124,729 $28,200 $96,529
2019 $11,278 $122,998 $28,200 $94,798
2018 $11,285 $373,688 $284,205 $89,483
2017 $10,909 $119,624 $28,665 $90,959
2016 $10,914 $114,643 $28,482 $86,161
2015 $10,824 $110,148 $40,833 $69,315
2014 $17,898 $110,010 $40,833 $69,177
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11650484

Midwest Real Estate Data (MRED)

APN: 05-20-101-001