NOT LISTED FOR SALE

8988 E 850 Ln Mount Carmel, IL 62863

Estimated Value: $160,811 - $228,000

1 Bed
1 Bath
1,280 Sq Ft
$146/Sq Ft Est. Value

Last Sold August 08, 2025

Last sale price $181,000 $141 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $1,165/month

345 Days on Market

Highlights

  • Waterfront
  • 2 Car Attached Garage
  • Forced Air Heating and Cooling System
  • Partially Wooded Lot
  • 1-Story Property
  • Gas Log Fireplace

About This Home

As of August 2025

This home has been totally remodeled from top to bottom with only the top of the line material including granite counter tops, absolutely beautiful custom cabinets, engineered hardwood flooring that spans throughout most of the home, and Hardie siding. The open concept is ideal for entertaining with the amazing kitchen offering great bar seating. The relaxing sun-room with its cathedral ceiling makes for a great retreat. In the spacious bathroom you'll find ceramic tile flooring, a striking walk-in tile shower, and a lovely granite vanity top. The master bedroom offers tons of space and is accented by a brick gas log fireplace. The home hasn't only been cosmetically updated, but the big ticket items such as an updated architectural shingle roof in 2015, instant hot water system, and high efficiency Carrier furnace and air have all been upgraded. As if all of this wasn't enough, the home sits on just under 1.5 acres that is partially wooded and sits just a short distance from Beall Wood State Park. The Wabash River is located just at the back of the property with the property not being in a flood plain. Outside is both a welcoming covered front patio with ceiling fan as well as a rear deck. An enclosed carport with concrete floor allows for countless opportunities from storage, a workshop, or game area. The home is completed with its insulated 2 car Attached garage.

Last Agent to Sell the Property

Brandon Hodgson

DHI Realty Inc Brokerage Phone: 618-263-8622 Listed on: 08/16/2024

Last Buyer's Agent

SWIAR NonMember

NonMember SWIAR

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,531

Year Built

  • Built in 1992

Lot Details

  • 1.46 Acre Lot
  • Lot Dimensions are 132x528
  • Waterfront
  • Partially Wooded Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 1,280 Sq Ft Home
  • 1-Story Property
  • Gas Log Fireplace
  • Crawl Space

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Schools

  • Mt Carmel Elementary School
  • Mount Carmel Middle School
  • Mount Carmel High School

Utilities

  • Forced Air Heating and Cooling System
  • Propane
  • Septic System

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,531

Year Built

Built in 1992

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1992
  • Style: One Story
  • Bedrooms: 1
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: SEC/TWN/RNG/MER:SEC 14 TWN 2X RNG 13W N/2 LO1 FRACT SEC 14-2S-13W
  • Platted: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 1280
  • Total Finished Sq Ft: 1280
  • Above Grade Finished Sq Ft: 1280
  • Basement Foundation: Crawl
  • Number Of Fireplaces: 1
  • Fireplace: Gas Log
  • Fireplace: Yes
  • Living Great Room: Dimensions: 20x16, On Level: Main
  • Kitchen: Dimensions: 16x14, On Level: Main
  • Bedroom 1: Dimensions: 23x12, On Level: Main
  • Other Room1: Sunroom, Dimensions: 16x16
  • Number of Main Level Full Bathrooms: 1

Exterior Features

  • Exterior: Vinyl, Fiber Cement
  • Outbuilding1: None

Garage/Parking

  • Garage Type: Attached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 24x22
  • Garage: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Propane, Forced Air
  • Sewer: Septic
  • Water Utilities: Public

Schools

  • Elementary School: Mt Carmel

Lot Info

  • Lot Description: Partially Wooded, Waterfront
  • Lot Dimensions: 132X528
  • Estimated Lot Sq Ft: 63598
  • Estimated Lot Size Acres: 1.46

Tax Info

  • Annual Taxes: 1531

MLS Schools

  • High School: Mount Carmel
  • Middle School: Mount Carmel
  • School District: Wabash Community Unit School District 348

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 29, 2016
Bought by
Rhinehart Jack
Current Estimated Value
$187,203
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Rhinehart Jack $20,000 --
Rhinehart Jack L (Trustee) -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/08/2025 08/08/25 Sold $181,000 -4.7% $141 / Sq Ft
07/27/2025 07/27/25 Pending -- -- --
03/19/2025 03/19/25 Price Changed $189,900 -5.0% $148 / Sq Ft
08/16/2024 08/16/24 For Sale $199,900 -- $156 / Sq Ft
Source: Indiana Regional MLS

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 $2,589 $43,300 $3,960 $39,340
2022 $1,531 $35,680 $1,070 $34,610
2021 $1,458 $33,950 $1,020 $32,930
2020 $1,105 $32,870 $990 $31,880
2019 $1,209 $30,805 $930 $29,875
2018 $1,657 $28,635 $865 $27,770
2016 $1,666 $25,360 $925 $24,435
2015 $1,666 $25,360 $925 $24,435
2014 $1,643 $24,185 $890 $23,295
2013 $1,618 $24,185 $890 $23,295
2012 $1,720 $24,875 $915 $23,960
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202431346

Indiana Regional MLS

APN: 03-113-14-200-001