$820,099
$850,000
3.5%For more information regarding the value of a property, please contact us for a free consultation.
251 Sherman AVE Montgomery, IL 60538
3 Beds
2.5 Baths
3,750 SqFt
Key Details
Sold Price $820,099
Property Type Single Family Home
Sub Type Detached Single
Listing Status Sold
Purchase Type For Sale
Square Footage 3,750 sqft
Price per Sqft $218
MLS Listing ID 11990858
Sold Date 06/11/24
Bedrooms 3
Full Baths 2
Half Baths 1
Year Built 1958
Annual Tax Amount $21,310
Tax Year 2022
Lot Size 13.360 Acres
Lot Dimensions 409X1370X426X1483
Property Description
This 3 bedroom, 2 1/2 bath, with approx. 3750sf home of above grade living space sits on 13+ prime acres of well manicured grounds with mature trees throughout offering a unique opportunity to make this your own residence or purchase as an investment. The property is currently zoned R-1 for possible subdividing for a roughly 30 SFH development. Sellers attorney is in discussions with city for re-zoning consideration for multi family or assisted living facility. Prospective buyers do your due diligence. Note that the inlay lot currently brings in roughly $2500/month in rental income from the primary residence and rental of garages and barn (this is well under market value) creating an outstanding buy and hold opportunity. North frontage is 409.72' on Sherman Ave, east is 1370.60', south is 426.31' on Montgomery Road and west is 1483.61'. Note that water line is 8", sewer line is 30" and storm sewer line is 24" all along Sherman Ave. DO NOT DISTURB TENANTS. APPOINTMENT REQUIRED.
Location
State IL
County Kane
Area Montgomery
Rooms
Basement Partial
Interior
Heating Natural Gas
Cooling Central Air
Fireplaces Number 4
Fireplace Y
Exterior
Exterior Feature Deck, Patio, In Ground Pool
Parking Features Attached, Detached
Garage Spaces 8.0
Community Features Pool
Building
Sewer Septic-Private
Water Public
New Construction false
Schools
School District 129 , 129, 129
Others
HOA Fee Include None
Ownership Fee Simple
Special Listing Condition None
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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Leigh Anne Scoughton • HomeSmart Realty Group
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