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Off market
  • $392,000

    401 SW Water St Unit 502, Peoria, IL 61602

    2beds
    3,480sqft
    Condo
    Built in 2000
    -- sqft lot
    $392,000 Zestimate®
    $113/sqft
    $2,201 Estimated rent

    Home value

    $392,000

    $357,000 - $427,000

    $2,201/mo

    Zestimate® history
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    $3,228/mo

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    $3,228/mo

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    What's special

    * HOA subsidy incentive w/ acceptable offer * Industrial downtown living in this premier 5th floor loft featuring 3 viewing balconies & loads of picture windows overlooking Peoria city skyline & IL River. Offering over 3,400 sq. ft. of living space boasting original hardwood flooring, exposed brick walls & open living, dining, kitchen space. The large master includes a huge walk-in closet & luxurious bath. 2 entry doors for convenience & in-unit laundry. Walk to museums, symphony, civic functions, restaurants, or just enjoy Café 401 located in the lobby. Note: Priced $124k BELOW assessed value! New owner can enjoy atleast a $6,000+ reduction in real estate taxes!

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Forced air, Electric
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Dryer, Microwave, Range / Oven, Refrigerator, Washer
    Features
    • Flooring: Hardwood
    Interior area
    • Total interior livable area: 3,480 sqft

    Property

    Features
    • Exterior features: Brick
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    Details
    • Parcel number: 18/09/412/020

    Construction

    Type & style
    • Home type: Condo
    Materials
    • Roof: Other
    Condition
    • Year built: 2000

    Community & HOA

    HOA
    • Has HOA: Yes
    • Services included: Ext/Cmn Area Rpr & Maint, Insurance/Common Area, Insurance/Structure, Trash Collection, Taxes/Common Area, Security
    • HOA fee: $297 monthly
    Location
    • Region: Peoria

    Financial & listing details

    • Price per square foot: $113/sqft
    • Tax assessed value: $415,830
    • Annual tax amount: $11,904

    Price history

    DateEventPrice
    4/7/2020Sold$358,000-8%$103/sqft
    Source: Public Record Report a problem
    4/16/2019Price change$389,000-18.1%$112/sqft
    Source: Coldwell Banker The Real Estate Group #1198390 Report a problem
    9/18/2018Listed for sale$475,000-13.6%$136/sqft
    Source: Coldwell Banker The Real Estate Group #1198390 Report a problem
    9/16/2011Listing removed$549,900$158/sqft
    Source: Honig Realty Inc (dba Coldwell Banker Honig-Bell) #1114085 Report a problem
    5/6/2011Price change$549,900-6.8%$158/sqft
    Source: Honig Realty Inc (dba Coldwell Banker Honig-Bell) #1114085 Report a problem
    6/12/2010Price change$589,900-3.1%$170/sqft
    Source: Visual Tour #1114085 Report a problem
    4/4/2010Price change$609,000-2.6%$175/sqft
    Source: Visual Tour #1114085 Report a problem
    1/10/2010Listed for sale$625,000+10.6%$180/sqft
    Source: Visual Tour #1114085 Report a problem
    2/7/2007Sold$565,000$162/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$11,904 +5.3%$138,610 +9%
    2023$11,306 -7.1%$127,170 +0.8%
    2022$12,172 +1.9%$126,190 +5%
    2021$11,948 +0.2%$120,180 +1%
    2020$11,923 -7.7%$118,990 -8.2%
    2019$12,918 -18.8%$129,670 -23.5%
    2018$15,917 0%$169,430 -1%
    2017$15,920 +0.8%$171,140
    2016$15,802 +2.2%$171,140 +2%
    2015$15,466 +0.6%$167,790 -3%
    2014$15,378 0%$173,050 -1.2%
    2013$15,385 -2.4%$175,150 -4.8%
    2011$15,756 $184,060 +1%
    2010-- $182,320 +0.4%
    2009$15,374 +6%$181,600 +2%
    2008$14,505 +8.5%$178,040 +7.9%
    2007$13,373 +3.6%$164,990 +3.2%
    2006$12,912 +5%$159,890 +2.4%
    2005$12,302 $156,100
    Find assessor info on the county website

    Neighborhood: Downtown Peoria

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Roosevelt Magnet
    • Middle: Lincoln
    • High: Manual

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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