Have you been searching for the opportunity to own and customize a truly one of a kind home and property? 513 Matthews Lane may just be the one you've been waiting for! Nestled back on a private lane, ample yard space & fantastic location are the first surprises you will find. This home sits on .57 acres, & Included in the sale, an additional .48 acre parcel will TOTAL 1.05+/- acres of possibilities! This one owner home was custom built & lovingly designed to show off unique architectural features, offer an abundance of entertaining space, and presents the perfect blank canvas for a creative & capable new owner to transform and update to the vast potential it shows! Over 2600+ sqft finished this true 2 story offers 3 large bedrooms, 2 full & one half baths, massive entertaining areas on main level, loads of potential for the creative dreamer to refresh its original modern design and bring all your customized visions to life! New roof 2024, *Dishwasher does not work", Priced accordingly to conceptual renovations and updating Buyers will likely want to do. Home is being "Sold AS IS Only" Estate sale ( POA) * cash or Conventional loan type only. AS IS SALE. Possibilities are endless, opportunity is rare!
Closed
Listed by: Keller Williams Pinnacle • Mandy McGuire • 618-558-1350
Bought with: Strano & Associates
$361,000
513 Matthews Ln, Waterloo, IL 62298
3beds
3,114sqft
Single Family Residence
Built in 1985
1.05 Acres Lot
$423,300 Zestimate®
$116/sqft
$2,721 Estimated rent
Home value
$423,300
$398,000 - $453,000
$2,721/mo
Zestimate® history
Owner options
List your home for rent
$2,721/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$2,721/mo
Rent Zestimate®
Refinance and save
$2,502/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$2,502/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Mandy McGuire 618-558-1350,
Keller Williams Pinnacle
Bought with:
Karen Whelan, 475190485
Strano & Associates
Source: MARIS,MLS#: 25035615
Originating MLS: Southwestern Illinois Board of REALTORS
Originating MLS: Southwestern Illinois Board of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Primary bedroom
- Features: Floor Covering: Carpeting
- Level: Upper
- Area: 192
- Dimensions: 12x16
Bedroom
- Features: Floor Covering: Carpeting
- Level: Upper
- Area: 132
- Dimensions: 12x11
Bedroom
- Features: Floor Covering: Carpeting
- Level: Upper
- Area: 165
- Dimensions: 11x15
Primary bathroom
- Features: Floor Covering: Vinyl
- Level: Upper
- Area: 156
- Dimensions: 12x13
Bathroom
- Features: Floor Covering: Vinyl
- Level: Upper
- Area: 50
- Dimensions: 10x5
Dining room
- Features: Floor Covering: Carpeting
- Level: Main
- Area: 182
- Dimensions: 14x13
Family room
- Features: Floor Covering: Carpeting
- Level: Main
- Area: 324
- Dimensions: 18x18
Family room
- Features: Floor Covering: Carpeting
- Level: Lower
- Area: 494
- Dimensions: 38x13
Kitchen
- Features: Floor Covering: Vinyl
- Level: Main
- Area: 231
- Dimensions: 21x11
Laundry
- Level: Main
Living room
- Features: Floor Covering: Carpeting
- Level: Main
- Area: 352
- Dimensions: 22x16
Loft
- Features: Floor Covering: Carpeting
- Level: Upper
- Area: 132
- Dimensions: 11x12
Other
- Description: Foyer
- Features: Floor Covering: Ceramic Tile
- Level: Main
- Area: 144
- Dimensions: 16x9
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Range Hood, Electric Range
- Laundry: In Basement
Features
- Breakfast Room, Ceiling Fan(s), Chandelier, Custom Cabinetry, Eat-in Kitchen, Entrance Foyer, High Ceilings, Laminate Counters, Separate Dining, Separate Shower, Shower, Soaking Tub, Storage, Two Story Entrance Foyer, Vaulted Ceiling(s), Walk-In Closet(s)
- Flooring: Carpet, Linoleum
- Doors: Panel Door(s)
- Windows: Skylight(s)
- Basement: Concrete,Partially Finished,Full,Unfinished
- Number of fireplaces: 2
- Fireplace features: Bath, Family Room, Masonry, Master Bedroom, Wood Burning
Interior area
- Total structure area: 3,114
- Total interior livable area: 3,114 sqft
- Finished area above ground: 2,620
- Finished area below ground: 494
Property
Parking
- Total spaces: 2
- Parking features: Additional Parking, Asphalt, Attached, Driveway, Garage, Garage Door Opener, Garage Faces Front, Inside Entrance, Off Street, Private
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Levels: One and One Half
- Patio & porch: Deck, Front Porch, Porch
- Exterior features: Lighting, Private Yard
- Pool features: None
- Fencing: None
Lot
- Size: 1.05 Acres
- Dimensions: 125' x 200' x 125' x 200'
- Features: Back Yard, Few Trees, Front Yard, Level, Private
Details
- Parcel number: 0725381009000
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
- Attached to another structure: Yes
Materials
- Wood Siding
- Roof: Architectural Shingle
Condition
- New construction: No
- Year built: 1985
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Street Lights
- Subdivision: Pheasant Hill Sub
HOA
- Has HOA: No
Location
- Region: Waterloo
Financial & listing details
- Price per square foot: $116/sqft
- Tax assessed value: $337,080
- Annual tax amount: $4,950
- Date on market: 5/30/2025
- Cumulative days on market: 38 days
- Listing terms: Cash,Conventional
- Ownership: Private
- Road surface type: Chip And Seal
Price history
| Date | Event | Price |
|---|---|---|
| 7/7/2025 | Sold | $361,000+3.1%$116/sqft |
Source:  MARIS #25035615 Report a problem | ||
| 6/4/2025 | Contingent | $350,000$112/sqft |
Source: MARIS #25035615 Report a problem | ||
| 5/30/2025 | Listed for sale | $350,000$112/sqft |
Source: MARIS #25035615 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,656 -5.9% | $112,360 +25.3% |
| 2023 | $4,950 -2.9% | $89,660 -1.5% |
| 2022 | $5,100 | $91,030 +19.3% |
| 2021 | -- | $76,320 +6.9% |
| 2020 | -- | $71,410 -1.1% |
| 2019 | -- | $72,170 +0.5% |
| 2018 | $4,171 | $71,840 -2.8% |
| 2017 | $4,171 | $73,876 +1.1% |
| 2016 | $4,171 -9% | $73,100 -2.7% |
| 2015 | $4,584 +7.5% | $75,090 +3.2% |
| 2014 | $4,264 | $72,780 +2% |
| 2012 | $4,264 | $71,370 -2.4% |
| 2011 | -- | $73,130 -1% |
| 2010 | -- | $73,860 -4.1% |
| 2009 | -- | $77,010 |
| 2008 | -- | $77,010 -1% |
| 2007 | -- | $77,750 |
Find assessor info on the county website
Neighborhood: 62298
Nearby homes
- $249,5003 bd-- ba1.2k sqft515 Matthews Ln, Waterloo, IL 62298Off Market
- $285,7003 bd-- ba1.6k sqft511 Paul Dr, Waterloo, IL 62298Off Market
- $275,0003 bd-- ba1.5k sqft509 Paul Dr, Waterloo, IL 62298Sold
- $279,9003 bd-- ba1.6k sqft513 Paul Dr, Waterloo, IL 62298Off Market
- $273,7004 bd-- ba1.1k sqft507 Paul Dr, Waterloo, IL 62298Off Market
- $330,2004 bd-- ba1.8k sqft734 Lakeview Dr, Waterloo, IL 62298Off Market
- $355,7004 bd3 ba2.8k sqft515 Paul Dr, Waterloo, IL 62298Off Market
- $288,3003 bd-- ba1.1k sqft505 Paul Dr, Waterloo, IL 62298Off Market
Nearby schools
GreatSchools rating
- 6/10Gardner Elementary SchoolGrades: 4-5Distance: 1.1 mi
- 7/10Waterloo Junior High SchoolGrades: 6-8Distance: 1.2 mi
- 6/10Waterloo High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- Elementary: Waterloo Dist 5
- Middle: Waterloo Dist 5
- High: Waterloo
Source: MARIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$423,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$423,300
- Illinois
- Monroe County
- Waterloo
- 62298
- 513 Matthews Ln
