Closed

$220,000

5508 E Tank Farm Ln, Olney, IL 62450

4beds

1,950sqft

Single Family Residence

Built in 1957

5.3 Acres Lot

$257,900 Zestimate^®

$--/sqft

$1,651 Estimated rent

Home value

$257,900

$242,000 - $276,000

$1,651/mo

Zestimate^® history

Owner options

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$1,651/mo

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$1,651/mo

Rent Zestimate^®

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$1,552/mo

Est. payment

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$1,552/mo

Est. payment

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What's special

Fluorescent lightingSeparate circuit breakerFresh fruitMature treesMaster bathroomNew hvacElectric central air

Country living 7 miles from town! This 1950sqft home boasts 4 bedrooms and 2 full bathrooms on 5.3 acres. Relax and enjoy the country sunsets around the backyard fire pit or watch the sunrise with your coffee on the covered front porch. New HVAC (in 2022) offers electric central air in the summer and propane heat in the winter. A separate propane fed water heater in the master bathroom ensures that showers are always hot! Grow your own food with the possible greenhouse, mature trees provide fresh fruit (tart cherry, apple, pear, peach, and apricot) throughout the year. Pursue your hobbies or operate a small home business from the fully electric workshop that includes built in workbenches and fluorescent lighting. The workshop also includes electrical outlet for campers on a separate circuit breaker from the main line and is ready to hook up your air compressor!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2
Main level bedrooms: 4

Bedroom 1

Level: Main

Bedroom 2

Level: Main

Kitchen

Level: Main
Area: 182
Dimensions: 14 x 13

Living room

Level: Main
Area: 285
Dimensions: 19 x 15

Heating

Propane, Conventional, Propane Tank Rented

Cooling

Central Air

Appliances

Included: Refrigerator, Washer, Double Oven, Electric Oven, Electric Water Heater, Gas Water Heater
Laundry: Electric Dryer Hookup

Features

Ceiling Fan(s), Laminate Counters, Pantry
Flooring: Carpet, Laminate, Vinyl
Basement: Partial,Unfinished,Concrete
Has fireplace: No

Interior area

Total structure area: 2,450
Total interior livable area: 1,950 sqft
Finished area above ground: 1,950
Finished area below ground: 0

Property

Parking

Total spaces: 1.5
Parking features: Detached, Heated Garage, Gravel
Garage spaces: 1.5
Has uncovered spaces: Yes

Features

Levels: One
Stories: 1
Fencing: None

Lot

Size: 5.3 Acres
Features: Level, 3-5.9999, Rural

Details

Additional structures: Second Garage
Parcel number: 0612400006
Zoning: A1

Construction

Type & style

Home type: SingleFamily
Architectural style: Other
Property subtype: Single Family Residence

Materials

Vinyl Siding
Roof: Asphalt,Shingle

Condition

New construction: No
Year built: 1957

Utilities & green energy

Sewer: Private Sewer
Water: Public

Community & HOA

Community

Subdivision: None

Location

Region: Olney

Financial & listing details

Tax assessed value: $72,186
Annual tax amount: $4,254
Date on market: 4/16/2024
Listing terms: Cash,Conventional,FHA,USDA Loan

Price history

Date	Event	Price
4/15/2024	Sold	$220,000-12%
Source: IRMLS #202340788 Report a problem
2/5/2024	Pending sale	$249,900
Source: IRMLS #202340788 Report a problem
11/27/2023	Price change	$249,900-3.8%
Source: IRMLS #202340788 Report a problem
11/17/2023	Price change	$259,900-1.9%
Source: IRMLS #202340788 Report a problem
11/6/2023	Listed for sale	$264,900+65.6%
Source: IRMLS #202340788 Report a problem
7/3/2020	Sold	$160,000$82/sqft
Source: Agent Provided Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$4,254	$72,186 +8%
2023	--	$66,839 +30%
2022	$3,069 +1.7%	$51,408 +5%
2021	$3,019 +1.2%	$48,960 +2%
2020	$2,985 +51.2%	$48,000 +43.6%
2019	$1,974 +0.8%	$33,427
2018	$1,959 +0.7%	$33,427 +1%
2017	$1,946 +4.1%	$33,096 +5%
2016	$1,869 +3.6%	$31,520 +4%
2015	$1,805 +4.6%	$30,308 +2%
2014	$1,725 +14.1%	$29,714 +9.2%
2013	$1,511 +0.3%	$27,210
2011	$1,506 -0.2%	$27,210 -1%
2010	$1,510	$27,485