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Philo 61864
502 Ridge Road
$208,750
● House - Off Market

502 Ridge Road

Philo, IL 61864
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,317 Ft²
$1,329
Est. Monthly
12.24%
Cap Rate

About This Property

Welcome to small-town charm in Philo! Built in 1994, this well-maintained three-bedroom home offers comfortable living in a community known for its excellent school system.  Step inside to a spacious living room with vaulted ceilings and a cozy corner fireplace, perfect for relaxing evenings. The open layout flows into the dining area and the galley-style kitchen, complete with all appliances. Just off the kitchen, you'll find a convenient laundry room with mechanicals nearby for easy access. The primary suite includes its own half bath and a walk-in closet, while the full hall bath and linen closet serve the additional bedrooms. Outside, enjoy a large pie-shaped lot with plenty of room to spread out, a deck for entertaining, and a handy storage shed.  Recent updates provide peace of mind, including a roof replaced about three years ago, a furnace installed approximately two years ago, and a newer washing machine. Tucked away on a quiet cul-de-sac, this home offers peace, privacy, and space to grow-all within minutes of Champaign-Urbana amenities.
Unit Size
1,317 Ft²
Days on Market
-
Land Size
-
Price per sqft
$161
Property Type
House
Property Taxes
$285
HOA Dues
-
Year Built
1994

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Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 2
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 5
  • Basement Area: 1,325
  • Garage Type: 1
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,489
  • Total Building Area: 3,090
  • Gross Building Area: 3,090
  • Building Area: 1,325
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,325
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SHIPLEY ESTATES UNIT 3
  • Land Acres: 0000000287
  • Standard Land Use Code: 1001
  • County Land Use Code: 0040
  • Legal Description 1: LOT 49 SHIPLEY ESTATES UNIT 3

Neighborhood

  • School District Name: Tolono Community Unit School District 7
  • School Tax School District: 101
  • Census Tract: 010901

Geography

  • District: 19
  • Parcel: 19-27-23-451-031
  • Lot: 49
  • Meridian: SEC 23 TWN 18N RNG 09E
  • Municipality: PHILO
  • Latitude: 39.9988
  • Longitude: -88.1509

    Address

  • Full Address: 502 Ridge Rd
  • Address - House Number: 502
  • Address - Street Name: Ridge
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Philo
  • Carrier Code: R001
  • 4-Digit Zip Code: 9626
  • Zip Code: 61864

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $307,910
  • Tax Rate Code Area: 1902

    Appraisal Valuation

  • Standard Deviation: 0.2099
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 71
  • Final Value: 223,832
  • High Value: 270,819
  • Low Value: 176,844

    Market Valuation

  • Market Total Value: $177,930
  • Market Land Value: $32,940
  • Market Improvement Value: $144,990

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $59,310
  • Assessed Land Value: $10,980
  • Assessed Improvements Value: $48,330

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 14, 2011
  • Current Sale Recording Date: Oct 26, 2011
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2011R22301
  • Previous Sale Recording Date: Jul 03, 2008
  • Previous Sale Contract Date: Jun 27, 2008
  • Previous Sale Amount: $133,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Philo


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Frequently Asked Questions

When was property at 502 Ridge Road built and last sold?
The property at 502 Ridge Road was built in 1994 and last sold on Oct 14, 2011 for $130,000.
How much is this home worth?
The estimated value of the home located at 502 Ridge Road is $0.
What are some comparable homes to 502 Ridge Road?
There are currently no comparable homes to 502 Ridge Road.