See Home Value
$475,315*
House - Off Market

505 Territory Dr

Galena, IL 61036
bedrooms
3 Beds
bathrooms
3 Baths
square feet
3240 Sqft
$405,000 - $493,000
Reference Base Price*
5.86%
Since Feb 1, 2023
National-US
Primary Model
Sold Jan 11, 2023
$449,000
Sold Sep 14, 2017
$145,000
$115,000 by Us Bk National Assn
Mortgage Due Oct 01, 2047

About This Property

Brand new flooring was just installed in this Galena Territory home offering a 3b/2b main house, a new detached 2 car garage w/ a studio apartment, & an adjoining buildable lot at 503 Territory Drive. Right from the start, the new driveway, expansive low-maintenance landscaping, & stone retaining wall call you home. Enter the main house to a vaulted entry w/ tile floors & a coat closet open to the second floor loft filled w/ natural light from abundant windows. Take four steps down to the sunken great room w/ vaulted ceilings full of windows, & a wood burning fireplace that opens to an expansive stone patio offering an outdoor kitchen. If you prefer to cook indoors, the spacious kitchen (new dishwasher & fridge) opens to the dining room & continues on to a four-season room.

The manager has listed the unit size as 3240 square feet.
Unit Size
3,240Ft²
Days on Market
-
Land Size
1.54 acres
Price per sqft
$139
Property Type
House
Property Taxes
$361
HOA Dues
-
Year Built
1988

Price History

Date / Event Date Event Price
Jan 12, 2023 No longer available -
No longer available
Jan 11, 2023 Sold to Steven M Forsythe $449,000
Sold to Steven M Forsythe
Oct 8, 2022 Listed $449,000
Listed
Sep 14, 2017 Sold to Amanda Marie Schulz, Dougla... $145,000
Sold to Amanda Marie Schulz, Dougla...
Jul 8, 2017 Listed $164,000
Listed

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 33,977
  • Total Building Area: 1,944
  • Gross Building Area: 1,944
  • Building Area: 1,944
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: THE GALENA TERRITORY EAGLE RIDGE
  • Land Acres: 0.78
  • Standard Land Use Code: Single family residential (assumed)
  • Legal Description 1: THE GALENA TERRITORY EAGLE RIDGE UNIT 19 LOT 7

Ownership

  • Current Owner : FORSYTHE STEVEN M
  • Previous Owner : WILKEN DOUGLAS J
  • Previous Owner 2: WILKEN AMANDA M
  • Owner Before Previous Owner: CUDDEN DAVID TRUST 93

Neighborhood

  • School District Name: River Ridge Community Unit School District 210
  • Census Tract: 020401

Geography

  • Parcel: 08-419-007-00
  • Lot: 7
  • Municipality: GUILFORD
  • Latitude: 42.3975
  • Longitude: -90.3234

    Address

  • Full Address: 505 Territory Dr
  • Legal Unit: 19
  • Address - House Number: 505
  • Address - Street Name: Territory
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Galena
  • Carrier Code: R002
  • 4-Digit Zip Code: 8658
  • Zip Code: 61036

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,682
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: 08004

    Appraisal Valuation

  • Standard Deviation: 0.1262
  • Valuation Date: Sep 27, 2023
  • Confidence Score: 85
  • Final Value: 433,623
  • High Value: 488,387
  • Low Value: 378,859

    Market Valuation

  • Market Total Value: $309,838
  • Market Land Value: $3,663
  • Market Improvement Value: $306,175

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $103,269
  • Assessed Land Value: $1,221
  • Assessed Improvements Value: $102,048

    Sales

  • Current Sale Contract Date: Jan 10, 2023
  • Current Sale Recording Date: Jan 11, 2023
  • Current Sale Transaction ID: 11912970551
  • Current Sale Price: $449,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Sep 14, 2017
  • Previous Sale Contract Date: Sep 13, 2017
  • Previous Sale Amount: $145,000
  • Previous Sale Document Type: Grant Deed

    Previous Mortgages

  • Previous Mortgage Lender: US BK NATIONAL ASSN
  • Previous Mortgage Transaction Date: Sep 14, 2017
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $115,000
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Oct 01, 2047



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
3 Baths
4,237 ft²
$106/ft²
$449,000 Mar 23, 2019
-
$10,050/mo
House
5 Beds
3.5 Baths
1,502 ft²
$299/ft²
$449,000 Jul 1, 2022
-
$1,608/mo

About The Galena Territory


Similar Homes for Sale

Unit for sale at 487 Territory Drive, GALENA, IL 61036

$449,000

  • 5 Beds
  • 3.5 Baths
  • 1,502 ft²
487 Territory Drive, GALENA, IL 61036 Listing by ERIC ANDERSON
Unit for sale at 453 Territory Drive, Galena, IL 61036

$449,000

  • 4 Beds
  • 3 Baths
  • 4,237 ft²
453 Territory Drive, Galena, IL 61036 Listing by ANDY KLEMMT

Nearby Rentals



Frequently Asked Questions

When was property at 505 Territory Drive built and last sold?
The property at 505 Territory Drive was built in 1988 and last sold on Jan 10, 2023 for $449,000.
How much is this home worth?
The estimated value of the home located at 505 Territory Drive is $462,173.
What are some comparable homes to 505 Territory Drive?
There are currently no comparable homes to 505 Territory Drive.

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