542 S  Water St, Wilmington, IL 60481
FOR SALE1 ACRE

542 S Water St
Wilmington, IL 60481

  • 4 Beds
  • 3 Baths
  • 2,600 sqft (on 1 acre)
  • 4 Beds
  • 3 Baths
  • 2,600 sqft (on 1 acre)

$329,900

Est. Mortgage $2,436/mo*

Local Information

map showing home location
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-- mins to
Commute Destination

Description

GREAT AIRBNB POTENTIAL!!! Nestled in a tranquil setting, this sturdy yet customizable home awaits your personal touch. Offering 4 bedrooms and 3 bathrooms, this Cape Cod residence boasts 1 1/4 acres of land with captivating river views and a custom-built boat dock. Enjoy leisurely moments on the covered back patio or entertain in the finished basement equipped with a bar and fireplace, as well as a second kitchen. Ample storage options, including a workshop and attic, cater to your organizational needs. The first floor spans an estimated 1400 square feet, the second floor approximately 1200 square feet, and the finished basement around 1000 square feet, totaling an estimated 3600 square feet of living space. Enhance your outdoor experience with a 16'x32' semi in-ground pool (requiring some attention). Adding to its appeal, a brand-new roof, installed in December 2023 with a complete tear-off and reshingle, ensures peace of mind. Embrace the potential of this riverside retreat, offering both serenity and opportunity.

Home Highlights

Parking
Open Parking
Outdoor
Patio
A/C
Heating & Cooling
HOA
None
Price/Sqft
$127
Listed
56 days ago

Home Details for 542 S Water St

Active Status

MLS Status: Active

Interior Features

Interior Details
Basement: PartialNumber of Rooms: 10Types of Rooms: Work Room, Living Room, Master Bedroom, Bedroom 4, Kitchen, Storage, Bedroom 2, Bedroom 3, Family Room, Dining Room, Laundry, Kitchen 2 Nd
Beds & Baths
Number of Bedrooms: 4Number of Bathrooms: 3Number of Bathrooms (full): 3
Dimensions and Layout
Living Area: 2600 Square Feet
Appliances & Utilities
Appliances: Range, Dishwasher, Refrigerator, Washer, DryerDishwasherDryerRefrigeratorWasher
Heating & Cooling
Heating: Natural Gas,Electric,Baseboard,RadiantHas CoolingAir Conditioning: Window/Wall Units - 3+Has HeatingHeating Fuel: Natural Gas
Fireplace & Spa
Number of Fireplaces: 1Fireplace: Wood Burning, Family Room, BasementHas a FireplaceNo Spa
Windows, Doors, Floors & Walls
Flooring: Hardwood, Some Carpeting, Some Wood Floors
Levels, Entrance, & Accessibility
Stories: 2Accessibility: No Disability AccessFloors: Hardwood, Some Carpeting, Some Wood Floors

Exterior Features

Exterior Home Features
Roof: SlatePatio / Porch: PatioOther Structures: Shed(s), WorkshopFoundation: Concrete Perimeter
Parking & Garage
Other Parking: Driveway (Concrete)Has Open ParkingParking Spaces: 2Parking: Off Street
Frontage
WaterfrontWaterfront: River FrontOn Waterfront
Water & Sewer
Sewer: Public Sewer
Finished Area
Finished Area (below surface): 1000 Square Feet

Days on Market

Days on Market: 56

Property Information

Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Cape Cod
Building
Construction Materials: CedarNot a New ConstructionNo Additional Parcels
Property Information
Parcel Number: 0317361110080000

Price & Status

Price
List Price: $329,900Price Per Sqft: $127
Status Change & Dates
Possession Timing: Close Of Escrow

Location

Direction & Address
City: Wilmington
School Information
Elementary School District: 209UJr High / Middle School District: 209UHigh School District: 209U

Agent Information

Listing Agent
Listing ID: 11994612

Building

Building Area
Building Area: 3600 Square Feet

Community

Community Features: Sidewalks, Street Lights, Street Paved

HOA

HOA Fee Includes: None

Lot Information

Lot Area: 1 Acres

Listing Info

Special Conditions: None

Compensation

Buyer Agency Commission: 2.5% -295Buyer Agency Commission Type: See Remarks:
Notes
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed

Business

Business Information
Ownership: Fee Simple

Miscellaneous

BasementMls Number: 11994612

Additional Information

SidewalksStreet LightsStreet PavedMlg Can ViewMlg Can Use: IDX
Last check for updates: about 16 hours ago
Listing courtesy of: Sarah Eenigenburg, (815) 549-7180
RE/MAX Executives
Source: MRED as distributed by MLS GRID, MLS#11994612

Price History for 542 S Water St

DatePriceEventSource
03/02/2024$329,900Listed For SaleMRED as distributed by MLS GRID #11994612
02/23/2024ListingRemovedMRED as distributed by MLS GRID #11855779
10/24/2023$329,900PriceChange
MRED as distributed by MLS GRID #11855779
09/25/2023$339,900PriceChange
MRED as distributed by MLS GRID #11855779
09/07/2023$345,000PriceChange
MRED as distributed by MLS GRID #11855779
08/10/2023$350,000Listed For SaleMRED as distributed by MLS GRID #11855779

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Property Taxes and Assessment

Year2022
Tax$5,631
Assessment$257,664
Home facts updated by county records

Comparable Sales for 542 S Water St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.17
Single-Family Home
$87,000
04/15/24
4
2
2,400
0.51
Single-Family Home
$115,000
09/25/23
3
4
1,900
0.43
Single-Family Home
$200,000
03/01/24
4
3
2,065
0.36
Single-Family Home
$215,000
10/09/23
4
2
2,200
0.97
Single-Family Home
$415,000
12/29/23
4
3
2,400
0.19
Single-Family Home
$240,000
02/07/24
4
2
1,167
0.53
Single-Family Home
$249,000
09/27/23
4
2
1,850
0.66
Single-Family Home
$344,400
11/17/23
3
2
1,600
0.62
Single-Family Home
$369,000
05/08/23
3
2
2,300
0.30
Single-Family Home
$185,000
01/26/24
3
1
1,688

What Locals Say about Wilmington

  • Anthony T.
    "I live in this area pretty nice to live in but the neighbors are kind of nosy but overall not a bad place to live"
    1
    Flag
  • Rebeccannbush
    "Some people in this neighborhood let there dogs run free. Alot of stay cats are in the neighborhood, as well as raccoons and skunks. "
    6
    Flag
  • Colemarsh22
    "Need a car to commute to anywhere. No train or bus stations located in town or nearby. Can walk in town for access to things"
    1
    Flag
  • Terryfratti
    "Commute to city is long and very busy but do not go that way much I like living in small town with no public transportation."
    1
    Flag
  • Conversegirlie
    "People tend to walk their dogs a lot during the day, but dogs aren’t allowed at the apartment building"
    0
    Flag
  • hanp86
    "i have lived here for 11yrs and seen so much drugs and alcoholism in this town. the theft rate is so high, the herion use is one of the highest in all the local towns. the schools are the worst for learning or sports. just look around and you can see for your self, ask local people from coalcity they will tell you the same. theres a bar on every corner in town, do you want your kids to grow up in that. look at the locals they are filthy 60% of the people here dont work they sell drugs or on welfare. I wont be here very much longer iam moving in the next 6 months out of this town. people do your research. i tell everybody i come intact with about this town as much as i can. good luck."
    13
    Flag
  • czone2000 b.
    "Wilmington is a friendly area, focused on creating a safe and family friendly environment for everyone. The schools focus on improvement every year, the sports programs are second to none, and they have Catholic and protestant schools to choose from too. One hour from the city, and 2 minutes from one of the most beautiful parks in all of Northern Illinois. Great place to call home!"
    6
    Flag

LGBTQ Local Legal Protections

Sarah Eenigenburg, RE/MAX Executives
Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Click here for more information
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
542 S Water St, Wilmington, IL 60481 is a 4 bedroom, 3 bathroom, 2,600 sqft single-family home. This property is currently available for sale and was listed by MRED as distributed by MLS GRID on Mar 2, 2024. The MLS # for this home is MLS# 11994612.