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0000 S Spencer Street, Montgomery, IL 60538
$996,000
0000 S Spencer Street, Montgomery, IL 60538View this property at 0000 S Spencer Street, Montgomery, IL 60538
0000 S Spencer StreetMontgomeryIL60538
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Property Description
Here's a rare and promising opportunity to acquire 21.77+/-acres of tillable farmland located in a highly desirable area bordering the Village of Montgomery. The property boasts convenient access with approximately 325 feet of frontage along fully paved Spencer Street. The land has historically been utilized for agriculture, with crop rotations between corn and soybeans. The topography is largely level, and benefits from an excellent productivity index (PI) of 143. The soil composition primary consists of Drummer silty clay loam and Dresdin silt loam. For the upcoming year of 2025, the farm tenancy is open, offering flexibility for the new owner. Surrounding the property are a blend of residential homes and businesses to the north and west, while the southern and eastern borders abut agricultural fields. Additionally, the property's northern edge is adjacent to the Virgil Gilman Trail, a popular recreational trail for walking and biking. Notably, a recently constructed 22X42ft metal-sided outbuilding with solar-lighting is conveniently situated in the northwest corner of the property. Subject to proper zoning approval from the county, this site presents an ideal opportunity for development. It is uncommon to find such a large tract of tillable land in close proximity to residential subdivisions, schools, golf courses and public transportation. This property offers a unique combination of tillable farmland, location, access, and development potential, making it an attractive investment opportunity!
Full Property Details
Full Property Details for 0000 S Spencer St
General
- Price: $996,000
- Taxes: $1,038 (2022)
- Status: Active
- Type: Farm
- MLS ID: 11979973
- Updated: 2/19/2024
- Added to Site: 77 day(s) ago
Additional Information
- Other Features: Flood Zone (Partial)
Location
- Area: Montgomery
- County: Kane
- Township: Aurora
- Driving Directions: From Rt. 30: Take Douglas Road north 1/2 Mi to Montgomery Road. Take Montgomery Road northeast 1/2 Mi to Hinman Street. Take Hinman Street south one block to Oakland Street. Take Oakland Street east 1/2 block until reaching subject property.
School Information
- School District: 131
- Elem School District: 131
- Midd School District: 131
- High School District: 131
Utilities
- Onsite: Electricity Nearby, Gas Nearby, Sanitary Sewer, Water Nearby
Structural Information
- Square Feet: 21.77
- Current Bldg. Use: Agricultural
Additional Structures
- Other Structures: Metal Building(s)
Lot Features
- Lot Size (Acres): 21.77
- Lot Size Range: 10.0 to 24.99 Acres
- Lot Dimensions: 1010FT x 1435FT x 400FT x 1315FT
- Frontage: Paved
- Frontage Feet: 1010
- Street/Road Desc.: Asphalt
- Land Use: Yes
- Zoning: AGRIC
- Lot Description: Tillable
Farm Information
- Farm: Yes
Financial Considerations
- Tax Amount: $1,038
- Tax Year: 2022
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 1534429004
Listed by Whitetail Properties Real Estate, LLC
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Schools
Schools serving 0000 S Spencer St
School District:Aurora East School District 131
Rating | Name | Grades | Distance |
---|---|---|---|
954 E Benton St, Aurora, IL 60505 | K-5 | 0.6 mi | |
56 Jackson St, Aurora, IL 60505 | 6-8 | 0.2 mi | |
500 Tomcat Ln, Aurora, IL 60505 | 9-12 | 0.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 0000 S Spencer St
Date
Details
Price
Change
Source
2/13/2024
Listed
$996,000
3805.88%
MLS
8/21/2014
Sold
$25,500
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 0000 S Spencer St
Year
Property Taxes
Change
Tax Assessment
Change
2022
$855
1%
$12,774
7%
2021
$847
—
$11,893
8%
2021
$847
5%
$11,047
8%
2019
$806
3%
$10,235
17%
2017
$782
-9%
$8,723
-1%
2016
$855
10%
$8,796
-7%
2018
$780
-4%
$9,467
25%
2015
$812
—
$7,564
9%
2014
$814
7%
$6,952
-1%
2013
$763
—
$6,993
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 0000 S Spencer St
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