7301 Ridge Ln
Cherry Valley, IL 61016
3 bd 4 ba 2,472 sqft Built 2003 Lot 11,761 sqft single_family
Most recent sale
$428,000
May 26, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Nov 2, 2023 | Listing removed | $359,000 | MRED |
| May 26, 2022 | Sold | $428,000 | MLS #11372841 |
| Apr 12, 2022 | Listed | $439,000 | MLS #11372841 |
| Apr 11, 2022 | Listed | $439,000 | MLS #202202057 |
| Mar 29, 2022 | Listing removed | $459,000 | MRED |
| May 4, 2021 | Listed | $459,000 | MLS #202101953 |
| Apr 14, 2021 | Listed | $439,000 | MLS #202101428 |
| Sep 29, 2020 | Listing removed | $369,900 | MRED |
| Aug 4, 2020 | Listing removed | $339,000 | MRED |
| Jul 23, 2020 | Price changed | $339,000 | MLS #10744798 |
| Jun 23, 2020 | Price changed | $349,000 | MLS #10744798 |
| Jun 12, 2020 | Listed | $339,000 | MLS #10744798 |
| Jun 10, 2020 | Listed | $339,000 | MLS #202002953 |
| Feb 5, 2020 | Listing removed | $359,000 | MRED |
| Apr 2, 2019 | Listed | $359,000 | MLS #10328325 |
| Apr 1, 2019 | Listed | $359,000 | MLS #201901396 |
| Oct 16, 2018 | Listing removed | $369,900 | MRED |
| Jul 26, 2018 | Listed | $369,900 | MLS #10030744 |
| Jul 25, 2018 | Listed | $369,900 | MLS #201804711 |
| Sep 2, 2016 | Sold | $330,000 | MLS #09186064 |
| Apr 12, 2016 | Listing removed | $335,000 | NorthWestILAlliance |
| Apr 6, 2016 | Listed | $335,000 | MLS #09186064 |
| Apr 5, 2016 | Listed | $335,000 | MLS #201601817 |
| Jul 16, 2013 | Sold | $345,000 | Public Record |
| May 18, 2013 | Listing removed | $349,900 | NorthWestILAlliance |
| May 11, 2013 | Listed | $349,900 | MLS #201302760 |
| Jan 20, 2004 | Sold | $328,580 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $155,167 | $11,667 | $166,834 | $12,750 |
| 2024 | $155,167 | $11,667 | $166,834 | $12,706 |
| 2023 | $143,382 | $11,667 | $155,049 | $12,617 |
| 2022 | $121,776 | $11,667 | $133,443 | $12,778 |
| 2021 | $116,067 | $11,667 | $127,734 | $12,335 |
| 2020 | $103,597 | $11,667 | $115,264 | $11,734 |
| 2019 | $98,820 | $12,500 | $111,320 | $11,397 |
| 2018 | $97,842 | $12,500 | $110,342 | $11,833 |
| 2017 | $99,456 | $12,706 | $112,162 | $11,501 |
| 2016 | $98,284 | $12,625 | $110,909 | $11,194 |
| 2015 | $101,124 | $13,333 | $114,457 | $11,866 |
| 2014 | $93,098 | $13,333 | $106,431 | $11,026 |
| 2013 | $84,285 | $13,333 | $97,618 | $9,676 |
| 2011 | $89,732 | $13,466 | $103,198 | $4,130 |
| 2010 | $90,032 | $22,317 | $112,349 | $8,333 |
| 2009 | $96,507 | $22,296 | $118,803 | $7,976 |
| 2007 | $90,183 | $21,667 | $111,850 | $7,501 |
Property facts
Year built
2003
Property type
single_family
Stories
1
Beds
3
Baths
4
Living area
2,472 sqft
Lot size
11,761 sqft
ZIP code
61016
City
Cherry Valley
Street
Ridge Ln
Coordinates
42.25846, -88.93751
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$4,450
Gross rental yield
12.48%
Implied cap rate
8.11%
Trend-extrapolated value
—
Frequently asked questions
When did 7301 Ridge Ln last sell?
7301 Ridge Ln most recently sold on May 26, 2022 for $428,000.
What is the current tax assessment for 7301 Ridge Ln?
The most recent total assessment for 7301 Ridge Ln (year 2025) is $166,834 with $12,750 in property tax.
How does 7301 Ridge Ln's assessment compare to its last sale price?
The current assessment is 61.0% below the last sale price of $428,000.
When was 7301 Ridge Ln built?
7301 Ridge Ln was built in 2003.
How does 7301 Ridge Ln compare to others on Ridge Ln?
We track 8 other properties on Ridge Ln. Browse the list under "Other properties on Ridge Ln" to compare beds, baths, and sale history.
What are the property facts for 7301 Ridge Ln?
7301 Ridge Ln is a 3 bed, 4 bath, 2,472 sqft, 11,761 sqft lot single_family.
Is 7301 Ridge Ln a flip candidate?
No — 7301 Ridge Ln does not appear in our flips dataset.
Is 7301 Ridge Ln a tax-appeal candidate?
No — 7301 Ridge Ln is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-0.5%
Implied 1-yr
-2.1%
2026 Q2
$274.7K
2026 Q3
$273.2K
ZIP 61016 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Ridge Ln