OFF MARKET

Last listed at $465,000, CLOSED ON Jul 2025

$470,287

Est. refi paymentEst. refi $2,462/mo

•

3,610

sq ft

331 Independence Ave, Waterloo, IL 62298

About this home

Welcome to this fantastic ranch-style home offering 5 bedrooms and 3 bathrooms, nestled in an established neighborhood on a well-maintained lot with attractive landscaping. Step inside to a warm and inviting layout, featuring a cozy dual-sided gas fireplace and a lovely picture window in the formal dining area. The main floor has a split-bedroom floor plan, including the primary suite with a private bathroom, and two additional guest bedrooms and a guest bathroom. You'll also enjoy the convenience of a main floor laundry room. The basement is partially finished providing even more living space, including a large family room, two additional bedrooms, a full bathroom, and an unfinished storage area. Step outside to enjoy the fully fenced backyard, complete with a brand-new deck (2024) ideal for relaxing and viewing beautiful sunsets. The spacious 3 car garage offers ample space for parking and storage. Notable Updates: Kitchen remodel – 2018, Guest bathroom – 2016, Primary bathroom – 2018, Back deck – 2024, Furnace – 2021, Roof – 2019, Generator – 2020. Additional perks include access to the HOA clubhouse and lake, making this a truly special place to call home. With numerous updates throughout, this move-in ready property is a must-see! Schedule your showing today!

Single-familyProperty Type

2008Year Built

0.32 acresLot Size

$130Est. Price/Sq.Ft.

3 car garageParking

Listed by Kelsey Mitchell • Keller Williams Pinnacle

Bought with Geri Little • RE/MAX Results Realty

Redfin checked: 2 minutes ago

•Source:MARIS as Distributed by MLS Grid #25033548

Redfin Estimate

$470,287

$5,287 over list price of $465K

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 19.4% higher than the average sale price ($394K) of 6 comparable homes.

SOLD JUL 23, 2026
$390,000
A
3 beds3 baths3,257 sq ft
1042 Illinois Ave, Waterloo, IL 62298
SOLD JUL 9, 2026
$439,900
B
4 beds3 baths3,271 sq ft
1018 Creekside Dr, Waterloo, IL 62298
SOLD JUN 2, 2026
$399,000
C
4 beds3 baths3,449 sq ft
624 Katie Dr, Waterloo, IL 62298
SOLD JUL 23, 2026
$375,000
D
4 beds3 baths3,014 sq ft
421 Hartmann Ln, Waterloo, IL 62298
SOLD JUN 22, 2026
$360,000
E
4 beds2 baths2,148 sq ft
1041 W Fallen Lake Dr, Waterloo, IL 62298
SOLD MAR 4, 2026
$399,000
F
4 beds3 baths2,536 sq ft
425 Mockingbird Ln, Waterloo, IL 62298

Claim this home to receive a free report every month with insights on the changing estimate.

Earn from this home

Sell

$441,208

Est. take-home

List your home with Redfin and save $4,703

Refinance

Est. cash available

Get cash now or lower your monthly rate

Rent

$1,775/mo

Redfin rental estimate

List your home for rent

Market trends in 62298, IL

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

97.7%

+0.4% MoM

Median sale price

$335K

$28K MoM

Avg. days on market

47d

0 days MoM

Recently sold homes

16 MoM

New listings for sale

FOR SALE BY OWNER
$46,900
Studio— baths— sq ft
124 Kurken Dr, Waterloo, IL 62298
$29,000
2 beds1 bath672 sq ft
4814 Timber Lake Ct, Waterloo, IL 62298
$275,000
3 beds2 baths2,076 sq ft
708 S Library St, Waterloo, IL 62298
$525,000
3 beds2 baths1,760 sq ft
4375 Jj Rd, Waterloo, IL 62298
$360,000
3 beds2 baths2,134 sq ft
4609 Fountain Brook Dr, Waterloo, IL 62298
FOR SALE BY OWNER
$499,900
3 beds3 baths1,932 sq ft
207 Vancouver Dr, Waterloo, IL 62298
$898,000
4 beds3.5 baths4,100 sq ft
600 Covington Dr, Waterloo, IL 62298
$111,000
1 bed1 bath777 sq ft
319 S Main St, Waterloo, IL 62298
See all

Provided by Redfin

Sale history for 331 Independence Ave

Date

Event

Price

Public Records

Jul 25, 2025

Sold

$440,000

$122/sq ft

MARIS as Distributed by MLS Grid #25033548

Jul 25, 2025

Sold

Jun 20, 2025

Contingent

—

Jun 13, 2025

Price Changed

$465,000

$129/sq ft

Jun 1, 2025

Listed

$475,000

$132/sq ft

MARIS as Distributed by MLS Grid #16053652

Jul 28, 2016

Pending

—

Jul 28, 2016

Listed

$250,000

$69/sq ft

Jul 28, 2016

Sold

Public Records

Jul 28, 2010

Sold

$230,100

$64/sq ft

Public Records

Oct 29, 2009

Sold

$230,000

$64/sq ft

Public Records

Nov 14, 2008

Sold

$227,000

$63/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$7,671 (+5.8%)

$17,050 + $114,420

$131,470

2024

$7,250 (+15.3%)

$17,050 + $114,420

$131,470

2023

$6,286 (+1.8%)

$16,634 + $111,852

$128,486

2022

$6,173 (+5.4%)

$15,380 + $90,730

$106,110

2021

$5,857 (+3.1%)

$15,570 + $87,300

$102,870

2020

$5,682 (+1.1%)

$13,150 + $82,780

$95,930

2019

$5,619 (−0.7%)

$13,150 + $77,880

$91,030

2018

$5,659 (+9.8%)

$13,150 + $75,950

$89,100

2017

$5,155 (+1.1%)

$10,410 + $76,830

$87,240

2016

$5,099 (+2.0%)

$9,760 + $72,510

$82,270

2015

$5,001 (+10.8%)

$9,760 + $72,510

$82,270

2014

$4,512

$11,290 + $70,090

$81,380

2013

$4,513

$11,290 + $65,380

$76,670

Tax history for 331 Independence Ave

Year

Property tax

Land + Additions

Assessment*

2025

$7,671 (+5.8%)

$17,050 + $114,420

$131,470

2024

$7,250 (+15.3%)

$17,050 + $114,420

$131,470

2023

$6,286 (+1.8%)

$16,634 + $111,852

$128,486

2022

$6,173 (+5.4%)

$15,380 + $90,730

$106,110

2021

$5,857 (+3.1%)

$15,570 + $87,300

$102,870

2020

$5,682 (+1.1%)

$13,150 + $82,780

$95,930

2019

$5,619 (−0.7%)

$13,150 + $77,880

$91,030

2018

$5,659 (+9.8%)

$13,150 + $75,950

$89,100

2017

$5,155 (+1.1%)

$10,410 + $76,830

$87,240

2016

$5,099 (+2.0%)

$9,760 + $72,510

$82,270

2015

$5,001 (+10.8%)

$9,760 + $72,510

$82,270

2014

$4,512

$11,290 + $70,090

$81,380

2013

$4,513

$11,290 + $65,380

$76,670

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

0.32 Acres

Year renovated

2008

Sq. Ft.

1,898

Year built

2008

Style

Single Family Residential

County

Monroe County

APN

07-26-201-114-000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 26, 2026.

Single-Family Residence Districts

The Single-Family Residence Districts, as differentiated herein, and the district locations as depicted on the Zone District Map, reflect the wide variety of physical and social characteristics found in Waterloo, to the extent that the range of such conditions and characteristics can be divided into meaningful categories. It is the purpose of these regulations to encourage the creation and maintenance of stable and enduring residential areas by establishing limitations on the use and character of development so as to take advantage of, or to avoid conflict with, natural topography, existing development, arrangements and locations of existing or planned community facilities and social needs of the city.

Permitted uses

Include but are not limited to:

Housing-Single unit

Property details

Parking

Parking Information
Garage Spaces: 3
Has Attached Garage
Has Garage

Interior

Bedroom Information
# of Bedrooms: 5
# of Bedrooms Main: 3
Main And Upper Level Bedrooms: 3
Upper Level Bedrooms: 0
Lower Level Bedrooms: 2

Bathroom Information
# of Full Baths (Total): 3
Main Level Bathrooms Half: 0
Main Level Bathrooms Full: 2
Main And Upper Level Bathrooms: 2
Upper Level Bathrooms Half: 0
Upper Level Bathrooms Full: 0
Lower Level Bathrooms Half: 0
Lower Level Bathrooms Full: 1

Laundry Room Information
Laundry Features: Main Level

Basement Information
Has Basement
Basement Features: 8 ft + Pour, Egress Window, Sump Pump

Other Rooms Information
Room Count: 0
# of Rooms: 13

Fireplace Information
Has Fireplace
# of Fireplaces: 1
Fireplace Features: Family Room

Heating & Cooling
Heating Information: Forced Air
Cooling Information: Central Air

Interior Features
Appliances: Dishwasher, Dryer, Microwave, Free-Standing Electric Range, Washer

Exterior

Building Information
Construction Materials: Brick Veneer, Vinyl Siding

Exterior Features
Fencing: Back Yard

Pool Information
Pool YN: 0

Property Information
Development Status: Completed
Property Type: Residential
Property Sub Type: Single Family Residence
Above Grade Finished Area: 1,898
Above Grade Finished Area Source: Public Records
Below Grade Finished Area: 1,712
Below Grade Finished Area Source: Public Records

Lot Information
Lot Features: Back Yard
Lot Size Acres: 0.32
Lot Size Source: Public Records

Financial

Tax Information
Tax Annual Amount: $6,286
Tax Year: 2023

Utilities

Utility Information
Water Source: Public
Sewer: Public Sewer

Location

HOA Information
Association Name: Westfalen Lake HOA
Has HOA
Association Amenities: Boat Dock, Clubhouse, Lake
Association Fee: $200
Association Fee Frequency: Annually
Association Fee Includes: Clubhouse

School Information
Elementary School: WATERLOO DIST 5
Middle Or Junior High School: WATERLOO DIST 5
High School: Waterloo
High School District: Waterloo DIST 5

Location Information
Address Line: 331 Independence AVE, WTRL IL 62298

Public facts

Beds: 3
Baths: 5.0
Sq. Ft.: 1,898
Stories: 1.0
Lot Size: 0.32 acres
Style: Single Family Residential
Year Built: 2008
Year Renovated: 2008
County: Monroe County
APN: 07-26-201-114-000

Home facts updated by county records on Aug 26, 2026

Other

Listing Information
Home Warranty YN: No

Home Information
Living Area: 3610
Living Area Source: Public Records
Living Area Srch Sq Ft: 3610.00
Above Grade Finished Area Srch Sq Ft: 1898.00
Below Grade Finished Area Srch Sq Ft: 1712.00
Building Features: Basement
Levels: One

Around this home

Schools

W J Zahnow Elementary School

Public PreK-1 • Assigned • 1.4mi

Waterloo Junior High School

Public 6-8 • Assigned • 1.4mi

7/10

Waterloo High School

Public 9-12 • Assigned • 2.3mi

6/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

3/10 Fire Factor

0.15% chance of being in a wildfire in next 30 years

5/10 Heat Factor

7 days above 106° expected this year, 20 days in 30 years

2/10 Wind Factor

2% chance of strong winds in next 30 years

1/10 Air Factor

0 unhealthy days expected this year, 0 days in 30 years

Provided by First Street

Historical weather

Waterloo, IL • 62298

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.8 hours in June and 4.2 hours in December, which is comparable to the U.S. average for solar exposure.

9.8 hrs

4.2 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$447,000 – $541,000

Reach more buyers when you sell with Redfin. Save up to $4,703 in fees. 3 minutes to get started.

Need the cash from your home fast? Sell to .

Nearby similar homes

NEW CONSTRUCTION

$499,900

3 beds2 baths1,782 sq ft

516 Hayden Dr, Waterloo, IL 62298

$1,850,000

5 beds3.5 baths4,888 sq ft

9420 Gilmore Lake Rd, Columbia, IL 62236

$360,000

3 beds2 baths2,134 sq ft

4609 Fountain Brook Dr, Waterloo, IL 62298

FOR SALE BY OWNER

$275,000

2 beds2 baths962 sq ft

426 Sandalwood Dr, Waterloo, IL 62298

FOR SALE BY OWNER

$685,000

3 beds4 baths700 sq ft

4176 State Route 156, Waterloo, IL 62298

$549,900

3 beds2.5 baths2,328 sq ft

8718 D Rd, Waterloo, IL 62298

New listings for sale in 62298

FOR SALE BY OWNER

$46,900

Studio— baths— sq ft

124 Kurken Dr, Waterloo, IL 62298

$29,000

2 beds1 bath672 sq ft

4814 Timber Lake Ct, Waterloo, IL 62298

$275,000

3 beds2 baths2,076 sq ft

708 S Library St, Waterloo, IL 62298

$525,000

3 beds2 baths1,760 sq ft

4375 Jj Rd, Waterloo, IL 62298

$360,000

3 beds2 baths2,134 sq ft

4609 Fountain Brook Dr, Waterloo, IL 62298

FOR SALE BY OWNER

$499,900

3 beds3 baths1,932 sq ft

207 Vancouver Dr, Waterloo, IL 62298

$898,000

4 beds3.5 baths4,100 sq ft

600 Covington Dr, Waterloo, IL 62298

$111,000

1 bed1 bath777 sq ft

319 S Main St, Waterloo, IL 62298

Home values near 331 Independence Ave

Data from public records.

Address	Redfin Estimate
323 Independence Avenue, Waterloo, IL 3 Beds \| 2 Baths \| 1790 Sq. Ft.	$374,795
335 Independence Avenue, Waterloo, IL 3 Beds \| 4 Baths \| 2038 Sq. Ft.	$387,586

Address	Redfin Estimate
322 Independence Avenue, Waterloo, IL 3 Beds \| 2 Baths \| 1721 Sq. Ft.	$331,517
311 Independence Avenue, Waterloo, IL 3 Beds \| 3 Baths \| 2251 Sq. Ft.	$407,428

Address	Redfin Estimate
327 Independence Avenue, Waterloo, IL 3 Beds \| 2 Baths \| 2016 Sq. Ft.	$332,581
315 Independence Avenue, Waterloo, IL 3 Beds \| 2 Baths \| 1811 Sq. Ft.	$397,041

Property information provided by MARIS as Distributed by MLS Grid when last listed in 2025. This data may not match . Learn more.

Download the Redfin App on the Apple App Store

Download the Redfin App from the Google Play Store

Join us

Become an Agent

Get referrals

Careers

Find homes faster

About us

Find us

Subsidiaries

Affiliated Business

Countries

United States

Canada

Updated September 2025: By searching, you agree to the Terms of Use, and Privacy Policy.

Do not sell or share my personal information.

REDFIN and all REDFIN variants, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.

California DRE #01521930

Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures

New Mexico Real Estate Licenses

TREC: Info About Brokerage Services, Consumer Protection Notice

All mortgage lending products and information are provided by Rocket Mortgage, LLC | NMLS #3030; www.NMLSConsumerAccess.org. Licensed in 50 states. This site is not authorized by the New York State Department of Financial Services for mortgage solicitation or loan applications activities related to properties located in the State of New York.

Redfin Corporation is an affiliated business of Rocket Limited Partnership. Each company, and their subsidiaries, are separate legal entities operated and managed through its own management and governance structures.

If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.

REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.

GreatSchools Ratings provided by GreatSchools.org.

Houses for sale near me	Chicago, IL homes for sale	Evanston, IL homes for sale
Land for sale near me	Naperville, IL homes for sale	Oak Park, IL homes for sale
Open Houses near me	Schaumburg, IL homes for sale	Waterloo Property Records
Condos for sale near me	Arlington Heights, IL homes for sale	IL New Listings
Agents near me	Glenview, IL homes for sale	Waterloo Housing Market

Kirkwood homes for sale
St. Louis homes for sale
Webster Groves homes for sale

About this home

Redfin Estimate

Earn from this home

Market trends in 62298, IL

Sale history for 331 Independence Ave

Tax history for 331 Independence Ave

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 62298

Home values near 331 Independence Ave

More real estate resources