Last Sold Price
2,395,800 Lot Size55 Acres
1515 Formosa Rd, Collinsville, IL 62234

Description

Over 55 acres of land for development, farming, or commercial potential. Property has frontage on Highway 40 to the west of Formosa to sell as one property with remaining 2 sections being farmed. Frontage road with approx 16 acres, and two sections currently farmed. Home is between farmed sections and is also for sale with 2.87acres listed MLS #21038785. Public water & sewer are located on the east side of Formosa perfect for a residential development. This is the last of the property in this area...Over 55 acres of land for development, farming, or commercial potential. Property has frontage on Highway 40 to the west of Formosa to sell as one property with remaining 2 sections being farmed. Frontage road with approx 16 acres, and two sections currently farmed. Home is between farmed sections and is also for sale with 2.87acres listed MLS #21038785. Public water & sewer are located on the east side of Formosa perfect for a residential development. This is the last of the property in this area zoned for commercial. Don't miss this opportunity! Please schedule showings in showtime and agents accompany buyers . HOUSE MUST BE SOLD WITH FARMLAND and FRONTAGE PROPERTY

HOUSE, FRONTAGE, FARMLAND $1,576,000


NO EXCEPTIONS
LISTING CLOSED: 10/01/2024 12:00 AM

  1. Listed by Bryce Brow • 360 Prime Realty Group, LLC
    P: (618) 531-4998 C: (618) 288-0000 browproperties@usa.com

Property Details for 1515 Formosa Road

Status
MLS #
23028058
Days on Market
172
Taxes
$1,690 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Farm / Acreage & Farms
Year Built
-
Lot Size
55.00 AC
Architectural Style
Other
Waterfront
No
Zoning
Commercial, agri
Cross Street
TROY ROAD

Recent comparable sales

Median sold price

$30,000

Avg days on market

142

Sale-to-list ratio

80.6%

Collinsville, IL

9 comparable properties found

an aerial view of a house with a yard and lake view
1

$1,587,500

Sold 09/19/24

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
31.03
Acres
a view of swimming pool
2

$1,150,000

Sold 10/24/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
35.05
Acres
$13,500 | 0 East Woodcrest Drive, Collinsville, IL 62234
1/11
3

$13,500

Sold 12/23/24

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.37
Acres
$15,000 | 0 Bissell Avenue, Collinsville, IL 62234
1/2
4

$15,000

Sold 10/25/24

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.19
Acres
$18,500 | 709 Rose Avenue, Collinsville, IL 62234
1/12
5

$18,500

Sold 03/17/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.45
Acres
an aerial view of a city
6

$896,315

Sold 07/14/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
25.62
Acres
7

$30,000

Sold 06/27/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.12
Acres
$13,000 | 0 St Clair Avenue, Collinsville, IL 62234
1/5
8

$13,000

Sold 02/23/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.65
Acres
a view of an ocean beach
9

$2,112,500

Sold 04/21/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
65
Acres

Location

Listing Courtesy of 360 Prime Realty Group, LLC

Sold By Century 21 Bailey & Company

Add your commute

Building Information for 1515 Formosa Road

Lot Size55.00 AC

Payment Calculator

$6,952 per month

30 year fixed, 6.55% Interest

Principal and Interest

$6,811

Property Taxes

$141

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 1515 Formosa Road

Summary
Location and General Information
  • City: Collinsville
  • County Or Parish: Madison-IL
  • Directions: I-55/70 towards Troy on Highway 40 East. Turn right at first lighted intersection loop back to the west turn left on Formosa. Property also has frontage on Highway 40 to the west of Formosa
  • Latitude: 38.714433
  • Longitude: -89.918411
  • Postal Code: 62234
  • State Or Province: IL
  • Sub division Name: na
  • Topography: Crop, Wooded
Taxes and HOA Information
  • List AOR: Southwestern Illinois Board of REALTORS
  • Prop Asses City Tax: 1
  • Parcel Number: 09-1-22-18-00-000-003
  • Tax Annual Amount: $1,690.00
  • Tax Legal Description: PT N1/2 NE
  • Tax Year: 2021
Owner
  • Township: Madison
Parking
  • Attached Garage: No
  • Carport: No
  • Garage: No
School Information
  • Elementary School: TRIAD DIST 2
  • High School: Triad
  • High School District: Triad DIST 2
  • Middle Or Junior School: TRIAD DIST 2
Virtual Tour
Property
Lot Information
  • Lot Features: None
  • Lot Size Acres: 55.0
  • Lot Size Source: County Records
  • Lot Size Square Feet: 2395800.0
  • Tillable Acreage: 33.00
  • Possible Use: Commercial, Horses, Residential, Tenant Farming, Other
  • Property Sub Type: Acreage & Farms
  • Property Type: Farm
  • Wooded Area: 6.0
Property and Assessments
  • Current Use: Row Crops, Other
  • Documents Available: Aerial Photos
  • Documents Count: 0
  • Photos Count: 6
  • Videos Count: 1
  • Disclosures: Unknown, Flood Plain No
  • Construction Materials: Other
  • Ownership Type: Private
  • BuyerFinancing: Conventional
  • OccupantType: Vacant
Utilities
  • Sewer: Other
  • Utilities: Other
  • Water Source: Other
Interior and Exterior Features
Exterior Features
  • Fencing: None
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Pool Private: No
Interior Features
  • Basement: None
  • Levels: Other
  • Main Level Bathrooms: 0.0
  • Main Level Bedrooms: 0.0
  • Bathrooms Full: 0
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 0
  • Bedrooms Total: 0
  • Low Full Baths: 0
  • Low half Baths: 0
  • Upper Full Baths: 0
  • Upper Half Baths: 0
  • Fireplaces Total: 0
  • Fireplace: No
  • Heating YN: No
  • Rooms Total: 0
  • Main and Upper Bathrooms: 0
  • Main Level Full Bathrooms: 0
  • Main Level Half Bathrooms: 0
Room Information
Bedrooms
  • Main and Upper Beds: 0
  • Lower Beds: 0
  • Upper Beds: 0
Multi Family
Multi-Family Information
  • TYPE: Acreage Rural,Agricultural Land,Commercial Potential,Farm-Row Crop

Property History for 1515 Formosa Road

DateEvent & SourcePriceAppreciation
Oct 1, 2024

Closed

MARIS #23028058

$1,340,000
Sep 30, 2024

Closed (Public Record)

Public Record #1542978640

$1,140,000
Nov 9, 2023

Pending

MARIS #23028058

DateEvent & SourcePrice
10/01/2024

Closed

MARIS #23028058

$1,340,000
09/30/2024

Closed (Public Record)

Public Record #1542978640

$1,140,000
11/09/2023

Pending

MARIS #23028058

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1515 Formosa Road

Taxable ValueLand$31,160Additions-Total$31,160
Tax Record2025$2,156 ($180 / month)
Home Facts
Lot Size2,405,819 SqFtStyleMiscellaneous AgriculturalCountyMADISONAPN09-1-22-18-00-000-003

Schools near 1515 Formosa Road

This home is within Triad Community Unit School District 2.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Silver Creek Elementary School
PublicPK to 5

Triad Middle School
Public6 to 8

Triad High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

New listings in 62234

$365,000 | 105 Red Pine Court, Collinsville, IL 62234
1/55

$365,000

4
Bedrooms
2,356
Square Feet
0.29
Acres
$393,000 | 1975 Lemontree Lane, Collinsville, IL 62234
1/13

$393,000

3
Bedrooms
2,069
Square Feet
0.27
Acres
$99,900 | 804 Oran Street, Collinsville, IL 62234
1/15

$99,900

3
Bedrooms
1,440
Square Feet
0.29
Acres
$149,900 | 20 Red Rose Drive, Collinsville, IL 62234
1/36
Active Under Contract

$149,900

2
Bedrooms
1,228
Square Feet
0.19
Acres
$950,000 | 43 Sugar Lane, Collinsville, IL 62234
1/78
Open: 8/30 12:00PM - 02:00PM

$950,000

5
Bedrooms
4,384
Square Feet
14.71
Acres
$179,900 | 401 South Chestnut Street, Collinsville, IL 62234
1/42

$179,900

3
Bedrooms
1,544
Square Feet
0.16
Acres
$200,000 | 904 Prospect Street, Collinsville, IL 62234
1/29
Active Under Contract

$200,000

3
Bedrooms
1,820
Square Feet
0.14
Acres
$168,000 | 304 Walnut Drive, Collinsville, IL 62234
1/13

$168,000

2
Bedrooms
956
Square Feet
0.32
Acres
$270,000 | 112 St Mary Drive, Collinsville, IL 62234
1/35
Active Under Contract

$270,000

3
Bedrooms
1,746
Square Feet
0.52
Acres

Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1515 Formosa Road, Collinsville, IL 62234
$1,340,000
2,395,800
$360,000
3
3,675
125,017
261,360
249,599
223,898
48,922

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of 360 Prime Realty Group, LLC

Based on information submitted to the MLS GRID as of 10/15/2024 02:02 PM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.