$85,000
SOLD FEB 24, 2025

10 Orchard St Ipava, IL 61441

7 Beds
-- Bath
3,744 Sq Ft
0.26 Acres

Recently Sold

$23 Per Sq Ft

10% Below List Price

5 Days on Market

Highlights

  • Corner Lot
  • Storage
  • Forced Air Zoned Heating System
  • Furnished
  • Guest Parking
  • Baseboard Heating

About This Home

As of February 2025

IPAVA...INVESTMENT OPPORTUNITY combines both rustic country charm with spacious private units for your short or long-term rentals. This 3744 square foot building offers 5 units each beautifully decorated and ready for your weekend getaway, business, or hunting trip. 3 Units are listed on Air B & B and rent for $80/night. One unit is currently a month-to-month rental at $350/month. The main unit is spacious and could be used for living or rental space with 4 rooms, a living room, a kitchen area with 1.5 baths, and lots of storage. Don't miss a great investment opportunity in Ipava.

Last Agent to Sell the Property

Wendy Gilliland

TNT Realty Group, Inc. Brokerage Phone: 309-333-8233 License #475190880 Listed on: 01/17/2025

Last Buyer's Agent

Renee Lewis

Jim Maloof Realty, Inc. License #475143087

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,938

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 62 x 188
  • Corner Lot
  • Level Lot

Home Design

  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 7 Bedrooms
  • 3,744 Sq Ft Home
  • Furnished
  • Storage

Parking

  • 10 Parking Spaces
  • Guest Parking

Schools

  • V I T High School

Utilities

  • Forced Air Zoned Heating System
  • Window Unit Heating System
  • Baseboard Heating
  • Electric Water Heater

Community Details

  • Trash Expense $100

Listing and Financial Details

  • Assessor Parcel Number 21-23-06-319-003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,938

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Residential Income
  • Year Built: 9999
  • New Construction: No
  • Structure Type: One Story
  • PricePerSqFt: 22.7
  • Attribution Contact: Cell: 309-333-8233
  • Special Features: VirtualTour

Interior Features

  • Basement: None
  • Accessibility Features: Level, Main Level Entry
  • Total Bedrooms: 7
  • Interior Amenities: Storage, Furnished

Exterior Features

  • Lot Features: Corner Lot, Level
  • Road Surface Type: Paved
  • Construction Type: Wood Siding
  • Roof: Shingle
  • 100YearPlain: No

Garage/Parking

  • Parking Features: Guest Parking
  • Total Parking Spaces: 10

Utilities

  • Heating: Baseboard, Electric, Forced Air, Central Air, Electric Water Heater, Window Unit(s), Zoned
  • Electric Expense: 150
  • Water Sewer Expenses: 100
  • Water Source: Public Sewer, Public
  • GasExpense: 0
  • NumberOfWaterHeaters: 2
  • NumberOfHeatingUnits: 1
  • NumberOfCentralAirUnits: 1
  • NumberOfGasMeters: 0
  • NumberOfElectricMeters: 1
  • NumberofWaterMeters: 1
  • NumberOfRanges: 2
  • NumberofRefrigerators: 5
  • NumberOfWashers: 1
  • NumberOfDryers: 1
  • NumberOfDishwashers: 0
  • NumberOfWindowUnits: 5

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • Trash Expense: 100
  • AdvertisingExpense: 0

Schools

  • High School: V I T

Lot Info

  • Lot Size Acres: 0.26
  • Lot Size: 62 X 188
  • Parcel #: 21-23-06-319-003

Rental Info

  • Lease Term: Month To Month

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 2841.84
  • TaxExemptions: None

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 7200
  • Annual Operating Expense: 1550

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2025
Closed on
Feb 24, 2025
Sold by
Reimolds Rodney C and Reimolds Brecken J
Bought by
Davis Tonya
Seller's Agent
Wendy Gilliland
TNT Realty Group, Inc.
Buyer's Agent
Renee Lewis
Jim Maloof Realty, Inc.
List Price
$94,000
Sold Price
$85,000
Premium/Discount to List
-$9,000
-9.57%
Views
5
Current Estimated Value
$88,296

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,296
Avg. Annual Appreciation
11.48%
Original Mortgage
$83,670
Outstanding Balance
$83,002
Interest Rate
0.43%
Mortgage Type
Construction
Estimated Equity
$5,294
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $85,000 West St Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $83,670 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/24/2025 02/24/25 Sold $85,000 -9.6% $23 / Sq Ft
01/22/2025 01/22/25 Pending -- -- --
01/17/2025 01/17/25 For Sale $94,000 -- $25 / Sq Ft
Source: RMLS Alliance

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $2,938 $28,140 $2,290 $25,850
2022 $2,691 $28,140 $2,290 $25,850
2021 $2,691 $27,050 $2,200 $24,850
2020 $2,609 $26,150 $2,130 $24,020
2019 $2,644 $26,560 $2,160 $24,400
2018 $2,551 $26,050 $2,120 $23,930
2017 $2,552 $26,050 $2,120 $23,930
2016 $2,508 $25,160 $2,050 $23,110
2015 $2,506 $25,160 $2,050 $23,110
2013 -- $24,520 $2,000 $22,520
2012 -- $23,920 $1,950 $21,970
Source: Public Records

Agents Affiliated with this Home

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Map

Source: RMLS Alliance

MLS Number: PA1255527

RMLS Alliance

APN: 21-23-063-190-03