NOT LISTED FOR SALE

1002 Quail Dr Morris, IL 60450

Estimated Value: $657,069 - $730,000

11 Beds
11 Baths
-- Sq Ft
0.48 Acres

Last Sold February 24, 2016

Last sale price $405,000

Est. 72% increase in value since last sale

Current estimated payment $4,904/month

179 Days on Market

About This Home

As of February 2016

BANK OWNED PROPERTY--MULTI FAMILY "RANCH" STYLE BUILDING BUILT IN 1978 WITH 11 TOTAL 1 BEDROOM UNITS. EACH UNIT IS JUST UNDER 600 SQUARE FEET IN SIZE. EVERY APARTMENT CONSISTS OF A LIVING ROOM(14X12), KITCHEN (14X8), BATH AND BEDROOM (14X16). BUILDING HAS A SHARED UTILITY/LAUNDRY ROOM (6X6) WITH ONE WASHER AND DRYER. NICE LOOKING BUILDING WITH GREAT INCOME POTENTIAL--CURRENT RENTS ARE BETWEEN $495 & $550. WELL MAINTAINED ALL ELECTRIC BUILDING--TENANTS PAY FOR ELECTRICITY AND LANDLORD PAYS FOR WATER. CONVENIENTLY LOCATED NEAR RESIDENTIAL HOMES, SCHOOLS, PARK AND WITHIN 5 MIINUTES OF THE DOWNTOWN DISTRICT. SOLID BUILDING BEING SOLD AS IS--PLEASE INCLUDE "AS IS" RIDER WITH CONTRACTS. CALL LISTING AGENT FOR MORE DETAILS.

Last Agent to Sell the Property

Michael McGuire

McGuire Realty LLC License #471009191 Listed on: 07/31/2015

Last Buyer's Agent

Joan Eslinger

Advantage Realty, Inc License #471003332

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,376

Year Built

  • 1978

Lot Details

  • 0.48

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Frame Construction
  • Vinyl Siding

Utilities

  • Cooling System Mounted In Outer Wall Opening

Community Details

  • Insurance Expense $6,110

Listing and Financial Details

  • Tenant pays for electric

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,376

Year Built

1978

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Zoning Type: MULTI
  • Estimated Age: 36-50 Years
  • Net Oper Income: 44822
  • Outdoor Parking: 6-12 Spaces
  • Repairs Decor Expense: 3600
  • Roof Coverings: Shingle Composition
  • Scavenger Expense: 1000
  • Total Annual Exp: 15810
  • Total Annual Income: 70140
  • Total Monthly Income: 5845
  • Number of Ranges: 11
  • Number Of Refrigs: 11
  • Number Of Window A C: 11
  • Number Of Stories: 1
  • Estimated Year Built: 1978
  • Type Multi Family: Corridor-Exterior Entrance
  • Special Features: 20
  • Property Sub Type: MultiFamily
  • Stories: 1
  • Year Built: 1978

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Vinyl Siding, Brick, Frame

Garage/Parking

  • Number Of Parking Spaces: 12

Utilities

  • Air Conditioner: Wall Sleeve
  • Heatventilation: Electric, Baseboard
  • Water Expense: 1500

Condo/Co-op/Association

  • Units in Building: 11

Fee Information

  • Electricity Expense: 600
  • Electrical Service: Circuit Breakers, Separate Meters

Lot Info

  • Lot Dimensions: 91 X 230
  • Lot Sq Ft: 21084
  • Parcel Identification Number: 0504157038

Rental Info

  • Gross Rental Income: 70140
  • Tenant Pays: Electric

Multi Family

  • Insurance Expense: 6110
  • Other Expenses: 3000
  • Number Of Dryers: 1
  • Number Of Washers: 1

Tax Info

  • Taxes: 9,508

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2015
Closed on
Feb 21, 2016
Sold by
Pb Il Oreo Llc
Bought by
Rezin Family Investments Llc
Seller's Agent
Michael McGuire
McGuire Realty LLC
Buyer's Agent
Joan Eslinger
Advantage Realty, Inc
List Price
$499,000
Sold Price
$405,000
Premium/Discount to List
-$94,000
-18.84%
Current Estimated Value
$696,267

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$291,267
Avg. Annual Appreciation
5.79%

Purchase Details

Closed on
Jul 20, 2015
Sold by
Sheriff Of Grundy Country
Bought by
Pb Il Oreo Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Buyer Sale Price Title Company
Rezin Family Investments Llc $405,000 Fidelity Title
Pb Il Oreo Llc $395,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/24/2016 02/24/16 Sold $405,000 -18.8% --
01/26/2016 01/26/16 Pending -- -- --
07/31/2015 07/31/15 For Sale $499,000 -- --
Source: Midwest Real Estate Data (MRED)

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
2024 $14,376 $183,693 $19,826 $163,867
2023 $13,540 $173,001 $18,672 $154,329
2022 $12,488 $159,566 $17,222 $142,344
2021 $11,976 $150,904 $16,287 $134,617
2020 $11,841 $147,051 $15,871 $131,180
2019 $11,161 $139,385 $15,044 $124,341
2018 $10,989 $136,681 $14,752 $121,929
2017 $10,342 $129,494 $13,976 $115,518
2016 $10,244 $128,479 $13,866 $114,613
2015 $9,609 $123,336 $13,311 $110,025
2014 $9,353 $120,117 $12,964 $107,153
2013 $9,508 $124,900 $13,480 $111,420
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09000515

Midwest Real Estate Data (MRED)

APN: 05-04-157-038