NOT LISTED FOR SALE

1014 & 1018 N Cedar St Galesburg, IL 61401

Estimated Value: $189,286 - $286,000

6 Beds
4 Baths
4,480 Sq Ft
$51/Sq Ft Est. Value

Last Sold September 01, 2022

Last sale price $195,000 $44 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $1,657/month

6 Days on Market

About This Home

As of September 2022

This Majestic well maintained brick side by side duplex with large rooms, original wood trims , 9’ main floor ceilings, remodeled kitchen and gas fireplace offers the perfect opportunity for owner occupied home with cost supplement from income of 2nd unit. This home features beautiful craftsmanship, quality, charm and character. Each unit consist of 2,200 sq. ft with sun room, covered front porch, living room, dining room & kitchen on main level with 3 bedrooms, each with walk-in closet & full bath on 2nd level, basement area is a great opportunity for addition living space or storage. 2 paved driveways, off street parking with 4 car garage, covered patio and many other amenities. This home is conveniently located to school, shopping & recreation. See improvements supplement and room size supplement . The dirt in the front yard is from a recent sewer clean out installation.(all good)

Last Agent to Sell the Property

Steve Cramer

RE/MAX Traders Unlimited License #471017962 Listed on: 06/27/2022

RE/MAX Traders Unlimited

Last Buyer's Agent

Marissa Meyer

Platinum Key Real Estate, LLC License #475192132

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,345

Year Built

  • Built in 1921

Lot Details

  • 0.3

Home Design

  • Duplex

Schools

  • Galesburg High School

Additional Features

  • Storage
  • High Speed Internet
  • Partially Finished Basement

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,345

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: Duplex/Side by Side
  • Legal Description: LASS & WILLIAMSON ADDN LOT 2 BLK 2
  • Lvt Date: 06/28/2022
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Additional Storage, Hi-Speed Internet Availbl
  • Number Dish Washers: 1
  • Number of Ranges: 2
  • Number Refrigerators: 2
  • Basement: Brick, Partially Finished
  • Price Per Sq Ft: 43.53
  • Total Sq Ft: 4480

Exterior Features

  • Exterior: Brick
  • Road Access: Paved
  • Roofing: Shingles

Garage/Parking

  • Garage Parking: Detached
  • Number Parking Spaces: 4

Utilities

  • Heating Cooling: Gas, Hot Water, Water Heater - Gas, Window Units
  • Water Sewer: Community Sewer System, Community Water System, Public Sewer, Public Water
  • Laundry Facilities: Units Hook-Ups
  • Number Window Units: 10

Schools

  • High School: Galesburg
  • High School: Galesburg

Lot Info

  • Estimated Lot Size: 66 x 198
  • Lot Description: Level
  • Subdivision: Lass & Williamson Addn
  • Geo Subdivision: IL

Tax Info

  • Annual Taxes: 5345.26
  • Parcel Id Number Tax Id: 99-10-201-039
  • Tax Exemptions: Homestead/Owner Occupied
  • Tax Year: 2021

Multi Family

  • Total Number Units: 2
  • Total Number Electric Meters: 2
  • Total Number Gas Meters: 2
  • Total Number Heating Units: 2
  • Total Number Water Heaters: 2
  • Total Number Water Meters: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2022
Closed on
Aug 29, 2022
Sold by
Hutchings James B and Hutchings Elizabeth M
Bought by
Schulze Richard A
Seller's Agent
Steve Cramer
RE/MAX Traders Unlimited
Buyer's Agent
Marissa Meyer
Platinum Key Real Estate, LLC
List Price
$209,000
Sold Price
$195,000
Premium/Discount to List
-$14,000
-6.7%
Views
27
Current Estimated Value
$208,724

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,724
Avg. Annual Appreciation
3.47%
Original Mortgage
$156,000
Outstanding Balance
$148,565
Interest Rate
4.5%
Mortgage Type
Construction
Estimated Equity
$66,962

Purchase Details

Closed on
Oct 16, 2017
Sold by
Tiehen Philip S and Tiehen Therese M
Bought by
Hutchings James B and Hutchings Elizabeth M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,192
Interest Rate
4.4%
Mortgage Type
FHA
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 Buyer Sale Price Title Company
Schulze Richard A $195,000 Attorney Only
Hutchings James B $174,000 Attorney Only
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schulze Richard A $156,000
Previous Owner Hutchings James B $168,192
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2022 09/01/22 Sold $195,000 -6.7% $44 / Sq Ft
07/03/2022 07/03/22 Pending -- -- --
06/27/2022 06/27/22 For Sale $209,000 -- $47 / 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
2024 $6,042 $65,120 $3,970 $61,150
2023 $6,042 $63,050 $3,840 $59,210
2022 $5,553 $64,590 $3,840 $60,750
2021 $5,345 $60,930 $3,620 $57,310
2020 $5,433 $60,930 $3,620 $57,310
2019 $5,357 $59,740 $3,550 $56,190
2018 $5,279 $59,140 $3,450 $55,690
2017 $4,861 $54,520 $3,350 $51,170
2015 -- $53,710 $3,300 $50,410
2013 $4,310 $54,250 $3,330 $50,920
Source: Public Records

Agents Affiliated with this Home

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Map

Source: RMLS Alliance

MLS Number: PA1235576

RMLS Alliance

APN: 99-10-201-039