NOT LISTED FOR SALE

Estimated Value: $273,000 - $321,000

8 Beds
4 Baths
-- Sq Ft
0.25 Acres

Last Sold April 02, 2018

Last sale price $144,000

Est. 106% increase in value since last sale

Current estimated payment $2,033/month

48 Days on Market

Highlights

  • 0.25 Acre Lot
  • Cul-De-Sac
  • Heating System Uses Steam
  • First Floor Utility Room
  • Soaking Tub
  • Paved or Partially Paved Lot

About This Home

As of April 2018

OUTSTANDING all-brick 4-unit apartment building, 2 BEDROOMS in each unit. VERY WELL-MAINTAINED in desirable residential neighborhood on quiet cul-de-sac with mature trees. Purchase this one apt building or up to seven 4-unit buildings (1 or 2 bedroom units). Very competitively-priced! Ample parking for tenants and guests. A/C in each unit plus ceiling fans in all bedrooms and living room. Storage shed in back. Coin laundry room in building provides additional revenue. Earn great rental income (gross rent multiplier = 5) plus all the tax savings for a great investment opportunity! Close to beautiful parks, I.S.U. campus, shopping. New rental rates are $595/month per unit or more. New (pitched) roof in 2015. Also see other MLS apartment listings on College Park Ct & Sheryl Dr in Normal, IL.

Last Agent to Sell the Property

Janice Vidovic

Clients Are Golden Realty,LLC License #471019870 Listed on: 11/16/2017

Last Buyer's Agent

Non Member

NON MEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,768

Year Built

  • Built in 1971

Lot Details

  • 0.25 Acre Lot
  • Cul-De-Sac
  • Paved or Partially Paved Lot

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • First Floor Utility Room
  • Storm Screens

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms
  • Soaking Tub

Parking

  • 8 Parking Spaces
  • Uncovered Parking
  • Visitor Parking
  • Off-Street Parking
  • Parking Included in Price
  • Unassigned Parking

Outdoor Features

  • Storage Shed

Utilities

  • Heating System Uses Steam
  • Cable TV Available

Community Details

Overview

  • 4 Units
  • College Park Subdivision

Building Details

  • Gross Income $28,251

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,768

Year Built

Built in 1971

Lot Details

0.25 Acres

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Subdivision Name: College Park
  • Year Built: 1971
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Other Equipment: TV-Cable
  • Room Type: Utility Room-1st Floor
  • Basement Description: None
  • Bathroom Amenities: Soaking Tub
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner,Range Hood
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner,Range Hood
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner,Range Hood
  • AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner,Range Hood

Exterior Features

  • ExteriorFeatures: Storage Shed, Storms/Screens
  • Foundation Details: Block
  • Lot Features: Cul-De-Sac
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Unassigned, Off Street, Visitor Parking
  • ParkingTotal: 8
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer, Sewer-Storm
  • Heating: Steam
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Paved

Fee Information

  • Other Expenses $: 7605

Lot Info

  • Lot Size Acres: 0.25
  • Lot Dimensions: C38 X 112 X 140 X 170
  • Zoning: MULTI
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 22
  • Is Parking Included in Price: Yes
  • TenantPays: Electric

Multi Family

  • GrossIncome: 28251
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 3768
  • Tax Year: 2016
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 5, 2022
Sold by
Lutterbie Joseph G and Lutterbie Sarah E
Bought by
Lutterbie Joseph G and Lutterbie Sarah E
Current Estimated Value
$295,984

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,800
Outstanding Balance
$94,743
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$201,241

Purchase Details

Closed on
Oct 27, 2021
Sold by
Falcon Rental Llc
Bought by
Lutterbie Joseph G and Lutterbie Sarah E

Purchase Details

Closed on
Jan 21, 2020
Sold by
Jsl Management Llc
Bought by
Falcon Rentals Llc

Purchase Details

Listed on
Nov 16, 2017
Closed on
May 8, 2018
Sold by
Lutterbie Joseph and Lutterbie Sarah
Bought by
Jsl Management Llc
Seller's Agent
Janice Vidovic
Clients Are Golden Realty,LLC
Buyer's Agent
Non Member
NON MEMBER
List Price
$150,000
Sold Price
$144,000
Premium/Discount to List
-$6,000
-4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.57%

Purchase Details

Listed on
Nov 16, 2017
Closed on
Feb 5, 2018
Sold by
Kauffman John and Kauffman Evelyn
Bought by
Lutterbie Joseph G and Lutterbie Sarah E
Seller's Agent
Janice Vidovic
Clients Are Golden Realty,LLC
Buyer's Agent
Non Member
NON MEMBER
List Price
$150,000
Sold Price
$144,000
Premium/Discount to List
-$6,000
-4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
4.87%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lutterbie Joseph G -- None Listed On Document
Lutterbie Joseph G -- None Available
Falcon Rentals Llc $137,000 None Available
Jsl Management Llc -- Attorney
Lutterbie Joseph G $144,000 Mclean County Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lutterbie Joseph G $102,800
Previous Owner Lutterbie Joseph G $108,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/02/2018 04/02/18 Sold $144,000 -4.0% --
01/03/2018 01/03/18 Pending -- -- --
11/16/2017 11/16/17 For Sale $150,000 -- --
Source: Midwest Real Estate Data (MRED)

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 $6,090 $83,806 $16,823 $66,983
2022 $6,090 $67,795 $13,609 $54,186
2021 $5,882 $63,964 $12,840 $51,124
2020 $4,135 $44,744 $12,707 $32,037
2019 $3,995 $44,504 $12,639 $31,865
2018 $3,951 $44,033 $12,505 $31,528
2017 $3,810 $44,033 $12,505 $31,528
2016 $3,769 $44,033 $12,505 $31,528
2015 $3,666 $43,001 $12,212 $30,789
2014 $3,621 $43,001 $12,212 $30,789
2013 -- $43,001 $12,212 $30,789
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09802649

Midwest Real Estate Data (MRED)

APN: 14-29-253-006

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