NOT LISTED FOR SALE

1022 W Main St Ottawa, IL 61350

Estimated Value: $72,000

4 Beds
3 Baths
-- Sq Ft
3,920 Sq Ft Lot

Last Sold November 17, 2015

Last sale price $55,000

Est. 31% increase in value since last sale

Current estimated payment $455/month

179 Days on Market

About This Home

As of November 2015

Banked Owned 3-one bedroom and one bath units walking distance to town, Sold ASIS, No Survey,

Last Agent to Sell the Property

Kathy Brooks

Brummel Properties, Inc. License #471004407 Listed on: 04/16/2015

Co-Listed By

Albert Mihalek

Century 21 Affiliated - Yorkville

Last Buyer's Agent

John Schutzius

Industrial Commercial Realty & Invest Co

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 3,920

Home Design

  • Block Foundation
  • Asphalt Roof
  • Vinyl Siding

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 3 Bathrooms

Schools

  • Lincoln Elementary: K-4Th Grade
  • Shepherd Middle School
  • Ottawa Township High School

Utilities

  • Heating System Uses Natural Gas
  • Satellite Dish
  • Cable TV Available

Additional Features

  • Partial Basement
  • Lot Dimensions are 66x80

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1950
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Other Equipment: TV-Cable, TV-Dish
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Foundation Details: Block
  • List Price: 65000
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Fee Information

  • Other Expenses $: 6305

Schools

  • Elementary School: LINCOLN ELEMENTARY: K-4TH GRADE
  • High School: OTTAWA TOWNSHIP HIGH SCHOOL
  • Middle/Junior School: SHEPHERD MIDDLE SCHOOL
  • Middle/Junior School District: 141

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 66X80
  • Zoning: OTHER
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 5

Tax Info

  • Tax Annual Amount: 4346
  • Tax Year: 2013
  • Tax Exemptions: None

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 3 Flat

MLS Schools

  • Other Public Sch Dist: IVVC

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2015
Closed on
Oct 21, 2015
Sold by
Old Second National Bank
Bought by
Equity Trust Co
Seller's Agent
Kathy Brooks
Brummel Properties, Inc.
Buyer's Agent
John Schutzius
Industrial Commercial Realty & Invest Co
List Price
$65,000
Sold Price
$55,000
Premium/Discount to List
-$10,000
-15.38%
Current Estimated Value
$72,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,000

Purchase Details

Closed on
Jun 25, 2008
Sold by
Kaufman John M and Kaufman Ginger K
Bought by
4-K Properties

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,271,000
Interest Rate
6.1%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jan 20, 2006
Sold by
Luallen Jason K
Bought by
Kaufman John M and Kaufman Ginger K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,000
Interest Rate
6.42%
Mortgage Type
New Conventional
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
Equity Trust Co $55,000 --
4-K Properties -- None Available
Kaufman John M $117,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 4-K Properties $1,271,000
Previous Owner Kaufman John M $94,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/17/2015 11/17/15 Sold $55,000 -15.4% --
10/12/2015 10/12/15 Pending -- -- --
04/16/2015 04/16/15 For Sale $65,000 -- --
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 $2,703 $26,248 $4,332 $21,916
2023 $2,765 $26,248 $4,332 $21,916
2022 $2,644 $24,762 $4,087 $20,675
2021 $2,662 $24,762 $4,087 $20,675
2020 $2,649 $24,762 $4,087 $20,675
2019 $2,740 $24,762 $4,087 $20,675
2018 $2,737 $24,762 $4,087 $20,675
2017 $2,589 $23,511 $4,087 $19,424
2016 $2,487 $22,503 $3,912 $18,591
2015 $1,182 $21,466 $3,732 $17,734
2012 -- $45,124 $4,080 $41,044
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 08892716

Midwest Real Estate Data (MRED)

APN: 21-11-300015