NOT LISTED FOR SALE

107 1st Ave Rock Falls, IL 61071

Estimated Value: $766,879

-- Bed
-- Bath
1,600 Sq Ft
$479/Sq Ft Est. Value

Last Sold September 23, 2013

Last sale price $795,000 $497 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $5,849/month

About This Home

As of September 2013

Located on 1st Avenue (Hwy 40) and 2nd Street. Other tenants; Anytime Fitness and Verizon. Priced to sell at an 8% cap rate based on actual current income. Call LA for income and expenses. Will need to sign a confidentiality agreement.

Last Agent to Sell the Property

Margery Stratton

Mel Foster Co. Commercial License #B15127000/471.001981 Listed on: 05/14/2013

Mel Foster Co. Commercial

Co-Listed By

Michael Minard

Jones Lang LaSalle Brokerage, Inc. License #S42639000/475.136684

Last Buyer's Agent

Margery Stratton

Mel Foster Co. Commercial License #B15127000/471.001981 Listed on: 05/14/2013

Mel Foster Co. Commercial

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $21,917

Year Built

  • Built in 1999

Lot Details

  • 0.62

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for all

Property Details

Property Type

Other

Est. Annual Taxes

$21,917

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Retail
  • Year Built: 1999
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Reinforced Concrete
  • Min Ceiling Ht Feet: 8
  • Total Building Sq Ft: 6646
  • Estimated Lot Sq Ft: 269920

Exterior Features

  • Exterior Finish: Stucco, Glass
  • Frontage Access: City Street
  • Insulation: Roof, Side Walls
  • Roof Construction: Metal, Flat
  • Wall Construction: Block

Garage/Parking

  • Numberparking Spaces Allocated: 25

Utilities

  • Cooling: Central Air
  • Heating: Forced Air

Lot Info

  • Estimated Number of Acres: 0.62
  • Zoning: B-2
  • Geo Subdivision: IL

Rental Info

  • Lease Dollar Sq Ft: 11
  • Owner Pays: None
  • Sale Lease Includes: Building, Land
  • Tenant Pays: All
  • Terms Lease: 3 Years, 4 Years, 5 Years, Other Term/Lease

Tax Info

  • Annual Taxes: 21917
  • Parcel Id Number Tax Id: 1128278001
  • Tax Incentive: In City Limit
  • Tax Year: 2010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 25, 2024
Sold by
Jw Rock Falls Llc
Bought by
On The Rock Properties Llc
Current Estimated Value
$766,879

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Outstanding Balance
$186,108
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$580,771
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
On The Rock Properties Llc $682,500 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open On The Rock Properties Llc $720,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/23/2013 09/23/13 Sold $795,000 -3.6% $497 / Sq Ft
08/26/2013 08/26/13 Pending -- -- --
05/14/2013 05/14/13 For Sale $825,000 -- $516 / 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 $21,795 $198,698 $49,804 $148,894
2023 $22,288 $198,698 $49,804 $148,894
2022 $22,977 $198,698 $49,804 $148,894
2021 $23,355 $198,698 $49,804 $148,894
2020 $23,790 $198,698 $49,804 $148,894
2019 $23,364 $198,698 $49,804 $148,894
Source: Public Records

Agents Affiliated with this Home

  • Margery Stratton

    Seller's Agent in 2013

    Margery Stratton

    Mel Foster Co. Commercial

    (563) 823-5277

    23 Total Sales

    Margery Stratton
    Section Image

  • M

    Seller Co-Listing Agent in 2013

    Michael Minard

    Jones Lang LaSalle Brokerage, Inc.

    Section Image
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Map

Source: RMLS Alliance

MLS Number: RMAQC7029311

RMLS Alliance

APN: 1128278005

Illinois Whiteside County Rock Falls 61071

107 1st Ave, Rock Falls, IL

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RMLS Alliance IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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