NOT LISTED FOR SALE

107 E Locust St Normal, IL 61761

Estimated Value: $227,000 - $383,000

8 Beds
4 Baths
-- Sq Ft
8,668 Sq Ft Lot

Last Sold October 15, 2019

Last sale price $220,000

Est. 48% increase in value since last sale

Current estimated payment $2,341/month

13 Days on Market

About This Home

As of October 2019

4 Unit fully rented through May 2020. All four units are in good condition and building in the heart of campus (high demand area). Coin laundry on Site=$241.88 income. Gas: $105 per month. Electric: $85 per month and Water: $110 per month. Insurance: $2742.83 for 7/19-7/20. Tenants need 24 Hr. Notice for showings.

Last Agent to Sell the Property

Bev Virgil

Coldwell Banker Real Estate Group License #475130017 Listed on: 08/13/2019

Coldwell Banker Real Estate Group

Co-Listed By

Tiffany Nord

Coldwell Banker Real Estate Group License #475128487

Last Buyer's Agent

John Albee

BHHS Central Illinois, REALTORS License #475071164

BHHS Central Illinois, REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,690

Year Built

  • Built in 1972

Lot Details

  • 8,668

Home Design

  • Flat Roof Shape
  • Slab Foundation

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 8 Parking Spaces
  • Uncovered Parking
  • Parking Space is Owned

Schools

  • Glenn Elementary School
  • Chiddix Jr High Middle School
  • Normal Community West High School

Utilities

  • Baseboard Heating

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,690

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Other
  • New Construction: No
  • Subdivision Name: Not Applicable
  • Year Built: 1972
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Basement Description: Slab
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • Room: 5

Exterior Features

  • List Price: 249900
  • Roof: Flat
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Brick

Garage/Parking

  • ParkingTotal: 8
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Baseboard
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks
  • Conversion YN: N

Schools

  • Elementary School: Glenn Elementary
  • High School: Normal Community West
  • Middle/Junior School: Chiddix Jr High
  • Middle/Junior School District: 5

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 60W X 132L
  • Zoning: MULTI
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 23
  • TenantPays: None

Tax Info

  • Tax Annual Amount: 6689.96
  • Tax Year: 2018
  • Tax Exemptions: None

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2019
Closed on
Sep 30, 2019
Sold by
Mollsen Adam and Mollsen Catherine
Bought by
Hafner Frederick J
Seller's Agent
Bev Virgil
Coldwell Banker Real Estate Group
Buyer's Agent
John Albee
BHHS Central Illinois, REALTORS
List Price
$249,900
Sold Price
$220,000
Premium/Discount to List
-$29,900
-11.96%
Current Estimated Value
$325,443

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,443
Avg. Annual Appreciation
6.71%
Original Mortgage
$100,000
Outstanding Balance
$69,305
Interest Rate
4.16%
Estimated Equity
$253,880

Purchase Details

Closed on
Mar 24, 2018
Sold by
1St Class Holdings Llc
Bought by
Mollsen Adam and Mollsen Catherine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,000
Interest Rate
4.42%

Purchase Details

Closed on
Jan 27, 2009
Sold by
Mollsen Adam and Mollsen Catherine
Bought by
1St Class Holdings Llc

Purchase Details

Closed on
Jun 27, 2008
Sold by
Rush Capital Llc
Bought by
Mollsen Adam and Mollsen Catherine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,750
Interest Rate
6.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 22, 2008
Sold by
Bank Of Illinois
Bought by
Rush Capital Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Interest Rate
5.93%

Purchase Details

Closed on
Jan 18, 2008
Sold by
Mcamc 1 Llc
Bought by
Bank Of Illinois
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
Hafner Frederick J $220,000 Frontier Title Co
Mollsen Adam -- Attorney
1St Class Holdings Llc -- Multiple
Mollsen Adam $249,000 Frontier Title Co
Rush Capital Llc $190,000 First Community Title
Bank Of Illinois -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hafner Frederick J $100,000
Previous Owner Mollsen Adam $164,000
Previous Owner Mollsen Adam $164,000
Previous Owner Mollsen Adam $186,750
Previous Owner Rush Capital Llc $152,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2019 10/15/19 Sold $220,000 -12.0% --
08/26/2019 08/26/19 Pending -- -- --
08/13/2019 08/13/19 For Sale $249,900 -- --
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 $7,289 $100,310 $28,035 $72,275
2022 $7,289 $81,145 $22,679 $58,466
2021 $7,041 $76,559 $21,397 $55,162
2020 $7,002 $75,764 $21,175 $54,589
2019 $6,765 $75,357 $21,061 $54,296
2018 $6,690 $74,559 $20,838 $53,721
2017 $6,451 $74,559 $20,838 $53,721
2016 $6,381 $74,559 $20,838 $53,721
2015 $6,208 $72,812 $20,350 $52,462
2014 $6,131 $72,812 $20,350 $52,462
2013 -- $72,812 $20,350 $52,462
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10484329

Midwest Real Estate Data (MRED)

APN: 14-28-281-004