NOT LISTED FOR SALE

108 N Spruce St Washington, IL 61571

Estimated Value: $160,077 - $206,000

5 Beds
2 Baths
2,394 Sq Ft
$76/Sq Ft Est. Value

Last Sold November 21, 2022

Last sale price $120,000 $50 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $1,256/month

6 Days on Market

About This Home

As of November 2022

Ever dreamed of buying your first rental property or maybe you're ready to add to your portfolio? Live in one and rent the other? Whichever way you choose, this package offers two-separate ranch style units and endless possibilities! Must be sold together but bonus-only one tax bill! Unit 110 was built in 1949 & has a log exterior, 3 bedrooms & rustic knotty pine interior walls. Unit 108 was built in 1956 with 2 bedrooms, new roof in 2014, new A/C in 2021 & has a covered back deck. Both units feature large covered carports that allow extra storage space, plus covered front porches.

Last Agent to Sell the Property

Keesa Brown

Keller Williams Premier Realty License #475117631 Listed on: 10/29/2022

Keller Williams Premier Realty

Last Buyer's Agent

Keesa Brown

Keller Williams Premier Realty License #475117631 Listed on: 10/29/2022

Keller Williams Premier Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,955

Year Built

  • Built in 1949

Lot Details

  • 0.34

Home Design

  • Slab Foundation

Schools

  • Washington High School

Additional Features

  • 1-Story Property
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,955

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: 1 Story
  • Legal Description: SEC 24 T26N R3W SMITHS ADDN LOTS 4 & 5 & S 7' OF
  • Lvt Date: 10/29/2022
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Cable Tv Available
  • Basement: Slab
  • Price Per Sq Ft: 50.13
  • Total Sq Ft: 2394

Exterior Features

  • Exterior: Log, Wood Siding
  • Road Access: Curbs & Gutters, Paved
  • Roofing: Shingles

Garage/Parking

  • Garage Parking: Carport, Parking Slab
  • Number Parking Spaces: 6

Utilities

  • Heating Cooling: 2+ Heating Systems, Forced Air, Gas, Hot Water, 2+ Cooling Systems, Central Air
  • Water Sewer: Public Sewer, Public Water
  • Laundry Facilities: Private, Units Hook-Ups

Schools

  • High School: Washington

Lot Info

  • Estimated Lot Size: .25 acres
  • Lot Description: Level
  • Subdivision: Smith 1st Add
  • Geo Subdivision: IL

Rental Info

  • Tenant Pays: All Utilities
  • Gross Annual Rent Income: 19200

Tax Info

  • Annual Taxes: 4954.61
  • Parcel Id Number Tax Id: 02-02-24-105-011
  • Tax Year: 2021

Multi Family

  • Total Number Units: 2
  • Gross Annual Income: 19200
  • Total Number Central Air 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
Oct 29, 2022
Closed on
Nov 21, 2022
Sold by
Hollaway Stephanie L
Bought by
Magenta Holdings Llc
Seller's Agent
Keesa Brown
Keller Williams Premier Realty
Buyer's Agent
Keesa Brown
Keller Williams Premier Realty
List Price
$139,900
Sold Price
$120,000
Premium/Discount to List
-$19,900
-14.22%
Views
21
Current Estimated Value
$182,019

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,019
Avg. Annual Appreciation
14.29%

Purchase Details

Closed on
Feb 16, 2022
Sold by
Hollaway Stephanie L
Bought by
Hollaway Stephanie L and Roush Catrina L

Purchase Details

Closed on
Dec 27, 2007
Sold by
Schumm David E and Schumm Kelly D
Bought by
Hollaway Keith C and Hollaway Stephanie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Magenta Holdings Llc $120,000 --
Hollaway Stephanie L -- None Listed On Document
Hollaway Keith C $140,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hollaway Keith C $70,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/21/2022 11/21/22 Sold $120,000 -14.2% $50 / Sq Ft
11/04/2022 11/04/22 Pending -- -- --
10/29/2022 10/29/22 For Sale $139,900 -- $58 / 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 $3,661 $46,160 $14,790 $31,370
2023 $3,661 $42,820 $13,720 $29,100
2022 $5,109 $58,320 $12,820 $45,500
2021 $4,924 $56,880 $12,500 $44,380
2020 $4,853 $56,880 $12,500 $44,380
2019 $4,762 $56,880 $12,500 $44,380
2018 $4,677 $56,880 $12,500 $44,380
2017 $4,558 $53,750 $11,810 $41,940
2016 $4,446 $53,750 $11,810 $41,940
2015 $4,368 $0 $0 $0
2013 $4,121 $53,750 $11,810 $41,940
Source: Public Records

Agents Affiliated with this Home

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Map

Source: RMLS Alliance

MLS Number: RMAPA1238688

RMLS Alliance

APN: 02-02-24-105-011