NOT LISTED FOR SALE

1101 Kern St Unit 1101 1/2 Normal, IL 61761

Estimated Value: $159,561 - $259,000

10 Beds
4 Baths
-- Sq Ft
1964 Built

Last Sold May 20, 2016

Last sale price $172,000

Est. 10% increase in value since last sale

Current estimated payment $1,287/month

7 Days on Market

About This Home

As of May 2016

Two 2-unit buildings, sold as package and priced "AS IS". Basement dewatering systems and wall repair systems have transferrable lifetime guarantees. Walking distance to ISU campus. Each property has two-car detached garage. Additional two parking spaces on site for 1101 Kern. All tenants have been there over a year. Includes Tax ID #14-32-228-006

Last Agent to Sell the Property

Laura Pritts

AXIS 360 LLC* License #471021573 Listed on: 03/18/2016

Co-Listed By

Greg Yount

AXIS 360 LLC* License #475142130

Last Buyer's Agent

Sean Bozarth

RE/MAX Rising License #475135415

RE/MAX Rising

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,669

Year Built

  • Built in 1964

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Potential Bedrooms
  • 4 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Partial Basement

Parking

  • 6 Parking Spaces
  • Uncovered Parking

Schools

  • Oakdale Elementary School
  • Kingsley Jr High Middle School
  • Normal Community West High Schoo

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • 2-Story Property
  • Lot Dimensions are 160' x 120'

Community Details

Overview

  • 4 Units

Building Details

  • Maintenance Expense $2,488
  • Manager Expense $2,428
  • Gross Income $31,020
  • Net Operating Income $12,426

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,669

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • New Construction: No
  • Subdivision Name: NOT APPLICABLE
  • Year Built: 1964
  • Age: 51-60 Years
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial, Full
  • Total Bathrooms: 4
  • Total Bedrooms: 10
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • Room: 5

Exterior Features

  • List Price: 179900
  • Exterior Building Type: Brick,Aluminum Siding

Garage/Parking

  • ParkingTotal: 6
  • Parking: Space/s
  • Parking On-Site: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air, Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Manager Expense: 2428
  • Conversion YN: N

Fee Information

  • Other Expenses $: 17043

Schools

  • Elementary School: OAKDALE ELEMENTARY
  • High School: NORMAL COMMUNITY WEST HIGH SCHOO
  • Middle/Junior School: KINGSLEY JR HIGH
  • Middle/Junior School District: 5

Lot Info

  • Lot Dimensions: 160' X 120'

Rental Info

  • Board Number: 23
  • TenantPays: Gas,Electric,Sewer,Water

Multi Family

  • Net Operating Income: 12426
  • GrossIncome: 31020
  • Maintenance Expense: 2488
  • Units in Building: 4
  • Type-Multi: 2 Story Unit/s

Tax Info

  • Tax Annual Amount: 6669
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2016
Closed on
May 18, 2016
Sold by
Goebel William M and Barbara L Goebel Trust
Bought by
Tom Yee Ting L and She Yee Ting
Seller's Agent
Laura Pritts
AXIS 360 LLC*
Buyer's Agent
Sean Bozarth
RE/MAX Rising
List Price
$179,900
Sold Price
$172,000
Premium/Discount to List
-$7,900
-4.39%
Current Estimated Value
$189,140

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,140
Avg. Annual Appreciation
0.01%
Original Mortgage
$64,500
Outstanding Balance
$51,767
Interest Rate
3.58%
Mortgage Type
New Conventional
Estimated Equity
$120,322

Purchase Details

Closed on
Jun 6, 2014
Sold by
Country Trust Bank
Bought by
Goebel Barbara L and Barbara L Goebel Trust
Source: Public Records

Range of Values:

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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
Tom Yee Ting L -- --
Goebel Barbara L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tom Yee Ting L $64,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2016 05/20/16 Sold $172,000 -4.4% --
03/25/2016 03/25/16 Pending -- -- --
03/18/2016 03/18/16 For Sale $179,900 -- --
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 $2,803 $38,570 $11,456 $27,114
2022 $2,803 $31,200 $9,267 $21,933
2021 $2,707 $29,436 $8,743 $20,693
2020 $2,692 $29,130 $8,652 $20,478
2019 $2,601 $28,974 $8,606 $20,368
2018 $2,572 $28,667 $8,515 $20,152
2017 $2,481 $28,667 $8,515 $20,152
2016 $2,454 $28,667 $8,515 $20,152
2015 $3,343 $39,205 $8,315 $30,890
2014 $3,301 $39,205 $8,315 $30,890
2013 -- $39,205 $8,315 $30,890
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10195351

Midwest Real Estate Data (MRED)

APN: 14-32-228-007