NOT LISTED FOR SALE

1101 Ridgeway Ave Aurora, IL 60506

University Neighbors Neighborhood

Estimated Value: $411,000 - $479,000

6 Beds
6 Baths
-- Sq Ft
0.26 Acres

Last Sold August 28, 2014

Last sale price $225,000

Est. 100% increase in value since last sale

Current estimated payment $3,092/month

23 Days on Market

About This Home

As of August 2014

BANK OWNED! This Multi-unit Offers 6 spacious units. Two 2 bedroom units,Two 1 bedroom Units and 2 studio Units..One unit was recently rehabbed. One of the Units is a separate building on the same Lot. The main Building has 5 units.LDY in Basement! Tenants Pay Gas & Electric! There is plenty of parking! GREAT LOCALE only min to I-88,Metra,shops and schools!Very Nice Investment Property

Last Agent to Sell the Property

Martha Corral

Century 21 Circle - Aurora License #475122778 Listed on: 06/09/2014

Century 21 Circle - Aurora

Last Buyer's Agent

Barbara Illg

Club Group LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,964

Year Built

  • Built in 1929

Lot Details

  • 0.26

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 6 Bathrooms

Parking

  • 14 Parking Spaces
  • Uncovered Parking
  • Parking Included in Price
  • Unassigned Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Well

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 71x161

Community Details

  • 6 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,964

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1929
  • Age: 81-90 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: Full
  • Total Bathrooms: 6
  • Total Bedrooms: 6
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove
  • MRD_AppliancesAndFeatures: Stove
  • MRD_AppliancesAndFeatures: Stove
  • AppliancesAndFeatures: Stove

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Brick

Garage/Parking

  • Parking Features: Unassigned
  • ParkingTotal: 14
  • Number of Cars: 14
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 71X161
  • Zoning: MULTI
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 5
  • Is Parking Included in Price: Yes
  • TenantPays: All

Tax Info

  • Tax Annual Amount: 6963.98
  • Tax Year: 2012

Multi Family

  • Units in Building: 6
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat,Coach House

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2014
Closed on
Jul 29, 2014
Sold by
Old Second National Bank
Bought by
Dtg Investments Llc
Seller's Agent
Martha Corral
Century 21 Circle - Aurora
Buyer's Agent
Barbara Illg
Club Group LLC
List Price
$260,000
Sold Price
$225,000
Premium/Discount to List
-$35,000
-13.46%
Current Estimated Value
$449,660

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$224,660
Avg. Annual Appreciation
6.33%
Original Mortgage
$1,800,262
Outstanding Balance
$1,372,695
Interest Rate
4.11%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$923,035

Purchase Details

Closed on
Apr 15, 2013
Sold by
Marmo Enterprises Inc
Bought by
Old Second National Bank

Purchase Details

Closed on
Nov 11, 2005
Sold by
Crest Dolores A
Bought by
Marmo Joel R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 9, 1996
Sold by
First Financial Bank Fsb
Bought by
Crest Delores A and The D C Ridgeway Trust #110

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,600
Interest Rate
8.5%

Purchase Details

Closed on
May 10, 1996
Sold by
Ramsey Kenneth R
Bought by
First Financial Bank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,600
Interest Rate
8.5%
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
Dtg Investments Llc $225,000 Chicago Title Insurance Co
Old Second National Bank -- None Available
Marmo Joel R $370,000 First American Title
Crest Delores A $222,000 Guaranty National Title
First Financial Bank -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dtg Investments Llc $1,800,262
Previous Owner Marmo Joel R $375,000
Previous Owner Crest Delores A $177,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/28/2014 08/28/14 Sold $225,000 -13.5% --
07/02/2014 07/02/14 Pending -- -- --
06/09/2014 06/09/14 For Sale $260,000 -- --
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 $8,725 $132,060 $11,099 $120,961
2023 $8,434 $117,995 $9,917 $108,078
2022 $8,030 $108,840 $9,048 $99,792
2021 $7,703 $101,332 $8,424 $92,908
2020 $7,340 $94,123 $7,825 $86,298
2019 $7,143 $87,207 $7,250 $79,957
2018 $7,184 $85,189 $6,706 $78,483
2017 $7,419 $85,269 $6,179 $79,090
2016 $6,628 $73,472 $5,297 $68,175
2015 -- $76,264 $4,555 $71,709
2014 -- $71,841 $4,186 $67,655
2013 -- $70,818 $4,126 $66,692
Source: Public Records

Agents Affiliated with this Home

  • Martha Corral

    Seller's Agent in 2014

    Martha Corral

    Century 21 Circle - Aurora

    (630) 989-7036

    1 in this area

    175 Total Sales

    Martha Corral
    Section Image

  • B

    Buyer's Agent in 2014

    Barbara Illg

    Club Group LLC

    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 08639240

Midwest Real Estate Data (MRED)

APN: 15-29-227-030

Illinois Kane County Aurora 60506 University Neighbors

1101 Ridgeway Ave, Aurora, IL

Not Listed for Sale

MultiFamily

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