NOT LISTED FOR SALE

Estimated Value: $365,968

12 Beds
6 Baths
-- Sq Ft
0.78 Acres

Last Sold September 28, 2021

Last sale price $275,000

Est. 33% increase in value since last sale

Current estimated payment $2,804/month

39 Days on Market

About This Home

As of September 2021

Clean and well maintained 6 unit apartment building on Dixon's north side. Lots of Parking. All units are 2 bedrooms with front interior entrance and back fire exits. Units are all electric with baseboard heat and central air paid by tenants. Lots of interior updates. Adjacent multi-family lot is included. 4 total lots on 1 parcel. Call listing agent for details.

Last Agent to Sell the Property

David DeVries

Xtreme Realty License #471006544 Listed on: 07/07/2021

Co-Listed By

Tracy DeVries

Xtreme Realty License #475161740

Last Buyer's Agent

JD Gieson

RE/MAX of Rock Valley License #475189224

RE/MAX of Rock Valley

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,626

Year Built

  • Built in 1974

Lot Details

  • 0.78 Acre Lot
  • Lot Dimensions are 200 x 171.35

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Masonite

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Utilities

  • Central Air
  • Baseboard Heating

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat

Community Details

Overview

  • 6 Units

Building Details

  • Operating Expense $16,740
  • Gross Income $45,300
  • Net Operating Income $28,560

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,626

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 2
  • Year Built: 1974
  • Built Before 1978 (Y/N): Yes
  • Information: 48-Hr Notice Required,No Sign on Property
  • Estimated Age: 36-50 Years
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 12
  • Refrigerators: 6
  • Ranges: 6
  • Room: 0

Exterior Features

  • Frontage Type: City Street
  • Exterior Building Type: Masonite

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heat/Ventilation: Electric,Baseboard

Condo/Co-op/Association

  • Owners Association (Y/N): No

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.78
  • Lot Dimensions: 200 X 171.35
  • Lot Size Sq Ft: 34270

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Board Number: 19

Multi Family

  • Net Operating Income: 28560
  • GrossIncome: 45300
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 16740
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 9625.98
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2021
Closed on
Sep 8, 2021
Sold by
In Good Co Events Inc
Bought by
Gsn Rental Properties Llc
Seller's Agent
David DeVries
Xtreme Realty
Buyer's Agent
JD Gieson
RE/MAX of Rock Valley
List Price
$329,000
Sold Price
$275,000
Premium/Discount to List
-$54,000
-16.41%
Current Estimated Value
$365,968

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$90,968
Avg. Annual Appreciation
7.25%
Original Mortgage
$207,000
Outstanding Balance
$43,747
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$327,784
Source: Public Records
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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
Gsn Rental Properties Llc $275,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gsn Rental Properties Llc $207,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/28/2021 09/28/21 Sold $275,000 -16.4% --
08/16/2021 08/16/21 Pending -- -- --
07/07/2021 07/07/21 For Sale $329,000 +22.3% --
07/28/2015 07/28/15 Sold $269,000 -3.9% -- View Prior Sale
06/29/2015 06/29/15 Pending -- -- --
06/05/2015 06/05/15 For Sale $279,900 -- --
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 $10,677 $114,129 $27,292 $86,837
2023 $10,389 $108,694 $25,992 $82,702
2022 $10,389 $106,562 $25,482 $81,080
2021 $10,010 $101,488 $24,269 $77,219
2020 $9,626 $96,655 $23,113 $73,542
2019 $9,399 $93,840 $22,440 $71,400
2018 $8,723 $92,000 $22,000 $70,000
2017 $8,450 $86,048 $21,121 $64,927
2016 $8,239 $83,542 $20,506 $63,036
2015 $7,911 $83,542 $20,506 $63,036
2014 $7,766 $83,542 $20,506 $63,036
2013 $7,621 $83,542 $20,506 $63,036
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11147682

Midwest Real Estate Data (MRED)

APN: 07-02-32-104-022