NOT LISTED FOR SALE

112 Pin Oak Dr Pekin, IL 61554

North of Broadway Neighborhood

Estimated Value: $92,000 - $278,000

-- Bed
-- Bath
-- Sq Ft
10,019 Sq Ft Lot

Last Sold July 14, 2021

Last sale price $370,000

Est. 50% decrease in value since last sale

Current estimated payment $997/month

291 Days on Market

About This Home

As of July 2021

8 Unit multi family development on Cul de sac in Pekin. Property is single story brick and well maintained. 2 four unit buildings for a total of 8 units. Property is income producing from day one. Market will support much higher rents than currently in place. Property is currently 100% occupied with little vacancy loss under current owner.

Last Agent to Sell the Property

Amber Neal

Jim Maloof Realty, Inc. License #475178998 Listed on: 09/10/2020

Jim Maloof Realty, Inc.

Last Buyer's Agent

Josh Graham

RE/MAX Traders Unlimited License #475173510

RE/MAX Traders Unlimited

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $12,707

Year Built

  • Built in 1966

Lot Details

  • 10,019

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for cooling, electric, gas, heating
  • The owner pays for common area maintenance, common area, trash, water/sewer

Property Details

Property Type

Other

Est. Annual Taxes

$12,707

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Multi-Family
  • Lvt Date: 09/10/2020
  • Year Built: 1966
  • Miscellaneous: Pets Approved
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpeted, Other Flooring, Tile/Vinyl
  • Total Building Sq Ft: 8192

Exterior Features

  • Exterior Finish: Brick
  • Frontage Access: Cul-De-Sac
  • Insulation: Partial, Party Walls
  • Roof Construction: Comp Shingle
  • Wall Construction: Brick, Frame

Garage/Parking

  • Garages: Yes

Utilities

  • Electric Company: Ameren
  • Cooling: Central Air
  • Heating: Forced Air, Gas, Individual Units
  • Water Supply: City on Premises
  • Gas Company: Ameren

Association/Amenities

  • Amenities: Cable

Lot Info

  • Zoning: Imp Resid
  • Estimated Land Size: 105X125 / 132X125 /80X125
  • Geo Subdivision: IL
  • Lot Size Remarks: Three separate Lots
  • Parcel 3: 05-05-31-402-006
  • Property Use: Other Property Use

Rental Info

  • Common Laundry: Yes
  • Owner Pays: Common Area Maint, Common Area, Trash, Water/Sewer
  • Tenant Pays: Cooling, Electric, Gas, Heating
  • Terms Lease: Other Term/Lease

Tax Info

  • Annual Taxes: 12707.11
  • Parcel Id Number Tax Id: 05-05-31-402-004
  • Tax Incentive: None
  • Tax Year: 2019

Multi Family

  • Total Number Units: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2020
Closed on
Jul 14, 2021
Sold by
Oltmann Kenneth Lee
Bought by
Authentic Oak Llc
Seller's Agent
Amber Neal
Jim Maloof Realty, Inc.
Buyer's Agent
Josh Graham
RE/MAX Traders Unlimited
List Price
$430,000
Sold Price
$370,000
Premium/Discount to List
-$60,000
-13.95%
Current Estimated Value
$185,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$185,000
Avg. Annual Appreciation
-14.92%
Original Mortgage
$296,000
Outstanding Balance
$268,574
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
-$83,574

Purchase Details

Listed on
Sep 10, 2020
Closed on
Jun 23, 2021
Sold by
Kevin Bailey
Bought by
Goetze Melissa
Seller's Agent
Amber Neal
Jim Maloof Realty, Inc.
Buyer's Agent
Josh Graham
RE/MAX Traders Unlimited
List Price
$430,000
Sold Price
$370,000
Premium/Discount to List
-$60,000
-13.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,000
Outstanding Balance
$268,574
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
-$83,574
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
Authentic Oak Llc $370,000 None Available
Goetze Melissa -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Authentic Oak Llc $296,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/14/2021 07/14/21 Sold $370,000 -14.0% --
06/28/2021 06/28/21 Pending -- -- --
09/10/2020 09/10/20 For Sale $430,000 -- --
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 $283 $3,630 $3,630 --
2023 $283 $3,330 $3,330 --
2022 $264 $3,080 $3,080 $0
2021 $252 $2,960 $2,960 $0
2020 $251 $2,960 $2,960 $0
2019 $244 $2,960 $2,960 $0
2018 $238 $2,960 $2,960 $0
2017 $239 $3,040 $3,040 $0
2016 $234 $2,950 $2,950 $0
2015 $224 $0 $0 $0
2013 $220 $2,950 $2,950 $0
Source: Public Records

Agents Affiliated with this Home

  • Amber Neal

    Seller's Agent in 2021

    Amber Neal

    Jim Maloof Realty, Inc.

    (309) 696-9310

    8 in this area

    147 Total Sales

    Amber Neal
    Section Image
  • Josh Graham

    Buyer's Agent in 2021

    Josh Graham

    RE/MAX

    (309) 258-0543

    9 in this area

    517 Total Sales

    Josh Graham
    Section Image
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Map

Source: RMLS Alliance

MLS Number: PA1218670

RMLS Alliance

APN: 05-05-31-402-006

Illinois Tazewell County Pekin 61554 North of Broadway

112 Pin Oak Dr, Pekin, IL

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