NOT LISTED FOR SALE

113 E 3rd St O Fallon, IL 62269

Estimated Value: $189,000 - $202,000

-- Bed
-- Bath
1,908 Sq Ft
$103/Sq Ft Est. Value

Last Sold April 17, 2020

Last sale price $123,000 $64 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $1,397/month

50 Days on Market

About This Home

As of April 2020

Amazing Investment opportunity in O'Fallon. Conveniently located Triplex with 2 occupied and 1 vacant unit ready for owner occupancy or additional tenant placement. Main level is vacant unit ($675) is a one bedroom with updated bathroom, kitchen and hardwood floors. Main level unit also has access to the full basement with washer/dryer hookup and storage. Upper-level unit is a 1 bed, 1 bath and currently occupied on a term lease renting for $550. There is an additional 1 bed/1 bath stand-alone unit with access off of alley way that is currently rented on an at-will lease for $400

Last Agent to Sell the Property

Courtney Marsh

Red Door Realty Group Inc License #471.020000 Listed on: 02/26/2020

Last Buyer's Agent

Andy Pelak

RE/MAX Preferred License #471004222

RE/MAX Preferred

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1905

Lot Details

  • 7,013 Sq Ft Lot

Home Design

  • 1,908 Sq Ft Home
  • Triplex
  • Vinyl Siding

Parking

  • On-Street Parking
  • Off-Street Parking

Schools

  • Ofallon Dist 90 Elementary And Middle School
  • Ofallon High School

Utilities

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

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 04-29.0-314-006

Property Details

Home Type

Multi-Family

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Multi-Family 2-4
  • Municipality Township: O'Fallon
  • Special Description: No Exemptions
  • Age: 115
  • Ownership: Private
  • Year Built: 1905
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Square Footage: 1908

Exterior Features

  • Construction: Vinyl Siding

Garage/Parking

  • Parking: Off Street, On Street Parking

Utilities

  • Sewer: Public
  • Water: Public
  • Water Heater: Gas
  • Cooling: Central-Electric
  • Heating: Forced Air

Schools

  • Elementary School: OFALLON DIST 90
  • Junior High School: OFALLON DIST 90
  • School District: O Fallon DIST 90
  • Senior High School: OFallon

Lot Info

  • Lot Dimensions: as platted
  • Lot Sq Ft: 7013
  • Acres: 0.1610

Rental Info

  • Tenancy Type: 1 or More Vacant, Leases, Month To Month
  • Tenant Pays: All Utilities

Multi Family

  • Units: 3
  • Type Of Units: 3-Family

Tax Info

  • Prop Asses Cty Tx: Yes
  • Taxes Paid: 3510
  • Assessor Parcel Number: 04-29.0-314-006

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 2, 2020
Sold by
Garlit Lawrence
Bought by
Lcgarlit Llc
Current Estimated Value
$197,333

Purchase Details

Listed on
Feb 26, 2020
Closed on
Apr 17, 2020
Sold by
Redesign Homes & Rentals Llc
Bought by
Garlit Lawrence C
Seller's Agent
Courtney Marsh
Red Door Realty Group Inc
Buyer's Agent
Andy Pelak
RE/MAX Preferred
List Price
$129,900
Sold Price
$123,000
Premium/Discount to List
-$6,900
-5.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.68%
Original Mortgage
$92,250
Outstanding Balance
$82,431
Interest Rate
3.87%
Mortgage Type
New Conventional
Estimated Equity
$114,902

Purchase Details

Listed on
Jul 29, 2018
Closed on
Aug 25, 2018
Sold by
Casey Ann E
Bought by
Reddesign Homes & Rentals Llc
Seller's Agent
Sharon Zrenner
Real Estate Pro's, LLC
Buyer's Agent
Joni Bugger
Re/Max Signature Properties
List Price
$128,900
Sold Price
$118,000
Premium/Discount to List
-$10,900
-8.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.81%
Original Mortgage
$93,450
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 30, 2002
Sold by
Gr Investments Llc
Bought by
Casey Ann E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,336
Interest Rate
6.41%
Mortgage Type
FHA
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
Lcgarlit Llc -- Benedick Title Ins
Garlit Lawrence C $123,000 Benedick Title Ins
Reddesign Homes & Rentals Llc $120,500 Advanced Title Solutions Inc
Casey Ann E $88,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garlit Lawrence C $92,250
Previous Owner Reddesign Homes & Rentals Llc $93,450
Previous Owner Casey Ann E $85,336
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/17/2020 04/17/20 Sold $123,000 -5.3% $64 / Sq Ft
02/26/2020 02/26/20 For Sale $129,900 +10.1% $68 / Sq Ft
10/19/2018 10/19/18 Sold $118,000 -8.5% $175 / Sq Ft View Prior Sale
08/01/2018 08/01/18 Pending -- -- --
07/29/2018 07/29/18 For Sale $128,900 0.0% $192 / Sq Ft
12/30/2014 12/30/14 Rented $475 0.0% --
12/30/2014 12/30/14 For Rent $475 -- --
Source: MARIS MLS

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 $4,325 $59,326 $4,410 $54,916
2023 $3,989 $52,655 $3,914 $48,741
2022 $3,773 $48,409 $3,598 $44,811
2021 $3,707 $46,691 $3,610 $43,081
2020 $3,682 $44,197 $3,417 $40,780
2019 $3,603 $44,197 $3,417 $40,780
2018 $3,510 $42,914 $3,318 $39,596
2017 $3,610 $42,555 $3,460 $39,095
2016 $3,600 $41,561 $3,379 $38,182
2014 $3,334 $41,080 $3,340 $37,740
2013 $2,207 $41,953 $3,289 $38,664
Source: Public Records

Agents Affiliated with this Home

  • Courtney Marsh

    Seller's Agent in 2020

    Courtney Marsh

    Red Door Realty Group Inc

    (618) 900-0082

    93 in this area

    392 Total Sales

    Courtney Marsh
    Section Image

  • A

    Buyer's Agent in 2020

    Andy Pelak

    RE/MAX Preferred

    Section Image

  • S

    Seller's Agent in 2018

    Sharon Zrenner

    Real Estate Pro's, LLC

    (618) 567-4299

    17 in this area

    43 Total Sales

    Sharon Zrenner
    Section Image

  • J

    Buyer's Agent in 2018

    Joni Bugger

    RE/MAX

    Section Image
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Map

Source: MARIS MLS

MLS Number: MIS20012229

MARIS MLS

APN: 04-29.0-314-006

Illinois St. Clair County O'Fallon 62269

113 E 3rd St, O'Fallon, IL

Not Listed for Sale

MultiFamily

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