NOT LISTED FOR SALE

Estimated Value: $192,000 - $361,000

6 Beds
3 Baths
-- Sq Ft
8,756 Sq Ft Lot

Last Sold September 23, 2016

Last sale price $246,000

Est. 7% increase in value since last sale

Current estimated payment $1,914/month

1 Day on Market

About This Home

As of September 2016

Located on ISU Campus in a great location with attractive exterior is this 3 unit apartment building with off street parking. Currently leased.

Last Agent to Sell the Property

Camill Tedrick

RE/MAX Choice License #471002424 Listed on: 08/09/2016

RE/MAX Choice

Last Buyer's Agent

Camill Tedrick

RE/MAX Choice License #471002424 Listed on: 08/09/2016

RE/MAX Choice

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,755

Year Built

  • Built in 1982

Lot Details

  • Lot Dimensions are 66 x 132
  • Corner Lot

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 3 Bathrooms

Parking

  • 8 Parking Spaces
  • Uncovered Parking

Schools

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

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

Overview

  • 3 Units
  • Illinois State U Subdivision

Building Details

  • Maintenance Expense $1,481
  • Manager Expense $2,394
  • Gross Income $30,243
  • Net Operating Income $9,846

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,755

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • New Construction: No
  • Subdivision Name: Illinois State U
  • Year Built: 1982
  • Age: 31-40 Years
  • Legal Description: 1ST ADDN TO NORMAL LOT 10 BLK 3
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 3
  • Total Bedrooms: 6
  • Basement Description: Other,None
  • Below Grade Bedrooms: 0

Exterior Features

  • Lot Features: Corner Lot
  • Exterior Building Type: Brick

Garage/Parking

  • ParkingTotal: 8
  • 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: 2394
  • Conversion YN: N

Fee Information

  • Other Expenses $: 20397

Schools

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

Lot Info

  • Lot Dimensions: 66 X 132

Multi Family

  • Net Operating Income: 9846
  • GrossIncome: 30243
  • Maintenance Expense: 1481
  • Units in Building: 3
  • Type-Multi: 2 Story Unit/s,Other

Tax Info

  • Tax Annual Amount: 4755
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 2, 2018
Sold by
Mulcahey Larry P and Mulcahey Judith A
Bought by
Esp Il 1 Llc
Current Estimated Value
$264,263

Purchase Details

Closed on
Sep 24, 2008
Sold by
Gamache Rene E
Bought by
Gamache Rene E and Rene E Gamache Revocable Trust

Purchase Details

Closed on
Feb 22, 2008
Sold by
Chicago Title Land Trust Company
Bought by
Gamache Rene E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,000
Interest Rate
5.74%
Mortgage Type
Purchase Money Mortgage
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
Esp Il 1 Llc -- Attorney
Gamache Rene E -- None Available
Gamache Rene E $600,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gamache Rene E $182,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/23/2016 09/23/16 Sold $246,000 +2.5% --
08/10/2016 08/10/16 Pending -- -- --
08/09/2016 08/09/16 For Sale $240,000 -- --
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 $6,316 $77,791 $21,033 $56,758
2022 $5,653 $62,928 $17,014 $45,914
2021 $5,460 $59,371 $16,052 $43,319
2020 $5,430 $58,754 $15,885 $42,869
2019 $5,246 $58,439 $15,800 $42,639
2018 $5,188 $57,821 $15,633 $42,188
2017 $5,003 $57,821 $15,633 $42,188
2016 $4,949 $57,821 $15,633 $42,188
2015 $4,814 $56,466 $15,267 $41,199
2014 $4,755 $56,466 $15,267 $41,199
2013 -- $56,466 $15,267 $41,199
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10195378

Midwest Real Estate Data (MRED)

APN: 14-28-229-010