NOT LISTED FOR SALE

1315 Parmele St Rockford, IL 61104

Midtown District Neighborhood

Estimated Value: $156,000 - $215,000

8 Beds
4 Baths
-- Sq Ft
0.28 Acres

Last Sold May 17, 2018

Last sale price $95,000

Est. 81% increase in value since last sale

Current estimated payment $1,251/month

126 Days on Market

About This Home

As of May 2018

GREAT EARNING POTENTIALS WITH THIS 4 UNITS ALL BRICK BUILDING. LOCATED ON A QUIET STREET BEHIND THE NEW POLICE STATION ON BROADWAY. ALL 2 BEDROOM APARTMENTS WITH 2 ENCLOSED PORCHES EACH. ALWAYS RENTED. MAINTENANCE (TENANT) LIVE ON THE PREMISES. RENTED FOR THE LOWEST $595 PER APARTMENT AND UP. MANY UPDATES THROUGH THE LONG TERM OWNERSHIP. LEAD FREE CERTIFIED BUILDING, METAL ROOF, DOUBLE HUNG VINYL WINDOWS, HARDWOOD FLOORS AND CARPET, 4 NEWER FURNACES, 4 NEWER WATER HEATERS. FULL BASEMENT WITH STORAGE'S AND LAUNDRY SETUP (EXTRA INCOME FROM THE LAUNDRY), 4 PARKING SPACES. SEPARATE UTILITIES FOR EACH APARTMENT (TENANTS PAY GAS AND ELECTRICITY). CURRENT AVERAGE OWNER EXPENSES:W/S/R 200/MTH., INSURANCE $470/YEAR,. INVESTORS WELCOME. GREAT FIRST TIME HOME BUYER OPPORTUNITY!!!

Last Agent to Sell the Property

Rusen Rusev

Runway Realty Inc License #471017132 Listed on: 10/03/2017

Last Buyer's Agent

Alam Chunawala

Coldwell Banker Realty License #475167665

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,486

Year Built

  • Built in 1925

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 67x181

Home Design

  • Brick Exterior Construction
  • Metal Roof

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms

Basement

  • Basement Fills Entire Space Under The House

Parking

  • 4 Parking Spaces
  • Uncovered Parking
  • Parking Included in Price

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 4 Units
  • Woodruffs Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,486

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Subdivision Name: WOODRUFFS
  • Year Built: 1925
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Other Equipment: CO Detectors
  • Basement Description: Other
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator
  • Room: 5

Exterior Features

  • Foundation Details: Other
  • List Price: 104900
  • Roof: Metal
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • ParkingTotal: 4
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Schools

  • Middle/Junior School District: 205

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.28
  • Lot Dimensions: 67X181
  • Zoning: MULTI
  • Lot Size: 1.0-1.99 Acres
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes
  • TenantPays: Electric,Gas,Heat

Tax Info

  • Tax Annual Amount: 3486
  • Tax Year: 2016
  • Tax Exemptions: None

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2017
Closed on
Mar 24, 2018
Sold by
Goranco Gjeorgievska and Goranco Suzana
Bought by
Zaidi Abal Q
Seller's Agent
Rusen Rusev
Runway Realty Inc
Buyer's Agent
Alam Chunawala
Coldwell Banker Realty
List Price
$104,900
Sold Price
$95,000
Premium/Discount to List
-$9,900
-9.44%
Current Estimated Value
$171,627

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,627
Avg. Annual Appreciation
8.23%
Original Mortgage
$71,250
Interest Rate
4.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 16, 2003
Bought by
Gjeorgievska Goranco and Gjeorgievska Suzana
Source: Public Records

Range of Values:

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Average Value
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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
Zaidi Abal Q $95,000 Old Republic Title
Zaidi Abal Q $95,000 New Title Company Name
Gjeorgievska Goranco $105,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Zaidi Abal Q $71,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/17/2018 05/17/18 Sold $95,000 -9.4% --
02/06/2018 02/06/18 Pending -- -- --
10/03/2017 10/03/17 For Sale $104,900 -- --
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 $3,794 $40,041 $4,442 $35,599
2023 $3,666 $35,307 $3,917 $31,390
2022 $3,606 $31,558 $3,501 $28,057
2021 $3,546 $28,936 $3,210 $25,726
2020 $3,517 $27,355 $3,035 $24,320
2019 $3,493 $26,073 $2,893 $23,180
2018 $3,518 $24,571 $2,726 $21,845
2017 $3,489 $23,515 $2,609 $20,906
2016 $3,486 $23,074 $2,560 $20,514
2015 $3,529 $23,074 $2,560 $20,514
2014 $3,433 $23,076 $3,200 $19,876
Source: Public Records

Agents Affiliated with this Home

  • Rusen Rusev

    Seller's Agent in 2018

    Rusen Rusev

    Runway Realty Inc

    (847) 507-0663

    175 Total Sales

    Section Image
  • Alam Chunawala

    Buyer's Agent in 2018

    Alam Chunawala

    Coldwell Banker Realty

    (773) 677-1046

    124 Total Sales

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09767578

Midwest Real Estate Data (MRED)

APN: 11-25-361-011

Illinois Winnebago County Rockford 61104 Midtown District

1315 Parmele St, Rockford, IL

This home is located at 1315 Parmele St, Rockford, IL 61104 since 03 October 2017 and is currently estimated at $182,995. This property was built in 1925. 1315 Parmele St is a home located in Winnebago County with nearby schools including Constance Lane Elementary School, Abraham Lincoln Middle School, and Rockford East High School.

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