$38,500
SOLD DEC 4, 2024
-- Bed
-- Bath
924 Sq Ft
1937 Built

Recently Sold

$42 Per Sq Ft

21% Below List Price

16 Days on Market

About This Home

As of December 2024

Just Reduced To $39,900. Great opportunity to purchase a very affordable money making investment property. Two, 1-bedroom houses on one lot. Unit A offers an open floor plan with a spacious bedroom, large walk-in closet, and new floor coverings. Previously rented for $700 a month. Unit B also offers an open floor plan with 1 bedroom and needs some minor plumbing work, repair a couple of windows and cosmetic work. Previously rented for $350 a month.

Last Agent to Sell the Property

Gary Allen

Freedom Realty Brokerage Email: GaryAllennPekin@gmail.com License #475096117 Listed on: 10/28/2024

Last Buyer's Agent

Pam Mason

Century 21 Lincoln National Re License #475136113

Century 21 Lincoln National Re

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,730

Year Built

  • Built in 1937

Lot Details

  • Lot Dimensions are 50 x 110
  • Level Lot

Home Design

  • 924 Sq Ft Home
  • Slab Foundation
  • Shingle Roof
  • Aluminum Siding

Parking

  • 2 Parking Spaces
  • Parking Pad

Schools

  • Pekin Community High School

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Heating System Uses Gas
  • Cable TV Available

Community Details

  • Pekin Gardens Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 04-10-02-327-008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,730

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Residential Income
  • Year Built: 1937
  • New Construction: No
  • Structure Type: One Story, Other
  • PricePerSqFt: 41.67
  • Attribution Contact: GaryAllennPekin@gmail.com
  • Special Features: None

Interior Features

  • Basement: None
  • Interior Amenities: Cable Available

Exterior Features

  • Lot Features: Level
  • Road Surface Type: Curbs & Gutters, Paved
  • Construction Type: Aluminum Siding
  • Foundation Details: Slab
  • Roof: Shingle
  • 100YearPlain: No

Garage/Parking

  • Parking Features: Parking Pad
  • Total Parking Spaces: 2

Utilities

  • Heating: Forced Air, Gas, Wall Unit(s)
  • Water Sewer Expenses: 550
  • Laundry Features: None
  • Water Source: Public Sewer, Public
  • GasExpense: 0
  • NumberOfWaterHeaters: 2
  • NumberOfHeatingUnits: 2
  • NumberOfCentralAirUnits: 0
  • NumberOfGasMeters: 2
  • NumberOfElectricMeters: 2
  • NumberofWaterMeters: 1
  • NumberOfRanges: 0
  • NumberofRefrigerators: 0
  • NumberOfWashers: 0
  • NumberOfDryers: 0
  • NumberOfDishwashers: 0
  • NumberOfWindowUnits: 0

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • AdvertisingExpense: 0

Schools

  • High School: Pekin Community

Lot Info

  • Lot Size: 50 x 110
  • Parcel #: 04-10-02-327-008

Rental Info

  • Tenant Pays: All Utilities
  • Lease Term: Other

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 1729.7
  • TaxExemptions: None

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 12600
  • Annual Operating Expense: 2050

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2024
Closed on
Dec 4, 2024
Sold by
Allen Gary L
Bought by
Marlton Properties 3 Llc
Seller's Agent
Gary Allen
Freedom Realty
Buyer's Agent
Pam Mason
Century 21 Lincoln National Re
List Price
$48,500
Sold Price
$38,500
Premium/Discount to List
-$10,000
-20.62%
Views
32
Current Estimated Value
$53,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,167
Avg. Annual Appreciation
82.85%

Purchase Details

Closed on
Jan 21, 2015
Sold by
Mills Barbara E
Bought by
Allen Gary L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$346,500
Interest Rate
3.94%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Warranty Deed $38,500 None Listed On Document
Warranty Deed $38,500 None Listed On Document
Warranty Deed $300,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $346,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/04/2024 12/04/24 Sold $38,500 -3.5% $42 / Sq Ft
11/16/2024 11/16/24 Pending -- -- --
11/15/2024 11/15/24 Price Changed $39,900 -17.7% $43 / Sq Ft
10/31/2024 10/31/24 For Sale $48,500 -- $52 / Sq Ft
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 $1,730 $20,340 $3,020 $17,320
2023 $1,730 $18,880 $2,800 $16,080
2022 $1,626 $17,600 $2,610 $14,990
2021 $1,542 $16,670 $2,510 $14,160
2020 $1,528 $16,670 $2,510 $14,160
2019 $1,507 $16,670 $2,510 $14,160
2018 $1,468 $16,670 $2,510 $14,160
2017 $1,485 $17,310 $2,510 $14,800
2016 $1,455 $16,970 $2,470 $14,500
2015 $1,414 $0 $0 $0
2013 $1,471 $18,040 $2,470 $15,570
Source: Public Records

Agents Affiliated with this Home

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Map

Source: RMLS Alliance

MLS Number: PA1254204

RMLS Alliance

APN: 04-10-02-327-008