NOT LISTED FOR SALE

1340 5th Ave Rockford, IL 61104

Midtown District Neighborhood

Estimated Value: $32,232 - $122,000

4 Beds
2 Baths
1,952 Sq Ft
$49/Sq Ft Est. Value

Last Sold January 06, 2017

Last sale price $16,500 $8 Per Sq Ft

Est. 476% increase in value since last sale

Current estimated payment $632/month

435 Days on Market

Highlights

  • Deck
  • Fenced Yard
  • Forced Air Heating and Cooling System

About This Home

As of January 2017

MONEY MAKER! BOTH UNITS RENTED OUT BRINGING IN OVER $1100.00 PER MONTH. UPPER AND LOWER HAVE 2 BEDROOMS & 1 BATH EACH. BATHS HAVE NEWER CARPET & PAINT PLUS EACH HAVE A STOVE, FRIG & CEILING FANS. LOWER HAS CENTRAL AIR, 1 CAR GARAGE, LAUNDRY HOOKUP IN BASEMENT & A DECK. UPPER HAS 2 ENTRANCES & NEW SHOWER STALL. PARKING ON STREET. FURNACES APPROX 5 YEARS OLD. FENCED BACK YARD. SOLD "AS IS" INCLUDING ALL APPLIANCES. RENTS FOR LOWER UNIT IS $585, UPPER UNIT IS $535.

Last Agent to Sell the Property

Gail Caplinger

DICKERSON & NIEMAN License #475129614 Listed on: 09/29/2015

DICKERSON & NIEMAN

Last Buyer's Agent

Ursula Davidson

Keller Williams Realty Signature License #475100898

Keller Williams Realty Signature

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 0.25

Parking

  • 1 Car Parking Space

Home Design

  • Duplex
  • Shingle Roof

Interior Spaces

  • 1,952 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven
  • Stove

Schools

  • John Nelson Elementary School
  • Abraham Lincoln Middle School
  • Rockford East High School

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Gas Water Heater

Additional Features

  • Deck
  • Fenced Yard

Community Details

  • 2 Units
  • 2-Story Building

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Appliances That Stay or Are Included: Refrigerator, Stove/Cooktop, Oven
  • Class: MULTIFAMILY
  • Estimated Above Grade Sq Ft: 1952
  • Front: 66
  • General Features: Deck, Fenced Yard
  • Legal Description: EH POTTERS ADDN LOT 017 BLOCK 007
  • Rear: 66
  • Side 1: 165
  • Side 2: 165
  • Style: 2 Story
  • Type: 2 Units
  • Total Assessed Value: 33840
  • Number Of Floors In Bldg: 2
  • Number Of Tenants In Bldg: 2
  • Number Of Units In Bldg: 2
  • Agent Only_ L A1 User Code: 5928
  • Elementary School: John Nelson Elementary
  • Pertinent Facts: MONEY MAKER! BOTH UNITS RENTED OUT BRINGING IN OVER $1100.00 PER MONTH. UPPER AND LOWER HAVE 2 BEDROOMS & 1 BATH EACH. BATHS HAVE NEWER CARPET & PAINT PLUS EACH HAVE A STOVE, FRIG & CEILING FANS. LOWER HAS CENTRAL AIR, 1 CAR GARAGE, LAUNDRY HOOKUP IN BASEMENT & A DECK. UPPER HAS 2 ENTRANCES & NEW SHOWER STALL. PARKING ON STREET. FURNACES APPROX 5 YEARS OLD. FENCED BACK YARD. SOLD "AS IS" INCLUDING ALL APPLIANCES. RENTS FOR LOWER UNIT IS $585, UPPER UNIT IS $535.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Roof: Shingle

Garage/Parking

  • Total Numberof Parking Spaces: 1

Utilities

  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: City
  • Water: City
  • Water Heater: Gas
  • Separate Utilities: Yes

Building Info

  • Year Built: 1900

Tax Info

  • Year: 2015
  • Taxes: 1643

MLS Schools

  • HighSchool: Rockford East High
  • School District: Rockford 205
  • Middle School: Abraham Lincoln Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2015
Closed on
Jan 6, 2017
Sold by
Merrick James W and Merrick Lorena M
Bought by
Culvey Peter
Seller's Agent
Gail Caplinger
DICKERSON & NIEMAN
Buyer's Agent
Ursula Davidson
Keller Williams Realty Signature
List Price
$35,000
Sold Price
$16,500
Premium/Discount to List
-$18,500
-52.86%
Current Estimated Value
$95,058

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,558
Avg. Annual Appreciation
21.99%

Purchase Details

Closed on
Feb 25, 1993
Bought by
Merrick James W and Merrick Lorena M
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
Culvey Peter $16,500 Attorney Only
Merrick James W $32,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/06/2017 01/06/17 Sold $16,500 -52.9% $8 / Sq Ft
12/07/2016 12/07/16 Pending -- -- --
09/29/2015 09/29/15 For Sale $35,000 -- $18 / Sq Ft
Source: NorthWest Illinois Alliance of REALTORS®

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 $1,584 $16,713 $2,434 $14,279
2023 $1,518 $14,620 $2,145 $12,475
2022 $1,493 $13,067 $1,917 $11,150
2021 $1,469 $11,982 $1,758 $10,224
2020 $1,456 $11,327 $1,662 $9,665
2019 $1,446 $10,796 $1,584 $9,212
2018 $1,452 $10,175 $1,493 $8,682
2017 $1,445 $9,738 $1,429 $8,309
2016 $1,623 $10,742 $1,402 $9,340
2015 $822 $10,742 $1,402 $9,340
2014 $1,775 $11,931 $1,756 $10,175
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2017

    Gail Caplinger

    DICKERSON & NIEMAN

    Section Image

  • U

    Buyer's Agent in 2017

    Ursula Davidson

    Keller Williams Realty Signature

    Section Image
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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 201506207

NorthWest Illinois Alliance of REALTORS®

APN: 11-25-153-022

Illinois Winnebago County Rockford 61104 Midtown District

1340 5th Ave, Rockford, IL

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