NOT LISTED FOR SALE

Estimated Value: $473,000 - $705,000

9 Beds
7 Baths
-- Sq Ft
0.5 Acre Lot

Sale Details

Date Sold: December 6, 2019

Last sale price $285,000

Est. 107% increase in value since last sale

Current estimated payment $4,331 / mo

94 Days on Market

Highlights

  • 0.5 Acre Lot
  • American Four Square Architecture
  • Patio
  • Wooded Lot
  • Porch
  • Paved or Partially Paved Lot

About This Home

As of December 2019

100 + year old 4 unit building in convenient close to downtown location. This opportunity is fully leased and has full occupancy for many years. The low rents provide the savvy investor with the opportunity to increase net income almost immediately increasing cash flow. The units consist of one 5 BR unit, a 3 BR unit, a 2 BR unit and a studio.There is also a barn which could be converted to a 3 car garage providing increased revenue as well. Call for a private showing today.

Last Agent to Sell the Property

John Gillespie

RE/MAX Action License #475079704 Listed on: 08/13/2019

RE/MAX Action

Co-Listed By

Karen Alexa-Gillespie

RE/MAX Action License #475089742

Last Buyer's Agent

James Janicke

Hearth & Home Real Estate LLC License #475165439

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,489

Year Built

  • Built in 1920

Lot Details

  • 21,780 Sq Ft Lot
  • Lot Dimensions are 66x327
  • Paved or Partially Paved Lot
  • Wooded Lot

Home Design

  • American Four Square Architecture
  • Brick Exterior Construction
  • Stone Foundation
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Potential Bedrooms
  • 7 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Basement Cellar

Parking

  • 10 Parking Spaces
  • Driveway
  • Uncovered Parking
  • Off-Street Parking
  • Parking Included in Price
  • Unassigned Parking

Outdoor Features

  • Patio
  • Porch

Utilities

  • Heating System Uses Natural Gas

Community Details

Overview

  • 4 Units

Building Details

  • Fuel Expense $1,200
  • Insurance Expense $2,184
  • Maintenance Expense $1,000
  • Manager Expense $1,920
  • Water Sewer Expense $2,800
  • Gross Income $38,400
  • Net Operating Income $19,807

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,489

Year Built

Built in 1920

Lot Details

0.5 Acres

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: American 4-Sq.
  • New Construction: No
  • Year Built: 1920
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 7
  • Total Bedrooms: 9
  • Basement Description: Unfinished,Cellar,Exterior Access
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • ExteriorFeatures: Patio, Porch
  • Foundation Details: Concrete Perimeter, Stone
  • Lot Features: Wooded
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Unassigned, Off Street, Driveway
  • ParkingTotal: 10
  • Number of Cars: 10
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Manager Expense: 1920
  • Community Features: Sidewalks, Street Lights, Street Paved
  • Conversion YN: N

Fee Information

  • Water Sewer Expenses: 2800

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.5
  • Lot Dimensions: 66X327
  • Zoning: MULTI
  • Lot Size: .50-.99 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes
  • TenantPays: Electric,Gas

Multi Family

  • Net Operating Income: 19807
  • Fuel Expense: 1200
  • Insurance Expense: 2184
  • GrossIncome: 38400
  • Maintenance Expense: 1000
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 9489
  • Tax Year: 2018
  • Tax Exemptions: None

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2019
Closed on
Dec 2, 2019
Sold by
Bought by
Seller's Agent
John Gillespie
RE/MAX Action
Buyer's Agent
James Janicke
Hearth & Home Real Estate LLC
List Price
$285,000
Sold Price
$285,000
Current Estimated Value
$590,775

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$305,775
Avg. Annual Appreciation
11.57%
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$285,000 None Available
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/06/2019 12/06/19 Sold $285,000 0.0% --
11/13/2019 11/13/19 Pending -- -- --
10/30/2019 10/30/19 For Sale $285,000 0.0% --
09/24/2019 09/24/19 Pending -- -- --
08/28/2019 08/28/19 For Sale $285,000 0.0% --
08/16/2019 08/16/19 Pending -- -- --
08/11/2019 08/11/19 For Sale $285,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $13,081 $171,456 $22,672 $148,784
2024 $13,081 $157,922 $20,882 $137,040
2023 $12,162 $142,670 $18,865 $123,805
2022 $10,390 $119,828 $17,202 $102,626
2021 $9,995 $112,031 $16,083 $95,948
2020 $9,754 $106,951 $15,354 $91,597
2019 $9,515 $101,878 $14,626 $87,252
2018 $9,499 $95,976 $13,779 $82,197
2017 $9,332 $90,732 $13,026 $77,706
2016 $8,977 $84,175 $12,085 $72,090
2015 -- $77,154 $11,077 $66,077
2014 -- $76,201 $10,940 $65,261
2013 -- $78,211 $11,229 $66,982
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10483130

Midwest Real Estate Data (MRED)

APN: 06-14-476-025

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