NOT LISTED FOR SALE

1481 E Main St Unit 2 Galesburg, IL 61401

Estimated Value: $59,746 - $84,000

4 Beds
2 Baths
2,010 Sq Ft
$36/Sq Ft Est. Value

Last Sold December 22, 2022

Last sale price $55,000 $27 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $536/month

145 Days on Market

About This Home

As of December 2022

This two story home offers two units with hardwood floors throughout, home also has a two stall garage. Make your appointment today!

Last Agent to Sell the Property

Jessica Yem

IN BETWEEN OFFICES License #475167702 Listed on: 06/07/2022

Last Buyer's Agent

Jessica Yem

IN BETWEEN OFFICES License #475167702 Listed on: 06/07/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $873

Year Built

  • Built in 1910

Lot Details

  • 8,712

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House

Schools

  • Galesburg High School

Listing and Financial Details

  • Tenant pays for all utilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$873

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: 2+ Story
  • Legal Description: Summit addn s 8 rds lot 6 blk2
  • Lvt Date: 06/07/2022
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Brick, Full
  • Price Per Sq Ft: 27.36
  • Total Sq Ft: 2010

Exterior Features

  • Exterior: Vinyl Siding
  • Roofing: Shingles

Garage/Parking

  • Garage Parking: Detached
  • Number Parking Spaces: 2

Utilities

  • Heating Cooling: Forced Air, Gas
  • Water Sewer: Public Sewer, Public Water

Schools

  • High School: Galesburg
  • High School: Galesburg

Lot Info

  • Estimated Lot Size: 66x132
  • Estimated Number of Acres: 0.2
  • Lot Description: Corner
  • Geo Subdivision: IL

Rental Info

  • Tenant Pays: All Utilities
  • Lease Information: Month-To-Month

Tax Info

  • Annual Taxes: 872.88
  • Parcel Id Number Tax Id: 9911480021
  • Tax Year: 2021

Multi Family

  • Total Number Units: 2
  • Gross Annual Income: 12199
  • Total Number Electric Meters: 1
  • Total Number Gas Meters: 1
  • Total Number Heating Units: 1
  • Total Number Water Heaters: 1
  • Total Number Water Meters: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2022
Closed on
Dec 22, 2022
Sold by
Nelson Rentals Llc
Bought by
Grierson Diane E
Seller's Agent
Jessica Yem
IN BETWEEN OFFICES
Buyer's Agent
Jessica Yem
IN BETWEEN OFFICES
List Price
$66,000
Sold Price
$55,000
Premium/Discount to List
-$11,000
-16.67%
Views
17
Current Estimated Value
$72,187

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,187
Avg. Annual Appreciation
7.81%
Original Mortgage
$147,474
Outstanding Balance
$143,032
Interest Rate
6.36%
Mortgage Type
Construction
Estimated Equity
-$75,648
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 Buyer Sale Price Title Company
Grierson Diane E $193,000 Attorney Only
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grierson Diane E $147,474
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/22/2022 12/22/22 Sold $55,000 -12.6% $27 / Sq Ft
10/30/2022 10/30/22 Pending -- -- --
10/18/2022 10/18/22 Price Changed $62,900 -3.1% $31 / Sq Ft
08/29/2022 08/29/22 Price Changed $64,900 -1.7% $32 / Sq Ft
06/07/2022 06/07/22 For Sale $66,000 -- $33 / 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 $1,725 $18,590 $1,880 $16,710
2023 $1,725 $18,000 $1,820 $16,180
2022 $901 $9,510 $1,820 $7,690
2021 $873 $8,970 $1,720 $7,250
2020 $887 $8,970 $1,720 $7,250
2019 $877 $8,800 $1,690 $7,110
2018 $874 $8,800 $1,640 $7,160
2017 $856 $8,540 $1,590 $6,950
2015 -- $8,420 $1,570 $6,850
2013 $776 $8,510 $1,590 $6,920
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    Jessica Yem

    IN BETWEEN OFFICES

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Map

Source: RMLS Alliance

MLS Number: RMACA1014779

RMLS Alliance

APN: 99-11-480-021

Illinois Knox County Galesburg 61401

1481 E Main St Unit 2, Galesburg, IL

This home is located at 1481 E Main St Unit 2, Galesburg, IL 61401 since 07 June 2022 and is currently estimated at $72,187, approximately $35 per square foot. This property was built in 1910. 1481 E Main St Unit 2 is a home located in Knox County with nearby schools including Nielson Elementary School and Galesburg High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

RMLS Alliance IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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