NOT LISTED FOR SALE

1507 7th Ave Rock Falls, IL 61071

Estimated Value: $63,000 - $75,000

2 Beds
1 Bath
770 Sq Ft
$90/Sq Ft Est. Value

Last Sold October 26, 2022

Last sale price $49,900 $65 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $437/month

16 Days on Market

Highlights

  • Deck
  • Ranch Style House
  • Living Room
  • Rock Falls Middle School Rated 9+
  • 1 Car Detached Garage
  • Laundry Room

About This Home

As of October 2022

Nice 2 bedroom 1 bath home featuring a new roof in 2021, some new flooring in 2022, updated bathroom, newer wall furnace, newer entry doors and much more. This home also features a nice deck on the front of the home, a one car garage with door opener and a quiet location on a dead end street. Why rent when you can own for less?

Last Agent to Sell the Property

Eric Bird

Bird Realty License #471002935 Listed on: 09/26/2022

Last Buyer's Agent

Tracy DeVries

Xtreme Realty License #475161740

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,309

Year Built

  • Built in 1952

Lot Details

  • 7,405

Parking

  • 1 Car Detached Garage
  • Garage Door Opener
  • Gravel Driveway
  • Parking Included in Price

Home Design

  • Ranch Style House
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 770 Sq Ft Home
  • Living Room
  • Crawl Space
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 1 Full Bathroom

Schools

  • Rock Falls Township High School

Utilities

  • One Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • 100 Amp Service

Additional Features

  • Deck
  • Lot Dimensions are 60x124

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,309

Year Built

Built in 1952

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Year Built: 1952
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • LivingArea: 770
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 0
  • Assessed Sq Ft: 0
  • Basement Description: Crawl
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Assessor

Exterior Features

  • ExteriorFeatures: Deck
  • List Price: 49900
  • OtherStructures: None
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 1
  • Number of Cars: 1
  • Driveway: Gravel
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Window/Wall Unit - 1
  • Electric: Circuit Breakers, 100 Amp Service
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • High School: Rock Falls Township High School
  • Middle/Junior School District: 13

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 60X124
  • Rural (Y/N): N
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 19
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 1309.42
  • Tax Year: 2021
  • Tax Exemptions: Homeowner

MLS Schools

  • Othr Public Sch: SVCC

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 26, 2022
Closed on
Oct 26, 2022
Sold by
Sofolo Steven J
Bought by
Iron Cross Properties Ltd
Seller's Agent
Eric Bird
Bird Realty
Buyer's Agent
Tracy DeVries
Xtreme Realty
List Price
$59,900
Sold Price
$49,900
Premium/Discount to List
-$10,000
-16.69%
Views
52
Current Estimated Value
$69,496

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,596
Avg. Annual Appreciation
11.93%
Original Mortgage
$39,000
Outstanding Balance
$37,570
Interest Rate
6.02%
Mortgage Type
Credit Line Revolving
Estimated Equity
$31,926
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
Iron Cross Properties Ltd $50,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Iron Cross Properties Ltd $39,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/26/2022 10/26/22 Sold $49,900 0.0% $65 / Sq Ft
10/13/2022 10/13/22 Pending -- -- --
10/10/2022 10/10/22 Price Changed $49,900 -16.7% $65 / Sq Ft
09/26/2022 09/26/22 For Sale $59,900 -- $78 / Sq Ft
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 $2,323 $21,180 $3,097 $18,083
2023 $2,191 $19,533 $2,856 $16,677
2022 $1,401 $18,117 $2,693 $15,424
2021 $1,309 $17,140 $2,548 $14,592
2020 $1,299 $16,846 $2,504 $14,342
2019 $1,204 $16,243 $2,414 $13,829
2018 $1,112 $15,881 $2,360 $13,521
2017 $1,098 $15,584 $2,316 $13,268
2016 $1,066 $15,322 $2,277 $13,045
2015 $1,540 $14,332 $2,392 $11,940
2014 $1,534 $13,949 $2,328 $11,621
2013 $1,540 $14,332 $2,392 $11,940
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11638338

Midwest Real Estate Data (MRED)

APN: 1133255005