G
Seller's Agent in 2023
Greg Teats
Keller Williams Revolution
(309) 781-3304
3 in this area
69 Total Sales
1508 Dustin Dr Normal, IL 61761
Windsor Hill-Sugar Creek NeighborhoodEstimated Value: $246,735 - $373,000
16
Beds
8
Baths
6,144
Sq Ft
$50/Sq Ft
Est. Value
About This Home
As of May 2023Once in a lifetime investment opportunity in Normal is waiting for you. 2 very well maintained, all brink four-unit apartment buildings in Normal are available today and ready for immediate cash flow. All 8 units are setup with 2 bedrooms and a full bath (mirrored and identical layouts). 1508 Dustin updates include newer HVAC systems in all units, some newer water heaters, newer gutters and gutter screens and various cosmetic updates to flooring, appliances and paint throughout all 4 units. 1510 Dustin updates include newer roof, newer HVAC systems in all units, newer water heaters, lots of new windows and doors throughout all the units, and various cosmetic updates to the flooring, bathrooms, paint and appliances in all 4 units as well. Rent for each unit is approx. $565/month with lots of potential for more in the near future. Both buildings are on slabs and extremely close to Sugar Creek elementary, various restaurants, shopping and other great businesses. Showings will require advanced notice to not disturb tenants. Schedule a showing today!
Last Agent to Sell the Property
Keller Williams Revolution License #475181697 Listed on: 05/01/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,046
Year Built
- Built in 1982
Lot Details
- 0.44 Acre Lot
- Lot Dimensions are 158x130
- Additional Parcels
Parking
- 13 to 18 Parking Spaces
Home Design
- Brick Exterior Construction
- Composition Roof
Interior Spaces
- 6,144 Sq Ft Home
- 1-Story Property
- Fire and Smoke Detector
Bedrooms and Bathrooms
- 16 Bedrooms
- 8 Bathrooms
Utilities
- Central Heating and Cooling System
- Floor Furnace
- Separate Meters
- 100 Amp Service
Community Details
Overview
- 8 Units
Building Details
- Electric Expense $100
- Insurance Expense $1,500
- Maintenance Expense $2,500
- Trash Expense $200
- Operating Expense $6,000
- Gross Income $50,700
- Net Operating Income $43,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 1, 2023
Closed on
May 30, 2023
Sold by
Delgado John E and Delgado Jennifer A
Bought by
Aranda Holdings Llc
Seller's Agent
Greg Teats
Keller Williams Revolution
Buyer's Agent
Bev Virgil
Coldwell Banker Real Estate Group
List Price
$565,000
Sold Price
$612,000
Premium/Discount to List
$47,000
8.32%
Views
45
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$302,527
Avg. Annual Appreciation
-23.30%
Original Mortgage
$460,000
Outstanding Balance
$447,700
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
-$142,266
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Aranda Holdings Llc | $612,000 | None Listed On Document |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Aranda Holdings Llc | $460,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/30/2023 05/30/23 | Sold | $612,000 | +8.3% | $100 / Sq Ft |
| 05/04/2023 05/04/23 | Pending | -- | -- | -- |
| 05/01/2023 05/01/23 | For Sale | $565,000 | -- | $92 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $5,718 | $78,690 | $16,823 | $61,867 |
| 2022 | $5,718 | $63,656 | $13,609 | $50,047 |
| 2021 | $5,523 | $60,059 | $12,840 | $47,219 |
| 2020 | $5,493 | $59,435 | $12,707 | $46,728 |
| 2019 | $5,307 | $59,116 | $12,639 | $46,477 |
| 2018 | $5,248 | $58,490 | $12,505 | $45,985 |
| 2017 | $5,061 | $58,490 | $12,505 | $45,985 |
| 2016 | $5,006 | $58,490 | $12,505 | $45,985 |
| 2015 | $4,870 | $57,119 | $12,212 | $44,907 |
| 2014 | $4,810 | $57,119 | $12,212 | $44,907 |
| 2013 | -- | $57,119 | $12,212 | $44,907 |
Source: Public Records
Agents Affiliated with this Home
-
Greg Teats
-
Shane Grant
Seller Co-Listing Agent in 2023
Shane Grant
Keller Williams Revolution
(309) 838-6336
2 in this area
36 Total Sales
-
Bev Virgil
Buyer's Agent in 2023
Bev Virgil
Coldwell Banker Real Estate Group
(309) 261-4116
4 in this area
260 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11772128
APN: 14-26-153-008
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