NOT LISTED FOR SALE

Estimated Value: $329,000 - $485,000

8 Beds
4 Baths
-- Sq Ft
7,841 Sq Ft Lot

Last Sold March 25, 2014

Last sale price $150,000

Est. 161% increase in value since last sale

Current estimated payment $2,747/month

26 Days on Market

About This Home

As of March 2014

Fully rented TURN-KEY MULTI UNIT ready for your investment dollars. Four unit (2-2bdrm, 1- 1bdrm, 1-3 bdrm unit) with stable rental history, mostly renovated units and many improvements. Tenants pay own electric, metered separately. Renovated electric - circuit breakers. Plenty of parking. This unit is already registered and licensed by the City of Aurora. No work to do but signing. Cash cow- don't miss it.

Last Agent to Sell the Property

Jennifer Schroeder

Keller Williams Inspire - Geneva Listed on: 02/07/2014

Last Buyer's Agent

Jose Salgato

Lomitas Real Estate License #471011034

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,924

Year Built

  • Built in 1900

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 66x124

Home Design

  • Frame Construction

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 5 Parking Spaces
  • Uncovered Parking
  • Parking Space is Owned

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $35,700
  • Net Operating Income $28,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,924

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rehab (Y/N): Yes
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Walkout
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator
  • Room: 4

Exterior Features

  • List Price: 175000
  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

  • ParkingTotal: 5
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Fee Information

  • Other Expenses $: 7200

Schools

  • Middle/Junior School District: 131

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.18
  • Lot Dimensions: 66X124
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 5
  • TenantPays: Electric

Multi Family

  • Net Operating Income: 28500
  • GrossIncome: 35700
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat,2 Story Unit/s

Tax Info

  • Tax Annual Amount: 4923.84
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 6, 2016
Sold by
Melgoza Manuel and Melgoza Gloria
Bought by
The Melgoza Family Trust and Melgoza Manuel
Current Estimated Value
$391,998

Purchase Details

Listed on
Feb 7, 2014
Closed on
Mar 25, 2014
Sold by
Scott Rock Properties Llc
Bought by
Melgoza Manuel and Melgoza Gloria
Seller's Agent
Jennifer Schroeder
Keller Williams Inspire - Geneva
Buyer's Agent
Jose Salgato
Lomitas Real Estate
List Price
$175,000
Sold Price
$150,000
Premium/Discount to List
-$25,000
-14.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.23%

Purchase Details

Closed on
Nov 29, 2012
Sold by
Duarte Scott D and Duarte Raquel C
Bought by
Scott Rock Properties Llc

Purchase Details

Closed on
May 10, 2011
Sold by
Beste Barbara
Bought by
Duarte Scott D and Duarte Raquel C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,750
Interest Rate
4.67%
Mortgage Type
New Conventional
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
The Melgoza Family Trust -- Chicago Title Ins Co
Melgoza Manuel $150,000 None Available
Scott Rock Properties Llc -- None Available
Duarte Scott D $125,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Duarte Scott D $93,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/25/2014 03/25/14 Sold $150,000 -14.3% --
03/05/2014 03/05/14 Pending -- -- --
02/07/2014 02/07/14 For Sale $175,000 -- --
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 $7,207 $105,127 $8,354 $96,773
2023 $7,019 $93,930 $7,464 $86,466
2022 $6,511 $85,702 $6,810 $78,892
2021 $6,441 $79,789 $6,340 $73,449
2020 $6,163 $74,112 $5,889 $68,223
2019 $6,051 $68,666 $5,456 $63,210
2018 $6,568 $72,128 $5,047 $67,081
2017 $6,572 $67,013 $4,650 $62,363
2016 $6,552 $62,266 $3,986 $58,280
2015 -- $57,959 $3,428 $54,531
2014 -- $52,099 $3,150 $48,949
2013 -- $54,868 $3,168 $51,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 08532982

Midwest Real Estate Data (MRED)

APN: 15-22-357-016