NOT LISTED FOR SALE

1702 Park Ln Marion, IL 62959

Estimated Value: $348,000 - $405,000

8 Beds
4 Baths
3,968 Sq Ft
$97/Sq Ft Est. Value

Last Sold March 04, 2022

Last sale price $300,000 $76 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $2,696/month

6 Days on Market

About This Home

As of March 2022

Great Investment opportunity in this 4 plex. All units have their own garage and currently rented. Nice quite location with a private back yard on the East side of Marion.

Last Agent to Sell the Property

Shelly Cain

COLDWELL BANKER J D THOMPSON License #475162651 Listed on: 01/18/2022

COLDWELL BANKER J D THOMPSON

Last Buyer's Agent

Linda Ruehmkorff

COLDWELL BANKER J D THOMPSON License #475125241

COLDWELL BANKER J D THOMPSON

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,173

Year Built

  • Built in 1997

Lot Details

  • 0.68

Home Design

  • Slab Foundation

Interior Spaces

  • 1-Story Property
  • Brick Basement

Schools

  • Marion High School

Listing and Financial Details

  • Tenant pays for gas & electric

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,173

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: 1 Story
  • Legal Description: lot 17 blk 000 plt 108 darman estates lots 17&18
  • Lvt Date: 01/18/2022
  • Year Built: 1997
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Brick, Slab
  • Price Per Sq Ft: 75.6
  • Total Sq Ft: 3968

Exterior Features

  • Exterior: Vinyl Siding
  • Roofing: Shingles

Garage/Parking

  • Garage Parking: Attached
  • Number Parking Spaces: 2

Utilities

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

Schools

  • High School: Marion

Lot Info

  • Estimated Lot Size: 200x150
  • Estimated Number of Acres: 0.68
  • Geo Subdivision: IL

Rental Info

  • Tenant Pays: Gas & Electric

Tax Info

  • Annual Taxes: 6172.78
  • Parcel Id Number Tax Id: 07-19-226-015
  • Tax Year: 2020

Multi Family

  • Total Number Units: 4
  • Gross Annual Income: 34200
  • Total Number Central Air Units: 4
  • Total Number Electric Meters: 4
  • Total Number Heating Units: 4
  • Total Number Water Heaters: 4
  • Total Number Water Meters: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2019
Closed on
Oct 9, 2019
Sold by
Mccarthy Family Trust
Bought by
Cj Lands & Williamson Llc
Seller's Agent
Richard Davis
C21 HOUSE OF REALTY, INC.
Buyer's Agent
Chad Nalley
C21 HOUSE OF REALTY, INC.
List Price
$239,900
Sold Price
$185,000
Premium/Discount to List
-$54,900
-22.88%
Current Estimated Value
$388,933

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$203,933
Avg. Annual Appreciation
12.41%
Original Mortgage
$149,000
Outstanding Balance
$115,168
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$269,196
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Cj Lands & Williamson Llc $185,000 Patchett Hampson And Garrison
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cj Lands & Williamson Llc $149,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/04/2022 03/04/22 Sold $300,000 +0.7% $76 / Sq Ft
01/24/2022 01/24/22 Pending -- -- --
01/18/2022 01/18/22 For Sale $297,900 +61.0% $75 / Sq Ft
10/10/2019 10/10/19 Sold $185,000 -22.9% $47 / Sq Ft View Prior Sale
09/10/2019 09/10/19 Pending -- -- --
07/12/2019 07/12/19 For Sale $239,900 -- $60 / 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
2025 $7,968 $102,800 $11,340 $91,460
2024 $7,968 $102,800 $11,340 $91,460
2023 $7,968 $102,800 $11,340 $91,460
2022 $6,331 $90,570 $9,990 $80,580
2021 $6,173 $87,300 $9,630 $77,670
2020 $6,173 $82,480 $9,100 $73,380
2019 $6,261 $82,480 $9,100 $73,380
2018 $6,261 $82,480 $9,100 $73,380
2017 $6,149 $82,480 $9,100 $73,380
2015 $5,958 $78,130 $8,620 $69,510
2013 $5,061 $78,130 $8,620 $69,510
2012 $5,061 $78,130 $8,620 $69,510
Source: Public Records

Agents Affiliated with this Home

  • Shelly Cain

    Seller's Agent in 2022

    Shelly Cain

    COLDWELL BANKER J D THOMPSON

    (618) 922-5072

    158 in this area

    259 Total Sales

    Shelly Cain
    Section Image
  • Linda Ruehmkorff

    Buyer's Agent in 2022

    Linda Ruehmkorff

    COLDWELL BANKER J D THOMPSON

    (618) 922-4748

    77 in this area

    131 Total Sales

    Linda Ruehmkorff
    Section Image
  • Richard Davis

    Seller's Agent in 2019

    Richard Davis

    C21 HOUSE OF REALTY, INC.

    (618) 997-6495

    30 in this area

    123 Total Sales

    Richard Davis
    Section Image

  • C

    Seller Co-Listing Agent in 2019

    Chad Nalley

    C21 HOUSE OF REALTY, INC.

    Section Image
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Map

Source: RMLS Alliance

MLS Number: EB442781

RMLS Alliance

APN: 07-19-226-015

Illinois Williamson County Marion 62959

1702 Park Ln, Marion, IL

Not Listed for Sale

MultiFamily

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