NOT LISTED FOR SALE

Estimated Value: $774,205

8 Beds
6 Baths
2,408 Sq Ft
$322/Sq Ft Est. Value

Sale Details

Date Sold: March 3, 2023

Last sale price $800,000 $332 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $5,292 / mo

198 Days on Market

Highlights

  • 4.76 Acre Lot
  • Storage Room
  • Forced Air Heating System

About This Home

As of March 2023

Attention Investors, bring your ideas. Beautiful income producing property on almost 5 acres of land. There are a total of 3 single family homes, 1 duplex, horse stalls, 4 car garage, and a 2 story barn all great rental income. The property is currently zoned Rural/Agricultural. - horse stable, main house, and two-story barn are currently not producing income at this time. Seller estimates horse stalls rent for approx. $450 each per month, main house $2000 and the whole barn approx. $2500 per month. 3 chicken coops, 1 pig pen, fruit trees, gardens are just a few other things on this great property. Roof on barn was recently replace with metal roof and new windows. Main house has metal roof, 3 bedrooms, 2 bath, walk-up attic, and partial basement. House #2 is a single-family home with 2 bedrooms, 1 bath. House #3 is a 2 bedroom, 1.5 bath. Duplex is a studio on one side and a one bedroom on the other. There is a 4 car garage. Tons of potential. Property is currently zoned Agricultural / Residential This amazing property awaits its new owner. Showings by appointment only.

Last Agent to Sell the Property

Carrie Jass

Coldwell Banker Real Estate Group License #475156340 Listed on: 04/18/2022

Coldwell Banker Real Estate Group

Co-Listed By

Bill Jass

Coldwell Banker Real Estate Group License #475179974

Last Buyer's Agent

Erik Sachs

@properties Christie's International Real Estate License #471017195

@properties Christie's International Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,529

Year Built

  • Built in 1845

Lot Details

  • 4.76 Acre Lot
  • Lot Dimensions are 199.6x251.6x248.7x156.2x148.2x215.6x624.4

Parking

  • Common or Shared Parking

Interior Spaces

  • 1-Story Property
  • Storage Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas
  • Propane

Listing and Financial Details

  • Tenant pays for varies by tenant

Community Details

Overview

  • 5 Units

Building Details

  • Electric Expense $5,400
  • Fuel Expense $1,200
  • Insurance Expense $1,600
  • Maintenance Expense $150
  • Trash Expense $680
  • Operating Expense $16,559
  • Gross Income $126,000
  • Net Operating Income $54,570

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,529

Year Built

Built in 1845

Lot Details

4.76 Acres

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Other
  • Stories: 1
  • Year Built: 1845
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,List Broker Must Accompany
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 8
  • Possible Use: Multi-Family, Single Family, Other
  • Misc Inside: Storage Inside
  • Room: 0

Exterior Features

  • Frontage Type: City Street

Garage/Parking

  • Outdoor Parking: Common Parking

Utilities

  • Cooling: Window Unit(s)
  • Heat/Ventilation: Forced Air,Gas,Propane

Fee Information

  • Trash Expense: 680
  • Operating Expense Includes: Insurance,Maintenance,Trash,Utilities

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 4.76
  • Lot Dimensions: 199.6X251.6X248.7X156.2X148.2X215.6X624.4
  • Zoning: OTHER
  • Land Amenities: Other

Rental Info

  • Tenant Pays: Varies by Tenant
  • Board Number: 10
  • Tenancy Type: Month To Month

Building Info

  • Building Unit Info: No Units Furnished

Multi Family

  • Net Operating Income: 54570
  • Fuel Expense: 1200
  • Insurance Expense: 1600
  • ElectricExpense: 5400
  • GrossIncome: 126000
  • Maintenance Expense: 150
  • NumberOfUnitsTotal: 5
  • OperatingExpense: 16559
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 7529
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 11, 2023
Sold by
Williams Kirkton and Williams Michelle M
Bought by
1785 Mitchell Llc
Current Estimated Value
$774,205

Purchase Details

Listed on
Apr 18, 2022
Closed on
Feb 13, 2023
Sold by
Orth Lynne K
Bought by
Williams Kirkton and Williams Michelle
Seller's Agent
Carrie Jass
Coldwell Banker Real Estate Group
Buyer's Agent
Erik Sachs
@properties Christie's International Real Estate
List Price
$850,000
Sold Price
$800,000
Premium/Discount to List
-$50,000
-5.88%
Views
40

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.01%
Original Mortgage
$600,000
Interest Rate
6.12%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 29, 1999
Sold by
Russell Lester and Russell Phyllis
Bought by
Orth Gerald L and Orth Lynne K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
6.99%

Purchase Details

Closed on
Mar 6, 1999
Sold by
Rouse Robert D and Rouse Patricia A
Bought by
Russell Lester E and Russell Phyllis A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
6.99%
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
1785 Mitchell Llc -- None Listed On Document
Williams Kirkton $800,000 Chicago Title
Orth Gerald L $254,000 --
Russell Lester E -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner Williams Kirkton $600,000
Previous Owner Orth Gerald L $225,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/03/2023 03/03/23 Sold $800,000 -5.9% $332 / Sq Ft
03/03/2023 03/03/23 For Sale $850,000 +6.3% $353 / Sq Ft
12/08/2022 12/08/22 Off Market $800,000 -- --
11/03/2022 11/03/22 Pending -- -- --
08/03/2022 08/03/22 For Sale $850,000 0.0% $353 / Sq Ft
06/22/2022 06/22/22 Pending -- -- --
04/18/2022 04/18/22 For Sale $850,000 -- $353 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $13,223 $261,683 $52,862 $208,821
2023 $12,051 $233,813 $47,232 $186,581
2022 $7,349 $142,501 $12,133 $130,368
2021 $7,898 $142,802 $11,278 $131,524
2020 $7,529 $132,868 $10,459 $122,409
2019 $7,447 $123,341 $9,675 $113,666
2018 $7,192 $114,331 $8,935 $105,396
2017 $7,180 $105,601 $8,220 $97,381
2016 $6,625 $91,004 $7,042 $83,962
2015 -- $78,730 $6,051 $72,679
2014 -- $72,624 $5,553 $67,071
2013 -- $76,101 $11,310 $64,791
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11378192

Midwest Real Estate Data (MRED)

APN: 15-10-276-010

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