202 S 2nd St O Fallon, IL 62269
2
Beds
1.5
Baths
1,488
Sq Ft
10,454
Sq Ft Lot
Highlights
- Traditional Architecture
- Wood Flooring
- Forced Air Heating System
- O'Fallon Township High School Rated A-
- Historic or Period Millwork
- Fenced
About This Home
As of November 2024This rental property is a great investment opportunity. It is currently rented for $855/month and has long-term tenants of 10+ years. The lease is in place through July 2025. The home offers one bedroom on the main level, along with a living room, dining room, kitchen, and a full bathroom. Upstairs, you'll find another bedroom, a half bath, and a bonus room used as a third bedroom. Please note that no interior photos are available due to tenants' rights. The property is being sold in **as-is** condition, with repairs and updates needed once the tenants vacate. Estimated after-repair value (ARV) ranges between $130K and $150K, conservatively. The seller has an assumable mortgage rate of 4.12% with Wells Fargo, offering a potential financing advantage for buyers. Please do not disturb tenants. No Showings will be allowed until a conditional offer is accepted.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,918
Year Built
- Built in 1907
Lot Details
- 10,454 Sq Ft Lot
- Lot Dimensions are 75x125
- Fenced
- Level Lot
Home Design
- Traditional Architecture
- Aluminum Siding
Interior Spaces
- 1,488 Sq Ft Home
- 1.5-Story Property
- Historic or Period Millwork
- Wood Flooring
- Unfinished Basement
Kitchen
- Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 2 Bedrooms
Parking
- Gravel Driveway
- Off-Street Parking
Schools
- Shiloh Village Dist 85 Elementary And Middle School
- Ofallon High School
Utilities
- Forced Air Heating System
Listing and Financial Details
- Assessor Parcel Number 09-08.0-205-003
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 3, 2024
Closed on
Oct 29, 2024
Sold by
Borkowski Timothy and Borkowski Jayme
Bought by
Four Horseys Llc
Seller's Agent
Courtney Marsh
Red Door Realty Group Inc
Buyer's Agent
Courtney Marsh
Red Door Realty Group Inc
List Price
$90,000
Sold Price
$83,000
Premium/Discount to List
-$7,000
-7.78%
Total Days on Market
35
Views
72
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
$32,338
Avg. Annual Appreciation
45.81%
Purchase Details
Closed on
Nov 10, 2004
Sold by
Johnson Steven L and Johnson Mary A
Bought by
Borkowski Timothy and Borkowski Jayme
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,909
Interest Rate
5.8%
Mortgage Type
FHA
Map
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $83,000 | Advanced Title Solutions Inc | |
| Warranty Deed | $110,000 | Land Star Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $95,348 | FHA | |
| Previous Owner | $10,000 | Unknown | |
| Previous Owner | $108,909 | FHA |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/08/2024 11/08/24 | Sold | $83,000 | -7.8% | $56 / Sq Ft |
| 11/08/2024 11/08/24 | Pending | -- | -- | -- |
| 10/03/2024 10/03/24 | For Sale | $90,000 | -- | $60 / Sq Ft |
Source: MARIS MLS
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 |
|---|---|---|---|---|
| 2023 | $2,918 | $38,476 | $6,352 | $32,124 |
| 2022 | $2,802 | $35,839 | $5,917 | $29,922 |
| 2021 | $2,618 | $33,702 | $5,564 | $28,138 |
| 2020 | $2,702 | $31,808 | $5,251 | $26,557 |
| 2019 | $2,171 | $32,016 | $5,454 | $26,562 |
| 2018 | $2,119 | $31,101 | $5,298 | $25,803 |
| 2017 | $2,037 | $29,642 | $5,050 | $24,592 |
| 2016 | $2,018 | $29,078 | $4,954 | $24,124 |
| 2014 | $1,444 | $23,990 | $3,969 | $20,021 |
| 2013 | $1,428 | $24,313 | $4,022 | $20,291 |
Source: Public Records
Source: MARIS MLS
MLS Number: MAR24062624
APN: 09-08.0-205-003
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