NOT LISTED FOR SALE

205 W Vine St Tolono, IL 61880

Estimated Value: $150,000 - $2,130,000

-- Bed
1 Bath
-- Sq Ft
0.56 Acres

Last Sold September 16, 2022

Last sale price $850,000

Est. 26% increase in value since last sale

Current estimated payment $7,029/month

54 Days on Market

About This Home

As of September 2022

6 townhome units built in 2006 with desirable floor plans. 2 stories with 3 bedrooms 2.5 baths, basement and attached garage per unit. Unit 7 schools, desirable rentals have never been vacant. Also listed are - 511 W University Champaign 11 Units, 605 W University Champaign 11 Units, 309 Springfield Ave Urbana 6 Units. $300,102.80 in gross income yearly, $25,008/month.

Last Agent to Sell the Property

Mark Panno

KELLER WILLIAMS-TREC License #475164947 Listed on: 06/17/2022

KELLER WILLIAMS-TREC

Last Buyer's Agent

Mark Panno

KELLER WILLIAMS-TREC License #475164947 Listed on: 06/17/2022

KELLER WILLIAMS-TREC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,987

Year Built

  • Built in 2006

Lot Details

  • Lot Dimensions are 172x139
  • Additional Parcels

Parking

  • 6 Parking Spaces

Additional Features

  • 2-Story Property
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, sewer

Community Details

Overview

  • 6 Units

Building Details

  • Insurance Expense $2,421
  • Operating Expense $23,253
  • Gross Income $92,633
  • Net Operating Income $54,972

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,987

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Condo/Townhouse
  • Stories: 2
  • Year Built: 2006
  • Built Before 1978 (Y/N): No
  • Legal Description: LOT 100 DEERPATH SUB NO 1
  • Information: 24-Hr Notice Required
  • Estimated Age: 16-25 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • List Price: 900000

Garage/Parking

  • ParkingTotal: 6

Utilities

  • Cooling: Central Air
  • Heat/Ventilation: Forced Air

Fee Information

  • Janitor Expense: 0

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 172X139

Rental Info

  • Tenant Pays: Electricity, Sewer
  • Board Number: 22

Multi Family

  • Net Operating Income: 54972
  • Insurance Expense: 2421
  • GrossIncome: 92633
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 23253
  • Expense Year: 2021
  • Type Multi-Family: Condo/Townhouse

Tax Info

  • Tax Annual Amount: 11987
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2022
Closed on
Sep 14, 2022
Sold by
Domus Properties Llc
Bought by
Lmj Holdings Llc
Seller's Agent
Mark Panno
KELLER WILLIAMS-TREC
Buyer's Agent
Mark Panno
KELLER WILLIAMS-TREC
List Price
$900,000
Sold Price
$850,000
Premium/Discount to List
-$50,000
-5.56%
Current Estimated Value
$1,073,419

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$223,419
Avg. Annual Appreciation
8.63%
Original Mortgage
$850,000
Outstanding Balance
$438,000
Interest Rate
5.13%
Mortgage Type
New Conventional
Estimated Equity
$635,419

Purchase Details

Closed on
Jun 25, 2018
Sold by
Jmrw Llc Vine Street Townhouses
Bought by
Domus Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$512,000
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 28, 2011
Sold by
First Mid Illinois Bank & Trust N A
Bought by
Jmrw Llc Vine Street Townhouses

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$257,500
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 21, 2011
Sold by
Nut Tree Properties Llc
Bought by
First Mid Illinois Bank & Trust N A
Source: Public Records

Range of Values:

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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
Lmj Holdings Llc $850,000 --
Domus Properties Llc $506,667 Attorney
Jmrw Llc Vine Street Townhouses $485,000 Control Illinois Title Co
First Mid Illinois Bank & Trust N A -- Central Illinois Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lmj Holdings Llc $850,000
Previous Owner Domus Properties Llc $512,000
Previous Owner Jmrw Llc Vine Street Townhouses $257,500
Previous Owner Nut Tree Properties Llc $15,000
Previous Owner Champion Homes Inc $672,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/16/2022 09/16/22 Sold $850,000 -5.6% --
08/11/2022 08/11/22 Pending -- -- --
06/17/2022 06/17/22 For Sale $900,000 -- --
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 $13,200 $222,580 $14,650 $207,930
2023 $13,200 $206,660 $13,600 $193,060
2022 $12,543 $192,060 $12,640 $179,420
2021 $11,988 $182,220 $11,990 $170,230
2020 $11,860 $178,120 $11,720 $166,400
2019 $12,674 $175,660 $11,560 $164,100
2018 $12,529 $175,660 $11,560 $164,100
2017 $12,628 $168,090 $11,060 $157,030
2016 $12,302 $160,690 $10,570 $150,120
2015 $12,131 $154,950 $10,190 $144,760
2014 $12,295 $157,470 $10,360 $147,110
2013 $12,044 $157,470 $10,360 $147,110
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11438611

Midwest Real Estate Data (MRED)

APN: 29-26-26-253-033