$270,000
SOLD APR 4, 2018
4 Beds
2 Baths
-- Sq Ft
6,534 Sq Ft Lot

Recently Sold

18% Below List Price

101 Days on Market

Highlights

  • Lower Floor Utility Room
  • Water Softener is Owned
  • Ceiling Fan
  • Naper Elementary School Rated A
  • Forced Air Heating System
  • 4-minute walk to Central Park

About This Home

As of December 2021

Choices. Choices. CHOICES! Tear down? Rehab? Purchase with other lot? Other lot has cute as a button, updated, all brick home (Parcel#0713404021). Own both lots to build your dream home OR build a separate 3-4 car garage WITH a coach home for guests. Make plans for the In-Laws or live-in Nanny! Building is set back w/DEEP front yard & shared driveway. Each rental unit has/2 BRs, 1 BTH, window AC units. 1st floor unit has a partially finished Basement & Laundry hookup (Washer & Dryer stay). Property definitely needs work! Zoned R-2, 1/2 block off Washington St. & a few blocks from downtown shopping, dining & train. Tenants pay all utilities, mow & remove snow. !st floor currently rented month-to-month. 2nd floor unit rented through Sept 2018. Do not disturb the tenants. Must call for a showing or to walk the lot.

Last Agent to Sell the Property

Christine Thompson

Baird & Warner License #475132993 Listed on: 11/03/2017

Baird & Warner

Last Buyer's Agent

Christine Thompson

Baird & Warner License #475132993 Listed on: 11/03/2017

Baird & Warner

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,831

Year Built

  • Built in 1906

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 46x150
  • Paved or Partially Paved Lot

Home Design

  • Stone Foundation
  • Frame Construction
  • Asphalt Roof

Interior Spaces

  • Ceiling Fan
  • Lower Floor Utility Room
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Parking

  • 3 Parking Spaces
  • Uncovered Parking
  • Unassigned Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water
  • Water Softener is Owned

Community Details

Overview

  • 2 Units
  • 2 Flat

Building Details

  • Gross Income $27,000
  • Net Operating Income $16,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,831

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1906
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Other Equipment: Water-Softener Owned, Ceiling Fan(s)
  • Room Type: Utility Room-Lower Level
  • Basement Description: Partially Finished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Window Air Conditioner,Garage/Space
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Window Air Conditioner,Garage/Space

Exterior Features

  • Foundation Details: Stone
  • List Price: 299000
  • Lot Features: Rear of Lot
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

  • Parking Features: Unassigned
  • ParkingTotal: 3
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: N/A

Utilities

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

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved

Fee Information

  • Other Expenses $: 7200

Schools

  • Middle/Junior School District: 203

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.15
  • Lot Dimensions: 46X150
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Multi Family

  • Net Operating Income: 16800
  • GrossIncome: 27000
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 5831
  • Tax Year: 2016
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2021
Closed on
Dec 16, 2021
Sold by
Kure Properties Llc
Bought by
Korallus Timothy
Seller's Agent
Rick Kure
Baird & Warner
Buyer's Agent
Litsa Lekatsos
Compass
Sold Price
$520,000
Current Estimated Value
$678,175

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$158,175
Avg. Annual Appreciation
6.53%
Original Mortgage
$364,000
Outstanding Balance
$340,680
Interest Rate
3.75%
Mortgage Type
New Conventional
Estimated Equity
$313,456

Purchase Details

Closed on
May 3, 2019
Sold by
Bre Capital Llc
Bought by
Kure 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
$288,750
Interest Rate
6.55%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Nov 3, 2017
Closed on
Mar 29, 2018
Sold by
Bernard Brian and Bernard Colleen
Bought by
Bre Capital Llc
Seller's Agent
Christine Thompson
Baird & Warner
Buyer's Agent
Christine Thompson
Baird & Warner
List Price
$329,000
Sold Price
$270,000
Premium/Discount to List
-$59,000
-17.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.81%
Original Mortgage
$258,750
Interest Rate
8.99%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 22, 2011
Sold by
Keane Julie A
Bought by
Bernard Brian and Bernard Colleen

Purchase Details

Closed on
Jul 31, 2008
Sold by
Zitt James C
Bought by
Donald J Keane Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,875
Interest Rate
6.51%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 29, 2007
Sold by
Zitt James
Bought by
Zitt James C and James C Zitt Sr Revocable Trust
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 Type Sale Price Title Company
Warranty Deed $520,000 Baird & Warner Ttl Svcs Inc
Limited Warranty Deed -- Servicelink
Warranty Deed -- Baird & Warner Title Service
Deed $254,000 Antic
Deed $290,500 Ctic
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $364,000 New Conventional
Previous Owner $288,750 Adjustable Rate Mortgage/ARM
Previous Owner $258,750 Commercial
Previous Owner $215,000 New Conventional
Previous Owner $217,875 Purchase Money Mortgage
Previous Owner $170,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2021 12/16/21 Sold $520,000 -3.7% --
11/07/2021 11/07/21 Pending -- -- --
09/29/2021 09/29/21 For Sale -- -- --
09/06/2021 09/06/21 Pending -- -- --
09/01/2021 09/01/21 For Sale $539,900 +100.0% --
04/04/2018 04/04/18 Sold $270,000 -9.7% --
02/12/2018 02/12/18 Pending -- -- --
01/19/2018 01/19/18 Price Changed $299,000 -9.1% --
11/03/2017 11/03/17 For Sale $329,000 -- --
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
2023 $7,381 $113,750 $85,430 $28,320
2022 $6,759 $104,600 $78,240 $26,360
2021 $6,530 $100,870 $75,450 $25,420
2020 $6,509 $100,870 $75,450 $25,420
2019 $6,289 $95,940 $71,760 $24,180
2018 $6,082 $92,910 $69,010 $23,900
2017 $5,965 $89,760 $66,670 $23,090
2016 $5,831 $86,140 $63,980 $22,160
2015 $5,853 $81,790 $60,750 $21,040
2014 $5,969 $80,860 $59,120 $21,740
2013 $5,926 $81,420 $59,530 $21,890
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09792893

Midwest Real Estate Data (MRED)

APN: 07-13-404-020