NOT LISTED FOR SALE

2202 Vermont St Rockford, IL 61101

Central Park Neighborhood

Estimated Value: $105,929 - $123,000

4 Beds
2 Baths
1,664 Sq Ft
$70/Sq Ft Est. Value

Last Sold March 20, 2020

Last sale price $59,000 $35 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $849/month

13 Days on Market

Highlights

  • 1-Story Property
  • Forced Air Heating System
  • 3-minute walk to Belden Park

About This Home

As of March 2020

Investment Opportunity! Turnkey investor package with a great ROI Fully rented (8) ranch duplexes, 4 with basements. Well maintained with long term tenants. All roofs replaced in 2013. 4 units have had windows replaced. 4 buildings are handicap assessable. Laundry hook up’s in each unit. Separate utilities. Basement. Owner pays sewer, water and garbage. Plenty of off-street parking on a low traffic street. Owner retiring and prefers to sell 8 as a package.

Last Agent to Sell the Property

Mike Lunde

Gambino Realtors License #475129518 Listed on: 01/24/2020

Gambino Realtors

Last Buyer's Agent

Jason Sarwar

Berkshire Hathaway HomeServices Crosby Starck RE License #475131673

Berkshire Hathaway HomeServices Crosby Starck RE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,826

Year Built

  • Built in 1966

Lot Details

  • 6,708

Home Design

  • Duplex
  • Shingle Roof
  • Siding

Interior Spaces

  • 1,664 Sq Ft Home
  • 1-Story Property
  • Basement Fills Entire Space Under The House
  • Stove

Location

  • In Flood Plain

Schools

  • Conklin Elementary School
  • West Middle School
  • Auburn High School

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Gas Water Heater

Community Details

  • 2 Units
  • 1-Story Building

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,826

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Appliances That Stay or Are Included: Refrigerator, Stove/Cooktop
  • Class: MULTIFAMILY
  • Estimated Above Grade Sq Ft: 1664
  • Front: 50
  • General Features: Main Floor Master
  • Grid: 14
  • Legal Description: CENTRAL PK 5TH ADD LOT 001 BLOCK 041
  • Located In Flood Plain: Yes
  • Lvt Date: 01/24/2020
  • Rear: 50
  • Side 1: 133
  • Side 2: 133
  • Style: 1 Story
  • Type: 2 Units
  • Total Assessed Value: 40734
  • Annual Insurance Expense: 1224
  • Number Of Floors In Bldg: 1
  • Number Of Tenants In Bldg: 2
  • Number Of Units In Bldg: 2
  • Potential Income: 13800
  • Utilities Yr: 1560
  • Agent Only_ L A1 User Code: 4554
  • Elementary School: Conklin Elementary
  • Pertinent Facts: Investment Opportunity! Turnkey investor package with a great ROI Fully rented (8) ranch duplexes, 4 with basements. Well maintained with long term tenants. All roofs replaced in 2013. 4 units have had windows replaced. 4 buildings are handicap assessable. Laundry hook up’s in each unit. Separate utilities. Basement. Owner pays sewer, water and garbage. Plenty of off-street parking on a low traffic street. Owner retiring and prefers to sell 8 as a package.
  • L O1 Brokerage Number: 478003863
  • S O1 Brokerage Number: 481011334
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Type: Full
  • Basement: Yes

Exterior Features

  • Exterior: Siding
  • Roof: Shingle

Utilities

  • Heating: Forced Air
  • Sewer: City
  • Water: City
  • Water Heater: Gas
  • Separate Utilities: Yes

Fee Information

  • Less Vacancy: 1380

Schools

  • School District: Rockford 205
  • Elementary School: Conklin Elementary
  • Middle School: West Middle
  • High School: Auburn High

Building Info

  • Year Built: 1966

Tax Info

  • Year: 2018
  • Taxes: 1826

MLS Schools

  • HighSchool: Auburn High
  • School District: Rockford 205
  • Middle School: West Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2020
Closed on
Mar 20, 2020
Sold by
Bgood Enterprises Ltd
Bought by
Simba Rentals Llc
Seller's Agent
Mike Lunde
Gambino Realtors
Buyer's Agent
Jason Sarwar
Berkshire Hathaway HomeServices Crosby Starck RE
List Price
$59,000
Sold Price
$59,000
Current Estimated Value
$116,732

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,732
Avg. Annual Appreciation
13.60%
Original Mortgage
$356,800
Interest Rate
3.4%
Mortgage Type
New Conventional
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 Buyer Sale Price Title Company
Simba Rentals Llc $59,000 Thompson James C
Simba Rentals Llc $59,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Simba Rentals Llc $500,000
Closed Simba Rentals Llc $356,800
Closed Simba Rentals Llc $356,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/20/2020 03/20/20 Sold $59,000 0.0% $35 / Sq Ft
02/06/2020 02/06/20 Pending -- -- --
01/24/2020 01/24/20 For Sale $59,000 -- $35 / Sq Ft
Source: NorthWest Illinois Alliance of REALTORS®

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 $2,559 $27,004 $1,283 $25,721
2023 $2,472 $23,811 $1,131 $22,680
2022 $2,432 $21,283 $1,011 $20,272
2021 $2,392 $19,515 $927 $18,588
2020 $1,832 $14,246 $876 $13,370
2019 $1,819 $13,578 $835 $12,743
2018 $1,832 $12,796 $787 $12,009
2017 $1,817 $12,246 $753 $11,493
2016 $1,815 $12,017 $739 $11,278
2015 $1,838 $12,017 $739 $11,278
2014 $1,768 $12,018 $922 $11,096
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    Mike Lunde

    Gambino Realtors

    Section Image
  • Jason Sarwar

    Buyer's Agent in 2020

    Jason Sarwar

    Berkshire Hathaway HomeServices Crosby Starck Real Estate

    (815) 975-0676

    14 Total Sales

    Jason Sarwar
    Section Image
See All Agents

Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202000375

NorthWest Illinois Alliance of REALTORS®

APN: 11-15-126-017

Illinois Winnebago County Rockford 61101 Central Park

2202 Vermont St, Rockford, IL

This home is located at 2202 Vermont St, Rockford, IL 61101 since 24 January 2020 and is currently estimated at $116,732, approximately $70 per square foot. This property was built in 1966. 2202 Vermont St is a home located in Winnebago County with nearby schools including Conklin Elementary School, West Middle School, and Auburn High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

NorthWest Illinois Alliance of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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