Seller's Agent in 2020
Kathy Ullrich
Key Realty, Inc.- Rockford
(815) 319-0860
1 in this area
28 Total Sales
2208 8th St Rockford, IL 61104
Union Park Unites NeighborhoodEstimated Value: $1,573,000 - $1,587,083
50
Beds
34
Baths
37,050
Sq Ft
$43/Sq Ft
Est. Value
Highlights
- Central Heating and Cooling System
- Heating System Uses Steam
- 4-minute walk to Keye-Mallquist Park
About This Home
As of February 2020Peterson Apartments has 33 units. Historical building renovated school. Many original elements left in the design. Unique units no two apartments the same. Ample parking, garages, on site laundry. Pool is not currently operating. Tenant pays electric. Current boiler heats 2/3 of the units. Conversion to separate electric heat has been completed for 1/3 of the units. Gross potential income $192,000. Excellent opportunity. Call today to Schedule.
Last Agent to Sell the Property
Key Realty, Inc.- Rockford License #471018887 Listed on: 09/06/2019
Last Buyer's Agent
Non Member
NON MEMBER
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $29,757
Year Built
- Built in 1911
Lot Details
- 3.28 Acre Lot
- Lot Dimensions are 453.22x314x453.22x314
Home Design
- Tar and Gravel Roof
- Rubber Roof
Interior Spaces
- 37,050 Sq Ft Home
- 3-Story Property
Bedrooms and Bathrooms
- 50 Bedrooms
- 34 Bathrooms
Utilities
- Central Heating and Cooling System
- Window Unit Cooling System
- Heating System Uses Steam
- Separate Meters
- 120/240V
- 100 Amp Service
Listing and Financial Details
- Tenant pays for air conditioning, electricity, heat, varies by tenant
Community Details
Overview
- 33 Units
Building Details
- Electric Expense $6,300
- Fuel Expense $12,000
- Insurance Expense $6,000
- Other Expense $4,250
- Water Sewer Expense $10,200
- Operating Expense $44,750
- Gross Income $192,000
- Net Operating Income $117,493
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 6, 2019
Closed on
Feb 20, 2020
Sold by
Bought by
Seller's Agent
Kathy Ullrich
Key Realty, Inc.- Rockford
Buyer's Agent
Non Member
NON MEMBER
List Price
$689,900
Sold Price
$639,900
Premium/Discount to List
-$50,000
-7.25%
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
$940,142
Avg. Annual Appreciation
15.30%
Original Mortgage
$479,925
Interest Rate
5.75%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $640,000 | Smithamundsen Llc |
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 |
|---|---|---|---|
| Closed | $479,925 | ||
| Closed | $479,925 |
Source: Public Records
Property 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 | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/28/2020 02/28/20 | Sold | $639,900 | -7.2% | $17 / Sq Ft |
| 11/20/2019 11/20/19 | Pending | -- | -- | -- |
| 09/06/2019 09/06/19 | For Sale | $689,900 | -- | $19 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax 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.
| 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 | $35,424 | $373,816 | $33,282 | $340,534 |
| 2023 | $31,114 | $299,650 | $29,346 | $270,304 |
| 2022 | $30,601 | $267,832 | $26,230 | $241,602 |
| 2021 | $30,099 | $245,582 | $24,051 | $221,531 |
| 2020 | $29,852 | $232,163 | $22,737 | $209,426 |
| 2019 | $29,644 | $221,276 | $21,671 | $199,605 |
| 2018 | $29,857 | $208,535 | $20,423 | $188,112 |
| 2017 | $29,609 | $199,574 | $19,545 | $180,029 |
| 2016 | $29,583 | $195,834 | $19,179 | $176,655 |
| 2015 | $29,955 | $195,834 | $19,179 | $176,655 |
| 2014 | $29,134 | $195,854 | $19,181 | $176,673 |
Source: Public Records
Agents Affiliated with this Home
-
Kathy Ullrich
-
N
Buyer's Agent in 2020
Non Member
NON MEMBER
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 10509663
APN: 11-35-429-001
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.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
Nearby Homes
Your Personal Tour Guide
Ask me questions while you tour the home.