NOT LISTED FOR SALE

221 W Park Ave Libertyville, IL 60048

South Libertyville Neighborhood

Estimated Value: $612,000 - $688,936

5 Beds
4 Baths
2,679 Sq Ft
$239/Sq Ft Est. Value

Last Sold March 27, 2018

Last sale price $321,000 $120 Per Sq Ft

Est. 99% increase in value since last sale

Current estimated payment $3,770/month

4 Days on Market

Highlights

  • Screened Deck
  • 2 Car Detached Garage
  • Paved or Partially Paved Lot
  • Rockland Elementary School Rated A-
  • Porch
  • Storage Shed

About This Home

As of March 2018

Vintage duplex, walk to downtown Libertyville shops, restaurants and train station. First floor unit has fireplace and screened porch, units share basement with two sets of washers/dryers, detached two car garage and parking area, property backs up to North Shore bike path.

Last Agent to Sell the Property

Peter Kakenmaster

Kakenmaster and Associates, Inc. License #471001121 Listed on: 03/05/2018

Last Buyer's Agent

Mike Bodden

Chase Real Estate LLC License #475130117

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,431

Year Built

  • Built in 1914

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 50x173
  • Paved or Partially Paved Lot

Parking

  • 2 Car Detached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Asphalt Roof
  • Concrete Perimeter Foundation
  • Stucco

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 4 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House

Outdoor Features

  • Screened Deck
  • Storage Shed
  • Porch

Schools

  • Libertyville High School

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 2 Units

Building Details

  • Gross Income $27,360
  • Net Operating Income $15,483

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,431

Year Built

Built in 1914

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1914
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 5
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 1
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher

Exterior Features

  • ExteriorFeatures: Porch, Storage Shed, Screened Deck
  • Foundation Details: Concrete Perimeter
  • List Price: 300000
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Stucco

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: No
  • Parking Ownership: Owned

Utilities

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

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved

Fee Information

  • Other Expenses $: 11877

Schools

  • High School: Libertyville High School
  • Middle/Junior School District: 70

Lot Info

  • Lot Size Acres: 0.2
  • Lot Dimensions: 50X173
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 15483
  • GrossIncome: 27360
  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 7430.74
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2018
Closed on
Mar 23, 2018
Sold by
Schar John Arthur and Schar Candace Hope
Bought by
Berg Holdings Inc
Seller's Agent
Peter Kakenmaster
Kakenmaster and Associates, Inc.
Buyer's Agent
Mike Bodden
Chase Real Estate LLC
List Price
$300,000
Sold Price
$321,000
Premium/Discount to List
$21,000
7%
Current Estimated Value
$639,234

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$318,234
Avg. Annual Appreciation
9.50%
Original Mortgage
$240,750
Interest Rate
5.2%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 20, 2001
Sold by
Schar John
Bought by
Schar John Arthur and Schar Candace Hope

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.62%

Purchase Details

Closed on
Aug 10, 2001
Sold by
Cioni David L and Cioni Karen V
Bought by
Schar John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.62%

Purchase Details

Closed on
Dec 8, 1997
Sold by
Cioni David L and Cioni Karen V
Bought by
Cioni David L and Cioni Karen V
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
Berg Holdings Inc $321,000 First American Ttile
Schar John Arthur -- Koenig & Strey Title
Schar John $340,000 --
Cioni David L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Berg Holdings Inc $240,750
Previous Owner Schar John $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/27/2018 03/27/18 Sold $321,000 +7.0% $120 / Sq Ft
03/09/2018 03/09/18 Pending -- -- --
03/05/2018 03/05/18 For Sale $300,000 -- $112 / Sq Ft
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 $4,884 $125,849 $52,187 $73,662
2023 $4,786 $116,075 $48,134 $67,941
2022 $8,928 $111,631 $46,265 $65,366
2021 $8,602 $109,228 $45,269 $63,959
2020 $8,284 $107,392 $44,508 $62,884
2019 $8,077 $106,371 $44,085 $62,286
2018 $7,772 $105,748 $53,151 $52,597
2017 $7,669 $102,409 $51,473 $50,936
2016 $7,431 $97,097 $48,803 $48,294
2015 $7,385 $90,754 $45,615 $45,139
2014 $7,081 $85,272 $42,860 $42,412
2012 $6,752 $86,012 $43,232 $42,780
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2018

    Peter Kakenmaster

    Kakenmaster and Associates, Inc.

    (847) 951-0182

    2 in this area

    25 Total Sales

    Peter Kakenmaster
    Section Image
  • Mike Bodden

    Buyer's Agent in 2018

    Mike Bodden

    Chase Real Estate LLC

    (847) 293-8928

    3 in this area

    398 Total Sales

    Mike Bodden
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09875641

Midwest Real Estate Data (MRED)

APN: 11-21-108-019

Illinois Lake County Libertyville 60048 South Libertyville

221 W Park Ave, Libertyville, IL

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