NOT LISTED FOR SALE

222 S 16th St Belleville, IL 62220

Estimated Value: $96,000 - $131,381

-- Bed
-- Bath
1,084 Sq Ft
$111/Sq Ft Est. Value

Last Sold October 29, 2020

Last sale price $92,000 $85 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $779/month

About This Home

As of October 2020

There are 2 duplexes on one parcel being sold in as is condition. The front building has a 3 bedroom 2 bath unit that rents for $700 a month and the other is a larger efficiency that rents for $425. The back building has 1 one bedroom that rents for $475 and 1 efficiency that rents for $375. The landlord pays Water, sewer, trash and maintains the grass. The seller will do no inspections and no repairs. All information for zoning or occupancy to be verified by the buyer. Sold before print.

Last Agent to Sell the Property

Gary Johnston

Johnston Realty, Inc. License #471004014 Listed on: 10/28/2020

Last Buyer's Agent

Jason Buss

RE/MAX Preferred License #475162134

RE/MAX Preferred

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,195

Year Built

  • Built in 1936

Lot Details

  • 6,839 Sq Ft Lot

Parking

  • Off-Street Parking

Home Design

  • 1,084 Sq Ft Home
  • Duplex
  • Aluminum Siding
  • Vinyl Siding

Schools

  • Belleville Dist 118 Elementary And Middle School
  • Belleville High School-West

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for sewer, trash removal, water
  • Assessor Parcel Number 08-20.0-429-003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,195

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Property Type: Multi-Family 2-4
  • Municipality Township: Belleville
  • Special Description: No Exemptions
  • Age: 84
  • Year Built: 1936
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Square Footage: 1084

Exterior Features

  • Construction: Aluminum Siding, Vinyl Siding

Garage/Parking

  • Parking: Off Street

Utilities

  • Sewer: Public
  • Water: Public
  • Water Heater: Gas
  • Cooling: Central-Electric
  • Heating: Forced Air

Schools

  • School District: Belleville DIST 118
  • Elementary School: BELLEVILLE DIST 118
  • Middle School: BELLEVILLE DIST 118
  • High School: Belleville High School-West
  • Elementary School: BELLEVILLE DIST 118
  • Junior High School: BELLEVILLE DIST 118
  • School District: Belleville DIST 118
  • Senior High School: Belleville High School-West

Lot Info

  • Lot Dimensions: See Plat
  • Lot Sq Ft: 6839
  • Acres: 0.1570

Rental Info

  • Tenancy Type: 1 or More Vacant, Month To Month
  • Tenant Pays: Sewer, Trash Removal, Water

Multi Family

  • Gross Operating Income: 23700.00
  • Total Expenses: 6739.00
  • Type Of Units: 2-Family

Tax Info

  • Taxes Paid: 3387
  • Assessor Parcel Number: 08-20.0-429-003

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2020
Closed on
Oct 29, 2020
Sold by
Fahmer Arthur A and Fahmer Sharon K
Bought by
Powell Laura A
Seller's Agent
Gary Johnston
Johnston Realty, Inc.
Buyer's Agent
Jason Buss
RE/MAX Preferred
List Price
$92,000
Sold Price
$92,000
Current Estimated Value
$120,845

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,845
Avg. Annual Appreciation
6.58%
Original Mortgage
$73,600
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 16, 2015
Sold by
Fahrner Arthur A and Fahrner Sharon K
Bought by
Arthur & Sharon Fahrner Joint Revocable

Purchase Details

Closed on
Mar 13, 2014
Sold by
Bouse Properties Llc
Bought by
Fahrner Arthur A and Fahrner Sharon K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,601
Interest Rate
4.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 25, 2008
Sold by
Bouse Kevin and Bouse Virginia
Bought by
Bouse Properties Llc

Purchase Details

Closed on
Oct 31, 2007
Sold by
Fahrner Arthur A and Fahrner Sharon K
Bought by
Bouse Kevin and Bouse Virginia
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
Powell Laura A $92,000 First American
Arthur & Sharon Fahrner Joint Revocable -- Attorney
Fahrner Arthur A $94,000 Fatic
Bouse Properties Llc -- None Available
Bouse Kevin $79,000 Community Title Shiloh Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Powell Laura Anne $40,000
Open Powell Laura A $134,000
Closed Powell Laura A $73,600
Previous Owner Fahrner Arthur A $95,601
Previous Owner Bouse Properties Llc $109,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2020 10/29/20 Sold $92,000 0.0% $85 / Sq Ft
10/28/2020 10/28/20 Pending -- -- --
10/28/2020 10/28/20 For Sale $92,000 -- $85 / Sq Ft
Source: MARIS MLS

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 $4,195 $44,692 $3,399 $41,293
2022 $3,851 $40,234 $3,060 $37,174
2021 $3,709 $37,195 $2,829 $34,366
2020 $3,605 $35,173 $2,675 $32,498
2019 $3,388 $32,700 $2,679 $30,021
2018 $3,313 $31,993 $2,621 $29,372
2017 $3,287 $31,769 $2,603 $29,166
2016 $3,245 $31,095 $2,548 $28,547
2014 $4,368 $47,237 $3,605 $43,632
2013 $4,322 $47,913 $3,657 $44,256
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MARIS MLS

MLS Number: MIS20076887

MARIS MLS

APN: 08-20.0-429-003