NOT LISTED FOR SALE

Estimated Value: $1,485,000 - $2,057,000

5 Beds
3 Baths
-- Sq Ft
2,614 Sq Ft Lot

Last Sold June 20, 2016

Last sale price $442,334

Est. 285% increase in value since last sale

Current estimated payment $11,289/month

7 Days on Market

About This Home

As of June 2016

REO - BANK OWNED.PROPERTY SOLD "AS IS" WITHOUT REPAIR, WARRANTY OR SELLER DISCLOSURE. "SELLER WILL NOT ACTIVATE ANY UTILTIES" ..CASH & CONVENTIONAL OFFERS

Last Agent to Sell the Property

Paul Rakowski

Owners.com Listed on: 03/07/2016

Last Buyer's Agent

Non Member

NON MEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,878

Year Built

  • Built in 1875

Lot Details

  • 2,614

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 3 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • 3-Story Property
  • 2,614 Sq Ft Lot

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,878

Year Built

Built in 1875

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: 1875
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • List Price: 362520
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Size Acres: 0.06
  • Lot Dimensions: 2976
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 5878.5
  • Tax Year: 2014

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 3 Story Unit/s

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 8, 2017
Sold by
2230 W Ohio Llc
Bought by
Vaca Jim G and Vaca Karin A
Current Estimated Value
$1,702,707

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,068,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 10, 2016
Sold by
Deutsche Bank National Trust Co
Bought by
2230 W Ohio Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$693,000
Interest Rate
4.75%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 21, 1998
Sold by
Rivera Fausta and Galvez Jose
Bought by
Rivera Fausta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,500
Interest Rate
7.2%
Mortgage Type
Commercial
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
Vaca Jim G $1,335,000 Greater Illinois Title
2230 W Ohio Llc $442,334 Greater Illinois Title
Rivera Fausta -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vaca Jim G $1,025,000
Closed Vaca Jim G $1,068,000
Previous Owner 2230 W Ohio Llc $693,000
Previous Owner Rivera Fausta $460,000
Previous Owner Rivera Fausta $389,500
Previous Owner Rivera Fausta $360,000
Previous Owner Rivera Fausta $300,700
Previous Owner Rivera Fausta $1,150,000
Previous Owner Rivera Fausta $50,000
Previous Owner Rivera Fausta $154,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2016 06/20/16 Sold $442,334 +22.0% --
03/15/2016 03/15/16 Price Changed $362,520 -18.0% --
03/14/2016 03/14/16 Pending -- -- --
03/07/2016 03/07/16 Off Market $442,334 -- --
03/07/2016 03/07/16 For Sale $362,520 -- --
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 $24,133 $137,438 $22,171 $115,267
2023 $23,434 $118,202 $17,856 $100,346
2022 $23,434 $118,202 $17,856 $100,346
2021 $22,929 $117,354 $17,856 $99,498
2020 $26,996 $124,286 $10,118 $114,168
2019 $26,751 $136,579 $10,118 $126,461
2018 $26,979 $136,579 $10,118 $126,461
2017 $15,734 $73,091 $8,928 $64,163
2016 $7,218 $38,534 $8,928 $29,606
2015 $6,581 $38,534 $8,928 $29,606
2014 $5,879 $34,252 $7,440 $26,812
2013 $5,751 $34,252 $7,440 $26,812
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09157696

Midwest Real Estate Data (MRED)

APN: 17-07-114-034-0000