NOT LISTED FOR SALE

225 E Meadow Lawn St Manito, IL 61546

Estimated Value: $92,000 - $280,514

5 Beds
4 Baths
16,596 Sq Ft
$11/Sq Ft Est. Value

Last Sold July 02, 2018

Last sale price $339,000 $20 Per Sq Ft

Est. 45% decrease in value since last sale

Current estimated payment $1,178/month

About This Home

As of July 2018

ATTENTION INVESTORS! A GREAT OPPORTUNITY AWAITS WITH MEADOW LAWN APARTMENTS. 16 UNIT BUILDING CURRENTLY AT 100% OCCUPANCY. VERY WELL MAINTAINED & HIGHLY DESIRABLE FOR TENANTS. WELL MANICURED & MAINTAINED PROPERTY OFFERS PLENTY OF PARKING, GREEN SPACE, & GAZEBO. SECURED BUILDING W/ INTERCOM & PERMISSION ACCESS ONLY. 4 X 4 STORAGE LOCKERS FOR ONE BEDROOM UNIT TENANTS. NUMEROUS UPDATES INCLUDE LANDSCAPING, CARPETS, FANS, VINYL & MORE! LOCATED NEXT TO THE FORMAN CENTER & WALKING DISTANCE TO LIBRARY. COIN OPERATED LAUNDRY PROVIDES EXTRA INCOME & BENEFIT FOR RESIDENTS. TAKE THE TOUR TODAY!

Last Agent to Sell the Property

Christine Schauble

eXp Realty License #471010122 Listed on: 05/03/2018

Last Buyer's Agent

Christine Schauble

eXp Realty License #471010122 Listed on: 05/03/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,885

Year Built

  • Built in 1920

Lot Details

  • 0.84

Schools

  • Midwest Central Elementary School
  • Midwest Central High School

Additional Features

  • Basement Fills Entire Space Under The House
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for gas & electric

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,885

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: Apartment Building
  • Legal Description: PT OF SE 1/4 SW 1/4 21 23 6 & 191
  • Lvt Date: 05/03/2018
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Cable Tv Available
  • Basement: Egress Window, Finished, Full
  • Price Per Sq Ft: 20.43
  • Total Sq Ft: 16596

Exterior Features

  • Exterior: Brick
  • Road Access: Paved

Garage/Parking

  • Number Parking Spaces: 17

Utilities

  • Heating Cooling: Forced Air, Gas, Central Air
  • Water Sewer: Public Sewer, Public Water
  • Laundry Facilities: Common

Schools

  • Elementary School: Midwest Central
  • Middle School: Midwest Central
  • High School: Midwest Central
  • Elementary School: Midwest Central
  • High School: Midwest Central

Lot Info

  • Estimated Lot Size: .840
  • Estimated Number of Acres: 0.84
  • Lot Description: Level
  • Subdivision: Manito
  • Geo Subdivision: IL

Rental Info

  • Tenant Pays: Gas & Electric
  • Gross Annual Rent Income: 70071
  • Lease Information: Various Terms

Tax Info

  • Annual Taxes: 7884.92
  • Parcel Id Number Tax Id: 03-21-434-007
  • Tax Year: 2016

Multi Family

  • Total Number Units: 16
  • Gross Annual Income: 70071
  • Total Number Central Air Units: 16
  • Total Number Electric Meters: 16
  • Total Number Gas Meters: 16
  • Total Number Heating Units: 16
  • Total Number Water Heaters: 1
  • Total Number Water Meters: 1

MLS Schools

  • Middle School: Midwest Central

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2018
Closed on
Jul 2, 2018
Sold by
Heinhorst Dirk W and Heinhorst Teresa A
Bought by
Imperial Valley Properties Llc
Seller's Agent
Christine Schauble
eXp Realty
Buyer's Agent
Christine Schauble
eXp Realty
List Price
$339,900
Sold Price
$339,000
Premium/Discount to List
-$900
-0.26%
Current Estimated Value
$186,257

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$152,743
Avg. Annual Appreciation
-2.67%
Original Mortgage
$271,200
Interest Rate
2.82%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 31, 2010
Sold by
Morton Community Bank
Bought by
Heinhorst Dirk W and Heinhorst Teresa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
4.96%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 13, 2009
Sold by
Old Manito High School Rehabiltation Lim
Bought by
Morton Community Bank
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
Imperial Valley Properties Llc $339,000 First Community Title Servic
Heinhorst Dirk W $240,000 None Available
Morton Community Bank -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Imperial Valley Properties Llc $485,000
Closed Imperial Valley Properties Llc $271,200
Previous Owner Heinhorst Dirk W $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2018 07/02/18 Sold $339,000 -0.3% $20 / Sq Ft
05/10/2018 05/10/18 Pending -- -- --
05/03/2018 05/03/18 For Sale $339,900 -- $20 / Sq Ft
Source: RMLS Alliance

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 $8,587 $95,469 $4,788 $90,681
2023 $8,587 $89,794 $4,503 $85,291
2022 $7,872 $81,645 $4,094 $77,551
2021 $7,744 $78,777 $3,950 $74,827
2020 $7,678 $78,777 $3,950 $74,827
2019 $7,644 $78,777 $3,950 $74,827
2018 $7,694 $78,777 $3,950 $74,827
2017 $7,635 $78,777 $3,950 $74,827
2016 $7,885 $78,777 $3,950 $74,827
2015 $7,682 $78,777 $3,950 $74,827
2012 $7,682 $78,688 $3,861 $74,827
Source: Public Records

Agents Affiliated with this Home

  • Christine Schauble

    Seller's Agent in 2018

    Christine Schauble

    eXp Realty

    (309) 208-9900

    1,290 Total Sales

    Christine Schauble
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Map

Source: RMLS Alliance

MLS Number: RMAPA1193922

RMLS Alliance

APN: 03-21-434-007

Illinois Mason County Manito 61546

225 E Meadow Lawn St, Manito, IL

This home is located at 225 E Meadow Lawn St, Manito, IL 61546 since 03 May 2018 and is currently estimated at $186,257, approximately $11 per square foot. This property was built in 1920. 225 E Meadow Lawn St is a home located in Mason County with nearby schools including Midwest Central Primary School, Midwest Central Middle School, and Midwest Central 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.

RMLS Alliance 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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