NOT LISTED FOR SALE

225 Summit St Rockford, IL 61107

Jackson Oaks Neighborhood

Estimated Value: $100,000 - $124,000

4 Beds
2 Baths
1,200 Sq Ft
$94/Sq Ft Est. Value

Last Sold September 10, 2021

Last sale price $74,000 $62 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $795/month

About This Home

As of September 2021

Side by side townhouse style two family. Currently both sides are rented at $750 each. Property has been well maintained and owned by the same owner for the last 30 years. Located across the street from Jackson School.

Last Agent to Sell the Property

Andrew Kordash

Berkshire Hathaway HomeServices Crosby Starck RE License #475143689 Listed on: 07/30/2021

Berkshire Hathaway HomeServices Crosby Starck RE

Last Buyer's Agent

Maureen McCarty

Emerald Realty Group of Rockford, PLLC License #475157672

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,260

Lot Details

  • 6,970

Home Design

  • Duplex
  • Shingle Roof
  • Siding

Interior Spaces

  • 1,200 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Washer and Dryer Hookup

Kitchen

  • Stove
  • Range

Parking

  • 4 Car Parking Spaces
  • Additional Parking

Schools

  • C Henry Bloom Elementary School
  • Abraham Lincoln Middle School
  • Rockford East High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Separate Water Meter
  • Natural Gas Water Heater

Community Details

  • 2 Units
  • 2-Story Building

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,260

Lot Details

0

Listing Details

  • Electric: Circuit Breaker
  • Appliances That Stay or Are Included: Refrigerator, Stove/Cooktop
  • Class: MULTIFAMILY
  • Estimated Above Grade Sq Ft: 1200
  • Front: 66
  • General Features: Additional Parking
  • Legal Description: CROSBYS ADDN W 105 FT LOT 001 BLOCK 013
  • Lvt Date: 07/30/2021
  • Rear: 66
  • Side 1: 105
  • Side 2: 105
  • Style: 2 Story
  • Type: 2 Units
  • Number Of Floors In Bldg: 2
  • Number Of Tenants In Bldg: 2
  • Number Of Units In Bldg: 2
  • Utilities Yr: 800
  • Agent Only_ L A1 User Code: 5235
  • Elementary School: C Henry Bloom Elementary
  • Estimated Total Finished Sq Ft: 1200
  • Hold Earnest Money Y N: Yes
  • Pertinent Facts: Side by side townhouse style two family. Currently both sides are rented at $750 each. Property has been well maintained and owned by the same owner for the last 30 years. Located across the street from Jackson School.
  • Designated Managing Broker Y N: No
  • Separate Electric: Yes
  • Separate Heat: Yes
  • Separate Water Y N: Yes
  • Washer Dryer Coin Operated: No
  • Washer Dryer Hookups: Yes
  • Washer Dryer: No
  • Estimated Above Grade Sq Ft: 1200
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement Type: Full
  • Basement: Yes

Exterior Features

  • Exterior: Siding
  • Roof: Shingle

Garage/Parking

  • Total Numberof Parking Spaces: 4

Utilities

  • Heating: Forced Air, Natural Gas
  • Sewer: City
  • Water: City
  • Water Heater: Natural Gas

Tax Info

  • Year: 2020
  • Taxes: 2260

MLS Schools

  • HighSchool: Rockford East High
  • School District: Rockford 205
  • Middle School: Abraham Lincoln Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2021
Closed on
Aug 9, 2021
Sold by
Devivo and Tecla
Bought by
Tsareskiy Vitaliy
Seller's Agent
Andrew Kordash
Berkshire Hathaway HomeServices Crosby Starck RE
Buyer's Agent
Maureen McCarty
Emerald Realty Group of Rockford, PLLC
List Price
$79,900
Sold Price
$74,000
Premium/Discount to List
-$5,900
-7.38%
Current Estimated Value
$112,703

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,703
Avg. Annual Appreciation
10.72%
Original Mortgage
$55,500
Outstanding Balance
$50,998
Interest Rate
3.63%
Mortgage Type
New Conventional
Estimated Equity
$61,705
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
Tsareskiy Vitaliy $74,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tsareskiy Vitaliy $55,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/10/2021 09/10/21 Sold $74,000 -7.4% $62 / Sq Ft
08/05/2021 08/05/21 Pending -- -- --
07/30/2021 07/30/21 For Sale $79,900 -- $67 / Sq Ft
Source: NorthWest Illinois Alliance of REALTORS®

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 $2,439 $25,734 $4,027 $21,707
2023 $2,356 $22,691 $3,551 $19,140
2022 $2,317 $20,282 $3,174 $17,108
2021 $2,279 $18,597 $2,910 $15,687
2020 $2,261 $17,581 $2,751 $14,830
2019 $2,245 $16,757 $2,622 $14,135
2018 $2,473 $17,271 $2,470 $14,801
2017 $2,452 $16,529 $2,364 $14,165
2016 $2,450 $16,220 $2,320 $13,900
2015 $2,481 $16,220 $2,320 $13,900
2014 $2,548 $17,128 $2,908 $14,220
Source: Public Records

Agents Affiliated with this Home

  • Andrew Kordash

    Seller's Agent in 2021

    Andrew Kordash

    Berkshire Hathaway HomeServices Crosby Starck Real Estate

    (815) 519-1644

    2 in this area

    106 Total Sales

    Andrew Kordash
    Section Image
  • Maureen McCarty

    Buyer's Agent in 2021

    Maureen McCarty

    Emerald Realty Group of Rockford, PLLC

    (815) 243-7095

    7 in this area

    126 Total Sales

    Maureen McCarty
    Section Image
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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202104554

NorthWest Illinois Alliance of REALTORS®

APN: 11-24-358-001

Illinois Winnebago County Rockford 61107 Jackson Oaks

225 Summit St, Rockford, IL

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