Seller's Agent in 2024
Jason Buss
RE/MAX Preferred
(618) 580-1016
395 in this area
507 Total Sales
2273 Frank Scott Pkwy W Belleville, IL 62223
Estimated Value: $119,000 - $156,000
--
Bed
--
Bath
2,360
Sq Ft
$59/Sq Ft
Est. Value
Highlights
- Detached Garage
- Cooling Available
- Forced Air Heating System
About This Home
As of September 2024Excellent opportunity for a first time investor or a seasoned investor. Each unit has 2 bedrooms and 1 bathroom along with storage and laundry hookups in the basement. The units are mirror images of each other and the vacant side can be shown immediately, the occupied side requires a minimum 24 hour notice. This property also has a handy two car garage and an extra lot to the south of the duplex. Garage can be rented and the lot can be built on. The vacant unit needs updating but should rent between $995 up to $1195 depending on the quality of upgrades and workmanship. Gross income is based on one unit at $995 and the other at $700. Gross expenses are estimated. Parcel #07-12.0-421-015, 215 South 59th St. included in price. Taxes and lot measurements are combined. Property is being sold 100% as is, all inspections are for buyer's information only. Buyer will be responsible for obtaining a city inspection after closing. Occupied unit is month to month and tenant pays all utilities.
Last Agent to Sell the Property
RE/MAX Preferred License #475162134 Listed on: 08/02/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,302
Year Built
- Built in 1909
Lot Details
- 0.38 Acre Lot
- Lot Dimensions are 114.16x147
Home Design
- 2,360 Sq Ft Home
- Frame Construction
- Steel Siding
Parking
- Detached Garage
- Gravel Driveway
- Off-Street Parking
- Unassigned Parking
Schools
- Harmony Emge Dist 175 Elementary And Middle School
- Belleville High School-West
Utilities
- Cooling Available
- Forced Air Heating System
Community Details
- Net Operating Income $13,038
Listing and Financial Details
- Tenant pays for all utilities
- Assessor Parcel Number 07-12.0-421-013
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 2, 2024
Closed on
Sep 4, 2024
Sold by
Truran Chad M
Bought by
C & A Property Investment Llc
Seller's Agent
Jason Buss
RE/MAX Preferred
Buyer's Agent
Chad Doyle
RE/MAX Preferred
List Price
$110,000
Sold Price
$115,000
Premium/Discount to List
$5,000
4.55%
Views
13
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,870
Avg. Annual Appreciation
17.82%
Original Mortgage
$92,000
Outstanding Balance
$91,025
Interest Rate
6.78%
Mortgage Type
Commercial
Estimated Equity
$47,845
Purchase Details
Closed on
Jul 16, 2007
Sold by
Laughlin Dennis P and Laughlin Kay M
Bought by
Truran Chad M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,576
Interest Rate
6.42%
Mortgage Type
FHA
Purchase Details
Closed on
Apr 3, 2001
Sold by
Mccoy Louis
Bought by
Laughlin Dennis P and Laughlin Kay M
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| C & A Property Investment Llc | $115,000 | Town & Country Title | |
| Truran Chad M | $124,500 | Pti | |
| Laughlin Dennis P | $90,000 | Professional Title Insurance |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | C & A Property Investment Llc | $92,000 | |
| Previous Owner | Truran Chad M | $122,576 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/04/2024 09/04/24 | Sold | $115,000 | +4.5% | $49 / Sq Ft |
| 08/03/2024 08/03/24 | Pending | -- | -- | -- |
| 08/02/2024 08/02/24 | For Sale | $110,000 | -4.3% | $47 / Sq Ft |
| 07/25/2024 07/25/24 | Off Market | $115,000 | -- | -- |
Source: MARIS MLS
Tax History Compared to Growth
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 | $4,864 | $52,997 | $5,513 | $47,484 |
| 2023 | $4,605 | $47,814 | $5,403 | $42,411 |
| 2022 | $4,302 | $43,045 | $4,864 | $38,181 |
| 2021 | $4,163 | $39,794 | $4,497 | $35,297 |
| 2020 | $4,074 | $37,632 | $4,253 | $33,379 |
| 2019 | $3,795 | $34,397 | $4,260 | $30,137 |
| 2018 | $3,728 | $33,653 | $4,168 | $29,485 |
| 2017 | $3,728 | $33,417 | $4,139 | $29,278 |
| 2016 | $3,691 | $32,707 | $4,051 | $28,656 |
| 2014 | $3,267 | $33,613 | $5,551 | $28,062 |
| 2013 | $3,162 | $34,093 | $5,630 | $28,463 |
Source: Public Records
Agents Affiliated with this Home
-
Jason Buss
-
Chad Doyle
Buyer's Agent in 2024
Chad Doyle
RE/MAX Preferred
(618) 580-3695
55 in this area
161 Total Sales
Map
Source: MARIS MLS
MLS Number: MIS24038253
APN: 07-12.0-421-013
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