NOT LISTED FOR SALE

2342 Cherry Tree Ln Diamond, IL 60416

Estimated Value: $511,000 - $838,000

10 Beds
6 Baths
-- Sq Ft
0.26 Acres

Last Sold January 31, 2013

Last sale price $317,500

Est. 100% increase in value since last sale

Current estimated payment $4,062/month

10 Days on Market

Highlights

  • 2 Car Detached Garage
  • Patio
  • Forced Air Heating System
  • Coal City Intermediate School Rated A-

About This Home

As of January 2013

Great rental property. 4 units fully rented. 2/3 bedrooms each unit. Family room doubles as master bedroom. 2 garages for extra rental. Tenants pay extra for garages. Parking in front or on street.

Last Agent to Sell the Property

Joan Eslinger

Advantage Realty, Inc. License #471003332 Listed on: 12/31/2012

Last Buyer's Agent

Steve Barr

Advantage Realty, Inc. License #475098445

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,194

Year Built

  • Built in 2002

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 83x140

Parking

  • 2 Car Detached Garage
  • Parking Included in Price

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Potential Bedrooms
  • 6 Bathrooms

Schools

  • Coal City Elementary School
  • Coal City Middle School
  • Coal City High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Partial Basement
  • Patio

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $40,488
  • Net Operating Income $26,647

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,194

Year Built

Built in 2002

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: 2002
  • Age: 11-15 Years
  • Built Before 1978 (Y/N): No
  • General Information: School Bus Service
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial
  • Total Bathrooms: 6
  • Total Bedrooms: 10
  • Basement Description: Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0

Exterior Features

  • ExteriorFeatures: Patio
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding,Vinyl Siding,Steel Siding

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, Forced Air
  • Water Source: Public

Fee Information

  • Other Expenses $: 13841

Schools

  • Elementary School: COAL CITY ELEMENTARY SCHOOL
  • High School: COAL CITY HIGH SCHOOL
  • Middle/Junior School: COAL CITY MIDDLE SCHOOL

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.26
  • Lot Dimensions: 83X140
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 17
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 26647
  • GrossIncome: 40488
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat,2 Story Unit/s

Tax Info

  • Tax Annual Amount: 6194
  • Tax Year: 2011
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 31, 2012
Closed on
Feb 13, 2013
Sold by
Smart Kevin P and Smart Joyce A
Bought by
Applegate Properties Llc
Seller's Agent
Joan Eslinger
Advantage Realty, Inc.
Buyer's Agent
Steve Barr
Advantage Realty, Inc.
List Price
$360,000
Sold Price
$317,500
Premium/Discount to List
-$42,500
-11.81%
Current Estimated Value
$633,698

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$316,198
Avg. Annual Appreciation
5.50%

Purchase Details

Listed on
Dec 31, 2012
Closed on
Jan 29, 2013
Sold by
Smart Kevin P and Smart Joyce A
Bought by
Applegate Properties Llc
Seller's Agent
Joan Eslinger
Advantage Realty, Inc.
Buyer's Agent
Steve Barr
Advantage Realty, Inc.
List Price
$360,000
Sold Price
$317,500
Premium/Discount to List
-$42,500
-11.81%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Applegate Properties Llc $317,500 First American Title
Applegate Properties Llc $317,500 First American Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2013 01/31/13 Sold $317,500 -11.8% --
12/31/2012 12/31/12 For Sale $360,000 -- --
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 $9,008 $153,946 $10,497 $143,449
2023 $8,428 $144,022 $9,820 $134,202
2022 $7,921 $134,915 $9,199 $125,716
2021 $7,478 $127,519 $8,695 $118,824
2020 $7,357 $124,957 $8,520 $116,437
2019 $6,945 $117,884 $8,038 $109,846
2018 $6,957 $118,106 $8,053 $110,053
2017 $6,743 $113,837 $7,762 $106,075
2016 $6,664 $113,012 $7,706 $105,306
2015 $6,225 $109,275 $7,451 $101,824
2014 $6,081 $107,533 $7,332 $100,201
2013 $3,056 $109,560 $7,470 $102,090
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 08240590

Midwest Real Estate Data (MRED)

APN: 06-36-427-006