NOT LISTED FOR SALE

241 N Ford St Marengo, IL 60152

Estimated Value: $339,000 - $390,000

6 Beds
6 Baths
-- Sq Ft
7,405 Sq Ft Lot

Last Sold February 01, 2022

Last sale price $264,000

Est. 37% increase in value since last sale

Current estimated payment $2,606/month

96 Days on Market

Highlights

  • Multiple Water Heaters
  • Heating System Uses Natural Gas
  • 4-minute walk to Calvin Spencer Park

About This Home

As of February 2022

LONGTIME OWNER SAYS TIME TO RETIRE, TENANTS PAY GAS AND ELECTRIC, WATER NOT SPLIT OUT YET. RENTS BELOW MARKET/ ROOM TO INCREASE, OR TURN INTO CONDOS. XLNT BUILDING/ INVESTMENT FOR SAVVY OR NEW INVESTOR, LOTS OF OPPORTUNITY ALSO OFFERED WITH 7 UNIT NEXT DOOR $644000. Seller prefers 7 unit sold first. BROKERS/AGENTS INSTRUCTED NOT TO DISTURB TENANTS BE PROFESSIONAL, MONTHLY INCOME IS CURRENTLY $2850.00, INCLUDES CONCESSION FOR ON SITE HELP AND UNDER MARKET RENTS

Last Agent to Sell the Property

Nicholas Tabick

RE/MAX Suburban License #475138167 Listed on: 07/03/2021

RE/MAX Suburban

Last Buyer's Agent

Darlene Barnas

RE/MAX Advantage Realty License #471004428

RE/MAX Advantage Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,369

Year Built

  • Built in 1975

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 114x70

Home Design

  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 6 Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • Bedroom in Basement
  • Recreation or Family Area in Basement
  • Basement Storage

Parking

  • 8 Parking Spaces
  • Over 1 Space Per Unit
  • Driveway
  • Uncovered Parking
  • Visitor Parking
  • Off-Street Parking
  • Parking Included in Price
  • Assigned Parking

Schools

  • Marengo High School

Utilities

  • Heating System Uses Natural Gas
  • Multiple Water Heaters

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,369

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1975
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • New Construction Y/N: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 6
  • Total Bedrooms: 6
  • Other Equipment: CO Detectors, Multiple Water Heaters
  • Basement Description: Finished,Concrete (Basement),Rec/Family Area,Sleeping Area,Storage Space
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Frame,Stucco

Garage/Parking

  • Parking Features: Assigned, Off Street, Visitor Parking, Driveway, More Than 1 Spc/Unit
  • ParkingTotal: 8
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer, Sewer-Storm
  • Heating: Natural Gas, Electric
  • Water Source: Public

Schools

  • High School: Marengo High School

Lot Info

  • Lot Size Acres: 0.17
  • Lot Dimensions: 114X70
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 7369.38
  • Tax Year: 2020

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 3 Flat,2 Story Unit/s

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 3, 2021
Closed on
Jan 24, 2022
Sold by
Sharon L Carr Self-Declaration Of Trust
Bought by
Ford Castle Llc
Seller's Agent
Nicholas Tabick
RE/MAX Suburban
Buyer's Agent
Darlene Barnas
RE/MAX Advantage Realty
List Price
$276,000
Sold Price
$264,000
Premium/Discount to List
-$12,000
-4.35%
Current Estimated Value
$361,235

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,235
Avg. Annual Appreciation
8.75%
Original Mortgage
$704,000
Outstanding Balance
$213,897
Interest Rate
3.99%
Mortgage Type
New Conventional
Estimated Equity
$147,338
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
Ford Castle Llc $880,000 Law Office Of James R Nelson &
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ford Castle Llc $704,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/01/2022 02/01/22 Sold $264,000 -4.3% --
10/08/2021 10/08/21 Pending -- -- --
07/03/2021 07/03/21 For Sale $276,000 -- --
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 $8,471 $111,629 $17,938 $93,691
2023 $8,322 $98,404 $15,813 $82,591
2022 $7,983 $88,989 $14,300 $74,689
2021 $7,472 $81,084 $13,030 $68,054
2020 $7,369 $77,164 $12,400 $64,764
2019 $7,824 $73,113 $11,749 $61,364
2018 $7,298 $68,483 $11,005 $57,478
2017 $7,094 $64,869 $10,424 $54,445
2016 $6,902 $60,608 $9,739 $50,869
2013 -- $59,297 $9,528 $49,769
Source: Public Records

Agents Affiliated with this Home

  • Nicholas Tabick

    Seller's Agent in 2022

    Nicholas Tabick

    RE/MAX Suburban

    (847) 254-9654

    3 in this area

    38 Total Sales

    Nicholas Tabick
    Section Image
  • Darlene Barnas

    Buyer's Agent in 2022

    Darlene Barnas

    RE/MAX

    (815) 354-6551

    2 in this area

    51 Total Sales

    Darlene Barnas
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11116187

Midwest Real Estate Data (MRED)

APN: 11-35-229-003

Illinois McHenry County Marengo 60152

241 N Ford St, Marengo, IL

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