NOT LISTED FOR SALE

Estimated Value: $862,427

12 Beds
6 Baths
-- Sq Ft
0.27 Acres

Last Sold September 02, 2016

Last sale price $530,000

Est. 63% increase in value since last sale

Current estimated payment $6,206/month

77 Days on Market

About This Home

As of September 2016

RARE NORTH PLAINFIELD 6 UNIT APARTMENT BUILDING PROVEN MONEY MAKER,ZERO VACANCY HISTORY,8 YEAR OLD ARCHITECTURAL SHINGLE ROOF WITH TRANSFERABLE WARRANTY,7 YEAR OLD COMPLETELY RECONSTRUCTED PARKING LOT,RARE FULL LAUNDRY IN EACH UNIT,BUILDING COMPLETELY UPDATED W/ REPLACEMENT WINDOWS,NEWER PLUMBING-ROCKER SWITCHES-RECEPTICALS-INTERIOR PAINT-FRIDGES-RANGES-WASHERS-DRYERS-AIR-HOT WATER HEATERS-CARPET,CERAMIC TILE IN KITCHENS & BATHS,100 AMP DEDICATED BREAKER PANELS,CEILING FANS IN ALL UNITS,SEPARATE ELECTRIC METERS TENANTS PAY ALL,ONLY 6 UNIT IN THE AREA EXTREMELY HIGH DEMAND FOR RENTAL UNITS IN PLAINFIELD

Last Agent to Sell the Property

Kenneth Thomson

Century 21 Circle License #475109316 Listed on: 05/04/2016

Century 21 Circle

Last Buyer's Agent

Shaine Muha

john greene, Realtor License #475158943

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,653

Year Built

  • 1975

Lot Details

  • 0.27

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Cedar

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System

Community Details

  • Insurance Expense $2,253

Listing and Financial Details

  • Tenant pays for air conditioning, electric, heat

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,653

Year Built

1975

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Condominium
  • Ownership Type: Individual
  • Potential Use: Condominium, Residential-Multi-Family
  • Utilities To Site: Sanitary Sewer to Site, Water-Municipal
  • Zoning Type: MULTI
  • Estimated Age: 36-50 Years
  • Net Operating Income Year: 2014
  • Net Oper Income: 44878
  • Outdoor Parking: 13-18 Spaces
  • Roof Coverings: Shingle Composition
  • Roof Structure: Mansard
  • Scavenger Expense: 1160
  • Total Annual Exp: 16022
  • Total Annual Income: 60900
  • Total Monthly Income: 5075
  • Number of Ranges: 6
  • Number Of Refrigs: 6
  • Number Of Window A C: 6
  • Number Of Stories: 3
  • Estimated Year Built: 1975
  • Type Multi Family: Flats
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1975

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick, Cedar
  • Acreage: 0.27
  • Construction: Wood Frame
  • Frontage Access: City Street, Public Road

Garage/Parking

  • Number Of Parking Spaces: 14

Utilities

  • Air Conditioner: Wall Sleeve, Window Unit/s
  • Heatventilation: Electric
  • Water Expense: 3900

Condo/Co-op/Association

  • Units in Building: 6

Fee Information

  • Electrical Service: Circuit Breakers, Separate Meters, 0-100 Amps

Lot Info

  • Lot Dimensions: 90X151
  • Lot Sq Ft: 13590
  • Land Amenities: Lighting/Exterior, Cable Ready
  • Parcel Identification Number: 0603044070070000

Rental Info

  • Gross Rental Income: 60900
  • Tenant Pays: Air Conditioning, Electric, Heat

Multi Family

  • Expense Year: 2014
  • Insurance Expense: 2253
  • Number Of Dryers: 6
  • Number Of Washers: 6

Tax Info

  • Taxes: 8709

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2016
Closed on
Sep 1, 2016
Sold by
Lutz Paul M and Lutz Kathy
Bought by
Araz Llc
Seller's Agent
Kenneth Thomson
Century 21 Circle
Buyer's Agent
Shaine Muha
john greene, Realtor
List Price
$599,000
Sold Price
$530,000
Premium/Discount to List
-$69,000
-11.52%
Total Days on Market
77
Current Estimated Value
$862,427

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$332,427
Avg. Annual Appreciation
5.73%
Original Mortgage
$375,000
Outstanding Balance
$303,567
Interest Rate
3.43%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$561,601

Purchase Details

Closed on
Jan 2, 2002
Sold by
First Midwest Bank
Bought by
Lutz Paul M and Lutz Kathy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
7%
Mortgage Type
Commercial
Source: Public Records

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Range of Values:

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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
Araz Llc $530,000 Fidelity Title
Lutz Paul M $380,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Araz Llc $375,000
Previous Owner Lutz Paul M $230,000
Previous Owner Lutz Paul M $256,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2016 09/02/16 Sold $530,000 -11.5% --
07/20/2016 07/20/16 Pending -- -- --
05/04/2016 05/04/16 For Sale $599,000 -- --
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
2023 $16,653 $225,882 $13,730 $212,152
2022 $11,829 $145,730 $13,730 $132,000
2021 $11,998 $145,730 $13,730 $132,000
2020 $12,192 $145,730 $13,730 $132,000
2019 $12,378 $145,730 $13,730 $132,000
2018 $12,288 $141,754 $13,730 $128,024
2017 $11,859 $133,730 $13,730 $120,000
2016 $11,641 $127,970 $13,730 $114,240
2015 $8,760 $91,410 $13,730 $77,680
2014 $8,760 $91,410 $13,730 $77,680
2013 $8,760 $91,410 $13,730 $77,680
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09216713

Midwest Real Estate Data (MRED)

APN: 06-03-04-407-007