NOT LISTED FOR SALE

Estimated Value: $423,000 - $546,000

6 Beds
3 Baths
2,408 Sq Ft
$200/Sq Ft Est. Value

Last Sold November 20, 2013

Last sale price $207,700 $86 Per Sq Ft

Est. 124% increase in value since last sale

Current estimated payment $3,423/month

24 Days on Market

Highlights

  • Traditional Architecture
  • Forced Air Heating System
  • Paved or Partially Paved Lot
  • Wayne Thomas Elementary School Rated A

About This Home

As of November 2013

243/245 Central is a Great Duplex near town center for an Income Investment*Very Clean & Updated, Updates Include: Electrical, Plumbing, Furnaces, Central air water heaters & Windows*Separate Basements that were redone with concrete coating & separate driveways*Fenced Yard*both units are rented*Make Instant Income of $30,000/year Right Away*Sold As Is (no repairs) *Company Owned Building.

Last Agent to Sell the Property

Eddie Moses

Berkshire Hathaway HomeServices Chicago License #471003298 Listed on: 09/12/2013

Berkshire Hathaway HomeServices Chicago

Last Buyer's Agent

Alan Berlow

Coldwell Banker Realty License #475125930

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,739

Year Built

  • Built in 1940

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 111x69
  • Paved or Partially Paved Lot

Home Design

  • Traditional Architecture
  • Asphalt Roof
  • Aluminum Siding
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 3 Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House

Parking

  • 6 Parking Spaces
  • Driveway
  • Uncovered Parking
  • Parking Space is Owned

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,739

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Traditional
  • New Construction: No
  • Year Built: 1940
  • Age: 71-80 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Rehab (Y/N): Yes
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 6
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Central Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Central Air Conditioner

Exterior Features

  • Foundation Details: Concrete Perimeter
  • List Price: 220000
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding

Garage/Parking

  • Parking Features: Driveway
  • ParkingTotal: 6
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Community Features: Street Lights, Street Paved

Schools

  • Middle/Junior School District: 112

Lot Info

  • Lot Size Acres: 0.16
  • Lot Dimensions: 111X69
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 6739
  • Tax Year: 2012

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Story Unit/s,Duplex Side by Side

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2013
Closed on
Nov 20, 2013
Sold by
American Home Development
Bought by
Romero Calma Jennifer and Romero Calma
Seller's Agent
Eddie Moses
Berkshire Hathaway HomeServices Chicago
Buyer's Agent
Alan Berlow
Coldwell Banker Realty
List Price
$220,000
Sold Price
$207,700
Premium/Discount to List
-$12,300
-5.59%
Current Estimated Value
$465,002

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$257,302
Avg. Annual Appreciation
6.97%
Original Mortgage
$155,775
Outstanding Balance
$119,315
Interest Rate
4.62%
Mortgage Type
New Conventional
Estimated Equity
$338,271

Purchase Details

Closed on
Jan 25, 2013
Sold by
Pineda Carlos
Bought by
American Home Development

Purchase Details

Closed on
Feb 10, 2004
Sold by
Pineda Martha L
Bought by
Pineda Carlos M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,500
Interest Rate
5.87%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Oct 3, 2001
Sold by
Wyatt Ronald R
Bought by
Pineda Carlos M and Pineda Martha L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,500
Interest Rate
11%

Purchase Details

Closed on
Nov 30, 1994
Sold by
Mordini James and Mordini Lauren Anne
Bought by
Wyatt Ronald R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,800
Interest Rate
8.91%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Romero Calma Jennifer $207,700 Fort Dearborn Land Title
American Home Development $107,649 None Available
Pineda Carlos M -- Lakeshore Title Agency
Pineda Carlos M $270,000 --
Wyatt Ronald R $142,000 Imperial Land Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Romero Calma Jennifer $155,775
Previous Owner Pineda Carlos M $305,787
Previous Owner Pineda Carlos M $287,250
Previous Owner Pineda Carlos M $285,500
Previous Owner Pineda Carlos M $265,000
Previous Owner Pineda Carlos M $40,500
Previous Owner Wyatt Ronald R $127,800
Closed Pineda Carlos M $216,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2013 11/20/13 Sold $207,700 -5.6% $86 / Sq Ft
10/06/2013 10/06/13 Pending -- -- --
09/12/2013 09/12/13 For Sale $220,000 -- $91 / Sq Ft
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 $10,529 $137,907 $37,041 $100,866
2023 $8,545 $124,307 $33,388 $90,919
2022 $8,545 $98,135 $36,678 $61,457
2021 $7,916 $94,862 $35,455 $59,407
2020 $7,733 $94,862 $35,455 $59,407
2019 $7,503 $94,418 $35,289 $59,129
2018 $7,721 $101,335 $38,987 $62,348
2017 $7,630 $100,750 $38,762 $61,988
2016 $7,340 $95,916 $36,902 $59,014
2015 $7,175 $89,116 $34,286 $54,830
2014 $7,360 $91,819 $28,196 $63,623
2012 $6,730 $92,354 $28,360 $63,994
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 08444817

Midwest Real Estate Data (MRED)

APN: 16-15-410-011