NOT LISTED FOR SALE

248 Hamacher St Waterloo, IL 62298

Estimated Value: $328,000 - $382,000

Studio
-- Bath
-- Sq Ft
0.3 Acres

Last Sold June 09, 2023

Last sale price $315,000

Est. 23% increase in value since last sale

Current estimated payment $2,555/month

Highlights

  • Deck
  • Patio
  • Forced Air Heating and Cooling System
  • Rogers Elementary School Rated A-

About This Home

As of June 2023

Great investment property in Waterloo! Each of the four units have a living room, eat in kitchen, 2 bedrooms, a full bathroom, and laundry room. The larger bedroom has a walk in closet, washers and dryers are owned by the tenants. The top two units share a deck, with storage units in between for added privacy. The bottom units have patios, with storage sheds in between as well. All four units are rented, with a waitlist for future renters. Renters pay all utilities.

Last Agent to Sell the Property

Rebecca DeMond

RE/MAX Preferred License #475131653 Listed on: 04/15/2023

RE/MAX Preferred

Last Buyer's Agent

Monica Schmidt

eXp Realty License #475172686

eXp Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1984

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 85x172x84x161

Parking

  • Off-Street Parking

Home Design

  • Quadruplex
  • Frame Construction

Outdoor Features

  • Deck
  • Patio

Schools

  • Waterloo Dist 5 Elementary And Middle School
  • Waterloo High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 08-19-351-003-000

Property Details

Home Type

Multi-Family

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: Multi-Family 2-4
  • Special Description: No Exemptions
  • Age: 39
  • Ownership: Private
  • Year Built: 1984
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Misc Features: Deck, Patio
  • Square Footage Unknown: Yes

Exterior Features

  • Construction: Frame

Garage/Parking

  • Parking: Off Street

Utilities

  • Sewer: Public
  • Water: Public
  • Water Heater: Gas
  • Cooling: Central-Electric
  • Heating: Forced Air

Schools

  • Elementary School: WATERLOO DIST 5
  • Junior High School: WATERLOO DIST 5
  • School District: Waterloo DIST 5
  • Senior High School: Waterloo

Lot Info

  • Lot Dimensions: 85x172x84x161
  • Lot Sq Ft: 13081
  • Acres: 0.3003

Rental Info

  • Tenancy Type: Month To Month
  • Tenant Pays: All Utilities

Multi Family

  • Gross Operating Income: 35733.00
  • Units: 4
  • Total Expenses: 4684.00
  • Type Of Units: 4-Family

Tax Info

  • Taxes Paid: 4683
  • Assessor Parcel Number: 08-19-351-003-000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2023
Closed on
Jun 9, 2023
Sold by
Schaefer Properties Llc
Bought by
M & J Schmidt Investments Llc
Seller's Agent
Rebecca DeMond
RE/MAX Preferred
Buyer's Agent
Monica Schmidt
eXp Realty
List Price
$295,900
Sold Price
$315,000
Premium/Discount to List
$19,100
6.45%
Views
16
Current Estimated Value
$386,928

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,928
Avg. Annual Appreciation
5.60%
Original Mortgage
$236,250
Outstanding Balance
$229,979
Interest Rate
6.43%
Mortgage Type
New Conventional
Estimated Equity
$133,765

Purchase Details

Closed on
Jun 27, 2017
Sold by
Kyle Schaefer and Kyle Shaundra
Bought by
Schaefer Properties Llc

Purchase Details

Closed on
Jun 23, 2017
Sold by
Kyle Schaefer and Kyle Shaundra
Bought by
Schaefer Properties Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
M & J Schmidt Investments Llc $315,000 Town & Country Title Services
Schaefer Properties Llc -- Faulbaum Otto J
Schaefer Properties Llc -- Faulbaum Otto J
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open M & J Schmidt Investments Llc $236,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/09/2023 06/09/23 Sold $315,000 +6.5% --
04/15/2023 04/15/23 Pending -- -- --
04/15/2023 04/15/23 For Sale $295,900 -- --
Source: MARIS MLS

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 $6,549 $110,637 $16,517 $94,120
2023 $5,044 $80,480 $15,290 $65,190
2022 $4,687 $73,550 $15,510 $58,040
2021 $4,683 $71,910 $13,070 $58,840
2020 $4,139 $62,010 $13,070 $48,940
2019 $4,230 $62,700 $13,070 $49,630
2018 $4,199 $60,470 $10,190 $50,280
2017 $4,128 $62,220 $10,373 $51,847
2016 $0 $61,080 $9,500 $51,580
2015 $4,198 $63,270 $11,020 $52,250
2014 $4,151 $65,000 $11,020 $53,980
2012 -- $65,000 $12,730 $52,270
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MARIS MLS

MLS Number: MIS23017340

MARIS MLS

APN: 08-19-351-003-000