NOT LISTED FOR SALE

2550 Melody Ln Rockford, IL 61114

Estimated Value: $209,000 - $245,000

3 Beds
2.5 Baths
1,338 Sq Ft
$166/Sq Ft Est. Value

Last Sold June 28, 2019

Last sale price $115,000 $86 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $1,624/month

25 Days on Market

Highlights

  • Recreation Room
  • Sun or Florida Room
  • Double Oven
  • Wood Flooring
  • Formal Dining Room
  • Fenced Yard

About This Home

As of June 2019

Beautiful brick front ranch with a full length covered front porch. Nice open 3 bedroom, 3 bath, 2 car home. All original hardwood floors and solid oak cabinets. Large eat-in kitchen plus a spacious dining room. 2 large bay windows and a large 3 season room addition! Nice deck, shed and big fenced in backyard. Big bonus rooms and storage in partially finished basement with big built in wetbar. Walking distance to Guilford H.S . Washer & Dryer plus 2 Fridges stay.

Last Agent to Sell the Property

Mark Rubley

Maurer Real Estate Group Listed on: 04/18/2019

Last Buyer's Agent

Megan martin

Elm Street REALTORS License #471022053

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,222

Year Built

  • Built in 1959

Lot Details

  • 0.25 Acre Lot
  • Fenced Yard

Parking

  • 2.5 Car Attached Garage
  • Parking Included in Price

Interior Spaces

  • 1,338 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Family Room
  • Living Room
  • Formal Dining Room
  • Recreation Room
  • Bonus Room
  • Sun or Florida Room
  • Wood Flooring

Kitchen

  • Double Oven
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom

Schools

  • Spring Creek Elementary School
  • Eisenhower Middle School
  • Guilford High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Water Softener is Owned

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,222

Year Built

Built in 1959

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Year Built: 1959
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Double Oven, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Water Softener Owned
  • Basement: Full
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 3
  • Below Grade Finished Sq Ft: 995
  • Interior Amenities: Bar-Wet, Hardwood Floors, First Floor Bedroom
  • LivingArea: 1338
  • Room Type: Bonus Room, Recreation Room, Sun Room
  • Estimated Total Finished Sq Ft: 2333
  • Assessed Sq Ft: 0
  • Basement Description: Partially Finished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 1338
  • Basement Sq Ft: 995
  • Total Sq Ft: 2333
  • Main Level Sq Ft: 1338
  • Flooring: Hardwood
  • ResoLivingAreaSource: Assessor

Exterior Features

  • List Price: 125000
  • Lot Features: Fenced Yard
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Brick

Garage/Parking

  • Garage Spaces: 2.5
  • Number of Cars: 2.5
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee: No

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Spring Creek Elementary School
  • High School: Guilford High School
  • Middle/Junior School: Eisenhower Middle School
  • Middle/Junior School District: 205

Lot Info

  • Lot Size Acres: 0.2519
  • Lot Dimensions: F 75 E 75 S 136.50 S 136.50
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 24
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 4222.12
  • Tax Year: 2017
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2019
Closed on
Jun 28, 2019
Sold by
Shawn Schult and Shawn Eliza
Bought by
Karmgard Thomas E and Karmgard Jenna M
Seller's Agent
Mark Rubley
Maurer Real Estate Group
Buyer's Agent
Megan martin
Elm Street REALTORS
List Price
$130,000
Sold Price
$115,000
Premium/Discount to List
-$15,000
-11.54%
Current Estimated Value
$221,620

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,620
Avg. Annual Appreciation
9.75%
Original Mortgage
$112,917
Outstanding Balance
$101,569
Interest Rate
4.25%
Mortgage Type
FHA
Estimated Equity
$102,014

Purchase Details

Closed on
Oct 31, 2013
Bought by
Schult Shawn and Schult Eliza
Source: Public Records

Range of Values:

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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
Karmgard Thomas E $115,000 Ciura Bruce
Schult Shawn $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Karmgard Thomas E $8,555
Closed Karmgard Thomas E $6,586
Open Karmgard Thomas E $112,917
Previous Owner Schult Eliza $75,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2019 09/27/19 Off Market $115,000 -- --
06/28/2019 06/28/19 Sold $115,000 -8.0% $86 / Sq Ft
05/11/2019 05/11/19 Pending -- -- --
05/03/2019 05/03/19 Price Changed $125,000 -3.8% $93 / Sq Ft
04/16/2019 04/16/19 For Sale $130,000 -- $97 / 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 $4,992 $58,674 $8,516 $50,158
2023 $4,749 $51,736 $7,509 $44,227
2022 $4,598 $46,243 $6,712 $39,531
2021 $4,461 $42,401 $6,154 $36,247
2020 $4,383 $40,084 $5,818 $34,266
2019 $4,314 $38,204 $5,545 $32,659
2018 $4,727 $36,006 $5,227 $30,779
2017 $4,222 $34,458 $5,002 $29,456
2016 $4,201 $33,812 $4,908 $28,904
2015 $5,172 $33,812 $4,908 $28,904
2014 $4,577 $36,418 $6,134 $30,284
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10347931

Midwest Real Estate Data (MRED)

APN: 12-09-377-016