NOT LISTED FOR SALE

2622 W Willowlake Dr Unit 321 Peoria, IL 61614

North Peoria Neighborhood

Estimated Value: $67,000 - $87,000

7 Beds
4 Baths
6,661 Sq Ft
$11/Sq Ft Est. Value

Last Sold January 31, 2022

Last sale price $500,000 $75 Per Sq Ft

Current estimated payment $485/month

5 Days on Market

About This Home

As of January 2022

AGENTS: NO SHOWINGS WILL BE CONFIRMED OR FINANCIALS SHARED UNTIL BUYER PROOF OF FUNDS OR PREAPPROVAL LETTER FROM A LOCAL LENDER IS EMAILED TO LISTING AGENT. MONTHLY HOA FEE FOR EACH UNIT IS IN ASSOCIATED DOCS. INVESTOR OPPORTUNITY IN DUNLAP SCHOOL DISTRICT IN NORTH PEORIA! SOLD ONLY AS A 9 UNIT PACKAGE DEAL. (6 UNITS ARE 1 BED & 1 BATH, 3 UNITS ARE 2 BED, 1 BATH). NO VACANCIES & ALL RENTS ARE CURRENT. 6 OF 9 UNITS HAVE BEEN UPDATED, 3 HAVE LONG TERM TENANTS. EACH UNIT HAS FULLY APPLIANCED KITCHEN, PRIVATE DECK & ASSIGNED CARPORT. EXTRA PARKING FOR GUESTS. THE 9 UNITS ARE WITHIN EACH OF THE 5 BUILDINGS OF THE COMPLEX ALONG W/LAUNDRY FACILITIES IN EACH OF THE BUILDINGS. LOW MONTHLY HOA CONDO FEE COVERS: CONDO UMBRELLA INSURANCE FEE, LAWN/LANDSCAPE, GROUND MAINTENANCE, EXTERIOR & INTERIOR COMMON SPACE MAINTENANCE, GARBAGE & SNOW REMOVAL. LAKE PRIVILEDGES ~ FISHING ALLOWED. ALL UNITS ARE TENANT OCCUPIED ~ TENANTS HAVE THEIR OWN INDIVIDUAL RENTERS INSURANCE FOR THEIR PRIVATE PROPERTY.

Last Agent to Sell the Property

Tamara Krupps

RE/MAX Traders Unlimited License #475141640 Listed on: 12/13/2021

RE/MAX Traders Unlimited

Last Buyer's Agent

Scott Rodgers

RE/MAX Traders Unlimited License #475148656

RE/MAX Traders Unlimited

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,223

Year Built

  • Built in 1978

Lot Details

  • 4,356

Home Design

  • Slab Foundation

Schools

  • Dunlap High School

Additional Features

  • 1-Story Property
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for gas & electric

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,223

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: 1 Story
  • Lvt Date: 12/13/2021
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Cable Tv Available
  • Number Dryers: 1
  • Number of Ranges: 9
  • Number Refrigerators: 9
  • Number Washers: 1
  • Basement: Slab
  • Price Per Sq Ft: 75.06
  • Total Sq Ft: 6661

Exterior Features

  • Exterior: Wood Siding
  • Road Access: Curbs & Gutters, Paved
  • Roofing: Shingles
  • Exterior Amentities: Rec Area
  • Development Name: WILLOW WAY CONDOS

Garage/Parking

  • Garage Parking: Assigned, Carport, Guest Parking
  • Number Parking Spaces: 18

Utilities

  • Heating Cooling: Baseboard, Electric, Forced Air, Central Air, Geo Thermal
  • Water Sewer: Public Sewer, Public Water
  • Electric Expense: 18
  • Laundry Facilities: Common

Schools

  • High School: Dunlap
  • High School: Dunlap

Lot Info

  • Lot Description: Level, Wooded
  • Zoning: RESIDENTIAL
  • Subdivision: Willow Way
  • Geo Subdivision: IL

Rental Info

  • Tenant Pays: Gas & Electric
  • Gross Annual Rent Income: 80028
  • Lease Information: Various Terms

Tax Info

  • Annual Taxes: 9223
  • Parcel Id Number Tax Id: 14-07-330-029
  • Tax Year: 2020

Multi Family

  • Total Number Units: 9
  • Gross Annual Income: 80028
  • Total Number Central Air Units: 9
  • Total Number Electric Meters: 9
  • Total Number Gas Meters: 9
  • Total Number Heating Units: 9
  • Total Number Water Heaters: 9
  • Total Number Water Meters: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 13, 2021
Closed on
Feb 8, 2022
Sold by
Esm Enterprises Llc
Bought by
Lake Five Holdings Llc Series Willowlake
Seller's Agent
Tamara Krupps
RE/MAX Traders Unlimited
Buyer's Agent
Scott Rodgers
RE/MAX Traders Unlimited
List Price
$469,900
Sold Price
$500,000
Premium/Discount to List
$30,100
6.41%
Current Estimated Value
$75,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$424,667
Avg. Annual Appreciation
-39.71%
Original Mortgage
$400,000
Outstanding Balance
$370,978
Interest Rate
3.45%
Mortgage Type
New Conventional
Estimated Equity
-$295,645

Purchase Details

Listed on
Dec 13, 2021
Closed on
Jan 30, 2022
Sold by
Esm Enterprises Llc
Bought by
Lake Five Holdings Llc Series Willowlake
Seller's Agent
Tamara Krupps
RE/MAX Traders Unlimited
Buyer's Agent
Scott Rodgers
RE/MAX Traders Unlimited
List Price
$469,900
Sold Price
$500,000
Premium/Discount to List
$30,100
6.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Outstanding Balance
$370,978
Interest Rate
3.45%
Mortgage Type
New Conventional
Estimated Equity
-$295,645

Purchase Details

Closed on
Jan 20, 2021
Sold by
Fahed El Chami and Fahed Souzan
Bought by
Esm Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 24, 2020
Sold by
One Five Ventures Llc
Bought by
El Chami Fahed and El Chami Souzan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 20, 2020
Sold by
One Five Ventures Llc
Bought by
El Chami Fahed and El Chami Souzan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 20, 2018
Sold by
Nofsinger Properties Llc
Bought by
One Five Ventures Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 21, 1999
Bought by
John W Nofsinger Trust #980901
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
Lake Five Holdings Llc Series Willowlake $500,000 None Listed On Document
Lake Five Holdings Llc Series Willowlake $500,000 None Listed On Document
Esm Enterprises Llc -- Cusack Gilfillan Oday Llc
El Chami Fahed $380,000 Cusack Gilfillan & Oday Llc
El Chami Fahed $380,000 Cusack Gilfillan & Oday Llc
One Five Ventures Llc $360,000 Attorney Only
One Five Ventures Llc $360,000 Cusack Gilfillan Oday Llc
John W Nofsinger Trust #980901 $16,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lake Five Holdings Llc Series Willowlake $400,000
Closed Lake Five Holdings Llc Series Willowlake $400,000
Previous Owner El Chami Fahed $304,000
Previous Owner El Chami Fahed $304,000
Previous Owner One Five Ventures Llc $288,000
Closed One Five Ventures Llc $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/31/2022 01/31/22 Sold $500,000 +6.4% $75 / Sq Ft
12/18/2021 12/18/21 Pending -- -- --
12/13/2021 12/13/21 For Sale $469,900 +788.3% $71 / Sq Ft
03/05/2019 03/05/19 Sold -- -- -- View Prior Sale
01/30/2019 01/30/19 For Sale $52,900 -- $83 / Sq Ft
Source: RMLS Alliance

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 $1,075 $12,590 $1,380 $11,210
2023 $994 $11,550 $1,270 $10,280
2022 $797 $9,190 $1,120 $8,070
2021 $768 $8,760 $1,070 $7,690
2020 $767 $8,670 $1,060 $7,610
2019 $784 $8,850 $1,080 $7,770
2018 $774 $8,800 $1,090 $7,710
2017 $1,121 $12,670 $1,150 $11,520
2016 $1,103 $12,670 $1,150 $11,520
2015 $1,008 $12,420 $1,130 $11,290
2014 $1,018 $11,800 $1,080 $10,720
2013 -- $11,940 $1,090 $10,850
Source: Public Records

Agents Affiliated with this Home

  • Tamara Krupps

    Seller's Agent in 2022

    Tamara Krupps

    RE/MAX

    (309) 370-1158

    31 in this area

    118 Total Sales

    Tamara Krupps
    Section Image
  • Scott Rodgers

    Buyer's Agent in 2022

    Scott Rodgers

    RE/MAX

    (309) 678-0060

    129 in this area

    518 Total Sales

    Scott Rodgers
    Section Image
  • Mark Wagner

    Seller's Agent in 2019

    Mark Wagner

    Professional Leasing & Real Es

    (309) 645-4001

    71 in this area

    417 Total Sales

    Mark Wagner
    Section Image
See All Agents

Map

Source: RMLS Alliance

MLS Number: PA1230818

RMLS Alliance

APN: 14-07-330-029

Illinois Peoria County Peoria 61614 North Peoria

2622 W Willowlake Dr Unit 321, Peoria, IL

This home is located at 2622 W Willowlake Dr Unit 321, Peoria, IL 61614 since 13 December 2021 and is currently estimated at $75,333, approximately $11 per square foot. This property was built in 1978. 2622 W Willowlake Dr Unit 321 is a home located in Peoria County with nearby schools including Ridgeview Elementary School, Dunlap Valley Middle School, and Dunlap High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

RMLS Alliance IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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