NOT LISTED FOR SALE

2851 Ridge Rd Lansing, IL 60438

Estimated Value: $122,000 - $260,000

3 Beds
2 Baths
1,350 Sq Ft
$139/Sq Ft Est. Value

Last Sold September 08, 2020

Last sale price $87,000 $64 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $1,442/month

137 Days on Market

About This Home

As of September 2020

Fully rented two-unit located in the heart of Lansing! The main floor unit includes an open concept kitchen, dining and living room, fully bathroom and a large master bedroom. Upstairs has it's own entrance and features an eat-in kitchen, spacious living room, full bathroom and 2 bedrooms. Large driveway for plenty of parking plus alley access. Fully rented with active leases.

Last Agent to Sell the Property

Heather Bult

@properties Christie's International Real Estate License #475161482 Listed on: 03/13/2020

@properties Christie's International Real Estate

Co-Listed By

Caleb Lyzenga

eXp Realty, LLC License #475188604

Last Buyer's Agent

Tatianna Barnett

@properties Christie's International Real Estate License #475165727

@properties Christie's International Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 51 x 150

Home Design

  • Asphalt Roof
  • Vinyl Siding

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Bathrooms

Parking

  • 4 Parking Spaces
  • Uncovered Parking
  • Parking Included in Price

Utilities

  • Radiant Heating System
  • Lake Michigan Water

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1927
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • List Price: 99900
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • ParkingTotal: 4
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Radiant
  • Water Source: Lake Michigan

Schools

  • Middle/Junior School District: 158

Lot Info

  • Lot Size Acres: 0.17
  • Lot Dimensions: 51 X 150
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 5486.6
  • Tax Year: 2018

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2020
Closed on
Aug 22, 2020
Sold by
Vandrunen Russell L and Vandrunen Van Drunen
Bought by
Seymour Gregg D
Seller's Agent
Heather Bult
@properties Christie's International Real Estate
Buyer's Agent
Tatianna Barnett
@properties Christie's International Real Estate
List Price
$99,900
Sold Price
$87,000
Premium/Discount to List
-$12,900
-12.91%
Total Days on Market
137
Current Estimated Value
$187,313

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,313
Avg. Annual Appreciation
15.75%
Original Mortgage
$65,250
Interest Rate
4.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 21, 2010
Sold by
Vandrunen Russell L and Vandrunen Van Drunen
Bought by
Vandrunen Russell L and Vandrunen Van Drunen

Purchase Details

Closed on
Oct 29, 2009
Sold by
Val Krygheld Jack and Val Krygheld
Bought by
Vandrunen Russell L and Vandrunen Van Drunen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,100
Interest Rate
4.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 23, 2000
Sold by
South Holland Trust & Svgs Bank
Bought by
Krygsheld Jack and Krygsheld Val
Source: Public Records

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Range of Values:

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Average Value
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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
Seymour Gregg D $87,000 Old Republic Title
Vandrunen Russell L -- None Available
Vandrunen Russell L -- Law Title Insurance
Krygsheld Jack $76,000 Professional National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Seymour Gregg D $129,500
Previous Owner Seymour Gregg D $65,250
Previous Owner Vandrunen Russell L $86,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2020 09/08/20 Sold $87,000 -12.9% $64 / Sq Ft
07/28/2020 07/28/20 Pending -- -- --
04/14/2020 04/14/20 For Sale $99,900 0.0% $74 / Sq Ft
03/31/2020 03/31/20 Pending -- -- --
03/13/2020 03/13/20 For Sale $99,900 -- $74 / 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 $5,362 $12,001 $3,188 $8,813
2023 $5,362 $12,001 $3,188 $8,813
2022 $5,362 $8,251 $2,813 $5,438
2021 $5,215 $8,250 $2,812 $5,438
2020 $4,840 $8,250 $2,812 $5,438
2019 $5,590 $9,819 $2,625 $7,194
2018 $5,487 $9,819 $2,625 $7,194
2017 $5,540 $9,819 $2,625 $7,194
2016 $4,922 $9,002 $2,437 $6,565
2015 $4,574 $9,002 $2,437 $6,565
2014 $4,510 $9,002 $2,437 $6,565
2013 $4,789 $10,635 $2,437 $8,198
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10666919

Midwest Real Estate Data (MRED)

APN: 30-31-401-004-0000