NOT LISTED FOR SALE

305 Vaughey St Seneca, IL 61360

Estimated Value: $266,192

7 Beds
4 Baths
-- Sq Ft
9,801 Sq Ft Lot

Last Sold August 16, 2019

Last sale price $195,000

Est. 37% increase in value since last sale

Current estimated payment $1,711/month

3 Days on Market

About This Home

As of August 2019

The building presents a rare opportunity to purchase a free-standing apartment building within Seneca. Total of 4 units, 2 units on main level and 2 units on the second level. 3 units are two-bedroom 1 bath units, roughly 600 SF each the 4th unit is 1 bedroom 1 bath. All units are rented at this time month. The current ownership has owned and maintained the property since 2006. Parking is available in the front of the building or off the back-alley way. There is also laundry available on-site, washer and dryer are owned by a current tenant. Seneca High School. Very easy access to I-80.

Last Agent to Sell the Property

David Welter

RE/MAX Top Properties License #475183240 Listed on: 06/29/2019

RE/MAX Top Properties

Last Buyer's Agent

Shawn Brown

TCG Realty License #475168629

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,098

Year Built

  • Built in 1975 | Remodeled in 2006

Lot Details

  • 9,801

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 6 Parking Spaces
  • Uncovered Parking
  • Off-Street Parking
  • Off Alley Parking
  • Parking Space is Owned
  • Unassigned Parking

Additional Features

  • Crawl Space
  • Heating Available

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,098

Year Built

Built in 1975 | Remodeled in 2006

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1975
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2006
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2006

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 7
  • Basement Description: Crawl
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Brick

Garage/Parking

  • Parking Features: Unassigned, Off Alley, Off Street
  • ParkingTotal: 6
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Electric
  • Water Source: Public

Lot Info

  • Lot Dimensions: 9821 SQ FT
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 17
  • TenantPays: Electric,Heat,Water

Tax Info

  • Tax Annual Amount: 4098
  • Tax Year: 2017
  • Tax Exemptions: None

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat,1 Story Unit/s

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 27, 2006
Sold by
Terry Justin
Bought by
Dean Kevin S and Dean Donna J
Current Estimated Value
$266,192

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,700
Outstanding Balance
$58,979
Interest Rate
6.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 27, 2005
Sold by
Peterson Thomas N and Peterson Neil
Bought by
Terry Justin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
6.05%
Mortgage Type
Adjustable Rate Mortgage/ARM
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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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
Dean Kevin S $189,900 None Available
Terry Justin $175,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dean Kevin S $193,700
Previous Owner Terry Justin $157,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/16/2019 08/16/19 Sold $195,000 -2.5% --
07/02/2019 07/02/19 Pending -- -- --
06/29/2019 06/29/19 For Sale $200,000 -- --
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 $3,847 $57,604 $6,089 $51,515
2023 $3,884 $57,604 $6,089 $51,515
2022 $4,107 $57,604 $6,089 $51,515
2021 $4,131 $57,604 $6,089 $51,515
2020 $4,070 $57,604 $6,089 $51,515
2019 $4,114 $58,051 $6,136 $51,915
2018 $4,118 $57,860 $6,116 $51,744
2017 $4,098 $57,860 $6,116 $51,744
2016 $4,145 $58,156 $6,147 $52,009
2015 $2,053 $58,156 $6,147 $52,009
2012 -- $65,495 $6,923 $58,572
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10434925

Midwest Real Estate Data (MRED)

APN: 24-24-303035