NOT LISTED FOR SALE

305 W Wood St Hillsboro, IL 62049

Estimated Value: $107,814

-- Bed
-- Bath
2,664 Sq Ft
$40/Sq Ft Est. Value

Last Sold September 28, 2016

Last sale price $63,000 $24 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $718/month

Highlights

  • Deck
  • Patio
  • 4-minute walk to Hillsboro Square
  • Balcony

About This Home

As of September 2016

Great investment property! 4 unit apartment building, 100% occupied and brings in $16,500 in gross income. All units are separately metered, tenants pay all utilities. Landlord currently pays for dumpster rental at $40 per month. West basement wall was re blocked, basement was tuck pointed and insulated in 2015. Upstairs apartment has both an exterior and interior entrance. Broker owned.

Last Agent to Sell the Property

Brandi Lentz

MCR Realty Professionals, Inc License #471003219 Listed on: 09/01/2016

Last Buyer's Agent

Kim Noyes

MCR Realty Professionals, Inc License #475102610

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,623

Year Built

  • 1908

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 87x131.5

Parking

  • Unassigned Parking

Outdoor Features

  • Balcony
  • Deck
  • Patio

Utilities

  • Electric Water Heater

Additional Features

  • Basement

Listing and Financial Details

  • Tenant pays for all utilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,623

Year Built

1908

Lot Details

0

Listing Details

  • Cross Street: Hamilton St.
  • Special Description: No Exemptions
  • Age: 106
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1908

Interior Features

  • Misc Features: Balcony, Basement, Deck, Patio

Exterior Features

  • Exterior Features: Vinyl Siding

Garage/Parking

  • Parking: Unassigned

Utilities

  • Cooling: Individual Units
  • Heating: Baseboard
  • Sewer: Public
  • Water: Public
  • Water Heater: Electric

Schools

  • School District: HILLSBORO DIST 3
  • Elementary School: HILLSBORO DIST 3
  • Middle School: HILLSBORO DIST 3
  • High School: Hillsboro Community High Schoo

Lot Info

  • Lot Dimensions: 87X131.5
  • Lot Number: 5&6
  • Lot Sq Ft: 11326

Rental Info

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

Multi Family

  • Gross Operating Income: 16500.00
  • Units: 4
  • Total Expenses: 2888.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2016
Closed on
Sep 28, 2016
Sold by
Lentz Matthew P and Lentz Brandi M
Bought by
Benning Declaration Trust
Seller's Agent
Brandi Lentz
MCR Realty Professionals, Inc
Buyer's Agent
Kim Noyes
MCR Realty Professionals, Inc
List Price
$78,000
Sold Price
$63,000
Premium/Discount to List
-$15,000
-19.23%
Current Estimated Value
$107,814

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,814
Avg. Annual Appreciation
5.94%
Original Mortgage
$50,475
Outstanding Balance
$40,644
Interest Rate
3.43%
Mortgage Type
Commercial
Estimated Equity
$64,923

Purchase Details

Listed on
Feb 26, 2014
Closed on
Mar 13, 2014
Sold by
Short Jeff
Bought by
Lentz Matthew P and Lentz Brandi M
Seller's Agent
Lori Weiss
MCR Realty Professionals, Inc
Buyer's Agent
Brandi Lentz
MCR Realty Professionals, Inc
List Price
$60,000
Sold Price
$52,000
Premium/Discount to List
-$8,000
-13.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.82%
Original Mortgage
$62,000
Interest Rate
3.25%

Purchase Details

Closed on
Oct 23, 2006
Sold by
T S White Inc
Bought by
Smith Chad and Short Jeff

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,400
Interest Rate
7.75%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

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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
Benning Declaration Trust $63,000 --
Lentz Matthew P $52,000 --
Smith Chad $18,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Benning Declaration Trust $50,475
Previous Owner Lentz Matthew P $62,000
Previous Owner Smith Chad $30,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2016 09/28/16 Sold $63,000 -19.2% $24 / Sq Ft
09/02/2016 09/02/16 Pending -- -- --
09/01/2016 09/01/16 For Sale $78,000 +50.0% $29 / Sq Ft
03/14/2014 03/14/14 Sold $52,000 -13.3% $20 / Sq Ft
03/14/2014 03/14/14 For Sale $60,000 -- $23 / Sq Ft
03/04/2014 03/04/14 Pending -- -- --
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 $1,623 $19,480 $5,550 $13,930
2023 $1,564 $17,890 $5,100 $12,790
2022 $1,482 $16,740 $4,770 $11,970
2021 $1,418 $15,350 $4,380 $10,970
2020 $1,395 $15,010 $4,280 $10,730
2019 $1,348 $14,050 $4,010 $10,040
2018 $1,272 $12,850 $3,670 $9,180
2017 $1,369 $13,370 $3,820 $9,550
2016 $1,376 $13,900 $3,970 $9,930
2015 $1,705 $14,463 $4,130 $10,333
2013 -- $14,330 $4,050 $10,280
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MARIS MLS

MLS Number: MIS16062347

MARIS MLS

APN: 16-02-480-009