Seller's Agent in 2023
JD Gieson
RE/MAX
(815) 677-1873
119 in this area
494 Total Sales
307 8th Ave Sterling, IL 61081
Estimated Value: $114,000 - $153,000
7
Beds
4
Baths
3,160
Sq Ft
$41/Sq Ft
Est. Value
About This Home
As of August 2023Income potential! This brick 4 unit just blocks from downtown Sterling offers investors with loads of cash flow and value add opportunity. This structure features three 2 bedroom and one 1 bedroom units, a full basement, and a 3 car detached garage that is also currently leased. Seller currently pays all utilities, but there are four separate electric meters and two gas meters for additional saving opportunities. Make this a part of your portfolio today!
Last Agent to Sell the Property
Re/Max of Rock Valley License #475189225 Listed on: 06/20/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,408
Year Built
- Built in 1900
Lot Details
- 7,841
Home Design
- Brick or Stone Mason
- Shingle Roof
Interior Spaces
- 3,160 Sq Ft Home
- 2-Story Property
- Basement
Kitchen
- Stove
- Range
Utilities
- Forced Air Heating System
- Heating System Uses Gas
- Heating System Uses Natural Gas
- Separate Meters
- Gas Water Heater
Community Details
- 4 Units
- 2-Story Building
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 20, 2023
Closed on
Aug 25, 2023
Sold by
Rogers Charles A
Bought by
Dixon Cider Llc
Seller's Agent
JD Gieson
Re/Max of Rock Valley
Buyer's Agent
NON-NWIAR Member
NorthWest Illinois Alliance of REALTORS®
List Price
$94,900
Sold Price
$88,500
Premium/Discount to List
-$6,400
-6.74%
Views
96
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,500
Avg. Annual Appreciation
17.70%
Original Mortgage
$563,200
Outstanding Balance
$352,560
Interest Rate
7.13%
Mortgage Type
New Conventional
Estimated Equity
-$222,560
Purchase Details
Closed on
Sep 4, 2015
Sold by
Chuckwagon Inn Corporation
Bought by
Rogers Charles A
Purchase Details
Closed on
Mar 7, 2010
Sold by
Rogers Charles A and Rogers Arlene E
Bought by
Chuckwagon Inn Corporation
Purchase Details
Closed on
Dec 28, 2006
Sold by
Eakle Norman C and Eakle Sue L
Bought by
Rogers Charles A and Rogers Arlene E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,500
Interest Rate
6.27%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 5, 2006
Sold by
Eakle Norman C and Eakle Sue L
Bought by
Eakle Sue L and Sue L Eakle Trust
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Dixon Cider Llc | $88,500 | None Listed On Document | |
| Rogers Charles A | -- | Attorney | |
| Chuckwagon Inn Corporation | -- | None Available | |
| Rogers Charles A | $86,000 | None Available | |
| Eakle Sue L | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Dixon Cider Llc | $563,200 | |
| Previous Owner | Rogers Charles A | $108,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/28/2023 08/28/23 | Sold | $88,500 | -6.7% | $28 / Sq Ft |
| 06/29/2023 06/29/23 | Pending | -- | -- | -- |
| 06/20/2023 06/20/23 | For Sale | $94,900 | -- | $30 / Sq Ft |
Source: NorthWest Illinois Alliance of REALTORS®
Tax History Compared to Growth
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 | $3,704 | $35,524 | $6,964 | $28,560 |
| 2023 | $3,496 | $33,346 | $6,537 | $26,809 |
| 2022 | $3,409 | $31,904 | $6,254 | $25,650 |
| 2021 | $3,290 | $30,087 | $5,898 | $24,189 |
| 2020 | $3,198 | $29,033 | $5,691 | $23,342 |
| 2019 | $3,178 | $28,506 | $5,588 | $22,918 |
| 2018 | $3,144 | $28,552 | $5,597 | $22,955 |
| 2017 | $3,150 | $28,357 | $5,559 | $22,798 |
| 2016 | $3,070 | $27,443 | $5,380 | $22,063 |
| 2015 | $2,936 | $28,196 | $5,528 | $22,668 |
| 2014 | $2,929 | $27,570 | $5,405 | $22,165 |
| 2013 | $2,936 | $28,196 | $5,528 | $22,668 |
Source: Public Records
Agents Affiliated with this Home
-
JD Gieson
-
NON-NWIAR Member
N
Buyer's Agent in 2023
NON-NWIAR Member
NorthWest Illinois Alliance of REALTORS®
Map
Source: NorthWest Illinois Alliance of REALTORS®
MLS Number: 202303371
APN: 1122313010
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