Patty Martinez
Patty Martinez Managing Broker
(815) 800-0848
36 Total Sales
9 in Sterling
$40K - $180K Price Range
307 8th Ave Sterling, IL 61081
Sterling AreaEstimated Value: $106,000 - $123,000
7
Beds
4
Baths
3,160
Sq Ft
$37/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
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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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 20, 2023
Closed on
Aug 25, 2023
Sold by
Bought by
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
85
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
$28,167
Avg. Annual Appreciation
9.68%
Original Mortgage
$563,200
Outstanding Balance
$268,762
Interest Rate
7.13%
Mortgage Type
New Conventional
Estimated Equity
-$152,095
Purchase Details
Closed on
Sep 4, 2015
Sold by
Bought by
Purchase Details
Closed on
Mar 7, 2010
Sold by
Bought by
Purchase Details
Closed on
Dec 28, 2006
Sold by
Bought by
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
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Sterling, IL
-
Patty Martinez
-
Tracey DeCrane
Tracey DeCrane
RE/MAX Town Lake & Country
(815) 706-3940
101 Total Sales
7 in Sterling
$35K - $155K Price Range
-
Cynthia Adcock
Cynthia Adcock
Crawford Realty, LLC
(815) 456-8712
349 Total Sales
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$41K - $260K Price Range
-
Mary Bruno
Mary Bruno
Keller Williams Inspire - Geneva
(331) 244-1967
139 Total Sales
1 in Sterling
$186,000 Price
-
Tracy Shuman
Tracy Shuman
Re/Max Professional Advantage
(815) 393-2816
152 Total Sales
4 in Sterling
$35K - $122K Price Range
-
JD Gieson
JD Gieson
Responds QuicklyRE/MAX of Rock Valley
(815) 456-8596
490 Total Sales
151 in Sterling
$14K - $590K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $88,500 | None Listed On Document | ||
| -- | Attorney | ||
| -- | None Available | ||
| $86,000 | None Available | ||
| -- | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $563,200 | ||
| Previous Owner | $108,500 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $3,833 | $37,737 | $7,398 | $30,339 |
| 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
Seller's Agent in 2023
JD Gieson
RE/MAX
(815) 677-1873
490 Total Sales
-
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
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.
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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