NOT LISTED FOR SALE

311 7th Ave Sterling, IL 61081

Estimated Value: $75,310 - $117,000

5 Beds
3 Baths
-- Sq Ft
6,752 Sq Ft Lot

Last Sold July 15, 2016

Last sale price $48,000

Est. 105% increase in value since last sale

Current estimated payment $714/month

42 Days on Market

About This Home

As of July 2016

Well-maintained 3-unit building. Newer windows, roof and furnace (2009) All units freshly painted. Excellent rental history. Owner pays heat, water, sewer and garbage. Exterior painted and new water heater in 2008. All units currently rented with one year lease. Seller will consider all offers. Off site parking

Last Agent to Sell the Property

Judy Powell

Judy Powell Realty License #471010072 Listed on: 03/18/2016

Last Buyer's Agent

Karla Boyungs

United Country Sauk Valley Realty License #475165212

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,899

Year Built

  • Built in 1890

Lot Details

  • 6,752

Parking

  • Parking Included in Price

Home Design

  • Asphalt Roof
  • Masonite

Interior Spaces

  • 2-Story Property
  • Unfinished Basement
  • Partial Basement

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 3 Bathrooms

Additional Features

  • Lot Dimensions are 50x135
  • Heating System Uses Natural Gas

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,899

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1890
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial
  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • List Price: 59900
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Masonite

Garage/Parking

  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Schools

  • Middle/Junior School District: 5

Lot Info

  • Lot Dimensions: 50X135
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 19
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 1898.68
  • Tax Year: 2015
  • Tax Exemptions: None

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Story Unit/s

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2016
Closed on
Jul 1, 2016
Sold by
Yore William R and Yore Karyl H
Bought by
Mcshane John M
Seller's Agent
Judy Powell
Judy Powell Realty
Buyer's Agent
Karla Boyungs
United Country Sauk Valley Realty
List Price
$59,900
Sold Price
$48,000
Premium/Discount to List
-$11,900
-19.87%
Current Estimated Value
$98,328

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,328
Avg. Annual Appreciation
7.72%
Original Mortgage
$36,000
Outstanding Balance
$28,856
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$66,127

Purchase Details

Closed on
Oct 9, 2014
Sold by
Martinez Paz
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Feb 25, 2005
Sold by
Jacobs Lois J and Keefer Lois J
Bought by
Yore William R and Yore Karyl H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,000
Interest Rate
5.8%
Mortgage Type
New Conventional
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
Mcshane John M $48,000 Nti
Federal National Mortgage Association -- Premier Title
Yore William R $51,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcshane John M $36,000
Previous Owner Yore William R $38,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2016 07/15/16 Sold $48,000 -19.9% --
04/29/2016 04/29/16 Pending -- -- --
03/18/2016 03/18/16 For Sale $59,900 -- --
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 $2,289 $21,957 $5,686 $16,271
2023 $2,161 $20,611 $5,337 $15,274
2022 $2,107 $19,719 $5,106 $14,613
2021 $2,033 $18,596 $4,815 $13,781
2020 $1,977 $17,944 $4,646 $13,298
2019 $1,964 $17,618 $4,562 $13,056
2018 $1,943 $17,646 $4,569 $13,077
2017 $1,947 $17,525 $4,538 $12,987
2016 $1,897 $16,960 $4,392 $12,568
2015 $1,814 $17,426 $4,513 $12,913
2014 $1,810 $17,039 $4,413 $12,626
2013 $1,814 $17,426 $4,513 $12,913
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09169909

Midwest Real Estate Data (MRED)

APN: 1122312007