NOT LISTED FOR SALE

316 W Mill St Waterloo, IL 62298

Estimated Value: $361,000 - $431,591

7 Beds
-- Bath
-- Sq Ft
0.28 Acres

Last Sold February 28, 2023

Last sale price $385,000

Est. 6% increase in value since last sale

Current estimated payment $2,787/month

32 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Rogers Elementary School Rated A-
  • Coin Laundry

About This Home

As of February 2023

Rare Investment Opportunity! This well maintained 6-unit building located in the heart of Waterloo has been easy to keep occupied! Building offers a mix of efficiency to 2-bedroom apartment types. Tenants reimburse owner for water and sewer and this has been included in the gross income estimates. Interior pictures are of apartment 2 which is currently vacant. Coin operated washers and dryers in basement for additional income potential. They are currently inoperable, but Manager is seeking solution to bring back online. Information contained herein is from sources believed reliable. However, Buyer and buyer's agent to verify all MLS information.

Last Agent to Sell the Property

Scott Miller

SGM Realty, LLC License #471021653 Listed on: 01/22/2023

Last Buyer's Agent

Jena Gibbs

eXp Realty License #475201426

eXp Realty

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $7,522

Year Built

  • Built in 1885

Lot Details

  • 0.28 Acre Lot

Parking

  • On-Street Parking
  • Parking Lot

Schools

  • Waterloo Dist 5 Elementary And Middle School
  • Waterloo High School

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • 6 Units
  • Coin Laundry

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 07-25-249-010-000

Property Details

Home Type

Apartment

Est. Annual Taxes

$7,522

Year Built

Built in 1885

Lot Details

0

Listing Details

  • Sale Includes: Building & Land
  • Property Type: Multi-Family 5+
  • Type: Apt Bldg/Interior En
  • Special Description: No Exemptions
  • Age: 138
  • Year Built: 1885
  • Directions: IL-3 to Illinois Ave to N Moore to W Mill
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Laundry: Coin Operated, Common Laundry
  • Square Footage Unknown: Yes

Garage/Parking

  • Parking: On Street Parking, Parking Lot

Utilities

  • Sewer: Public
  • Water: Public
  • Water Heater: Gas
  • Cooling: Wall Unit(s), Central-Electric
  • Heating: Forced Air

Schools

  • School District: Waterloo DIST 5
  • Elementary School: WATERLOO DIST 5
  • Middle School: WATERLOO DIST 5
  • High School: Waterloo
  • Elementary School: WATERLOO DIST 5
  • Junior High School: WATERLOO DIST 5
  • School District: Waterloo DIST 5
  • Senior High School: Waterloo

Lot Info

  • Lot Dimensions: irr 65x150x90
  • Lot Sq Ft: 12406
  • Acres: 0.2848

Rental Info

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

Multi Family

  • Building Number: 1
  • Gross Operating Income: 52140.00
  • Total Units: 6
  • Total Expenses: 20794.00

Tax Info

  • Taxes Paid: 5060
  • Assessor Parcel Number: 07-25-249-010-000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 22, 2023
Closed on
Feb 28, 2023
Sold by
Fireball 1960 Llc 3
Bought by
Bng Homes Llc
Seller's Agent
Scott Miller
SGM Realty, LLC
Buyer's Agent
Jena Gibbs
eXp Realty
List Price
$399,000
Sold Price
$385,000
Premium/Discount to List
-$14,000
-3.51%
Views
24
Current Estimated Value
$407,398

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,398
Avg. Annual Appreciation
2.21%
Original Mortgage
$376,876
Interest Rate
6.15%
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
Bng Homes Llc $385,000 Accent Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Bng Homes Llc $376,876
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2023 02/28/23 Sold $385,000 -3.5% --
02/24/2023 02/24/23 Pending -- -- --
01/22/2023 01/22/23 For Sale $399,000 -- --
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 $7,522 $127,080 $16,443 $110,637
2023 $5,609 $89,490 $15,200 $74,290
2022 $0 $80,070 $15,400 $64,670
2021 $5,060 $77,690 $13,020 $64,670
2020 $5,506 $82,500 $13,020 $69,480
2019 $5,566 $82,500 $13,020 $69,480
2018 $5,520 $79,500 $10,020 $69,480
2017 $5,369 $80,931 $10,200 $70,731
2016 $0 $78,760 $9,280 $69,480
2015 $5,329 $80,320 $10,840 $69,480
2014 $5,129 $80,320 $10,840 $69,480
2012 -- $80,610 $11,660 $68,950
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MARIS MLS

MLS Number: MIS23003415

MARIS MLS

APN: 07-25-249-010-000