NOT LISTED FOR SALE

3304 Sun Valley Terrace Rockford, IL 61103

66 Beds
33 Baths
-- Sq Ft
0.49 Acres

Last Sold August 29, 2016

Last sale price $800,000

181 Days on Market

About This Home

As of August 2016

TERRIFIC INVESTMENT OPPORTUNITY. 3 BUILDINGS ALL BRICK WITH 11 UNITS EACH. ALL 2 BEDROOM, 1 BATH UNITS. CURRENTLY UNITS RENT FOR $550 A MONTH. MOST UNITS HAVE BEEN UPGRADED IN LAST FEW YEARS. SEPARATE UTILITIES, BASEMENTS HAVE STORAGE UNITS AND WASHER/DRYER. ROOF AGES ARE 10, 6 AND BRAND NEW. 33 STOVES, 33 REFRIGERATORS AND 33 A/C'S STAY WITH BUILDING. ELECTRIC BASEBOARD HEAT, TENANT PAYS ELECTRIC, OWNER PAYS WATER, SEWER AND GARBAGE.

Last Agent to Sell the Property

Brad Shields

Dickerson & Nieman Realtors License #475124882 Listed on: 12/22/2015

Dickerson & Nieman Realtors

Last Buyer's Agent

Mikhail Geister

Core Realty & Investments, Inc License #475138120

Core Realty & Investments, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,446

Year Built

  • 1968

Lot Details

  • 0.49

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Basement

  • Basement Window Egress

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System

Community Details

  • Insurance Expense $9,060

Listing and Financial Details

  • Tenant pays for air conditioning, electric

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,446

Year Built

1968

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Ownership Type: Corporation
  • Potential Use: Residential-Single Family
  • Utilities To Site: Sanitary Sewer to Site, Water-Community
  • Zoning Type: MULTI
  • Estimated Age: 36-50 Years
  • Net Operating Income Year: 2014
  • Net Oper Income: 133680
  • Outdoor Parking: 31-50 Spaces
  • Repairs Decor Expense: 12563
  • Roof Coverings: Shingle Composition
  • Roof Structure: Pitched
  • Total Annual Exp: 95887
  • Total Annual Income: 133680
  • Total Monthly Income: 18150
  • Unincorporated: Yes
  • Leased Washer Dryer: Yes
  • Number of Ranges: 33
  • Number Of Refrigs: 33
  • Number Of Window A C: 33
  • Number Of Stories: 3
  • Estimated Year Built: 1968
  • Type Multi Family: Corridor-Exterior Entrance, Corridor-Interior Entrance
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1968

Interior Features

  • Basement: Egress Window

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick
  • Construction: Brick

Garage/Parking

  • Number Of Parking Spaces: 46

Utilities

  • Air Conditioner: Wall Sleeve, Window Unit/s
  • Fire Protection: Alarm On Site, Fire Extinguisher/s
  • Heatventilation: Electric
  • Water Expense: 6168

Condo/Co-op/Association

  • Units in Building: 33

Fee Information

  • Electricity Expense: 3243
  • Electrical Service: Circuit Breakers

Lot Info

  • Lot Dimensions: 311X311X311X311
  • Parcel Identification Number: 1112101018

Rental Info

  • Gross Rental Income: 229567
  • Tenant Pays: Air Conditioning, Electric

Multi Family

  • Expense Year: 2014
  • Insurance Expense: 9060
  • Number Of Dryers: 3
  • Number Of Washers: 3

Tax Info

  • Taxes: 39206

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 19, 2020
Sold by
Casa Apartments Llc
Bought by
Casa Apartments Llc Series Sun Valley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,575,000
Outstanding Balance
$1,424,412
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 14, 2020
Sold by
Casa Apartments Llc
Bought by
Casa Apartments Llc Series Sun Valley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,575,000
Outstanding Balance
$1,424,412
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 7, 2020
Sold by
Casa Apartments Llc
Bought by
Casa Apartments Llc Series Sun Valley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,575,000
Outstanding Balance
$1,424,412
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 22, 2015
Closed on
Aug 29, 2016
Sold by
Vats Llc
Bought by
Casa Apartments Llc
Seller's Agent
Brad Shields
Dickerson & Nieman Realtors
Buyer's Agent
Mikhail Geister
Core Realty & Investments, Inc
List Price
$899,000
Sold Price
$800,000
Premium/Discount to List
-$99,000
-11.01%

Purchase Details

Closed on
Feb 29, 2008
Bought by
Vats Llc
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
Casa Apartments Llc Series Sun Valley -- New Title Company Name
Casa Apartments Llc Series Sun -- New Title Company Name
Casa Apartments Llc Series Sun Valley -- New Title Company Name
Casa Apartments Llc Series Sun Valley -- New Title Company Name
Casa Apartments Llc Series Sun -- New Title Company Name
Casa Apartments Llc $767,000 Other
Vats Llc $1,360,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Casa Apartments Llc Series Sun $1,575,000
Closed Casa Apartments Llc Series Sun Valley $1,575,000
Closed Casa Apartments Llc Series Sun Valley $1,575,000
Closed Casa Apartments Llc Series Sun $1,575,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2016 08/29/16 Sold $800,000 0.0% $24 / Sq Ft
08/29/2016 08/29/16 Sold $800,000 -11.0% --
07/30/2016 07/30/16 Pending -- -- --
06/20/2016 06/20/16 Pending -- -- --
12/22/2015 12/22/15 For Sale $899,000 0.0% --
10/05/2015 10/05/15 For Sale $899,000 -- $27 / Sq Ft
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 $14,446 $152,437 $11,522 $140,915
2023 $13,957 $134,413 $10,160 $124,253
2022 $13,726 $120,140 $9,081 $111,059
2021 $13,502 $110,160 $8,327 $101,833
2020 $13,391 $104,141 $7,872 $96,269
2019 $13,297 $99,258 $7,503 $91,755
2018 $13,393 $93,543 $7,071 $86,472
2017 $13,282 $89,523 $6,767 $82,756
2016 $13,270 $87,845 $6,640 $81,205
2015 $13,437 $87,845 $6,640 $81,205
2014 $13,069 $87,854 $6,641 $81,213
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09105345

Midwest Real Estate Data (MRED)

APN: 11-12-101-018