NOT LISTED FOR SALE

Estimated Value: $314,000 - $404,000

6 Beds
3 Baths
2,160 Sq Ft
$160/Sq Ft Est. Value

Last Sold May 31, 2022

Last sale price $339,000 $157 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,588/month

3 Days on Market

Highlights

  • Ranch Style House
  • Forced Air Heating System
  • Paved or Partially Paved Lot

About This Home

As of May 2022

WELL MAINTAINED BRICK BUILDING. RANCH STYLE WITH SEPARATE OUTSIDE ENTRANCES. ALL 2 BEDROOM UNITS WITH THEIR OWN FURNACES, TENANTS PAY FOR HEAT, GAS, AND ELECTRICITY. ROOF AND GUTTERS 10 YRS OLD. NEW WINDOWS, FURNACES, A/C UNITS, AND HWHS, LOTS OF UPDATES. GREAT INCOME PRODUCER. TENANTS PAY HEAT, GAS AND ELECTRICITY LANDLORD PAYS COMMON AREA ELECTRIC $15. MO., INSURANCE $1,395 YR AND SEWER/WATER $120 EVERY 2 MONTHS, TRASH $225 QUARTER. LOW TAXES $5,443. YR GROSS INCOME $33,600 WITH NOI OF $24,974. NOTE: CURRENT RENTS ARE UNDER MARKET, RENT COMPS INDICATE $1,200-$1,225 AS MARKET VALUE A CCHA LISTS $1,355 FOR THIS ZIP CODE

Last Agent to Sell the Property

Bruce La Ha

RE/MAX 10 License #475102758 Listed on: 04/23/2022

RE/MAX 10

Last Buyer's Agent

Loren Watts

HomeSmart Connect LLC License #475195330

HomeSmart Connect LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,443

Year Built

  • Built in 1961 | Remodeled in 2018

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 65x120
  • Paved or Partially Paved Lot

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 3 Bathrooms

Basement

  • Crawl Space

Parking

  • 4 Parking Spaces
  • Uncovered Parking
  • Off Alley Parking
  • Parking Included in Price
  • Unassigned Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 3 Units
  • Old Matteson Subdivision, 3 Flat Floorplan

Building Details

  • Gross Income $33,600
  • Net Operating Income $24,974

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,443

Year Built

Built in 1961 | Remodeled in 2018

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Subdivision Name: Old Matteson
  • Year Built: 1961
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2018
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2018

Interior Features

  • Basement: None
  • Total Bathrooms: 3
  • Total Bedrooms: 6
  • Basement Description: Crawl
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner,Range Hood
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner,Range Hood
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner,Range Hood

Exterior Features

  • Foundation Details: Concrete Perimeter
  • List Price: 289900
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Unassigned, Off Alley
  • ParkingTotal: 4
  • Number of Cars: 4
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Schools

  • Middle/Junior School District: 162

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.13
  • Lot Dimensions: 65X120
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 24974
  • GrossIncome: 33600
  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 5443
  • Tax Year: 2020
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 19, 2021
Sold by
Tca Properties Llc
Bought by
Andrea Christopher M and Andrea Teresa A
Current Estimated Value
$345,970

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,159
Outstanding Balance
$81,829
Interest Rate
2.99%
Mortgage Type
New Conventional
Estimated Equity
$264,141

Purchase Details

Closed on
Oct 28, 2016
Sold by
Andrea Christopher M and Andrea Teresa A
Bought by
Tca Properties Llc

Purchase Details

Closed on
Jul 25, 2016
Sold by
Pinto Roseann
Bought by
Andrea Christopher M and Andrea Teresa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 2, 2011
Sold by
Pinto Roseann and Pinto Nick
Bought by
Pinto Roseann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
4.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 29, 1996
Sold by
Kenneth Richard and Haisley Donnette M
Bought by
Pinto Darrell and Pinto Roseann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,500
Interest Rate
7.75%
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
Andrea Christopher M -- None Available
Tca Properties Llc -- Attorney
Andrea Christopher M $150,000 Mgr Title Services
Pinto Roseann -- Fidelity National Title
Pinto Darrell $145,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Andrea Christopher M $100,159
Previous Owner Andrea Christopher M $112,500
Previous Owner Pinto Roseann $112,000
Previous Owner Pinto Darrell $101,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2022 05/31/22 Sold $339,000 +16.9% $157 / Sq Ft
04/27/2022 04/27/22 Pending -- -- --
04/23/2022 04/23/22 For Sale $289,900 -- $134 / 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 $8,963 $25,000 $2,400 $22,600
2023 $5,798 $25,000 $2,400 $22,600
2022 $5,798 $10,688 $2,100 $8,588
2021 $5,877 $10,687 $2,100 $8,587
2020 $5,443 $10,687 $2,100 $8,587
2019 $5,884 $11,368 $1,950 $9,418
2018 $5,883 $11,368 $1,950 $9,418
2017 $5,647 $11,368 $1,950 $9,418
2016 $6,423 $13,062 $1,800 $11,262
2015 $6,367 $13,062 $1,800 $11,262
2014 $6,168 $13,062 $1,800 $11,262
2013 $5,771 $13,370 $1,800 $11,570
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11383733

Midwest Real Estate Data (MRED)

APN: 31-26-103-015-0000