NOT LISTED FOR SALE

401 S State St Belvidere, IL 61008

4 Beds
2 Baths
1,980 Sq Ft
1,873 Sq Ft Lot

Last Sold April 29, 2019

Last sale price $110,250 $56 Per Sq Ft

256 Days on Market

Highlights

  • Brick or Stone Mason
  • Home Security System
  • Forced Air Heating and Cooling System

About This Home

As of April 2019

Come join the positive movement of growth in downtown Belvidere, a rare opportunity to own a historic building. This turn of the century building, built in 1896 has been home to several business over the years. The building is on a busy corner in the central business District on S. State and Pleasant ST., in downtown Belvidere. Lots of opportunity, good visibility. Part of the Downtown Overlay District, Exterior Rehab Grants periodical available. All Brick solid building, Zoned General Retail, A total of 1980 square feet, plus a full basement that has decent ceiling height with an outside entrance. 1st floor vacant, 2nd floor is home to rented apartment which have their own separate utilities. Current rent of apartments generate $1100 a month rent. if you were to peel back the facade you may find similar features of the adjoining building, home to an Antique Store. So many things happening in the restoration of our downtown, municipal parking lot behind the building and street parking

Last Agent to Sell the Property

Debbie Carlson

Berkshire Hathaway HomeServices Starck RE License #471002493 Listed on: 06/15/2018

Berkshire Hathaway HomeServices Starck RE

Last Buyer's Agent

Michelle Marcu-Carlson

Ultimate Realty Inc. License #471015208

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,665

Year Built

  • Built in 1896

Lot Details

  • 1,873

Home Design

  • Brick or Stone Mason

Interior Spaces

  • 1,980 Sq Ft Home
  • 2-Story Property
  • Home Security System
  • Basement

Schools

  • Washington Elementary School
  • Belvidere South Middle School
  • Belvidere High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Gas Water Heater

Community Details

  • 3 Units
  • 2-Story Building

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,665

Year Built

Built in 1896

Lot Details

0

Listing Details

  • Class: MULTIFAMILY
  • Estimated Above Grade Sq Ft: 1980
  • Front: 22
  • General Features: Security System
  • Grid: B6
  • Legal Description: 25 44 3LT 1 ASSRS SUR OF BLKS 1 5&6 IN AARON WHITNEYS ADD 401 S STATE ST
  • Lvt Date: 06/15/2018
  • Rear: 22
  • Side 1: 90
  • Side 2: 90
  • Style: 2 Story
  • Type: 3 - 4 Units
  • Total Assessed Value: 96126
  • Number Of Floors In Bldg: 2
  • Number Of Tenants In Bldg: 2
  • Number Of Units In Bldg: 3
  • Potential Income: 1100
  • Agent Only_ L A1 User Code: 4034
  • Elementary School: Washington Elementary
  • Pertinent Facts: Come join the positive movement of growth in downtown Belvidere, a rare opportunity to own a historic building. This turn of the century building, built in 1896 has been home to several business over the years. The building is on a busy corner in the central business District on S. State and Pleasant ST., in downtown Belvidere. Lots of opportunity, good visibility. Part of the Downtown Overlay District, Exterior Rehab Grants periodical available. All Brick solid building, Zoned General Retail, A total of 1980 square feet, plus a full basement that has decent ceiling height with an outside entrance. 1st floor vacant, 2nd floor is home to rented apartment which have their own separate utilities. Current rent of apartments generate $1100 a month rent. if you were to peel back the facade you may find similar features of the adjoining building, home to an Antique Store. So many things happening in the restoration of our downtown, municipal parking lot behind the building and street parking
  • L O1 Brokerage Number: 477014035
  • S O1 Brokerage Number: 478025566
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes

Exterior Features

  • Exterior: Brick/Stone

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Sewer: City
  • Water: City
  • Water Heater: Gas
  • Separate Utilities: Yes

Schools

  • School District: Belvidere 100
  • Elementary School: Washington Elementary
  • Middle School: Belvidere South Middle
  • High School: Belvidere High

Building Info

  • Year Built: 1896

Tax Info

  • Year: 2018
  • Taxes: 3665

MLS Schools

  • HighSchool: Belvidere High
  • School District: Belvidere 100
  • Middle School: Belvidere South Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2018
Closed on
Apr 26, 2019
Sold by
Giovingo Salvatore J and Giovingo Mary J
Bought by
Rivera Lucrecia
Seller's Agent
Debbie Carlson
Berkshire Hathaway HomeServices Starck RE
Buyer's Agent
Michelle Marcu-Carlson
Ultimate Realty Inc.
List Price
$149,900
Sold Price
$110,250
Premium/Discount to List
-$39,650
-26.45%
Total Days on Market
256

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Outstanding Balance
$58,404
Interest Rate
4.2%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 27, 2015
Sold by
Rodenbeck Rose Ann
Bought by
Giovingo Salvatore and Mary Jo

Purchase Details

Closed on
Jan 20, 1999
Bought by
Rodenbeck Rose Ann and Calgaro Prudence Rodenbeck Rose Ann
Source: Public Records

Range of Values:

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Average Value
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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
Rivera Lucrecia $110,250 Title Underwriters Agency
Giovingo Salvatore $100,000 --
Rodenbeck Rose Ann -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rivera Lucrecia $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2019 04/29/19 Sold $110,250 -21.2% $56 / Sq Ft
02/26/2019 02/26/19 Pending -- -- --
10/26/2018 10/26/18 Price Changed $139,900 -6.7% $71 / Sq Ft
06/15/2018 06/15/18 For Sale $149,900 -- $76 / Sq Ft
Source: NorthWest Illinois Alliance of REALTORS®

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 $4,032 $46,648 $2,501 $44,147
2023 $4,032 $43,777 $2,501 $41,276
2022 $3,723 $38,445 $2,501 $35,944
2021 $3,667 $37,780 $2,501 $35,279
2020 $3,825 $37,092 $2,501 $34,591
2019 $3,881 $36,766 $2,501 $34,265
2018 $3,665 $35,787 $2,501 $33,286
2017 $3,409 $32,042 $2,542 $29,500
2016 $3,346 $30,163 $2,501 $27,662
2015 $3,442 $30,163 $2,501 $27,662
2014 $802 $30,044 $2,326 $27,718
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 201803444

NorthWest Illinois Alliance of REALTORS®

APN: 05-25-357-018