K
Seller's Agent in 2019
Ken Morzek
Realty Services & Consultants, LLC
(815) 218-1153
1 Total Sale
403 Sycamore St Albany, IL 61230
Estimated Value: $714,335
Studio
2
Baths
7,176
Sq Ft
$100/Sq Ft
Est. Value
About This Home
As of November 2019Well maintained 48 pad mobile home park with 34 self storage units and coined laundry facilities. Sales price includes all grounds and park maintenance equipment. All mobile homes are tenant owned. The park has consistent income from 32 permanent tenants (67% occupancy), 34 self storage units occupied (100%), and laundry facilities. The park enjoys country living with city utilities and only half a mile from the Mississippi River. Storage units include (10) 12' x 24' units, (16) 10' x 20', and (8) 5' x 10' self storage units. On-site manager willing to continue managing property. Financials available to qualified buyers with confidentiality agreement.
Last Agent to Sell the Property
Realty Services & Consultants, LLC License #553001975 Listed on: 07/11/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,298
Year Built
- Built in 1968
Lot Details
- 7.11 Acre Lot
- Lot Dimensions are 232.05x1334.01
Interior Spaces
- 7,176 Sq Ft Home
- 1-Story Property
Listing and Financial Details
- Tenant pays for electricity, heat
Community Details
Overview
- 48 Units
Building Details
- Insurance Expense $3,831
- Operating Expense $32,840
- Gross Income $87,440
- Net Operating Income $54,600
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 11, 2019
Closed on
Nov 5, 2019
Sold by
William R Mccleary Ret
Bought by
Preserving Communities
Seller's Agent
Ken Morzek
Realty Services & Consultants, LLC
Buyer's Agent
Ken Kophamer
Kophamer & Blean Realty
List Price
$625,000
Sold Price
$500,000
Premium/Discount to List
-$125,000
-20%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$214,335
Avg. Annual Appreciation
5.90%
Original Mortgage
$325,000
Outstanding Balance
$285,916
Interest Rate
3.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$428,419
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Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Preserving Communities | $495,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Preserving Communities | $325,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/05/2019 11/05/19 | Sold | $500,000 | -20.0% | $70 / Sq Ft |
| 08/13/2019 08/13/19 | Pending | -- | -- | -- |
| 07/11/2019 07/11/19 | For Sale | $625,000 | -- | $87 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
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 | $3,147 | $37,921 | $13,592 | $24,329 |
| 2023 | $3,147 | $37,921 | $13,592 | $24,329 |
| 2022 | $3,251 | $37,921 | $13,592 | $24,329 |
| 2021 | $3,292 | $37,921 | $13,592 | $24,329 |
| 2020 | $3,295 | $37,921 | $13,592 | $24,329 |
| 2019 | $3,326 | $37,921 | $13,592 | $24,329 |
| 2018 | $3,298 | $37,921 | $13,592 | $24,329 |
| 2017 | $3,350 | $37,921 | $13,592 | $24,329 |
| 2016 | $3,375 | $37,921 | $13,592 | $24,329 |
| 2015 | $326 | $37,921 | $13,592 | $24,329 |
| 2014 | $3,295 | $37,921 | $13,592 | $24,329 |
| 2013 | $326 | $37,921 | $13,592 | $24,329 |
Source: Public Records
Agents Affiliated with this Home
-
Ken Morzek
-
Ken Kophamer
Buyer's Agent in 2019
Ken Kophamer
Kophamer & Blean Realty
(815) 631-6115
55 Total Sales
-
Suzi Mills
Buyer Co-Listing Agent in 2019
Suzi Mills
Kophamer & Blean Realty
(815) 766-0049
23 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 10447469
APN: 0625201007
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