NOT LISTED FOR SALE

403 Sycamore St Albany, IL 61230

Estimated Value: $725,858

Studio
2 Baths
7,176 Sq Ft
$101/Sq Ft Est. Value

Sale Details

Date Sold: November 5, 2019

Last sale price $500,000 $70 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $4,178 / mo

33 Days on Market

About This Home

As of November 2019

Well 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

Ken Morzek

Realty Services & Consultants, LLC License #553001975 Listed on: 07/11/2019

Last Buyer's Agent

Ken Kophamer

Kophamer & Blean Realty License #471000188

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,298

Year Built

Built in 1968

Lot Details

7.11 Acres

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Other
  • Stories: 1
  • Year Built: 1968
  • Built Before 1978 (Y/N): Yes
  • Information: None
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Room: 0

Utilities

  • Heat/Ventilation: None

Condo/Co-op/Association

  • Unincorporated (Y/N): No

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 7.11
  • Lot Dimensions: 232.05X1334.01
  • Lot Size Sq Ft: 309557
  • Alternate Phone Number: (815) 218-1153

Rental Info

  • Tenant Pays: Electricity, Heat
  • Board Number: 19

Building Info

  • BuildingAreaTotal: 7176

Multi Family

  • Net Operating Income: 54600
  • Insurance Expense: 3831
  • GrossIncome: 87440
  • NumberOfUnitsTotal: 48
  • OperatingExpense: 32840
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 3298
  • Tax Year: 2018

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2019
Closed on
Nov 5, 2019
Sold by
Bought by
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
$725,858

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$225,858
Avg. Annual Appreciation
5.79%
Original Mortgage
$325,000
Outstanding Balance
$280,905
Interest Rate
3.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$444,953
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$495,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $325,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $3,081 $37,484 $13,155 $24,329
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

  • K

    Seller's Agent in 2019

    Ken Morzek

    Realty Services & Consultants, LLC

    (815) 218-1153

    1 Total Sale

    Ken Morzek
    Section Image
  • Ken Kophamer

    Buyer's Agent in 2019

    Ken Kophamer

    Kophamer & Blean Realty

    (815) 631-6115

    50 Total Sales

    Ken Kophamer
    Section Image
  • Suzi Mills

    Buyer Co-Listing Agent in 2019

    Suzi Mills

    Kophamer & Blean Realty

    (815) 766-0049

    21 Total Sales

    Suzi Mills
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10447469

Midwest Real Estate Data (MRED)

APN: 0625201007

Illinois Whiteside County Albany 61230

403 Sycamore St, Albany, IL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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