NOT LISTED FOR SALE

405 S State St Marengo, IL 60152

Estimated Value: $174,000 - $317,000

5 Beds
5 Baths
-- Sq Ft
10,019 Sq Ft Lot

Last Sold July 08, 2013

Last sale price $55,000

Est. 335% increase in value since last sale

Current estimated payment $1,619/month

58 Days on Market

About This Home

As of July 2013

GREAT 3 FLAT IN DOWNTOWN LOCATION IS PERFECT FOR TENANTS NEEDING EASY ACCESS TO SHOPPING, RESTAURANTS, SERVICES ETC. PERFECT INVESTMENT WITH GREAT CASH FLOW OPPORTUNITIES FOR THE SAVVY INVESTOR. TENANTS PAY OWN ELECTRICITY. ONE UNIT CURRENTLY RENTED, OTHER TWO IN PROCESS OF BEING LEASED. PLENTY OF PARKING FOR TENANTS AND GUESTS. FULL BASEMENT AND STORAGE SHED FOR STORAGE OWNER & TENANTS. NEWER ROOF TOO. A MUST SEE.

Last Agent to Sell the Property

Rick O'Connor

Realty Executives Cornerstone License #471008196 Listed on: 01/23/2013

Realty Executives Cornerstone

Last Buyer's Agent

Michael Grismer

Beetstra, Thomas W. Real Estate License #475140163

Property Details

Home Type

  • Other

Est. Annual Taxes

  • $4,322

Year Built

  • 1920

Lot Details

  • 10,019

Home Design

  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding
  • Cedar

Unfinished Basement

  • Basement Fills Entire Space Under The House

Parking

  • Off-Street Parking
  • Unassigned Parking

Schools

  • Locust Elementary School
  • Marengo High School

Property Details

Home Type

Other

Est. Annual Taxes

$4,322

Year Built

1920

Lot Details

0

Interior Features

  • Total # Of Rooms: 11
  • Equipment: TV-Cable, Ceiling Fan
  • Basement: Full
  • Basement: Unfinished

Exterior Features

  • Foundation: Stone
  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Vinyl Siding, Cedar, Frame
  • Roof Type: Asphalt/Glass (Shingles)

Garage/Parking

  • Number of Cars: 10
  • Parking: Unassigned, Off Street
  • Parking Type: Space/s

Utilities

  • Water: Public
  • Heat/Fuel: Gas, Hot Water/Steam, Baseboard

Condo/Co-op/Association

  • Units in Building: 3

Schools

  • Elementary School: Locust Elementary School
  • High School: Marengo High School
  • Junior High Dist: 165
  • Junior High: Marengo Middle School

Lot Info

  • Lot Dimensions: 67 X 147

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 19, 2014
Sold by
Mwg Holdings
Bought by
Ringwood Holdings Llc
Current Estimated Value
$239,330

Purchase Details

Listed on
Jan 23, 2013
Closed on
Jun 19, 2013
Sold by
Pfaffinger Larry and Pfaffinger Beverly A
Bought by
Mwg Holdings Llc
Seller's Agent
Rick O'Connor
Realty Executives Cornerstone
Buyer's Agent
Michael Grismer
Beetstra, Thomas W. Real Estate
List Price
$79,900
Sold Price
$55,000
Premium/Discount to List
-$24,900
-31.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.69%

Purchase Details

Closed on
Oct 31, 2002
Sold by
Pfaffinger Beverly A and Pfaffinger Larry
Bought by
Pfaffinger Beverly A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,500
Interest Rate
6.13%

Purchase Details

Closed on
Jul 9, 2001
Sold by
Hills Gloria J
Bought by
Pfaffinger Larry J and Pfaffinger Beverly A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,800
Interest Rate
7.14%

Purchase Details

Closed on
Mar 8, 1999
Sold by
Hills Gloria J
Bought by
The Gloria Hills Living Trust
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
Ringwood Holdings Llc -- None Available
Mwg Holdings Llc $55,000 Nlt Title Llc
Pfaffinger Larry -- Nlt Title Llc
Pfaffinger Beverly A -- Nlt Title Llc
Pfaffinger Larry -- Nlt Title Llc
Pfaffinger Larry J $146,000 --
The Gloria Hills Living Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pfaffinger Larry $129,500
Previous Owner Pfaffinger Larry J $116,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/08/2013 07/08/13 Sold $55,000 -21.3% --
03/22/2013 03/22/13 Pending -- -- --
03/12/2013 03/12/13 Price Changed $69,900 -12.5% --
01/23/2013 01/23/13 For Sale $79,900 -- --
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 $4,322 $56,959 $12,974 $43,985
2023 $4,246 $50,211 $11,437 $38,774
2022 $4,073 $45,407 $10,343 $35,064
2021 $3,812 $41,373 $9,424 $31,949
2020 $3,760 $39,372 $8,968 $30,404
2019 $3,992 $37,305 $8,497 $28,808
2018 $3,724 $34,943 $7,959 $26,984
2017 $3,620 $33,099 $7,539 $25,560
2016 $3,522 $30,925 $7,044 $23,881
2013 -- $30,257 $6,892 $23,365
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD08257402

Midwest Real Estate Data (MRED)

APN: 11-36-303-004