NOT LISTED FOR SALE

407 N Division Ave Polo, IL 61064

Estimated Value: $95,000 - $112,000

5 Beds
3 Baths
-- Sq Ft
10,454 Sq Ft Lot

Last Sold May 16, 2024

Last sale price $75,000

Est. 37% increase in value since last sale

Current estimated payment $729/month

247 Days on Market

About This Home

As of May 2024

DUPLEX! Double the income at this duplex located near downtown Polo. One side is currently vacant and can easily be shown with 2 bedrooms, 1 bathroom and laundry hooks up in the upstairs of unit. The other side is currently rented and has 3 bedrooms, 2 bathrooms and laundry in unit. Each tenant pays gas and electric, mows their portion of the yard and does their own snow removal. Landlord pays sewer and water bill. There is also a detached garage that gives each tenant one stall for additional storage. If you are looking for a great investment, call for a showing today!

Last Agent to Sell the Property

Rebecca Hazzard

RE/MAX of Rock Valley License #471019445 Listed on: 08/03/2023

Last Buyer's Agent

Manuel Espinoza

OnPath Realty Inc License #475198648

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,578

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 73x146x74x146

Home Design

  • Asphalt Roof
  • Aluminum Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Unfinished Basement
  • Partial Basement

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 3 Bathrooms

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Parking Space is Owned

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,578

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Age: 100+ Years
  • Built Before 1978 (Y/N): No
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial
  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding

Garage/Parking

  • OpenParkingSpaces: 2
  • ParkingTotal: 2
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Lot Info

  • Lot Size Acres: 0.24
  • Lot Dimensions: 73X146X74X146
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 19

Tax Info

  • Tax Annual Amount: 2578
  • Tax Year: 2022
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Story Unit/s

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2023
Closed on
May 16, 2024
Sold by
Lefevere Mark N
Bought by
Banuelos Rafael and Auxil Jo Ortega Alferez Ma
Seller's Agent
Rebecca Hazzard
RE/MAX of Rock Valley
Buyer's Agent
Manuel Espinoza
OnPath Realty Inc
List Price
$75,000
Sold Price
$75,000
Views
305
Current Estimated Value
$102,673

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,673
Avg. Annual Appreciation
20.56%
Original Mortgage
$56,250
Outstanding Balance
$55,452
Interest Rate
6.82%
Mortgage Type
New Conventional
Estimated Equity
$47,221
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Banuelos Rafael $75,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Banuelos Rafael $56,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/16/2024 05/16/24 Sold $75,000 0.0% --
04/07/2024 04/07/24 Pending -- -- --
03/12/2024 03/12/24 For Sale $75,000 0.0% --
03/11/2024 03/11/24 Off Market $75,000 -- --
03/05/2024 03/05/24 For Sale $75,000 0.0% --
02/22/2024 02/22/24 Pending -- -- --
02/05/2024 02/05/24 For Sale $75,000 0.0% --
02/02/2024 02/02/24 Off Market $75,000 -- --
11/09/2023 11/09/23 Price Changed $75,000 -6.3% --
09/13/2023 09/13/23 Price Changed $80,000 -5.9% --
08/31/2023 08/31/23 For Sale $85,000 0.0% --
08/10/2023 08/10/23 Pending -- -- --
08/03/2023 08/03/23 For Sale $85,000 -- --
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 $2,359 $25,091 $6,991 $18,100
2023 $2,586 $29,579 $6,991 $22,588
2022 $2,579 $28,776 $6,900 $21,876
2021 $2,346 $25,236 $6,308 $18,928
2020 $2,185 $22,838 $5,709 $17,129
2019 $2,146 $22,390 $5,597 $16,793
2018 $2,138 $22,390 $5,597 $16,793
2017 $2,115 $22,105 $5,526 $16,579
2016 $2,048 $21,066 $5,266 $15,800
2015 $1,987 $21,673 $5,418 $16,255
2014 $2,005 $21,673 $5,418 $16,255
2013 $2,065 $22,254 $5,563 $16,691
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11849723

Midwest Real Estate Data (MRED)

APN: 14-09-383-007