NOT LISTED FOR SALE

407 S Broad St Lanark, IL 61046

Estimated Value: $52,000 - $92,561

-- Bed
2 Baths
1,800 Sq Ft
$41/Sq Ft Est. Value

Last Sold December 22, 2023

Last sale price $64,000 $36 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $580/month

23 Days on Market

Highlights

  • Enclosed patio or porch
  • Brick or Stone Mason
  • Forced Air Heating System
  • Eastland Elementary School Rated A-

About This Home

As of December 2023

2 story up/down duplex. Each unit has 2 bedrooms and 1 bathroom. Also on site is a 30' x 52' building with 3 garage doors and a 1982 Model Skyline mobile home with 2 bedrooms and 2 bathrooms. $5,000 of purchase price was attributed to the value of the mobile home.

Last Agent to Sell the Property

NON-NWIAR Member

NorthWest Illinois Alliance of REALTORS® Listed on: 11/01/2023

Last Buyer's Agent

Aime Heldt

BARNES REALTY, INC. License #475140287

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,845

Year Built

  • Built in 1875

Lot Details

  • 0.5

Parking

  • 6 Car Parking Spaces

Home Design

  • Duplex
  • Brick or Stone Mason
  • Shingle Roof

Interior Spaces

  • 1,800 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven
  • Range

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Enclosed patio or porch

Schools

  • Eastland Elementary And Middle School
  • Eastland High School

Utilities

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

Community Details

  • 2 Units
  • 2-Story Building

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,845

Year Built

Built in 1875

Lot Details

0

Listing Details

  • Electric: Fuses
  • Appliances That Stay or Are Included: Dryer, Refrigerator, Oven, Washer
  • Class: MULTIFAMILY
  • Estimated Above Grade Sq Ft: 900
  • Front: 188
  • General Features: Porch Enclosed
  • Grid: Carroll County
  • Legal Description: S5 T24 R6 LOT 1 PT SW (58' X 77'-93' X 188') SE.
  • Lvt Date: 01/17/2024
  • Rear: 188
  • Side 1: 151
  • Side 2: 151
  • Style: 2 Story
  • Type: 2 Units
  • Annual Insurance Expense: 719
  • Legal Account Yr: 220
  • Maintenance Yr: 2264
  • Management Yr: 350
  • Number Of Floors In Bldg: 2
  • Number Of Tenants In Bldg: 2
  • Number Of Units In Bldg: 2
  • Other Yr: 108
  • Potential Income: 12000
  • Utilities Yr: 2040
  • Agent Only_ L A1 User Code: 9998
  • Elementary School: Eastland
  • Estimated Total Finished Sq Ft: 1800
  • Hold Earnest Money Y N: Yes
  • Pertinent Facts: 2 story up/down duplex. Each unit has 2 bedrooms and 1 bathroom. Also on site is a 30' x 52' building with 3 garage doors and a 1982 Model Skyline mobile home with 2 bedrooms and 2 bathrooms. $5,000 of purchase price was attributed to the value of the mobile home.
  • Designated Managing Broker Y N: No
  • Potential Annual Expenses: 5701
  • Separate Electric: Yes
  • Separate Heat: Yes
  • Separate Water Y N: Yes
  • Washer Dryer Coin Operated: No
  • Washer Dryer Hookups: Yes
  • Washer Dryer: No
  • Estimated Above Grade Sq Ft: 1800
  • S O1 Brokerage Number: 477012647
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement Type: Full
  • Price Per Sq Ft: 35.56
  • Basement: Yes

Exterior Features

  • Exterior: Brick/Stone
  • Roof: Shingle

Garage/Parking

  • Total Numberof Parking Spaces: 6

Utilities

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

Schools

  • School District: Eastland
  • Elementary School: Eastland
  • Middle School: Eastland
  • High School: Eastland

Building Info

  • Year Built: 1875

Tax Info

  • Year: 2022
  • Taxes: 1845

MLS Schools

  • HighSchool: Eastland
  • School District: Eastland
  • Middle School: Eastland

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/22/2023 12/22/23 Sold $64,000 0.0% $36 / Sq Ft
11/24/2023 11/24/23 Pending -- -- --
11/01/2023 11/01/23 For Sale $64,000 -- $36 / 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
2023 $2,220 $25,384 $7,668 $17,716
2022 $1,845 $22,664 $6,846 $15,818
2021 $1,916 $22,664 $6,846 $15,818
2020 $1,903 $22,418 $6,846 $15,572
2019 $1,971 $22,418 $6,846 $15,572
2018 $1,975 $22,418 $6,846 $15,572
2017 $1,887 $22,418 $6,846 $15,572
2016 $1,817 $20,978 $6,846 $14,132
2015 $1,802 $20,978 $6,846 $14,132
2014 $1,765 $20,978 $6,846 $14,132
2013 $1,765 $20,978 $6,846 $14,132
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2023

    NON-NWIAR Member

    NorthWest Illinois Alliance of REALTORS®

    (815) 395-6776

    NON-NWIAR Member
    Section Image
  • Aime Heldt

    Buyer's Agent in 2023

    Aime Heldt

    BARNES REALTY, INC.

    (815) 291-8256

    177 Total Sales

    Aime Heldt
    Section Image
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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202400172

NorthWest Illinois Alliance of REALTORS®

APN: 06-10-05-400-012

Illinois Carroll County Lanark 61046

407 S Broad St, Lanark, IL

This home is located at 407 S Broad St, Lanark, IL 61046 since 01 November 2023 and is currently estimated at $74,390, approximately $41 per square foot. This property was built in 1875. 407 S Broad St is a home located in Carroll County with nearby schools including Eastland Elementary School and Eastland Junior-Senior High School.

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.

NorthWest Illinois Alliance of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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