NOT LISTED FOR SALE

415 Fair Ln Prophetstown, IL 61277

Estimated Value: $193,125 - $250,000

16 Beds
8 Baths
-- Sq Ft
0.35 Acres

Last Sold June 10, 2019

Last sale price $143,000

Est. 56% increase in value since last sale

Current estimated payment $1,660/month

281 Days on Market

About This Home

As of June 2019

2 quads. Upper units rent for $425, lower units rent for $375. Tenants pay all utilities. Decks and roofs are under 10 years old.

Last Agent to Sell the Property

Dawn Nielsen

Dawn Nielsen DMB License #475108402 Listed on: 07/30/2018

Dawn Nielsen DMB

Last Buyer's Agent

Ken Kophamer

Kophamer & Blean Realty License #471000188

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,669

Year Built

  • Built in 1977

Lot Details

  • 0.35

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating Available

Additional Features

  • 2-Story Property
  • Lot Dimensions are 125x122

Listing and Financial Details

  • Tenant pays for common area maintenance, electricity, heat, sewer

Community Details

Overview

  • 8 Units

Building Details

  • Electric Expense $318
  • Insurance Expense $2,819
  • Operating Expense $8,437
  • Gross Income $38,400
  • Net Operating Income $29,962

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,669

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Other
  • Stories: 2
  • Year Built: 1977
  • Built Before 1978 (Y/N): Yes
  • Information: 48-Hr Notice Required
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 8
  • Total Bedrooms: 16
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • List Price: 174900

Utilities

  • Cooling: Wall Sleeve
  • Heat/Ventilation: Electric

Fee Information

  • Janitor Expense: 1055

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 125X122
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Common Area Maintenance, Electricity, Heat, Sewer, Other
  • Board Number: 19

Multi Family

  • Net Operating Income: 29962
  • Insurance Expense: 2819
  • ElectricExpense: 318
  • GrossIncome: 38400
  • NumberOfUnitsTotal: 8
  • OperatingExpense: 8437
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 4668.8
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 4, 2019
Sold by
Venture Llc
Bought by
Wide River Llc
Current Estimated Value
$223,281

Purchase Details

Listed on
Jul 30, 2018
Closed on
Jun 10, 2019
Sold by
Visitant Properties Llc
Bought by
Venture Llc
Seller's Agent
Dawn Nielsen
Dawn Nielsen DMB
Buyer's Agent
Ken Kophamer
Kophamer & Blean Realty
List Price
$174,900
Sold Price
$143,000
Premium/Discount to List
-$31,900
-18.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.22%

Purchase Details

Closed on
May 4, 2007
Sold by
Vangilder Curtis W and Vangilder Dana D
Bought by
Visitant Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,408
Interest Rate
7%
Mortgage Type
Unknown
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
Wide River Llc -- None Available
Venture Llc $143,000 --
Visitant Properties Llc $160,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Visitant Properties Llc $110,000
Previous Owner Visitant Properties Llc $110,408
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2019 06/10/19 Sold $143,000 -18.2% --
05/07/2019 05/07/19 Pending -- -- --
07/30/2018 07/30/18 For Sale $174,900 -- --
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 $5,354 $62,862 $4,312 $58,550
2023 $4,836 $57,319 $3,932 $53,387
2022 $4,371 $50,479 $3,463 $47,016
2021 $4,113 $45,957 $3,153 $42,804
2020 $4,216 $45,860 $3,146 $42,714
2019 $4,350 $47,666 $3,540 $44,126
2018 $4,664 $51,738 $3,671 $48,067
2017 $4,669 $50,689 $3,597 $47,092
2016 $4,657 $48,956 $3,474 $45,482
2015 $4,911 $52,248 $3,708 $48,540
2014 $458 $49,903 $3,542 $46,361
2013 $4,911 $52,248 $3,708 $48,540
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10035938

Midwest Real Estate Data (MRED)

APN: 1532277001