NOT LISTED FOR SALE

421 N Locust St Pontiac, IL 61764

Estimated Value: $132,133 - $154,000

3 Beds
2 Baths
2,501 Sq Ft
$58/Sq Ft Est. Value

Last Sold July 29, 2022

Last sale price $120,000 $48 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $1,103/month

About This Home

As of July 2022

Investor friendly home with updates to the main floor apartment. All brick Bungalow located two blocks from downtown Pontiac. This home offers two units. First floor unit offers two bedroom/1 bath, Second floor offers one bed/1 bath. All appliances stay including washer/dryer. Roof replaced 2014, hot water heater replaces 2017, majority of windows have been updated. 1 car detached garage. Separate electric and gas.

Last Listed By

Amy Eppel

Joan Bullard Realty, Inc. License #475196061 Listed on: 05/29/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,086

Year Built

  • Built in 1923 | Remodeled in 2021

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 60x90

Parking

  • 1 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Bungalow
  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Bathrooms

Schools

  • Pontiac High School

Utilities

  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,086

Year Built

Built in 1923 | Remodeled in 2021

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Bungalow
  • New Construction: No
  • Year Built: 1923
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2021
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2021

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0

Exterior Features

  • List Price: 122500
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 1
  • ParkingTotal: 1
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Schools

  • High School: Pontiac High School
  • Middle/Junior School District: 429

Lot Info

  • Lot Size Acres: 0.12
  • Lot Dimensions: 60X90
  • Lot Size: Less Than .25 Acre
  • Special Assessments: U

Rental Info

  • Board Number: 21

Tax Info

  • Tax Annual Amount: 1086.4
  • Tax Year: 2020

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
May 29, 2022
Closed on
Jul 29, 2022
Sold by
Minnaert Kale A and Minnaert Jodi
Bought by
Garces Joseph A
Seller's Agent
Amy Eppel
Joan Bullard Realty, Inc.
Buyer's Agent
Amy Eppel
Joan Bullard Realty, Inc.
List Price
$122,500
Sold Price
$120,000
Premium/Discount to List
-$2,500
-2.04%
Total Days on Market
0
Current Estimated Value
$144,533

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,533
Avg. Annual Appreciation
8.85%
Original Mortgage
$96,000
Outstanding Balance
$92,447
Interest Rate
5.2%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$59,580

Purchase Details

Listed on
Jul 23, 2021
Closed on
Sep 20, 2021
Sold by
Schultz Mary Laura and Edna Mae Rutherford Revocable
Bought by
Minnaert Kale and Minnaert Jodi
Seller's Agent
Peter Martin
Panno Realty
Buyer's Agent
Amy Eppel
Eppel Realty
Sold Price
$98,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.26%

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
Garces Joseph A $120,000 None Available
Minnaert Kale $98,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garces Joseph A $96,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2022 07/29/22 Sold $120,000 -2.0% $48 / Sq Ft
05/30/2022 05/30/22 Pending -- -- --
05/30/2022 05/30/22 For Sale $122,500 +25.0% $49 / Sq Ft
09/24/2021 09/24/21 Sold $98,000 -10.8% $39 / Sq Ft
08/30/2021 08/30/21 Pending -- -- --
08/04/2021 08/04/21 For Sale -- -- --
08/02/2021 08/02/21 Pending -- -- --
07/23/2021 07/23/21 For Sale $109,900 -- $44 / Sq Ft
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
2023 $3,617 $37,559 $3,248 $34,311
2022 $3,798 $37,768 $3,248 $34,520
2021 $1,063 $27,563 $3,123 $24,440
2020 $1,086 $26,734 $3,029 $23,705
2019 $1,111 $25,563 $2,896 $22,667
2018 $1,103 $32,583 $2,925 $29,658
2017 $1,100 $32,550 $2,922 $29,628
2016 $1,091 $32,945 $2,957 $29,988
2015 $1,102 $32,945 $2,957 $29,988
2013 $1,048 $34,686 $3,169 $31,517
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11418932

Midwest Real Estate Data (MRED)

APN: 15-15-22-291-004