$98,000
SOLD SEP 24, 2021

421 N Locust St Pontiac, IL 61764

3 Beds
2 Baths
2,501 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$39 Per Sq Ft

37 Days on Market

Highlights

  • Corner Lot
  • Enclosed patio or porch
  • Ceiling Fan
  • 1 Car Detached Garage
  • Bungalow
  • Senior Tax Exemptions

About This Home

As of July 2022

All brick, beautifully landscaped Bungalow located just two blocks from downtown Pontiac. This Bungalow offers two separate units, 2 bedroom unit on main floor and 1 bedroom unit on second floor. This property can easily be converted into a single family dwelling. Main floor unit offers 1,471 square feet, Kitchen (14x12), Dining room (17x13), Living room (15x15), BDRM 1 (18x11), BDRM 2 (11x11), Full Bath (10x6), Front Porch (21x8). Second floor unit offers 1,030 square feet, Kitchen (11x6), Living/Dining combo (27x10), BDRM (11x16). All appliances stay including washer and dryer. Roof replaced in 2014, hot water heater replaced in 2017, and majority of windows have been updated. Full basement offers plenty of storage. 1 car detached garage. Separate electric and gas. Property being Sold As-Is. Conventional financing or cash only.

Last Agent to Sell the Property

Peter Martin

Panno Realty License #475166040 Listed on: 07/23/2021

Last Buyer's Agent

Amy Eppel

Eppel Realty License #471022420

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,086

Year Built

  • Built in 1923

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 60 x 90
  • Corner Lot

Parking

  • 1 Car Detached Garage
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Bungalow
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Carbon Monoxide Detectors

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Schools

  • Attendance Centers Elementary School
  • Pontiac Junior High School
  • Pontiac High School

Additional Features

  • Enclosed patio or porch
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions
  • Senior Freeze Tax Exemptions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,086

Year Built

Built in 1923

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
  • Subdivision Name: Not Applicable
  • Year Built: 1923
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Other Equipment: CO Detectors, Ceiling Fan(s), Sump Pump
  • Room Type: Enclosed Porch
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Microwave,Window Air Conditioner,Fireplace-Artificial,Garage/Space,Laundry Hook-Up
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner

Exterior Features

  • Foundation Details: Block
  • List Price: 109900
  • Lot Features: Corner Lot
  • OtherStructures: Garage(s)
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 1
  • ParkingTotal: 1
  • Garage Details: Garage Door Opener(s)
  • 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

  • Conversion YN: N

Schools

  • Elementary School: Attendance Centers
  • High School: Pontiac High School
  • Middle/Junior School: Pontiac Junior High School
  • Middle/Junior School District: 429

Lot Info

  • Lot Size Acres: 0.12
  • Lot Dimensions: 60 X 90
  • Zoning: OTHER
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 23
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 1086.4
  • Tax Year: 2020
  • Tax Exemptions: Homeowner,Senior,Senior Freeze

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • 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%
Current Estimated Value
$158,608

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,608
Avg. Annual Appreciation
7.61%
Original Mortgage
$96,000
Outstanding Balance
$91,938
Interest Rate
5.2%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$57,810

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%
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Warranty Deed $120,000 None Available
Deed $98,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $96,000 Purchase Money Mortgage
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
2024 $3,712 $40,150 $3,472 $36,678
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: 11166813

Midwest Real Estate Data (MRED)

APN: 15-15-22-291-004