422 Phelps Ave Rockford, IL 61108
Arnold Neighborhood
2
Beds
1
Bath
1,026
Sq Ft
1.2
Acres
Highlights
- 2 Car Detached Garage
- Laundry Room
- Forced Air Heating System
- Living Room
- 1-Story Property
- Dining Room
About This Home
As of October 2024Great investment opportunity, one of the few over 1 acre lots within the city of Zoned C1 and C3. The ranch house On the property features 2 bedrooms and 1 bath1with a 2 car detached garage, being sold as-is.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,770
Year Built
- Built in 1950
Lot Details
- 1.2 Acre Lot
- Lot Dimensions are 165x350x165x 314.37
Parking
- 2 Car Detached Garage
Home Design
- Frame Construction
Interior Spaces
- 1,026 Sq Ft Home
- 1-Story Property
- Family Room
- Living Room
- Dining Room
- Unfinished Basement
- Basement Fills Entire Space Under The House
- Laundry Room
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Potential Bedrooms
- 1 Full Bathroom
Utilities
- No Cooling
- Forced Air Heating System
- Well
- Private or Community Septic Tank
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 1, 2024
Closed on
Oct 10, 2024
Sold by
Obsidian Onyx Management Llc and Ash Series
Bought by
Barone Teresa
Seller's Agent
Sully Cadengo
Realty of America, LLC
Buyer's Agent
Nicole Ramirez
Keller Williams Inspire - Geneva
List Price
$184,000
Sold Price
$135,000
Premium/Discount to List
-$49,000
-26.63%
Views
112
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,624
Avg. Annual Appreciation
16.42%
Purchase Details
Closed on
Dec 7, 2021
Sold by
Realington Enterprises Llc-Next
Bought by
Obsidian Onyx Management Llc Ash Series
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,040,000
Interest Rate
1.29%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 7, 2020
Sold by
Cedar Hill Park Llc
Bought by
Realington Enterprises Llc-Next
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,424
Interest Rate
3.4%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 1, 2020
Sold by
Cedar Hill Park Llc
Bought by
Realington Enterprises Llc-Next
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,424
Interest Rate
3.4%
Mortgage Type
New Conventional
Similar Homes in Rockford, IL
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $135,000 | None Listed On Document | |
| Warranty Deed | $135,000 | None Listed On Document | |
| Warranty Deed | $300,000 | Reese & Reese | |
| Warranty Deed | $127,500 | Guyer & Enichen Pc | |
| Warranty Deed | $127,500 | Guyer & Enichen Pc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,040,000 | New Conventional | |
| Previous Owner | $131,424 | New Conventional | |
| Previous Owner | $131,424 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/24/2024 10/24/24 | Sold | $135,000 | -3.6% | $132 / Sq Ft |
| 10/01/2024 10/01/24 | Pending | -- | -- | -- |
| 09/26/2024 09/26/24 | Price Changed | $140,000 | -6.7% | $136 / Sq Ft |
| 08/27/2024 08/27/24 | Price Changed | $150,000 | -12.8% | $146 / Sq Ft |
| 08/19/2024 08/19/24 | Price Changed | $172,000 | -6.5% | $168 / Sq Ft |
| 08/01/2024 08/01/24 | For Sale | $184,000 | -- | $179 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $2,944 | $37,062 | $16,500 | $20,562 |
| 2023 | $2,770 | $32,680 | $14,549 | $18,131 |
| 2022 | $2,652 | $29,210 | $13,004 | $16,206 |
| 2021 | $3,283 | $26,784 | $11,924 | $14,860 |
| 2020 | $3,256 | $25,320 | $11,272 | $14,048 |
| 2019 | $3,233 | $24,132 | $10,743 | $13,389 |
| 2018 | $3,437 | $22,742 | $10,124 | $12,618 |
| 2017 | $3,586 | $24,170 | $9,689 | $14,481 |
| 2016 | $3,583 | $23,717 | $9,507 | $14,210 |
| 2015 | $3,628 | $23,717 | $9,507 | $14,210 |
| 2014 | $3,113 | $21,169 | $11,914 | $9,255 |
Source: Public Records
Agents Affiliated with this Home
-
Sully Cadengo
Seller's Agent in 2024
Sully Cadengo
Realty of America, LLC
(779) 203-3570
2 in this area
134 Total Sales
-
Nicole Ramirez
Buyer's Agent in 2024
Nicole Ramirez
Keller Williams Inspire - Geneva
(815) 980-2659
1 in this area
56 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12125032
APN: 12-28-227-007
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