NOT LISTED FOR SALE

422 S State St Marengo, IL 60152

Estimated Value: $229,000 - $285,904

4 Beds
3 Baths
-- Sq Ft
8,712 Sq Ft Lot

Last Sold November 01, 2023

Last sale price $243,000

Est. 6% increase in value since last sale

Current estimated payment $1,589/month

1 Day on Market

About This Home

As of November 2023

2 unit for sale in downtown Marengo. 3 bed down 1 bed up. lots of opportunity for many years to come.

Last Agent to Sell the Property

Tyler Lewke

Keller Williams Success Realty License #471002170 Listed on: 10/02/2023

Keller Williams Success Realty

Co-Listed By

Sam Sicurella

Keller Williams Success Realty License #475180412

Last Buyer's Agent

Tyler Lewke

Keller Williams Success Realty License #471002170 Listed on: 10/02/2023

Keller Williams Success Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,154

Year Renovated

  • 2021

Lot Details

  • 8,712

Home Design

  • Aluminum Siding

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 3 Bathrooms

Parking

  • 4 Parking Spaces
  • Uncovered Parking
  • Parking Space is Owned

Schools

  • Marengo High School

Additional Features

  • Basement Fills Entire Space Under The House
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,154

Year Renovated

2021

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • 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: 3
  • Total Bedrooms: 4
  • Basement Description: Partially Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Aluminum Siding

Garage/Parking

  • ParkingTotal: 4
  • Number of Cars: 4
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Schools

  • High School: Marengo High School

Lot Info

  • Lot Dimensions: 8712
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 3

Tax Info

  • Tax Annual Amount: 2154.04
  • Tax Year: 2022

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2023
Closed on
Oct 30, 2023
Sold by
Krotiak Alexaner B and Krotiak Kelsey
Bought by
Boger Melissa J
Seller's Agent
Tyler Lewke
Keller Williams Success Realty
Buyer's Agent
Tyler Lewke
Keller Williams Success Realty
List Price
$255,000
Sold Price
$243,000
Premium/Discount to List
-$12,000
-4.71%
Views
5
Current Estimated Value
$256,726

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,726
Avg. Annual Appreciation
2.74%
Original Mortgage
$230,850
Outstanding Balance
$226,578
Interest Rate
7.19%
Mortgage Type
New Conventional
Estimated Equity
$30,148

Purchase Details

Closed on
Mar 28, 2022
Sold by
Krotiak Alexander B
Bought by
Krotiak Alexander B and Surowiec Kelsey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,750
Interest Rate
4.99%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 31, 2020
Closed on
Oct 17, 2020
Sold by
Saini Group Llc
Bought by
Krotiak Alexander B
Seller's Agent
Tyler Lewke
Keller Williams Success Realty
Buyer's Agent
Tyler Lewke
Keller Williams Success Realty
List Price
$120,000
Sold Price
$115,000
Premium/Discount to List
-$5,000
-4.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.24%
Original Mortgage
$112,917
Interest Rate
2.99%
Mortgage Type
FHA

Purchase Details

Listed on
Nov 10, 2012
Closed on
Apr 22, 2013
Sold by
First National Bank Of Omaha
Bought by
Saini Group Llc
Seller's Agent
John Miller
Success Realty Partners
Buyer's Agent
John Miller
Success Realty Partners
List Price
$95,000
Sold Price
$55,000
Premium/Discount to List
-$40,000
-42.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.33%

Purchase Details

Closed on
Sep 7, 2012
Sold by
Rausch Jeffrey B
Bought by
Castle Bank

Purchase Details

Closed on
Nov 6, 2006
Sold by
Rausch Jack B and Rausch Kathleen
Bought by
Rausch Jeffrey B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 9, 2004
Sold by
Rausch Jane
Bought by
Rausch Jack B and Rausch Kathleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 6, 2004
Sold by
Rausch Jack and Dixon Cathy S
Bought by
Rausch Jack B and Rausch Kathleen A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 9, 2003
Sold by
Rausch Jane and Rausch John B
Bought by
Rausch Jane
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 Buyer Sale Price Title Company
Boger Melissa J $243,000 None Listed On Document
Krotiak Alexander B -- Ginali Associates Pc
Krotiak Alexander B $115,000 Attorney
Saini Group Llc $55,000 Nlt Title Llc
Castle Bank -- None Available
Rausch Jeffrey B $185,000 Nlt Title Llc
Rausch Jack B $24,100 --
Rausch Jack B -- --
Rausch Jane -- Mt
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Boger Melissa J $230,850
Previous Owner Krotiak Alexander B $159,750
Previous Owner Krotiak Alexander B $112,917
Previous Owner Rausch Jeffrey B $185,000
Previous Owner Rausch Jack B $144,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/01/2023 11/01/23 Sold $243,000 -4.7% --
10/03/2023 10/03/23 Pending -- -- --
10/02/2023 10/02/23 For Sale $255,000 0.0% --
10/04/2022 10/04/22 Rented $1,100 0.0% --
09/26/2022 09/26/22 Price Changed $1,100 -8.3% $1 / Sq Ft
09/17/2022 09/17/22 For Rent $1,200 0.0% --
10/22/2020 10/22/20 Sold $115,000 -4.2% -- View Prior Sale
09/18/2020 09/18/20 Pending -- -- --
08/31/2020 08/31/20 For Sale $120,000 +118.2% --
04/25/2013 04/25/13 Sold $55,000 -42.1% -- View Prior Sale
03/27/2013 03/27/13 Pending -- -- --
11/10/2012 11/10/12 For Sale $95,000 -- --
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 $2,857 $37,648 $16,527 $21,121
2023 $2,130 $33,188 $14,569 $18,619
2022 $2,154 $30,013 $13,175 $16,838
2021 $1,967 $27,347 $12,005 $15,342
2020 $2,485 $26,025 $11,425 $14,600
2019 $2,639 $24,659 $10,825 $13,834
2018 $2,461 $23,098 $10,140 $12,958
2017 $2,393 $21,879 $9,605 $12,274
2016 $2,328 $20,442 $8,974 $11,468
2013 $2,227 $20,000 $8,780 $11,220
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11897415

Midwest Real Estate Data (MRED)

APN: 11-35-429-020