NOT LISTED FOR SALE

424 S School Dr Lanark, IL 61046

Estimated Value: $155,000 - $224,000

Studio
4 Baths
1,536 Sq Ft
$120/Sq Ft Est. Value

Last Sold October 31, 2017

Last sale price $106,000 $69 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $1,217/month

110 Days on Market

Highlights

  • Air Conditioning
  • Baseboard Heating
  • Washer and Dryer
  • Eastland Elementary School Rated A-

About This Home

As of October 2017

Long term rental history! All 4 units rented. Very nice, Very clean, move in condition units, that are very spacious, with big kitchens! All units have Stove, refrigerators, washer and dryers. NOTE: Unit 3 tenant, owns his washer and dryer.

Last Agent to Sell the Property

Aime Heldt

BARNES REALTY, INC. License #475140287 Listed on: 05/18/2017

Last Buyer's Agent

Aime Heldt

BARNES REALTY, INC. License #475140287 Listed on: 05/18/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,815

Year Built

  • Built in 1969

Lot Details

  • 7,275

Home Design

  • 1,536 Sq Ft Home
  • Shingle Roof
  • Vinyl Siding

Schools

  • Eastland Elementary And Middle School
  • Eastland High School

Utilities

  • Air Conditioning
  • Baseboard Heating
  • Heating System Uses Gas
  • Separate Meters

Additional Features

  • Range
  • Washer and Dryer

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,815

Year Built

Built in 1969

Lot Details

7,275 Sq Ft Lot

Listing Details

  • Electric: Circuit Breaker
  • Class: MULTIFAMILY
  • Front: 104
  • Lvt Date: 05/22/2017
  • Rear: 104
  • Side 1: 70
  • Side 2: 70
  • Type: 3 - 4 Units
  • Number Of Units In Bldg: 4
  • Agent Only_ L A1 User Code: F_476
  • Elementary School: Eastland
  • Estimated Total Finished Sq Ft: 1536
  • Hold Earnest Money Y N: Yes
  • Pertinent Facts: Long term rental history! All 4 units rented. Very nice, Very clean, move in condition units, that are very spacious, with big kitchens! All units have Stove, refrigerators, washer and dryers. NOTE: Unit 3 tenant, owns his washer and dryer.
  • Designated Managing Broker Y N: No
  • Potential Annual Expenses: 7089.73
  • Separate Heat: Yes
  • Washer Dryer Coin Operated: No
  • Washer Dryer Hookups: Yes
  • Washer Dryer: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior: Vinyl
  • Roof: Shingle

Utilities

  • Heating: Baseboard
  • Sewer: City
  • Water: City

Schools

  • Elementary School #2: Eastland

Building Info

  • Year Built: 1969

Tax Info

  • Year: 2016
  • Taxes: 2815

MLS Schools

  • HighSchool: Eastland
  • School District: Eastland
  • Middle School: Eastland

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2017
Closed on
Oct 31, 2017
Sold by
Poffenberger Family Trust
Bought by
Dibiaso Alexander P and Lang Elizabeth
Seller's Agent
Aime Heldt
BARNES REALTY, INC.
Buyer's Agent
Aime Heldt
BARNES REALTY, INC.
List Price
$129,900
Sold Price
$106,000
Premium/Discount to List
-$23,900
-18.4%
Current Estimated Value
$184,214

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,214
Avg. Annual Appreciation
6.86%
Original Mortgage
$79,500
Interest Rate
3.78%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Dibiaso Alexander P $103,500 Attorney Only
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Dibiaso Alexander P $79,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2017 10/31/17 Sold $106,000 -18.4% $69 / Sq Ft
09/05/2017 09/05/17 Pending -- -- --
05/18/2017 05/18/17 For Sale $129,900 -- $85 / Sq Ft
Source: NorthWest Illinois Alliance of REALTORS®

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 $3,256 $44,949 $3,801 $41,148
2023 $3,256 $40,133 $3,394 $36,739
2022 $2,918 $35,833 $3,030 $32,803
2021 $3,029 $35,833 $3,030 $32,803
2020 $2,909 $34,274 $3,030 $31,244
2019 $3,014 $34,274 $3,030 $31,244
2018 $3,020 $34,274 $3,030 $31,244
2017 $2,904 $34,274 $3,030 $31,244
2016 $2,815 $32,514 $3,030 $29,484
2015 $2,793 $32,514 $3,030 $29,484
2014 $2,777 $32,514 $3,030 $29,484
2013 $2,777 $32,514 $3,030 $29,484
Source: Public Records

Agents Affiliated with this Home

  • Aime Heldt

    Seller's Agent in 2017

    Aime Heldt

    BARNES REALTY, INC.

    (815) 291-8256

    187 Total Sales

    Aime Heldt
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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 126185

NorthWest Illinois Alliance of REALTORS®

APN: 06-10-05-400-010

Illinois Carroll County Lanark 61046

424 S School Dr, Lanark, IL

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

NorthWest Illinois Alliance of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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