Seller's Agent in 2023
Shelly McCoy
Eagle Ridge Realty
(815) 238-5676
44 in this area
118 Total Sales
433 N High St Galena, IL 61036
Estimated Value: $523,352
--
Bed
--
Bath
6,597
Sq Ft
$79/Sq Ft
Est. Value
Highlights
- Deck
- Brick or Stone Mason
- Washer and Dryer
- Galena Primary School Rated A-
- Forced Air Heating and Cooling System
About This Home
As of December 2023Rare opportunity, Rental Investment Property located in the Old Seminary School on top of "Jail Hill" offering 6 apartments ranging between 1 and 2 bedroom units. Private Decks on 2 and 3 floor. Each unit includes a 1 car garage. FROM THE CITY: By City of Galena ordinance, whether a Buyer wants to keep this as an apartment building or convert to a condominium, the land uses are essentially no different. In other words, the continued use as an apartment building or if it is preferred as condos would both be OK with the city as long as the nonconforming use does not become any more intense. A new owner could convert the building in to privately owned condos, and that would be OK with the city. This City letter/email is on file with the listing brokerage. (Seller is a licensed broker. Square feet, lot dimensions, and acreage from County information.) Income and Expense Report available. Exact Unit sq footage is not known. Condo Conversion is a great possibility as City has given positive response.
Last Agent to Sell the Property
Eagle Ridge Realty License #475131143 Listed on: 09/20/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,350
Year Built
- Built in 1878
Lot Details
- 0.37
Parking
- Additional Parking
Home Design
- Brick or Stone Mason
- Slab Foundation
- Shingle Roof
Interior Spaces
- 3-Story Property
- Basement
Kitchen
- Stove
- Range
- Dishwasher
Laundry
- Laundry in unit
- Washer and Dryer
Outdoor Features
- Deck
Schools
- Galena Elementary And Middle School
- Galena High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- Separate Meters
- Separate Water Meter
- Electric Water Heater
Community Details
- 6 Units
- 3-Story Building
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 20, 2023
Closed on
Dec 28, 2023
Sold by
Moyer William G
Bought by
Bain Wealth Investments Llc
Seller's Agent
Shelly McCoy
Eagle Ridge Realty
Buyer's Agent
Shelly McCoy
Eagle Ridge Realty
List Price
$489,000
Sold Price
$470,000
Premium/Discount to List
-$19,000
-3.89%
Views
33
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
$53,352
Avg. Annual Appreciation
4.51%
Original Mortgage
$270,000
Outstanding Balance
$207,855
Interest Rate
7.74%
Mortgage Type
Construction
Estimated Equity
$296,989
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Bain Wealth Investments Llc | $470,000 | Wilkinson Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Bain Wealth Investments Llc | $270,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/28/2023 12/28/23 | Sold | $470,000 | -3.9% | $71 / Sq Ft |
| 11/15/2023 11/15/23 | Pending | -- | -- | -- |
| 11/15/2023 11/15/23 | For Sale | $489,000 | 0.0% | $74 / Sq Ft |
| 09/27/2023 09/27/23 | Pending | -- | -- | -- |
| 09/20/2023 09/20/23 | For Sale | $489,000 | -- | $74 / Sq Ft |
Source: NorthWest Illinois Alliance of REALTORS®
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 | $12,123 | $157,207 | $6,439 | $150,768 |
| 2023 | $12,600 | $159,992 | $4,660 | $155,332 |
| 2022 | $12,600 | $159,992 | $4,660 | $155,332 |
| 2021 | $12,646 | $147,390 | $4,293 | $143,097 |
| 2020 | $13,018 | $147,390 | $4,293 | $143,097 |
| 2019 | $13,071 | $148,955 | $4,293 | $144,662 |
| 2018 | $12,763 | $148,955 | $4,293 | $144,662 |
| 2017 | $12,540 | $148,955 | $4,293 | $144,662 |
| 2016 | $12,269 | $148,955 | $4,293 | $144,662 |
| 2015 | $12,283 | $148,299 | $4,085 | $144,214 |
| 2014 | $11,706 | $148,299 | $4,085 | $144,214 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: NorthWest Illinois Alliance of REALTORS®
MLS Number: 202305506
APN: 22-100-902-00
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.
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.
Nearby Homes