NOT LISTED FOR SALE

480490 Park Dr Marengo, IL 60152

Estimated Value: $317,560 - $369,000

4 Beds
2 Baths
-- Sq Ft
10,454 Sq Ft Lot

Last Sold October 27, 2023

Last sale price $284,000

Est. 18% increase in value since last sale

Current estimated payment $2,355/month

4 Days on Market

Highlights

  • Deck
  • 2 Car Attached Garage
  • Heating Available
  • Ranch Style House

About This Home

As of October 2023

Opportunity Is Knocking! Are you going to answer? RARE FIND . . . ENTIRE SIDE BY SIDE RANCH DUPLEX ON TREE-LINED STREET JUST STEPS AWAY FROM THE PARK! This property has been lovingly cared for by the same family for decades. Solid Investment that you can live here now or start cash flowing right away. Both units have large room sizes and are 2 bedroom, 1 bathroom with 1 car attached garage. Such a great arrangement for an investor or a 1st time buyer. Immediate possession is available on both units and they have been freshly painted, new carpet, new trendy kitchen/bathroom flooring, new vanity and some newer appliances. Huge kitchen with lots of counter space and cabinets. Room for table in this large eat-in kitchen. Attractive wood beam separates the kitchen from living room. Laundry closet is 6x3 and conveniently accessible. Primary bedroom will accommodate a king size bedroom set. Located 6 miles from the new I90 & Route 23 Interchange. O'Hare is 50 minutes away! Just up the street is Indian Oaks Park, 140-acre multi-purpose recreational facility. See why so many are moving out this way! Quick Close Possible & Move-In Ready!

Last Agent to Sell the Property

Stacey St John

Home Solutions Real Estate License #471005857 Listed on: 09/08/2023

Last Buyer's Agent

Nikhil Shah

ARNI Realty Incorporated License #475175650

ARNI Realty Incorporated

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,666

Year Built

  • Built in 1985

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 79x134

Parking

  • 2 Car Attached Garage
  • Parking Included in Price

Home Design

  • Duplex
  • Ranch Style House
  • Asphalt Roof
  • Aluminum Siding

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Schools

  • Marengo High School

Additional Features

  • Crawl Space
  • Deck
  • Heating Available

Community Details

  • 2 Units
  • Ranch Side By Side Duplex

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,666

Year Built

Built in 1985

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Year Built: 1985
  • Age: 31-40 Years
  • Built Before 1978 (Y/N): No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Basement Description: Crawl
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0

Exterior Features

  • ExteriorFeatures: Deck
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Electric
  • Water Source: Public

Schools

  • High School: Marengo High School

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.24
  • Lot Dimensions: 79X134
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 3
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 6665.9
  • Tax Year: 2022
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: Duplex Side by Side

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2023
Closed on
Oct 27, 2023
Sold by
Robert Votava Trust
Bought by
Adk Properties Inc
Seller's Agent
Stacey St John
Home Solutions Real Estate
Buyer's Agent
Nikhil Shah
ARNI Realty Incorporated
List Price
$299,900
Sold Price
$284,000
Premium/Discount to List
-$15,900
-5.3%
Views
41
Current Estimated Value
$335,640

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,640
Avg. Annual Appreciation
8.67%
Original Mortgage
$227,200
Outstanding Balance
$220,765
Interest Rate
7.18%
Mortgage Type
FHA
Estimated Equity
$114,875

Purchase Details

Closed on
Apr 29, 1999
Sold by
Votava Robert J and Votava Marilyn
Bought by
Votava Robert J and Robert J Votava Revocable Trust
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
Adk Properties Inc $284,000 None Listed On Document
Votava Robert J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Adk Properties Inc $227,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/27/2023 10/27/23 Sold $284,000 -5.3% --
09/13/2023 09/13/23 Pending -- -- --
09/08/2023 09/08/23 For Sale $299,900 -- --
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 $7,074 $93,217 $18,129 $75,088
2023 $6,949 $82,173 $15,981 $66,192
2022 $6,666 $74,311 $14,452 $59,859
2021 $6,239 $67,709 $13,168 $54,541
2020 $6,154 $64,435 $12,531 $51,904
2019 $6,533 $61,052 $11,873 $49,179
2018 $6,094 $57,186 $11,121 $46,065
2017 $5,924 $54,169 $10,534 $43,635
2016 $5,764 $50,611 $9,842 $40,769
2013 -- $49,517 $9,629 $39,888
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11879567

Midwest Real Estate Data (MRED)

APN: 11-35-329-005