NOT LISTED FOR SALE

500 Schroeder Ave Peotone, IL 60468

Estimated Value: $385,699

7 Beds
4 Baths
-- Sq Ft
0.32 Acres

Last Sold July 24, 2020

Last sale price $267,000

Est. 44% increase in value since last sale

Current estimated payment $2,576/month

11 Days on Market

Highlights

  • American Four Square Architecture
  • Baseboard Heating
  • Heating System Uses Steam

About This Home

As of July 2020

These 4 flats don't come on the market often! Sharp Brick 4-flat building is in good condition. Plenty of parking available with approx 8 spaces. Very close to I-57. Very low expenses on this building with long term tenants. Excellent Investment. Lower rent than the area recognizes . EVERYONE ENTERING THE PROPERTY MUST WEAR A MASK!

Last Agent to Sell the Property

Maria Maloney

Coldwell Banker Real Estate Group License #475152272 Listed on: 05/18/2020

Coldwell Banker Real Estate Group

Last Buyer's Agent

James Beecher

Realty Executives Premier Illinois License #475185447

Realty Executives Premier Illinois

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,027

Year Built

  • Built in 1975

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 110x125x60x135

Home Design

  • American Four Square Architecture

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 8 Parking Spaces
  • Uncovered Parking
  • Assigned Parking

Utilities

  • Baseboard Heating
  • Heating System Uses Steam
  • Heating System Uses Natural Gas

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $470
  • Fuel Expense $1,200
  • Insurance Expense $2,000
  • Trash Expense $110
  • Water Sewer Expense $1,080
  • Gross Income $420

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,027

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: American 4-Sq.
  • New Construction: No
  • Year Built: 1975
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • 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: 4
  • Total Bedrooms: 7
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • Room: 4

Exterior Features

  • List Price: 273900
  • Waterfront: No
  • Exterior Building Type: Brick,Frame

Garage/Parking

  • Parking Features: Assigned
  • ParkingTotal: 8
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: N/A

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Steam, Baseboard
  • Water Source: Public

Fee Information

  • Trash Expense: 110
  • Water Sewer Expenses: 1080
  • Trash Expense Year: 1320

Schools

  • Middle/Junior School District: 207U

Lot Info

  • Lot Size Acres: 0.32
  • Lot Dimensions: 110X125X60X135
  • Zoning: MULTI
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • TenantPays: Electric

Multi Family

  • Fuel Expense: 1200
  • Insurance Expense: 2000
  • ElectricExpense: 470
  • GrossIncome: 420
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat,2 Story Unit/s

Tax Info

  • Tax Annual Amount: 7027.46
  • Tax Year: 2019
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2020
Closed on
Jul 24, 2020
Sold by
Hamstra Mark J and Hamstra Diane J
Bought by
Miller Kristen L and Miller Leroy C
Seller's Agent
Maria Maloney
Coldwell Banker Real Estate Group
Buyer's Agent
James Beecher
Realty Executives Premier Illinois
List Price
$273,900
Sold Price
$267,000
Premium/Discount to List
-$6,900
-2.52%
Current Estimated Value
$385,699

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,699
Avg. Annual Appreciation
6.69%
Original Mortgage
$200,250
Outstanding Balance
$182,159
Interest Rate
3.87%
Mortgage Type
New Conventional
Estimated Equity
$188,536

Purchase Details

Closed on
May 23, 2001
Sold by
Warning Jerry W and Warning Shirley I
Bought by
Hamstra Mark J and Hamstra Diane J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$430,000
Interest Rate
7.23%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Miller Kristen L $267,000 Fidelity National Title
Hamstra Mark J $215,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miller Kristen L $200,250
Previous Owner Hamstra Mark J $184,800
Previous Owner Hamstra Mark J $175,000
Previous Owner Hamstra Mark J $280,977
Previous Owner Hamstra Mark J $150,000
Previous Owner Hamstra Mark J $430,000
Previous Owner Warning Jerry W $43,626
Closed Hamstra Mark J $430,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2020 07/24/20 Sold $267,000 -2.5% --
05/29/2020 05/29/20 Pending -- -- --
05/18/2020 05/18/20 For Sale $273,900 -- --
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
2023 $6,352 $94,478 $20,777 $73,701
2022 $6,299 $94,478 $20,777 $73,701
2021 $6,553 $94,478 $20,777 $73,701
2020 $6,728 $94,478 $20,777 $73,701
2019 $7,027 $94,478 $20,777 $73,701
2018 $7,511 $94,478 $20,777 $73,701
2017 $7,561 $94,478 $20,777 $73,701
2016 $7,614 $94,478 $20,777 $73,701
2015 $8,099 $94,478 $20,777 $73,701
2014 $8,099 $94,478 $20,777 $73,701
2013 $8,099 $94,478 $20,777 $73,701
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10718905

Midwest Real Estate Data (MRED)

APN: 20-24-411-001