NOT LISTED FOR SALE

501 4th Ave Sterling, IL 61081

Estimated Value: $82,000 - $110,000

3 Beds
3 Baths
-- Sq Ft
7,579 Sq Ft Lot

Last Sold January 19, 2021

Last sale price $55,500

Est. 67% increase in value since last sale

Current estimated payment $681/month

84 Days on Market

Highlights

  • Corner Lot
  • Porch
  • Baseboard Heating

About This Home

As of January 2021

Large Tri Plex - each unit has 1 bedroom, large closets, stove and refrigerator. All units have electric heat (tenant pays). Owner pays gas, water, sewer & garbage, Water heater (50 gallon) which services all 3 units. One unit has laundry hook-up (Unit 501 4th Ave). Off street parking. Front and back porches with Trex deck flooring. New roof in October 2018 and electric updated to city code. All units are currently rented.

Last Agent to Sell the Property

Judy Powell

Judy Powell Realty License #471010072 Listed on: 09/14/2020

Last Buyer's Agent

Brook Ebersohl

Kettley & Company License #475158209

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,865

Lot Details

  • Lot Dimensions are 50x135
  • Corner Lot

Home Design

  • Asphalt Roof

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 3 Bathrooms

Unfinished Basement

  • Partial Basement
  • Exterior Basement Entry

Parking

  • 2 Parking Spaces
  • Uncovered Parking
  • Off Alley Parking
  • Parking Space is Owned

Additional Features

  • 2-Story Property
  • Porch
  • Baseboard Heating

Community Details

Overview

  • 3 Units

Building Details

  • Fuel Expense $35
  • Trash Expense $125
  • Water Sewer Expense $85

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,865

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Age: 100+ 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: Partial
  • Total Bathrooms: 3
  • Total Bedrooms: 3
  • Basement Description: Unfinished,Exterior Access
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Laundry Hook-Up
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • ExteriorFeatures: Porch
  • List Price: 62900
  • Lot Features: Corner Lot
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Other

Garage/Parking

  • Parking Features: Off Alley
  • ParkingTotal: 2
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Condo/Co-op/Association

  • Community Features: Curbs

Fee Information

  • Trash Expense: 125
  • Water Sewer Expenses: 85

Schools

  • Middle/Junior School District: 5

Lot Info

  • Lot Dimensions: 50X135
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 19
  • Is Parking Included in Price: No

Multi Family

  • Fuel Expense: 35
  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Story Unit/s

Tax Info

  • Tax Annual Amount: 1864.82
  • Tax Year: 2019
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2020
Closed on
Jan 14, 2021
Sold by
Kurt & Brian Props Llc
Bought by
Bje Future Llc
Seller's Agent
Judy Powell
Judy Powell Realty
Buyer's Agent
Brook Ebersohl
Kettley & Company
List Price
$64,900
Sold Price
$55,500
Premium/Discount to List
-$9,400
-14.48%
Current Estimated Value
$92,627

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,127
Avg. Annual Appreciation
11.51%
Original Mortgage
$41,625
Outstanding Balance
$37,150
Interest Rate
2.71%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$55,477

Purchase Details

Listed on
Feb 6, 2018
Closed on
Mar 22, 2018
Sold by
Hilliard Ronald T and Hilliard Jennifer E
Bought by
Kurt & Brian Properties
Seller's Agent
Judy Powell
Judy Powell Realty
Buyer's Agent
Yuriy Soloviev
Coldwell Banker Realty
List Price
$29,900
Sold Price
$29,000
Premium/Discount to List
-$900
-3.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.78%

Purchase Details

Closed on
Jun 19, 2007
Sold by
Wiemken Daniel C and Wiemken Hope M
Bought by
Hilliard Ronald T and Hilliard Jennifer E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,200
Interest Rate
6.37%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Bje Future Llc $55,500 None Available
Kurt & Brian Properties -- --
Hilliard Ronald T $56,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bje Future Llc $41,625
Previous Owner Hilliard Ronald T $53,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/19/2021 01/19/21 Sold $55,500 0.0% --
01/13/2021 01/13/21 Off Market $55,500 -- --
12/07/2020 12/07/20 Pending -- -- --
11/23/2020 11/23/20 Price Changed $62,900 -3.1% --
11/12/2020 11/12/20 For Sale $64,900 0.0% --
09/20/2020 09/20/20 Pending -- -- --
09/14/2020 09/14/20 For Sale $64,900 +123.8% --
03/22/2018 03/22/18 Sold $29,000 -3.0% --
02/10/2018 02/10/18 Pending -- -- --
02/06/2018 02/06/18 For Sale $29,900 -- --
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 $2,277 $21,841 $5,134 $16,707
2023 $2,149 $20,502 $4,819 $15,683
2022 $2,096 $19,616 $4,611 $15,005
2021 $1,930 $17,654 $4,348 $13,306
2020 $1,877 $17,036 $4,196 $12,840
2019 $1,865 $16,727 $4,120 $12,607
2018 $1,845 $16,754 $4,127 $12,627
2017 $2,073 $18,658 $4,099 $14,559
2016 $2,020 $18,057 $3,967 $14,090
2015 $193 $18,551 $4,075 $14,476
2014 $1,927 $18,140 $3,985 $14,155
2013 $193 $18,551 $4,075 $14,476
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10857292

Midwest Real Estate Data (MRED)

APN: 1121435012