NOT LISTED FOR SALE

501 E Adams St Morton, IL 61550

Estimated Value: $117,000 - $165,000

4 Beds
3 Baths
2,096 Sq Ft
$70/Sq Ft Est. Value

Last Sold January 29, 2021

Last sale price $75,000 $36 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $952/month

About This Home

As of January 2021

Amazing opportunity to own investment property in Morton! Mostly brick 1.5 story home that includes 2 units with detached garage and a small home in back of lot. Main level unit features 2 bedrooms, 1 full bath, dining room, living room, enclosed porch, and full unfinished basement. New A/C 2019, New roof on main house and garage 2018. Upper level is a 1 bedroom/1 bath unit. Home in back is 1 bedroom/1 bath unit on slab. Nice corner lot with fenced in yard. Price reflects being sold as is/no warranties.

Last Agent to Sell the Property

Holly Salter

Keller Williams Premier Realty License #475168897 Listed on: 10/06/2020

Keller Williams Premier Realty

Last Buyer's Agent

Bryson Smith

Keller Williams Premier Realty License #471021236

Keller Williams Premier Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,994

Year Built

  • Built in 1924

Lot Details

  • 9,932

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Schools

  • Morton High School

Listing and Financial Details

  • Tenant pays for all utilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,994

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: Conversion
  • Legal Description: SEC 21 T25N R3W MARY E CAMPBELLS ADDN LOT 10 IN BLK 1 NW 1/4
  • Lvt Date: 10/08/2020
  • Year Built: 1924
  • Senior Community: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number of Ranges: 3
  • Number Refrigerators: 3
  • Basement: Full, Slab, Block, Unfinished
  • Price Per Sq Ft: 35.78
  • Total Sq Ft: 2096

Exterior Features

  • Exterior: Brick Partial, Vinyl Siding
  • Road Access: Alley, Curbs & Gutters, Paved
  • Roofing: Shingles
  • Exterior Amentities: Fenced

Garage/Parking

  • Garage Parking: Detached, Alley, Shared Garage
  • Number Parking Spaces: 3

Utilities

  • Heating Cooling: 2+ Heating Systems, Gas, Radiant, 2+ Cooling Systems, Water Heater - Gas
  • Water Sewer: Public Sewer, Public Water
  • Laundry Facilities: Units Hook-Ups

Schools

  • High School: Morton
  • High School: Morton

Lot Info

  • Estimated Lot Size: 80 X 124
  • Lot Description: Corner
  • Subdivision: Mary E. Campbell
  • Geo Subdivision: IL

Rental Info

  • Manager On Site: Yes
  • Tenant Pays: All Utilities
  • Gross Annual Rent Income: 16200
  • Lease Information: 1 Year, Month-To-Month, Various Terms
  • Manager Unit Number: Apt A

Tax Info

  • Annual Taxes: 3994.22
  • Parcel Id Number Tax Id: 06-06-21-122-007
  • Tax Year: 2019

Multi Family

  • Total Number Units: 3
  • Gross Annual Income: 16200
  • Total Number Central Air Units: 1
  • Total Number Electric Meters: 3
  • Total Number Gas Meters: 3
  • Total Number Heating Units: 3
  • Total Number Water Heaters: 3
  • Total Number Water Meters: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2020
Closed on
Jan 29, 2021
Sold by
Pollow Charles L and Pollow Carol A
Bought by
C5 Properties Llc
Seller's Agent
Holly Salter
Keller Williams Premier Realty
Buyer's Agent
Bryson Smith
Keller Williams Premier Realty
List Price
$75,000
Sold Price
$75,000
Current Estimated Value
$147,166

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,166
Avg. Annual Appreciation
15.08%
Original Mortgage
$92,000
Outstanding Balance
$83,087
Interest Rate
2.6%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$61,053
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
C5 Properties Llc $75,000 Hometown Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open C5 Properties Llc $92,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/29/2021 01/29/21 Sold $75,000 0.0% $36 / Sq Ft
12/15/2020 12/15/20 Pending -- -- --
12/09/2020 12/09/20 For Sale $75,000 0.0% $36 / Sq Ft
12/09/2020 12/09/20 Price Changed $75,000 -24.9% $36 / Sq Ft
11/02/2020 11/02/20 Pending -- -- --
10/06/2020 10/06/20 For Sale $99,900 -- $48 / Sq Ft
Source: RMLS Alliance

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 $2,086 $30,530 $8,650 $21,880
2023 $2,086 $28,440 $8,060 $20,380
2022 $2,017 $26,120 $7,400 $18,720
2021 $4,131 $53,480 $7,120 $46,360
2020 $4,005 $52,950 $7,050 $45,900
2019 $3,994 $52,950 $7,050 $45,900
2018 $3,921 $52,950 $7,050 $45,900
2017 $3,820 $50,490 $6,720 $43,770
2016 $3,747 $50,490 $6,720 $43,770
2015 $3,616 $0 $0 $0
2013 $3,580 $50,490 $6,720 $43,770
Source: Public Records

Agents Affiliated with this Home

  • Holly Salter

    Seller's Agent in 2021

    Holly Salter

    Keller Williams Premier Realty

    (309) 642-0973

    5 in this area

    14 Total Sales

    Holly Salter
    Section Image
  • Bryson Smith

    Buyer's Agent in 2021

    Bryson Smith

    Keller Williams Premier Realty

    (309) 657-7004

    33 in this area

    1,739 Total Sales

    Bryson Smith
    Section Image
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Map

Source: RMLS Alliance

MLS Number: PA1219552

RMLS Alliance

APN: 06-06-21-122-007

Illinois Tazewell County Morton 61550

501 E Adams St, Morton, IL

This home is located at 501 E Adams St, Morton, IL 61550 since 06 October 2020 and is currently estimated at $147,166, approximately $70 per square foot. This property was built in 1924. 501 E Adams St is a home located in Tazewell County with nearby schools including Morton High School, Blessed Sacrament School, and Bethel Lutheran School.

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.

RMLS Alliance 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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