NOT LISTED FOR SALE

501 E Park St Morrison, IL 61270

Estimated Value: $135,000 - $150,000

8 Beds
4 Baths
-- Sq Ft
8,799 Sq Ft Lot

Last Sold October 19, 2016

Last sale price $112,500

Est. 29% increase in value since last sale

Current estimated payment $1,065/month

80 Days on Market

About This Home

As of October 2016

Nice 4-plex with all 2 BR units. Tenants pay electric. New roof summer 2016. New furnace and A/C in one unit summer 2016, another unit or two have newer furnace and A/C's, carpet, linoleum and appliances. Some baths have new sink, vanity and tub surrounds. Each unit has own water heater and laundry hookups. 4-plex next door (503 East Park) also on the market. Seller prefers to sell them both as a package.

Last Agent to Sell the Property

Bryan Kress

RE/MAX Concepts Bettendorf License #S38196000/475.133777 Listed on: 06/14/2016

RE/MAX Concepts Bettendorf

Last Buyer's Agent

Diane Godwin-Luckey

RE/MAX Concepts Moline License #475.136001/S38270000

RE/MAX Concepts Moline

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,312

Year Built

  • Built in 1973

Lot Details

  • Lot Dimensions are 80x110.15
  • Corner Lot
  • Level Lot

Home Design

  • Vinyl Siding

Laundry

  • Laundry in unit
  • Washer Hookup

Basement

  • Walk-Out Basement
  • Basement Window Egress

Schools

  • Morrison High School

Utilities

  • Forced Air Heating and Cooling System

Community Details

Overview

  • Bull Zuidema Subdivision

Building Details

  • Electric Expense $1,133
  • Fuel Expense $1,133
  • Insurance Expense $1,903
  • Maintenance Expense $1,765
  • Water Sewer Expense $1,133
  • Gross Income $22,080

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,312

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • New Construction: No
  • Subdivision Name: Bull-Zuidema
  • Year Built: 1973
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • Legal Description: Lengthy
  • Actual Status: Closed
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Egress Window, Walk-Out Access
  • Below Grade Bedrooms: 0

Exterior Features

  • Construction Materials: Vinyl Siding
  • Lot Features: Corner Lot, Level

Utilities

  • Cooling: Central Air
  • Heating: Electric, Forced Air
  • Laundry Features: Washer Hookup, In Unit

Fee Information

  • Water Sewer Expenses: 1133

Schools

  • High School: MORRISON

Lot Info

  • Lot Dimensions: 80x110.15

Rental Info

  • Board Number: 30

Multi Family

  • Fuel Expense: 1133
  • Insurance Expense: 1903
  • ElectricExpense: 1133
  • GrossIncome: 22080
  • Maintenance Expense: 1765

Tax Info

  • Tax Annual Amount: 5311.88
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2016
Closed on
Nov 17, 2016
Sold by
Jasper Gregory A
Bought by
501 503 E Park Street Llc
Seller's Agent
Bryan Kress
RE/MAX Concepts Bettendorf
Buyer's Agent
Diane Godwin-Luckey
RE/MAX Concepts Moline
List Price
$134,900
Sold Price
$112,500
Premium/Discount to List
-$22,400
-16.6%
Current Estimated Value
$144,685

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,185
Avg. Annual Appreciation
2.74%
Original Mortgage
$230,000
Outstanding Balance
$184,505
Interest Rate
3.48%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$39,820

Purchase Details

Listed on
Jun 14, 2016
Closed on
Oct 18, 2016
Sold by
Hoehn Terrance M and Hoehn Ruth M
Bought by
Jasper Gregory A
Seller's Agent
Bryan Kress
RE/MAX Concepts Bettendorf
Buyer's Agent
Diane Godwin-Luckey
RE/MAX Concepts Moline
List Price
$134,900
Sold Price
$112,500
Premium/Discount to List
-$22,400
-16.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Outstanding Balance
$184,505
Interest Rate
3.48%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$39,820

Purchase Details

Closed on
Oct 31, 2003
Bought by
Hoehn Terrance M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
501 503 E Park Street Llc -- None Available
Jasper Gregory A $225,000 None Available
Hoehn Terrance M $260,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jasper Gregory A $230,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/19/2016 10/19/16 Sold $112,500 -16.6% --
09/02/2016 09/02/16 Pending -- -- --
06/14/2016 06/14/16 For Sale $134,900 -- --
Source: Midwest Real Estate Data (MRED)

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 $3,744 $45,894 $2,261 $43,633
2023 $3,489 $41,782 $2,058 $39,724
2022 $3,278 $38,802 $1,911 $36,891
2021 $3,193 $37,996 $1,871 $36,125
2020 $3,252 $38,716 $1,906 $36,810
2019 $3,910 $46,073 $7,960 $38,113
2018 $4,060 $45,866 $7,924 $37,942
2017 $3,771 $44,060 $7,612 $36,448
2016 $5,191 $42,496 $7,342 $35,154
2015 $5,444 $62,394 $9,360 $53,034
2014 $541 $61,689 $9,254 $52,435
2013 $5,444 $62,394 $9,360 $53,034
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: QC4173123

Midwest Real Estate Data (MRED)

APN: 0918476009