NOT LISTED FOR SALE

501 E Park St Morrison, IL 61270

Estimated Value: $144,581 - $152,000

8 Beds
4 Baths
949 Sq Ft
$156/Sq Ft Est. Value

Last Sold October 19, 2016

Last sale price $112,500 $119 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $1,088/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

  • 8,799

Basement

  • Walk-Out Basement
  • Basement Window Egress

Schools

  • Morrison High School

Listing and Financial Details

  • Tenant pays for electric only

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,312

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: Apartment Building
  • Legal Description: Lengthy
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Egress Window, Walk-Out
  • Price Per Sq Ft: 118.55
  • Total Sq Ft: 949

Exterior Features

  • Exterior: Vinyl Siding
  • Road Access: Curbs & Gutters

Garage/Parking

  • Number Parking Spaces: 5

Utilities

  • Heating Cooling: Electric, Forced Air, Central Air
  • Gas Expense: 1133
  • Laundry Facilities: Private, Units Hook-Ups

Schools

  • High School: Morrison

Lot Info

  • Estimated Lot Size: 80x110.15
  • Lot Description: Corner, Level
  • Subdivision: Bull-Zuidema
  • Geo Subdivision: IL

Rental Info

  • Tenant Pays: Electric Only
  • Gross Annual Rent Income: 22080

Tax Info

  • Annual Taxes: 5311.88
  • Parcel Id Number Tax Id: 09-18-476-009
  • Tax Year: 2015

Multi Family

  • Total Number Units: 4
  • Gross Annual Income: 22080
  • Total Number Central Air Units: 4
  • Total Number Electric Meters: 4
  • Total Number Heating Units: 4
  • Total Number Water Heaters: 4
  • Total Number Water Meters: 1

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
$148,145

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,645
Avg. Annual Appreciation
3.04%
Original Mortgage
$230,000
Outstanding Balance
$184,505
Interest Rate
3.48%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$36,360

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
-$36,360

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% $119 / Sq Ft
09/02/2016 09/02/16 Pending -- -- --
06/14/2016 06/14/16 For Sale $134,900 -- $142 / 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 $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

  • B

    Seller's Agent in 2016

    Bryan Kress

    RE/MAX

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Map

Source: RMLS Alliance

MLS Number: RMAQC4173123

RMLS Alliance

APN: 0918476009

Illinois Whiteside County Morrison 61270

501 E Park St, Morrison, IL

Not Listed for Sale

MultiFamily

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