NOT LISTED FOR SALE

501 N Locust St Unit 1 -2 Tremont, IL 61568

Estimated Value: $357,000 - $397,000

6 Beds
4 Baths
3,066 Sq Ft
$123/Sq Ft Est. Value

Last Sold June 20, 2013

Last sale price $250,000 $82 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $2,672/month

87 Days on Market

About This Home

As of June 2013

This Duplex has TWO 3 bedroom units, each has 2 full Baths, a 2 car garage, a wood deck, and another room which could be used as a den, sewing room, music room or a playroom or gameroom. [Garbage, Electric, Gas, & Water/Sewer paid by Tenant.] This was designed for long term tenants. Well maintained with a nearly new look. Live in one side and use the income from the other unit to pay down the mortgage. Good neighborhood with many newer homes on the street. Each unit is the same size with a reverse floor plan. (See floor plan in Virtual Tour)

Last Agent to Sell the Property

Jim Evans

Keller Williams Premier Realty License #471004644 Listed on: 03/04/2013

Last Buyer's Agent

Gene Pflederer

RE/MAX Traders Unlimited License #475126366

RE/MAX Traders Unlimited

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,837

Year Built

  • Built in 1996

Lot Details

  • 0.32

Home Design

  • Duplex

Parking

  • Garage
  • Garage Door Opener

Schools

  • Tremont Elementary School
  • Tremont High School

Additional Features

  • Crawl Space
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,837

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: Duplex/Side by Side
  • Legal Description: SEC 13 T24N R4W NORTHFIELD PARK SUBD LOT 10 NE1/4
  • Year Built: 1996
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Cable Tv Available, Garage Door Opener(s)
  • Basement: Crawl Space
  • Price Per Sq Ft: 81.54
  • Total Sq Ft: 3066

Exterior Features

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

Garage/Parking

  • Garage Parking: Attached
  • Number Parking Spaces: 4

Utilities

  • Heating Cooling: Gas, Central Air, Water Heater - Gas
  • Water Sewer: Public Sewer, Public Water
  • Laundry Facilities: Private, Units Hook-Ups

Schools

  • Elementary School: Tremont
  • Middle School: Tremont
  • High School: Tremont
  • Elementary School: Tremont
  • High School: Tremont

Lot Info

  • Estimated Lot Size: 110 X 126
  • Lot Description: Corner, Level
  • Subdivision: Northfield Park
  • Geo Subdivision: IL

Rental Info

  • Tenant Pays: All Utilities
  • Gross Annual Rent Income: 24000
  • Lease Information: 1 Year

Tax Info

  • Annual Taxes: 5836.54
  • Parcel Id Number Tax Id: 11-11-13-202-022
  • Tax Year: 2011

Multi Family

  • Total Number Units: 2
  • Gross Annual Income: 24000
  • Total Number Central Air Units: 2
  • Total Number Electric Meters: 2
  • Total Number Gas Meters: 2
  • Total Number Heating Units: 2
  • Total Number Water Heaters: 2
  • Total Number Water Meters: 2

MLS Schools

  • Middle School: Tremont

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2013
Closed on
Jun 13, 2013
Sold by
Bogardus Robert K and Scott Rita F
Bought by
Sinn Scott
Seller's Agent
Jim Evans
Keller Williams Premier Realty
Buyer's Agent
Gene Pflederer
RE/MAX Traders Unlimited
List Price
$279,900
Sold Price
$250,000
Premium/Discount to List
-$29,900
-10.68%
Current Estimated Value
$368,938

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,938
Avg. Annual Appreciation
2.90%
Source: Public Records

Range of Values:

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Average Value
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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
Sinn Scott $250,000 Peoria Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2013 06/20/13 Sold $250,000 -10.7% $82 / Sq Ft
05/30/2013 05/30/13 Pending -- -- --
03/04/2013 03/04/13 For Sale $279,900 -- $91 / 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 $7,616 $106,840 $7,580 $99,260
2023 $7,616 $98,090 $6,960 $91,130
2022 $7,395 $91,320 $6,480 $84,840
2021 $7,181 $87,810 $6,230 $81,580
2020 $7,106 $86,090 $6,110 $79,980
2019 $7,117 $86,090 $6,110 $79,980
2018 $6,988 $86,090 $6,110 $79,980
2017 $6,827 $85,640 $6,110 $79,530
2016 $6,734 $84,780 $6,050 $78,730
2015 $6,411 $0 $0 $0
2013 $6,324 $81,670 $5,830 $75,840
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2013

    Jim Evans

    Keller Williams Premier Realty

  • Gene Pflederer

    Buyer's Agent in 2013

    Gene Pflederer

    RE/MAX

    (309) 253-6800

    165 Total Sales

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Map

Source: RMLS Alliance

MLS Number: RMAPA1142064

RMLS Alliance

APN: 11-11-13-202-022

Illinois Tazewell County Tremont 61568

501 N Locust St Unit 1 -2, Tremont, IL

This home is located at 501 N Locust St Unit 1 -2, Tremont, IL 61568 since 04 March 2013 and is currently estimated at $376,940, approximately $122 per square foot. This property was built in 1996. 501 N Locust St Unit 1 -2 is a home located in Tazewell County with nearby schools including Tremont Elementary School, Tremont Middle School, and Tremont High 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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