Malcolm Payne
Payne Realty GA
(470) 747-6786
155 Total Sales
3 in Midtown District
$35K - $176K Price Range
502 7th St Unit 201 Rockford, IL 61104
Midtown District NeighborhoodEstimated Value: $159,000 - $190,000
2
Beds
1.5
Baths
1,105
Sq Ft
--
Built
Highlights
- Fitness Center
- Wood Flooring
- Sundeck
- Lock-and-Leave Community
- Party Room
- Elevator
About This Home
As of September 2025Unique Condo at Lantow Lofts Above Katie's Cup! This exceptional corner-unit condo in the Lantow Lofts offers a perfect blend of modern amenities and historic charm. Located above Katie's Cup, this 2-bedroom, 1.5-bath home boasts high 12 -foot ceilings, exposed brick walls, and large 8-foot windows that flood the space with natural light. The open-concept layout is perfect for both living and entertaining, with hardwood floors throughout the living, dining, and work/study areas. The kitchen features maple cabinetry, granite countertops, and a large island, while the master bedroom includes an en-suite bath and stacked washer/dryer. A 1/2 bath off the kitchen adds convenience for guests. Enjoy two secure parking spaces in the garage, which are equipped with electric car chargers, as well as a 7x12 private storage unit in the basement. Residents also have access to a fitness gym and a spacious rooftop patio. The building itself is very secure, with controlled access, ensuring peace of mind for all. This Green building with geothermal heat for low utility bills also offers a coffee shop on the ground floor and is Pet Free, Smoke Free and No rentals allowed, ensuring a well-maintained and private living environment. Buyer to verify all information including taxes, schools, dimensions.
Last Agent to Sell the Property
Dickerson & Nieman Realtors - Rockford Listed on: 07/21/2025
Last Buyer's Agent
Non Member
NON MEMBER
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Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,970
Year Renovated
- 2004
HOA Fees
- $400 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- Garage Door Opener
- Parking Included in Price
Home Design
- Entry on the 2nd floor
- Brick Exterior Construction
Interior Spaces
- 1,105 Sq Ft Home
- 3-Story Property
- Family Room
- Living Room
- Dining Room
- Wood Flooring
- Intercom
- Laundry Room
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Potential Bedrooms
Finished Basement
- Basement Fills Entire Space Under The House
- Finished Basement Bathroom
- Basement Storage
Utilities
- Central Air
- Geothermal Heating and Cooling
Community Details
Overview
- Association fees include parking, insurance, security, exercise facilities
- 7 Units
- Association Phone (815) 977-0800
- Lock-and-Leave Community
- Accessible Features in Community
Amenities
- Sundeck
- Restaurant
- Party Room
- Elevator
- Community Storage Space
Recreation
- Fitness Center
Pet Policy
- No Pets Allowed
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 21, 2025
Closed on
Sep 3, 2025
Sold by
Cheryl L Debes Trust and Debes Cheryl L
Bought by
Seller's Agent
Julie Holen
Dickerson & Nieman Realtors - Rockford
Buyer's Agent
Non Member
NON MEMBER
List Price
$162,500
Sold Price
$158,500
Premium/Discount to List
-$4,000
-2.46%
Views
60
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,749
Avg. Annual Appreciation
8.04%
Purchase Details
Closed on
Mar 9, 2021
Sold by
Debes Cheryl L
Bought by
Cheryl L Debes Trust
Purchase Details
Closed on
Mar 28, 2017
Sold by
Zion Dev Corp
Bought by
Debes Cheryl
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Midtown District, IL
-
Malcolm Payne
-
Amanda Clark
Amanda Clark
Gambino Realtors
(815) 623-0164
119 Total Sales
2 in Midtown District
$35,500 Price Range
-
Jason Rosenberg
Jason Rosenberg
Infiniti Properties, Inc.
(833) 324-4132
172 Total Sales
1 in Midtown District
$125,000 Price
-
Steven Niemczyk
Steven Niemczyk
Door to Door Realty
(779) 256-5447
78 Total Sales
1 in Midtown District
$32,500 Price
-
Gustavo Vargas
Gustavo Vargas
RE/MAX Partners
(708) 554-7307
82 Total Sales
1 in Midtown District
$155,000 Price
-
Rion Tovar-South
Rion Tovar-South
Weichert Realtors - Tovar Properties
(815) 912-0170
175 Total Sales
4 in Midtown District
$79K - $91K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $158,500 | None Listed On Document | ||
| Cheryl L Debes Trust | -- | None Listed On Document | |
| Debes Cheryl | $85,000 | -- |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/03/2025 09/03/25 | Sold | $158,500 | -2.5% | $143 / Sq Ft |
| 08/11/2025 08/11/25 | Pending | -- | -- | -- |
| 07/21/2025 07/21/25 | For Sale | $162,500 | -- | $147 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $4,584 | $53,561 | $965 | $52,596 |
| 2024 | $4,555 | $48,067 | $866 | $47,201 |
| 2023 | $4,970 | $47,860 | $764 | $47,096 |
| 2022 | $4,888 | $42,778 | $683 | $42,095 |
| 2021 | $4,807 | $39,224 | $626 | $38,598 |
| 2020 | $4,768 | $37,081 | $592 | $36,489 |
| 2019 | $4,735 | $35,342 | $564 | $34,778 |
| 2018 | $4,769 | $33,307 | $532 | $32,775 |
| 2017 | $4,729 | $31,876 | $509 | $31,367 |
| 2016 | $4,725 | $31,278 | $499 | $30,779 |
| 2015 | $4,784 | $31,278 | $499 | $30,779 |
| 2014 | $4,796 | $32,239 | $624 | $31,615 |
Source: Public Records
Agents Affiliated with this Home
-
Julie Holen
Seller's Agent in 2025
Julie Holen
Dickerson & Nieman Realtors - Rockford
(815) 227-9560
3 in this area
46 Total Sales
-
NM
Buyer's Agent in 2025
Non Member
NON MEMBER
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12427320
APN: 11-26-290-003
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.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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