NOT LISTED FOR SALE

502 Birch St Forreston, IL 61030

Estimated Value: $186,000 - $243,000

-- Bed
-- Bath
3,834 Sq Ft
$59/Sq Ft Est. Value

Last Sold January 31, 2022

Last sale price $185,000 $48 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $1,671/month

110 Days on Market

Highlights

  • Deck
  • 1-Story Property
  • Baseboard Heating

About This Home

As of January 2022

Investor’s Dream! This 3 family unit in the heart of Forreston is on a quiet road yet close to schools and downtown. Each unit is 1278 sq. ft. and has 2BR, 1 BA w/ 2 separate sinks for privacy, large living room, kitchen, utility room w/ washer/dryer hookup. Kitchen has dishwasher, stove, refrigerator, pantry and patio door to private deck. MBR has large walk-in closet. All electric utilities. 2 car garage with opener. Easy to rent. Unit 502: deck ‘21, A/C unit 3 years; Unit 504: deck ‘21, water heater ‘16, A/C unit 2 years old, new garage door on order; Unit 506: deck ‘18, A/C unit 3-4 years old, water heater 2-3 years old. Roof original.

Last Agent to Sell the Property

Rebecca Adams

Re/Max of Rock Valley License #475131258 Listed on: 09/01/2021

Last Buyer's Agent

NON-NWIAR Member

NorthWest Illinois Alliance of REALTORS®

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,956

Lot Details

  • 0.37

Home Design

  • Shingle Roof
  • Vinyl Siding
  • Siding

Interior Spaces

  • 3,834 Sq Ft Home
  • 1-Story Property

Kitchen

  • Stove
  • Range
  • Dishwasher

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Outdoor Features

  • Deck

Schools

  • Forestville Valley 221 Elementary And Middle School
  • Forestville Valley 221 High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Separate Meters
  • Separate Water Meter
  • Electric Water Heater

Community Details

  • 3 Units
  • 1-Story Building

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,956

Lot Details

0

Listing Details

  • Electric: Circuit Breaker
  • Appliances That Stay or Are Included: Dishwasher, Refrigerator, Stove/Cooktop
  • Class: MULTIFAMILY
  • Estimated Above Grade Sq Ft: 3834
  • Front: 160
  • General Features: Deck, Laundry in Unit, Main Floor Master
  • Legal Description: RNG/BLK: TWP:0 SECT/LOT: S2 LOT 8 & ALL LOTS 9 & 10 BLK 9 NEAL'S ADD VIL OF FORRESTON
  • Lvt Date: 09/01/2021
  • Rear: 160
  • Side 1: 100
  • Side 2: 100
  • Style: 1 Story
  • Type: 3 - 4 Units
  • Number Of Floors In Bldg: 1
  • Number Of Tenants In Bldg: 2
  • Number Of Units In Bldg: 3
  • Agent Only_ L A1 User Code: 3909
  • Elementary School: ForestVille Valley 221
  • Estimated Total Finished Sq Ft: 3834
  • Hold Earnest Money Y N: No
  • Pertinent Facts: Investor’s Dream! This 3 family unit in the heart of Forreston is on a quiet road yet close to schools and downtown. Each unit is 1278 sq. ft. and has 2BR, 1 BA w/ 2 separate sinks for privacy, large living room, kitchen, utility room w/ washer/dryer hookup. Kitchen has dishwasher, stove, refrigerator, pantry and patio door to private deck. MBR has large walk-in closet. All electric utilities. 2 car garage with opener. Easy to rent. Unit 502: deck ‘21, A/C unit 3 years; Unit 504: deck ‘21, water heater ‘16, A/C unit 2 years old, new garage door on order; Unit 506: deck ‘18, A/C unit 3-4 years old, water heater 2-3 years old. Roof original.
  • Designated Managing Broker Y N: No
  • Potential Annual Expenses: 1220
  • Separate Electric: Yes
  • Separate Heat: Yes
  • Separate Water Y N: Yes
  • Washer Dryer Coin Operated: No
  • Washer Dryer Hookups: Yes
  • Washer Dryer: No
  • Estimated Above Grade Sq Ft: 3834
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior: Siding, Vinyl
  • Roof: Shingle

Garage/Parking

  • Total Numberof Parking Spaces: 6

Utilities

  • Cooling: Wall Unit
  • Heating: Baseboard, Electric
  • Sewer: City
  • Water: City
  • Water Heater: Electric
  • Separate Utilities: Yes

Tax Info

  • Year: 2020
  • Taxes: 4956

MLS Schools

  • HighSchool: ForestVille Valley 221
  • School District: ForestVille Valley 221
  • Middle School: ForestVille Valley 221

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2021
Closed on
Jan 26, 2022
Sold by
Jaborek Michael R and Jaborek Lea K
Bought by
Whitehead Cody and Hummermeier Michael
Seller's Agent
Rebecca Adams
Re/Max of Rock Valley
Buyer's Agent
NON-NWIAR Member
NorthWest Illinois Alliance of REALTORS®
List Price
$199,900
Sold Price
$185,000
Premium/Discount to List
-$14,900
-7.45%
Current Estimated Value
$225,135

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,135
Avg. Annual Appreciation
5.19%

Purchase Details

Closed on
Sep 22, 2006
Sold by
Oracki Debra J
Bought by
Jacobrek Michael R and Jacobrek Lea K
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Whitehead Cody $181,000 None Available
Jacobrek Michael R $215,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2022 01/31/22 Sold $185,000 -7.5% $48 / Sq Ft
12/20/2021 12/20/21 Pending -- -- --
09/01/2021 09/01/21 For Sale $199,900 -- $52 / Sq Ft
Source: NorthWest Illinois Alliance of REALTORS®

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 $5,839 $66,294 $3,999 $62,295
2023 $5,456 $61,836 $3,730 $58,106
2022 $5,174 $56,580 $3,413 $53,167
2021 $5,071 $55,168 $3,328 $51,840
2020 $4,956 $54,192 $3,269 $50,923
2019 $4,856 $51,983 $3,136 $48,847
2018 $4,672 $49,336 $3,136 $46,200
2017 $4,744 $49,336 $3,136 $46,200
2016 $4,941 $48,166 $3,062 $45,104
2015 $4,537 $47,037 $2,990 $44,047
2014 $4,567 $47,037 $2,990 $44,047
2013 $4,660 $48,208 $3,064 $45,144
Source: Public Records

Agents Affiliated with this Home

  • Rebecca Adams

    Seller's Agent in 2022

    Rebecca Adams

    RE/MAX

    (815) 509-5837

    1 in this area

    179 Total Sales

    Rebecca Adams
    Section Image

  • N

    Buyer's Agent in 2022

    NON-NWIAR Member

    NorthWest Illinois Alliance of REALTORS®

    NON-NWIAR Member
    Section Image
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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202105555

NorthWest Illinois Alliance of REALTORS®

APN: 02-33-212-010

Illinois Ogle County Forreston 61030

502 Birch St, Forreston, IL

Not Listed for Sale

MultiFamily

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