NOT LISTED FOR SALE

502 Birch St Forreston, IL 61030

Forreston Neighborhood

Estimated Value: $216,014 - $278,000

-- Bed
-- Bath
3,834 Sq Ft
$62/Sq Ft Est. Value

Last Sold January 31, 2022

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

Est. 26% increase in value since last sale

Current estimated payment $1,750/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 Listed By

Rebecca Adams

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

Re/Max of Rock Valley

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,956

Year Built

  • 2003

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

Year Built

2003

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
  • Grid: O1
  • 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
  • Annual Insurance Expense: 1200
  • Number Of Floors In Bldg: 1
  • Number Of Tenants In Bldg: 2
  • Number Of Units In Bldg: 3
  • Potential Income: 23100
  • 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
  • L O1 Brokerage Number: 477013775
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built (Public Record): 2003

Interior Features

  • Price Per Sq Ft: 48.25

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

Schools

  • School District: ForestVille Valley 221
  • Elementary School: ForestVille Valley 221
  • Middle School: ForestVille Valley 221
  • High School: ForestVille Valley 221

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%
Total Days on Market
110
Current Estimated Value
$232,565

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,565
Avg. Annual Appreciation
7.84%
Original Mortgage
$138,750
Outstanding Balance
$130,835
Interest Rate
4.13%
Mortgage Type
New Conventional
Estimated Equity
$105,419

Purchase Details

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

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
Whitehead Cody $181,000 None Available
Jacobrek Michael R $215,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Whitehead Cody $138,750
Previous Owner Jaborek Michael R $17,446
Previous Owner Jaborek Michael R $15,216
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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 $5,456 $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

    187 Total Sales

    Rebecca Adams
    Section Image

  • N

    Buyer's Agent in 2022

    NON-NWIAR Member

    NorthWest Illinois Alliance of REALTORS®

    (815) 395-6776

    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 Forreston

502 Birch St, Forreston, IL

Homes for Sale in Forreston, IL

This home is located at 502 Birch St, Forreston, IL 61030 since 01 September 2021 and is currently estimated at $236,254, approximately $61 per square foot. This property was built in 2003. 502 Birch St is a home located in Ogle County with nearby schools including Forreston 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.

NorthWest Illinois Alliance of REALTORS® 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.