Seller's Agent in 2022
JD Gieson
RE/MAX
(815) 677-1873
119 in this area
492 Total Sales
502 E 4th St Sterling, IL 61081
Estimated Value: $92,000 - $100,000
Studio
--
Bath
2,962
Sq Ft
$33/Sq Ft
Est. Value
Highlights
- Baseboard Heating
- Coin Laundry
- Washer and Dryer
About This Home
As of September 2022Investment opportunity! Cash flowing multi family in the heart of Sterling, just blocks from downtown. This property features 4 main floor & upstairs units; as well as additional income potential from the partially finished basement and garage, each rented separately, and coin laundry. Generating over $800/mo additionally. Owner pays all utilities.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,078
Lot Details
- 8,494
Home Design
- Shingle Roof
Interior Spaces
- 2,962 Sq Ft Home
- 2-Story Property
- Basement Fills Entire Space Under The House
- Washer and Dryer
Kitchen
- Oven
- Range
Utilities
- Baseboard Heating
- Hot Water Heating System
- Gas Water Heater
Community Details
Overview
- 4 Units
- 2-Story Building
Amenities
- Coin Laundry
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 29, 2022
Closed on
Sep 12, 2022
Sold by
Rogers Jr Charles A
Bought by
Rentco Llc
Seller's Agent
JD Gieson
Re/Max of Rock Valley
Buyer's Agent
JD Gieson
Re/Max of Rock Valley
List Price
$89,900
Sold Price
$75,000
Premium/Discount to List
-$14,900
-16.57%
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
$22,333
Avg. Annual Appreciation
7.93%
Original Mortgage
$400,500
Outstanding Balance
$374,131
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
-$277,131
Purchase Details
Closed on
Sep 4, 2015
Sold by
Chuckwagon Inn Corporation
Bought by
Rogers Charles A
Purchase Details
Closed on
Mar 17, 2010
Sold by
Rogers Charles A and Rogers Arlene E
Bought by
Chuckwagon Inn Corporation
Purchase Details
Closed on
Jan 31, 2008
Sold by
Stevens E Earl and Stevens Comella
Bought by
Rogers Charles A and Rogers Arlene E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,500
Interest Rate
6.22%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 29, 2006
Sold by
Ordean John C
Bought by
Stevens E Earl and Stevens Comella A
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Rentco Llc | $75,000 | Chicago Title | |
| Rogers Charles A | -- | Attorney | |
| Chuckwagon Inn Corporation | -- | None Available | |
| Rogers Charles A | $84,000 | None Available | |
| Stevens E Earl | $54,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Rentco Llc | $400,500 | |
| Previous Owner | Rogers Charles A | $135,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/12/2022 09/12/22 | Sold | $75,000 | -16.6% | $25 / Sq Ft |
| 08/03/2022 08/03/22 | Pending | -- | -- | -- |
| 07/29/2022 07/29/22 | For Sale | $89,900 | -- | $30 / Sq Ft |
Source: NorthWest Illinois Alliance of REALTORS®
Tax History Compared to Growth
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 | $2,902 | $27,834 | $7,700 | $20,134 |
| 2023 | $2,739 | $26,128 | $7,228 | $18,900 |
| 2022 | $3,282 | $30,714 | $6,915 | $23,799 |
| 2021 | $3,167 | $28,964 | $6,521 | $22,443 |
| 2020 | $3,079 | $27,950 | $6,293 | $21,657 |
| 2019 | $3,059 | $27,443 | $6,179 | $21,264 |
| 2018 | $3,027 | $27,487 | $6,189 | $21,298 |
| 2017 | $3,033 | $27,299 | $6,147 | $21,152 |
| 2016 | $2,955 | $26,419 | $5,949 | $20,470 |
| 2015 | $2,826 | $27,145 | $6,113 | $21,032 |
| 2014 | $2,820 | $26,542 | $5,977 | $20,565 |
| 2013 | $2,826 | $27,145 | $6,113 | $21,032 |
Source: Public Records
Agents Affiliated with this Home
-
JD Gieson
Map
Source: NorthWest Illinois Alliance of REALTORS®
MLS Number: 202205008
APN: 1122308001
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