Seller's Agent in 2022
JD Gieson
RE/MAX
(815) 677-1873
487 Total Sales
502 E 4th St Sterling, IL 61081
Estimated Value: $97,000 - $105,000
Studio
--
Bath
2,962
Sq Ft
$34/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
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 29, 2022
Closed on
Sep 12, 2022
Sold by
Bought by
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
$24,667
Avg. Annual Appreciation
7.83%
Original Mortgage
$400,500
Outstanding Balance
$367,715
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
-$268,048
Purchase Details
Closed on
Sep 4, 2015
Sold by
Bought by
Purchase Details
Closed on
Mar 17, 2010
Sold by
Bought by
Purchase Details
Closed on
Jan 31, 2008
Sold by
Bought by
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
Bought by
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $75,000 | Chicago Title | ||
| -- | Attorney | ||
| -- | None Available | ||
| $84,000 | None Available | ||
| $54,000 | None Available |
Source: Public Records
Mortgage 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 | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $400,500 | ||
| Previous Owner | $135,500 |
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 |
|---|---|---|---|---|
| 09/12/2022 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
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 | $3,003 | $29,568 | $8,180 | $21,388 |
| 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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