NOT LISTED FOR SALE

502 E Washington St Marengo, IL 60152

Estimated Value: $329,000 - $417,000

5 Beds
2 Baths
-- Sq Ft
10,019 Sq Ft Lot

Last Sold October 01, 2024

Last sale price $384,900

Est. 2% decrease in value since last sale

Current estimated payment $2,401/month

136 Days on Market

Highlights

  • Victorian Architecture
  • 2 Car Detached Garage
  • Two Heating Systems
  • Balcony
  • Porch
  • Humidifier

About This Home

As of October 2024

This Eastlake movement duplex/multi-generational home is a dream come true! As stunning as it in on the outside, come inside to appreciate the huge windows, high ceilings, William Morris wall papers, vintage light fixtures, and all of the other Eastlake movement architectural elements. The building is comprised of two separate units that are individually metered, have their own in-unit laundry, central air conditioning units, and separate furnaces. This property can also serve well as a 5BR single-family home. Real hardwood floors throughout. The plumbing, electrical, and mechanicals were replaced in 2005. First floor windows were also replaced in 2005. Second floor storm windows and screens were added in 2005. Fully renovated and lovingly maintained by the same owner for 50 years! Top floor unit currently rented for $1,745 per month through June of 2025 with 60-day kick-out clause.

Last Agent to Sell the Property

Kevin Carroccia

@properties Christie's International Real Estate License #471010320 Listed on: 03/30/2024

@properties Christie's International Real Estate

Last Buyer's Agent

Cecille Plurad

Coldwell Banker Realty License #475146521

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,244

Year Built

  • Built in 1885

Lot Details

  • 10,019

Parking

  • 2 Car Detached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Parking Space is Owned

Home Design

  • Victorian Architecture
  • Stone Foundation
  • Shake Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Ceiling Fan

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Walk-Up Access
  • Exterior Basement Entry
  • Sump Pump
  • Stone or Rock in Basement
  • Basement Cellar

Outdoor Features

  • Balcony
  • Porch

Schools

  • Marengo High School

Utilities

  • Humidifier
  • Two Heating Systems
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,244

Year Built

Built in 1885

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Victorian
  • New Construction: No
  • Year Built: 1885
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 5
  • Other Equipment: Humidifier, TV-Cable, Ceiling Fan(s), Sump Pump
  • Basement Description: Unfinished,Cellar,Exterior Access,Concrete (Basement),Stone/Rock,Walk-Up Access
  • Below Grade Bedrooms: 0

Exterior Features

  • ExteriorFeatures: Balcony, Porch
  • Foundation Details: Concrete Perimeter, Stone
  • Roof: Shake
  • Waterfront: No
  • Exterior Building Type: Fir,Frame

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 4
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air, Sep Heating Systems - 2+, Indv Controls
  • Water Source: Public

Schools

  • High School: Marengo High School

Lot Info

  • Lot Dimensions: 10018
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 5244.38
  • Tax Year: 2022
  • Tax Exemptions: Homeowner,Senior

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 30, 2024
Closed on
Sep 30, 2024
Sold by
Carroccia Nicolo O
Bought by
Encore Properties Llc
Seller's Agent
Kevin Carroccia
@properties Christie's International Real Estate
Buyer's Agent
Cecille Plurad
Coldwell Banker Realty
List Price
$384,900
Sold Price
$384,900
Views
179
Current Estimated Value
$376,765

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$8,135
Avg. Annual Appreciation
-1.63%
Original Mortgage
$288,675
Outstanding Balance
$285,640
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$91,125

Purchase Details

Closed on
Jan 29, 2009
Sold by
Amcore Investment Group Na
Bought by
Carroccia Nicolo O
Source: Public Records
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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
Encore Properties Llc $385,000 First American Title
Carroccia Nicolo O -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Encore Properties Llc $288,675
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/01/2024 10/01/24 Sold $384,900 0.0% --
08/14/2024 08/14/24 Pending -- -- --
03/30/2024 03/30/24 For Sale $384,900 -- --
Source: Midwest Real Estate Data (MRED)

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 $5,398 $87,137 $19,329 $67,808
2023 $5,143 $76,813 $17,039 $59,774
2022 $5,244 $69,464 $15,409 $54,055
2021 $4,819 $63,293 $14,040 $49,253
2020 $4,702 $60,233 $13,361 $46,872
2019 $4,930 $57,072 $12,660 $44,412
2018 $4,525 $53,458 $11,858 $41,600
2017 $4,335 $50,637 $11,232 $39,405
2016 $4,135 $47,311 $10,494 $36,817
2013 -- $46,288 $10,267 $36,021
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12016913

Midwest Real Estate Data (MRED)

APN: 11-36-180-003