NOT LISTED FOR SALE

502 N Elizabeth St Colchester, IL 62326

Estimated Value: $53,000 - $111,822

4 Beds
2 Baths
1,584 Sq Ft
$49/Sq Ft Est. Value

Last Sold September 17, 2018

Last sale price $42,000 $27 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $554/month

99 Days on Market

About This Home

As of September 2018

Great investment opportunity in this Colchester duplex built in 1983. Each unit has 2 bedrooms, living room, kitchen and bath with stackable washers/dryers. Appliances included and tenants pay all utilities. Heating & cooling units are 10 years old and siding and roof are 5 years old. Ready to go and priced at $49,500. Property is actually 502 and 504 N. Elizabeth St.

Last Agent to Sell the Property

Paula Clark

Key, REALTORS License #475103618 Listed on: 05/14/2018

Last Buyer's Agent

Larry Rickard

Key, REALTORS License #475130497

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1983

Lot Details

  • 0.28

Interior Spaces

  • 1-Story Property

Schools

  • West Prairie Elementary School
  • West Prairie High School

Listing and Financial Details

  • Tenant pays for all utilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: 1 Story
  • Legal Description: W1/2 S PT Lot 6 SE Se, Sec12 T5-R4
  • Lvt Date: 05/14/2018
  • Year Built: 1983
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Slab
  • Price Per Sq Ft: 26.52
  • Total Sq Ft: 1584

Exterior Features

  • Exterior: Aluminum Siding, Vinyl Siding
  • Road Access: Paved
  • Roofing: Metal

Garage/Parking

  • Number Parking Spaces: 4

Utilities

  • Heating Cooling: Electric
  • Water Sewer: Public Sewer, Public Water
  • Laundry Facilities: Private, Owned Equipment

Schools

  • Elementary School: West Prairie
  • Middle School: West Prairie
  • High School: West Prairie
  • Elementary School: West Prairie
  • High School: West Prairie

Lot Info

  • Estimated Lot Size: .28 acres
  • Estimated Number of Acres: 0.28
  • Lot Description: Level
  • Subdivision: Not Available
  • Geo Subdivision: IL

Rental Info

  • Tenant Pays: All Utilities
  • Gross Annual Rent Income: 11040
  • Lease Information: 1 Year

Tax Info

  • Annual Taxes: 2483.26
  • Parcel Id Number Tax Id: 05-000-326-05
  • Tax Year: 2017

Multi Family

  • Total Number Units: 2
  • Total Number Central Air Units: 2
  • Total Number Electric Meters: 2
  • Total Number Heating Units: 2
  • Total Number Water Heaters: 2
  • Total Number Water Meters: 2

MLS Schools

  • Middle School: West Prairie

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 25, 2021
Sold by
Cady Erika A
Bought by
Denney Beck Investments Llc
Current Estimated Value
$77,956

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Outstanding Balance
$82,541
Interest Rate
2.9%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$4,411

Purchase Details

Listed on
May 14, 2018
Closed on
Sep 11, 2018
Sold by
Haines Leonard O and Haines Shirley A
Bought by
Bean Cahrles A and Cardy Erika A
Seller's Agent
Paula Clark
Key, REALTORS
Buyer's Agent
Larry Rickard
Key, REALTORS
List Price
$49,500
Sold Price
$42,000
Premium/Discount to List
-$7,500
-15.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.29%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Denney Beck Investments Llc $100,000 Attorney
Bean Cahrles A $42,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Denney Beck Investments Llc $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/17/2018 09/17/18 Sold $42,000 -15.2% $27 / Sq Ft
08/21/2018 08/21/18 Pending -- -- --
05/14/2018 05/14/18 For Sale $49,500 -- $31 / Sq Ft
Source: RMLS Alliance

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 $1,592 $15,603 $2,824 $12,779
2023 $1,522 $14,763 $2,672 $12,091
2022 $1,459 $14,040 $2,541 $11,499
2021 $1,423 $13,747 $2,488 $11,259
2020 $1,392 $15,963 $2,446 $13,517
2019 $1,404 $13,741 $2,487 $11,254
2018 $2,453 $24,605 $2,534 $22,071
2017 $2,483 $24,605 $2,534 $22,071
2016 $2,436 $24,122 $2,484 $21,638
2015 $2,420 $23,721 $2,443 $21,278
2014 $2,175 $23,365 $2,406 $20,959
2013 $2,118 $22,043 $2,270 $19,773
Source: Public Records

Agents Affiliated with this Home

  • Paula Clark

    Seller's Agent in 2018

    Paula Clark

    Key, REALTORS

    (309) 333-5311

    108 Total Sales

    Paula Clark
    Section Image

  • L

    Buyer's Agent in 2018

    Larry Rickard

    Key, REALTORS

    Section Image
See All Agents

Map

Source: RMLS Alliance

MLS Number: RMAPA1194305

RMLS Alliance

APN: 05-000-326-05

Illinois Mcdonough County Colchester 62326

502 N Elizabeth St, Colchester, IL

This home is located at 502 N Elizabeth St, Colchester, IL 62326 since 14 May 2018 and is currently estimated at $77,956, approximately $49 per square foot. This property was built in 1983. 502 N Elizabeth St is a home located in McDonough County with nearby schools including West Prairie 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.

RMLS Alliance 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.

Nearby Homes