NOT LISTED FOR SALE

503 E Park St Morrison, IL 61270

Estimated Value: $143,000 - $162,000

8 Beds
4 Baths
949 Sq Ft
$157/Sq Ft Est. Value

Last Sold October 19, 2016

Last sale price $112,500 $119 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $1,122/month

80 Days on Market

About This Home

As of October 2016

Nice 4 Plex. All 2 BR units. Tenants pay electric. Some newer furnace and A/C's, carpet, linoleum and appliances. Some baths have new sink, vanity and tub surround. Each unit has own water heater and laundry hookups. 4-plex next door (501 East Park) also on the market. Seller prefers to sell them both as a package.

Last Agent to Sell the Property

Bryan Kress

RE/MAX Concepts Bettendorf License #S38196000/475.133777 Listed on: 06/14/2016

RE/MAX Concepts Bettendorf

Last Buyer's Agent

Diane Godwin-Luckey

RE/MAX Concepts Moline License #475.136001/S38270000

RE/MAX Concepts Moline

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,269

Year Built

  • Built in 1976

Lot Details

  • 7,667

Schools

  • Morrison High School

Listing and Financial Details

  • Tenant pays for electric only

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,269

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: Apartment Building
  • Legal Description: Lengthy
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Egress Window, Walk-Out
  • Price Per Sq Ft: 118.55
  • Total Sq Ft: 949

Exterior Features

  • Exterior: Vinyl Siding
  • Road Access: Curbs & Gutters

Garage/Parking

  • Number Parking Spaces: 5

Utilities

  • Heating Cooling: Electric, Forced Air, Central Air
  • Electric Expense: 1399
  • Gas Expense: 1399
  • Laundry Facilities: Private, Units Hook-Ups
  • Water Sewer Expenses: 1399

Schools

  • High School: Morrison
  • High School: Morrison

Lot Info

  • Lot Description: Level
  • Subdivision: Bull-Zuidema
  • Geo Subdivision: IL

Rental Info

  • Tenant Pays: Electric Only
  • Gross Annual Rent Income: 21720

Tax Info

  • Annual Taxes: 4269.38
  • Parcel Id Number Tax Id: 09-18-476-010
  • Tax Year: 2015

Multi Family

  • Total Number Units: 4
  • Gross Annual Income: 21720
  • Total Number Central Air Units: 4
  • Total Number Electric Meters: 4
  • Total Number Heating Units: 4
  • Total Number Water Heaters: 4
  • Total Number Water Meters: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2016
Closed on
Nov 17, 2016
Sold by
Jasper Gregory A
Bought by
501 503 E Park Street Llc
Seller's Agent
Bryan Kress
RE/MAX Concepts Bettendorf
Buyer's Agent
Diane Godwin-Luckey
RE/MAX Concepts Moline
List Price
$134,900
Sold Price
$112,500
Premium/Discount to List
-$22,400
-16.6%
Current Estimated Value
$148,983

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,483
Avg. Annual Appreciation
3.21%
Original Mortgage
$300,000
Outstanding Balance
$241,945
Interest Rate
3.48%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
-$92,962

Purchase Details

Listed on
Jun 14, 2016
Closed on
Oct 18, 2016
Sold by
Hoehn Terrance M and Hoehn Ruth M
Bought by
Jasper Gregory A
Seller's Agent
Bryan Kress
RE/MAX Concepts Bettendorf
Buyer's Agent
Diane Godwin-Luckey
RE/MAX Concepts Moline
List Price
$134,900
Sold Price
$112,500
Premium/Discount to List
-$22,400
-16.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Outstanding Balance
$241,945
Interest Rate
3.48%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
-$92,962

Purchase Details

Closed on
Oct 31, 2003
Bought by
Hoehn Terrance M
Source: Public Records

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
501 503 E Park Street Llc -- None Available
Jasper Gregory A $225,000 None Available
Hoehn Terrance M $260,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 501 503 E Park Street Llc $300,000
Closed 501 503 E Park Street Llc $300,000
Closed Jasper Gregory A $230,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/19/2016 10/19/16 Sold $112,500 -16.6% $119 / Sq Ft
09/02/2016 09/02/16 Pending -- -- --
06/14/2016 06/14/16 For Sale $134,900 -- $142 / 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 $3,744 $45,894 $2,261 $43,633
2023 $3,489 $41,782 $2,058 $39,724
2022 $3,278 $38,802 $1,911 $36,891
2021 $3,193 $37,996 $1,871 $36,125
2020 $3,252 $38,716 $1,906 $36,810
2019 $3,910 $46,073 $7,960 $38,113
2018 $4,060 $45,866 $7,924 $37,942
2017 $3,771 $44,060 $7,612 $36,448
2016 $4,173 $42,496 $7,342 $35,154
2015 $438 $50,149 $7,521 $42,628
2014 $4,346 $49,582 $7,436 $42,146
2013 $438 $50,149 $7,521 $42,628
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2016

    Bryan Kress

    RE/MAX

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Map

Source: RMLS Alliance

MLS Number: RMAQC4173119

RMLS Alliance

APN: 0918476010

Illinois Whiteside County Morrison 61270

503 E Park St, Morrison, IL

This home is located at 503 E Park St, Morrison, IL 61270 since 14 June 2016 and is currently estimated at $148,983, approximately $156 per square foot. This property was built in 1976. 503 E Park St is a home located in Whiteside County with nearby schools including Northside School, Southside School, and Morrison Junior 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.

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