$34,000
SOLD JUL 19, 2024

505 7th Ave Rock Falls, IL 61071

3 Beds
2 Baths
1,372 Sq Ft
6,970 Sq Ft Lot

Recently Sold

$25 Per Sq Ft

60% Below List Price

156 Days on Market

Highlights

  • Living Room with Fireplace
  • Attic
  • 1 Car Detached Garage
  • Rock Falls Middle School Rated 9+
  • Formal Dining Room
  • Forced Air Heating and Cooling System

About This Home

As of April 2025

3 Bed, 2 Full Bath, 1 Car Garage with Workshop. Lots of charm can be found in this home with built in cabinets, 2 fireplaces, and sliding doors that lead to an interesting rear deck. The primary bedroom features an attached private bathroom and the basement could be finished for additional living space. With some vision and repairs this home could be restored to its former glory. Home is being sold as-is with utilities off and inspections are for information purposes only. All personal property will remain with the home.

Last Agent to Sell the Property

Cheyenne Khounnha

Landmark Realty of Illinois LLC License #475165377 Listed on: 01/19/2024

Co-Listed By

Janelle McCarter

Landmark Realty of Illinois LLC License #471004781

Last Buyer's Agent

Edwardo Castillo

RE/MAX Sauk Valley License #475194568

RE/MAX Sauk Valley

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1940

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 50 x 138

Parking

  • 1 Car Detached Garage
  • Parking Included in Price

Home Design

  • Wood Siding

Interior Spaces

  • 1,372 Sq Ft Home
  • 1.5-Story Property
  • Living Room with Fireplace
  • 2 Fireplaces
  • Formal Dining Room
  • Pull Down Stairs to Attic

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Full Bathrooms

Unfinished Basement

  • Partial Basement
  • Fireplace in Basement

Schools

  • Rock Falls Township High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions
  • Senior Freeze Tax Exemptions

Home Details

Home Type

Single Family

Year Built

Built in 1940

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1.5 Story
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 1.5 Story
  • Year Built: 1940
  • Age: 81-90 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • MonthToMonthYN: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Partial
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplaces: 2
  • LivingArea: 1372
  • Room Type: Attic
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • Fireplace Location: Living Room,Basement
  • Total Sq Ft: 0
  • Attic: Interior Stair
  • ResoLivingAreaSource: Estimated

Exterior Features

  • List Price: 38000
  • Waterfront: No
  • Exterior Building Type: Wood Siding

Garage/Parking

  • Garage Spaces: 1
  • ParkingTotal: 1
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • High School: Rock Falls Township High School
  • Middle/Junior School District: 13

Lot Info

  • Lot Size Acres: 0.16
  • Lot Dimensions: 50 X 138
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 1904.88
  • Tax Year: 2023
  • Tax Exemptions: Homeowner,Senior,Senior Freeze

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2025
Closed on
Apr 30, 2025
Sold by
Deleon Rosario
Bought by
Hoh John and Hoh Katherine
Seller's Agent
Edwardo Castillo
RE/MAX Sauk Valley
Buyer's Agent
Alejandro Rivera
RE/MAX Sauk Valley
List Price
$154,900
Sold Price
$154,900
Views
141

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.40%
Original Mortgage
$12,800
Outstanding Balance
$12,789
Interest Rate
6.76%
Mortgage Type
Credit Line Revolving
Estimated Equity
$140,230

Purchase Details

Listed on
Jan 19, 2024
Closed on
Jul 16, 2024
Sold by
Mintun Patricia M
Bought by
Mortgage Assets Management Series I Trust and Bank Of New York Mellon Trust
Seller's Agent
Cheyenne Khounnha
Landmark Realty of Illinois LLC
Buyer's Agent
Edwardo Castillo
RE/MAX Sauk Valley
List Price
$85,000
Sold Price
$34,000
Premium/Discount to List
-$51,000
-60%
Views
609

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
598.75%

Purchase Details

Listed on
Jan 19, 2024
Closed on
Jun 25, 2024
Sold by
Riverview Hecm Trust and Wells Fargo Bank Na
Bought by
Deleon Rosario
Seller's Agent
Cheyenne Khounnha
Landmark Realty of Illinois LLC
Buyer's Agent
Edwardo Castillo
RE/MAX Sauk Valley
List Price
$85,000
Sold Price
$34,000
Premium/Discount to List
-$51,000
-60%
Views
609

Purchase Details

Closed on
Dec 21, 2023
Sold by
Mintun Patricia M
Bought by
Mtg Assets Mgmt Series I Trust and Bank/Ny Mellon Trust
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $155,000 None Listed On Document
Quit Claim Deed -- None Listed On Document
Special Warranty Deed $34,000 None Listed On Document
Quit Claim Deed -- None Listed On Document
Deed In Lieu Of Foreclosure -- Servicelink
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $12,800 Credit Line Revolving
Open $139,410 New Conventional
Previous Owner $123,000 Reverse Mortgage Home Equity Conversion Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2025 04/30/25 Sold $154,900 0.0% $97 / Sq Ft
03/13/2025 03/13/25 Pending -- -- --
03/10/2025 03/10/25 For Sale $154,900 0.0% $97 / Sq Ft
03/06/2025 03/06/25 Pending -- -- --
02/27/2025 02/27/25 For Sale $154,900 +355.6% $97 / Sq Ft
07/19/2024 07/19/24 Sold $34,000 -10.5% $25 / Sq Ft
06/24/2024 06/24/24 Pending -- -- --
05/11/2024 05/11/24 Price Changed $38,000 -5.0% $28 / Sq Ft
04/10/2024 04/10/24 Price Changed $40,000 -50.5% $29 / Sq Ft
03/04/2024 03/04/24 Price Changed $80,750 -5.0% $59 / Sq Ft
01/19/2024 01/19/24 For Sale $85,000 -- $62 / Sq Ft
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 $4,174 $38,050 $5,320 $32,730
2023 $1,905 $35,091 $4,906 $30,185
2022 $1,964 $33,086 $4,626 $28,460
2021 $1,996 $31,302 $4,377 $26,925
2020 $2,033 $30,767 $4,302 $26,465
2019 $1,997 $29,666 $4,148 $25,518
2018 $1,911 $29,005 $4,056 $24,949
2017 $1,946 $28,461 $3,980 $24,481
2016 $1,942 $27,982 $3,913 $24,069
2015 $1,850 $29,394 $4,111 $25,283
2014 $1,893 $28,609 $4,001 $24,608
2013 $1,850 $29,394 $4,111 $25,283
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11964061

Midwest Real Estate Data (MRED)

APN: 1128408003