NOT LISTED FOR SALE

505 Red Bud Ln Troy, IL 62294

Estimated Value: $207,043 - $305,000

-- Bed
2 Baths
2,636 Sq Ft
$100/Sq Ft Est. Value

Last Sold February 12, 2018

Last sale price $150,000 $57 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $1,819/month

Highlights

  • Attached Garage
  • Brick Veneer
  • Forced Air Heating and Cooling System
  • Henning Elementary School Rated A-

About This Home

As of February 2018

Great investment property! This large duplex has tenants on each side renting at $760/month (tenants pay all utilities). Each side has a large living room, eat-in kitchen, 2 bedrooms, 1 bath and a 1-car garage. There is laundry hook-up in both sides, as well. Kitchen appliances include range/oven, dishwasher and refrigerator. Nice flat lot and plenty of backyard space. Roof and part of siding was replaced in 2017. Windows and exterior doors are newer.

Last Agent to Sell the Property

Karen Schoenthal

RE/MAX Alliance License #475158252 Listed on: 01/11/2018

Co-Listed By

Laura Goggin

RE/MAX Alliance License #475138981

Last Buyer's Agent

Michelle Hawthorne

RE/MAX Alliance License #475130832

RE/MAX Alliance

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,600

Year Built

  • 1985

Lot Details

  • 10,001 Sq Ft Lot
  • Lot Dimensions are 80x125

Home Design

  • 2,636 Sq Ft Home
  • Duplex
  • Brick Veneer
  • Vinyl Siding

Laundry

  • Laundry in unit

Parking

  • Attached Garage
  • Basement Garage

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for all utilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,600

Year Built

1985

Lot Details

0

Listing Details

  • Property Type: Multi-Family 2-4
  • Special Description: No Exemptions
  • Age: 33
  • Ownership: Private
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1985

Interior Features

  • Misc Features: Laundry Facl-Private
  • Square Footage: 2636

Exterior Features

  • Construction: Brick Veneer Decrtv, Vinyl Siding

Garage/Parking

  • Parking: 1-2 Car Attached Grg, Basement/Tuck-Under

Utilities

  • Sewer: Public
  • Water: Public
  • Water Heater: Gas
  • Cooling: Central-Electric
  • Heating: Forced Air

Schools

  • School District: Triad DIST 2
  • Elementary School: TRIAD DIST 2
  • Middle School: TRIAD DIST 2
  • High School: Triad

Lot Info

  • Lot Dimensions: 80X125
  • Lot Sq Ft: 10001
  • Acres: 0.2296

Rental Info

  • Tenancy Type: Leases
  • Tenant Pays: All Utilities

Multi Family

  • Gross Operating Income: 18240.00
  • Units: 2
  • Type Of Units: 2-Family

Tax Info

  • Taxes Paid: 3740

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2018
Closed on
Feb 12, 2018
Sold by
J&K Moseley Inc
Bought by
Lindow Properties Llc
Seller's Agent
Karen Schoenthal
RE/MAX Alliance
Buyer's Agent
Michelle Hawthorne
RE/MAX Alliance
List Price
$159,900
Sold Price
$150,000
Premium/Discount to List
-$9,900
-6.19%
Current Estimated Value
$263,511

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,511
Avg. Annual Appreciation
6.37%
Original Mortgage
$150,000
Outstanding Balance
$127,494
Interest Rate
3.95%
Mortgage Type
New Conventional
Estimated Equity
$111,550

Purchase Details

Closed on
Oct 13, 2009
Sold by
Barczewski Nick
Bought by
J & K Moseley Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,920
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Lindow Properties Llc $150,000 Abstracts & Titles
J & K Moseley Inc $140,000 Abstracts & Titles Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lindow Properties Llc $150,000
Previous Owner J & K Moseley Inc $111,920
Previous Owner Barczewski Nick $96,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/12/2018 02/12/18 Sold $150,000 -6.2% $57 / Sq Ft
01/12/2018 01/12/18 Pending -- -- --
01/11/2018 01/11/18 For Sale $159,900 -- $61 / Sq Ft
Source: MARIS MLS

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 $4,600 $65,850 $11,180 $54,670
2023 $4,600 $59,780 $10,150 $49,630
2022 $4,291 $55,050 $9,350 $45,700
2021 $4,020 $52,320 $8,890 $43,430
2020 $4,030 $50,970 $8,660 $42,310
2019 $3,969 $49,920 $8,480 $41,440
2018 $3,880 $46,260 $7,860 $38,400
2017 $3,762 $45,300 $7,700 $37,600
2016 $3,740 $45,300 $7,700 $37,600
2015 $3,366 $43,790 $7,440 $36,350
2014 $3,366 $43,790 $7,440 $36,350
2013 $3,366 $43,790 $7,440 $36,350
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MARIS MLS

MLS Number: MIS18002219

MARIS MLS

APN: 09-2-22-05-16-402-038