NOT LISTED FOR SALE

505 Red Bud Ln Troy, IL 62294

Troy Area

Estimated Value: $213,545 - $280,000

Studio
2 Baths
2,636 Sq Ft
$90/Sq Ft Est. Value

Sale Details

Date Sold: February 12, 2018

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

Est. 59% increase in value since last sale

Current estimated payment $1,705 / mo

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

RE/MAX Alliance

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

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

Year Built

1985

Lot Details

10,001 Sq Ft Lot

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

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2018
Closed on
Feb 12, 2018
Sold by
Bought by
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
$238,386

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,386
Avg. Annual Appreciation
5.64%
Original Mortgage
$150,000
Interest Rate
0.0395%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 13, 2009
Sold by
Bought by

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
0.0575%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$150,000 Abstracts & Titles
$140,000 Abstracts & Titles Inc
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $150,000
Previous Owner $111,920
Previous Owner $96,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $4,886 $70,620 $11,990 $58,630
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

  • Karen Schoenthal

    Seller's Agent in 2018

    Karen Schoenthal

    RE/MAX

    (618) 830-5370

    147 Total Sales

    Karen Schoenthal
    Section Image

  • L

    Seller Co-Listing Agent in 2018

    Laura Goggin

    RE/MAX

    Section Image

  • M

    Buyer's Agent in 2018

    Michelle Hawthorne

    RE/MAX

    Section Image
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Map

Source: MARIS MLS

MLS Number: MIS18002219

MARIS MLS

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

Illinois Madison County Troy 62294

505 Red Bud Ln, Troy, IL

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.

MARIS MLS All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of MARIS MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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