NOT LISTED FOR SALE

506 N Latham St Sandwich, IL 60548

Estimated Value: $246,000 - $258,000

4 Beds
2 Baths
-- Sq Ft
0.27 Acres

Last Sold September 02, 2022

Last sale price $205,500

Est. 22% increase in value since last sale

Current estimated payment $1,777/month

81 Days on Market

Highlights

  • Deck
  • 2 Car Attached Garage
  • Multiple Water Heaters
  • Ranch Style House
  • Ceiling Fan
  • Paved or Partially Paved Lot

About This Home

As of September 2022

This is a great investment opportunity with long time tenants in place that are willing to stay! This building could also be an ideal solution for an owner occupant wanting to live in one side and rent out the other side for additional income! Each side of this well maintained side by side ranch duplex has a living room, kitchen, 2 bedrooms, 1 bath, and a nice sized laundry room with washer & dryer. The back door leads to the deck and a big back yard. Each side has a 1 car garage with an electric garage door opener. Each unit has it's own water heater, and AC unit. The units have separate meters and the tenants pay all their own utilities. Leased until end of May 2022. Seller will be providing the existing survey provided in the document library. This is ONE of FIVE Multi-Units Offered For Sale! Can be sold as a package deal! SEE MLS #'s Buyer to cooperate with seller's 1031 Exchange. Also see MLS # 11394542, MLS # 11394537, MLS# 11394559, MLS#11394553

Last Agent to Sell the Property

Cindy Heckelsberg

Coldwell Banker Real Estate Group License #475142782 Listed on: 05/05/2022

Coldwell Banker Real Estate Group

Co-Listed By

Lara Heckelsberg Gawrych

Coldwell Banker Real Estate Group License #475142184

Last Buyer's Agent

Cristina Panagopoulos

Compass License #475186042

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,713

Year Built

  • Built in 1966

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 90 x 132
  • Paved or Partially Paved Lot

Parking

  • 2 Car Attached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Ranch Style House
  • Block Foundation
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • Ceiling Fan
  • Crawl Space
  • Carbon Monoxide Detectors

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Deck

Utilities

  • Heating Available
  • Multiple Water Heaters

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,713

Year Built

Built in 1966

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Year Built: 1966
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Other Equipment: CO Detectors, Ceiling Fan(s), Multiple Water Heaters
  • Basement Description: Crawl
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer

Exterior Features

  • ExteriorFeatures: Deck
  • Foundation Details: Block
  • List Price: 209900
  • Lot Features: Sidewalks
  • OtherStructures: None
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Electric
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Paved

Schools

  • Middle/Junior School District: 430

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.27
  • Lot Dimensions: 90 X 132
  • Zoning: SINGL
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

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

Tax Info

  • Tax Annual Amount: 4713.34
  • Tax Year: 2021
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 1 Story Unit/s,Duplex Side by Side

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2022
Closed on
Aug 29, 2022
Sold by
Anchor Point Properties Llc
Bought by
Lopez Josue
Seller's Agent
Cindy Heckelsberg
Coldwell Banker Real Estate Group
Buyer's Agent
Cristina Panagopoulos
Compass
List Price
$214,900
Sold Price
$205,500
Premium/Discount to List
-$9,400
-4.37%
Views
3
Current Estimated Value
$250,350

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,850
Avg. Annual Appreciation
6.76%
Original Mortgage
$201,777
Outstanding Balance
$192,073
Interest Rate
4.63%
Mortgage Type
FHA
Estimated Equity
$58,277

Purchase Details

Closed on
Jun 30, 2020
Sold by
Plano Land Holdings Llc
Bought by
Anchor Point Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$663,750
Interest Rate
4%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Jul 5, 2012
Closed on
Feb 12, 2013
Sold by
Wolsfelt James J
Bought by
Plano Land Holdings Llc
Seller's Agent
Beth Swanson
Kettley & Co. Inc. - Sandwich
Buyer's Agent
Cindy Heckelsberg
Coldwell Banker Real Estate Group
List Price
$155,000
Sold Price
$123,500
Premium/Discount to List
-$31,500
-20.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.78%
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
Lopez Josue $205,500 Fidelity National Title
Anchor Point Properties Llc $885,000 Fidelity National Title Ins
Plano Land Holdings Llc $123,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lopez Josue $201,777
Previous Owner Anchor Point Properties Llc $663,750
Previous Owner Anchor Point Properties Llc $132,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2022 09/02/22 Sold $205,500 -2.1% --
07/26/2022 07/26/22 Pending -- -- --
06/17/2022 06/17/22 Price Changed $209,900 -2.3% --
05/05/2022 05/05/22 For Sale $214,900 +74.0% --
02/12/2013 02/12/13 Sold $123,500 -11.7% --
01/09/2013 01/09/13 Pending -- -- --
01/03/2013 01/03/13 Price Changed $139,900 -6.1% --
10/02/2012 10/02/12 Price Changed $149,000 -3.9% --
07/05/2012 07/05/12 For Sale $155,000 -- --
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 $5,074 $68,786 $21,182 $47,604
2023 $5,074 $61,252 $18,862 $42,390
2022 $4,836 $56,657 $17,447 $39,210
2021 $4,713 $54,057 $16,646 $37,411
2020 $4,664 $53,411 $16,447 $36,964
2019 $4,694 $51,615 $15,894 $35,721
2018 $4,519 $48,948 $15,073 $33,875
2017 $4,374 $46,366 $14,278 $32,088
2016 $4,367 $43,569 $13,417 $30,152
2015 -- $41,569 $12,801 $28,768
2014 -- $41,020 $12,632 $28,388
2013 -- $42,485 $13,083 $29,402
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11394544

Midwest Real Estate Data (MRED)

APN: 19-25-402-002