NOT LISTED FOR SALE

507 1/2 E 5th St Rock Falls, IL 61071

Estimated Value: $81,000 - $158,000

4 Beds
1 Bath
1,470 Sq Ft
$81/Sq Ft Est. Value

Last Sold December 02, 2024

Last sale price $126,000 $86 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $853/month

93 Days on Market

Highlights

  • Formal Dining Room
  • Fenced Yard
  • Enclosed Patio or Porch
  • Rock Falls Middle School Rated 9+
  • 2 Car Detached Garage
  • Living Room

About This Home

As of December 2024

Open Floor Plan for a growing family! Nice 4 bedroom home with main floor laundry and large remodeled bath that includes large walk-in shower. 3 bedrooms on the main floor and one dormer bedroom in the upper level. Large kitchen with lots of cabinets, counterspace, breakfast bar and dining area. Enclosed front porch. Partial basement includes newer furnace (2018) and new water softener (2022). Fenced backyard. Bus stop for RF schools across the street. Contingent upon Seller finding the home of their choice.

Last Agent to Sell the Property

Jenni Dace

Judy Powell Realty License #471010072 Listed on: 07/08/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,579

Year Built

  • Built in 1933

Lot Details

  • Lot Dimensions are 40x142
  • Fenced Yard

Parking

  • 2 Car Detached Garage
  • Garage Door Opener

Home Design

  • Aluminum Siding

Interior Spaces

  • 1,470 Sq Ft Home
  • 1.5-Story Property
  • Family Room
  • Living Room
  • Formal Dining Room
  • Unfinished Basement
  • Partial Basement
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Enclosed Patio or Porch

Utilities

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

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,579

Year Built

Built in 1933

Lot Details

0

Parking

2

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: 1933
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator
  • Basement: Partial
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 4
  • LivingArea: 1470
  • Room Type: Enclosed Porch
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Assessor

Exterior Features

  • ExteriorFeatures: Patio
  • Lot Features: Fenced Yard
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • 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

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 40X142
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 19

Tax Info

  • Tax Annual Amount: 2579.24
  • Tax Year: 2023
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2024
Closed on
Dec 2, 2024
Sold by
Gustafson Michael John and Gustafson Mia Manuela
Bought by
Cox Bobby L
Seller's Agent
Jenni Dace
Judy Powell Realty
Buyer's Agent
Jenni Dace
Judy Powell Realty
List Price
$175,000
Sold Price
$126,000
Premium/Discount to List
-$49,000
-28%
Views
64
Current Estimated Value
$119,432

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,568
Avg. Annual Appreciation
-4.55%
Original Mortgage
$75,500
Outstanding Balance
$74,573
Interest Rate
6.44%
Mortgage Type
New Conventional
Estimated Equity
$44,859

Purchase Details

Closed on
Feb 28, 2019
Sold by
Lasson Rex
Bought by
Gustafson Mia M and Gustafson Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,452
Interest Rate
4.62%
Mortgage Type
FHA

Purchase Details

Listed on
Dec 4, 2015
Closed on
Jan 14, 2016
Sold by
Jpmorgan Chase Bank National Association
Bought by
Lasson Rex
Seller's Agent
Laurie Sandoval
Bird Realty
Buyer's Agent
Chris King
United Country Sauk Valley Realty
List Price
$29,700
Sold Price
$32,200
Premium/Discount to List
$2,500
8.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.95%

Purchase Details

Closed on
Oct 13, 2015
Sold by
Dixon Marvis T
Bought by
Jpmorgan Chase Bank National Association

Purchase Details

Closed on
Jun 17, 2013
Bought by
Dixon Marvis T

Purchase Details

Closed on
Feb 11, 2006
Sold by
Davila Jason M and Davilla Hillory A
Bought by
Nichols Joshua A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,990
Interest Rate
6.3%
Mortgage Type
New Conventional
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

Date Buyer Sale Price Title Company
Cox Bobby L $126,000 None Listed On Document
Gustafson Mia M $79,900 --
Lasson Rex $32,500 Attorney
Jpmorgan Chase Bank National Association -- None Available
Dixon Marvis T $70,000 --
Nichols Joshua A $67,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cox Bobby L $75,500
Previous Owner Gustafson Mia M $78,452
Previous Owner Nichols Joshua A $64,990
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/02/2024 12/02/24 Sold $126,000 -6.7% $86 / Sq Ft
10/10/2024 10/10/24 Pending -- -- --
08/21/2024 08/21/24 Price Changed $135,000 -9.9% $92 / Sq Ft
08/12/2024 08/12/24 Price Changed $149,900 -6.3% $102 / Sq Ft
07/28/2024 07/28/24 Price Changed $159,900 -5.9% $109 / Sq Ft
07/20/2024 07/20/24 Price Changed $169,900 -2.9% $116 / Sq Ft
07/08/2024 07/08/24 For Sale $175,000 +443.5% $119 / Sq Ft
01/15/2016 01/15/16 Sold $32,200 +8.4% $26 / Sq Ft View Prior Sale
12/22/2015 12/22/15 Pending -- -- --
12/04/2015 12/04/15 For Sale $29,700 -- $24 / 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 $2,790 $31,438 $2,586 $28,852
2023 $2,579 $28,994 $2,385 $26,609
2022 $2,467 $27,338 $2,249 $25,089
2021 $2,335 $25,864 $2,128 $23,736
2020 $2,325 $25,422 $2,092 $23,330
2019 $2,882 $24,512 $2,017 $22,495
2018 $2,471 $23,966 $1,972 $21,994
2017 $2,470 $21,554 $1,935 $19,619
2016 $2,424 $21,191 $1,902 $19,289
2015 $164 $21,234 $1,997 $19,237
2014 $161 $20,667 $1,944 $18,723
2013 $164 $21,234 $1,997 $19,237
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12104001

Midwest Real Estate Data (MRED)

APN: 1127326015