NOT LISTED FOR SALE

507 E Lee St Unit 3 Plano, IL 60545

Estimated Value: $281,010 - $328,000

4 Beds
2 Baths
-- Sq Ft
9,583 Sq Ft Lot

Last Sold February 24, 2023

Last sale price $255,000

Est. 17% increase in value since last sale

Current estimated payment $2,104/month

16 Days on Market

Highlights

  • Ranch Style House
  • Shed
  • Multiple Water Heaters
  • Porch
  • Ceiling Fan
  • Paved or Partially Paved Lot

About This Home

As of February 2023

*BUYER GOT COLD FEET, NO INSPECTION COMPLETED* Dont miss out on a stellar opportunity to own a cash flowing investment property, or a house hackers dream! Beautiful 2 unit duplex near downtown Plano! each side boasts 2 spacious bedrooms, 1 large bathroom, a full eat in kitchen, and in unit laundry! this Brick ranch has all new windows (2022) and has been extremely well maintained! this property Is just shy of a quarter acre, with great rental history!

Last Agent to Sell the Property

Tracey Larsen

Coldwell Banker Realty License #475134866 Listed on: 01/05/2023

Coldwell Banker Realty

Co-Listed By

Graham Mcdonald

Coldwell Banker Realty License #475195673

Last Buyer's Agent

Haydee Rosas

Coldwell Banker Realty License #475142068

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,725

Year Built

  • Built in 1970

Lot Details

  • 9,583 Sq Ft Lot
  • Paved or Partially Paved Lot
  • Level Lot

Home Design

  • Duplex
  • Ranch Style House
  • Brick Exterior Construction
  • Asphalt Roof

Interior Spaces

  • Ceiling Fan
  • Crawl Space
  • Storm Screens

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Parking

  • 6 Parking Spaces
  • Driveway
  • Uncovered Parking
  • Off-Street Parking
  • Parking Included in Price

Outdoor Features

  • Shed
  • Porch

Schools

  • P H Miller Elementary School
  • Plano High School

Utilities

  • Heating System Uses Natural Gas
  • Multiple Water Heaters

Community Details

  • 2 Units
  • Gross Income $21,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,725

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Year Built: 1970
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • New Construction Y/N: No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Other Equipment: Ceiling Fan(s), Multiple Water Heaters
  • Basement Description: Crawl
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Microwave,Central Air Conditioner,Laundry Hook-Up
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Microwave,Central Air Conditioner,Laundry Hook-Up

Exterior Features

  • ExteriorFeatures: Porch, Storms/Screens
  • Foundation Details: Other
  • Lot Features: Level
  • OtherStructures: Shed(s)
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Off Street, Driveway
  • ParkingTotal: 6
  • Number of Cars: 6
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Street Lights, Street Paved
  • Conversion YN: N

Schools

  • Elementary School: P H Miller Elementary School
  • High School: Plano High School
  • Middle/Junior School: Plano Middle School

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.22
  • Lot Dimensions: 9600
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 5
  • Is Parking Included in Price: Yes

Multi Family

  • GrossIncome: 21600
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: Duplex Side by Side

Tax Info

  • Tax Annual Amount: 5725.02
  • Tax Year: 2021
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 5, 2023
Closed on
Feb 24, 2023
Sold by
Norquist Ned and Norquist Connie
Bought by
Faith And Family Properties Llc
Seller's Agent
Tracey Larsen
Coldwell Banker Realty
Buyer's Agent
Haydee Rosas
Coldwell Banker Realty
List Price
$254,900
Sold Price
$255,000
Premium/Discount to List
$100
0.04%
Views
45
Current Estimated Value
$298,753

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,753
Avg. Annual Appreciation
5.73%
Original Mortgage
$204,000
Outstanding Balance
$197,619
Interest Rate
6.15%
Mortgage Type
New Conventional
Estimated Equity
$101,134

Purchase Details

Closed on
May 12, 2000
Sold by
Haselmajer Josef
Bought by
Norquist Ned and Norquist Connie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,500
Interest Rate
9%

Purchase Details

Closed on
May 5, 2000
Sold by
Haselmajer Katharina and Haselmajer Kristina
Bought by
Haselmajer Josef

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,500
Interest Rate
9%
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
Faith And Family Properties Llc $255,000 Wheatland Title
Norquist Ned $136,000 --
Haselmajer Josef -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Faith And Family Properties Llc $204,000
Previous Owner Norquist Ned $103,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/24/2023 02/24/23 Sold $255,000 0.0% --
01/22/2023 01/22/23 Pending -- -- --
01/12/2023 01/12/23 For Sale $254,900 0.0% --
01/10/2023 01/10/23 Pending -- -- --
01/05/2023 01/05/23 For Sale $254,900 -- --
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 $6,515 $79,183 $12,728 $66,455
2023 $6,021 $70,429 $11,321 $59,108
2022 $6,021 $64,260 $10,329 $53,931
2021 $5,725 $60,287 $9,690 $50,597
2020 $5,783 $59,105 $9,500 $49,605
2019 $5,734 $57,312 $9,152 $48,160
2018 $5,786 $54,583 $8,716 $45,867
2017 $5,696 $50,408 $8,715 $41,693
2016 $5,616 $44,970 $8,715 $36,255
2015 $5,565 $39,026 $7,500 $31,526
2014 -- $36,096 $7,500 $28,596
2013 -- $36,471 $8,875 $27,596
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11693231

Midwest Real Estate Data (MRED)

APN: 01-22-258-017