NOT LISTED FOR SALE

507 S Cherry St Morrison, IL 61270

Estimated Value: $70,000 - $87,000

3 Beds
2 Baths
-- Sq Ft
6,098 Sq Ft Lot

Last Sold November 22, 2021

Last sale price $55,000

Est. 46% increase in value since last sale

Current estimated payment $610/month

105 Days on Market

About This Home

As of November 2021

Duplex opportunity. South 2-story apartment (509) offers 960 square feet of updated living space. North unit (507) is a 1-story efficiency with 384 square feet. 509 unit has been completely redone down to the studs and features two spacious bedrooms, newer kitchen appliances, washer/dryer hookups on the first level, and an eating area in the kitchen. 507 unit offers all living space on main level. All new windows, including the basement. Each unit has its own electric, water meter and gas, furnace, and central air. Convenient location and quick possession possible.

Last Agent to Sell the Property

Barbara Kophamer

RE/MAX Sauk Valley License #471001500 Listed on: 07/07/2021

RE/MAX Sauk Valley

Last Buyer's Agent

Barbara Kophamer

RE/MAX Sauk Valley License #471001500 Listed on: 07/07/2021

RE/MAX Sauk Valley

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,808

Year Built

  • Built in 1920

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 60x100
  • Paved or Partially Paved Lot

Home Design

  • Stone Foundation
  • Vinyl Siding

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House

Parking

  • 4 Parking Spaces
  • Uncovered Parking
  • Off-Street Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,808

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1920
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Other Equipment: CO Detectors
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Central Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Central Air Conditioner

Exterior Features

  • Foundation Details: Stone
  • List Price: 64900
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Parking Features: Off Street
  • ParkingTotal: 4
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: N/A

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Schools

  • Middle/Junior School District: 6

Lot Info

  • Lot Size Acres: 0.14
  • Lot Dimensions: 60X100
  • Zoning: OTHER
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 19

Tax Info

  • Tax Annual Amount: 1808.22
  • Tax Year: 2020
  • Tax Exemptions: Homeowner

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2021
Closed on
Nov 22, 2021
Sold by
Milnes Toni J
Bought by
Lu Property Llc
Seller's Agent
Barbara Kophamer
RE/MAX Sauk Valley
Buyer's Agent
Barbara Kophamer
RE/MAX Sauk Valley
List Price
$64,900
Sold Price
$55,000
Premium/Discount to List
-$9,900
-15.25%
Current Estimated Value
$80,150

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,150
Avg. Annual Appreciation
12.06%
Original Mortgage
$44,000
Outstanding Balance
$40,656
Interest Rate
2.99%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$43,628

Purchase Details

Closed on
Mar 9, 2006
Sold by
Dunagan Mary Jo
Bought by
Milnes Toni J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
6.33%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Lu Property Llc $55,000 None Available
Milnes Toni J $27,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lu Property Llc $44,000
Previous Owner Milnes Chad A $152,054
Previous Owner Milnes Toni J $45,000
Previous Owner Milnes Toni J $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2021 11/22/21 Sold $55,000 -15.3% --
10/22/2021 10/22/21 Pending -- -- --
07/08/2021 07/08/21 For Sale $64,900 -- --
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 $2,081 $25,516 $1,804 $23,712
2023 $1,940 $23,230 $1,642 $21,588
2022 $1,823 $21,573 $1,525 $20,048
2021 $1,775 $21,125 $1,493 $19,632
2020 $1,808 $21,525 $1,521 $20,004
2019 $1,878 $22,130 $1,418 $20,712
2018 $1,950 $22,031 $1,412 $20,619
2017 $1,811 $21,163 $1,356 $19,807
2016 $1,740 $20,412 $1,308 $19,104
2015 $174 $19,916 $1,340 $18,576
2014 $1,726 $19,691 $1,325 $18,366
2013 $174 $19,916 $1,340 $18,576
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11148765

Midwest Real Estate Data (MRED)

APN: 0918451011