NOT LISTED FOR SALE

508 E Monroe St Bloomington, IL 61701

Near East Neighborhood

Estimated Value: $198,000 - $238,000

-- Bed
-- Bath
2,628 Sq Ft
$80/Sq Ft Est. Value

Last Sold June 14, 2016

Last sale price $105,000 $40 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $1,368/month

359 Days on Market

About This Home

As of June 2016

Tons of recent repairs & updates. Contact listing agent for full package with income & expense proforma.

Last Agent to Sell the Property

Laura Pritts

AXIS 360 LLC* License #471021573 Listed on: 05/26/2015

Co-Listed By

Greg Yount

AXIS 360 LLC* License #475142130

Last Buyer's Agent

Lisa Lyle

Coldwell Banker Real Estate Group License #475129007

Coldwell Banker Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,790

Year Built

  • Built in 1940

Lot Details

  • Lot Dimensions are 60x115

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Vinyl Siding

Interior Spaces

  • 2,628 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $1,800
  • Fuel Expense $2,310
  • Insurance Expense $225
  • Maintenance Expense $1,800
  • Manager Expense $1,960
  • Other Expense $6,709
  • Water Sewer Expense $3,000
  • Operating Expense $19,594
  • Gross Income $33,240
  • Net Operating Income $11,984

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,790

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats
  • Stories: 2
  • Year Built: 1940
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Description: Unfinished
  • Room: 1
  • Room: 2

Exterior Features

  • List Price: 109500
  • Exterior Building Type: Vinyl Siding
  • Misc Outside: Sun Deck

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: None
  • Utilities: Water-Municipal, Sanitary Sewer
  • Heat/Ventilation: Forced Air,Gas

Condo/Co-op/Association

  • Manager Expense: 1960
  • Conversion YN: N

Fee Information

  • Water Sewer Expenses: 3000

Lot Info

  • Lot Dimensions: 60X115

Building Info

  • BuildingAreaTotal: 2628

Rental Info

  • Board Number: 23

Multi Family

  • Net Operating Income: 11984
  • Fuel Expense: 2310
  • Insurance Expense: 225
  • ElectricExpense: 1800
  • GrossIncome: 33240
  • Maintenance Expense: 1800
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 19594
  • Expense Year: 15
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 1790
  • Tax Year: 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2015
Closed on
Jun 14, 2016
Sold by
Jodi Bloominggon Llc
Bought by
Curtis Ryan
Seller's Agent
Laura Pritts
AXIS 360 LLC*
Buyer's Agent
Lisa Lyle
Coldwell Banker Real Estate Group
List Price
$119,500
Sold Price
$105,000
Premium/Discount to List
-$14,500
-12.13%
Current Estimated Value
$210,052

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,052
Avg. Annual Appreciation
7.67%
Original Mortgage
$100,000
Interest Rate
3.61%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 20, 2009
Sold by
Hundman R Michael
Bought by
Jodi Bloomington Mf Llc

Purchase Details

Closed on
Jul 28, 2005
Sold by
Hundman R Mcihael
Bought by
Hundman R Michael

Purchase Details

Closed on
Jul 27, 2005
Sold by
Luther Katherine T and Hundman William T
Bought by
Hundman R Michael
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
Curtis Ryan $105,000 None Available
Jodi Bloomington Mf Llc -- None Available
Hundman R Michael -- None Available
Hundman R Michael -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Curtis Ryan $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/14/2016 06/14/16 Sold $105,000 -12.1% $40 / Sq Ft
05/19/2016 05/19/16 Pending -- -- --
05/26/2015 05/26/15 For Sale $119,500 -- $45 / 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 $3,220 $49,013 $7,289 $41,724
2022 $3,220 $37,883 $5,634 $32,249
2021 $2,947 $34,680 $5,158 $29,522
2020 $2,940 $34,680 $5,158 $29,522
2019 $2,931 $34,680 $5,158 $29,522
2018 $2,862 $34,000 $5,057 $28,943
2017 $2,862 $34,000 $5,057 $28,943
2016 $1,946 $23,156 $5,057 $18,099
2015 $1,848 $22,053 $4,816 $17,237
2014 $1,789 $22,053 $4,816 $17,237
2013 -- $22,053 $4,816 $17,237
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2016

    Laura Pritts

    AXIS 360 LLC*

    Section Image

  • G

    Seller Co-Listing Agent in 2016

    Greg Yount

    AXIS 360 LLC*

    Section Image

  • L

    Buyer's Agent in 2016

    Lisa Lyle

    Coldwell Banker Real Estate Group

    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10195294

Midwest Real Estate Data (MRED)

APN: 21-04-264-012

Illinois Mclean County Bloomington 61701 Near East

508 E Monroe St, Bloomington, IL

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