NOT LISTED FOR SALE

508 S Ash Ave Forreston, IL 61030

Estimated Value: $194,000 - $254,000

Studio
-- Bath
3,584 Sq Ft
$59/Sq Ft Est. Value

Last Sold July 31, 2018

Last sale price $125,000 $35 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $1,409/month

9 Days on Market

Highlights

  • Brick or Stone Mason
  • Baseboard Heating
  • Coin Laundry
  • Air Conditioning

About This Home

As of July 2018

Very nice clean 4 unit all electric building. Owner pays water sewer garbage and common electricity.

Last Agent to Sell the Property

Brian Borchardt

A-1 AGENCY License #471004534 Listed on: 06/06/2018

Last Buyer's Agent

Brian Borchardt

A-1 AGENCY License #471004534 Listed on: 06/06/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,195

Year Built

  • Built in 1977

Lot Details

  • 0.37

Home Design

  • Brick or Stone Mason
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 3,584 Sq Ft Home
  • 2-Story Property

Kitchen

  • Stove
  • Range

Schools

  • Forestville Valley 221 Elementary And Middle School
  • Forestville Valley 221 High School

Utilities

  • Air Conditioning
  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Separate Meters
  • Electric Water Heater

Community Details

  • 4 Units
  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,195

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Electric: Circuit Breaker
  • Appliances That Stay or Are Included: Refrigerator, Stove/Cooktop
  • Class: MULTIFAMILY
  • Front: 132
  • Lvt Date: 08/01/2018
  • Rear: 132
  • Side 1: 124
  • Side 2: 124
  • Style: 2 Story
  • Type: 3 - 4 Units
  • Total Assessed Value: 50643
  • Number Of Units In Bldg: 4
  • Agent Only_ L A1 User Code: F_5
  • Elementary School: ForestVille Valley 221
  • Estimated Total Finished Sq Ft: 3584
  • Hold Earnest Money Y N: No
  • Pertinent Facts: Very nice clean 4 unit all electric building. Owner pays water sewer garbage and common electricity.
  • Designated Managing Broker Y N: Yes
  • Potential Annual Expenses: 9188
  • Separate Electric: Yes
  • Separate Heat: Yes
  • Washer Dryer Coin Operated: Yes
  • Washer Dryer Hookups: No
  • Washer Dryer: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement Type: Slab

Exterior Features

  • Exterior: Brick/Stone
  • Roof: Shingle

Utilities

  • Cooling: Wall Unit
  • Heating: Baseboard
  • Sewer: City
  • Water: City
  • Water Heater: Electric

Schools

  • Elementary School #2: ForestVille Valley 221

Building Info

  • Year Built: 1977

Tax Info

  • Year: 2017
  • Taxes: 5195

MLS Schools

  • HighSchool: ForestVille Valley 221
  • School District: ForestVille Valley 221
  • Middle School: ForestVille Valley 221

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2018
Closed on
Jul 31, 2018
Sold by
Smith Eugene H
Bought by
Tuell David L and Tell Susan M
Seller's Agent
Brian Borchardt
A-1 AGENCY
Buyer's Agent
Brian Borchardt
A-1 AGENCY
List Price
$134,000
Sold Price
$125,000
Premium/Discount to List
-$9,000
-6.72%
Current Estimated Value
$196,743

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,743
Avg. Annual Appreciation
7.43%
Original Mortgage
$93,750
Outstanding Balance
$81,418
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$131,718
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
Tuell David L $125,000 Security First Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tuell David L $93,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2018 07/31/18 Sold $125,000 -6.7% $35 / Sq Ft
06/15/2018 06/15/18 Pending -- -- --
06/06/2018 06/06/18 For Sale $134,000 -- $37 / Sq Ft
Source: NorthWest Illinois Alliance of REALTORS®

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 $4,680 $53,135 $5,259 $47,876
2023 $4,373 $49,561 $4,905 $44,656
2022 $4,147 $45,348 $4,488 $40,860
2021 $4,065 $44,216 $4,376 $39,840
2020 $3,973 $43,435 $4,299 $39,136
2019 $3,892 $41,665 $4,124 $37,541
2018 $3,946 $41,665 $4,124 $37,541
2017 $4,988 $51,874 $4,124 $47,750
2016 $5,195 $50,643 $4,026 $46,617
2015 $4,771 $49,456 $3,932 $45,524
2014 $4,802 $49,456 $3,932 $45,524
2013 $4,899 $50,688 $4,030 $46,658
Source: Public Records

Agents Affiliated with this Home

  • Brian Borchardt

    Seller's Agent in 2018

    Brian Borchardt

    A-1 AGENCY

    (815) 238-2015

    6 in this area

    390 Total Sales

    Brian Borchardt
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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 126220

NorthWest Illinois Alliance of REALTORS®

APN: 02-33-257-008

Illinois Ogle County Forreston 61030

508 S Ash Ave, Forreston, IL

Not Listed for Sale

MultiFamily

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