NOT LISTED FOR SALE

Estimated Value: $285,180 - $325,000

4 Beds
2 Baths
-- Sq Ft
8,276 Sq Ft Lot

Last Sold January 10, 2020

Last sale price $212,800

Est. 44% increase in value since last sale

Current estimated payment $2,112/month

199 Days on Market

About This Home

As of January 2020

Two flat with two large units (approximately 1,000 SF each) currently rented with additional garage and good sized yard. Just NE of downtown Elgin (less than 1 mile). Both units in good shape. Opportunity to purchase with good existing cash flow OR owner occupant could live for minimal expense. With 20% down total payment for mortgage / taxes / insurance ~$1,325. One unit Just rented for $1295 with the other one at $1,060. Roof is older, but owner has agreed to replace roof prior to closing. Units have individual furnaces and individual water heaters. Both water heaters brand new (2019). See additional information for additional marketing materials.

Last Agent to Sell the Property

Edward Liss

Triton Realty Group LLC Listed on: 05/16/2019

Last Buyer's Agent

Juan Navarro

American International Realty Corp. License #475142527

American International Realty Corp.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,526

Year Built

  • Built in 1900

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 66x132

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Asphalt Roof
  • Vinyl Siding

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Additional Features

  • Basement Fills Entire Space Under The House
  • Heating System Uses Natural Gas

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $850
  • Maintenance Expense $600
  • Water Sewer Expense $3,122
  • Gross Income $26,847
  • Net Operating Income $16,549

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,526

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • 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: 4
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • List Price: 225000
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Fee Information

  • Water Sewer Expenses: 3122
  • Other Expenses $: 1200
  • Trash Expense Year: 2018

Schools

  • Middle/Junior School District: 46

Lot Info

  • Lot Size Acres: 0.19
  • Lot Dimensions: 66X132
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Multi Family

  • Net Operating Income: 16549
  • Insurance Expense: 850
  • GrossIncome: 26847
  • Maintenance Expense: 600
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 4526
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2019
Closed on
Jan 2, 2020
Sold by
Jarvis Robert C
Bought by
Rios Herminio Campos
Seller's Agent
Edward Liss
Triton Realty Group LLC
Buyer's Agent
Juan Navarro
American International Realty Corp.
List Price
$225,000
Sold Price
$212,800
Premium/Discount to List
-$12,200
-5.42%
Current Estimated Value
$306,795

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,995
Avg. Annual Appreciation
6.34%
Original Mortgage
$6,000
Outstanding Balance
$5,337
Interest Rate
3.73%
Mortgage Type
Stand Alone Second
Estimated Equity
$295,901

Purchase Details

Closed on
Jan 9, 2008
Sold by
Deutsche Bank National Trust Co
Bought by
Jarvis Robert C

Purchase Details

Closed on
Jul 20, 2007
Sold by
Pineda Agustin
Bought by
Deutsche Bank National Trust Co and Long Beach Mortgage Loan Trust 2006-1

Purchase Details

Closed on
Dec 9, 2006
Sold by
Quinones Elizar
Bought by
Pineda Agustin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,410
Interest Rate
9.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 14, 2002
Sold by
Galvez Carlos
Bought by
Quinonez Eliazar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Interest Rate
6.93%
Source: Public Records

Range of Values:

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Average Value
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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
Rios Herminio Campos $213,000 Fidelity National Title
Jarvis Robert C $123,000 Ticor Title Insurance Co
Deutsche Bank National Trust Co $247,000 Ticor Title Insurance Co
Pineda Agustin $275,000 None Available
Quinonez Eliazar $160,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rios Herminio Campos $6,000
Open Rios Herminio Campos $208,945
Previous Owner Jarvis Robert $192,000
Previous Owner Pineda Agustin $247,410
Previous Owner Quinonez Eliazar $159,000
Previous Owner Quinonez Eliazar $152,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2020 01/10/20 Sold $212,800 -5.4% --
12/01/2019 12/01/19 Pending -- -- --
06/19/2019 06/19/19 For Sale $225,000 0.0% --
06/10/2019 06/10/19 Pending -- -- --
05/16/2019 05/16/19 For Sale $225,000 -- --
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 $5,328 $74,574 $17,478 $57,096
2023 $5,061 $67,372 $15,790 $51,582
2022 $4,436 $57,156 $14,398 $42,758
2021 $4,232 $53,437 $13,461 $39,976
2020 $4,653 $51,014 $12,851 $38,163
2019 $4,539 $48,594 $12,241 $36,353
2018 $4,526 $45,779 $11,532 $34,247
2017 $4,451 $43,278 $10,902 $32,376
2016 $4,282 $40,150 $10,114 $30,036
2015 -- $36,801 $9,270 $27,531
2014 -- $36,347 $9,156 $27,191
2013 -- $37,306 $9,398 $27,908
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10382536

Midwest Real Estate Data (MRED)

APN: 06-12-355-003