NOT LISTED FOR SALE

510 Park Dr Marengo, IL 60152

Estimated Value: $305,000 - $336,000

5 Beds
2 Baths
-- Sq Ft
0.25 Acres

Last Sold August 30, 2018

Last sale price $170,000

Est. 87% increase in value since last sale

Current estimated payment $2,193/month

11 Days on Market

Highlights

  • Deck
  • Fenced Yard
  • Two Heating Systems
  • Ranch Style House
  • Attached Garage
  • Baseboard Heating

About This Home

As of August 2018

What an amazing value for 2 units! This ranch style duplex has SO many potential appeals to different ownership: investor (as both units are rented and tenants want to stay), or be an on-site landlord and use rental income to supliment mortgage or use as in-laws arrangement! Both units are 2BD/1BTH, with open concept kitchen & living area. 500 Park is slightly larger, with larger bedrooms but 510 Park has 3rd finished bedroom in basement! Both units have additional space in separate basement spaces with laundry & seperate 1 car garage spaces per unit. HUGE shared deck & fenced yard. New roof & freshly painted exterior! Nothing to do but move in or take over current month-to-month leases ($900/month per unit). Walking distance to shopping & park. Separate utilities including sewer,water,gas,electric, heating controls.

Last Agent to Sell the Property

Brittany Countryman

Baird & Warner License #475169091 Listed on: 06/25/2018

Baird & Warner

Last Buyer's Agent

Matt Lysien

Suburban Life Realty, Ltd License #471003181

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,203

Year Built

  • 1977

Lot Details

  • 0.25

Parking

  • Attached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Ranch Style House
  • Slab Foundation
  • Asphalt Shingled Roof
  • Vinyl Siding

Utilities

  • Two Heating Systems
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Gas
  • Individual Controls for Heating

Additional Features

  • Basement Fills Entire Space Under The House
  • Deck
  • Fenced Yard

Listing and Financial Details

  • $2,000 Seller Concession

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,203

Year Built

1977

Lot Details

0

Parking

2

Listing Details

  • Property Type: Two to Four Units
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Age: 41-50 Years
  • Full Bathrooms: 2
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 2
  • Style Of House: Ranch
  • Zoning Type: MULTI
  • Estimated Year Built: 1977
  • Type Multi: 2 Flat
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1977

Interior Features

  • Number Of Rooms: 8
  • Basement: Full
  • Basement: Unfinished
  • Bedrooms All Levels: 5
  • Above Grade Bedrooms: 5

Exterior Features

  • Foundation: Concrete
  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Vinyl Siding
  • Roof Type: Asphalt/Glass (Shingles)
  • Exterior Property Features: Deck, Storms/Screens
  • Acreage: 0.25

Garage/Parking

  • Number of Cars: 2
  • Parking: Garage
  • Garage Type: Attached
  • Garage Details: Garage Door Opener(s), Transmitter(s)
  • Garage On Site: Yes
  • Number Garage Spaces: 2
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

  • Water: Public
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Hot Water/Steam, Baseboard, 2+ Sep Heating Systems, Indv Controls

Schools

  • Junior High Dist: 165
  • Elementary School #2: Marengo Community Middle School
  • Junior High/Middle School #2: Marengo Community Middle School

Lot Info

  • Lot Dimensions: 79' X 134'
  • Lot Description: Fenced Yard
  • Parcel Identification Number: 1135329006

Rental Info

  • Gross Rental Income: 21600
  • Total Rental Income: 21600

Multi Family

  • Total Number Unitsin Building: 2
  • Full Baths In Building: 2

Tax Info

  • Taxes: 5704

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2018
Closed on
Aug 28, 2018
Sold by
Volti Michael and Volti Kimberly M
Bought by
Wences Yiemer and Wences Irene
Seller's Agent
Brittany Countryman
Baird & Warner
Buyer's Agent
Matt Lysien
Suburban Life Realty, Ltd
List Price
$174,900
Sold Price
$170,000
Premium/Discount to List
-$4,900
-2.8%
Current Estimated Value
$318,625

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$148,625
Avg. Annual Appreciation
9.17%
Original Mortgage
$127,500
Outstanding Balance
$110,959
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$207,666

Purchase Details

Closed on
Apr 21, 2006
Sold by
Eddins Janet A
Bought by
Voltl Michael and Voltl Kimberly M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,200
Interest Rate
6.39%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 1, 1994
Sold by
Boucher Janet A
Bought by
Boucher Janet A
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
Wences Yiemer $170,000 Advisors Title Network Lc
Voltl Michael $206,000 Nlt Title Llc
Boucher Janet A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wences Yiemer $127,500
Previous Owner Voltl Michael $144,200
Previous Owner Voltl Michael $20,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/30/2018 08/30/18 Sold $170,000 -2.8% --
07/06/2018 07/06/18 Pending -- -- --
06/25/2018 06/25/18 For Sale $174,900 -- --
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 $6,203 $89,749 $18,129 $71,620
2023 $6,014 $79,116 $15,981 $63,135
2022 $5,880 $71,546 $14,452 $57,094
2021 $5,454 $65,190 $13,168 $52,022
2020 $5,352 $62,038 $12,531 $49,507
2019 $5,648 $58,781 $11,873 $46,908
2018 $5,867 $55,059 $11,121 $43,938
2017 $5,704 $52,154 $10,534 $41,620
2016 $5,549 $48,728 $9,842 $38,886
2013 -- $47,675 $9,629 $38,046
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09988831

Midwest Real Estate Data (MRED)

APN: 11-35-329-006