NOT LISTED FOR SALE

513 N Morton Ave Unit 515 Morton, IL 61550

Estimated Value: $191,000 - $222,000

4 Beds
2 Baths
2,524 Sq Ft
$83/Sq Ft Est. Value

Last Sold March 27, 2018

Last sale price $129,000 $51 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $1,435/month

29 Days on Market

About This Home

As of March 2018

Attention investors; income property. 2 bedroom, 1 bath units, spacious rooms, newer furnaces in both, a/c in one. Updated bath in one unit. 1 car attached garage per unit with additional parking in back. All brick. Convenient location! Both duplexes are occupied.

Last Agent to Sell the Property

Shelly Rigelwood

Jim Maloof Realty, Inc. License #471016696 Listed on: 01/05/2018

Jim Maloof Realty, Inc.

Last Buyer's Agent

Linda Kepple

Keller Williams Premier Realty License #471.004439

Keller Williams Premier Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,078

Year Built

  • Built in 1952

Lot Details

  • 9,322

Schools

  • Morton High School

Additional Features

  • 1-Story Property
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,078

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: 1 Story
  • Legal Description: Sec 17 T25N R3W Norwood P1. Sub B Lot SE 1/4
  • Lvt Date: 01/10/2018
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Cable Tv Available
  • Basement: Slab
  • Price Per Sq Ft: 51.11
  • Total Sq Ft: 2524

Exterior Features

  • Exterior: Brick
  • Road Access: Curbs & Gutters, Paved

Garage/Parking

  • Garage Parking: Attached, Guest Parking
  • Number Parking Spaces: 2

Utilities

  • Heating Cooling: Forced Air, Gas, Central Air
  • Water Sewer: Public Sewer, Public Water
  • Laundry Facilities: Private, Units Hook-Ups

Schools

  • High School: Morton
  • High School: Morton

Lot Info

  • Estimated Lot Size: 120 x 78
  • Lot Description: Corner, Level
  • Subdivision: Norwood Place

Rental Info

  • Tenant Pays: All Utilities
  • Gross Annual Rent Income: 16800
  • Lease Information: Various Terms

Tax Info

  • Annual Taxes: 3077.78
  • Parcel Id Number Tax Id: 060617403008
  • Tax Year: 2016

Multi Family

  • Total Number Units: 2
  • Gross Annual Income: 12787
  • Total Number Central Air Units: 2
  • Total Number Electric Meters: 2
  • Total Number Gas Meters: 2
  • Total Number Heating Units: 2
  • Total Number Water Heaters: 2
  • Total Number Water Meters: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 5, 2018
Closed on
Mar 27, 2018
Sold by
Durbin Shawn and Durbin Christina
Bought by
Joseph Anthony and Joseph Sarah A
Seller's Agent
Shelly Rigelwood
Jim Maloof Realty, Inc.
Buyer's Agent
Linda Kepple
Keller Williams Premier Realty
List Price
$149,900
Sold Price
$129,000
Premium/Discount to List
-$20,900
-13.94%
Current Estimated Value
$209,180

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,180
Avg. Annual Appreciation
6.43%
Original Mortgage
$90,300
Outstanding Balance
$77,715
Interest Rate
4.38%
Mortgage Type
New Conventional
Estimated Equity
$127,690

Purchase Details

Closed on
Apr 24, 2007
Sold by
Cambron Matthew W and Cambron Nikki M
Bought by
Durbin Shawn and Durbin Christina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,600
Interest Rate
6.18%
Mortgage Type
Commercial
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
Joseph Anthony $129,000 --
Durbin Shawn $132,000 First Community Title Svcs
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Joseph Anthony $90,300
Previous Owner Durbin Shawn $105,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/27/2018 03/27/18 Sold $129,000 -13.9% $51 / Sq Ft
02/03/2018 02/03/18 Pending -- -- --
01/05/2018 01/05/18 For Sale $149,900 -- $59 / Sq Ft
Source: RMLS Alliance

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 $3,648 $53,390 $4,990 $48,400
2023 $3,648 $49,740 $4,650 $45,090
2022 $3,528 $45,680 $4,270 $41,410
2021 $3,394 $43,930 $4,110 $39,820
2020 $3,290 $43,500 $4,070 $39,430
2019 $3,281 $43,500 $4,070 $39,430
2018 $3,221 $43,500 $4,070 $39,430
2017 $3,138 $41,480 $3,880 $37,600
2016 $3,078 $41,480 $3,880 $37,600
2015 $2,971 $0 $0 $0
2013 $2,941 $41,480 $3,880 $37,600
Source: Public Records

Agents Affiliated with this Home

  • Shelly Rigelwood

    Seller's Agent in 2018

    Shelly Rigelwood

    Jim Maloof Realty, Inc.

    (309) 208-2928

    44 in this area

    183 Total Sales

    Shelly Rigelwood
    Section Image
  • Linda Kepple

    Buyer's Agent in 2018

    Linda Kepple

    Keller Williams Premier Realty

    (309) 303-5742

    13 in this area

    583 Total Sales

    Linda Kepple
    Section Image
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Map

Source: RMLS Alliance

MLS Number: RMAPA1190532

RMLS Alliance

APN: 06-06-17-403-008

Illinois Tazewell County Morton 61550

513 N Morton Ave Unit 515, Morton, IL

This home is located at 513 N Morton Ave Unit 515, Morton, IL 61550 since 05 January 2018 and is currently estimated at $209,180, approximately $82 per square foot. This property was built in 1952. 513 N Morton Ave Unit 515 is a home located in Tazewell County with nearby schools including Morton High School, Blessed Sacrament School, and Bethel Lutheran School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

RMLS Alliance IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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