NOT LISTED FOR SALE

514 Fairview Blvd Rockford, IL 61107

Palmwood Neighborhood

Estimated Value: $191,000 - $225,000

2 Beds
3 Baths
-- Sq Ft
9,148 Sq Ft Lot

Last Sold April 16, 2020

Last sale price $107,500

Est. 96% increase in value since last sale

Current estimated payment $1,533/month

1 Day on Market

Highlights

  • 2 Car Attached Garage
  • Forced Air Heating System
  • Senior Tax Exemptions

About This Home

As of April 2020

Family owned and occupied brick duplex in great NE location. Owner occupied for 40 years. 514 unit has 2 bedrooms and lower level rec room with bath. 516 unit has 2 bedrooms, 1 bath. Common utility area in LL with washer dryer hookup. 2 GFA's, 1 newer. 2 water heaters, 1 central air.

Last Agent to Sell the Property

Debbie Rheingans

Dickerson & Nieman Realtors License #475093417 Listed on: 03/09/2020

Dickerson & Nieman Realtors

Last Buyer's Agent

Nancy Johnson

Century 21 Affiliated License #475132127

Century 21 Affiliated

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,680

Year Built

  • Built in 1959

Lot Details

  • 9,148

Parking

  • 2 Car Attached Garage
  • Parking Space is Owned

Home Design

  • Duplex
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 3 Bathrooms

Partially Finished Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions
  • Senior Freeze Tax Exemptions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,680

Year Built

Built in 1959

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: 1959
  • Age: 61-70 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: 3
  • Total Bedrooms: 2
  • Basement Description: Partially Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Central Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Dishwasher

Exterior Features

  • List Price: 109500
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Schools

  • Middle/Junior School District: 205

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 66.16X140XZ200X140
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 11

Tax Info

  • Tax Annual Amount: 3679.66
  • Tax Year: 2018
  • Tax Exemptions: Homeowner,Senior,Senior Freeze

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: Duplex Side by Side

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2020
Closed on
Apr 16, 2020
Sold by
Butler Jr Ronald L
Bought by
Simpson Steven
Seller's Agent
Debbie Rheingans
Dickerson & Nieman Realtors
Buyer's Agent
Nancy Johnson
Century 21 Affiliated
List Price
$109,500
Sold Price
$107,500
Premium/Discount to List
-$2,000
-1.83%
Current Estimated Value
$210,307

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$102,807
Avg. Annual Appreciation
14.37%
Original Mortgage
$67,500
Outstanding Balance
$53,721
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$167,071

Purchase Details

Closed on
Feb 13, 2020
Sold by
Butler Ronald L
Bought by
Butler Ronald L

Purchase Details

Closed on
Feb 7, 2020
Sold by
Butler Ronald L
Bought by
Butler Ronald L and Butler Ronald L
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
Simpson Steven $107,500 Kelly Connor Nicholas Pc
Butler Ronald L -- Guyer & Enichen Pc
Butler Ronald L -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Simpson Steven $67,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/16/2020 04/16/20 Sold $107,500 -1.8% --
03/10/2020 03/10/20 Pending -- -- --
03/09/2020 03/09/20 For Sale $109,500 -- --
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 $4,639 $59,955 $6,455 $53,500
2023 $4,347 $52,866 $5,692 $47,174
2022 $4,142 $47,253 $5,088 $42,165
2021 $3,962 $43,327 $4,665 $38,662
2020 $3,852 $40,959 $4,410 $36,549
2019 $3,604 $37,902 $4,203 $33,699
2018 $3,812 $39,172 $3,961 $35,211
2017 $3,930 $37,489 $3,791 $33,698
2016 $3,895 $36,786 $3,720 $33,066
2015 $3,944 $36,786 $3,720 $33,066
2014 $4,356 $39,634 $4,644 $34,990
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2020

    Debbie Rheingans

    Dickerson & Nieman Realtors

    Section Image

  • N

    Buyer's Agent in 2020

    Nancy Johnson

    Century 21 Affiliated

    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10660712

Midwest Real Estate Data (MRED)

APN: 12-19-410-013

Illinois Winnebago County Rockford 61107 Palmwood

514 Fairview Blvd, Rockford, IL

This home is located at 514 Fairview Blvd, Rockford, IL 61107 since 09 March 2020 and is currently estimated at $210,307. This property was built in 1959. 514 Fairview Blvd is a home located in Winnebago County with nearby schools including Maud E. Johnson Elementary School, Abraham Lincoln Middle School, and Rockford East High School.

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