NOT LISTED FOR SALE

516 N State St Geneseo, IL 61254

Geneseo Area

Estimated Value: $112,000 - $144,000

5 Beds
2 Baths
2,076 Sq Ft
$62/Sq Ft Est. Value

Sale Details

Date Sold: December 9, 2022

Last sale price $75,000 $36 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $931 / mo

545 Days on Market

About This Home

As of December 2022

Increase your portfolio with this fully occupied up/down duplex in Geneseo! Tenants take care of snow removal and tenants pay all utilities. Sold as-is.

Last Agent to Sell the Property

Dave Rossa

Mel Foster Co. Moline License #475.106756/S38561000 Listed on: 05/13/2021

Mel Foster Co. Moline

Co-Listed By

Nick Rossa

Mel Foster Co. Moline License #S66102000/475.179618

Last Buyer's Agent

Madison Miller

Ruhl&Ruhl REALTORS Moline License #S70020000/475200317

Ruhl&Ruhl REALTORS Moline

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,309

Year Built

  • Built in 1907

Lot Details

  • 10,019

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House

Schools

  • Geneseo High School

Utilities

  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,309

Year Built

Built in 1907

Lot Details

10,019 Sq Ft Lot

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: 2+ Story
  • Legal Description: N70 LOT 4 BLK 4 STOUGHS ADD CITY OF GENESEO
  • Lvt Date: 05/13/2021
  • Year Built: 1907
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Cable Tv Available
  • Number of Ranges: 2
  • Number Refrigerators: 2
  • Basement: Full
  • Price Per Sq Ft: 36.13
  • Total Sq Ft: 2076

Exterior Features

  • Exterior: Aluminum Siding
  • Road Access: Curbs & Gutters, Paved
  • Roofing: Shingles

Garage/Parking

  • Garage Parking: On-Street Parking
  • Number Parking Spaces: 2

Utilities

  • Heating Cooling: Forced Air, Gas, Water Heater - Gas, Window Units
  • Water Sewer: Public Sewer, Public Water
  • Laundry Facilities: No Laundry Equipment
  • Number Window Units: 2

Schools

  • High School: Geneseo High School

Lot Info

  • Estimated Lot Size: 70 x 141
  • Lot Description: Level
  • Subdivision: Strough
  • Geo Subdivision: IL

Rental Info

  • Tenant Pays: All Utilities
  • Gross Annual Rent Income: 17640
  • Lease Information: 1 Year

Tax Info

  • Annual Taxes: 2309.46
  • Parcel Id Number Tax Id: 08-16-328-018
  • Tax Year: 2019

Multi Family

  • Total Number Units: 2
  • Gross Annual Income: 17640
  • 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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2021
Closed on
Dec 6, 2022
Sold by
Mccallum Real Estate Llc
Bought by
Seller's Agent
Dave Rossa
Mel Foster Co. Moline
Buyer's Agent
Madison Miller
Ruhl&Ruhl REALTORS Moline
List Price
$100,000
Sold Price
$75,000
Premium/Discount to List
-$25,000
-25%
Views
75
Current Estimated Value
$128,048

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,048
Avg. Annual Appreciation
15.51%
Original Mortgage
$90,000
Outstanding Balance
$81,762
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$46,286

Purchase Details

Closed on
Jun 1, 2016
Sold by
Mcgee Vera K and Mcgee Duane T
Bought by
Mc Callum Real Estate Llc
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Geneseo, IL

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$75,000 --
Mc Callum Real Estate Llc $55,000 Attorney
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $90,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/09/2022 12/09/22 Sold $75,000 -25.0% $36 / Sq Ft
11/09/2022 11/09/22 Pending -- -- --
01/28/2022 01/28/22 For Sale $100,000 +33.3% $48 / Sq Ft
01/01/2022 01/01/22 Off Market $75,000 -- --
06/29/2021 06/29/21 Price Changed $100,000 -13.0% $48 / Sq Ft
05/13/2021 05/13/21 For Sale $115,000 -- $55 / Sq Ft
Source: RMLS Alliance

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $3,016 $37,856 $6,654 $31,202
2024 $2,889 $35,546 $6,248 $29,298
2023 $2,568 $32,373 $5,690 $26,683
2022 $2,445 $30,086 $5,288 $24,798
2021 $2,395 $29,324 $5,154 $24,170
2020 $2,384 $29,596 $5,202 $24,394
2019 $2,309 $29,267 $5,144 $24,123
2018 $2,191 $27,663 $4,862 $22,801
2017 $2,061 $26,962 $4,739 $22,223
2016 $2,328 $28,454 $4,619 $23,835
2015 $2,168 $28,397 $4,610 $23,787
2013 $2,168 $27,865 $4,523 $23,342
Source: Public Records

Agents Affiliated with this Home

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Map

Source: RMLS Alliance

MLS Number: RMAQC4221537

RMLS Alliance

APN: 08-16-328-018

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