NOT LISTED FOR SALE

521 3rd St Unit 523 Lacon, IL 61540

Estimated Value: $135,000 - $332,112

8 Beds
4 Baths
5,400 Sq Ft
$44/Sq Ft Est. Value

Last Sold January 28, 2013

Last sale price $170,000 $31 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $1,758/month

About This Home

As of January 2013

This is your opportunity to invest in TWO 4-plex apartment buildings in Lacon! Each unit has two bedrooms with stove and refrigerator included. All eight units are currently rented! One year lease for new tenants, then month to month. Tenant pays electric (units have electric heat/air and electric water heaters). Roof overlay in 2004; gutters 2011, new entry doors 2011. Some newer appliances. Requires 24-hour notice for showing.

Last Agent to Sell the Property

Sheri Ford

Traders Realty Corp. License #475122077 Listed on: 12/04/2012

Last Buyer's Agent

PAAR-NON RMLSA AGENT

Non-MLS License #0000000000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,882

Year Built

  • Built in 1972

Lot Details

  • 0.25

Schools

  • Midland Elementary School
  • Midland High School

Utilities

  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electric only

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,882

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: Apartment Building
  • Legal Description: LOT 7 BLK 43 ORIGINAL TOWN
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Cable Tv Available
  • Price Per Sq Ft: 31.48
  • Total Sq Ft: 5400

Exterior Features

  • Exterior: Brick Partial, Wood Siding
  • Road Access: Curbs & Gutters, Paved

Garage/Parking

  • Number Parking Spaces: 10

Utilities

  • Heating Cooling: Electric, Forced Air, Central Air, Water Heater - Electric
  • Water Sewer: Public Sewer, Public Water
  • Garbage Collection Exp: 1440
  • Laundry Facilities: No Laundry Equipment
  • Water Sewer Expenses: 2880

Schools

  • Elementary School: Midland
  • High School: Midland
  • Elementary School: Midland
  • High School: Midland

Lot Info

  • Estimated Lot Size: 66X165
  • Lot Description: Corner, Level
  • Subdivision: Original Town

Rental Info

  • Tenant Pays: Electric Only
  • Gross Annual Rent Income: 40000
  • Lease Information: 1 Year

Tax Info

  • Annual Taxes: 8881.72
  • Parcel Id Number Tax Id: 0436109003
  • Tax Year: 2011

Multi Family

  • Total Number Units: 8
  • Total Number Central Air Units: 8
  • Total Number Electric Meters: 8
  • Total Number Heating Units: 8
  • Total Number Water Heaters: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 4, 2012
Closed on
Jan 28, 2013
Sold by
Armstrong William B and Armstrong Patricia L
Bought by
Nauman Charlene and Nauman Dirk
Seller's Agent
Sheri Ford
Traders Realty Corp.
Buyer's Agent
PAAR-NON RMLSA AGENT
Non-MLS
List Price
$199,000
Sold Price
$170,000
Premium/Discount to List
-$29,000
-14.57%
Current Estimated Value
$236,371

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,371
Avg. Annual Appreciation
2.62%
Original Mortgage
$127,500
Outstanding Balance
$88,758
Interest Rate
3.32%
Estimated Equity
$147,613
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
Nauman Charlene -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nauman Charlene $127,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/28/2013 01/28/13 Sold $170,000 -14.6% $31 / Sq Ft
12/04/2012 12/04/12 For Sale $199,000 -- $37 / Sq Ft
12/24/2011 12/24/11 Pending -- -- --
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 $6,100 $72,649 $3,101 $69,548
2023 $6,100 $66,712 $2,848 $63,864
2022 $5,516 $60,379 $2,578 $57,801
2021 $5,231 $55,958 $2,389 $53,569
2020 $5,206 $54,014 $2,306 $51,708
2019 $5,364 $53,348 $2,278 $51,070
2018 $5,414 $53,348 $2,278 $51,070
2017 $5,648 $2,324 $2,324 $0
2016 $5,648 $55,621 $2,375 $53,246
2014 -- $55,363 $2,364 $52,999
2013 -- $58,770 $2,322 $56,448
Source: Public Records

Agents Affiliated with this Home

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Map

Source: RMLS Alliance

MLS Number: RMAPA1140403

RMLS Alliance

APN: 04-36-109-003