NOT LISTED FOR SALE

521 Buchanan St Belvidere, IL 61008

Estimated Value: $171,567 - $187,000

2 Beds
1 Bath
1,968 Sq Ft
$91/Sq Ft Est. Value

Sale Details

Date Sold: October 25, 2022

Last sale price $120,000 $61 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $1,244 / mo

120 Days on Market

Highlights

  • Traditional Architecture
  • 3 Car Detached Garage
  • Forced Air Heating System

About This Home

As of October 2022

Great rental history for years. Large 2 bedroom downstairs unit 2nd bedroom leads to full bathroom. This unit has basement door for access to laundry within the unit. Upstairs is a 1 bedroom with a large kitchen and pantry. This unit has access to the basement thru the outside cellar door. 3 car garage needs roof repair, but huge; usually 2 car goes with the downstairs and1 car goes with the upstairs.

Last Agent to Sell the Property

Angie Wait

Keller Williams Realty Signature License #475148472 Listed on: 05/25/2022

Keller Williams Realty Signature

Last Buyer's Agent

Robert McKelvey

Suburban Life Realty, Ltd License #475190832

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,155

Year Built

  • Built in 1900

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 66x132

Parking

  • 3 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Traditional Architecture
  • Asbestos Siding

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 1 Bathroom

Unfinished Basement

  • Basement Fills Entire Space Under The House

Schools

  • Lincoln Elementary School
  • Belvidere South Middle School
  • Belvidere High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $904
  • Gross Income $15,900
  • Net Operating Income $1,704

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,155

Year Built

Built in 1900

Lot Details

8,712 Sq Ft Lot

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Traditional
  • New Construction: No
  • Year Built: 1900
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Asbestos Siding

Garage/Parking

  • Garage Spaces: 3
  • Number of Cars: 3
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Schools

  • Elementary School: Lincoln Elementary School
  • High School: Belvidere High School
  • Middle/Junior School: Belvidere South Middle School

Lot Info

  • Lot Size Acres: 0.2
  • Lot Dimensions: 66X132
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 24

Multi Family

  • Net Operating Income: 1704
  • Insurance Expense: 904
  • GrossIncome: 15900
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 3155.1
  • Tax Year: 2020
  • Tax Exemptions: None

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 25, 2022
Closed on
Oct 25, 2022
Sold by
Bought by
Seller's Agent
Angie Wait
Keller Williams Realty Signature
Buyer's Agent
Robert McKelvey
Suburban Life Realty, Ltd
List Price
$137,500
Sold Price
$120,000
Premium/Discount to List
-$17,500
-12.73%
Current Estimated Value
$178,642

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,642
Avg. Annual Appreciation
11.65%
Original Mortgage
$1,000,000
Outstanding Balance
$865,235
Interest Rate
6.16%
Mortgage Type
Construction
Estimated Equity
-$686,593

Purchase Details

Closed on
Dec 14, 2007
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$120,000 Title Underwriters Agency
-- --
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 $1,000,000
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
10/25/2022 10/25/22 Sold $120,000 -7.6% $61 / Sq Ft
09/23/2022 09/23/22 Pending -- -- --
06/23/2022 06/23/22 Price Changed $129,900 -5.5% $66 / Sq Ft
05/25/2022 05/25/22 For Sale $137,500 -- $70 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $3,535 $44,380 $3,844 $40,536
2024 $3,535 $43,681 $3,844 $39,837
2023 $3,776 $39,667 $5,894 $33,773
2022 $3,425 $35,360 $5,894 $29,466
2021 $3,266 $33,651 $5,894 $27,757
2020 $3,155 $30,598 $6,214 $24,384
2019 $3,001 $47,074 $24,856 $22,218
2018 $3,060 $104,205 $82,700 $21,505
2017 $2,973 $27,943 $6,512 $21,431
2016 $2,856 $25,744 $6,406 $19,338
2015 $2,853 $25,006 $8,008 $16,998
2014 $1,042 $24,639 $8,008 $16,631
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11414423

Midwest Real Estate Data (MRED)

APN: 05-25-378-010

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