M
Seller's Agent in 2018
Michael Simonson
Werth & Assoc, REALTORS
(217) 737-7234
57 Total Sales
524 3rd St Lincoln, IL 62656
Estimated Value: $351,625
--
Bed
--
Bath
11,592
Sq Ft
$30/Sq Ft
Est. Value
Highlights
- Forced Air Heating System
- Baseboard Heating
- Fenced
- Central Elementary School Rated A-
About This Home
As of October 2018Income producing investment property. 16 rental units all located on one parcel. The main portion of the rental opportunity is 2 matching brick buildings with 6 2-bedroom units for a total of 12. 6 of the units are on the upper-level and 6 are on the lower level. The 3rd building on the property is a two story with both 1 bedroom apartments located on the second floor, the first floor level is currently used as storage but could be turned into an additional apartment or laundry facility. The 4th rental unit is a single family 2 bedroom home with an unfinished basement. There is off street parking in the front and the rear of this property. Major interior renovations in the fall of 2015 & the spring of 2016 included New carpet, paint, light fixtures, bathrooms, appliances, some electrical/heating and cooling and Approximately 80% of the plumbing. 13 2-bedroom 850sq. units produce $7150.00 per month and 2 1-bedroom $850.00 per month for a yearly total of $96,000. All lease agreements and security deposits can be provided for lender approval or at the time of an accepted offer.
Last Agent to Sell the Property
Werth & Assoc, REALTORS License #475130057 Listed on: 10/23/2017
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,699
Year Built
- Built in 1942
Lot Details
- Lot Dimensions are 155x153
- Fenced
Home Design
- 11,592 Sq Ft Home
- Shingle Roof
- Metal Roof
- Vinyl Siding
Schools
- Illini Central Elementary School
- Lincoln Middle School
- Lincoln High School
Utilities
- Forced Air Heating System
- Window Unit Heating System
- Baseboard Heating
Listing and Financial Details
- Assessor Parcel Number 12-355-158-00
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 23, 2017
Closed on
Oct 11, 2018
Sold by
Denny Montie
Bought by
Huston Chase
Seller's Agent
Michael Simonson
Werth & Assoc, REALTORS
List Price
$375,000
Sold Price
$295,000
Premium/Discount to List
-$80,000
-21.33%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,625
Avg. Annual Appreciation
2.07%
Original Mortgage
$221,250
Interest Rate
4.5%
Mortgage Type
New Conventional
Purchase Details
Listed on
Oct 21, 2015
Closed on
Dec 9, 2015
Sold by
Bayview Loan Servicing Llc
Bought by
Denny Montie
List Price
$89,000
Sold Price
$91,652
Premium/Discount to List
$2,652
2.98%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
50.92%
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Huston Chase | $295,000 | None Available | |
| Denny Montie | $92,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | Huston Chase A | $100,000 | |
| Open | Huston Chase A | $345,515 | |
| Closed | Huston Chase | $350,000 | |
| Closed | Huston Chase | $221,250 | |
| Previous Owner | Denny Montie W | $125,000 | |
| Previous Owner | Denny Montie W | $223,750 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/12/2018 10/12/18 | Sold | $295,000 | -21.3% | $25 / Sq Ft |
| 09/03/2018 09/03/18 | Pending | -- | -- | -- |
| 10/23/2017 10/23/17 | For Sale | $375,000 | +309.2% | $32 / Sq Ft |
| 12/11/2015 12/11/15 | Sold | $91,652 | +3.0% | $13 / Sq Ft |
| 10/30/2015 10/30/15 | Pending | -- | -- | -- |
| 10/21/2015 10/21/15 | For Sale | $89,000 | -- | $13 / Sq Ft |
Source: RMLS Alliance
Tax History Compared to Growth
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 | $11,299 | $124,940 | $17,240 | $107,700 |
| 2023 | $10,788 | $115,680 | $15,960 | $99,720 |
| 2022 | $10,490 | $107,860 | $14,880 | $92,980 |
| 2021 | $10,135 | $103,850 | $14,330 | $89,520 |
| 2020 | $10,154 | $103,850 | $14,330 | $89,520 |
| 2019 | $9,940 | $101,810 | $14,050 | $87,760 |
| 2018 | $9,679 | $97,890 | $13,510 | $84,380 |
| 2017 | $9,627 | $97,890 | $13,510 | $84,380 |
| 2016 | $9,500 | $99,040 | $13,670 | $85,370 |
| 2015 | $8,931 | $95,440 | $13,170 | $82,270 |
| 2014 | $8,931 | $95,440 | $13,170 | $82,270 |
| 2013 | $8,931 | $88,070 | $12,150 | $75,920 |
| 2012 | $8,931 | $89,360 | $12,330 | $77,030 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Simonson
Map
Source: RMLS Alliance
MLS Number: CA20170587
APN: 12-355-158-00
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