Becky Gerig
Responds Quickly
RE/MAX Choice
(309) 503-0970
294 Total Sales
3 in Lincoln
$90K - $142K Price Range
524 3rd St Lincoln, IL 62656
Lincoln AreaEstimated Value: $415,513
Studio
--
Baths
11,592
Sq Ft
$36/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
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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
- Brick Exterior Construction
- 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
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
Oct 23, 2017
Closed on
Oct 11, 2018
Sold by
Denny Montie
Bought by
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
$120,513
Avg. Annual Appreciation
4.13%
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%
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Lincoln, IL
-
Becky Gerig
-
Phil Chiles
Phil Chiles
Keller Williams Capital
(217) 606-8574
224 Total Sales
1 in Lincoln
$70,000 Price
-
Gordon Johnson
Gordon Johnson
Johnson Real Estate
(217) 292-7498
49 Total Sales
12 in Lincoln
$26K - $225K Price Range
-
Julie Davis
Julie Davis
The Real Estate Group, Inc.
(217) 860-0893
446 Total Sales
3 in Lincoln
$31K - $144K Price Range
-
Lindsay Prewitt
Lindsay Prewitt
eXp Realty
(309) 490-8455
218 Total Sales
7 in Lincoln
$110K - $239K Price Range
-
Greta Janis
Greta Janis
eXp Realty
(308) 824-8402
34 Total Sales
1 in Lincoln
$129,900 Price
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 |
|---|---|---|---|
| $295,000 | None Available | ||
| Denny Montie | $92,000 | -- |
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 |
|---|---|---|---|
| Closed | $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
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 | Prior Sale |
|---|---|---|---|---|---|
| 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 | View Prior Sale |
| 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
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 | $11,299 | $132,430 | $18,270 | $114,160 |
| 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
MS
Seller's Agent in 2018
Michael Simonson
Werth & Assoc, REALTORS
(217) 737-7234
48 Total Sales
Map
Source: RMLS Alliance
MLS Number: CA20170587
APN: 12-355-158-00
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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