NOT LISTED FOR SALE

541 N Russell Ave Geneseo, IL 61254

Estimated Value: $151,000 - $187,000

3 Beds
2 Baths
2,246 Sq Ft
$74/Sq Ft Est. Value

Last Sold March 01, 2022

Last sale price $87,000 $39 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $1,232/month

432 Days on Market

About This Home

As of March 2022

Expand your portfolio with this fully occupied duplex in Geneseo! Single-family conversion that also has a 2 car garage. Interior pictures are from when the property was vacant. Could be packaged with 516 N State St, Geneseo (QC4221537). Sold as-is.

Last Agent to Sell the Property

Dave Rossa

Mel Foster Co. Moline License #475.106756/S38561000 Listed on: 10/23/2020

Mel Foster Co. Moline

Co-Listed By

Nick Rossa

Mel Foster Co. Moline License #S66102000/475.179618

Last Buyer's Agent

Valerie Vincent

RE/MAX Concepts Moline License #475.188783/ S69265000

RE/MAX Concepts Moline

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,605

Year Built

  • Built in 1928

Lot Details

  • 10,019

Interior Spaces

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

Parking

  • Garage
  • Garage Door Opener

Schools

  • Geneseo High School

Utilities

  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electric only

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,605

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: 2+ Story
  • Legal Description: N34 Of Lt 9 & S40 Lot 10 Blk 2 Stoughs Add City Of Geneseo
  • Lvt Date: 10/23/2020
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Cable Tv Available, Garage Door Opener(s)
  • Number of Ranges: 2
  • Number Refrigerators: 2
  • Basement: Full
  • Price Per Sq Ft: 38.74
  • Total Sq Ft: 2246

Exterior Features

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

Garage/Parking

  • Garage Parking: Detached
  • Number Parking Spaces: 2

Utilities

  • Heating Cooling: Gas, Water Heater - Gas, Window Units
  • Water Sewer: Public Sewer, Public Water
  • Gas Expense: 993
  • Laundry Facilities: Units Hook-Ups
  • Water Sewer Expenses: 615

Schools

  • High School: Geneseo High School
  • High School: Geneseo High School

Lot Info

  • Estimated Lot Size: 74 x 132
  • Lot Description: Level
  • Subdivision: Stough
  • Geo Subdivision: IL

Rental Info

  • Tenant Pays: Electric Only
  • Gross Annual Rent Income: 16980
  • Lease Information: Various Terms
  • Management Expense: 1594

Tax Info

  • Annual Taxes: 3605.48
  • Parcel Id Number Tax Id: 08-16-401-013
  • Tax Year: 2019

Multi Family

  • Total Number Units: 2
  • Gross Annual Income: 16980
  • Total Number Central Air Units: 1
  • Total Number Electric Meters: 2
  • Total Number Gas Meters: 1
  • Total Number Heating Units: 1
  • Total Number Water Heaters: 1
  • Total Number Water Meters: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 23, 2020
Closed on
Feb 21, 2022
Sold by
Mccallum Real Estate Llc
Bought by
Lathrop Thomas H and Lathrop Michell M
Seller's Agent
Dave Rossa
Mel Foster Co. Moline
Buyer's Agent
Valerie Vincent
RE/MAX Concepts Moline
List Price
$115,000
Sold Price
$87,000
Premium/Discount to List
-$28,000
-24.35%
Current Estimated Value
$165,916

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,916
Avg. Annual Appreciation
20.13%
Original Mortgage
$82,650
Outstanding Balance
$77,162
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
$88,754

Purchase Details

Closed on
Jan 12, 2016
Sold by
Woitel Kelly J and Woitel Susan J
Bought by
Mccallum Real Estate Llc

Purchase Details

Closed on
Mar 24, 2009
Sold by
Woitel Kelly J and Woitel Susan J
Bought by
Woitel Kelly J and Woitel Susan J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,000
Interest Rate
5.06%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Lathrop Thomas H $87,000 None Listed On Document
Lathrop Thomas H $87,000 None Listed On Document
Mccallum Real Estate Llc $98,000 Attorney
Woitel Kelly J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lathrop Thomas H $82,650
Closed Lathrop Thomas H $82,650
Previous Owner Mccallum Real Estate Llc $80,000
Previous Owner Woitel Kelly J $44,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2022 03/01/22 Sold $87,000 -13.0% $39 / Sq Ft
12/29/2021 12/29/21 Pending -- -- --
06/23/2021 06/23/21 Price Changed $100,000 -13.0% $45 / Sq Ft
03/01/2021 03/01/21 For Sale $115,000 +32.2% $51 / Sq Ft
03/01/2021 03/01/21 Off Market $87,000 -- --
10/23/2020 10/23/20 For Sale $115,000 -- $51 / Sq Ft
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 $4,023 $55,494 $5,739 $49,755
2023 $3,533 $50,541 $5,227 $45,314
2022 $3,817 $46,971 $4,858 $42,113
2021 $3,739 $45,781 $4,735 $41,046
2020 $3,722 $46,206 $4,779 $41,427
2019 $3,605 $45,691 $4,725 $40,966
2018 $3,421 $43,186 $4,466 $38,720
2017 $3,217 $42,092 $4,353 $37,739
2016 $3,356 $41,026 $4,243 $36,783
2015 $3,373 $40,945 $4,235 $36,710
2013 $3,373 $40,179 $4,156 $36,023
Source: Public Records

Agents Affiliated with this Home

  • Dave Rossa

    Seller's Agent in 2022

    Dave Rossa

    [Mel Foster Brand]

    (309) 277-7501

    5 in this area

    122 Total Sales

    Dave Rossa
    Section Image
  • Nick Rossa

    Seller Co-Listing Agent in 2022

    Nick Rossa

    [Mel Foster Brand]

    (309) 236-4786

    4 in this area

    120 Total Sales

    Nick Rossa
    Section Image
  • Valerie Vincent

    Buyer's Agent in 2022

    Valerie Vincent

    RE/MAX

    (309) 236-0139

    23 in this area

    121 Total Sales

    Valerie Vincent
    Section Image
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Map

Source: RMLS Alliance

MLS Number: QC4216430

RMLS Alliance

APN: 08-16-401-013

Illinois Henry County Geneseo 61254

541 N Russell Ave, Geneseo, IL

This home is located at 541 N Russell Ave, Geneseo, IL 61254 since 23 October 2020 and is currently estimated at $165,916, approximately $73 per square foot. This property was built in 1928. 541 N Russell Ave is a home located in Henry County with nearby schools including Geneseo High School and St. Malachy School.

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.

RMLS Alliance 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.

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