NOT LISTED FOR SALE

549 W Water St Waukegan, IL 60085

Estimated Value: $213,341 - $265,000

6 Beds
2 Baths
1,936 Sq Ft
$125/Sq Ft Est. Value

Last Sold February 23, 2016

Last sale price $48,000 $25 Per Sq Ft

Est. 403% increase in value since last sale

Current estimated payment $1,640/month

14 Days on Market

About This Home

As of February 2016

This is a Fannie Mae HomePath property! Makes sense for owner occupant or investor. Live in one have the other one pay mortgage. Three bedrooms in each unit, full kitchen, bath and living room. Full basement with exterior access. Common entrance. Short walk to downtown Waukegan and train station servicing Chicago. Park and schools near by too. Apartments show previous rental history of $650 per month!

Last Agent to Sell the Property

John Dulek

Century 21 Affiliated Maki Listed on: 10/23/2015

Last Buyer's Agent

Flor Luis Washington

Century 21 Circle License #475134379

Century 21 Circle

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,285

Year Built

  • Built in 1910

Lot Details

  • 3,311

Home Design

  • Asphalt Roof

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 2 Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 33 x 100

Community Details

  • 2 Units

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,285

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1910
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 6
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • List Price: 44900
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Other

Garage/Parking

  • Parking: None

Utilities

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

Schools

  • Middle/Junior School District: 60

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 33 X 100
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 2284.78
  • Tax Year: 2013
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 23, 2015
Closed on
Feb 12, 2016
Sold by
Fannie Mae
Bought by
Palma Cynthia
Seller's Agent
John Dulek
Century 21 Affiliated Maki
Buyer's Agent
Flor Luis Washington
Century 21 Circle
List Price
$44,900
Sold Price
$48,000
Premium/Discount to List
$3,100
6.9%
Current Estimated Value
$241,585

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$193,585
Avg. Annual Appreciation
18.87%

Purchase Details

Closed on
Sep 30, 2015
Sold by
Taylor Adam
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jan 15, 2013
Sold by
Mt Homes Llc
Bought by
Taylor Adam

Purchase Details

Closed on
Aug 31, 2012
Sold by
Taylor Adam
Bought by
Mt Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,100
Interest Rate
3.56%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 15, 2012
Sold by
Mt Homes Llc
Bought by
Taylor Adam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,100
Interest Rate
3.56%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 31, 2012
Sold by
Mt Homes Llc
Bought by
Taylor Adam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,100
Interest Rate
3.56%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 21, 2008
Sold by
Mt Homes Llc
Bought by
Mt Homes Llc 549 Water

Purchase Details

Closed on
Apr 30, 2008
Sold by
Deutsche Bank National Trust Co
Bought by
Mt Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,750
Interest Rate
5.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 3, 2008
Sold by
Rivera Alejandrina
Bought by
Deutsche Bank National Trust Co and The Soundview Home Loan Trust 2006-3

Purchase Details

Closed on
Jun 16, 2006
Sold by
Chang Bing Y
Bought by
Castillo Pablo and Rivera Alejandrina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,000
Interest Rate
9.59%
Mortgage Type
Unknown
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
Palma Cynthia -- Fidelity National Title
Federal National Mortgage Association -- Attorney
Taylor Adam -- None Available
Mt Homes Llc -- None Available
Taylor Adam -- None Available
Taylor Adam -- None Available
Mt Homes Llc 549 Water -- None Available
Mt Homes Llc $65,000 None Available
Deutsche Bank National Trust Co -- None Available
Castillo Pablo $76,000 Law Title Oak Brook
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Taylor Adam $113,100
Previous Owner Mt Homes Llc $123,750
Previous Owner Castillo Pablo $81,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/23/2016 02/23/16 Sold $48,000 +6.9% $25 / Sq Ft
11/06/2015 11/06/15 Pending -- -- --
10/23/2015 10/23/15 For Sale $44,900 -- $23 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $3,875 $47,990 $4,489 $43,501
2023 $3,096 $41,097 $3,844 $37,253
2022 $3,096 $37,672 $3,124 $34,548
2021 $2,474 $29,729 $2,608 $27,121
2020 $2,459 $27,696 $2,430 $25,266
2019 $2,423 $25,379 $2,227 $23,152
2018 $2,443 $24,403 $2,759 $21,644
2017 $2,218 $21,590 $2,441 $19,149
2016 $2,899 $18,761 $2,121 $16,640
2015 $2,836 $16,791 $1,898 $14,893
2014 $2,285 $13,503 $1,791 $11,712
2012 $3,098 $14,631 $1,941 $12,690
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09071585

Midwest Real Estate Data (MRED)

APN: 08-21-322-007