$320,000
SOLD JUL 15, 2020

551 Ryan Ln West Dundee, IL 60118

6 Beds
4 Baths
-- Sq Ft
8,276 Sq Ft Lot

Recently Sold

2% Below List Price

31 Days on Market

About This Home

As of July 2020

*CHECK OUT THE VIDEO TOUR* THE PERFECT OPPORTUNITY TO INVEST IN REAL ESTATE * LIVE IN ONE OF THE THREE UNITS OR CREATE PASSIVE INCOME WITH THIS LEGAL 3 FLAT * PROPERTY BRINGS IN $3130 A MONTH * HUGE VALUE PROPERTY W/ ROOM TO INCREASE RENT TO MARKET VALUE * LARGE PARKING LOT IN BACK * 4 SEPARATE ENTRANCES * REBUILD OF LAUNDRY ROOM IN PROGRESS * 2 OF THE UNITS ARE 2 BEDROOM 1 BATH & 1 UNIT IS A 2 BEDROOM 2 BATH * TENANTS PAY FOR ELECTRICITY *

Last Agent to Sell the Property

Valentino Ranallo

CENTURY 21 New Heritage West Listed on: 05/05/2020

CENTURY 21 New Heritage West

Last Buyer's Agent

Jayesh Parekh

Charles Rutenberg Realty of IL License #475149245

Charles Rutenberg Realty of IL

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,660

Year Built

  • Built in 1972 | Remodeled in 2015

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 5 Parking Spaces
  • Uncovered Parking
  • Parking Space is Owned

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas

Additional Features

  • Partial Basement
  • 8,276 Sq Ft Lot

Community Details

Overview

  • 3 Units

Building Details

  • Fuel Expense $1,800
  • Water Sewer Expense $570
  • Gross Income $3,010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,660

Year Built

Built in 1972 | Remodeled in 2015

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1972
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2015
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2015

Interior Features

  • Basement: Partial
  • Total Bathrooms: 4
  • Total Bedrooms: 6
  • Basement Description: Partially Finished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • List Price: 325000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • ParkingTotal: 5
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Baseboard
  • Water Source: Public

Fee Information

  • Water Sewer Expenses: 570

Schools

  • Middle/Junior School District: 300

Lot Info

  • Lot Size Acres: 0.19
  • Lot Dimensions: 7,841
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 3

Multi Family

  • Fuel Expense: 1800
  • GrossIncome: 3010
  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 9660.19
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2020
Closed on
Jul 30, 2020
Sold by
Puchyr John A and Puchyr Linda S
Bought by
Puehyr Linda S and Puehyr John A
Seller's Agent
Valentino Ranallo
CENTURY 21 New Heritage West
Buyer's Agent
Jayesh Parekh
Charles Rutenberg Realty of IL
List Price
$325,000
Sold Price
$320,000
Premium/Discount to List
-$5,000
-1.54%
Current Estimated Value
$482,737

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$162,737
Avg. Annual Appreciation
8.23%
Original Mortgage
$240,000
Outstanding Balance
$171,155
Interest Rate
2.87%
Mortgage Type
New Conventional
Estimated Equity
$311,582

Purchase Details

Listed on
May 5, 2020
Closed on
Jul 14, 2020
Sold by
Puchyr Linda S
Bought by
Bhatia Riten
Seller's Agent
Valentino Ranallo
CENTURY 21 New Heritage West
Buyer's Agent
Jayesh Parekh
Charles Rutenberg Realty of IL
List Price
$325,000
Sold Price
$320,000
Premium/Discount to List
-$5,000
-1.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Outstanding Balance
$171,155
Interest Rate
2.87%
Mortgage Type
New Conventional
Estimated Equity
$311,582

Purchase Details

Closed on
Oct 26, 2010
Sold by
Poincelet Pamela J
Bought by
Pamela J Poincelet Trust #1

Purchase Details

Closed on
Apr 16, 2001
Sold by
Peters Robert G and Peters Jane M
Bought by
Puchyr John A and Puchyr Linda S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
7.05%

Purchase Details

Closed on
Aug 22, 2000
Sold by
Roeser John O and Roeser Jeannine J
Bought by
Peters Robert G and Peters Jane M
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 Type Sale Price Title Company
Interfamily Deed Transfer -- Fidelity National Title
Warranty Deed $320,000 Fidelity National Title
Interfamily Deed Transfer -- None Available
Warranty Deed $180,000 --
Warranty Deed $41,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $240,000 New Conventional
Previous Owner $130,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2020 07/15/20 Sold $320,000 -1.5% --
06/05/2020 06/05/20 Pending -- -- --
05/23/2020 05/23/20 For Sale $325,000 0.0% --
05/09/2020 05/09/20 Pending -- -- --
05/05/2020 05/05/20 For Sale $325,000 -- --
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 $10,513 $128,975 $30,074 $98,901
2023 $9,931 $116,048 $27,060 $88,988
2022 $8,375 $95,062 $27,060 $68,002
2021 $8,110 $89,757 $25,550 $64,207
2020 $7,972 $87,739 $24,976 $62,763
2019 $7,743 $83,291 $23,710 $59,581
2018 $9,660 $101,289 $23,241 $78,048
2017 $9,243 $94,751 $21,741 $73,010
2016 $9,445 $91,742 $21,051 $70,691
2015 -- $81,062 $19,725 $61,337
2014 -- $78,823 $19,180 $59,643
2013 -- $81,236 $19,767 $61,469
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10706462

Midwest Real Estate Data (MRED)

APN: 03-27-233-010