NOT LISTED FOR SALE

601 3rd Ave Sterling, IL 61081

Estimated Value: $67,000 - $80,000

4 Beds
2 Baths
-- Sq Ft
3,746 Sq Ft

Last Sold March 02, 2020

Last sale price $38,000

Est. 93% increase in value since last sale

Current estimated payment $492/month

294 Days on Market

About This Home

As of March 2020

Good income property! Corner location with one unit on main level and the other upstairs. 2 bedrooms and 1 bath each unit. Many updates have already been done. Furnace approximately 5-6 years old. Newer vinyl windows. Stove and refrigerator included in each unit. Washer and dryer hookups in basement. All utilities paid by owner. Main floor unit currently rented.

Last Agent to Sell the Property

Tracey DeCrane

RE/MAX Town Lake & Country License #475122157 Listed on: 04/11/2019

RE/MAX Town Lake & Country

Last Buyer's Agent

Karla Boyungs

United Country Sauk Valley Realty License #475165212

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,127

Year Built

  • Built in 1900

Lot Details

  • 3,746

Home Design

  • Slate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Parking

  • 1 Parking Space
  • Uncovered Parking
  • Off-Street Parking

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 50 x 75
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,127

Year Built

Built in 1900

Lot Details

3,746 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Slate

Garage/Parking

  • Parking Features: Off Street
  • ParkingTotal: 1
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: N/A

Utilities

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

Lot Info

  • Lot Dimensions: 50 X 75
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 19

Tax Info

  • Tax Annual Amount: 1126.52
  • Tax Year: 2017
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: Other

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2019
Closed on
Mar 2, 2020
Sold by
Beierwaltes Richard
Bought by
Jimenez Sierra
Seller's Agent
Tracey DeCrane
RE/MAX Town Lake & Country
Buyer's Agent
Karla Boyungs
United Country Sauk Valley Realty
List Price
$59,900
Sold Price
$38,000
Premium/Discount to List
-$21,900
-36.56%
Current Estimated Value
$73,277

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,277
Avg. Annual Appreciation
11.65%
Original Mortgage
$38,000
Outstanding Balance
$33,430
Interest Rate
3.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$39,847

Purchase Details

Closed on
Apr 1, 2016
Sold by
Kehl Keith
Bought by
Beierwaltes Richard

Purchase Details

Closed on
Jan 13, 2012
Sold by
Hudson Kayla L
Bought by
Kehl Keith

Purchase Details

Closed on
May 20, 2011
Sold by
Solis Rosendo S and Solis Rozella C
Bought by
Hudson Kayla L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Jimenez Sierra $38,000 None Available
Beierwaltes Richard $10,000 Attorney
Kehl Keith $7,000 None Available
Hudson Kayla L $35,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jimenez Sierra $38,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/02/2020 03/02/20 Sold $38,000 -5.0% --
01/30/2020 01/30/20 Pending -- -- --
12/04/2019 12/04/19 Price Changed $39,999 -8.6% --
11/04/2019 11/04/19 Price Changed $43,750 -2.6% --
09/12/2019 09/12/19 Price Changed $44,900 -10.0% --
07/03/2019 07/03/19 Price Changed $49,900 -3.1% --
05/13/2019 05/13/19 Price Changed $51,500 -14.0% --
04/11/2019 04/11/19 For Sale $59,900 -- --
Source: Midwest Real Estate Data (MRED)

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 $1,374 $19,179 $3,107 $16,072
2023 $1,259 $18,004 $2,917 $15,087
2022 $874 $14,175 $2,791 $11,384
2021 $806 $13,368 $2,632 $10,736
2020 $1,144 $10,383 $2,540 $7,843
2019 $1,137 $10,195 $2,494 $7,701
2018 $1,124 $10,211 $2,498 $7,713
2017 $1,127 $10,141 $2,481 $7,660
2016 $1,098 $9,814 $2,401 $7,413
2015 $1,050 $10,083 $2,467 $7,616
2014 $1,048 $9,859 $2,412 $7,447
2013 $1,050 $10,083 $2,467 $7,616
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10341393

Midwest Real Estate Data (MRED)

APN: 1121412015

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