NOT LISTED FOR SALE

601 5th Ave Sterling, IL 61081

Estimated Value: $57,000

8 Beds
8 Baths
-- Sq Ft
4,400 Sq Ft Lot

Last Sold November 16, 2020

Last sale price $30,000

Est. 90% increase in value since last sale

Current estimated payment $409/month

160 Days on Market

About This Home

As of November 2020

Apartment building with 8 efficiency units. Empty now but in the past has taken in over $2400 monthly when fully rented. Centrally located for those who don't drive. Needs work but brings a lot of potential.

Last Agent to Sell the Property

Debora J proctor

Bardier & Ramirez Real Estate License #475140667 Listed on: 05/19/2020

Last Buyer's Agent

Non Member

NON MEMBER

Property Details

Home Type

  • Multi-Family

Year Built

  • 1900

Lot Details

  • 4,400

Home Design

  • Block Foundation
  • Aluminum Siding

Listing and Financial Details

  • Tenant pays for electric

Property Details

Home Type

Multi-Family

Year Built

1900

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Single Room Occupancy
  • Ownership Type: Individual
  • Potential Use: Single Room Occupancy
  • Utilities To Site: Sanitary Sewer to Site, Water-Municipal
  • Zoning Type: MULTI
  • Estimated Age: Older
  • Outdoor Parking: 1-5 Spaces
  • Roof Coverings: Shingle Composition
  • Roof Structure: Pitched
  • Number of Ranges: 4
  • Number Of Refrigs: 4
  • Number Of Stories: 2
  • Estimated Year Built: 1900
  • Type Multi Family: Corridor-Exterior Entrance
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1900

Exterior Features

  • Foundation: Block
  • Exterior Building Type: Aluminum Siding
  • Construction: Wood Frame
  • Frontage Access: City Street

Garage/Parking

  • Number Of Parking Spaces: 5

Utilities

  • Heatventilation: Electric

Condo/Co-op/Association

  • Units in Building: 8

Fee Information

  • Electrical Service: Circuit Breakers

Lot Info

  • Lot Dimensions: 80X55
  • Parcel Identification Number: 11214320120000

Rental Info

  • Tenant Pays: Electric

Tax Info

  • Taxes: 1392

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 6, 2023
Sold by
Raghavan Prasanna and Raghavan Tapuja
Bought by
Corwell Properties Llc
Current Estimated Value
$57,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,500
Outstanding Balance
$45,260
Interest Rate
7.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 19, 2020
Closed on
Nov 12, 2020
Sold by
Trimble James R
Bought by
Raghavan Prasanna and Raghavan Tanuja
Seller's Agent
Debora J proctor
Bardier & Ramirez Real Estate
Buyer's Agent
Non Member
NON MEMBER
List Price
$39,999
Sold Price
$30,000
Premium/Discount to List
-$9,999
-25%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Corwell Properties Llc $62,000 None Listed On Document
Raghavan Prasanna -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Corwell Properties Llc $46,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/16/2020 11/16/20 Sold $30,000 -25.0% --
10/26/2020 10/26/20 Pending -- -- --
10/22/2020 10/22/20 For Sale $39,999 +33.3% --
10/20/2020 10/20/20 Off Market $30,000 -- --
10/06/2020 10/06/20 For Sale $39,999 0.0% --
08/24/2020 08/24/20 Pending -- -- --
08/21/2020 08/21/20 Price Changed $39,999 -5.9% --
06/25/2020 06/25/20 Price Changed $42,500 -5.6% --
05/19/2020 05/19/20 For Sale $45,000 -- --
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 $1,326 $12,721 $2,847 $9,874
2023 $1,334 $12,721 $2,847 $9,874
2022 $1,359 $12,721 $2,847 $9,874
2021 $1,391 $12,721 $2,847 $9,874
2020 $1,401 $12,721 $2,847 $9,874
2019 $1,392 $12,490 $2,795 $9,695
2018 $1,378 $12,510 $2,799 $9,711
2017 $1,380 $12,424 $2,780 $9,644
2016 $1,345 $12,023 $2,690 $9,333
2015 $3,263 $31,344 $2,764 $28,580
2014 $3,256 $30,649 $2,703 $27,946
2013 $3,263 $31,344 $2,764 $28,580
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10719213

Midwest Real Estate Data (MRED)

APN: 1121432012