NOT LISTED FOR SALE

601 Ryan Ln West Dundee, IL 60118

Estimated Value: $458,282 - $503,000

7 Beds
4 Baths
-- Sq Ft
7,841 Sq Ft Lot

Last Sold July 30, 2020

Last sale price $315,000

Est. 52% increase in value since last sale

Current estimated payment $3,338/month

4 Days on Market

Highlights

  • Lower Floor Utility Room
  • Shed
  • Paved or Partially Paved Lot
  • Dundee Highlands Elementary School Rated A-
  • Baseboard Heating
  • Senior Tax Exemptions

About This Home

As of July 2020

Well Cared For 3 Flat in West Dundee ~ Walking Distance to the Downtown Area ~ Main Level Unit has a Living Room, Kitchen, 3 Bedrooms, 2 Full Baths and a Family Room ~ Basement has Storage Units for Tenants and a Coin Laundry. Upper Level Units Have a Kitchen, Living Room, 2 Bedrooms and a Bath, Unit 2 has been freshly painted and new appliances. I do have photos of the Upper Unit, they are both the same layout. Unit #1 is Owner Occupied and will be staying and paying rent to the new owner. This will then be a fully leased property for the investors!! Tenants Pay Electric!

Last Agent to Sell the Property

Susan Price

Baird & Warner Real Estate - A License #475120055 Listed on: 05/22/2020

Baird & Warner Real Estate - A

Last Buyer's Agent

Esther Zamudio

Zamudio Realty Group License #471021065

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,720

Year Built

  • Built in 1972

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 66 x 120
  • Paved or Partially Paved Lot

Home Design

  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 4 Bathrooms

Unfinished Basement

  • Partial Basement
  • Sump Pump

Parking

  • 6 Parking Spaces
  • Uncovered Parking
  • Parking Included in Price

Additional Features

  • Lower Floor Utility Room
  • Shed
  • Baseboard Heating

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions

Community Details

Overview

  • 3 Units

Building Details

  • Electric Expense $240
  • Fuel Expense $1,024
  • Water Sewer Expense $1,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,720

Year Built

Built in 1972

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): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial
  • Total Bathrooms: 4
  • Total Bedrooms: 7
  • Other Equipment: Sump Pump
  • Room Type: Utility Room-Lower Level
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Foundation Details: Concrete Perimeter
  • OtherStructures: Shed(s)
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Brick,Stone

Garage/Parking

  • ParkingTotal: 6
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Baseboard
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved

Fee Information

  • Water Sewer Expenses: 1500

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.18
  • Lot Dimensions: 66 X 120
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 5
  • Is Parking Included in Price: Yes

Multi Family

  • Fuel Expense: 1024
  • ElectricExpense: 240
  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 6720.04
  • Tax Year: 2019
  • Tax Exemptions: Homeowner,Senior

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2020
Closed on
Jul 29, 2020
Sold by
James Cynthia L and Scott Family Revocable Living
Bought by
Martinez Alma E
Seller's Agent
Susan Price
Baird & Warner Real Estate - A
Buyer's Agent
Esther Zamudio
Zamudio Realty Group
List Price
$325,000
Sold Price
$315,000
Premium/Discount to List
-$10,000
-3.08%
Current Estimated Value
$480,071

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$165,071
Avg. Annual Appreciation
8.02%
Original Mortgage
$252,000
Outstanding Balance
$226,537
Interest Rate
3.75%
Mortgage Type
New Conventional
Estimated Equity
$253,534

Purchase Details

Closed on
Jul 27, 2015
Sold by
Scott Harry D and Scott Vivian J
Bought by
Scott Family Revocable Living Trust and Scott Vivian J
Source: Public Records
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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
Martinez Alma E $315,000 Chicago Title
Scott Family Revocable Living Trust -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martinez Alma E $252,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/30/2020 07/30/20 Sold $315,000 -3.1% --
05/26/2020 05/26/20 Pending -- -- --
05/22/2020 05/22/20 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 $9,939 $129,934 $30,074 $99,860
2023 $9,320 $116,911 $27,060 $89,851
2022 $7,846 $95,062 $27,060 $68,002
2021 $7,568 $89,757 $25,550 $64,207
2020 $6,973 $87,739 $24,976 $62,763
2019 $6,720 $83,291 $23,710 $59,581
2018 $8,611 $101,289 $23,241 $78,048
2017 $8,170 $94,751 $21,741 $73,010
2016 $8,312 $91,742 $21,051 $70,691
2015 -- $82,552 $19,725 $62,827
2014 -- $80,272 $19,180 $61,092
2013 -- $82,729 $19,767 $62,962
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10722825

Midwest Real Estate Data (MRED)

APN: 03-27-276-001