609 S 1st St Princeton, IL 61356
Estimated Value: $224,000 - $258,000
6
Beds
2
Baths
2,736
Sq Ft
$87/Sq Ft
Est. Value
Highlights
- Ranch Style House
- Formal Dining Room
- Living Room
- Home Office
- Patio
- Laundry Room
About This Home
As of March 2020INVESTORS ONLY. Solid long-term investment opportunity for a savvy business-person! This home is one of four owned by Gateway Services, Inc. Purposed to house adult clients in 24-hour residential care, these properties serve individuals and community alike. Gateway is seeking buyers who would be interested in purchasing the property and then entering into a multi-year lease agreement with individuals who reside in these homes, receiving full-time support from the Gateway agency. This home has been maintained per DHS regulations, so you are assured that it is in excellent condition. This is a unique investment vehicle that insures a steady stream of income. Average monthly rental payment per individual is $550. Estimated taxes projected to be $5751.14. See also MLS#'s 10495602,10495604,10495605.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,902
Year Built
- Built in 1995
Lot Details
- 8,812 Sq Ft Lot
- Lot Dimensions are 70 x 120
Home Design
- Ranch Style House
- Slab Foundation
- Asphalt Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2,736 Sq Ft Home
- Family Room
- Living Room
- Formal Dining Room
- Home Office
Kitchen
- Range
- Microwave
- Dishwasher
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Potential Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry Room
- Laundry on main level
- Dryer
- Washer
Parking
- 4 Parking Spaces
- Uncovered Parking
- Parking Space is Owned
Accessible Home Design
- Handicap Shower
- Grab Bar In Bathroom
- Halls are 36 inches wide or more
- Wheelchair Access
- Accessibility Features
- Doors swing in
- Doors with lever handles
- Doors are 32 inches wide or more
- No Interior Steps
- More Than Two Accessible Exits
- Entry Slope Less Than 1 Foot
- Low Pile Carpeting
Outdoor Features
- Patio
- Shed
Utilities
- Central Air
- Heating System Uses Natural Gas
- 200+ Amp Service
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 23, 2019
Closed on
Mar 19, 2020
Sold by
Gateway Services Inc
Bought by
Rural Renovation Llc
Seller's Agent
Beth Mulcahy
Landmark Realty Of Illinois LLC
Buyer's Agent
Beth Mulcahy
Landmark Realty Of Illinois LLC
List Price
$198,500
Sold Price
$175,000
Premium/Discount to List
-$23,500
-11.84%
Total Days on Market
173
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,315
Avg. Annual Appreciation
6.31%
Original Mortgage
$131,250
Outstanding Balance
$117,275
Interest Rate
3.4%
Mortgage Type
Commercial
Estimated Equity
$123,265
Purchase Details
Closed on
Oct 13, 2015
Sold by
Gateway To The Future Foundation
Bought by
Gateway Services Inc
Similar Home in Princeton, IL
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Rural Renovation Llc | -- | None Available | |
| Gateway Services Inc | -- | Attorney |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Rural Renovation Llc | $131,250 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/19/2020 03/19/20 | Sold | $175,000 | -11.8% | $64 / Sq Ft |
| 02/12/2020 02/12/20 | Pending | -- | -- | -- |
| 08/23/2019 08/23/19 | For Sale | $198,500 | -- | $73 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $5,902 | $74,974 | $6,141 | $68,833 |
| 2023 | $5,902 | $69,050 | $5,656 | $63,394 |
| 2022 | $5,578 | $64,739 | $5,303 | $59,436 |
| 2021 | $5,455 | $61,283 | $5,020 | $56,263 |
| 2020 | $5,282 | $59,006 | $5,567 | $53,439 |
| 2019 | $0 | $0 | $0 | $0 |
| 2018 | $0 | $0 | $0 | $0 |
| 2017 | -- | $0 | $0 | $0 |
| 2016 | -- | $0 | $0 | $0 |
| 2015 | -- | $0 | $0 | $0 |
| 2014 | -- | $0 | $0 | $0 |
| 2013 | -- | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Beth Mulcahy
Seller's Agent in 2020
Beth Mulcahy
Landmark Realty Of Illinois LLC
(815) 866-3630
192 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 10495606
APN: 16-16-305-030
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