NOT LISTED FOR SALE

622 N State St Belvidere, IL 61008

Estimated Value: $234,000 - $275,348

4 Beds
3 Baths
1,920 Sq Ft
$135/Sq Ft Est. Value

Last Sold April 27, 2019

Last sale price $168,000 $88 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $1,943/month

54 Days on Market

Highlights

  • Ranch Style House
  • Corner Lot
  • 2 Car Detached Garage

About This Home

As of April 2019

All brick three unit with full basement having storage units and coin operated washer and dryer. Each unit has two exterior doors and inside access to basement. All have separate electric meters. One gas meter as only one boiler and water heater, so owner pays for heat and also sewer/ water and garbage. Two car detached garage. Month to month leases with a combined rental history between the three tenants of almost 23 years! Great investment!

Last Agent to Sell the Property

Alison Siambanis

CENTURY 21 New Heritage License #475100811 Listed on: 01/31/2019

CENTURY 21 New Heritage

Last Buyer's Agent

Lucas Augustyn

Pearson Realty Group License #475152885

Pearson Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,506

Year Built

  • Built in 1971

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 69'x124'
  • Corner Lot
  • Paved or Partially Paved Lot

Parking

  • 2 Car Detached Garage
  • Parking Included in Price

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 3 Bathrooms

Additional Features

  • Basement Fills Entire Space Under The House
  • Heating System Uses Natural Gas

Community Details

Overview

  • 3 Units

Building Details

  • Fuel Expense $1,248
  • Insurance Expense $1,670
  • Trash Expense $700
  • Water Sewer Expense $481
  • Gross Income $23,340
  • Net Operating Income $17,735

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,506

Year Built

Built in 1971

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Year Built: 1971
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Other Equipment: CO Detectors
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Foundation Details: Concrete Perimeter
  • List Price: 179500
  • Lot Features: Corner Lot
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved
  • Conversion YN: N

Fee Information

  • Trash Expense: 700
  • Water Sewer Expenses: 481
  • Trash Expense Year: 2018

Schools

  • Middle/Junior School District: 100

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.2
  • Lot Dimensions: 69'X124'
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 3
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 17735
  • Fuel Expense: 1248
  • Insurance Expense: 1670
  • GrossIncome: 23340
  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 4505.5
  • Tax Year: 2017
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 31, 2019
Closed on
Apr 26, 2019
Sold by
Stempfle M J & Stempft Trust
Bought by
Kurowski Marek
Seller's Agent
Alison Siambanis
CENTURY 21 New Heritage
Buyer's Agent
Lucas Augustyn
Pearson Realty Group
List Price
$189,500
Sold Price
$168,000
Premium/Discount to List
-$21,500
-11.35%
Current Estimated Value
$259,087

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,087
Avg. Annual Appreciation
6.89%
Original Mortgage
$126,000
Outstanding Balance
$111,002
Interest Rate
4.3%
Mortgage Type
Construction
Estimated Equity
$148,085

Purchase Details

Closed on
May 24, 2010
Bought by
Stempfle Michael J & Anna Tr
Source: Public Records

Range of Values:

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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
Kurowski Marek $168,000 Nlt Title Llc
Stempfle Michael J & Anna Tr -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kurowski Marek $126,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/27/2019 04/27/19 Sold $168,000 -6.4% $88 / Sq Ft
03/26/2019 03/26/19 Pending -- -- --
03/05/2019 03/05/19 Price Changed $179,500 -5.3% $93 / Sq Ft
01/31/2019 01/31/19 For Sale $189,500 -- $99 / Sq Ft
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 $6,874 $79,519 $3,728 $75,791
2023 $6,874 $71,002 $5,717 $65,285
2022 $6,312 $65,176 $5,717 $59,459
2021 $5,996 $61,768 $5,717 $56,051
2020 $5,703 $55,305 $6,028 $49,277
2019 $4,781 $63,376 $24,111 $39,265
2018 $4,657 $162,564 $126,410 $36,154
2017 $4,506 $42,344 $6,316 $36,028
2016 $4,557 $41,082 $6,214 $34,868
2015 $2,173 $38,086 $7,768 $30,318
2014 $1,244 $38,472 $7,768 $30,704
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10262399

Midwest Real Estate Data (MRED)

APN: 05-26-261-004