NOT LISTED FOR SALE

635 E Lincolnway Morrison, IL 61270

Estimated Value: $383,180

-- Bed
-- Bath
-- Sq Ft
1.47 Acres

Last Sold December 31, 2020

Last sale price $275,000

Est. 39% increase in value since last sale

Current estimated payment $2,391/month

102 Days on Market

About This Home

As of December 2020

Net Lease to a multi tenant medical providers. The leases are with a national healthcare system and a regional physical therapy group. Close to the hospital and located on higher traffic count US Highway 30. Seven Thousand square feet of space.

Last Agent to Sell the Property

Stephen Howes

Coldwell Banker Howes & Jefferies REALTORS License #B18838000/471.003202 Listed on: 08/14/2020

Coldwell Banker Howes & Jefferies REALTORS

Last Buyer's Agent

Matthew Brisch

Coldwell Banker Howes & Jefferies REALTORS License #B59416000/471.003175

Coldwell Banker Howes & Jefferies REALTORS

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $6,533

Year Built

  • Built in 1986

Lot Details

  • 1.47

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for all

Property Details

Property Type

Other

Est. Annual Taxes

$6,533

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Investment, Office, Retail
  • Lvt Date: 08/14/2020
  • Year Built: 1986
  • Flood Insurance: Yes
  • Handicap Modified: Unknown
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpeted, Tile/Vinyl
  • Total Building Sq Ft: 7000
  • Estimated Lot Sq Ft: 64,033

Exterior Features

  • Exterior Finish: Brick
  • Frontage Access: Paved 2Lane, Corner Lot, State Road
  • Insulation: Roof, Side Walls
  • Roof Construction: Membrane
  • Wall Construction: Frame

Garage/Parking

  • Numberparking Spaces Allocated: 40

Utilities

  • Electric Company: ComED
  • Cooling: Central Air, Individual Units
  • Heating: Forced Air, Gas, Individual Units
  • Security System: Yes
  • Water Supply: Municipal/City
  • Gas Company: NiCor
  • Water Company: Morrison

Lot Info

  • Estimated Number of Acres: 1.47
  • Zoning: C-2
  • Geo Subdivision: IL
  • Irregular Lot: Yes
  • Property Use: Medical Office

Rental Info

  • Lease Type: Net
  • Owner Pays: None
  • Tenant Pays: All
  • Terms Lease: 4 Years

Tax Info

  • Annual Taxes: 6533.37
  • Tax Incentive: None
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2020
Closed on
Dec 30, 2020
Sold by
Gateway Leasing Corp
Bought by
Jay Happy Krupa Inc
Seller's Agent
Stephen Howes
Coldwell Banker Howes & Jefferies REALTORS
Buyer's Agent
Matthew Brisch
Coldwell Banker Howes & Jefferies REALTORS
List Price
$474,000
Sold Price
$275,000
Premium/Discount to List
-$199,000
-41.98%
Current Estimated Value
$383,180

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,180
Avg. Annual Appreciation
6.89%
Original Mortgage
$220,000
Outstanding Balance
$196,316
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$186,864
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
Jay Happy Krupa Inc $275,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jay Happy Krupa Inc $220,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/31/2020 12/31/20 Sold $275,000 -42.0% --
11/24/2020 11/24/20 Pending -- -- --
08/14/2020 08/14/20 For Sale $474,000 -- --
Source: RMLS Alliance

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 $14,072 $172,500 $15,000 $157,500
2023 $14,406 $172,500 $15,000 $157,500
2022 $14,574 $172,500 $15,000 $157,500
2021 $14,497 $172,500 $15,000 $157,500
2020 $14,491 $172,500 $15,000 $157,500
2019 $13,067 $153,989 $15,455 $138,534
2018 $13,632 $153,989 $15,455 $138,534
2017 $13,181 $153,989 $15,455 $138,534
2016 $13,125 $153,989 $15,455 $138,534
2015 $1,350 $0 $0 $0
2014 $1,350 $153,989 $15,455 $138,534
2013 $12,533 $143,635 $5,101 $138,534
Source: Public Records

Agents Affiliated with this Home

  • Stephen Howes

    Seller's Agent in 2020

    Stephen Howes

    Howes & Jefferies Realtors

    (563) 559-0017

    1 in this area

    19 Total Sales

    Stephen Howes
    Section Image
  • Matthew Brisch

    Buyer's Agent in 2020

    Matthew Brisch

    Howes & Jefferies Realtors

    (563) 249-9998

    1 in this area

    82 Total Sales

    Matthew Brisch
    Section Image
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Map

Source: RMLS Alliance

MLS Number: QC4214353

RMLS Alliance

APN: 0917330040

Illinois Whiteside County Morrison 61270

635 E Lincolnway, Morrison, IL

Not Listed for Sale

Other

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