NOT LISTED FOR SALE

703 S Main St Hillsboro, IL 62049

Estimated Value: $146,633

8 Beds
-- Bath
3,600 Sq Ft
$41/Sq Ft Est. Value

Last Sold April 13, 2016

Last sale price $85,000 $24 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $955/month

43 Days on Market

About This Home

As of April 2016

Great investment opportunity! Full brick, well maintained 4 Unit Apartment Building located in the heart of downtown Hillsboro. Units feature a one bedroom ($425/mo), two two bedrooms (main level @ $500/mo & upper level @ $425/mo) and one three bedroom ($550/mo). All four include stove, refrigerator, washer/dryer and window AC units. One unit features a rear upper deck and a two car garage shared by two of the tenants. Plenty of off street parking available. All four units fully leased with happy tenants bringing in a total of $1,900 per month. Current owner pays water and trash. Located within walking distance to downtown restaurants, shops and local schools. Recent updates include: (2) Water Heaters in 2015, Roof, all new replacement thermal windows and exterior painting in 2011. Annual Expense Explanation: Property is managed by the owner therefore there is no expense. Other expense is Trash @ $126 per quarter and the maintenance expense is mowing @ $40 each mow.

Last Agent to Sell the Property

Lesley Pollard

MCR Realty Professionals, Inc License #l09091977p Listed on: 07/24/2015

Last Buyer's Agent

Cassandra Cox

MCR Realty Professionals, Inc License #475148891

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,869

Year Built

  • 1927

Lot Details

  • 7,275

Parking

  • Covered Parking

Additional Features

  • 3,600 Sq Ft Home
  • Lot Dimensions are 66 x 115
  • Heating System Uses Gas

Community Details

  • 4 Units

Listing and Financial Details

  • Tenant pays for sewer, trash removal, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,869

Year Built

1927

Lot Details

0

Listing Details

  • Cross Street: E. Tremont St.
  • Special Description: No Exemptions
  • Age: 86
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1927

Interior Features

  • Total Living Area: 3600.00

Exterior Features

  • Exterior Features: Brick Veneer Predom

Garage/Parking

  • Parking: Covered

Utilities

  • Cooling: 1 Window/Wall
  • Heating: Baseboard
  • Sewer: Public
  • Water: Public

Schools

  • School District: HILLSBORO DIST 3
  • Elementary School: HILLSBORO DIST 3
  • Middle School: HILLSBORO DIST 3
  • High School: Hillsboro Community High Schoo

Lot Info

  • Lot Dimensions: 66 x 115

Rental Info

  • Tenant Pays: Sewer, Trash Removal, Water

Multi Family

  • Total Units: 4
  • Units: 4
  • Total Expenses: 8925.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 24, 2018
Sold by
Wentzel Alexander C
Bought by
Bell Steve and Bell Sonya
Current Estimated Value
$146,633

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Outstanding Balance
$70,100
Interest Rate
4.44%
Mortgage Type
New Conventional
Estimated Equity
$79,653

Purchase Details

Closed on
Apr 23, 2018
Sold by
Wentzel Alexander C
Bought by
Bell Steve and Bell Sonya

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Outstanding Balance
$70,100
Interest Rate
4.44%
Mortgage Type
New Conventional
Estimated Equity
$79,653

Purchase Details

Listed on
Jul 24, 2015
Closed on
Apr 13, 2016
Sold by
Pearman Curtis
Bought by
Wenitzel Alexander C
Seller's Agent
Lesley Pollard
MCR Realty Professionals, Inc
Buyer's Agent
Cassandra Cox
MCR Realty Professionals, Inc
List Price
$92,000
Sold Price
$85,000
Premium/Discount to List
-$7,000
-7.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.24%
Original Mortgage
$68,000
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 30, 2013
Sold by
Pearman Shelly L
Bought by
Pearman Curtis E

Purchase Details

Closed on
Oct 28, 2009
Sold by
Witts Cathey
Bought by
Pearman Curtis and Pearman Shelley
Source: Public Records

Range of Values:

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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
Bell Steve $95,000 None Available
Bell Steve $95,000 --
Wenitzel Alexander C $85,000 --
Pearman Curtis E -- --
Pearman Curtis $75,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bell Steve $95,000
Closed Bell Steve $95,000
Previous Owner Wenitzel Alexander C $68,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/13/2016 04/13/16 Sold $85,000 -7.6% $24 / Sq Ft
04/06/2016 04/06/16 Pending -- -- --
02/23/2016 02/23/16 For Sale $92,000 -- $26 / Sq Ft
Source: MARIS MLS

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 $1,869 $22,430 $5,090 $17,340
2023 $1,800 $20,590 $4,670 $15,920
2022 $3,066 $34,640 $4,370 $30,270
2021 $2,933 $31,750 $4,010 $27,740
2020 $2,888 $31,070 $3,920 $27,150
2019 $2,789 $29,080 $3,670 $25,410
2018 $2,632 $26,600 $3,360 $23,240
2017 $2,833 $27,660 $3,490 $24,170
2016 $2,848 $28,770 $3,630 $25,140
2015 $2,980 $29,930 $3,780 $26,150
2013 $2,799 $29,330 $3,710 $25,620
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2016

    Lesley Pollard

    MCR Realty Professionals, Inc

    Section Image

  • C

    Buyer's Agent in 2016

    Cassandra Cox

    MCR Realty Professionals, Inc

See All Agents

Map

Source: MARIS MLS

MLS Number: MIS4410793

MARIS MLS

APN: 16-11-278-001

Illinois Montgomery County Hillsboro 62049

703 S Main St, Hillsboro, IL

This home is located at 703 S Main St, Hillsboro, IL 62049 since 24 July 2015 and is currently estimated at $146,633, approximately $40 per square foot. This property was built in 1927. 703 S Main St is a home located in Montgomery County with nearby schools including Hillsboro High School.

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