$290,000
SOLD OCT 25, 2024

708 E Michigan Ave Metamora, IL 61548

-- Bed
-- Bath
2,976 Sq Ft
0.56 Acres

Recently Sold

$97 Per Sq Ft

6% Below List Price

49 Days on Market

Highlights

  • Forced Air Heating System
  • High Speed Internet
  • Level Lot
  • Metamora Grade School Rated A-

About This Home

As of October 2024

Great investment property and rare find in Metamora. 2 duplexes ranch style. Located 1 block from Metamora Grade School. Both must be sold as a package. All info reflects income and expenses for both duplexes. All units are occupied and fully applianced and will transfer to new owner. Unit 708/710/714 have newer HVAC.

Last Agent to Sell the Property

Adam Merrick

Adam Merrick Real Estate Brokerage Email: homes@adammerrick.com License #471018071 Listed on: 06/24/2024

Last Buyer's Agent

Leslie Rothan

eXp Realty License #471020642

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,342

Year Built

  • Built in 1970

Lot Details

  • 0.56 Acre Lot
  • Lot Dimensions are 168x146
  • Level Lot

Home Design

  • Block Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,976 Sq Ft Home
  • Crawl Space

Parking

  • 8 Parking Spaces
  • Carport
  • Parking Pad

Schools

  • Metamora High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • Lloyd Subdivision
  • Trash Expense $720

Listing and Financial Details

  • Tenant pays for gas & electric, water
  • Assessor Parcel Number 09-17-425-002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,342

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Residential Income
  • Year Built: 1970
  • New Construction: No
  • Structure Type: One Story
  • PricePerSqFt: 97.45
  • Attribution Contact: homes@adammerrick.com
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Interior Amenities: Cable Available, High Speed Internet

Exterior Features

  • Lot Features: Level
  • Road Surface Type: Curbs & Gutters, Paved
  • Construction Type: Brick Partial, Vinyl Siding
  • Foundation Details: Block
  • Roof: Shingle
  • 100YearPlain: No

Garage/Parking

  • Parking Features: Carport, Parking Pad
  • Total Parking Spaces: 8

Utilities

  • Heating: Forced Air, Gas, Central Air, Electric Water Heater
  • Electric Expense: 150
  • Laundry Features: Units Hook-Ups
  • Water Source: Public Sewer, Public
  • GasExpense: 0
  • NumberOfWaterHeaters: 4
  • NumberOfHeatingUnits: 4
  • NumberOfCentralAirUnits: 4
  • NumberOfGasMeters: 0
  • NumberOfElectricMeters: 4
  • NumberofWaterMeters: 4
  • NumberOfRanges: 4
  • NumberofRefrigerators: 4
  • NumberOfWashers: 0
  • NumberOfDryers: 0
  • NumberOfDishwashers: 0
  • NumberOfWindowUnits: 0

Condo/Co-op/Association

  • Senior Community: No
  • LawnSnowRemoval: 1500

Fee Information

  • Trash Expense: 720
  • AdvertisingExpense: 0

Schools

  • High School: Metamora

Lot Info

  • Lot Size Acres: 0.56
  • Lot Size: 168X146
  • Additional Parcels Description: 09-17-425-003
  • Parcel #: 09-17-425-002
  • CertificateOfZoning: No

Rental Info

  • Tenant Pays: Gas & Electric, Water
  • Lease Term: Variable

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 6132
  • TaxExemptions: None

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 39000
  • Annual Operating Expense: 4828

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2024
Closed on
Oct 25, 2024
Sold by
Jennings Allen
Bought by
Sanders Albert and Sanders Tiffany
Seller's Agent
Adam Merrick
Adam Merrick Real Estate
Buyer's Agent
Leslie Rothan
eXp Realty
List Price
$310,000
Sold Price
$290,000
Premium/Discount to List
-$20,000
-6.45%
Views
28
Current Estimated Value
$252,618

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$37,382
Avg. Annual Appreciation
-19.13%
Original Mortgage
$85,000
Outstanding Balance
$84,409
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$168,209

Purchase Details

Closed on
Apr 4, 2023
Sold by
Holliger Gregory and Holliger Carol
Bought by
Jennings Allen

Purchase Details

Closed on
Nov 20, 2020
Sold by
Adams Marcus F
Bought by
Holliger Gregory and Holliger Carol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,060
Interest Rate
3.63%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Warranty Deed $145,000 None Listed On Document
Warranty Deed $240,000 None Listed On Document
Executors Deed $88,000 Cusack Gilfillan Oday Llc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $85,000 New Conventional
Closed $85,000 New Conventional
Previous Owner $71,060 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2024 10/25/24 Sold $290,000 -6.5% $97 / Sq Ft
08/12/2024 08/12/24 Pending -- -- --
06/24/2024 06/24/24 For Sale $310,000 -- $104 / Sq Ft
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 $3,342 $36,494 $7,953 $28,541
2023 $3,066 $33,552 $7,312 $26,240
2022 $2,900 $31,116 $6,781 $24,335
2021 $2,856 $30,650 $6,679 $23,971
2020 $1,889 $20,376 $6,619 $13,757
2019 $1,883 $21,050 $6,838 $14,212
2018 $1,899 $20,924 $6,797 $14,127
2017 $1,889 $20,924 $6,797 $14,127
2016 $1,893 $20,717 $6,730 $13,987
2015 $1,689 $20,074 $6,521 $13,553
2014 $1,689 $19,536 $6,346 $13,190
2013 $1,689 $19,675 $6,391 $13,284
Source: Public Records

Agents Affiliated with this Home

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Map

Source: RMLS Alliance

MLS Number: PA1251240

RMLS Alliance

APN: 09-17-425-002