NOT LISTED FOR SALE

708 Golfcrest Rd N Normal, IL 61761

Estimated Value: $411,417

10 Beds
6 Baths
6,886 Sq Ft
$60/Sq Ft Est. Value

Last Sold November 05, 2021

Last sale price $323,500 $47 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $3,027/month

12 Days on Market

Highlights

  • 4 Fireplaces
  • Storage Room
  • Forced Air Heating and Cooling System
  • Normal Community High School Rated A-

About This Home

As of November 2021

GREAT 6-unit TOWNHOUSES are adjacent to LINCOLN COLLEGE, 1 mile to HEARTLAND COLLEGE, a just few feet from I.S.U.'s 's 18-HOLE GOLF COURSE, and 1 mile from swimming pools and water-slide at Fairview Park! The building is in VERY GOOD CONDITION. Four units have two bedrooms, two bathrooms, FULL BASEMENTS, and central AC. And two of the six units have one bedroom and one bath and no basement. Each tenant PAYS THEIR OWN HEAT, ELECTRICITY. and WATER. No vacancies, easily rented, fantastic opportunity for investors!

Last Agent to Sell the Property

Mark Marshall

HomeSmart Realty Group Illinois License #475176537 Listed on: 09/23/2021

Last Buyer's Agent

A.J. Manaseer

City Habitat Realty LLC License #475155597

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,620

Year Built

  • Built in 1992

Lot Details

  • 0.25 Acre Lot

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Mixed Use
  • Block Foundation
  • Pitched Roof
  • Composition Roof

Interior Spaces

  • 6,886 Sq Ft Home
  • 2-Story Property
  • 4 Fireplaces
  • Storage Room
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • 100 Amp Service

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat, sewer

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $184
  • Insurance Expense $1,723
  • Trash Expense $650
  • Water Sewer Expense $285
  • Operating Expense $6,239
  • Gross Income $44,100
  • Net Operating Income $29,241

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,620

Year Built

Built in 1992

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Other
  • Stories: 2
  • Year Built: 1992
  • Built Before 1978 (Y/N): No
  • Information: 24-Hr Notice Required
  • Estimated Age: 26-35 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 10
  • Fireplaces: 4
  • Basement Description: Partially Finished
  • Fire Protection: Fire Extinguisher/s,Smoke or Fire Protectors
  • Misc Inside: Storage Inside
  • Fireplaces: 2
  • Drive-In Doors: 4
  • Dishwashers: 4
  • Refrigerators: 6
  • Ranges: 6
  • Number of Windows: 2
  • Number of Washers: 2
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Foundation Details: Block
  • Frontage Type: City Street
  • List Price: 340000
  • Roof: Composition
  • Exterior Building Type: Vinyl Siding,Brick
  • Roof Structure: Pitched
  • Misc Outside: Security System,Storms and Screens (as exist)

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Central Air
  • Electric: Service - 101 to 200 Amps
  • Utilities: Sanitary Sewer
  • Heat/Ventilation: Forced Air
  • Leased Washer Dryer YN: Yes

Condo/Co-op/Association

  • Conversion YN: N
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 650
  • Water Sewer Expenses: 285
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.25
  • Lot Dimensions: 73’ X 180’ X 168’ X 120’
  • Zoning: MULTI
  • Land Amenities: Curbs and Gutters,Lighting/Exterior,Cable Ready

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat, Sewer
  • Board Number: 23
  • Tenancy Type: Other

Building Info

  • BuildingAreaTotal: 6886

Multi Family

  • Net Operating Income: 29241
  • Insurance Expense: 1723
  • ElectricExpense: 184
  • GrossIncome: 44100
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 6239
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 8619.88
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2021
Closed on
Nov 5, 2021
Sold by
Green And Gold Properties Llc
Bought by
Blono Fund I Llc
Seller's Agent
Mark Marshall
HomeSmart Realty Group Illinois
Buyer's Agent
A.J. Manaseer
City Habitat Realty LLC
List Price
$340,000
Sold Price
$323,500
Premium/Discount to List
-$16,500
-4.85%
Current Estimated Value
$411,417

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$87,917
Avg. Annual Appreciation
6.04%
Original Mortgage
$2,722,720
Interest Rate
5.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 13, 2018
Closed on
Nov 9, 2018
Sold by
Rhodes Christopher B and Rhodes Erlinda M
Bought by
Green And Gold Properties Llc
Seller's Agent
Janice Vidovic
Clients Are Golden Realty,LLC
Buyer's Agent
Non Member
NON MEMBER
List Price
$288,500
Sold Price
$297,155
Premium/Discount to List
$8,655
3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.88%
Original Mortgage
$237,500
Interest Rate
4.8%

Purchase Details

Closed on
Sep 29, 2008
Sold by
Bank Of Illinois
Bought by
Rhodes Christopher B and Rhodes Erlinda M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,000
Interest Rate
6.43%

Purchase Details

Closed on
Jan 18, 2008
Sold by
Mcamc 1 Llc
Bought by
Bank Of Illinois
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
Blono Fund I Llc $323,500 Illinois Title Group
Green And Gold Properties Llc $297,500 Mclean County Title
Rhodes Christopher B $271,000 First Community Title
Bank Of Illinois -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Blono Fund I Llc $2,722,720
Previous Owner Green And Gold Properties Llc $237,500
Previous Owner Rhodes Christopher B $197,022
Previous Owner Rhodes Christopher B $219,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/05/2021 11/05/21 Sold $323,500 -4.9% $47 / Sq Ft
10/07/2021 10/07/21 Pending -- -- --
09/24/2021 09/24/21 For Sale $340,000 +14.4% $49 / Sq Ft
11/09/2018 11/09/18 Sold $297,155 +3.0% --
09/25/2018 09/25/18 Pending -- -- --
09/13/2018 09/13/18 For Sale $288,500 -- --
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 $9,289 $127,824 $19,366 $108,458
2022 $9,289 $103,402 $15,666 $87,736
2021 $8,972 $97,559 $14,781 $82,778
2020 $8,922 $96,545 $14,627 $81,918
2019 $8,620 $96,026 $14,548 $81,478
2018 $8,525 $95,009 $14,394 $80,615
2017 $8,221 $95,009 $14,394 $80,615
2016 $8,132 $95,009 $14,394 $80,615
2015 $7,911 $92,783 $14,057 $78,726
2014 $7,813 $92,783 $14,057 $78,726
2013 -- $92,783 $14,057 $78,726
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11228279

Midwest Real Estate Data (MRED)

APN: 14-21-102-005