NOT LISTED FOR SALE

Estimated Value: $280,000 - $550,554

8 Beds
4 Baths
1,477 Sq Ft
$309/Sq Ft Est. Value

Last Sold October 28, 2019

Last sale price $360,000 $244 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $3,455/month

238 Days on Market

About This Home

As of October 2019

This house is fully furnished and includes fiber-optic internet. Both units are approximately 1,360 sq. ft. Each kitchen has a refrigerator with an ice maker, an electric stove, dishwasher, and garbage disposal. The house features central air and on-site laundry facility. No pets have been allowed on property. Each unit includes 2 garage parking spaces and 2 parking lot spaces. The cross Street is Coler. See attachment for income/expenses. GRM 8.03 CAP 8.47%

Last Agent to Sell the Property

Brian Hannon

Taylor Realty Associates License #471019689 Listed on: 01/24/2019

Last Buyer's Agent

Brian Hannon

Taylor Realty Associates License #471019689 Listed on: 01/24/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,381

Year Built

  • Built in 2001

Lot Details

  • 6,795

Home Design

  • Asphalt Roof

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 8 Parking Spaces
  • Uncovered Parking
  • Parking Space is Owned

Schools

  • Urbana Elementary School
  • Urbana Middle School
  • Urbana High School

Additional Features

  • Porch
  • Lot Dimensions are 66 x 132

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $1,056
  • Maintenance Expense $1,385
  • Gross Income $46,080
  • Net Operating Income $31,350

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,381

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 2001
  • Age: 16-20 Years
  • Built Before 1978 (Y/N): No
  • General Information: Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Legal Description: LOT 10 OF SUB OF S PT OF SW 1/4 8-19-9 (MASTERS IN CHANCERY) SEC 08 TWP 19N R9E
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • ExteriorFeatures: Porch
  • List Price: 370000
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Other

Garage/Parking

  • ParkingTotal: 8
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Other
  • Water Source: Public

Fee Information

  • Other Expenses $: 1838

Schools

  • Elementary School: Urbana Elementary School
  • High School: Urbana High School
  • Middle/Junior School: Urbana Middle School
  • Middle/Junior School District: 116

Lot Info

  • Lot Dimensions: 66 X 132
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 22

Multi Family

  • Net Operating Income: 31350
  • Insurance Expense: 1056
  • GrossIncome: 46080
  • Maintenance Expense: 1385
  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Story Unit/s,Duplex Side by Side

Tax Info

  • Tax Annual Amount: 10381
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2019
Closed on
Oct 28, 2019
Sold by
Mini Acre Farms Llc
Bought by
Roth Properties Llc
Seller's Agent
Brian Hannon
Taylor Realty Associates
Buyer's Agent
Brian Hannon
Taylor Realty Associates
List Price
$419,000
Sold Price
$360,000
Premium/Discount to List
-$59,000
-14.08%
Current Estimated Value
$439,749

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,749
Avg. Annual Appreciation
2.20%
Original Mortgage
$306,000
Outstanding Balance
$154,765
Interest Rate
4.5%
Mortgage Type
Commercial
Estimated Equity
$253,536
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
Roth Properties Llc $360,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Roth Properties Llc $306,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2019 10/28/19 Sold $360,000 -2.7% $244 / Sq Ft
09/19/2019 09/19/19 Pending -- -- --
06/19/2019 06/19/19 Price Changed $370,000 -11.7% $251 / Sq Ft
01/24/2019 01/24/19 For Sale $419,000 -- $284 / 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 $12,313 $126,870 $21,510 $105,360
2023 $12,313 $115,760 $19,630 $96,130
2022 $11,538 $106,600 $18,080 $88,520
2021 $10,725 $99,350 $16,850 $82,500
2020 $10,376 $96,460 $16,360 $80,100
2019 $10,080 $96,460 $16,360 $80,100
2018 $10,036 $97,140 $16,480 $80,660
2017 $10,382 $97,140 $16,480 $80,660
2016 $10,024 $94,310 $16,000 $78,310
2015 $9,792 $94,310 $16,000 $78,310
2014 $9,660 $91,120 $15,460 $75,660
2013 $9,728 $92,980 $15,780 $77,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10256615

Midwest Real Estate Data (MRED)

APN: 91-21-08-359-002