NOT LISTED FOR SALE

7614 N Cherryvale Blvd Cherry Valley, IL 61016

Estimated Value: $2,018,155

45 Beds
-- Bath
21,534 Sq Ft
$94/Sq Ft Est. Value

Last Sold June 12, 2017

Last sale price $937,500 $44 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $13,223/month

81 Days on Market

Highlights

  • Property is near public transit
  • Brick or Stone Mason
  • Baseboard Heating
  • Balcony
  • Central Air

About This Home

As of June 2017

Very well kept 24 unit building. 20 apartments have wall AC units; 4 deluxe 2 bedroom units renting for $675 have central air conditioning. Electric baseboard heat. Brick exterior. Each apartment includes built-in dishwasher, stove & refrigerator. Upper units with balconies. Covered and open parking spaces. Located near Cherry Vale Mall and Magic Water water park.

Last Agent to Sell the Property

Jan Mansfield

Century 21 Affiliated License #471002423 Listed on: 02/21/2017

Century 21 Affiliated

Last Buyer's Agent

Thomas Howard

Superior Realtors & Rental Properties, Inc. License #471007903

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,686

Year Built

  • Built in 1978

Lot Details

  • 1.5

Parking

  • 48 Car Parking Spaces

Home Design

  • Brick or Stone Mason
  • Shingle Roof

Interior Spaces

  • 21,534 Sq Ft Home
  • 2-Story Property

Kitchen

  • Stove
  • Dishwasher

Schools

  • District 205-Rfd Elementary And Middle School
  • District 205-Rfd High School

Utilities

  • Central Air
  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Separate Meters
  • Electric Water Heater

Additional Features

  • Balcony
  • Property is near public transit

Community Details

  • 24 Units
  • 2-Story Building

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,686

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Appliances That Stay or Are Included: Dishwasher, Refrigerator, Stove/Cooktop
  • Class: MULTIFAMILY
  • Estimated Above Grade Sq Ft: 21534
  • Front: 290
  • General Features: Balcony, On Bus Route
  • Grid: 86
  • Legal Description: S 218.78 ft, N 1135.32 ft, E 290.66 ft, W 764.71 ft, NE 1/4 Sec 35, Twp 044 Range; 002. 1.50 acres
  • Lvt Date: 02/21/2017
  • Rear: 290
  • Side 1: 218
  • Side 2: 218
  • Style: 2 Story
  • Type: 5+ Units
  • Total Assessed Value: 208246
  • Calculate Cap Rate: Yes
  • Annual Insurance Expense: 2640
  • Number Of Floors In Bldg: 2
  • Number Of Tenants In Bldg: 21
  • Number Of Units In Bldg: 24
  • Potential Income: 171500
  • Agent Only_ L A1 User Code: 650
  • Elementary School: District 205-RFD
  • Pertinent Facts: Very well kept 24 unit building. 20 apartments have wall AC units; 4 deluxe 2 bedroom units renting for $675 have central air conditioning. Electric baseboard heat. Brick exterior. Each apartment includes built-in dishwasher, stove & refrigerator. Upper units with balconies. Covered and open parking spaces. Located near Cherry Vale Mall and Magic Water water park.
  • L O1 Brokerage Number: 477012643
  • S O1 Brokerage Number: 478025951
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Exterior: Brick/Stone
  • Roof: Shingle

Garage/Parking

  • Total Numberof Parking Spaces: 48

Utilities

  • Cooling: Central Air, Wall Unit
  • Heating: Baseboard, Electric
  • Sewer: City
  • Water: City
  • Water Heater: Electric
  • Separate Utilities: Yes

Schools

  • School District: Rockford 205
  • Elementary School: District 205-RFD
  • Middle School: District 205-RFD
  • High School: District 205-RFD

Building Info

  • Year Built: 1978

Tax Info

  • Year: 2015
  • Taxes: 26686

MLS Schools

  • HighSchool: District 205-RFD
  • School District: Rockford 205
  • Middle School: District 205-RFD

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2017
Closed on
Jun 9, 2017
Sold by
Trust 131104
Bought by
Cherry View Apartments Llc
Seller's Agent
Jan Mansfield
Century 21 Affiliated
Buyer's Agent
Thomas Howard
Superior Realtors & Rental Properties, Inc.
List Price
$1,500,000
Sold Price
$937,500
Premium/Discount to List
-$562,500
-37.5%
Current Estimated Value
$2,018,155

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,080,655
Avg. Annual Appreciation
9.58%

Purchase Details

Closed on
May 1, 2003
Bought by
Lasalle Bank National Assoc
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
Cherry View Apartments Llc $937,500 Chicago Title Land Trust Co
Lasalle Bank National Assoc $935,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/12/2017 06/12/17 Sold $937,500 -37.5% $44 / Sq Ft
05/13/2017 05/13/17 Pending -- -- --
02/21/2017 02/21/17 For Sale $1,500,000 -- $70 / Sq Ft
Source: NorthWest Illinois Alliance of REALTORS®

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 $31,671 $379,343 $33,729 $345,614
2023 $30,285 $334,488 $29,741 $304,747
2022 $28,137 $284,808 $26,583 $258,225
2021 $27,546 $261,148 $24,375 $236,773
2020 $27,201 $246,878 $23,043 $223,835
2019 $26,764 $235,301 $21,962 $213,339
2018 $26,727 $221,751 $20,697 $201,054
2017 $26,526 $212,223 $19,808 $192,415
2016 $26,408 $208,246 $19,437 $188,809
2015 $26,686 $208,246 $19,437 $188,809
2014 $25,982 $208,268 $19,440 $188,828
Source: Public Records

Agents Affiliated with this Home

  • Jan Mansfield

    Seller's Agent in 2017

    Jan Mansfield

    Century 21 Affiliated

    (815) 742-0516

    24 Total Sales

    Jan Mansfield
    Section Image

  • T

    Buyer's Agent in 2017

    Thomas Howard

    Superior Realtors & Rental Properties, Inc.

    Section Image
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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 201700815

NorthWest Illinois Alliance of REALTORS®

APN: 12-35-201-018

Illinois Winnebago County Cherry Valley 61016

7614 N Cherryvale Blvd, Cherry Valley, IL

This home is located at 7614 N Cherryvale Blvd, Cherry Valley, IL 61016 since 21 February 2017 and is currently estimated at $2,018,155, approximately $93 per square foot. This property was built in 1978. 7614 N Cherryvale Blvd is a home located in Winnebago County with nearby schools including Cherry Valley Elementary School, Bernard W. Flinn Middle School, and Rockford East High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

NorthWest Illinois Alliance of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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