NOT LISTED FOR SALE

769 State St Wood River, IL 62095

Estimated Value: $173,000 - $197,000

-- Bed
1 Bath
1,435 Sq Ft
$131/Sq Ft Est. Value

Last Sold April 04, 2018

Last sale price $125,000 $87 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $1,352/month

5 Days on Market

Highlights

  • Brick or Stone Veneer
  • Forced Air Heating and Cooling System
  • High Speed Internet

About This Home

As of April 2018

This property has a 4 unit duplex and a three room 480 sq ft house in the back. All 5 units are rented and leases in place. They rent currently for $450.00 a month and a couple of those are going up to $460.00 in April and May. This owner has owned this property for 22 years and has had some of the same tenants all these years cause she takes great care of all her buildings. A couple of these units have newer central air. The top two have updated electrical service. Entire building has newer windows that are 2-3 years old. Three of the units have updated furnaces and A/C units replaced within the last 2 years. Roof is approximately 10 years old on the apartment building and house roof is approximately 15 years old. This is a great income producing property that will not last long!

Last Agent to Sell the Property

Ginny Becker

Landmark Realty License #475128555 Listed on: 03/04/2018

Last Buyer's Agent

Nick Gibson

Concept Real Estate Co Inc License #475161057

Concept Real Estate Co Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,990

Year Built

  • 1940

Lot Details

  • Lot Dimensions are 86 x 125

Home Design

  • 1,435 Sq Ft Home
  • Quadruplex
  • Brick or Stone Veneer

Parking

  • Over 1 Space Per Unit
  • Additional Parking
  • Off-Street Parking

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet

Community Details

  • No Laundry Facilities

Listing and Financial Details

  • Tenant pays for electric, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,990

Year Built

1940

Lot Details

0

Listing Details

  • Property Type: Multi-Family 2-4
  • Cross Street: Park
  • Municipality Township: Wood River
  • Special Description: No Exemptions
  • Age: 78
  • Ownership: Private
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1940

Interior Features

  • Misc Features: High Spd Connection, Laundry Facil- None
  • Square Footage: 1435

Exterior Features

  • Construction: Fl Brick/Stn Veneer

Garage/Parking

  • Parking: Additional Parking, More Than 1 Spc/Unit, Off Street

Utilities

  • Sewer: Public
  • Water: Public
  • Water Heater: Gas
  • Cooling: Central-Electric
  • Heating: Forced Air

Schools

  • School District: East Alton-Wood River DIST 14
  • Elementary School: EAST ALTON-WOOD RIVER DIST 14
  • Middle School: EAST ALTON-WOOD RIVER DIST 14
  • High School: East Alton/Wood River

Lot Info

  • Lot Dimensions: 86 x 125

Rental Info

  • Tenancy Type: Leases
  • Tenant Pays: Electric, Gas

Multi Family

  • Gross Operating Income: 2250.00
  • Units: 2
  • Total Expenses: 450.00
  • Type Of Units: 4-Family

Tax Info

  • Taxes Paid: 2941

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2018
Closed on
Apr 4, 2018
Sold by
Palmer Elsie
Bought by
Arsenal Alton Properties Inc
Seller's Agent
Ginny Becker
Landmark Realty
Buyer's Agent
Nick Gibson
Concept Real Estate Co Inc
List Price
$135,000
Sold Price
$125,000
Premium/Discount to List
-$10,000
-7.41%
Current Estimated Value
$188,494

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,494
Avg. Annual Appreciation
5.45%

Purchase Details

Closed on
Jul 31, 2017
Sold by
Palmer Kenneth
Bought by
Palmer Elsie M
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
Arsenal Alton Properties Inc $125,000 Serenity Title
Palmer Elsie M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arsenal Alton Properties Inc $1,000,000
Closed Arsenal Alton Properties Inc $520,000
Previous Owner Palmer Kenneth $365,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2018 04/04/18 Sold $125,000 -7.4% $87 / Sq Ft
03/10/2018 03/10/18 Pending -- -- --
03/04/2018 03/04/18 For Sale $135,000 -- $94 / 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 $3,990 $46,510 $5,340 $41,170
2023 $3,990 $43,360 $4,980 $38,380
2022 $3,785 $40,020 $4,600 $35,420
2021 $3,450 $37,300 $4,290 $33,010
2020 $3,373 $35,920 $4,130 $31,790
2019 $3,252 $34,850 $4,010 $30,840
2018 $3,156 $33,120 $3,810 $29,310
2017 $2,988 $32,330 $3,720 $28,610
2016 $2,941 $32,330 $3,720 $28,610
2015 $2,917 $31,990 $3,680 $28,310
2014 $2,917 $31,990 $3,680 $28,310
2013 $2,917 $32,450 $3,730 $28,720
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MARIS MLS

MLS Number: MIS18015969

MARIS MLS

APN: 19-2-08-21-15-406-001