NOT LISTED FOR SALE

808 E 7th St Alton, IL 62002

Estimated Value: $44,000 - $79,000

Studio
4 Baths
2,000 Sq Ft
$29/Sq Ft Est. Value

Last Sold December 04, 2020

Last sale price $22,500 $11 Per Sq Ft

Est. 154% increase in value since last sale

Current estimated payment $399/month

276 Days on Market

About This Home

As of December 2020

MOTIVATED SELLER MAKE OFFER! This 4-PLEX offers room for a great return on investment. 808 includes 808A, 810A lower large 1 bed units with full showers and 808B, 810B upper efficiency units. 808A has a new water heater in 2018. 810A has a new furnace in 2017. 808A, 808B, and 810B are vacant and have been freshly painted. Rents have been/are 808A ($425), 808B ($325), 810A ($300) occupied and heavily discounted b/c this tenant is the local super for both buildings owned by this seller and has been there 25 years! (Seller is also selling the duplex next door located at 812 E. 7th Street), and 810B ($325). Owner pays water, sewer, and trash. There is one main water line in but divided and metered individually in the basement so the owner can track each units usage. This building had actual profits of $3,631.71 in 2017, $6,765.68 in 2018, and $4,550.04 in 2019. Owner can provide an EXCEL spreadsheet as proof

Seller is willing to sell both buildings as a package deal for the right buyer.

Last Agent to Sell the Property

James Yinger

eXp Realty License #475.181381 Listed on: 02/28/2020

eXp Realty

Last Buyer's Agent

Patricia Kulish

Landmark Realty License #475128394

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 4,966 Sq Ft Lot
  • Lot Dimensions are 41.5x120

Parking

  • On-Street Parking

Home Design

  • 2,000 Sq Ft Home
  • Quadruplex
  • Vinyl Siding

Schools

  • Alton Dist 11 Elementary And Middle School
  • Alton High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Additional Features

  • Basement

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 23-2-07-12-17-307-045

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family 2-4
  • Municipality Township: Alton
  • Special Description: No Exemptions
  • Age: 120
  • Ownership: Private
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Misc Features: Basement
  • Square Footage: 2000

Exterior Features

  • Construction: Vinyl Siding

Garage/Parking

  • Parking: On Street Parking

Utilities

  • Sewer: Public
  • Water: Public
  • Water Heater: Gas
  • Cooling: 1 Window/Wall
  • Heating: Forced Air

Schools

  • Elementary School: ALTON DIST 11
  • Junior High School: ALTON DIST 11
  • School District: Alton DIST 11
  • Senior High School: Alton

Lot Info

  • Lot Dimensions: 41.5X120
  • Lot Sq Ft: 4966
  • Acres: 0.1140

Rental Info

  • Tenancy Type: 1 or More Vacant, Leases
  • Tenant Pays: All Utilities

Multi Family

  • Gross Operating Income: 16500.00
  • Units: 4
  • Total Expenses: 4992.00
  • Type Of Units: 4-Family

Tax Info

  • Prop Asses Cty Tx: Yes
  • Taxes Paid: 1287
  • Assessor Parcel Number: 23-2-07-12-17-307-045

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 24, 2022
Sold by
Carter Fred Lee
Bought by
Jjw Property Holdings Llc
Current Estimated Value
$57,064

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,500
Outstanding Balance
$35,277
Interest Rate
6.7%
Mortgage Type
Commercial
Estimated Equity
$21,787

Purchase Details

Listed on
Feb 28, 2020
Closed on
Dec 1, 2020
Sold by
Cobalt Blue Properties Llc
Bought by
Carter Fred Lee
Seller's Agent
James Yinger
eXp Realty
Buyer's Agent
Patricia Kulish
Landmark Realty
List Price
$29,900
Sold Price
$22,500
Premium/Discount to List
-$7,400
-24.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.06%

Purchase Details

Closed on
Mar 13, 2007
Sold by
Byer Michael and Byer Susan M
Bought by
Cobalt Blue Properties Llc

Purchase Details

Closed on
Mar 17, 2005
Sold by
Stahl Ralph V and Stahl Bette L
Bought by
Byer Michael and Byer Susan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,500
Interest Rate
5.61%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Jjw Property Holdings Llc $36,500 Serenity Title & Escrow
Carter Fred Lee $45,000 None Available
Cobalt Blue Properties Llc -- None Available
Byer Michael $38,000 Serenity Title & Escrow Ltd
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jjw Property Holdings Llc $36,500
Previous Owner Byer Michael $28,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/04/2020 12/04/20 Sold $22,500 +2.3% $11 / Sq Ft
12/01/2020 12/01/20 Pending -- -- --
10/10/2020 10/10/20 Price Changed $22,000 -26.4% $11 / Sq Ft
09/03/2020 09/03/20 Price Changed $29,900 0.0% $15 / Sq Ft
09/03/2020 09/03/20 For Sale $29,900 -0.3% $15 / Sq Ft
08/17/2020 08/17/20 Pending -- -- --
08/01/2020 08/01/20 Price Changed $30,000 -23.1% $15 / Sq Ft
07/01/2020 07/01/20 Price Changed $39,000 -7.1% $20 / Sq Ft
02/28/2020 02/28/20 For Sale $42,000 -- $21 / 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 $1,210 $14,890 $1,590 $13,300
2023 $1,210 $13,450 $1,440 $12,010
2022 $1,138 $15,220 $1,300 $13,920
2021 $1,310 $14,300 $1,220 $13,080
2020 $1,280 $13,790 $1,180 $12,610
2019 $1,323 $13,470 $1,150 $12,320
2018 $1,287 $13,120 $1,120 $12,000
2017 $1,268 $13,110 $1,120 $11,990
2016 $1,243 $13,110 $1,120 $11,990
2015 $1,182 $13,110 $1,120 $11,990
2014 $1,182 $13,110 $1,120 $11,990
2013 $1,182 $13,470 $1,150 $12,320
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: MARIS MLS

MLS Number: MIS20012522

MARIS MLS

APN: 23-2-07-12-17-307-045