NOT LISTED FOR SALE

810 2nd St Unit A-B Colona, IL 61241

Estimated Value: $108,440 - $145,000

2 Beds
2 Baths
1,144 Sq Ft
$110/Sq Ft Est. Value

Last Sold March 31, 2022

Last sale price $90,000 $79 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $873/month

29 Days on Market

About This Home

As of March 2022

Come check out this great Investment opportunity in Colona, Illinois. The rental history is great with many of the same tenants for years. The 810 property has many updates including a new roof in 2021 and Mid American just completed an energy audit where the property received new insulation to make it even more efficient. This property is a must see and would be great to add to any rental portfolio. Current rents: Fully occupied 810 $550 per side, $1100 month

Last Agent to Sell the Property

Richard Mcclintock

Epique Realty License #S65382000/475.175050 Listed on: 01/28/2022

Last Buyer's Agent

Justin Landwehr

Currents and Keys Realty License #471.020361/B65490000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,273

Year Built

  • Built in 1979

Lot Details

  • 8,276

Home Design

  • Duplex

Basement

  • Crawl Space

Schools

  • Colona Elementary School
  • United Township High School

Listing and Financial Details

  • Tenant pays for all utilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,273

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: Duplex/Side by Side
  • Legal Description: Lot 5 Blk 4 Ryan Gardens City Of Green Rock Tif
  • Lvt Date: 01/28/2022
  • Year Built: 1979
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number of Ranges: 2
  • Number Refrigerators: 2
  • Basement: Crawl Space
  • Price Per Sq Ft: 78.67
  • Total Sq Ft: 1144

Exterior Features

  • Exterior: Vinyl Siding
  • Road Access: Paved
  • Roofing: Shingles
  • Development Name: Ryan Gardens

Garage/Parking

  • Garage Parking: Guest Parking, On-Street Parking
  • Number Parking Spaces: 2

Utilities

  • Heating Cooling: Forced Air, Gas, Central Air
  • Water Sewer: Public Sewer, Public Water
  • Laundry Facilities: Units Hook-Ups
  • Water Sewer Expenses: 60

Schools

  • Elementary School: Colona
  • High School: United Township
  • Elementary School: Colona
  • High School: United Township

Lot Info

  • Estimated Lot Size: 60 x 140
  • Lot Description: Level
  • Subdivision: Ryan Garden
  • Geo Subdivision: IL

Rental Info

  • Tenant Pays: All Utilities

Tax Info

  • Annual Taxes: 2272.68
  • Parcel Id Number Tax Id: 06-10-483-005
  • Tax Year: 2020

Multi Family

  • Total Number Units: 2
  • Total Number Central Air Units: 2
  • Total Number Electric Meters: 2
  • Total Number Gas Meters: 2
  • Total Number Heating Units: 2
  • Total Number Water Heaters: 2
  • Total Number Water Meters: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2022
Closed on
Mar 30, 2022
Sold by
Joe Bulman Billy
Bought by
Ditto Chuck
Seller's Agent
Richard Mcclintock
Epique Realty
Buyer's Agent
Justin Landwehr
Currents and Keys Realty
List Price
$289,000
Sold Price
$90,000
Premium/Discount to List
-$199,000
-68.86%
Current Estimated Value
$125,360

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,360
Avg. Annual Appreciation
16.29%
Original Mortgage
$242,000
Outstanding Balance
$215,887
Interest Rate
3.63%
Mortgage Type
New Conventional
Estimated Equity
-$69,554

Purchase Details

Closed on
Sep 28, 2005
Sold by
Cook Jason M and Cook Brea A
Bought by
Bulman Billy J and Bulman Carol A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,800
Interest Rate
5.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 1, 2005
Sold by
Vangilder Dana D and Vangilder Curtis
Bought by
Cook Jason M and Cook Brea A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,290
Interest Rate
5.71%
Mortgage Type
FHA
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
Ditto Chuck $240,000 None Listed On Document
Ditto Chuck $240,000 None Listed On Document
Bulman Billy J $68,500 None Available
Cook Jason M $62,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ditto Chuck $242,000
Closed Ditto Chuck $242,000
Previous Owner Bulman Billy J $54,800
Previous Owner Cook Jason M $61,290
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2022 03/31/22 Sold $90,000 -9.9% $79 / Sq Ft
02/26/2022 02/26/22 Pending -- -- --
02/23/2022 02/23/22 Price Changed $99,900 -8.3% $87 / Sq Ft
02/18/2022 02/18/22 Price Changed $109,000 -60.7% $95 / Sq Ft
02/05/2022 02/05/22 Price Changed $277,500 -4.0% $243 / Sq Ft
01/28/2022 01/28/22 For Sale $289,000 -- $253 / Sq Ft
Source: RMLS Alliance

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
2023 $2,491 $25,573 $3,102 $22,471
2022 $2,310 $23,248 $2,820 $20,428
2021 $2,367 $23,505 $3,478 $20,027
2020 $2,273 $22,319 $3,303 $19,016
2019 $2,273 $22,484 $3,327 $19,157
2018 $2,236 $22,350 $3,307 $19,043
2017 $2,214 $22,575 $3,340 $19,235
2016 $2,178 $22,285 $3,297 $18,988
2015 $1,767 $21,805 $3,226 $18,579
2013 $1,767 $21,336 $3,157 $18,179
Source: Public Records

Agents Affiliated with this Home

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Map

Source: RMLS Alliance

MLS Number: QC4229969

RMLS Alliance

APN: 06-10-483-005