NOT LISTED FOR SALE

Estimated Value: $199,000 - $363,000

2 Beds
-- Bath
19,720 Sq Ft
$14/Sq Ft Est. Value

Last Sold May 03, 2013

Last sale price $525,000 $27 Per Sq Ft

Est. 49% decrease in value since last sale

Current estimated payment $1,805/month

240 Days on Market

Highlights

  • Laundry Room
  • Hot Water Heating System
  • 2-minute walk to Atwood Wayside Park
  • Central Air

About This Home

As of May 2013

This home is located at 818 E Washington St, Bloomington, IL 61701 since 06 August 2012 and is currently estimated at $275,000, approximately $13 per square foot. This property was built in 1964. 818 E Washington St is a home located in McLean County with nearby schools including Washington Elementary School, Bloomington Junior High School, and Bloomington High School.

Last Agent to Sell the Property

Mark Kudrys

Freedom Realty License #475153087 Listed on: 08/06/2012

Co-Listed By

BNAR Conversion Agent

BNAR Conversion Office

Last Buyer's Agent

BNAR Conversion Agent

BNAR Conversion Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,504

Year Built

  • Built in 1964

Lot Details

  • Lot Dimensions are 186x115

Interior Spaces

  • 19,720 Sq Ft Home
  • 2-Story Property
  • Laundry Room
  • Unfinished Basement

Utilities

  • Central Air
  • Hot Water Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 22 Units

Building Details

  • Electric Expense $3,700
  • Fuel Expense $5,000
  • Insurance Expense $2,400
  • Maintenance Expense $12,000
  • Manager Expense $8,000
  • Other Expense $5,000
  • Water Sewer Expense $9,500
  • Operating Expense $64,154
  • Gross Income $122,000
  • Net Operating Income $46,846

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,504

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats,Condo/Townhouse
  • Stories: 2
  • Year Built: 1964
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Description: Other,Unfinished,None
  • Misc Inside: Laundry Room,Inside Corridor/s

Exterior Features

  • List Price: 535000
  • Exterior Building Type: Vinyl Siding,Brick

Garage/Parking

  • Outdoor Parking: 19-30 Spaces,Paved

Utilities

  • Cooling: Central Air
  • Utilities: Water-Municipal, Sanitary Sewer
  • Heat/Ventilation: Hot Water,Gas

Condo/Co-op/Association

  • Manager Expense: 8000
  • Conversion YN: N

Fee Information

  • Water Sewer Expenses: 9500

Lot Info

  • Lot Dimensions: 186X115

Rental Info

  • Tenant Pays: Other, Electricity
  • Board Number: 23

Building Info

  • BuildingAreaTotal: 19720

Multi Family

  • Net Operating Income: 46846
  • Fuel Expense: 5000
  • Insurance Expense: 2400
  • ElectricExpense: 3700
  • GrossIncome: 122000
  • Maintenance Expense: 12000
  • NumberOfUnitsTotal: 22
  • OperatingExpense: 64154
  • Type Multi-Family: Flats,Condo/Townhouse

Tax Info

  • Tax Annual Amount: 16504
  • Tax Year: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 27, 2022
Sold by
Apartment Investments Xxii Limited Partn
Bought by
Imat Groupe Llc
Current Estimated Value
$269,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,625,000
Outstanding Balance
$1,571,095
Interest Rate
6.02%
Mortgage Type
New Conventional
Estimated Equity
-$1,288,095

Purchase Details

Listed on
Aug 6, 2012
Closed on
Apr 29, 2013
Sold by
Paige Housing Llc
Bought by
Apartment Investors Xxii Lp
Seller's Agent
Mark Kudrys
Freedom Realty
Buyer's Agent
BNAR Conversion Agent
BNAR Conversion Office
List Price
$525,000
Sold Price
$525,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.91%
Original Mortgage
$400,000
Interest Rate
3.52%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Sep 29, 2008
Sold by
Illini Union Properties Constitution Llc
Bought by
Paige Housing Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 12, 2005
Sold by
Newlan Franciso Delacruz and Newlan Denise R
Bought by
Illine Uniion Properties Construction Ll

Purchase Details

Closed on
Jun 10, 2005
Sold by
Aussieker Duane
Bought by
Newlan Fracnisco Delacruz and Delacruz Denise R Shrrewsbury
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
Imat Groupe Llc $1,250,000 --
Apartment Investors Xxii Lp $525,000 Frontier Title Co
Paige Housing Llc $609,000 None Available
Illine Uniion Properties Construction Ll -- None Available
Newlan Fracnisco Delacruz -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Imat Groupe Llc $1,625,000
Previous Owner Apartment Investors Xxii Limited Partner $400,000
Previous Owner Apartment Investors Xxii Lp $400,000
Previous Owner Paige Housing Llc $463,867
Previous Owner Paige Housing Llc $502,729
Previous Owner Paige Housing Llc $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/03/2013 05/03/13 Sold $525,000 0.0% $27 / Sq Ft
04/03/2013 04/03/13 Pending -- -- --
08/06/2012 08/06/12 For Sale $525,000 -- $27 / 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 $3,949 $60,121 $13,502 $46,619
2022 $3,949 $46,469 $10,436 $36,033
2021 $3,615 $42,540 $9,554 $32,986
2020 $3,606 $42,540 $9,554 $32,986
2019 $3,595 $42,540 $9,554 $32,986
2018 $3,410 $40,514 $9,099 $31,415
2017 $3,411 $40,514 $9,099 $31,415
2016 $3,405 $40,514 $9,099 $31,415
2015 $3,266 $38,970 $8,752 $30,218
2014 $3,162 $38,970 $8,752 $30,218
2013 -- $38,970 $8,752 $30,218
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10209661

Midwest Real Estate Data (MRED)

APN: 21-04-431-023