NOT LISTED FOR SALE

85 Lake St Galesburg, IL 61401

Estimated Value: $70,617 - $83,000

-- Bed
-- Bath
1,480 Sq Ft
$51/Sq Ft Est. Value

Last Sold September 08, 2023

Last sale price $65,000 $44 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $573/month

4 Days on Market

Highlights

  • 2 Car Attached Garage
  • Forced Air Heating System
  • Level Lot

About This Home

As of September 2023

Welcome to your ideal investment property! This delightful duplex boasts not one, but two well-maintained units, each with its own unique charm and character. The Ultimate Duplex Package: With a spacious 2-bed, 1-bath unit and an inviting 1-bed, 1-bath unit, this property offers versatility and endless potential. Ideal for savvy investors, first-time homebuyers, or those seeking a supplementary income stream. Call to schedule your private showing today.

Last Agent to Sell the Property

Kori Jensen

CENTURY 21 Tucker Swanson Brokerage Phone: 309-343-6121 License #471020928 Listed on: 07/31/2023

Last Buyer's Agent

Cassie Causey

CENTURY 21 Tucker Swanson License #475184455

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,885

Year Built

  • Built in 1892

Lot Details

  • Lot Dimensions are 66 x 153
  • Level Lot

Home Design

  • Brick Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,480 Sq Ft Home
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Parking

  • 2 Car Attached Garage
  • On-Street Parking

Schools

  • Galesburg High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 99-12-355-013

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,885

Year Built

Built in 1892

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Residential Income
  • Year Built: 1892
  • New Construction: No
  • Structure Type: Two or More Story
  • PricePerSqFt: 43.92
  • Age55PlusDevelopment: No
  • Attribution Contact: Office: 309-343-6121
  • Special Features: None

Interior Features

  • Basement: Full, Partially Finished

Exterior Features

  • Lot Features: Level
  • Construction Type: Vinyl Siding
  • Foundation Details: Brick
  • Roof: Shingle
  • 100YearPlain: No

Garage/Parking

  • Parking Features: Attached, On Street
  • Total Parking Spaces: 2

Utilities

  • Heating: Forced Air, Gas, Gas Water Heater
  • Water Source: Public Sewer, Public
  • GasExpense: 0
  • NumberOfWaterHeaters: 2
  • NumberOfHeatingUnits: 2
  • NumberOfCentralAirUnits: 1
  • NumberOfGasMeters: 2
  • NumberOfElectricMeters: 2
  • NumberofWaterMeters: 1

Fee Information

  • AdvertisingExpense: 0

Schools

  • High School: Galesburg

Lot Info

  • Development Status: Completed
  • Lot Size: 66 x 153
  • Parcel #: 99-12-355-013

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 1813.02
  • TaxExemptions: None

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 9900

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2023
Closed on
Sep 7, 2023
Sold by
Valdez Ryan J K and Valdez Ashlee R
Bought by
Cf Rentals Llc Series Ii
Seller's Agent
Kori Jensen
CENTURY 21 Tucker Swanson
Buyer's Agent
Cassie Causey
CENTURY 21 Tucker Swanson
List Price
$65,000
Sold Price
$65,000
Views
41
Current Estimated Value
$75,954

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,954
Avg. Annual Appreciation
7.75%
Original Mortgage
$48,750
Outstanding Balance
$47,815
Interest Rate
7%
Mortgage Type
Construction
Estimated Equity
$27,199

Purchase Details

Listed on
Sep 29, 2020
Closed on
Mar 5, 2021
Sold by
Mckee Mary E
Bought by
Valdez Ryan J K
Seller's Agent
Sara Varner
Platinum Key Real Estate, LLC
Buyer's Agent
Kori Jensen
CENTURY 21 Tucker Swanson
List Price
$74,900
Sold Price
$57,000
Premium/Discount to List
-$17,900
-23.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.39%
Original Mortgage
$42,750
Interest Rate
3.5%
Mortgage Type
Construction
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
Cf Rentals Llc Series Ii $65,000 Western Illinois Title
Valdez Ryan J K $57,000 Attorney Only
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cf Rentals Llc Series Ii $48,750
Previous Owner Valdez Ryan J K $42,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2023 09/08/23 Sold $65,000 0.0% $44 / Sq Ft
08/04/2023 08/04/23 Pending -- -- --
07/31/2023 07/31/23 For Sale $65,000 +14.0% $44 / Sq Ft
03/10/2021 03/10/21 Sold $57,000 -12.3% $39 / Sq Ft
02/08/2021 02/08/21 Pending -- -- --
11/06/2020 11/06/20 Price Changed $65,000 -7.0% $44 / Sq Ft
10/21/2020 10/21/20 Price Changed $69,900 -6.7% $47 / Sq Ft
09/29/2020 09/29/20 For Sale $74,900 -- $51 / 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
2024 $1,885 $20,320 $2,440 $17,880
2023 $1,885 $19,670 $2,360 $17,310
2022 $1,813 $19,130 $2,360 $16,770
2021 $1,775 $18,240 $2,230 $16,010
2020 $1,804 $18,240 $2,230 $16,010
2019 $1,783 $17,890 $2,190 $15,700
2018 $1,777 $17,890 $2,130 $15,760
2017 $1,740 $17,370 $2,070 $15,300
2015 -- $17,110 $2,040 $15,070
2013 $1,574 $17,280 $2,060 $15,220
Source: Public Records

Agents Affiliated with this Home

  • Kori Jensen

    Seller's Agent in 2023

    Kori Jensen

    CENTURY 21 Tucker Swanson

    (309) 620-6428

    206 in this area

    282 Total Sales

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  • Cassie Causey

    Buyer's Agent in 2023

    Cassie Causey

    CENTURY 21 Tucker Swanson

    (318) 780-5698

    141 in this area

    243 Total Sales

    Section Image
  • Sara Varner

    Seller's Agent in 2021

    Sara Varner

    Platinum Key Real Estate, LLC

    (309) 335-3573

    320 in this area

    547 Total Sales

    Section Image
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Map

Source: RMLS Alliance

MLS Number: CA1023782

RMLS Alliance

APN: 99-12-355-013

Illinois Knox County Galesburg 61401

85 Lake St, Galesburg, IL

This home is located at 85 Lake St, Galesburg, IL 61401 since 31 July 2023 and is currently estimated at $76,154, approximately $51 per square foot. This property was built in 1892. 85 Lake St is a home located in Knox County with nearby schools including Nielson Elementary School, Galesburg High School, and Galesburg Christian 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.

RMLS Alliance 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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