NOT LISTED FOR SALE

8909 Peterson Ln Belleville, IL 62223

Estimated Value: $158,000 - $205,000

-- Bed
-- Bath
1,828 Sq Ft
$100/Sq Ft Est. Value

Last Sold May 16, 2019

Last sale price $41,500 $23 Per Sq Ft

Est. 340% increase in value since last sale

Current estimated payment $1,382/month

About This Home

As of May 2019

Unit being sold in As Is condition. Currently has 1 tenant that is paying 495 a month. The other units are vacant and need rehabbed. It has the potential for 3 one bedroom units. Sold before print.

Last Agent to Sell the Property

Gary Johnston

Johnston Realty, Inc. License #471004014 Listed on: 05/16/2019

Last Buyer's Agent

Gary Johnston

Johnston Realty, Inc. License #471004014 Listed on: 05/16/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,069

Year Built

  • Built in 1961

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 150x100

Parking

  • Off-Street Parking

Home Design

  • 1,828 Sq Ft Home
  • Triplex
  • Brick or Stone Mason

Utilities

  • Two Cooling Systems Mounted To A Wall/Window
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for electric, gas, water
  • Assessor Parcel Number 02-35.0-422-055

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,069

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Multi-Family 2-4
  • Cross Street: S 89th
  • Municipality Township: Belleville
  • Special Description: No Exemptions
  • Age: 58
  • Ownership: Private
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Square Footage: 1828

Exterior Features

  • Construction: Brick/Stone Msn Pred

Garage/Parking

  • Parking: Off Street

Utilities

  • Sewer: Public
  • Water: Public
  • Water Heater: Electric
  • Cooling: 2 Window/Wall
  • Heating: Baseboard

Schools

  • School District: Signal Hill DIST 181
  • Elementary School: SIGNAL HILL DIST 181
  • Middle School: SIGNAL HILL DIST 181
  • High School: Belleville High School-West

Lot Info

  • Lot Dimensions: 150x100
  • Lot Sq Ft: 14026
  • Acres: 0.3220

Rental Info

  • Tenancy Type: 1 or More Vacant
  • Tenant Pays: Electric, Gas, Water

Multi Family

  • Gross Operating Income: 5940.00
  • Units: 1
  • Total Expenses: 3996.00
  • Type Of Units: 3-Family

Tax Info

  • Taxes Paid: 3996
  • Assessor Parcel Number: 02-35.0-422-055

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2019
Closed on
May 15, 2019
Sold by
Gunnison Properties Llc
Bought by
Rollingbrook Properties Llc
Seller's Agent
Gary Johnston
Johnston Realty, Inc.
Buyer's Agent
Gary Johnston
Johnston Realty, Inc.
List Price
$59,000
Sold Price
$41,500
Premium/Discount to List
-$17,500
-29.66%
Current Estimated Value
$182,482

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$140,982
Avg. Annual Appreciation
25.81%

Purchase Details

Listed on
May 16, 2019
Closed on
Apr 29, 2019
Sold by
First Bank
Bought by
Gunnison Properties Llc
Seller's Agent
Gary Johnston
Johnston Realty, Inc.
Buyer's Agent
Gary Johnston
Johnston Realty, Inc.
List Price
$59,000
Sold Price
$41,500
Premium/Discount to List
-$17,500
-29.66%

Purchase Details

Closed on
Jun 28, 2018
Sold by
Curry Drea and Silva Adriano M
Bought by
First Bank

Purchase Details

Closed on
Dec 27, 2010
Sold by
Silva Adriano
Bought by
City Of Belleville

Purchase Details

Closed on
Oct 16, 2006
Sold by
Reilly Kenneth
Bought by
Silva Adriano M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
8%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 11, 2002
Sold by
Reichling Donald J and Reichling Linda K
Bought by
Reilly Kenneth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
8%
Mortgage Type
Purchase Money Mortgage
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
Rollingbrook Properties Llc $41,500 Illinois Title & Escrow
Gunnison Properties Llc $1,500 Edwardsville Ttl & Escow Llc
First Bank -- Attorney
City Of Belleville $5,500 None Available
Silva Adriano M $130,000 Chicago Title
Reilly Kenneth $76,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Silva Adriano M $104,000
Previous Owner Reilly Kenneth $90,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/16/2019 05/16/19 Sold $41,500 -29.7% $23 / Sq Ft
05/16/2019 05/16/19 For Sale $59,000 -- $32 / 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 $5,069 $51,903 $6,942 $44,961
2023 $4,980 $49,387 $6,806 $42,581
2022 $4,552 $44,461 $6,127 $38,334
2021 $4,369 $41,103 $5,664 $35,439
2020 $4,242 $38,869 $5,356 $33,513
2019 $4,051 $36,765 $5,632 $31,133
2018 $3,953 $35,970 $5,510 $30,460
2017 $3,996 $35,717 $5,472 $30,245
2016 $3,833 $34,959 $5,356 $29,603
2014 $3,577 $35,924 $6,154 $29,770
2013 $3,953 $36,438 $6,242 $30,196
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MARIS MLS

MLS Number: MIS19036412

MARIS MLS

APN: 02-35.0-422-055