NOT LISTED FOR SALE

907 Independence Ave Marion, IL 62959

Marion Area

Estimated Value: $1,866,686 - $3,109,000

4 Beds
4 Baths
36,000 Sq Ft
$69/Sq Ft Est. Value

Sale Details

Date Sold: January 29, 2021

Last sale price $2,100,000 $58 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $18,355 / mo

About This Home

As of January 2021

30 unit apartment development on east edge of Marion. Includes single family, duplexes and triplexes. Land for future development. Good occupancy and history of rents range from $895 to $1200.

Last Agent to Sell the Property

Dave Thompson

C21 HOUSE OF REALTY, INC. License #471005854 Listed on: 12/23/2020

Last Buyer's Agent

Dave Thompson

C21 HOUSE OF REALTY, INC. License #471005854 Listed on: 12/23/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $47,703

Year Built

  • Built in 2004

Lot Details

  • 12 Acre Lot
  • Lot Dimensions are 500x850

Home Design

  • 36,000 Sq Ft Home
  • Brick Exterior Construction
  • Vinyl Siding

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters

Listing and Financial Details

  • Tenant pays for all utilities

Community Details

Overview

  • 30 Units

Building Details

  • Electric Expense $1,000
  • Trash Expense $4,700
  • Operating Expense $26,800
  • Gross Income $325,140
  • Net Operating Income $298,340

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$47,703

Year Built

Built in 2004

Lot Details

12 Acres

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Ownership Type: Trust
  • Year Built: 2004
  • Legal Description: Part of SW 1/4 NW 1/4 Section 17 T 9 S R 3 S.
  • Information: Show-Call Listing Office
  • Estimated Age: 16-25 Years
  • Actual Status: Closed
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Brick, Vinyl Siding
  • Frontage Type: Paved

Utilities

  • Cooling: Central Air
  • Electric: Separate Meters
  • Heat/Ventilation: Electric,Forced Air

Fee Information

  • Trash Expense: 4700

Lot Info

  • Lot Size Acres: 12
  • Lot Dimensions: 500x850
  • Zoning: Resid
  • Property Offered: For Sale Only

Rental Info

  • Tenant Pays: All Utilities
  • Board Number: 29

Building Info

  • BuildingAreaTotal: 36000

Multi Family

  • Net Operating Income: 298340
  • ElectricExpense: 1000
  • GrossIncome: 325140
  • NumberOfUnitsTotal: 30
  • OperatingExpense: 26800

Tax Info

  • Tax Annual Amount: 47703

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 23, 2020
Closed on
Jan 28, 2021
Sold by
Bought by
Seller's Agent
Dave Thompson
C21 HOUSE OF REALTY, INC.
Buyer's Agent
Dave Thompson
C21 HOUSE OF REALTY, INC.
List Price
$2,100,000
Sold Price
$2,100,000
Current Estimated Value
$2,487,843

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$387,843
Avg. Annual Appreciation
3.13%
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,100,000 Law Offices Of Brandon C Maybe
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/29/2021 01/29/21 Sold $2,100,000 0.0% $58 / Sq Ft
12/23/2020 12/23/20 Pending -- -- --
12/23/2020 12/23/20 For Sale $2,100,000 -- $58 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $57,582 $744,390 $26,480 $717,910
2024 $57,582 $744,390 $26,480 $717,910
2023 $57,696 $744,390 $26,480 $717,910
2022 $45,843 $655,850 $23,330 $632,520
2021 $44,700 $632,150 $22,490 $609,660
2020 $44,700 $597,270 $21,250 $576,020
2019 $42,459 $597,270 $21,250 $576,020
2018 $42,459 $597,270 $21,250 $576,020
2017 $41,626 $597,270 $21,250 $576,020
2015 $40,806 $565,760 $20,130 $545,630
2013 $16,920 $565,760 $20,130 $545,630
2012 $16,920 $539,980 $20,130 $519,850
Source: Public Records

Agents Affiliated with this Home

  • Dave Thompson

    Seller's Agent in 2021

    Dave Thompson

    C21 HOUSE OF REALTY, INC.

    (618) 997-1111

    2 in this area

    150 Total Sales

    Dave Thompson
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: EB438107

Midwest Real Estate Data (MRED)

APN: 07-17-100-026

Illinois Williamson County Marion 62959

907 Independence Ave, Marion, IL

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.

Midwest Real Estate Data (MRED) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.