Seller's Agent in 2020
Kathy Ullrich
Key Realty, Inc.- Rockford
(815) 319-0860
1 in this area
26 Total Sales
Estimated Value: $1,587,248 - $1,603,000
50
Beds
34
Baths
37,050
Sq Ft
$43/Sq Ft
Est. Value
Highlights
- Central Heating and Cooling System
- Heating System Uses Steam
- 4-minute walk to Keye-Mallquist Park
About This Home
As of February 2020Peterson Apartments has 33 units. Historical building renovated school. Many original elements left in the design. Unique units no two apartments the same. Ample parking, garages, on site laundry. Pool is not currently operating. Tenant pays electric. Current boiler heats 2/3 of the units. Conversion to separate electric heat has been completed for 1/3 of the units. Gross potential income $192,000. Excellent opportunity. Call today to Schedule.
Last Agent to Sell the Property
Key Realty, Inc.- Rockford License #471018887 Listed on: 09/06/2019
Last Buyer's Agent
Non Member
NON MEMBER
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $29,757
Year Built
- Built in 1911
Lot Details
- 3.28 Acre Lot
- Lot Dimensions are 453.22x314x453.22x314
Home Design
- Tar and Gravel Roof
- Rubber Roof
Interior Spaces
- 37,050 Sq Ft Home
- 3-Story Property
Bedrooms and Bathrooms
- 50 Bedrooms
- 34 Bathrooms
Utilities
- Central Heating and Cooling System
- Window Unit Cooling System
- Heating System Uses Steam
- Separate Meters
- 120/240V
- 100 Amp Service
Listing and Financial Details
- Tenant pays for air conditioning, electricity, heat, varies by tenant
Community Details
Overview
- 33 Units
Building Details
- Electric Expense $6,300
- Fuel Expense $12,000
- Insurance Expense $6,000
- Other Expense $4,250
- Water Sewer Expense $10,200
- Operating Expense $44,750
- Gross Income $192,000
- Net Operating Income $117,493
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 6, 2019
Closed on
Feb 20, 2020
Sold by
Saleem & Associates Llc
Bought by
Realvita Investments Llc
Seller's Agent
Kathy Ullrich
Key Realty, Inc.- Rockford
Buyer's Agent
Non Member
NON MEMBER
List Price
$689,900
Sold Price
$639,900
Premium/Discount to List
-$50,000
-7.25%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$955,224
Avg. Annual Appreciation
16.27%
Original Mortgage
$479,925
Interest Rate
5.75%
Mortgage Type
New Conventional
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Realvita Investments Llc | $640,000 | Smithamundsen Llc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | Realvita Investments Llc | $479,925 | |
| Closed | Realvita Investments Llc | $479,925 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/28/2020 02/28/20 | Sold | $639,900 | -7.2% | $17 / Sq Ft |
| 11/20/2019 11/20/19 | Pending | -- | -- | -- |
| 09/06/2019 09/06/19 | For Sale | $689,900 | -- | $19 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
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 | $35,424 | $373,816 | $33,282 | $340,534 |
| 2023 | $31,114 | $299,650 | $29,346 | $270,304 |
| 2022 | $30,601 | $267,832 | $26,230 | $241,602 |
| 2021 | $30,099 | $245,582 | $24,051 | $221,531 |
| 2020 | $29,852 | $232,163 | $22,737 | $209,426 |
| 2019 | $29,644 | $221,276 | $21,671 | $199,605 |
| 2018 | $29,857 | $208,535 | $20,423 | $188,112 |
| 2017 | $29,609 | $199,574 | $19,545 | $180,029 |
| 2016 | $29,583 | $195,834 | $19,179 | $176,655 |
| 2015 | $29,955 | $195,834 | $19,179 | $176,655 |
| 2014 | $29,134 | $195,854 | $19,181 | $176,673 |
Source: Public Records
Agents Affiliated with this Home
-
Kathy Ullrich
-
N
Buyer's Agent in 2020
Non Member
NON MEMBER
Source: Midwest Real Estate Data (MRED)
MLS Number: 10509663
APN: 11-35-429-001
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