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2228 18th Avenue

2228 18th Avenue, Rockford, IL 61104
Property in Southeast
Sold Mar 03, 2020
Transfer
$88,369 by Envoy Mortgage Ltd
Mortgage Due Apr 01, 2050
Sold Aug 30, 2019
$50,000
Local assessors in Rockford, IL have categorized 2228 18th Avenue as a residential type of property. The home was built in 1968 and is 56 years old. The property's lot size has been calculated to be 6,534 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a quadplex style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 15 rooms in the home. Of these, 7 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 4 full bathrooms. There are also 4 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 2228 18th Avenue has a total of 3,162 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a full basement that is 1,581 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a water system. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Do you like to entertain? The home has a unknown so you'll have a great option in the back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with brick control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a roof that is made of asphalt. Lots of brick were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for flooring, was the material of choice during construction. Residents rely on central air conditioning for their cooling system. The home's electric heaters is the primary heating source and it is being fueled with electricity. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. Before that, the property was also sold for $50,000 in Aug 21, 2019. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $3,475 in taxes each year. 2228 18th Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $36,411. If we break it down further, the land itself was valued at $2,034. Improvements to the property, however, were assessed at a total of $34,377. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 15
  • Bedroom Count: 7
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 20
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Brick
  • Building Style: Quadplex
  • Exterior Walls Type: Brick
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 4
  • Floor Cover: Carpet
  • Basement Type: Full basement
  • Basement Area: 1,581
  • Parking Type: Attached
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,534
  • Total Building Area: 4,743
  • Gross Building Area: 4,743
  • Building Area: 3,162
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Electric
  • Heated Square Feet: 3,162
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: SUNNYSIDE SUB
  • Land Acres: 0.15
  • Standard Land Use Code: Quadruplex (4 units, any combination)
  • Legal Description 1: NORTON + BLEWFIELDS RE-PLAT OF E 8 FTLOT 9 + ALL LOTS 10-11-12-13 + 14 OF BLK 2 OF RE- PLAT OF PTS BLKS 1-2- 4+5OF SUNNYSIDE SUB EC 36-44-1 E OF 3RD P

Ownership

  • Current Owner : PORCAYO ALEJANDRO LEAL
  • Previous Owner : YOUR RENTAL SOLUTIONS-REALINGTON ENTERPR
  • Owner Before Previous Owner: CENTRAL ILLINOIS REAL ESTATE HOLDINGS LL
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Rockford School District 205
  • Census Tract: 001800

Zoning

  • Zoning: R1

Geography

  • Parcel: 11-36-276-016
  • Block: 2
  • Lot: 10-11
  • Municipality: ROCKFORD
  • Latitude: 42.2482
  • Longitude: -89.061

    Address

  • Full Address: 2228 18th Ave
  • Address - House Number: 2228
  • Address - Street Name: 18th
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Rockford
  • Carrier Code: C014
  • 4-Digit Zip Code: 5500
  • Zip Code: 61104

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,475
  • Tax Rate Code Area: 001

    Appraisal Valuation

  • Standard Deviation: 0.2379
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 66
  • Final Value: 151,878
  • High Value: 188,011
  • Low Value: 115,745

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $88,369
  • First Open Lien Mortgage Lender: ENVOY MORTGAGE LTD
  • First Open Lien Mortgage Recording Date: Mar 03, 2020
  • First Open Lien Mortgage Loan Amount: $88,369
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2050

    Market Valuation

  • Market Total Value: $109,233
  • Market Land Value: $6,102
  • Market Improvement Value: $103,131

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $36,411
  • Assessed Land Value: $2,034
  • Assessed Improvements Value: $34,377

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 02, 2020
  • Current Sale Recording Date: Mar 03, 2020
  • Current Sale Transaction ID: 11807989693
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 6062
  • Previous Sale Recording Date: Aug 30, 2019
  • Previous Sale Contract Date: Aug 21, 2019
  • Previous Sale Amount: $50,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: ENVOY MORTGAGE LTD
  • First Mortgage Transaction Date: Mar 03, 2020
  • First Mortgage Loan Amount: $88,369
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Apr 01, 2050

About Southeast



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Frequently Asked Questions

What neighborhood is 2228 18th Avenue located in?
The 2228 18th Avenue is a located in the neighborhood of Southeast in Southeast, Rockford.
What is the average sales price for listings in 2228 18th Avenue?
The average sales price for units in 2228 18th Avenue is $0 currently.

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