Seller's Agent in 2020
Seth Goodman
ME Realty
(217) 737-3742
952 in this area
1,879 Total Sales
1 Latham Place Lincoln, IL 62656
Estimated Value: $262,526
4
Beds
--
Bath
6,400
Sq Ft
$41/Sq Ft
Est. Value
About This Home
As of October 2020WOW! A truly remarkable one of a kind historic opportunity awaits you with #1 Latham Place, Lincoln -- seven units -- all currently rented! At $190,000, this undeniably regal and amazingly solid all brick (minimal amount of vinyl siding at top of exterior side eaves) four story apartment complex is a solid buy -- and is situated right across from Latham Park and within steps of historic downtown Lincoln, Illinois! Each unit features a living room with hardwood flooring, dining area, efficient equipped kitchen, bedroom, and a full bath. Property also features charming natural woodwork, a full basement with laundry/mechanical facilities (two coin operated washer and dryers to remain) as well as both interior as well as exterior access points, efficient boiler heat (hot water), and a detached four car garage with rear alley access. Each unit rents for $450.00/month ($450.00 deposit for each). Landlord pays for water, sewer, and trash -- and also covers lawn maintenance and snow removal. T
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,958
Lot Details
- 8,407
Partially Finished Basement
- Basement Fills Entire Space Under The House
Schools
- Illini Central Elementary School
- Lincoln High School
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 1, 2020
Closed on
Oct 9, 2020
Sold by
Reynolds Trust
Bought by
Huston Chase A
Seller's Agent
Seth Goodman
ME Realty
Buyer's Agent
Seth Goodman
ME Realty
List Price
$190,000
Sold Price
$176,500
Premium/Discount to List
-$13,500
-7.11%
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
$86,026
Avg. Annual Appreciation
8.05%
Original Mortgage
$141,200
Outstanding Balance
$127,445
Interest Rate
3.75%
Mortgage Type
New Conventional
Estimated Equity
$135,081
Purchase Details
Closed on
Sep 19, 2016
Sold by
Reynolds Clyde R and Reynolds Sharon A
Bought by
Reynolds Sharon A and Reynolds Trust
Purchase Details
Closed on
Dec 18, 1995
Sold by
Reynolds Clyde and Reynolds Sharon
Bought by
Reynolds Clyde R and Reynolds Sharon A
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Huston Chase A | $176,500 | None Available | |
| Reynolds Sharon A | -- | -- | |
| Reynolds Clyde R | $130,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Huston Chase A | $141,200 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/09/2020 10/09/20 | Sold | $176,500 | -7.1% | $28 / Sq Ft |
| 08/25/2020 08/25/20 | Pending | -- | -- | -- |
| 04/01/2020 04/01/20 | For Sale | $190,000 | -- | $30 / Sq Ft |
Source: RMLS Alliance
Tax History Compared to Growth
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 | $6,738 | $73,500 | $8,720 | $64,780 |
| 2023 | $6,435 | $68,050 | $8,070 | $59,980 |
| 2022 | $6,276 | $63,600 | $7,540 | $56,060 |
| 2021 | $6,046 | $61,060 | $7,240 | $53,820 |
| 2020 | $5,967 | $60,150 | $7,130 | $53,020 |
| 2019 | $5,958 | $60,150 | $7,130 | $53,020 |
| 2018 | $5,912 | $58,970 | $6,990 | $51,980 |
| 2017 | $5,878 | $58,970 | $6,990 | $51,980 |
| 2016 | $5,726 | $58,910 | $6,980 | $51,930 |
| 2015 | $5,568 | $56,940 | $6,750 | $50,190 |
| 2014 | $5,568 | $56,940 | $6,750 | $50,190 |
| 2013 | $5,568 | $54,050 | $6,410 | $47,640 |
| 2012 | $5,568 | $55,030 | $6,530 | $48,500 |
Source: Public Records
Agents Affiliated with this Home
-
Seth Goodman
Map
Source: RMLS Alliance
MLS Number: RMACA20200152
APN: 08-210-008-00
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.
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