NOT LISTED FOR SALE

1043 W Washington St Springfield, IL 62702

Historic West Side Neighborhood

Estimated Value: $95,000 - $117,000

3 Beds
2 Baths
1,955 Sq Ft
$55/Sq Ft Est. Value

Last Sold March 31, 2022

Last sale price $75,000 $38 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $750/month

12 Days on Market

About This Home

As of March 2022

Well maintained duplex in great location. Currently occupied, this is instant cash flow for the rental investor. A 2 bed and 1 bed unit renting for 850 and 550. Located just seconds from SHG and a few minutes from downtown and the medical district. Many improvements in the last 3 years including plumbing and both unit updates. Inspections welcome, sold as-is.

Last Agent to Sell the Property

Jim Fulgenzi

RE/MAX Professionals License #471021607 Listed on: 01/17/2022

RE/MAX Professionals

Last Buyer's Agent

Phillip Anderson

River Birch Realty License #471020583

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,000

Lot Details

  • 6,316

Home Design

  • Duplex

Unfinished Basement

  • Partial Basement

Schools

  • Springfield District #186 High School

Listing and Financial Details

  • Tenant pays for gas & electric

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,000

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: Duplex/Side by Side
  • Legal Description: see tax records
  • Lvt Date: 01/17/2022
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Dish Washers: 2
  • Number Dryers: 2
  • Number of Ranges: 2
  • Number Refrigerators: 2
  • Number Washers: 2
  • Basement: Partial, Unfinished
  • Price Per Sq Ft: 38.36
  • Total Sq Ft: 1955

Exterior Features

  • Exterior: Vinyl Siding
  • Roofing: Shingles

Garage/Parking

  • Garage Parking: Detached, On-Street Parking
  • Number Parking Spaces: 2

Utilities

  • Heating Cooling: Forced Air, Gas, Window Units
  • Water Sewer: Public Sewer, Public Water
  • Laundry Facilities: Common
  • Number Window Units: 2

Schools

  • High School: Springfield District #186
  • High School: Springfield District #186

Lot Info

  • Estimated Lot Size: 50 x 100
  • Lot Description: Level
  • Geo Subdivision: IL

Rental Info

  • Tenant Pays: Gas & Electric
  • Lease Information: 1 Year

Tax Info

  • Annual Taxes: 2000
  • Parcel Id Number Tax Id: 14280353031
  • Tax Exemptions: Homestead/Owner Occupied
  • Tax Year: 2021

Multi Family

  • Total Number Units: 2
  • Total Number Electric Meters: 2
  • Total Number Gas Meters: 2
  • Total Number Heating Units: 2
  • Total Number Water Heaters: 2
  • Total Number Water Meters: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2022
Closed on
Mar 29, 2022
Sold by
Malone and Alaree
Bought by
Lo Stine Investments Llc
Seller's Agent
Jim Fulgenzi
RE/MAX Professionals
Buyer's Agent
Phillip Anderson
River Birch Realty
List Price
$89,900
Sold Price
$75,000
Premium/Discount to List
-$14,900
-16.57%
Current Estimated Value
$103,094

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,094
Avg. Annual Appreciation
9.00%
Original Mortgage
$52,800
Outstanding Balance
$50,009
Interest Rate
4.42%
Mortgage Type
New Conventional
Estimated Equity
$50,431

Purchase Details

Listed on
Sep 12, 2012
Closed on
Apr 3, 2013
Seller's Agent
Stephanie Do
Do Realty Services, Inc.
Buyer's Agent
Matthew Holcomb
IN BETWEEN OFFICES
List Price
$40,000
Sold Price
$31,750
Premium/Discount to List
-$8,250
-20.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.87%

Purchase Details

Listed on
Sep 12, 2012
Closed on
Feb 8, 2013
Seller's Agent
Stephanie Do
Do Realty Services, Inc.
Buyer's Agent
Matthew Holcomb
IN BETWEEN OFFICES
List Price
$40,000
Sold Price
$31,750
Premium/Discount to List
-$8,250
-20.62%

Purchase Details

Closed on
Jul 20, 2012

Purchase Details

Closed on
Jul 11, 2011

Purchase Details

Closed on
Oct 26, 2005

Purchase Details

Closed on
Nov 12, 1999
Source: Public Records

Range of Values:

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Average Value
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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
Lo Stine Investments Llc $75,000 Zelle Law Offices Pc
-- -- --
-- $30,000 --
-- -- --
-- -- --
-- $79,000 --
-- $65,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lo Stine Investments Llc $52,800
Previous Owner Malone Christopher $52,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2022 03/31/22 Sold $75,000 -16.6% $38 / Sq Ft
01/29/2022 01/29/22 Pending -- -- --
01/17/2022 01/17/22 For Sale $89,900 +38.3% $46 / Sq Ft
08/24/2018 08/24/18 Sold $65,000 -18.6% $33 / Sq Ft
08/06/2018 08/06/18 Pending -- -- --
04/23/2018 04/23/18 For Sale $79,900 +151.7% $41 / Sq Ft
02/14/2013 02/14/13 Sold $31,750 -20.6% $16 / Sq Ft
01/30/2013 01/30/13 Pending -- -- --
09/12/2012 09/12/12 For Sale $40,000 -- $20 / Sq Ft
Source: RMLS Alliance

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 $2,250 $26,782 $5,374 $21,408
2023 $2,163 $24,463 $4,909 $19,554
2022 $2,079 $23,206 $4,657 $18,549
2021 $2,011 $22,337 $4,483 $17,854
2020 $1,971 $22,371 $4,490 $17,881
2019 $1,934 $22,293 $4,474 $17,819
2018 $1,963 $23,230 $4,453 $18,777
2017 $1,922 $22,929 $4,395 $18,534
2016 $1,884 $22,595 $4,331 $18,264
2015 $1,866 $22,325 $4,279 $18,046
2014 $1,838 $22,180 $4,251 $17,929
2013 $1,797 $22,180 $4,251 $17,929
Source: Public Records

Agents Affiliated with this Home

  • Jim Fulgenzi

    Seller's Agent in 2022

    Jim Fulgenzi

    RE/MAX Professionals

    (217) 341-5393

    26 in this area

    754 Total Sales

    Section Image
  • Phillip Anderson

    Buyer's Agent in 2022

    Phillip Anderson

    River Birch Realty

    (217) 638-7374

    2 in this area

    12 Total Sales

    Section Image

  • M

    Seller's Agent in 2018

    Matthew Holcomb

    IN BETWEEN OFFICES

  • Stephanie Do

    Seller's Agent in 2013

    Stephanie Do

    Do Realty Services, Inc.

    (217) 241-2523

    3 in this area

    239 Total Sales

    Section Image
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Map

Source: RMLS Alliance

MLS Number: CA1012034

RMLS Alliance

APN: 14-28.0-353-031

Illinois Sangamon County Springfield 62702 Historic West Side

1043 W Washington St, Springfield, IL

This home is located at 1043 W Washington St, Springfield, IL 62702 since 17 January 2022 and is currently estimated at $107,127, approximately $54 per square foot. 1043 W Washington St is a home located in Sangamon County with nearby schools including Dubois Elementary School, U.S. Grant Middle School, and Springfield High School.

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.

RMLS Alliance IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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