NOT LISTED FOR SALE

1121 E Spruce St Springfield, IL 62703

Iles Park Neighborhood

Estimated Value: $56,000 - $110,000

5 Beds
2 Baths
1,500 Sq Ft
$49/Sq Ft Est. Value

Last Sold September 30, 2019

Last sale price $29,500 $20 Per Sq Ft

Est. 151% increase in value since last sale

Current estimated payment $478/month

73 Days on Market

About This Home

As of September 2019

Great investment property with both units leased out. Utilities are separated for ease of managing, new roof in July 2018 and both units painted January 2019, bathrooms updated, fence in backyard new, new HWH and sump pump. The duplex is being sold AS IS - inspection welcome. 12 hour notice for all showings

Last Agent to Sell the Property

Jerry George

The Real Estate Group, Inc. License #475159363 Listed on: 06/07/2019

The Real Estate Group, Inc.

Last Buyer's Agent

Jerry George

The Real Estate Group, Inc. License #475159363 Listed on: 06/07/2019

The Real Estate Group, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $924

Year Built

  • Built in 2019

Lot Details

  • 6,055

Home Design

  • Duplex

Basement

  • Partial Basement
  • Brick Basement

Schools

  • Springfield District #186 High School

Utilities

  • Cable TV Available

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$924

Year Built

Built in 2019

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: Duplex/Side by Side
  • Legal Description: E1/2 L8 & W1/2 L9 B3 GRIMSHAWS SUB W PT N FRL 1/2 NE FRL 3-15-5
  • Year Built: 2019
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Cable Tv Available
  • Number Dish Washers: 1
  • Number of Ranges: 2
  • Number Refrigerators: 2
  • Basement: Partial, Brick
  • Price Per Sq Ft: 19.67
  • Total Sq Ft: 1500

Exterior Features

  • Exterior: Brick, Vinyl Siding
  • Exterior Amentities: Fenced

Garage/Parking

  • Garage Parking: On-Street Parking
  • Number Parking Spaces: 4

Utilities

  • Heating Cooling: Baseboard, Electric, Window Units
  • Water Sewer: Public Sewer, Public Water
  • Garbage Collection Exp: 360
  • Number Window Units: 5

Schools

  • High School: Springfield District #186

Lot Info

  • Estimated Lot Size: 40 x 152
  • Lot Description: Level
  • Zoning: duplex
  • Geo Subdivision: IL

Rental Info

  • Gross Annual Rent Income: 15000
  • Lease Information: Month-To-Month

Tax Info

  • Annual Taxes: 924
  • Parcel Id Number Tax Id: 22030211009
  • Tax Year: 2018

Multi Family

  • Total Number Units: 2
  • Gross Annual Income: 15000
  • 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
Jun 7, 2019
Closed on
Sep 30, 2019
Sold by
Habash Alla
Bought by
Shanks Nathan P
Seller's Agent
Jerry George
The Real Estate Group, Inc.
Buyer's Agent
Jerry George
The Real Estate Group, Inc.
List Price
$33,000
Sold Price
$29,500
Premium/Discount to List
-$3,500
-10.61%
Current Estimated Value
$74,012

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,512
Avg. Annual Appreciation
15.88%
Original Mortgage
$35,000
Outstanding Balance
$23,855
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$50,157

Purchase Details

Closed on
Nov 18, 2015

Purchase Details

Closed on
Nov 10, 2010

Purchase Details

Closed on
Jul 29, 1996
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Shanks Nathan P $29,500 None Listed On Document
-- $7,000 --
-- $7,000 --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shanks Nathan P $35,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/30/2019 09/30/19 Sold $29,500 -10.6% $20 / Sq Ft
08/21/2019 08/21/19 Price Changed $33,000 0.0% $22 / Sq Ft
08/19/2019 08/19/19 Pending -- -- --
06/07/2019 06/07/19 For Sale $33,000 +65.0% $22 / Sq Ft
01/31/2018 01/31/18 Sold $20,000 -33.3% -- View Prior Sale
01/17/2018 01/17/18 Pending -- -- --
10/05/2017 10/05/17 For Sale $30,000 -- --
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 $1,078 $12,832 $1,489 $11,343
2023 $1,036 $11,721 $1,360 $10,361
2022 $996 $11,118 $1,290 $9,828
2021 $963 $10,702 $1,242 $9,460
2020 $944 $10,718 $1,244 $9,474
2019 $541 $6,232 $1,240 $4,992
2018 $579 $6,855 $1,234 $5,621
2017 $924 $11,020 $1,218 $9,802
2016 $906 $10,859 $1,200 $9,659
2015 $897 $10,730 $1,186 $9,544
2014 $883 $10,660 $1,178 $9,482
2013 $864 $10,660 $1,178 $9,482
Source: Public Records

Agents Affiliated with this Home

  • Jerry George

    Seller's Agent in 2019

    Jerry George

    The Real Estate Group, Inc.

    (217) 638-1360

    24 in this area

    889 Total Sales

    Jerry George
    Section Image
  • Dennis Pryor

    Seller's Agent in 2018

    Dennis Pryor

    Century 21 Real Estate Assoc

    (217) 414-6027

    65 Total Sales

    Dennis Pryor
    Section Image
See All Agents

Map

Source: RMLS Alliance

MLS Number: RMACA193706

RMLS Alliance

APN: 22-03.0-211-009

Illinois Sangamon County Springfield 62703 Iles Park

1121 E Spruce St, Springfield, IL

Not Listed for Sale

MultiFamily

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