NOT LISTED FOR SALE

1123 W Fayette Ave Springfield, IL 62704

Historic West Side Neighborhood

Estimated Value: $190,000 - $219,000

4 Beds
4 Baths
2,436 Sq Ft
$85/Sq Ft Est. Value

Last Sold December 15, 2020

Last sale price $150,000 $62 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $1,512/month

About This Home

As of December 2020

1121-1123 West Fayette Avenue hosts two separate two bedroom 1.5 bath brick townhouse units with basements. Each unit is approximately 1200 square feet with a living room, kitchen, dining and half bath on the main floor; two bedrooms and a full bath upstairs; plus approximately 600 square feet in the unfinished basement with laundry hookups. New roof and new gutters and downspouts approximately 2018. Great location near the corner of Illinois and Fayette - this duplex sits only two blocks from Washington Park! Fenced yard and attached garage. Tenants pay their own utilities. Currently seller pays garbage, lawn, and snow removal. Updated furnaces. Both units are currently rented, please notify the day prior for showings. Being sold AS IS.

Last Agent to Sell the Property

ASHLEY COKER

The Real Estate Group, Inc. License #475160489 Listed on: 09/24/2020

The Real Estate Group, Inc.

Last Buyer's Agent

Emma Loret de Mola

The Real Estate Group, Inc. License #475175714

The Real Estate Group, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,734

Year Built

  • Built in 1950

Lot Details

  • 4,008

Schools

  • Springfield District #186 High School

Additional Features

  • Basement Fills Entire Space Under The House
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,734

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: 2+ Story | Duplex/Side by Side
  • Legal Description: E 50' L 19&E 50' S 6.61' L 20 B 1 WILLIAMS&COES ADD
  • Lvt Date: 09/24/2020
  • Year Built: 1950
  • Senior Community: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Cable Tv Available
  • Number of Ranges: 2
  • Number Refrigerators: 2
  • Basement: Full
  • Price Per Sq Ft: 61.58
  • Total Sq Ft: 2436

Exterior Features

  • Exterior: Brick
  • Roofing: Shingles

Garage/Parking

  • Garage Parking: Attached
  • Number Parking Spaces: 2

Utilities

  • Heating Cooling: Forced Air, Gas, Central Air
  • Water Sewer: Public Sewer, Public Water
  • Garbage Collection Exp: 200
  • Laundry Facilities: Units Hook-Ups

Schools

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

Lot Info

  • Estimated Lot Size: 50x80
  • Lot Description: Level
  • Geo Subdivision: IL

Rental Info

  • Tenant Pays: All Utilities
  • Gross Annual Rent Income: 16800
  • Lease Information: Month-To-Month

Tax Info

  • Annual Taxes: 4734
  • Parcel Id Number Tax Id: 14-33.0-302-016
  • Tax Year: 2019

Multi Family

  • Total Number Units: 2
  • Gross Annual Income: 16800
  • Total Number Central Air 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
Sep 24, 2020
Closed on
Dec 10, 2020
Sold by
Palazzolo Mary K and Palazzolo Mark
Bought by
Demola Ricardo Loret and De Mola Emma
Seller's Agent
ASHLEY COKER
The Real Estate Group, Inc.
Buyer's Agent
Emma Loret de Mola
The Real Estate Group, Inc.
List Price
$157,500
Sold Price
$150,000
Premium/Discount to List
-$7,500
-4.76%
Current Estimated Value
$206,843

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,843
Avg. Annual Appreciation
5.30%
Original Mortgage
$120,000
Outstanding Balance
$107,816
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$84,399

Purchase Details

Closed on
Aug 30, 2010

Purchase Details

Closed on
Jul 16, 2003

Purchase Details

Closed on
Feb 21, 2002

Purchase Details

Closed on
Aug 22, 1997

Purchase Details

Closed on
Sep 27, 1996

Purchase Details

Closed on
May 20, 1996
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
Demola Ricardo Loret $150,000 Cornerstone Title
-- -- --
-- $144,000 --
-- $134,500 --
-- $130,000 --
-- -- --
-- $110,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Demola Ricardo Loret $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2020 12/15/20 Sold $150,000 -4.8% $62 / Sq Ft
10/29/2020 10/29/20 Pending -- -- --
09/24/2020 09/24/20 For Sale $157,500 -- $65 / 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 $4,995 $59,464 $4,629 $54,835
2023 $4,802 $54,315 $4,228 $50,087
2022 $4,617 $51,523 $4,011 $47,512
2021 $4,464 $49,594 $3,861 $45,733
2020 $4,824 $54,758 $3,867 $50,891
2019 $4,734 $54,568 $3,854 $50,714
2018 $4,588 $54,306 $3,836 $50,470
2017 $4,493 $53,603 $3,786 $49,817
2016 $4,405 $52,821 $3,731 $49,090
2015 $4,362 $52,189 $3,686 $48,503
2014 $4,297 $51,852 $3,662 $48,190
2013 $4,201 $51,852 $3,662 $48,190
Source: Public Records

Agents Affiliated with this Home

  • ASHLEY COKER

    Seller's Agent in 2020

    ASHLEY COKER

    The Real Estate Group, Inc.

    (217) 622-7235

    10 in this area

    348 Total Sales

    ASHLEY COKER
    Section Image

  • E

    Buyer's Agent in 2020

    Emma Loret de Mola

    The Real Estate Group, Inc.

    (217) 381-9898

    2 in this area

    13 Total Sales

    Emma Loret de Mola
    Section Image
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Map

Source: RMLS Alliance

MLS Number: CA1002728

RMLS Alliance

APN: 14-33.0-302-016

Illinois Sangamon County Springfield 62704 Historic West Side

1123 W Fayette Ave, Springfield, IL

This home is located at 1123 W Fayette Ave, Springfield, IL 62704 since 24 September 2020 and is currently estimated at $206,843, approximately $84 per square foot. This property was built in 1950. 1123 W Fayette Ave is a home located in Sangamon County with nearby schools including Elizabeth Graham Elementary School, Benjamin Franklin 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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