NOT LISTED FOR SALE

117 E Springfield St Virginia, IL 62691

Estimated Value: $49,763

-- Bed
-- Bath
3,544 Sq Ft
$14/Sq Ft Est. Value

Last Sold February 23, 2023

Last sale price $40,000 $11 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $310/month

52 Days on Market

Highlights

  • Forced Air Heating System
  • Virginia Elementary School Rated 9+
  • Level Lot

About This Home

As of February 2023

Great opportunity to own an investment property with good income potential. Upstairs unit has been nicely finished, and is currently rented. Downstairs unit needs to be finished, but once complete, this building should provide a good income stream with both units rented. There is a spacious storage area in the back which would provide additional possibilities once repaired. Great location on the Virginia square, close to all town amenities! This is your chance to create a passive income stream for retirement, or live in one unit and rent the other for extra income. Lots of potential with this property! Come see for yourself!

Last Agent to Sell the Property

Ken Lowery

IN BETWEEN OFFICES License #475122753 Listed on: 12/07/2022

Last Buyer's Agent

PAUL SMAY

Keller Williams Capital License #475106940

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $551

Year Built

  • Built in 1886

Lot Details

  • Lot Dimensions are 20' x 120'
  • Level Lot

Home Design

  • 3,544 Sq Ft Home
  • Brick Exterior Construction
  • Rubber Roof

Parking

  • 2 Parking Spaces
  • On-Street Parking

Schools

  • Virginia Elementary School
  • Virginia Cusd Middle School
  • Virginia High School

Utilities

  • Forced Air Heating System

Additional Features

  • Unfinished Basement

Listing and Financial Details

  • Assessor Parcel Number 11-038-012-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$551

Year Built

Built in 1886

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Residential Income
  • Year Built: 1886
  • New Construction: No
  • Structure Type: Apartment Building
  • Age55PlusDevelopment: No
  • Special Features: None

Interior Features

  • Basement: Unfinished

Exterior Features

  • Lot Features: Level
  • Construction Type: Brick
  • Roof: Rubber
  • 100YearPlain: No

Garage/Parking

  • Parking Features: On Street
  • Total Parking Spaces: 2

Utilities

  • Heating: Forced Air, Central
  • Water Source: Public Sewer, Public
  • GasExpense: 100

Fee Information

  • AdvertisingExpense: 0

Schools

  • Elementary School: Virginia
  • High School: Virginia
  • Middle Or Junior School: Virginia CUSD

Lot Info

  • Lot Size: 20' X 120'
  • Parcel #: 11-038-012-00

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 550.78
  • TaxExemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 7, 2022
Closed on
Feb 23, 2023
Bought by
Smedly Terri
Seller's Agent
Ken Lowery
IN BETWEEN OFFICES
Buyer's Agent
PAUL SMAY
Keller Williams Capital
List Price
$47,900
Sold Price
$40,000
Premium/Discount to List
-$7,900
-16.49%
Views
185
Current Estimated Value
$49,763

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,763
Avg. Annual Appreciation
8.27%

Purchase Details

Closed on
Aug 20, 2014
Bought by
Bateman William L
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
Smedly Terri $40,000 --
Bateman William L $16,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/23/2023 02/23/23 Sold $40,000 -16.5% $11 / Sq Ft
01/29/2023 01/29/23 For Sale $47,900 0.0% $14 / Sq Ft
01/28/2023 01/28/23 Pending -- -- --
01/14/2023 01/14/23 Price Changed $47,900 -2.2% $14 / Sq Ft
12/07/2022 12/07/22 For Sale $49,000 -- $14 / 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 $581 $6,255 $1,490 $4,765
2023 $581 $5,770 $1,375 $4,395
2022 $557 $5,640 $1,345 $4,295
2021 $551 $5,425 $1,295 $4,130
2020 $574 $5,490 $1,310 $4,180
2019 $562 $5,240 $1,250 $3,990
2018 $563 $5,190 $1,240 $3,950
2017 $563 $5,140 $1,230 $3,910
2016 $549 $5,140 $1,230 $3,910
2015 $542 $5,050 $1,210 $3,840
2013 $540 $5,050 $1,210 $3,840
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2023

    Ken Lowery

    IN BETWEEN OFFICES

    Section Image
  • PAUL SMAY

    Buyer's Agent in 2023

    PAUL SMAY

    Keller Williams Capital

    (217) 414-7285

    15 Total Sales

    PAUL SMAY
    Section Image
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Map

Source: RMLS Alliance

MLS Number: CA1019533

RMLS Alliance

APN: 11-038-012-00

Illinois Cass County Virginia 62691

117 E Springfield St, Virginia, IL

Not Listed for Sale

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