NOT LISTED FOR SALE

11810 E 550th Ave Mason, IL 62443

Estimated Value: $301,395

12 Beds
5 Baths
5,023 Sq Ft
$60/Sq Ft Est. Value

Last Sold January 28, 2019

Last sale price $190,000 $38 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $1,886/month

52 Days on Market

Highlights

  • Window Unit Cooling System
  • Zoned Heating
  • Attic Fan
  • Shed

About This Home

As of January 2019

Great investor opportunity! Just off of Interstate 57, this five unit building is located just a ten minute drive from Effingham. The current owner has not had ANY trouble keeping the units filled. The longest tenants have been there 8 years. Current rent prices have the potential to be raised. There are nine concrete parking spots on the property. Each unit has a refrigerator, stove, and washer/dryer hookups. Although there is not central air, the units are equipped with both window and standing AC alternatives. Each unit has had laminate flooring laid on the main floor. New in 2018: metal roof, trees trimmed, landscaping, and sewer pipe!

Last Agent to Sell the Property

Brian Henning

Full Circle Realty License #471019637 Listed on: 10/25/2018

Last Buyer's Agent

Brian Henning

Full Circle Realty License #471019637 Listed on: 10/25/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,898

Lot Details

  • 0.83 Acre Lot
  • Lot Dimensions are 168 x 225.4

Home Design

  • Slab Foundation
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 5,023 Sq Ft Home
  • 2-Story Property
  • Attic Fan

Kitchen

  • Oven
  • Range

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 5 Full Bathrooms

Outdoor Features

  • Shed

Utilities

  • Window Unit Cooling System
  • Zoned Heating
  • Electric Water Heater
  • Septic Tank

Community Details

  • 5 Units
  • Operating Expense $5,130

Listing and Financial Details

  • The owner pays for trash collection
  • Assessor Parcel Number 0705001018

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,898

Lot Details

0

Listing Details

  • Directions: From Effingham, head South on I-57. Take Exit 151 towards Watson/Mason. Turn left onto N State Highway 37 towards Watson. Turn left onto 550th Ave. Building is on the right.
  • Lot Size Acres: 0.83
  • Lot Size: 168 x 225.4
  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Road Surface Type: Concrete
  • Building Stories: 2
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Property Sub Type Additional: Multi Family
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Electric Water Heater, Oven, Range, Refrigerator
  • Basement YN: No
  • Full Bathrooms: 5
  • Total Bedrooms: 12
  • Interior Amenities: Pantry
  • Owner Pays: Trash Collection
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Other, Vinyl Siding
  • Exterior Features: Shed
  • Roof: Metal
  • Waterfront: No
  • Foundation Details: Slab
  • Other Structures: Shed(s)

Utilities

  • Cooling: Window Unit(s), Attic Fan
  • Heating: Electric, Zoned
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Septic Tank

Schools

  • Junior High Dist: Effingham Dist. 40

Lot Info

  • Lot Size Sq Ft: 36310.0
  • Parcel #: 0705001018
  • Zoning: RES
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 5
  • Annual Operating Expense: 5130.0

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 2898.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 25, 2018
Closed on
Jan 28, 2019
Sold by
Woodland Sharon K and Woodland Leon L
Bought by
Jansen Bradley N and Jansen Jordan E
Seller's Agent
Brian Henning
Full Circle Realty
Buyer's Agent
Brian Henning
Full Circle Realty
List Price
$225,000
Sold Price
$190,000
Premium/Discount to List
-$35,000
-15.56%
Current Estimated Value
$301,395

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$111,395
Avg. Annual Appreciation
6.89%
Original Mortgage
$95,000
Interest Rate
5.19%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Jansen Bradley N $190,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Jansen Bradley N $95,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/28/2019 01/28/19 Sold $190,000 -15.6% $38 / Sq Ft
12/17/2018 12/17/18 Pending -- -- --
10/25/2018 10/25/18 For Sale $225,000 -- $45 / Sq Ft
Source: Central Illinois Board of REALTORS®

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 $3,679 $59,580 $2,640 $56,940
2023 $3,409 $54,660 $2,420 $52,240
2022 $2,951 $49,240 $2,180 $47,060
2021 $3,167 $49,240 $2,180 $47,060
2020 $3,171 $48,950 $2,170 $46,780
2019 $3,039 $47,070 $2,090 $44,980
2018 $2,951 $45,260 $2,010 $43,250
2017 $2,898 $43,730 $1,940 $41,790
2016 $4,058 $61,030 $1,900 $59,130
2015 -- $57,570 $1,790 $55,780
2014 -- $56,440 $1,750 $54,690
2013 -- $56,440 $1,750 $54,690
2012 -- $56,440 $1,750 $54,690
Source: Public Records

Agents Affiliated with this Home

  • Brian Henning

    Seller's Agent in 2019

    Brian Henning

    Full Circle Realty

    (217) 821-3338

    255 Total Sales

    Brian Henning
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Map

Source: Central Illinois Board of REALTORS®

MLS Number: 6184626

APN: 0705001018

Illinois Effingham County Mason 62443

11810 E 550th Ave, Mason, IL

Not Listed for Sale

MultiFamily

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