NOT LISTED FOR SALE

1225 Monument Ave Springfield, IL 62702

Oak Ridge Neighborhood

Estimated Value: $86,000 - $110,000

Studio
-- Bath
1,924 Sq Ft
$52/Sq Ft Est. Value

Last Sold September 05, 2023

Last sale price $75,000 $39 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $700/month

15 Days on Market

Highlights

  • Level Lot
  • Heating System Uses Gas
  • 4-minute walk to Oak Ridge Cemetery

About This Home

As of September 2023

This one and a half story house sits on quiet, historic Monument Avenue just minutes from downtown, block from Oak Ridge Cemetery and located in the medical district. It can be converted into a 1.5 Story home with 3 baths, 2 kitchens, and 4 to 5 bedrooms. Or, in the alternative, a 2 rental property (perfect for med students - just minutes from the hospitals). Would be a great Airbnb, with Lincoln sites nearby. Each floor has its own kitchen and bath. Second floor has spacious rooms with hardwood flooring, large eat-in kitchen and small balcony off kitchen. Many newer vinyl windows throughout house. Whether coffee in the morning or winding down in the evening, you can enjoy the large covered front porch. Backyard offers plenty of room for entertaining, garden, children, pets etc. There is off-street parking and paved parking on side of house.

Last Agent to Sell the Property

Sarah Quattrin Coombe

Keller Williams Capital Brokerage Phone: 217-836-6733 License #475125086 Listed on: 06/26/2023

Keller Williams Capital

Last Buyer's Agent

Jerry George

The Real Estate Group, Inc. License #475159363

The Real Estate Group, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,981

Year Built

  • Built in 1910

Lot Details

  • Level Lot

Home Design

  • 1,924 Sq Ft Home
  • Shingle Roof
  • Vinyl Siding

Parking

  • 2 Parking Spaces
  • Parking Pad
  • On-Street Parking

Schools

  • Springfield District #186 High School

Utilities

  • Heating System Uses Gas
  • Window Unit Heating System
  • Electric Water Heater

Additional Features

  • Unfinished Basement

Listing and Financial Details

  • Assessor Parcel Number 14-21.0-481-021

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,981

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Residential Income
  • Year Built: 1910
  • New Construction: No
  • Structure Type: Other
  • Age55PlusDevelopment: No
  • Attribution Contact: Mobl: 217-836-6733
  • Special Features: None

Interior Features

  • Basement: Unfinished

Exterior Features

  • Lot Features: Level
  • Construction Type: Vinyl Siding
  • Roof: Shingle
  • 100YearPlain: No

Garage/Parking

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

Utilities

  • Heating: Electric, Gas, Electric Water Heater, Window Unit(s)
  • Water Source: Public Sewer, Public
  • GasExpense: 0
  • NumberOfRanges: 2
  • NumberofRefrigerators: 2
  • NumberOfWindowUnits: 4

Fee Information

  • AdvertisingExpense: 0

Schools

  • High School: Springfield District #186

Lot Info

  • Lot Size: 6933 sq. feet
  • Parcel #: 14-21.0-481-021

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 1980.82
  • TaxExemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2023
Closed on
Sep 1, 2023
Sold by
Meneghetti Leno
Bought by
Grigiski Morgan
Seller's Agent
Sarah Quattrin Coombe
Keller Williams Capital
Buyer's Agent
Jerry George
The Real Estate Group, Inc.
List Price
$85,000
Sold Price
$75,000
Premium/Discount to List
-$10,000
-11.76%
Views
203
Current Estimated Value
$100,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,667
Avg. Annual Appreciation
13.40%
Original Mortgage
$54,750
Interest Rate
6.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 12, 1994
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
Grigiski Morgan $75,000 None Listed On Document
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Grigiski Morgan $54,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/05/2023 09/05/23 Sold $75,000 -11.8% $39 / Sq Ft
06/26/2023 06/26/23 For Sale $85,000 -- $44 / 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 $2,143 $25,513 $3,552 $21,961
2023 $2,060 $23,303 $3,244 $20,059
2022 $1,981 $22,105 $3,077 $19,028
2021 $1,915 $21,278 $2,962 $18,316
2020 $1,877 $21,310 $2,966 $18,344
2019 $1,842 $21,236 $2,956 $18,280
2018 $2,483 $29,392 $2,941 $26,451
2017 $2,432 $29,012 $2,903 $26,109
2016 $2,384 $28,589 $2,861 $25,728
2015 $2,361 $28,247 $2,827 $25,420
2014 $2,326 $28,065 $2,809 $25,256
2013 $2,274 $28,065 $2,809 $25,256
Source: Public Records

Agents Affiliated with this Home

  • Sarah Quattrin Coombe

    Seller's Agent in 2023

    Sarah Quattrin Coombe

    Keller Williams Capital

    (217) 836-6733

    3 in this area

    217 Total Sales

    Sarah Quattrin Coombe
    Section Image
  • Jerry George

    Buyer's Agent in 2023

    Jerry George

    The Real Estate Group, Inc.

    (217) 638-1360

    27 in this area

    893 Total Sales

    Jerry George
    Section Image
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Map

Source: RMLS Alliance

MLS Number: CA1023128

RMLS Alliance

APN: 14-21.0-481-021

Illinois Sangamon County Springfield 62702 Oak Ridge

1225 Monument Ave, Springfield, IL

Not Listed for Sale

MultiFamily

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