NOT LISTED FOR SALE

126 N Hotze Rd Salem, IL 62881

Estimated Value: $252,464

-- Bed
-- Bath
-- Sq Ft
0.43 Acres

Last Sold July 20, 2022

Last sale price $260,000

Est. 3% decrease in value since last sale

Current estimated payment $1,586/month

38 Days on Market

About This Home

As of July 2022

Great business opportunity with visibility from I-57, located on the west side of Salem close to restaurants & lodging, zoned B-4. This brick building with 3600 sq. ft. is currently divided with 5 office spaces, 2 baths and a kitchenette on each side. Perfect for a medical or dental office. Furniture on north side negotiable with offer. Call today for your showing.

Last Agent to Sell the Property

April Williams

JEFF DUNAHEE REALTY License #475159143 Listed on: 05/17/2022

Last Buyer's Agent

KELSIE SMITH

Coldwell Banker Allen & Geary License #475192716

Coldwell Banker Allen & Geary

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $8,554

Year Built

  • Built in 1986

Lot Details

  • 0.43

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Property Details

Property Type

Other

Est. Annual Taxes

$8,554

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Office
  • Lvt Date: 05/17/2022
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpeted
  • Other Access: None
  • Total Building Sq Ft: 3600
  • Estimated Lot Sq Ft: 184,100

Exterior Features

  • Exterior Finish: Stucco, Brick
  • Frontage Access: Paved 2Lane, Interstate, City Street
  • Insulation: Unknown
  • Roof Construction: Asphalt/Fiberglass
  • Wall Construction: Frame

Garage/Parking

  • Numberparking Spaces Allocated: 16

Utilities

  • Electric Company: Tri County
  • Cooling: Central Air
  • Heating: Forced Air, Gas
  • Water Supply: City on Premises
  • Gas Company: City
  • Water Company: City

Association/Amenities

  • Amenities: Cable, Wireless Internet

Lot Info

  • Estimated Number of Acres: 0.43
  • Zoning: B-4
  • Estimated Land Size: 135x140
  • Geo Subdivision: IL
  • Property Use: Office Building

Rental Info

  • Sale Lease Includes: Building

Tax Info

  • Annual Taxes: 8553.82
  • Parcel Id Number Tax Id: 11-10-300-006
  • Tax Incentive: In City Limit, Enterprize Zone
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2022
Closed on
Jul 20, 2022
Sold by
Shivam Hotel Llc
Bought by
Nti Rentals Llc
Seller's Agent
April Williams
JEFF DUNAHEE REALTY
Buyer's Agent
KELSIE SMITH
Coldwell Banker Allen & Geary
List Price
$324,900
Sold Price
$260,000
Premium/Discount to List
-$64,900
-19.98%
Current Estimated Value
$252,464

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,536

Purchase Details

Closed on
Aug 22, 2008
Sold by
Woods Jack P and Woods Jack D
Bought by
Shivam Hotel Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$32,932
Interest Rate
6.66%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

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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
Nti Rentals Llc $260,000 Oakley Katharine C
Shivam Hotel Llc $107,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shivam Hotel Llc $32,932
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/20/2022 07/20/22 Sold $260,000 -20.0% --
06/24/2022 06/24/22 Pending -- -- --
05/17/2022 05/17/22 For Sale $324,900 -- --
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 $9,541 $129,480 $26,720 $102,760
2023 $9,230 $116,580 $20,540 $96,040
2022 $8,960 $105,980 $18,670 $87,310
2021 $8,786 $99,050 $17,450 $81,600
2020 $8,677 $98,280 $17,310 $80,970
2019 $8,554 $94,690 $16,680 $78,010
2018 $8,574 $94,690 $16,680 $78,010
2017 $8,493 $92,830 $16,350 $76,480
2016 $8,363 $87,570 $15,420 $72,150
2015 $80 $87,570 $15,420 $72,150
2012 $78 $85,850 $15,120 $70,730
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2022

    April Williams

    JEFF DUNAHEE REALTY

    Section Image

  • K

    Buyer's Agent in 2022

    KELSIE SMITH

    Coldwell Banker Allen & Geary

    (618) 214-8890

    3 in this area

    32 Total Sales

    KELSIE SMITH
    Section Image
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Map

Source: RMLS Alliance

MLS Number: EB444499

RMLS Alliance

APN: 1110300006

Illinois Marion County Salem 62881

126 N Hotze Rd, Salem, IL

This home is located at 126 N Hotze Rd, Salem, IL 62881 since 17 May 2022 and is currently priced at $252,464. This property was built in 1986. 126 N Hotze Rd is a home located in Marion County with nearby schools including Franklin Park Middle School, Hawthorn Elementary School, and Salem Community 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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