NOT LISTED FOR SALE

1402 N 2nd St Edwardsville, IL 62025

Estimated Value: $183,000 - $304,000

-- Bed
2 Baths
1,960 Sq Ft
$115/Sq Ft Est. Value

Last Sold August 21, 2020

Last sale price $105,000 $54 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $1,569/month

Highlights

  • Storage Room
  • Woodland Elementary School Rated A-
  • Forced Air Heating and Cooling System

About This Home

As of August 2020

List/Sold same day. Multifamily investment property with great potential in downtown Edwardsville. Main floor unit has two bedrooms, 1 bath, living room, dining room, full kitchen with dishwasher (replaced in 2018), gas stove, and rents for $725. Currently leased thru April. Upstairs unit is 2 bedrooms, 1 bath, with kitchen and living room and rents for $495 per month and is month to month rental. Each unit pays for their separate utilities. Full unfinished lower level with washer and dryer for each unit and storage space. Detached garage/shed for additional storage. Property is being sold AS IS and seller to make no repairs prior to closing. 24 Hour Notice is required for all showings.

Last Agent to Sell the Property

Betsy Butler

RE/MAX Alliance License #475122514 Listed on: 08/21/2020

RE/MAX Alliance

Last Buyer's Agent

Betsy Butler

RE/MAX Alliance License #475122514 Listed on: 08/21/2020

RE/MAX Alliance

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,580

Year Built

  • Built in 1925

Lot Details

  • 5,410 Sq Ft Lot
  • Lot Dimensions are 52 x 104

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • 1,960 Sq Ft Home
  • Storage Room
  • Laundry in unit
  • Basement

Parking

  • On-Street Parking
  • Off-Street Parking
  • Unassigned Parking

Schools

  • Edwardsville Dist 7 Elementary And Middle School
  • Edwardsville High School

Utilities

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

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 14-2-15-02-17-304-009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,580

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Multi-Family 2-4
  • Special Description: No Exemptions
  • Age: 95
  • Ownership: Private
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Misc Features: Basement, Laundry Facl-Private, Storage Room Avail
  • Square Footage: 1960

Exterior Features

  • Construction: Vinyl Siding

Garage/Parking

  • Parking: Off Street, On Street Parking, Unassigned

Utilities

  • Sewer: Public
  • Water: Public
  • Water Heater: Gas
  • Cooling: Central-Electric
  • Heating: Forced Air

Schools

  • School District: Edwardsville DIST 7
  • Elementary School: EDWARDSVILLE DIST 7
  • Middle School: EDWARDSVILLE DIST 7
  • High School: Edwardsville
  • Elementary School: EDWARDSVILLE DIST 7
  • Junior High School: EDWARDSVILLE DIST 7
  • School District: Edwardsville DIST 7
  • Senior High School: Edwardsville

Lot Info

  • Lot Dimensions: 52 X 104
  • Lot Sq Ft: 5410
  • Acres: 0.1242

Rental Info

  • Tenancy Type: Leases, Month To Month
  • Tenant Pays: All Utilities

Multi Family

  • Units: 2
  • Type Of Units: 2-Family

Tax Info

  • Prop Asses Cty Tx: Yes
  • Taxes Paid: 3682
  • Assessor Parcel Number: 14-2-15-02-17-304-009

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 21, 2020
Closed on
Aug 21, 2020
Sold by
Sponeman Arno V and Sponeman Samantha M
Bought by
Gates Poettker Colette and Poettker Craig
Seller's Agent
Betsy Butler
RE/MAX Alliance
Buyer's Agent
Betsy Butler
RE/MAX Alliance
List Price
$105,000
Sold Price
$105,000
Current Estimated Value
$226,299

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$121,299
Avg. Annual Appreciation
16.01%
Original Mortgage
$78,750
Outstanding Balance
$69,727
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$156,572
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
Gates Poettker Colette $105,000 Abstracts & Titles
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gates Poettker Colette $78,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/21/2020 08/21/20 Sold $105,000 0.0% $54 / Sq Ft
08/21/2020 08/21/20 Pending -- -- --
08/21/2020 08/21/20 For Sale $105,000 -- $54 / Sq Ft
Source: MARIS MLS

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 $4,580 $64,150 $6,550 $57,600
2023 $4,580 $59,530 $6,080 $53,450
2022 $4,312 $55,030 $5,620 $49,410
2021 $3,883 $52,230 $5,330 $46,900
2020 $3,766 $50,620 $5,170 $45,450
2019 $3,742 $49,770 $5,080 $44,690
2018 $3,682 $47,530 $4,850 $42,680
2017 $3,589 $46,530 $4,750 $41,780
2016 $3,249 $46,530 $4,750 $41,780
2015 $3,125 $43,130 $4,400 $38,730
2014 $3,125 $43,130 $4,400 $38,730
2013 $3,125 $43,130 $4,400 $38,730
Source: Public Records

Agents Affiliated with this Home

  • Betsy Butler

    Seller's Agent in 2020

    Betsy Butler

    RE/MAX

    (618) 972-2225

    91 in this area

    218 Total Sales

    Betsy Butler
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Map

Source: MARIS MLS

MLS Number: MIS20057680

MARIS MLS

APN: 14-2-15-02-17-304-009

Illinois Madison County Edwardsville 62025

1402 N 2nd St, Edwardsville, IL

This home is located at 1402 N 2nd St, Edwardsville, IL 62025 since 21 August 2020 and is currently estimated at $226,299, approximately $115 per square foot. This property was built in 1925. 1402 N 2nd St is a home located in Madison County with nearby schools including N.O. Nelson Elementary School, Woodland Elementary School, and Lincoln Middle School.

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