NOT LISTED FOR SALE

1403 N 3rd St Springfield, IL 62702

Estimated Value: $80,000 - $124,000

-- Bed
-- Bath
2,232 Sq Ft
$45/Sq Ft Est. Value

Last Sold August 31, 2023

Last sale price $47,500 $21 Per Sq Ft

Est. 113% increase in value since last sale

Current estimated payment $679/month

11 Days on Market

Highlights

  • Forced Air Heating System
  • Level Lot
  • 4-minute walk to Oak Ridge Cemetery

About This Home

As of August 2023

Up & Down Duplex with potential to house two tenants/families. All brick with separate entrance potential to second story. Inside has been gutted to start the process of updating & generating income.

Last Agent to Sell the Property

Kyle Killebrew

The Real Estate Group, Inc. Brokerage Phone: 217-741-4040 License #475109198 Listed on: 07/14/2023

The Real Estate Group, Inc.

Last Buyer's Agent

Kyle Killebrew

The Real Estate Group, Inc. Brokerage Phone: 217-741-4040 License #475109198 Listed on: 07/14/2023

The Real Estate Group, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • Lot Dimensions are 135 x 60
  • Level Lot

Parking

  • 2 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Shingle Roof

Interior Spaces

  • 2,232 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Schools

  • Springfield District #186 High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 14-22.0-301-032

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Residential Income
  • Year Built: 1950
  • New Construction: No
  • Structure Type: Duplex
  • PricePerSqFt: 21.28
  • Age55PlusDevelopment: No
  • Attribution Contact: Mobl: 217-741-4040
  • Special Features: None

Interior Features

  • Basement: Full, Unfinished

Exterior Features

  • Lot Features: Level
  • Construction Type: Brick
  • Foundation Details: Block
  • Roof: Shingle
  • 100YearPlain: Unknown

Garage/Parking

  • Parking Features: Other
  • Total Parking Spaces: 2

Utilities

  • Heating: Forced Air, Gas
  • Water Source: Public Sewer, Public
  • GasExpense: 0
  • NumberOfWaterHeaters: 0
  • NumberOfHeatingUnits: 0
  • NumberOfCentralAirUnits: 0
  • NumberOfGasMeters: 1
  • NumberOfElectricMeters: 1
  • NumberofWaterMeters: 1

Fee Information

  • AdvertisingExpense: 0

Schools

  • High School: Springfield District #186

Lot Info

  • Lot Size: 135 x 60
  • Parcel #: 14-22.0-301-032

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 3145
  • TaxExemptions: None

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2023
Closed on
Sep 8, 2023
Sold by
Blount Jerry W
Bought by
Fernstaedt Phillip W
Seller's Agent
Kyle Killebrew
The Real Estate Group, Inc.
Buyer's Agent
Kyle Killebrew
The Real Estate Group, Inc.
List Price
$52,500
Sold Price
$47,500
Premium/Discount to List
-$5,000
-9.52%
Views
33
Current Estimated Value
$101,331

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,831
Avg. Annual Appreciation
42.25%
Original Mortgage
$104,550
Interest Rate
6.81%
Mortgage Type
Credit Line Revolving
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
Fernstaedt Phillip W $47,500 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Fernstaedt Phillip W $104,550
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2023 08/31/23 Sold $47,500 -9.5% $21 / Sq Ft
07/25/2023 07/25/23 Pending -- -- --
07/24/2023 07/24/23 For Sale $52,500 0.0% $24 / Sq Ft
07/21/2023 07/21/23 Pending -- -- --
07/14/2023 07/14/23 For Sale $52,500 -- $24 / 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 $1,732 $20,620 $4,847 $15,773
2023 $3,272 $37,005 $4,429 $32,576
2022 $3,145 $35,102 $4,201 $30,901
2021 $3,041 $33,788 $4,044 $29,744
2020 $2,981 $33,839 $4,050 $29,789
2019 $2,925 $33,721 $4,036 $29,685
2018 $2,835 $33,556 $4,016 $29,540
2017 $2,776 $33,122 $3,964 $29,158
2016 $2,722 $32,639 $3,906 $28,733
2015 $2,696 $32,248 $3,859 $28,389
2014 $2,655 $32,040 $3,834 $28,206
2013 $2,596 $32,040 $3,834 $28,206
Source: Public Records

Agents Affiliated with this Home

  • Kyle Killebrew

    Seller's Agent in 2023

    Kyle Killebrew

    The Real Estate Group, Inc.

    (217) 321-8146

    2,021 Total Sales

    Kyle Killebrew
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Map

Source: RMLS Alliance

MLS Number: CA1023429

RMLS Alliance

APN: 14-22.0-301-032

Illinois Sangamon County Springfield 62702

1403 N 3rd St, Springfield, IL

This home is located at 1403 N 3rd St, Springfield, IL 62702 since 14 July 2023 and is currently estimated at $101,331, approximately $45 per square foot. This property was built in 1950. 1403 N 3rd St is a home located in Sangamon County with nearby schools including McClernand Elementary School, U.S. Grant Middle School, and Lanphier 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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