NOT LISTED FOR SALE

1407 Charleston Ave Mattoon, IL 61938

Estimated Value: $64,000 - $412,000

12 Beds
11 Baths
10,080 Sq Ft
$28/Sq Ft Est. Value

Last Sold March 27, 2019

Last sale price $317,350 $31 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $1,884/month

774 Days on Market

Highlights

  • Cooling System Mounted In Outer Wall Opening
  • Zoned Heating
  • 5-minute walk to Friendship Park

About This Home

As of March 2019

Here is your opportunity to own prime real estate in Mattoon; with one of the highest traffic areas in town (13400 daily traffic count). This apartment complex has strong rental history and a great central location. Located close to CVS, My Store and all that downtown has to offer. 11 spacious units total; 10 one bedroom units and 1 two bedroom unit (could be converted back to a 1 bedroom for added income). Owner pays trash, water, lawn and snow removal. A laundromat is on site and is located on the first floor. Each unit is metered separately for electric and has zoned ceiling heat. Each unit also has its own water heater and cedar closet. Apartment also has an elevator for added convenience. Laundromat brings in $1500/year.

Last Agent to Sell the Property

kristin becker

Sanders & Company License #475141945 Listed on: 02/09/2017

Last Buyer's Agent

Cory Sanders

Sanders & Company License #471003576

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,358

Year Built

  • Built in 1963

Lot Details

  • 7,840 Sq Ft Lot
  • Lot Dimensions are 56x140

Home Design

  • Brick Exterior Construction
  • Shingle Roof
  • Block And Beam Construction

Interior Spaces

  • 10,080 Sq Ft Home
  • 3-Story Property
  • Partial Basement
  • Range

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 11 Full Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Zoned Heating
  • Electric Water Heater

Community Details

  • 11 Units

Listing and Financial Details

  • The owner pays for grounds care, snow removal, trash collection, water
  • Assessor Parcel Number 07-1-04363-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,358

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Directions: On 14th and Charleston Avenue in Mattoon Illinois. Head west into Mattoon on route 16 from interstate 57. Route 16 is also Charleston Avenue; you will find the apartments on the south side of the road at 14th street.
  • Lot Size Acres: 0.18
  • Lot Size: 56x140
  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Road Surface Type: Concrete
  • Building Stories: 3
  • Year Built: 1963
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Three Or More
  • Property Sub Type Additional: Multi Family
  • Special Features: None
  • Stories: 3

Interior Features

  • Appliances: Electric Water Heater, Range, Refrigerator
  • Has Basement: Partial
  • Basement YN: Yes
  • Full Bathrooms: 11
  • Total Bedrooms: 12
  • Owner Pays: Grounds Care, Snow Removal, Trash Collection, Water
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Brick, Block
  • Roof: Shingle
  • Waterfront: No
  • Foundation Details: Basement

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Electric, Zoned
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer

Schools

  • Junior High Dist: Mattoon Dist. 2

Lot Info

  • Lot Size Sq Ft: 7840.0
  • Parcel #: 07-1-04363-000
  • Zoning: COM
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 11

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 7357.62

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2017
Closed on
Mar 27, 2019
Sold by
First National Bank
Bought by
Prosper Real Estate Investments Llc Seri
Seller's Agent
kristin becker
Sanders & Company
Buyer's Agent
Cory Sanders
Sanders & Company
List Price
$350,000
Sold Price
$317,350
Premium/Discount to List
-$32,650
-9.33%
Current Estimated Value
$286,779

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$30,571
Avg. Annual Appreciation
-0.95%
Original Mortgage
$444,000
Outstanding Balance
$401,980
Interest Rate
5.5%
Mortgage Type
New Conventional
Estimated Equity
-$102,891
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
Prosper Real Estate Investments Llc Seri $313,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Prosper Real Estate Investment $50,000
Closed Prosper Real Estate Investments Llc Seri $50,000
Open Prosper Real Estate Investments Llc Seri $444,000
Previous Owner First National Bank $577,617
Previous Owner The First National Bank Of Mulberry Grov $320,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/27/2019 03/27/19 Sold $317,350 -9.3% $31 / Sq Ft
03/26/2019 03/26/19 Pending -- -- --
02/09/2017 02/09/17 For Sale $350,000 -- $35 / 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 $10,146 $128,546 $32,398 $96,148
2023 $10,146 $114,773 $28,927 $85,846
2022 $9,869 $112,877 $28,449 $84,428
2021 $9,898 $103,680 $26,131 $77,549
2020 $9,791 $107,423 $27,074 $80,349
2019 $9,639 $103,680 $26,131 $77,549
2018 $9,469 $103,680 $26,131 $77,549
2017 $9,438 $103,680 $26,131 $77,549
2016 $9,240 $103,680 $26,131 $77,549
2015 $6,694 $76,013 $18,483 $57,530
2014 $6,694 $76,013 $18,483 $57,530
2013 $6,694 $76,013 $18,483 $57,530
Source: Public Records

Agents Affiliated with this Home

  • k

    Seller's Agent in 2019

    kristin becker

    Sanders & Company

    (217) 235-4848

    20 Total Sales

    kristin becker
    Section Image

  • C

    Buyer's Agent in 2019

    Cory Sanders

    Sanders & Company

    (217) 235-4848

    161 Total Sales

    Cory Sanders
    Section Image
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Map

Source: Central Illinois Board of REALTORS®

MLS Number: 6170516

APN: 07-1-04363-000

Illinois Coles County Mattoon 61938

1407 Charleston Ave, Mattoon, IL

This home is located at 1407 Charleston Ave, Mattoon, IL 61938 since 09 February 2017 and is currently estimated at $286,779, approximately $28 per square foot. This property was built in 1963. 1407 Charleston Ave is a home located in Coles County with nearby schools including Mattoon High School, St Mary School, and St. John's Lutheran 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.

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