NOT LISTED FOR SALE

1407 N Franklin Ave Springfield, IL 62702

Oak Ridge Neighborhood

Estimated Value: $68,000 - $116,814

0.27 Acre
$354,459 Price per Acre
11,761 Sq Ft Lot

Sale Details

Date Sold: August 11, 2025

Last sale price $6,800

Est. 1,307% increase in value since last sale

Current estimated payment $580 / mo

83 Days on Market

Highlights

  • 0.27 Acre Lot
  • No HOA
  • Level Lot

About This Lot

As of August 2025

Now just $7,500! This 75x160 (0.27 acre) lot in Springfield is cleared, level, and ready for your new home! Previously the site of a house and garage, the basement has been filled in, offering a clean slate for construction. No backyard neighbors and conveniently located just minutes from the Medical District, state offices, shopping, dining, and entertainment. A great opportunity to build in an established neighborhood at an unbeatable price!

Last Agent to Sell the Property

Todd Musso

The Real Estate Group, Inc. Brokerage Phone: 217-725-5458 License #471001796 Listed on: 04/29/2025

The Real Estate Group, Inc.

Last Buyer's Agent

Todd Musso

The Real Estate Group, Inc. Brokerage Phone: 217-725-5458 License #471001796 Listed on: 04/29/2025

The Real Estate Group, Inc.

Property Details

Property Type

  • Land

Lot Details

  • 11,761 Sq Ft Lot
  • Lot Dimensions are 75 x 160
  • Level Lot

Schools

  • Springfield District #186 High School

Utilities

  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 14-21.0-451-019

Property Details

Property Type

Land

Lot Details

0.27 Acres

Listing Details

  • Prop. Type: Land
  • Property Sub Type: Lots & Land
  • Property Attached Yn: No
  • Attribution Contact: Mobl: 217-725-5458
  • Special Features: None

Exterior Features

  • Lot Features: Level
  • Road Surface Type: Paved
  • 100YearPlain: No

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available
  • Water Source: Public Sewer, Public

Condo/Co-op/Association

  • MandatoryAssocMonthlyFeeYN: No
  • MandatoryAssocAnnualFeeYN: No

Schools

  • High School: Springfield District #186

Lot Info

  • Zoning: Residential
  • Lot Size Acres: 0.27
  • Lot Size: 75 x 160
  • Parcel #: 14-21.0-451-019

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 2179.34
  • TaxExemptions: None

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2025
Closed on
Aug 11, 2025
Sold by
Bought by
Seller's Agent
Todd Musso
The Real Estate Group, Inc.
Buyer's Agent
Todd Musso
The Real Estate Group, Inc.
List Price
$9,000
Sold Price
$6,800
Premium/Discount to List
-$2,200
-24.44%
Views
26
Current Estimated Value
$95,704

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,904
Avg. Annual Appreciation
1728.11%

Purchase Details

Listed on
Oct 2, 2024
Closed on
Oct 29, 2024
Sold by
Bought by
Seller's Agent
Todd Musso
The Real Estate Group, Inc.
Buyer's Agent
Todd Musso
The Real Estate Group, Inc.
List Price
$19,900
Sold Price
$15,000
Premium/Discount to List
-$4,900
-24.62%
Views
58

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-64.69%

Purchase Details

Closed on
Aug 26, 2024
Sold by
Bought by

Purchase Details

Closed on
Apr 28, 2011
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
$15,000 None Listed On Document
-- Premier Title
-- --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/11/2025 08/11/25 Sold $6,800 -9.3% --
07/21/2025 07/21/25 Pending -- -- --
06/12/2025 06/12/25 Price Changed $7,500 -16.7% --
04/29/2025 04/29/25 For Sale $9,000 -40.0% --
11/06/2024 11/06/24 Sold $15,000 -24.6% $8 / Sq Ft View Prior Sale
10/09/2024 10/09/24 Pending -- -- --
10/02/2024 10/02/24 For Sale $19,900 -- $11 / Sq Ft
Source: RMLS Alliance

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $802 $9,902 $6,129 $3,773
2024 $2,179 $31,946 $5,715 $26,231
2023 $2,049 $29,180 $5,220 $23,960
2022 $1,943 $27,680 $4,952 $22,728
2021 $2,002 $28,241 $4,768 $23,473
2020 $1,963 $28,283 $4,775 $23,508
2019 $1,925 $28,184 $4,758 $23,426
2018 $1,863 $28,047 $4,735 $23,312
2017 $1,818 $27,685 $4,674 $23,011
2016 $1,775 $27,281 $4,606 $22,675
2015 $1,752 $26,955 $4,551 $22,404
2014 $1,722 $26,781 $4,522 $22,259
2013 $1,684 $26,781 $4,522 $22,259
Source: Public Records

Agents Affiliated with this Home

  • Todd Musso

    Seller's Agent in 2025

    Todd Musso

    The Real Estate Group, Inc.

    (217) 725-5458

    7 in this area

    267 Total Sales

    Todd Musso
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Map

Source: RMLS Alliance

MLS Number: CA1036073

RMLS Alliance

APN: 14-21.0-451-019

Illinois Sangamon County Springfield 62702 Oak Ridge

1407 N Franklin Ave, Springfield, IL

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 All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.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.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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