NOT LISTED FOR SALE

1509 S 1st St Springfield, IL 62704

Grand Central Neighborhood

Estimated Value: $94,000 - $123,000

3 Beds
3 Baths
1,728 Sq Ft
$65/Sq Ft Est. Value

Last Sold March 24, 2022

Last sale price $98,000 $57 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $833/month

1 Day on Market

About This Home

As of March 2022

This nicely maintained solid brick tri-plex features three one bedroom one bath units on a slab foundation. Units 1509 & 1501 have been updated with newer water heaters, furnaces, laminate & bamboo flooring. All units have newer windows except in bathrooms. Roof is approximately 10 years of age with newer gutters. Owner pays water & trash. Situated on an ultra low maintenance corner lot close to all downtown amenities, ideal for State workers. All three units are currently rented for instant cash flow.

Last Agent to Sell the Property

Crystal Germeraad

RE/MAX Professionals License #475161193 Listed on: 03/14/2022

RE/MAX Professionals

Last Buyer's Agent

Crystal Germeraad

RE/MAX Professionals License #475161193 Listed on: 03/14/2022

RE/MAX Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,820

Year Built

  • Built in 1961

Lot Details

  • 4,443

Home Design

  • Triplex
  • Slab Foundation

Schools

  • Springfield Southeast High School

Listing and Financial Details

  • Tenant pays for gas & electric

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,820

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: Triplex
  • Legal Description: see tax records
  • Lvt Date: 03/14/2022
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number of Ranges: 3
  • Number Refrigerators: 3
  • Basement: Slab
  • Price Per Sq Ft: 56.71
  • Total Sq Ft: 1728

Exterior Features

  • Exterior: Brick
  • Road Access: Curbs & Gutters, Paved
  • Roofing: Shingles

Garage/Parking

  • Garage Parking: On-Street Parking
  • Number Parking Spaces: 3

Utilities

  • Heating Cooling: Forced Air, Gas, Water Heater - Gas, Window Units
  • Water Sewer: Public Sewer, Public Water
  • Garbage Collection Exp: 344
  • Laundry Facilities: No Laundry Equipment
  • Number Window Units: 3

Schools

  • High School: Springfield Southeast

Lot Info

  • Estimated Lot Size: 112x40
  • Lot Description: Corner, Level
  • Geo Subdivision: IL

Rental Info

  • Tenant Pays: Gas & Electric
  • Gross Annual Rent Income: 14700
  • Lease Information: 1 Year

Tax Info

  • Annual Taxes: 1819.9
  • Parcel Id Number Tax Id: 22-04.0-211-012
  • Tax Year: 2020

Multi Family

  • Total Number Units: 3
  • Gross Annual Income: 14700
  • Total Number Central Air Units: 3
  • Total Number Electric Meters: 3
  • Total Number Gas Meters: 3
  • Total Number Heating Units: 3
  • Total Number Water Heaters: 3
  • Total Number Water Meters: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2022
Closed on
Mar 31, 2022
Sold by
Kuchar Investment Properties Inc
Bought by
Langheim Reese
Seller's Agent
Crystal Germeraad
RE/MAX Professionals
Buyer's Agent
Crystal Germeraad
RE/MAX Professionals
List Price
$97,500
Sold Price
$98,000
Premium/Discount to List
$500
0.51%
Current Estimated Value
$112,954

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,954
Avg. Annual Appreciation
3.84%

Purchase Details

Closed on
Mar 20, 2012

Purchase Details

Closed on
Dec 31, 2010

Purchase Details

Closed on
Nov 16, 2010

Purchase Details

Closed on
Oct 29, 2007

Purchase Details

Closed on
Sep 18, 1998
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

Date Buyer Sale Price Title Company
Langheim Reese $98,000 Barber Segatto Hoffee Wilke &
Langheim Reese $98,000 Barber Segatto Hoffee Wilke &
-- -- --
-- $56,000 --
-- -- --
-- $45,000 --
-- -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/24/2022 03/24/22 Sold $98,000 +0.5% $57 / Sq Ft
03/15/2022 03/15/22 Pending -- -- --
03/14/2022 03/14/22 For Sale $97,500 -- $56 / 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 $2,891 $34,421 $4,029 $30,392
2023 $2,780 $31,440 $3,680 $27,760
2022 $2,673 $29,824 $3,491 $26,333
2021 $1,857 $20,629 $3,360 $17,269
2020 $1,820 $20,660 $3,365 $17,295
2019 $1,786 $20,588 $3,353 $17,235
2018 $1,692 $20,024 $3,337 $16,687
2017 $1,657 $19,765 $3,294 $16,471
2016 $1,624 $19,477 $3,246 $16,231
2015 $1,609 $19,244 $3,207 $16,037
2014 $1,584 $19,119 $3,186 $15,933
2013 $1,549 $19,119 $3,186 $15,933
Source: Public Records

Agents Affiliated with this Home

  • Crystal Germeraad

    Seller's Agent in 2022

    Crystal Germeraad

    RE/MAX Professionals

    (217) 685-9575

    7 in this area

    293 Total Sales

    Crystal Germeraad
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Map

Source: RMLS Alliance

MLS Number: CA1012914

RMLS Alliance

APN: 22-04.0-211-012

Illinois Sangamon County Springfield 62704 Grand Central

1509 S 1st St, Springfield, IL

Not Listed for Sale

MultiFamily

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