NOT LISTED FOR SALE

1527 Reed Ave Unit 1 Springfield, IL 62704

Estimated Value: $108,000 - $131,000

3 Beds
1 Bath
997 Sq Ft
$123/Sq Ft Est. Value

Last Sold February 29, 2024

Last sale price $99,500 $100 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $830/month

16 Days on Market

Highlights

  • Ranch Style House
  • Formal Dining Room
  • Forced Air Heating System
  • No HOA
  • 2 Car Detached Garage
  • Level Lot

About This Home

As of February 2024

Check out this perfect starter home or investment property in Jerome! This gem is nestled on a quiet street and a double lot and proudly boasts 3 beds and 1 bath. The location is near many southside amenities with easy access to the interstate. Plenty of storage in the detached garage and unfinished basement. The backyard is perfect for a BBQ and bonfire!

Last Agent to Sell the Property

KATHY GARST

The Real Estate Group, Inc. Brokerage Phone: 217-306-6063 License #475121251 Listed on: 01/11/2024

The Real Estate Group, Inc.

Last Buyer's Agent

Clayton Yates

The Real Estate Group, Inc. License #475160796

The Real Estate Group, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,336

Lot Details

  • Lot Dimensions are 80x180
  • Level Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Ranch Style House
  • Brick Foundation
  • Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 997 Sq Ft Home
  • Formal Dining Room
  • Unfinished Basement
  • Partial Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Schools

  • Springfield District #186 High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 22-08.0-132-032

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,336

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • New Construction: No
  • PricePerSqFt: 99.8
  • Age55PlusDevelopment: No
  • Attribution Contact: Mobl: 217-306-6063
  • Special Features: None

Interior Features

  • Basement: Partial, Unfinished
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Living Area: 997
  • TotalBasementSqFt: 663
  • KitchenDining: Dining Formal

Exterior Features

  • Lot Features: Level
  • Construction Type: Frame, Aluminum Siding
  • Foundation Details: Brick
  • Roof: Shingle
  • 100YearPlain: No

Garage/Parking

  • Garage Yn: Yes
  • Garage Spaces: 2
  • Parking Features: Detached

Utilities

  • Heating: Gas, Forced Air, Central Air
  • Water Source: Public Sewer, Public

Condo/Co-op/Association

  • MandatoryMonthlyFee: No
  • MandatoryAnnualFee: No

Schools

  • High School: Springfield District #186

Lot Info

  • Lot Size: 80x180
  • Parcel #: 22-08.0-132-032

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 2336.42
  • TaxExemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2024
Closed on
Feb 29, 2024
Sold by
Jlp Properties Llc
Bought by
Hessler Josey
Seller's Agent
KATHY GARST
The Real Estate Group, Inc.
Buyer's Agent
Clayton Yates
The Real Estate Group, Inc.
List Price
$110,000
Sold Price
$99,500
Premium/Discount to List
-$10,500
-9.55%
Views
452
Current Estimated Value
$122,438

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,938
Avg. Annual Appreciation
5.51%
Original Mortgage
$74,625
Outstanding Balance
$73,576
Interest Rate
6.13%
Mortgage Type
New Conventional
Estimated Equity
$34,716

Purchase Details

Closed on
Dec 20, 2022
Sold by
Rehan Properties Llc
Bought by
Jlp Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,000
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 15, 2015
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
Hessler Josey $99,500 None Listed On Document
Jlp Properties Llc $61,600 --
-- $22,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hessler Josey $74,625
Previous Owner Jlp Properties Llc $61,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/29/2024 02/29/24 Sold $99,500 0.0% $100 / Sq Ft
01/27/2024 01/27/24 Pending -- -- --
01/26/2024 01/26/24 Price Changed $99,500 -9.5% $100 / Sq Ft
01/19/2024 01/19/24 For Sale $110,000 +10.6% $110 / Sq Ft
01/15/2024 01/15/24 Off Market $99,500 -- --
01/11/2024 01/11/24 For Sale $110,000 -- $110 / 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 $2,175 $31,615 $6,661 $24,954
2023 $2,435 $28,111 $6,168 $21,943
2022 $2,336 $26,603 $5,837 $20,766
2021 $2,255 $25,560 $5,608 $19,952
2020 $2,176 $25,282 $5,547 $19,735
2019 $2,099 $24,840 $5,450 $19,390
2018 $2,028 $24,734 $5,427 $19,307
2017 $1,979 $24,354 $5,344 $19,010
2016 $1,434 $23,725 $5,206 $18,519
2015 $387 $7,563 $5,088 $2,475
2014 $2,007 $7,500 $5,046 $2,454
2013 $1,977 $25,185 $5,100 $20,085
Source: Public Records

Agents Affiliated with this Home

  • KATHY GARST

    Seller's Agent in 2024

    KATHY GARST

    The Real Estate Group, Inc.

    (217) 306-6063

    819 Total Sales

    KATHY GARST
    Section Image
  • Clayton Yates

    Buyer's Agent in 2024

    Clayton Yates

    The Real Estate Group, Inc.

    (217) 371-1370

    461 Total Sales

    Clayton Yates
    Section Image
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Map

Source: RMLS Alliance

MLS Number: CA1026779

RMLS Alliance

APN: 22-08.0-132-032

Illinois Sangamon County Springfield 62704

1527 Reed Ave Unit 1, Springfield, IL

This home is located at 1527 Reed Ave Unit 1, Springfield, IL 62704 since 11 January 2024 and is currently estimated at $122,438, approximately $122 per square foot. 1527 Reed Ave Unit 1 is a home located in Sangamon County with nearby schools including Lindsay School, Benjamin Franklin Middle School, and Springfield Southeast 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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