NOT LISTED FOR SALE

1531 W Lawrence Ave Springfield, IL 62704

Oaks Neighborhood

Estimated Value: $107,880 - $136,000

2 Beds
2 Baths
1,500 Sq Ft
$85/Sq Ft Est. Value

Last Sold September 17, 2021

Last sale price $100,000 $67 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $959/month

6 Days on Market

About This Home

As of September 2021

All brick 2 story duplex conveniently located just a block from Pasfield Golf Course & a short walk to Washington Park. Each unit features 1 bedroom and 1 full bath. Both units are currently occupied.

Last Agent to Sell the Property

Kyle Killebrew

The Real Estate Group, Inc. License #475109198 Listed on: 07/27/2021

The Real Estate Group, Inc.

Last Buyer's Agent

Peter Steward

RE/MAX Professionals License #475123891

RE/MAX Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,541

Year Built

  • Built in 1957

Lot Details

  • 5,140

Home Design

  • Duplex

Basement

  • Block Basement Construction
  • Crawl Space

Schools

  • Springfield District #186 High School

Listing and Financial Details

  • Tenant pays for garbage collection, gas & electric

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,541

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: Duplex/Side by Side
  • Legal Description: WANLESS W LAWRENCE ADDN L 81
  • Lvt Date: 07/27/2021
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number of Ranges: 2
  • Number Refrigerators: 2
  • Basement: Crawl Space, Block
  • Price Per Sq Ft: 66.67
  • Total Sq Ft: 1500

Exterior Features

  • Exterior: Brick
  • Road Access: Paved
  • Roofing: Shingles

Garage/Parking

  • Garage Parking: Carport
  • Number Parking Spaces: 2

Utilities

  • Heating Cooling: Forced Air, Gas, Window Units
  • Water Sewer: Public Sewer, Public Water
  • Water Sewer Expenses: 540
  • Number Window Units: 3

Schools

  • High School: Springfield District #186
  • High School: Springfield District #186

Lot Info

  • Estimated Lot Size: 40 x 128.46
  • Lot Description: Level
  • Zoning: R-2
  • Geo Subdivision: IL
  • Flood Plain: Unknown

Rental Info

  • Tenant Pays: Garbage Collection, Gas & Electric
  • Gross Annual Rent Income: 12420

Tax Info

  • Annual Taxes: 2540.72
  • Parcel Id Number Tax Id: 14320260022
  • Tax Year: 2020

Multi Family

  • Total Number Units: 2
  • Gross Annual Income: 12420
  • Total Number Electric Meters: 2
  • Total Number Gas Meters: 2
  • Total Number Heating Units: 2
  • Total Number Water Heaters: 2
  • Total Number Water Meters: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2021
Closed on
Sep 21, 2021
Sold by
L & N Rentals Llc
Bought by
Johnson Keith D and Johnson Carrie E
Seller's Agent
Kyle Killebrew
The Real Estate Group, Inc.
Buyer's Agent
Peter Steward
RE/MAX Professionals
List Price
$104,500
Sold Price
$100,000
Premium/Discount to List
-$4,500
-4.31%
Total Days on Market
6
Current Estimated Value
$128,317

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,317
Avg. Annual Appreciation
6.70%
Original Mortgage
$75,000
Outstanding Balance
$69,455
Interest Rate
3.33%
Mortgage Type
New Conventional
Estimated Equity
$58,015

Purchase Details

Closed on
Oct 24, 2014

Purchase Details

Closed on
Aug 25, 2004
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
Johnson Keith D $100,000 Cornerstone Title
-- -- --
-- $78,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnson Keith D $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/17/2021 09/17/21 Sold $100,000 -4.3% $67 / Sq Ft
08/02/2021 08/02/21 Pending -- -- --
07/27/2021 07/27/21 For Sale $104,500 -- $70 / 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 $2,900 $34,531 $4,032 $30,499
2023 $2,789 $31,541 $3,683 $27,858
2022 $2,681 $29,920 $3,494 $26,426
2021 $2,592 $28,800 $3,363 $25,437
2020 $2,541 $28,843 $3,368 $25,475
2019 $2,494 $28,742 $3,356 $25,386
2018 $2,417 $28,602 $3,340 $25,262
2017 $2,367 $28,232 $3,297 $24,935
2016 $2,320 $27,820 $3,249 $24,571
2015 $2,298 $27,487 $3,210 $24,277
2014 $2,263 $27,309 $3,189 $24,120
2013 $2,213 $27,309 $3,189 $24,120
Source: Public Records

Agents Affiliated with this Home

  • Kyle Killebrew

    Seller's Agent in 2021

    Kyle Killebrew

    The Real Estate Group, Inc.

    (217) 321-8146

    29 in this area

    2,065 Total Sales

    Kyle Killebrew
    Section Image
  • Peter Steward

    Buyer's Agent in 2021

    Peter Steward

    RE/MAX Professionals

    (217) 652-1740

    5 in this area

    70 Total Sales

    Peter Steward
    Section Image
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Map

Source: RMLS Alliance

MLS Number: CA1008786

RMLS Alliance

APN: 14-32.0-260-022

Illinois Sangamon County Springfield 62704 Oaks

1531 W Lawrence Ave, Springfield, IL

This home is located at 1531 W Lawrence Ave, Springfield, IL 62704 since 27 July 2021 and is currently estimated at $127,470, approximately $84 per square foot. This property was built in 1957. 1531 W Lawrence Ave is a home located in Sangamon County with nearby schools including Dubois Elementary School, U.S. Grant Middle School, and Springfield 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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