NOT LISTED FOR SALE

1816 E Watch Ave Springfield, IL 62702

Estimated Value: $114,000 - $156,000

-- Bed
-- Bath
1,800 Sq Ft
$71/Sq Ft Est. Value

Last Sold May 19, 2023

Last sale price $90,000 $50 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $906/month

29 Days on Market

Highlights

  • 4 Car Detached Garage
  • Forced Air Heating System
  • Level Lot

About This Home

As of May 2023

This duplex offers two separate units, each with one bedroom and one bathroom. Both units are fully rented to section 8 tenants, with a gross rent of $1,349.The owner is responsible for garbage and mowing, while all utilities are separated and paid for by the tenants. Each unit also includes a full unfinished basement with separate washer and dryer hookups. Recent updates within the last year include new flooring, fresh paint, new appliances, and new windows, making this property a great investment opportunity!

Last Agent to Sell the Property

Jerry George

The Real Estate Group, Inc. License #475159363 Listed on: 03/22/2023

The Real Estate Group, Inc.

Last Buyer's Agent

lisa metzger

The Real Estate Group, Inc. License #475096648

The Real Estate Group, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,483

Lot Details

  • Lot Dimensions are 145x40
  • Level Lot

Parking

  • 4 Car Detached Garage

Home Design

  • Block Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,800 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Schools

  • Lanphier High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • Trash Expense $24

Listing and Financial Details

  • Assessor Parcel Number 14-23.0-332-005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,483

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Residential Income
  • New Construction: No
  • Structure Type: One Story
  • Age55PlusDevelopment: No
  • Special Features: None

Interior Features

  • Basement: Full, Unfinished

Exterior Features

  • Lot Features: Level
  • Construction Type: Vinyl Siding
  • Foundation Details: Block
  • Roof: Shingle
  • 100YearPlain: No

Garage/Parking

  • Parking Features: Detached
  • Total Parking Spaces: 4

Utilities

  • Heating: Forced Air, Gas, Central Air
  • Water Source: Public Sewer, Public
  • GasExpense: 0
  • NumberOfRanges: 2
  • NumberofRefrigerators: 2
  • NumberOfWashers: 2
  • NumberOfDryers: 2
  • NumberOfDishwashers: 0
  • NumberOfWindowUnits: 0

Condo/Co-op/Association

  • LawnSnowRemoval: 420

Fee Information

  • Trash Expense: 24
  • AdvertisingExpense: 0

Schools

  • High School: Lanphier High School

Lot Info

  • Lot Size: 145x40
  • Parcel #: 14-23.0-332-005

Rental Info

  • Lease Term: Month To Month

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 1482.54
  • TaxExemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2023
Closed on
May 24, 2023
Sold by
Acm Property Group Llc
Bought by
Duval Alan-Michael
Seller's Agent
Jerry George
The Real Estate Group, Inc.
Buyer's Agent
lisa metzger
The Real Estate Group, Inc.
List Price
$105,000
Sold Price
$90,000
Premium/Discount to List
-$15,000
-14.29%
Views
65
Current Estimated Value
$127,244

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,244
Avg. Annual Appreciation
14.19%
Original Mortgage
$67,500
Outstanding Balance
$65,694
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$61,550

Purchase Details

Closed on
Jun 15, 2021
Sold by
R & L Holdings 1 Inc
Bought by
Acm Property Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,252
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 11, 2021
Sold by
R & L Holdings 1 Inc
Bought by
Acm Property Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,252
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 19, 2020
Sold by
Aaron Dean Properties Llc
Bought by
R & L Holdings 1 Inc

Purchase Details

Closed on
Oct 16, 2014

Purchase Details

Closed on
Sep 30, 2013

Purchase Details

Closed on
Nov 18, 2009

Purchase Details

Closed on
Jun 25, 2004

Purchase Details

Closed on
Dec 19, 2003
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
Duval Alan-Michael $90,000 None Listed On Document
Acm Property Group Llc $62,500 Prairie Land Title
Acm Property Group Llc $62,500 Prairie Land Title
R & L Holdings 1 Inc $190,000 Illinois Real Estate Title
-- $262,400 --
-- -- --
-- -- --
-- $66,000 --
-- $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Duval Alan-Michael $67,500
Previous Owner Acm Property Group Llc $44,252
Previous Owner Acm Property Group Llc $44,252
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/19/2023 05/19/23 Sold $90,000 -14.3% $50 / Sq Ft
04/20/2023 04/20/23 Pending -- -- --
03/22/2023 03/22/23 For Sale $105,000 -- $58 / 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 $2,873 $34,210 $2,704 $31,506
2023 $2,763 $31,248 $2,470 $28,778
2022 $1,533 $17,112 $2,344 $14,768
2021 $1,483 $16,471 $2,256 $14,215
2020 $1,453 $16,495 $2,259 $14,236
2019 $1,426 $16,437 $2,251 $14,186
2018 $1,456 $17,227 $2,240 $14,987
2017 $1,425 $17,004 $2,211 $14,793
2016 $1,397 $16,756 $2,179 $14,577
2015 $1,384 $16,556 $2,153 $14,403
2014 $1,363 $16,449 $2,139 $14,310
2013 $1,333 $16,449 $2,139 $14,310
Source: Public Records

Agents Affiliated with this Home

  • Jerry George

    Seller's Agent in 2023

    Jerry George

    The Real Estate Group, Inc.

    (217) 638-1360

    884 Total Sales

    Jerry George
    Section Image

  • l

    Buyer's Agent in 2023

    lisa metzger

    The Real Estate Group, Inc.

    (217) 899-7131

    22 Total Sales

    lisa metzger
    Section Image
See All Agents

Map

Source: RMLS Alliance

MLS Number: CA1021121

RMLS Alliance

APN: 14-23.0-332-005

Illinois Sangamon County Springfield 62702

1816 E Watch Ave, Springfield, IL

Not Listed for Sale

MultiFamily

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