NOT LISTED FOR SALE

201 College Ave Unit 203, 205, 207 Colleg Lincoln, IL 62656

Estimated Value: $241,000 - $267,000

8 Beds
-- Bath
3,692 Sq Ft
$68/Sq Ft Est. Value

Last Sold June 29, 2020

Last sale price $145,000 $39 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $1,840/month

2 Days on Market

About This Home

As of June 2020

A truly regal prominent mostly brick two story corner lot colonial style fourplex situated in the heart of historic Lincoln, Illinois just steps from the historic downtown district! Two main floor units -- two upper level units -- each unit consists of an open living/dining concept with a front facing bay window, equipped efficient kitchen, two bedrooms, and a full hall bath. Main floor units have separate front facing exterior entry points and attached garages. Upper level units are entered through a front facing access point which leads to a foyer/staircase -- each upper level also has a garage stall which is attached, but is accessed from exterior of structure only. 201 also features a great private side facing patio. Newer architectural roof on main structure. Current owner pays for sewer and garbage -- each tenant pays for gas/electric and water. At under $34,000 per unit, 201-203-205-207 College Avenue, Lincoln is without question a well constructed superb buy and is being sold a

Last Agent to Sell the Property

Seth Goodman

ME Realty License #475126097 Listed on: 05/27/2020

Last Buyer's Agent

Seth Goodman

ME Realty License #475126097 Listed on: 05/27/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,397

Year Built

  • Built in 1966

Lot Details

  • 0.28

Schools

  • Illini Central Elementary School
  • Lincoln High School

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,397

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: 2+ Story | Four-Plex | Other Style
  • Lvt Date: 05/28/2020
  • Year Built: 1966
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per Sq Ft: 39.27
  • Total Sq Ft: 3692

Exterior Features

  • Exterior: Aluminum Siding, Brick
  • Roofing: Shingles

Garage/Parking

  • Garage Parking: Attached

Utilities

  • Heating Cooling: Forced Air, Gas, Central Air
  • Water Sewer: Public Sewer, Public Water
  • Laundry Facilities: No Laundry Equipment

Schools

  • Elementary School: Illini Central
  • High School: Lincoln

Lot Info

  • Estimated Lot Size: 80X150
  • Lot Description: Corner
  • Zoning: Residential
  • Geo Subdivision: IL

Tax Info

  • Annual Taxes: 5397.18
  • Parcel Id Number Tax Id: 08-220-116-00
  • Tax Year: 2019

Multi Family

  • Total Number Units: 4

MLS Schools

  • Middle School: Lincoln

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 21, 2023
Sold by
Aper Property Management Lllp
Bought by
K & C Property Mgt Llc
Current Estimated Value
$250,152

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Outstanding Balance
$145,294
Interest Rate
6.33%
Mortgage Type
Commercial
Estimated Equity
$104,858

Purchase Details

Listed on
May 27, 2020
Closed on
Jun 29, 2020
Sold by
Schilling Joyce J
Bought by
Aber Property Mgmt Lllp
Seller's Agent
Seth Goodman
ME Realty
Buyer's Agent
Seth Goodman
ME Realty
List Price
$135,000
Sold Price
$145,000
Premium/Discount to List
$10,000
7.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.61%
Original Mortgage
$116,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 14, 2009
Sold by
Schilling Ronald L and Schilling Joyce J
Bought by
Schilling Ronald L and Schilling Joyce J
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
K & C Property Mgt Llc $205,000 Ptax
Aber Property Mgmt Lllp $145,000 None Available
Schilling Ronald L $158,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open K & C Property Mgt Llc $150,000
Previous Owner Aber Property Mgmt Lllp $116,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/29/2020 06/29/20 Sold $145,000 +7.4% $39 / Sq Ft
05/29/2020 05/29/20 Pending -- -- --
05/27/2020 05/27/20 For Sale $135,000 -- $37 / 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 $6,225 $67,900 $9,300 $58,600
2023 $5,946 $62,870 $8,610 $54,260
2022 $5,798 $58,760 $8,050 $50,710
2021 $5,585 $56,410 $7,730 $48,680
2020 $5,514 $55,580 $7,620 $47,960
2019 $5,397 $54,490 $7,470 $47,020
2018 $5,356 $53,420 $7,320 $46,100
2017 $5,324 $53,420 $7,320 $46,100
2016 $5,186 $53,360 $7,310 $46,050
2015 $5,071 $51,870 $7,460 $44,410
2014 $5,071 $51,870 $7,460 $44,410
2013 $5,071 $49,230 $7,080 $42,150
2012 $5,071 $50,120 $7,210 $42,910
Source: Public Records

Agents Affiliated with this Home

  • Seth Goodman

    Seller's Agent in 2020

    Seth Goodman

    ME Realty

    (217) 737-3742

    952 in this area

    1,881 Total Sales

    Seth Goodman
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Map

Source: RMLS Alliance

MLS Number: RMACA20200268

RMLS Alliance

APN: 08-220-116-00

Illinois Logan County Lincoln 62656

201 College Ave Unit 203, 205, 207 Colleg, Lincoln, IL

Not Listed for Sale

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