NOT LISTED FOR SALE

201 W Main St Sparta, IL 62286

Estimated Value: $57,000 - $147,000

-- Bed
-- Bath
2,002 Sq Ft
$52/Sq Ft Est. Value

Last Sold August 30, 2018

Last sale price $60,000 $30 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $727/month

90 Days on Market

About This Home

As of August 2018

Large home converted to 2 unit rental. Spacious main level apartment features 2 bedrooms, large full bath, huge kitchen with appliances, laundry room, and living room with fireplace(decorative only). Upstairs you will find a one bedroom, one bath, washer and dryer that stays, and open floor plan. Everything in the building was rehabbed in 2000, including windows, HVAC, wiring, and basement re-bricked. A new roof was installed in 2017 and water heater in 2018. Unit 1 rents for 600 per month, and Unit 2 for 500.00.
So there is definitely income potential right away on this investment. Unit 1 is currently vacant, so you could live in this one which potentially qualifies you for an FHA loan. The rent from Unit 2 could make most of your payment. Check with your favorite lender for more details. Or the home could be converted back to a single family 4 bedroom home.

Last Agent to Sell the Property

Sharon Blackwell

Welcome Home Real Estate Llc License #471007914 Listed on: 05/29/2018

Last Buyer's Agent

Sharon Blackwell

Welcome Home Real Estate Llc License #471007914 Listed on: 05/29/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,101

Year Built

  • 1850

Lot Details

  • 7,841

Parking

  • Off-Street Parking

Home Design

  • 2,002 Sq Ft Home
  • Duplex
  • Aluminum Siding

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Electric Water Heater

Additional Features

  • Laundry in unit
  • Lot Dimensions are 55x200

Listing and Financial Details

  • Tenant pays for electric, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,101

Year Built

1850

Lot Details

0

Listing Details

  • Property Type: Multi-Family 2-4
  • Cross Street: St. Louis
  • Special Description: No Exemptions
  • Age: 168
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1850

Interior Features

  • Misc Features: Laundry Facl-Private
  • Square Footage: 2002

Exterior Features

  • Construction: Aluminum Siding

Garage/Parking

  • Parking: Off Street

Utilities

  • Sewer: Public
  • Water: Public
  • Water Heater: Electric
  • Cooling: Central-Electric
  • Heating: Forced Air

Schools

  • School District: SPARTA DIST 140
  • Elementary School: SPARTA DIST 140
  • Middle School: SPARTA DIST 140
  • High School: Sparta

Lot Info

  • Lot Dimensions: 55x200

Rental Info

  • Tenancy Type: 1 or More Vacant, Month To Month
  • Tenant Pays: Electric, Gas

Multi Family

  • Gross Operating Income: 1100.00
  • Units: 2
  • Total Expenses: 250.00
  • Type Of Units: 2-Family

Tax Info

  • Taxes Paid: 1058

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 29, 2018
Closed on
Aug 28, 2018
Sold by
Bolen Darin L
Bought by
Deterding James E
Seller's Agent
Sharon Blackwell
Welcome Home Real Estate Llc
Buyer's Agent
Sharon Blackwell
Welcome Home Real Estate Llc
List Price
$67,500
Sold Price
$60,000
Premium/Discount to List
-$7,500
-11.11%
Current Estimated Value
$104,168

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,168
Avg. Annual Appreciation
8.10%
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
Deterding James E $60,000 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2018 08/30/18 Sold $60,000 -11.1% $30 / Sq Ft
08/28/2018 08/28/18 Pending -- -- --
05/29/2018 05/29/18 For Sale $67,500 -- $34 / Sq Ft
Source: MARIS MLS

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 $2,101 $22,150 $2,915 $19,235
2023 $1,952 $20,580 $2,710 $17,870
2022 $1,220 $14,265 $2,205 $12,060
2021 $1,277 $13,460 $2,080 $11,380
2020 $1,199 $13,783 $2,131 $11,652
2019 $1,171 $12,340 $1,910 $10,430
2018 $1,163 $13,605 $2,106 $11,499
2017 $1,002 $12,450 $1,925 $10,525
2016 $1,058 $12,000 $1,855 $10,145
2015 $1,048 $12,000 $1,855 $10,145
2014 $1,048 $12,235 $1,890 $10,345
2013 $997 $12,390 $1,915 $10,475
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2018

    Sharon Blackwell

    Welcome Home Real Estate Llc

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Map

Source: MARIS MLS

MLS Number: MIS18042045

MARIS MLS

APN: 19-001-001-00

Illinois Randolph County Sparta 62286

201 W Main St, Sparta, IL

This home is located at 201 W Main St, Sparta, IL 62286 since 29 May 2018 and is currently estimated at $104,168, approximately $52 per square foot. This property was built in 1850. 201 W Main St is a home located in Randolph County with nearby schools including Sparta High School.

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