Seller's Agent in 2023
Robin Freiman
Coldwell Banker Real Estate Group
(630) 244-1114
2 in this area
88 Total Sales
202 N Springfield St Newark, IL 60541
Estimated Value: $234,000 - $326,000
2
Beds
2
Baths
--
Sq Ft
0.4
Acres
Highlights
- Property is near park
- Fenced Yard
- Forced Air Heating System
- Corner Lot
- Water Softener is Owned
- 3-minute walk to John Moore Playground
About This Home
As of September 2023Originally built as the Lisbon Academy (circa 1845), this very unique 2-story building has been re-zoned R-2 (2-unit apartment building)~Once the upper unit has been completed per the blueprints, each unit to have a living room/dining room, eat-in kitchen, 2-bedrooms & a full bathroom~Great potential here, perfect as an investment property, reside in one unit & rent the other unit out for addt' income or reside in one unit & use the other unit for a home based business! Many recent upgrades/improvements have been made to this building including new windows, a 30-year architectural shingle roof (w/complete tear-off & new 5/8" plywood decking/16" on center), aluminum soffit, vinyl siding, exterior doors/storm doors & exterior lighting~Interior upgrades/improvements to the 1st floor unit include new high efficiency (96% AFUE) Trane furnace, new 3-ton Trane central A/C unit, new hot water heater (electric), water softener, insulation, drywall, paint, interior lighting/ceiling fans, electric (200-amp service) panel, plumbing (w/3-pipe system for hot/cold & recirculating water), reverse osmosis system & sealed sub-flooring~The 1st floor unit is almost ready for occupancy, offering a living room/dining room, a spacious eat-in kitchen w/breakfast bar, 2-bedrooms & a full bath~This 1st floor unit promotes brand new kitchen cabinetry (drawers w/soft-close feature), counter tops, breakfast bar, water filtration system at kitchen sink & a new dishwasher~The 1st floor also features a beautiful new bathroom w/luxury vinyl plank flooring (LVP), a new vanity, new mirror, toilet & shower/tub~This bathroom is also plumbed for a stacked washer & dryer (electric dryer)~Some interior trim/molding work needs to be finished, some window frames need to be completed (the wood is already on-site) & new flooring will need to be installed in LR/DR, kitchen & bedrooms in this unit~The 2nd floor unit has blueprints for a floor plan that is very similar to 1st floor unit & does have some framing done w/a sealed sub-flooring throughout & a new 200-amp electric panel~Some plumbing has also been brought to this upper unit including a new bathtub~This 2nd floor unit features an 11' ceiling & lots of windows for great natural light~This unit could also be finished as a 'loft-style' apartment~This property has a 200' well w/newer well pump (set at 125') & water system (including a newer hydro pneumatic tank)~Each unit has a separate entrance & is set up for separate utilities (gas & electric)~Located on a premium 0.40 acre lot w/ample parking space for residents & guests~Conveniently close to park & Lisbon elementary school!
Last Agent to Sell the Property
Coldwell Banker Real Estate Group License #475126303 Listed on: 12/30/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,561
Year Renovated
- 2022
Lot Details
- 0.4 Acre Lot
- Lot Dimensions are 132x132
- Fenced Yard
- Corner Lot
- Paved or Partially Paved Lot
Home Design
- Asphalt Roof
Interior Spaces
- 2-Story Property
- Ceiling Fan
- Crawl Space
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Potential Bedrooms
- 2 Bathrooms
Parking
- 4 Parking Spaces
- Uncovered Parking
- Off-Street Parking
- Parking Included in Price
- Unassigned Parking
Location
- Property is near park
Schools
- Lisbon Grade Elementary And Middle School
- Lisbon Grade High School
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Well
- Electric Water Heater
- Water Softener is Owned
Community Details
- 2 Units
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 30, 2022
Closed on
Sep 6, 2023
Sold by
Schroeder Trust
Bought by
Chow Joseph and Chow Micayla Post
Seller's Agent
Robin Freiman
Coldwell Banker Real Estate Group
Buyer's Agent
Julie VanDuyne
Coldwell Banker Real Estate Group
List Price
$275,000
Sold Price
$200,000
Premium/Discount to List
-$75,000
-27.27%
Views
478
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,429
Avg. Annual Appreciation
12.44%
Original Mortgage
$160,000
Outstanding Balance
$156,936
Interest Rate
7.5%
Mortgage Type
New Conventional
Estimated Equity
$107,432
Purchase Details
Closed on
Apr 7, 2016
Sold by
Tater Richard
Bought by
Schroeder Benjamin A and Schroeder Caroljune
Purchase Details
Closed on
Mar 28, 2007
Sold by
First Midwest Bank
Bought by
Tatera Richard W
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Chow Joseph | $200,000 | Fidelity National Title | |
| Schroeder Benjamin A | $77,500 | Chicago Title Insurance Co | |
| Tatera Richard W | $24,000 | Chicago Title Insurance Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Chow Joseph | $160,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/06/2023 09/06/23 | Sold | $200,000 | -27.3% | -- |
| 07/12/2023 07/12/23 | Pending | -- | -- | -- |
| 12/30/2022 12/30/22 | For Sale | $275,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $4,967 | $71,594 | $13,650 | $57,944 |
| 2023 | $0 | $30,000 | $13,000 | $17,000 |
| 2022 | $1,561 | $20,752 | $6,815 | $13,937 |
| 2021 | $1,494 | $19,364 | $5,427 | $13,937 |
| 2020 | $1,528 | $19,091 | $5,350 | $13,741 |
| 2019 | $1,546 | $19,091 | $5,350 | $13,741 |
| 2018 | $2,233 | $19,091 | $5,350 | $13,741 |
| 2017 | $1,487 | $18,065 | $5,063 | $13,002 |
| 2016 | $744 | $17,841 | $5,000 | $12,841 |
| 2015 | $721 | $17,841 | $5,000 | $12,841 |
| 2014 | -- | $17,841 | $5,000 | $12,841 |
| 2013 | -- | $17,841 | $5,000 | $12,841 |
Source: Public Records
Agents Affiliated with this Home
-
Robin Freiman
-
Julie VanDuyne
J
Buyer's Agent in 2023
Julie VanDuyne
Coldwell Banker Real Estate Group
(815) 325-9871
1 in this area
67 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11693075
APN: 08-30-151-011
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