NOT LISTED FOR SALE

2305 Cherry Hills Dr Springfield, IL 62704

Estimated Value: $2,021,595

Studio
-- Bath
27,000 Sq Ft
$75/Sq Ft Est. Value

Last Sold April 29, 2019

Last sale price $818,000 $30 Per Sq Ft

Est. 147% increase in value since last sale

Current estimated payment $12,245/month

68 Days on Market

About This Home

As of April 2019

2 - 12 UNIT APARTMENT COMPLEXES. SOLD BEFORE LISTED. ENTERED FOR COMP PURPOSES. THIS ALSO INCLUDES TAX IDS 22050455011 & 22050455012. SQ FT BELIVED TO BE ACCURATE BUT NOT WARRANTED.

Last Agent to Sell the Property

Krystal K Buscher

The Real Estate Group, Inc. License #475142742 Listed on: 02/20/2019

The Real Estate Group, Inc.

Last Buyer's Agent

Jerry George

The Real Estate Group, Inc. License #475159363

The Real Estate Group, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,496

Lot Details

  • 0.26

Home Design

Basement

  • Block Basement Construction

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,496

Lot Details

0.26 Acres

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: Apartment Building
  • Legal Description: WANLESS CHERRY HILLS 5TH ADDN L 120
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Dish Washers: 24
  • Number Dryers: 2
  • Number of Ranges: 24
  • Number Refrigerators: 24
  • Number Washers: 2
  • Basement: Block
  • Price Per Sq Ft: 30.3
  • Total Sq Ft: 27000

Exterior Features

  • Exterior: Aluminum Siding, Brick

Garage/Parking

  • Garage Parking: On-Street Parking, Parking Slab
  • Number Parking Spaces: 24

Utilities

  • Heating Cooling: Forced Air, Gas, Central Air
  • Water Sewer: Public Sewer, Public Water
  • Laundry Facilities: Common

Lot Info

  • Estimated Lot Size: 180 x 135
  • Zoning: R-3
  • Geo Subdivision: IL

Tax Info

  • Annual Taxes: 21496
  • Parcel Id Number Tax Id: 22050455010
  • Tax Year: 2018

Multi Family

  • Total Number Units: 24
  • Total Number Central Air Units: 24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 10, 2025
Sold by
Fh Cherry Hills Llc
Bought by
Tbfs Investments Llc
Current Estimated Value
$2,021,595

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,440,000
Outstanding Balance
$1,427,429
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$594,166

Purchase Details

Closed on
Sep 28, 2022
Sold by
2305 Cherry Hills Llc and 2309 Cherry Hills Llc
Bought by
Fh Cherry Hills Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,137,500
Interest Rate
5.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 10, 2021
Sold by
Chantz Ireland
Bought by
2309 Cherry Hills Llc

Purchase Details

Closed on
Jan 12, 2021
Sold by
Hidden Acres Apartment Homes Llc
Bought by
2305 Cherry Hills Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$986,250
Interest Rate
2.71%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 20, 2019
Closed on
May 2, 2019
Sold by
Joseph & Kaye Llc
Bought by
Hidden Acres Apartment Homes L
Seller's Agent
Krystal K Buscher
The Real Estate Group, Inc.
Buyer's Agent
Jerry George
The Real Estate Group, Inc.
List Price
$850,000
Sold Price
$818,000
Premium/Discount to List
-$32,000
-3.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.01%
Original Mortgage
$938,000
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 2, 2007

Purchase Details

Closed on
Dec 11, 2006

Purchase Details

Closed on
Apr 5, 2006

Purchase Details

Closed on
Mar 21, 2002

Purchase Details

Closed on
Feb 25, 2002

Purchase Details

Closed on
Feb 21, 2002

Purchase Details

Closed on
Jul 11, 2001

Purchase Details

Closed on
Oct 31, 2000

Purchase Details

Closed on
Jul 31, 1997

Purchase Details

Closed on
Jul 27, 1994
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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Purchase History

Date Buyer Sale Price Title Company
Tbfs Investments Llc $1,800,000 None Listed On Document
Fh Cherry Hills Llc $1,625,000 None Listed On Document
2309 Cherry Hills Llc -- Hein Schneider & Bond Pc
2305 Cherry Hills Llc $1,315,000 Zelle Title
Hidden Acres Apartment Homes L $818,000 Cornerstone Title
-- $695,000 --
-- -- --
-- $600,000 --
-- $490,000 --
-- $270,000 --
-- $270,000 --
-- -- --
-- -- --
-- -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tbfs Investments Llc $1,440,000
Previous Owner Fh Cherry Hills Llc $1,137,500
Previous Owner 2305 Cherry Hills Llc $986,250
Previous Owner Hidden Acres Apartment Homes L $938,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/29/2019 04/29/19 Sold $818,000 -3.8% $30 / Sq Ft
04/29/2019 04/29/19 Pending -- -- --
02/20/2019 02/20/19 For Sale $850,000 +12.0% $31 / Sq Ft
01/11/2017 01/11/17 Sold $759,000 0.0% $28 / Sq Ft View Prior Sale
11/14/2016 11/14/16 Pending -- -- --
11/02/2016 11/02/16 For Sale $759,000 -- $28 / Sq Ft
Source: RMLS Alliance

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 $19,335 $230,191 $11,665 $218,526
2023 $18,589 $210,259 $10,655 $199,604
2022 $16,330 $182,235 $10,106 $172,129
2021 $15,789 $175,412 $9,728 $165,684
2020 $15,475 $175,676 $9,743 $165,933
2019 $10,006 $115,333 $9,709 $105,624
2018 $10,862 $128,552 $9,643 $118,909
2017 $10,637 $126,889 $9,518 $117,371
2016 $10,428 $125,038 $9,379 $115,659
2015 $10,327 $123,543 $9,267 $114,276
2014 $10,172 $122,745 $9,207 $113,538
2013 $9,945 $122,745 $9,207 $113,538
Source: Public Records

Agents Affiliated with this Home

  • Krystal K Buscher

    Seller's Agent in 2019

    Krystal K Buscher

    The Real Estate Group, Inc.

    (217) 553-9280

    307 Total Sales

    Krystal K Buscher
    Section Image
  • Jerry George

    Buyer's Agent in 2019

    Jerry George

    The Real Estate Group, Inc.

    (217) 638-1360

    899 Total Sales

    Jerry George
    Section Image
  • Ronald Duff

    Seller's Agent in 2017

    Ronald Duff

    RE/MAX Professionals

    (217) 652-6025

    42 Total Sales

    Ronald Duff
    Section Image
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Map

Source: RMLS Alliance

MLS Number: RMACA192608

RMLS Alliance

APN: 22-05.0-455-010

Illinois Sangamon County Springfield 62704

2305 Cherry Hills Dr, Springfield, IL

Not Listed for Sale

MultiFamily

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RMLS Alliance Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.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.
Based on information submitted to the MLS GRID

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