NOT LISTED FOR SALE

2316 W Lawrence Ave Springfield, IL 62704

Oaks Neighborhood

Estimated Value: $223,000 - $232,000

7 Beds
3 Baths
2,320 Sq Ft
$99/Sq Ft Est. Value

Last Sold September 30, 2021

Last sale price $171,500 $74 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $1,668/month

About This Home

As of September 2021

The tri-plex has been extensively remodeled in each unit. Easy access to downtown and west-side. This is the perfect fit for a young professional. Great income from each unit and coin operated community laundry facilities.

Last Agent to Sell the Property

KATHY GARST

The Real Estate Group, Inc. License #475121251 Listed on: 08/27/2021

The Real Estate Group, Inc.

Last Buyer's Agent

KATHY GARST

The Real Estate Group, Inc. License #475121251 Listed on: 08/27/2021

The Real Estate Group, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,149

Lot Details

  • 0.31

Home Design

  • Triplex
  • Concrete Foundation

Partially Finished Basement

  • Basement Fills Entire Space Under The House

Schools

  • Springfield District #186 High School

Listing and Financial Details

  • Tenant pays for gas & electric, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,149

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: Triplex
  • Legal Description: CHAS S WANLESS KNOX KNOLLS SUBDN L 1 (13,631 SQ FT)
  • Lvt Date: 08/27/2021
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Dish Washers: 3
  • Number Dryers: 1
  • Number of Ranges: 3
  • Number Refrigerators: 3
  • Number Washers: 1
  • Basement: Concrete, Full, Partially Finished
  • Price Per Sq Ft: 73.92
  • Total Sq Ft: 2320

Exterior Features

  • Exterior: Aluminum Siding, Vinyl Siding
  • Road Access: Curbs & Gutters
  • Roofing: Shingles

Garage/Parking

  • Garage Parking: Detached, Shared Garage
  • Number Parking Spaces: 4

Utilities

  • Heating Cooling: Forced Air, Gas, Water Heater - Gas
  • Water Sewer: Public Sewer, Public Water
  • Garbage Collection Exp: 180
  • Laundry Facilities: Common, Owned Equipment

Schools

  • High School: Springfield District #186

Lot Info

  • Estimated Lot Size: irregular
  • Lot Description: Level
  • Subdivision: Knox Knolls
  • Geo Subdivision: IL
  • Flood Plain: Unknown

Rental Info

  • Tenant Pays: Gas & Electric, Water
  • Lease Information: Month-To-Month

Tax Info

  • Annual Taxes: 4149.48
  • Parcel Id Number Tax Id: 14310282002
  • Tax Year: 2020

Multi Family

  • Total Number Units: 2
  • Gross Annual Income: 27600
  • Total Number Central Air Units: 2
  • Total Number Electric Meters: 1
  • Total Number Gas Meters: 2
  • Total Number Heating Units: 3
  • Total Number Water Heaters: 3
  • Total Number Water Meters: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2021
Closed on
Sep 24, 2021
Sold by
John Dilworth Jr Lee and John Ann Shirley
Bought by
Freedom Equity Properties Inc
Seller's Agent
KATHY GARST
The Real Estate Group, Inc.
Buyer's Agent
KATHY GARST
The Real Estate Group, Inc.
List Price
$171,500
Sold Price
$171,500
Current Estimated Value
$229,006

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,506
Avg. Annual Appreciation
7.34%
Source: Public Records

Range of Values:

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Average Value
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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
Freedom Equity Properties Inc $171,500 Barber Segatto Hoffee Wilke &
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/30/2021 09/30/21 Sold $171,500 0.0% $74 / Sq Ft
08/28/2021 08/28/21 Pending -- -- --
08/27/2021 08/27/21 For Sale $171,500 +27.0% $74 / Sq Ft
05/29/2018 05/29/18 Sold $135,000 -8.2% $58 / Sq Ft View Prior Sale
04/24/2018 04/24/18 Pending -- -- --
12/05/2017 12/05/17 For Sale $147,000 -- $63 / 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 $5,630 $67,033 $9,333 $57,700
2023 $5,413 $61,229 $8,525 $52,704
2022 $5,205 $58,081 $8,087 $49,994
2021 $4,234 $47,035 $7,783 $39,252
2020 $4,149 $47,106 $7,795 $39,311
2019 $4,072 $46,942 $7,768 $39,174
2018 $3,852 $45,590 $7,731 $37,859
2017 $4,108 $49,006 $7,631 $41,375
2016 $4,027 $48,292 $7,520 $40,772
2015 $3,988 $47,715 $7,430 $40,285
2014 $3,929 $47,407 $7,382 $40,025
2013 $3,841 $47,407 $7,382 $40,025
Source: Public Records

Agents Affiliated with this Home

  • KATHY GARST

    Seller's Agent in 2021

    KATHY GARST

    The Real Estate Group, Inc.

    (217) 306-6063

    8 in this area

    800 Total Sales

    KATHY GARST
    Section Image

  • B

    Seller's Agent in 2018

    Beverly Collins

    IN BETWEEN OFFICES

See All Agents

Map

Source: RMLS Alliance

MLS Number: CA1009505

RMLS Alliance

APN: 14-31.0-282-002

Illinois Sangamon County Springfield 62704 Oaks

2316 W Lawrence Ave, Springfield, IL

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