NOT LISTED FOR SALE

2319 Cherry Hills Dr Springfield, IL 62704

Estimated Value: $197,531 - $248,000

8 Beds
4 Baths
4,280 Sq Ft
$50/Sq Ft Est. Value

Last Sold January 15, 2020

Last sale price $135,000 $32 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $1,493/month

137 Days on Market

About This Home

As of January 2020

Great investor opportunity in this all brick 4-unit building in convenient west location. Good floor plan with large entry, lots of light, some hardwood, carport parking, separate basement storage, laundry room, and rear entrances. One unit has updated kitchen and family room. Possible fifth unit in lower level. Please give 24 hour notice for showings.

Last Agent to Sell the Property

lisa metzger

The Real Estate Group, Inc. License #475096648 Listed on: 08/16/2019

The Real Estate Group, Inc.

Last Buyer's Agent

lisa metzger

The Real Estate Group, Inc. License #475096648 Listed on: 08/16/2019

The Real Estate Group, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,580

Year Built

  • Built in 1963

Lot Details

  • 0.26

Basement

  • Basement Fills Entire Space Under The House
  • Brick Basement

Schools

  • Springfield District #186 High School

Listing and Financial Details

  • Tenant pays for gas & electric

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,580

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: Apartment Building
  • Legal Description: Wanless Cherry Hills 5th Addn N 45' L 116 & S 40' L117
  • Lvt Date: 08/16/2019
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Dryers: 1
  • Number of Ranges: 4
  • Number Refrigerators: 4
  • Number Washers: 1
  • Basement: Full, Brick
  • Price Per Sq Ft: 31.54
  • Total Sq Ft: 4280

Exterior Features

  • Construction Status: Construction Complete
  • Exterior: Brick
  • Road Access: Paved

Garage/Parking

  • Garage Parking: Carport
  • Number Parking Spaces: 4

Utilities

  • Heating Cooling: Electric, Forced Air, Central Air, Water Heater - Gas
  • Water Sewer: Public Sewer, Public Water
  • Laundry Facilities: Owned Equipment

Schools

  • High School: Springfield District #186

Lot Info

  • Estimated Lot Size: 85x132
  • Lot Description: Level
  • Subdivision: Cherry Hills
  • Geo Subdivision: IL

Rental Info

  • Tenant Pays: Gas & Electric
  • Gross Annual Rent Income: 30900
  • Lease Information: 1 Year, Month-To-Month

Tax Info

  • Annual Taxes: 5580
  • Parcel Id Number Tax Id: 22050455014
  • Tax Year: 2018

Multi Family

  • Total Number Units: 4
  • Gross Annual Income: 31400
  • Total Number Central Air Units: 4
  • Total Number Electric Meters: 5
  • Total Number Gas Meters: 5
  • Total Number Heating Units: 4
  • Total Number Water Heaters: 2
  • Total Number Water Meters: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2019
Closed on
Jan 15, 2020
Sold by
Velasco Family Trust
Bought by
Nguyen Tung and Nguyen Van
Seller's Agent
lisa metzger
The Real Estate Group, Inc.
Buyer's Agent
lisa metzger
The Real Estate Group, Inc.
List Price
$189,000
Sold Price
$135,000
Premium/Discount to List
-$54,000
-28.57%
Current Estimated Value
$215,133

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,133
Avg. Annual Appreciation
8.02%

Purchase Details

Closed on
Aug 14, 2015

Purchase Details

Closed on
Feb 2, 1999
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
Nguyen Tung $135,000 Zelle Title
-- -- --
-- -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/15/2020 01/15/20 Sold $135,000 -22.8% $32 / Sq Ft
12/31/2019 12/31/19 Pending -- -- --
10/15/2019 10/15/19 Price Changed $174,900 -7.5% $41 / Sq Ft
08/16/2019 08/16/19 For Sale $189,000 -- $44 / 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 $4,506 $53,646 $11,486 $42,160
2023 $4,332 $49,000 $10,491 $38,509
2022 $4,165 $46,481 $9,952 $36,529
2021 $4,027 $44,740 $9,579 $35,161
2020 $3,947 $44,807 $9,593 $35,214
2019 $5,188 $59,798 $9,560 $50,238
2018 $5,581 $66,053 $9,497 $56,556
2017 $5,465 $65,199 $9,374 $55,825
2016 $5,358 $64,248 $9,237 $55,011
2015 $5,306 $63,480 $9,127 $54,353
2014 $5,227 $63,070 $9,068 $54,002
2013 $5,110 $63,070 $9,068 $54,002
Source: Public Records

Agents Affiliated with this Home

  • l

    Seller's Agent in 2020

    lisa metzger

    The Real Estate Group, Inc.

    (217) 899-7131

    21 Total Sales

    lisa metzger
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Map

Source: RMLS Alliance

MLS Number: RMACA1615

RMLS Alliance

APN: 22-05.0-455-014

Illinois Sangamon County Springfield 62704

2319 Cherry Hills Dr, Springfield, IL

Not Listed for Sale

MultiFamily

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