NOT LISTED FOR SALE

2422 S Macarthur Blvd Springfield, IL 62704

Estimated Value: $162,620

-- Bed
-- Bath
7,984 Sq Ft
$20/Sq Ft Est. Value

Last Sold January 15, 2020

Last sale price $285,000 $36 Per Sq Ft

Est. 43% decrease in value since last sale

Current estimated payment $1,061/month

23 Days on Market

About This Home

As of January 2020

Great investment opportunity. 5600 sq ft building. Tenant has occupied this building for many years. Current lease through May 2023, w/5 yr renewal option. Priced to sell at 15% CAP rate. Contact listing agent for details.

Last Agent to Sell the Property

Ronald Duff

RE/MAX Professionals License #471001747 Listed on: 11/18/2019

RE/MAX Professionals

Last Buyer's Agent

CINDI KRUSE

The Real Estate Group, Inc. License #475102955

The Real Estate Group, Inc.

Property Details

Property Type

Other

Est. Annual Taxes

$10,342

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Investment
  • Lvt Date: 11/19/2019
  • Special Features: None
  • Property Sub Type: Other

Exterior Features

  • Frontage Access: City Street

Lot Info

  • Zoning: B1
  • Geo Subdivision: IL
  • Lot Size Remarks: building 5600 sq ft

Rental Info

  • Sale Lease Includes: Building

Tax Info

  • Parcel Id Number Tax Id: 22040351008

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2019
Closed on
Jan 15, 2020
Sold by
Paul Barker Trust
Bought by
Eli Hoffman Llc
Seller's Agent
Ronald Duff
RE/MAX Professionals
Buyer's Agent
CINDI KRUSE
The Real Estate Group, Inc.
List Price
$295,000
Sold Price
$285,000
Premium/Discount to List
-$10,000
-3.39%
Current Estimated Value
$162,620

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$122,380
Original Mortgage
$228,000
Outstanding Balance
$169,039
Interest Rate
6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 18, 2019
Closed on
Jan 14, 2020
Sold by
Stonegate Investors Llc
Bought by
Eli Hoffman Llc
Seller's Agent
Ronald Duff
RE/MAX Professionals
Buyer's Agent
CINDI KRUSE
The Real Estate Group, Inc.
List Price
$295,000
Sold Price
$285,000
Premium/Discount to List
-$10,000
-3.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Outstanding Balance
$169,039
Interest Rate
6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 27, 2012

Purchase Details

Closed on
Jun 29, 2009

Purchase Details

Closed on
Feb 10, 2005

Purchase Details

Closed on
Jan 4, 2005

Purchase Details

Closed on
Dec 29, 2004

Purchase Details

Closed on
Dec 28, 2004

Purchase Details

Closed on
Dec 22, 2003
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
Eli Hoffman Llc $142,500 Illinois Real Estate Title
Eli Hoffman Llc $142,500 Illinois Real Estate Title
-- -- --
-- -- --
-- -- --
-- -- --
-- -- --
-- -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Eli Hoffman Llc $228,000
Closed Eli Hoffman Llc $228,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2020 01/15/20 Sold $285,000 -3.4% $36 / Sq Ft
12/11/2019 12/11/19 Pending -- -- --
11/18/2019 11/18/19 For Sale $295,000 -- $37 / 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 $10,342 $123,125 $52,555 $70,570
2023 $9,943 $112,463 $48,004 $64,459
2022 $9,560 $106,681 $45,536 $61,145
2021 $9,243 $102,687 $43,831 $58,856
2020 $9,059 $102,841 $43,897 $58,944
2019 $8,891 $102,482 $43,744 $58,738
2018 $9,267 $109,680 $43,554 $66,126
2017 $9,075 $108,262 $42,991 $65,271
2016 $8,897 $106,683 $42,364 $64,319
2015 $8,811 $105,408 $41,858 $63,550
2014 $8,679 $104,728 $41,588 $63,140
2013 $8,485 $104,728 $41,588 $63,140
Source: Public Records

Agents Affiliated with this Home

  • Ronald Duff

    Seller's Agent in 2020

    Ronald Duff

    RE/MAX Professionals

    (217) 652-6025

    198 Total Sales

    Section Image
  • CINDI KRUSE

    Buyer's Agent in 2020

    CINDI KRUSE

    The Real Estate Group, Inc.

    (217) 341-2006

    299 Total Sales

    Section Image
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Map

Source: RMLS Alliance

MLS Number: RMACA996600

RMLS Alliance

APN: 22-04.0-351-008

Illinois Sangamon County Springfield 62704

2422 S Macarthur Blvd, Springfield, IL

This home is located at 2422 S Macarthur Blvd, Springfield, IL 62704 since 18 November 2019 and is currently priced at $162,620, approximately $20 per square foot. 2422 S Macarthur Blvd is a home located in Sangamon County with nearby schools including Butler Elementary School, Benjamin Franklin Middle School, and Springfield Southeast High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

RMLS Alliance 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.

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