NOT LISTED FOR SALE

2509 Richmond Ave Mattoon, IL 61938

Estimated Value: $124,000 - $143,000

4 Beds
2 Baths
-- Sq Ft
7,187 Sq Ft Lot

Last Sold March 10, 2023

Last sale price $98,000

Est. 33% increase in value since last sale

Current estimated payment $932/month

1 Day on Market

About This Home

As of March 2023

Great income property or could be converted back to single residence. Currently two, two bedroom, one bath units with tenants in place. Appliances are included, both water heaters are since 2014, one HVAC replaced in 21. Both are in good condition and strong rental history.

Last Agent to Sell the Property

Randy Hastings

Hillard Agency- Tuscola License #471009277 Listed on: 02/01/2023

Co-Listed By

Tina Kibler

Hillard Agency- Tuscola License #475205152

Last Buyer's Agent

Randy Hastings

Hillard Agency- Tuscola License #471009277 Listed on: 02/01/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,799

Year Built

  • Built in 1950

Lot Details

  • 7,187

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Block Foundation
  • Metal Roof

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Parking

  • 2 Parking Spaces
  • Uncovered Parking
  • Parking Space is Owned

Schools

  • Mattoon Middle School
  • Mattoon High School

Additional Features

  • Crawl Space
  • Porch
  • Lot Dimensions are 50 x 144
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,799

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Year Built: 1950
  • Age: 71-80 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Basement Description: Crawl
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • ExteriorFeatures: Porch
  • Foundation Details: Block
  • List Price: 99900
  • Roof: Metal
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • ParkingTotal: 2
  • Number of Cars: 2
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Schools

  • High School: Mattoon High School
  • Middle/Junior School: Mattoon Middle School
  • Middle/Junior School District: 2

Lot Info

  • Lot Dimensions: 50 X 144
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 22

Tax Info

  • Tax Annual Amount: 2798.8
  • Tax Year: 2021
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 1 Story Unit/s

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2023
Closed on
Mar 10, 2023
Sold by
Jhm Declardation Of Trust
Bought by
A & M Rentals Llc
Seller's Agent
Randy Hastings
Hillard Agency- Tuscola
Buyer's Agent
Randy Hastings
Hillard Agency- Tuscola
List Price
$99,900
Sold Price
$98,000
Premium/Discount to List
-$1,900
-1.9%
Views
4
Current Estimated Value
$130,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,000
Avg. Annual Appreciation
8.33%
Original Mortgage
$81,600
Outstanding Balance
$79,403
Interest Rate
6.13%
Mortgage Type
New Conventional
Estimated Equity
$40,498

Purchase Details

Closed on
Aug 30, 2018
Sold by
Mast John H
Bought by
John H Mast

Purchase Details

Closed on
Jun 7, 2017
Sold by
Pierce Deborah A
Bought by
Mast John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
4.05%
Mortgage Type
New Conventional
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
A & M Rentals Llc -- --
John H Mast -- None Available
Mast John -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open A & M Rentals Llc $81,600
Previous Owner Mast John $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/10/2023 03/10/23 Sold $98,000 -1.9% --
02/03/2023 02/03/23 Pending -- -- --
02/01/2023 02/01/23 For Sale $99,900 -- --
Source: Midwest Real Estate Data (MRED)

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 $2,869 $36,285 $4,739 $31,546
2023 $2,869 $32,397 $4,231 $28,166
2022 $2,791 $31,862 $4,161 $27,701
2021 $2,799 $29,266 $3,822 $25,444
2020 $2,768 $30,323 $3,960 $26,363
2019 $2,726 $29,266 $3,822 $25,444
2018 $2,678 $29,266 $3,822 $25,444
2017 $2,669 $29,266 $3,822 $25,444
2016 $2,612 $29,266 $3,822 $25,444
2015 $2,577 $29,266 $3,822 $25,444
2014 $2,577 $29,266 $3,822 $25,444
2013 $2,577 $29,266 $3,822 $25,444
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11710967

Midwest Real Estate Data (MRED)

APN: 07-2-10463-000