NOT LISTED FOR SALE

2516 W Newman Pkwy Peoria, IL 61604

Wardcliffe Neighborhood

Estimated Value: $97,786 - $176,000

8 Beds
4 Baths
1,920 Sq Ft
$74/Sq Ft Est. Value

Last Sold October 02, 2020

Last sale price $176,000 $92 Per Sq Ft

Est. 18% decrease in value since last sale

Current estimated payment $1,089/month

35 Days on Market

About This Home

As of October 2020

These income producing properties are two side by side ranch style duplexes, located in Peoria! 1920 SQFT is total square footage per building. Taxes as of 2019 are $3,954.92 per building. Great investment opportunity! These properties back up to school property. Properties are in an estate. Sold as-is.

Last Agent to Sell the Property

Robert Fredericks

RE/MAX Traders Unlimited License #475084232 Listed on: 08/04/2020

RE/MAX Traders Unlimited

Last Buyer's Agent

Jessica Ball

RE/MAX Traders Unlimited License #475175281

RE/MAX Traders Unlimited

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,910

Year Built

  • Built in 1963

Lot Details

  • 9,975

Basement

  • Crawl Space

Schools

  • Dr. Maude Sanders Elementary School
  • Peoria Central High School

Listing and Financial Details

  • Tenant pays for all utilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,910

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: 1 Story | Duplex/Side by Side
  • Legal Description: LOTS 162 AND 163 WARDCLIFFE SUB
  • Lvt Date: 08/04/2020
  • Year Built: 1963
  • Senior Community: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number of Ranges: 4
  • Number Refrigerators: 4
  • Basement: Crawl Space
  • Price Per Sq Ft: 91.67
  • Total Sq Ft: 1920

Exterior Features

  • Exterior: Aluminum Siding, Brick Partial
  • Roofing: Shingles

Garage/Parking

  • Garage Parking: Attached
  • Number Parking Spaces: 4

Utilities

  • Heating Cooling: Gas, Central Air, Water Heater - Gas
  • Water Sewer: Public Sewer, Public Water
  • Laundry Facilities: Private

Schools

  • Elementary School: Dr. Maude Sanders
  • Middle School: Sterling
  • High School: Peoria Central
  • Elementary School: Dr. Maude Sanders
  • High School: Peoria Central

Lot Info

  • Estimated Lot Size: 80 x 125, 80 x 125
  • Lot Description: Level
  • Subdivision: Wardcliffe
  • Additional Assessor Parcel Numbers: 14-31-178-012

Rental Info

  • Tenant Pays: All Utilities
  • Gross Annual Rent Income: 33600
  • Lease Information: Various Terms

Tax Info

  • Annual Taxes: 7909.84
  • Parcel Id Number Tax Id: 14-31-178-011
  • Tax Year: 2019

Multi Family

  • Total Number Units: 4
  • Gross Annual Income: 33600
  • Total Number Central Air Units: 4
  • Total Number Electric Meters: 4
  • Total Number Gas Meters: 4
  • Total Number Heating Units: 4
  • Total Number Water Heaters: 4
  • Total Number Water Meters: 4

MLS Schools

  • Middle School: Sterling

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2020
Closed on
Oct 2, 2020
Sold by
Adams Marcus F
Bought by
Ball Justin A and Ball Jessica L
Seller's Agent
Robert Fredericks
RE/MAX Traders Unlimited
Buyer's Agent
Jessica Ball
RE/MAX Traders Unlimited
List Price
$199,500
Sold Price
$176,000
Premium/Discount to List
-$23,500
-11.78%
Current Estimated Value
$144,600

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$31,400
Avg. Annual Appreciation
-2.89%
Original Mortgage
$66,000
Outstanding Balance
$48,633
Interest Rate
2.75%
Mortgage Type
New Conventional
Estimated Equity
$103,916

Purchase Details

Closed on
Feb 28, 2007
Bought by
Adams Marcus F
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
Ball Justin A $88,000 Cusack Gilfillan Oday Llc
Adams Marcus F $205,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ball Justin A $66,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/02/2020 10/02/20 Sold $176,000 -11.8% $92 / Sq Ft
09/08/2020 09/08/20 Pending -- -- --
08/04/2020 08/04/20 For Sale $199,500 -- $104 / 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 $3,565 $39,410 $8,160 $31,250
2023 $3,402 $36,160 $7,490 $28,670
2022 $3,008 $31,180 $7,220 $23,960
2021 $2,953 $29,700 $6,880 $22,820
2020 $2,946 $29,400 $6,810 $22,590
2019 $3,451 $34,640 $6,950 $27,690
2018 $3,347 $34,370 $7,020 $27,350
2017 $3,347 $34,720 $7,090 $27,630
2016 $3,254 $34,720 $7,090 $27,630
2015 $3,030 $34,040 $6,950 $27,090
2014 $3,030 $32,920 $6,980 $25,940
2013 -- $33,310 $7,060 $26,250
Source: Public Records

Agents Affiliated with this Home

  • Robert Fredericks

    Seller's Agent in 2020

    Robert Fredericks

    RE/MAX

    (309) 696-7135

    1 in this area

    175 Total Sales

    Section Image
  • Jessica Ball

    Buyer's Agent in 2020

    Jessica Ball

    RE/MAX

    (309) 687-5000

    8 in this area

    447 Total Sales

    Section Image
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Map

Source: RMLS Alliance

MLS Number: PA1217557

RMLS Alliance

APN: 14-31-178-012

Illinois Peoria County Peoria 61604 Wardcliffe

2516 W Newman Pkwy, Peoria, IL

This home is located at 2516 W Newman Pkwy, Peoria, IL 61604 since 04 August 2020 and is currently estimated at $142,197, approximately $74 per square foot. This property was built in 1963. 2516 W Newman Pkwy is a home located in Peoria County with nearby schools including Dr Maude A Sanders Primary School, Sterling Middle School, and Peoria 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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