NOT LISTED FOR SALE

2601 Colt Rd Springfield, IL 62707

Estimated Value: $1,534,928

Studio
-- Bath
41,216 Sq Ft
$37/Sq Ft Est. Value

Last Sold June 30, 2020

Last sale price $1,125,000 $27 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $9,561/month

373 Days on Market

About This Home

As of June 2020

Subject property is a large warehouse situated on 5 acres. Well-maintained facility and ideally located just east of I-55. Full sprinkler system in place. Current owner is willing to sign a 7-year, NNN lease at $9,000 per month with a buy-out option after 5 years equal to one yearâs rent payment.

Last Agent to Sell the Property

Curtis Tillett

The Real Estate Group, Inc. License #475089421 Listed on: 05/08/2019

The Real Estate Group, Inc.

Last Buyer's Agent

Out of Area Out of Area

OUT OF AREA FIRM License #475085083

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $36,345

Lot Details

  • 5

Utilities

  • Forced Air Heating and Cooling System

Property Details

Property Type

Other

Est. Annual Taxes

$36,345

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Industrial
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete, Carpeted, Tile/Vinyl
  • Price Per Sq Ft: 27.3
  • Total Sq Ft: 41216
  • Total Building Sq Ft: 41216

Exterior Features

  • Exterior Finish: Stone
  • Frontage Access: City Street
  • Insulation: Unknown
  • Roof Construction: Flat
  • Wall Construction: Frame

Utilities

  • Cooling: Central Air
  • Heating: Forced Air

Lot Info

  • Estimated Number of Acres: 5
  • Zoning: I-1
  • Geo Subdivision: IL

Rental Info

  • Lease Dollar Sq Ft: 3
  • Sale Lease Includes: Sale/Lease Other

Tax Info

  • Annual Taxes: 36345
  • Parcel Id Number Tax Id: 15180452006
  • Tax Incentive: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2019
Closed on
Jul 2, 2020
Sold by
Table 17 Llc
Bought by
Colt Properties Llc
Seller's Agent
Curtis Tillett
The Real Estate Group, Inc.
Buyer's Agent
Out of Area Out of Area
OUT OF AREA FIRM
List Price
$1,250,000
Sold Price
$1,125,000
Premium/Discount to List
-$125,000
-10%
Current Estimated Value
$1,534,928

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$409,928
Avg. Annual Appreciation
5.76%
Original Mortgage
$1,540,000
Outstanding Balance
$1,379,193
Interest Rate
3.65%
Mortgage Type
New Conventional
Estimated Equity
$155,735

Purchase Details

Closed on
Dec 22, 2017
Sold by
Associates Engraving Company
Bought by
Table 17 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 19, 2001

Purchase Details

Closed on
Nov 29, 2000

Purchase Details

Closed on
Jun 9, 2000

Purchase Details

Closed on
Jan 23, 1998
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
Colt Properties Llc $1,125,000 Brown Hay & Stephens Llp
Table 17 Llc $1,250,250 Hinshaw & Culbertson Llp
-- $2,464,600 --
-- -- --
-- -- --
-- $150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Colt Properties Llc $1,540,000
Previous Owner Table 17 Llc $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2020 06/30/20 Sold $1,125,000 -10.0% $27 / Sq Ft
05/15/2020 05/15/20 Pending -- -- --
05/08/2019 05/08/19 For Sale $1,250,000 -- $30 / 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 $49,680 $709,976 $54,870 $655,106
2023 $45,879 $648,499 $50,119 $598,380
2022 $31,397 $419,944 $47,541 $372,403
2021 $27,688 $358,876 $45,761 $313,115
2020 $28,481 $374,921 $45,831 $329,090
2019 $36,345 $485,207 $45,671 $439,536
2018 $39,743 $540,320 $45,501 $494,819
2017 $47,991 $650,834 $44,912 $605,922
2016 $47,506 $641,342 $44,257 $597,085
2015 $47,273 $633,675 $43,728 $589,947
2014 $46,619 $629,583 $43,446 $586,137
2013 $46,069 $629,583 $43,446 $586,137
Source: Public Records

Agents Affiliated with this Home

  • Curtis Tillett

    Seller's Agent in 2020

    Curtis Tillett

    The Real Estate Group, Inc.

    (217) 553-7022

    40 Total Sales

    Curtis Tillett
    Section Image

  • O

    Buyer's Agent in 2020

    Out of Area Out of Area

    OUT OF AREA FIRM

See All Agents

Map

Source: RMLS Alliance

MLS Number: RMACA192864

RMLS Alliance

APN: 15-18.0-452-006

Illinois Sangamon County Springfield 62707

2601 Colt Rd, Springfield, IL

Not Listed for Sale

Other

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