NOT LISTED FOR SALE

2801 E Clear Lake Ave Springfield, IL 62702

Estimated Value: $103,430

Studio
-- Bath
2,404 Sq Ft
$43/Sq Ft Est. Value

Last Sold March 29, 2019

Last sale price $68,000 $28 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $787/month

540 Days on Market

About This Home

As of March 2019

Unique property for sale. 1900 sq ft bldg with 2 apartments plus barbershop. Separate bldg 24 x 21 - 504 sq ft. Great opportunity. Barbershop & sep bldg could be converted to 2 more apartments. Heavy traffic road with numerous opportunities.

Last Agent to Sell the Property

Jan Brewer

RE/MAX Professionals License #471021465 Listed on: 09/06/2017

RE/MAX Professionals

Last Buyer's Agent

Kyle Killebrew

The Real Estate Group, Inc. License #475109198

The Real Estate Group, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1992

Lot Details

  • 4,835

Schools

  • Springfield District #186 High School

Property Details

Home Type

Multi-Family

Year Built

Built in 1992

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: Other Style
  • Legal Description: L33 SPAULDING CAPITAL PARK ADDN
  • Year Built: 1992
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number of Ranges: 2
  • Number Refrigerators: 2
  • Price Per Sq Ft: 28.29
  • Total Sq Ft: 2404

Exterior Features

  • Exterior: Vinyl Siding

Garage/Parking

  • Number Parking Spaces: 10

Utilities

  • Garbage Collection Exp: 360

Schools

  • High School: Springfield District #186

Lot Info

  • Estimated Lot Size: 62 x 130
  • Zoning: B1
  • Geo Subdivision: IL

Tax Info

  • Annual Taxes: 3956
  • Parcel Id Number Tax Id: 14250356016
  • Tax Year: 2017

Multi Family

  • Total Number Units: 3
  • Gross Annual Income: 22200
  • Total Number Central Air Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 23, 2021
Sold by
Newt Properties Llc
Bought by
Rice Dwy M and Lovelace Valerie
Current Estimated Value
$103,430

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,920
Outstanding Balance
$15,817
Interest Rate
3.12%
Mortgage Type
New Conventional
Estimated Equity
$87,613

Purchase Details

Listed on
Sep 6, 2017
Closed on
Mar 29, 2019
Sold by
Taylor Jon P and Taylor Charolette E
Bought by
Newt Properties Llc
Seller's Agent
Jan Brewer
RE/MAX Professionals
Buyer's Agent
Kyle Killebrew
The Real Estate Group, Inc.
List Price
$125,000
Sold Price
$68,000
Premium/Discount to List
-$57,000
-45.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.39%
Original Mortgage
$54,400
Interest Rate
6.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 1, 2002
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
Rice Dwy M $79,900 Barber Segatto Hoffee Wilke &
Rice Dwy M $79,900 Barber Segatto Hoffee Wilke &
Newt Properties Llc $68,000 Fernandes David A
-- $125,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rice Dwy M $63,920
Closed Rice Dwy M $63,920
Previous Owner Newt Properties Llc $54,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/29/2019 03/29/19 Sold $68,000 -45.6% $28 / Sq Ft
02/28/2019 02/28/19 Pending -- -- --
09/06/2017 09/06/17 For Sale $125,000 -- $52 / 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 $2,967 $35,321 $8,847 $26,474
2023 $2,852 $32,263 $8,081 $24,182
2022 $2,742 $30,605 $7,666 $22,939
2021 $2,286 $25,393 $7,379 $18,014
2020 $2,240 $25,431 $7,390 $18,041
2019 $1,887 $21,747 $7,364 $14,383
2018 $4,039 $47,809 $7,330 $40,479
2017 $3,956 $47,191 $7,235 $39,956
2016 $3,878 $46,502 $7,129 $39,373
2015 $3,841 $45,946 $7,044 $38,902
2014 $3,783 $45,650 $6,999 $38,651
2013 $3,699 $45,650 $6,999 $38,651
Source: Public Records

Agents Affiliated with this Home

  • Jan Brewer

    Seller's Agent in 2019

    Jan Brewer

    RE/MAX Professionals

    (217) 652-1210

    122 Total Sales

    Jan Brewer
    Section Image
  • Kyle Killebrew

    Buyer's Agent in 2019

    Kyle Killebrew

    The Real Estate Group, Inc.

    (217) 321-8210

    1,982 Total Sales

    Kyle Killebrew
    Section Image
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Map

Source: RMLS Alliance

MLS Number: RMACA176095

RMLS Alliance

APN: 14-25.0-356-016

Illinois Sangamon County Springfield 62702

2801 E Clear Lake Ave, Springfield, IL

Not Listed for Sale

MultiFamily

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