NOT LISTED FOR SALE

2926 College Ave Alton, IL 62002

Estimated Value: $118,306 - $124,000

-- Bed
3 Baths
1,216 Sq Ft
$100/Sq Ft Est. Value

Last Sold April 14, 2023

Last sale price $96,500 $79 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $834/month

5 Days on Market

About This Home

As of April 2023

Turnkey 3-unit located right next to SIUE Dental School. Fully occupied with tenants that want to stay. Electrical meters in place to break out all utilities to individual units with new lease agreements. Seller would like to sell with 2922 College- MLS#23009712.

Property to be SOLD AS IS. Seller to make no repairs.

Last Agent to Sell the Property

Jason Jackson

Tarrant and Harman Real Estate and Auction Co License #475187519 Listed on: 02/27/2023

Tarrant and Harman Real Estate and Auction Co

Last Buyer's Agent

Antione Lawrence

Hybrid Real Estate License #471.021757

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,392

Lot Details

  • 7,545 Sq Ft Lot

Parking

  • Off-Street Parking

Home Design

  • 1,216 Sq Ft Home
  • Duplex
  • Vinyl Siding

Schools

  • Alton Dist 11 Elementary And Middle School
  • Alton High School

Utilities

  • 3+ Cooling Systems Mounted To A Wall/Window
  • Forced Air Heating System
  • Heating System Uses Gas
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for electric, gas, water
  • Assessor Parcel Number 23-2-08-07-07-201-040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,392

Lot Details

0

Listing Details

  • Property Type: Multi-Family 2-4
  • Special Description: No Exemptions
  • Year Built Exception: Unknown
  • Directions: Located on College next to SIUE Dental School.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Square Footage: 1216

Exterior Features

  • Construction: Vinyl Siding

Garage/Parking

  • Parking: Off Street

Utilities

  • Sewer: Public
  • Water: Public
  • Water Heater: Electric
  • Cooling: 3 Plus Window/Wall
  • Heating: Forced Air

Schools

  • Elementary School: ALTON DIST 11
  • Junior High School: ALTON DIST 11
  • School District: Alton DIST 11
  • Senior High School: Alton

Lot Info

  • Lot Dimensions: 50.3 X 150 X IRR
  • Lot Sq Ft: 7545
  • Acres: 0.1732

Rental Info

  • Tenancy Type: Month To Month
  • Tenant Pays: Electric, Gas, Water

Multi Family

  • Gross Operating Income: 18000.00
  • Units: 3
  • Total Expenses: 4268.00
  • Type Of Units: 2-Family

Tax Info

  • Taxes Paid: 2068
  • Assessor Parcel Number: 23-2-08-07-07-201-040

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2023
Closed on
Apr 14, 2023
Sold by
Trill Properties Llc
Bought by
Norfleet Gershom
Seller's Agent
Jason Jackson
Tarrant and Harman Real Estate and Auction Co
Buyer's Agent
Antione Lawrence
Hybrid Real Estate
List Price
$99,000
Sold Price
$96,500
Premium/Discount to List
-$2,500
-2.53%
Views
20
Current Estimated Value
$121,327

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,827
Avg. Annual Appreciation
9.39%
Original Mortgage
$72,375
Outstanding Balance
$70,714
Interest Rate
7.63%
Mortgage Type
New Conventional
Estimated Equity
$50,613

Purchase Details

Listed on
Jun 7, 2016
Closed on
Feb 20, 2017
Sold by
Mcnamara Michael and Mcnamara Rachel
Bought by
Trill Properties Llc
Seller's Agent
Lisa Funk
RE/MAX Alliance
Buyer's Agent
Lisa Funk
RE/MAX Alliance
List Price
$76,500
Sold Price
$67,500
Premium/Discount to List
-$9,000
-11.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.00%
Original Mortgage
$58,000
Interest Rate
4.19%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 2, 2012
Sold by
Ramsey Phil
Bought by
Mcnamara Micahel and Mcnamara Rachel

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
3.89%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 10, 2005
Sold by
Batchelor Stephen D and Batchelor Barbara J
Bought by
Ramsey Phil
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
Norfleet Gershom $96,500 Serenity Title & Escrow
Trill Properties Llc $67,500 Serenity Title & Escrow
Mcnamara Micahel $74,666 Serenity Title & Escrow Ltd
Ramsey Phil $65,000 Serenity Title & Escrow Ltd
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Norfleet Gershom $72,375
Previous Owner Trill Properties Llc $58,000
Previous Owner Mcnamara Micahel $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/14/2023 04/14/23 Sold $96,500 -2.5% $79 / Sq Ft
03/05/2023 03/05/23 Pending -- -- --
02/27/2023 02/27/23 For Sale $99,000 +46.7% $81 / Sq Ft
02/28/2017 02/28/17 Sold $67,500 -10.0% $55 / Sq Ft View Prior Sale
01/30/2017 01/30/17 Pending -- -- --
01/09/2017 01/09/17 Price Changed $75,000 -2.0% $62 / Sq Ft
12/07/2016 12/07/16 For Sale $76,500 +13.3% $63 / Sq Ft
12/07/2016 12/07/16 Off Market $67,500 -- --
11/22/2016 11/22/16 Price Changed $76,500 -3.2% $63 / Sq Ft
07/12/2016 07/12/16 Price Changed $79,000 -1.3% $65 / Sq Ft
06/07/2016 06/07/16 For Sale $80,000 -- $66 / Sq Ft
Source: MARIS MLS

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 $2,392 $29,430 $2,830 $26,600
2023 $2,392 $26,580 $2,560 $24,020
2022 $2,248 $24,020 $2,310 $21,710
2021 $2,068 $22,570 $2,170 $20,400
2020 $2,019 $21,760 $2,090 $19,670
2019 $2,088 $21,260 $2,040 $19,220
2018 $2,032 $20,710 $1,990 $18,720
2017 $2,004 $20,710 $1,990 $18,720
2016 $1,964 $20,710 $1,990 $18,720
2015 $1,866 $20,710 $1,990 $18,720
2014 $1,866 $20,710 $1,990 $18,720
2013 $1,866 $21,270 $2,040 $19,230
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MARIS MLS

MLS Number: MIS23009710

MARIS MLS

APN: 23-2-08-07-07-201-040