NOT LISTED FOR SALE

2942 S 5th St Southern View, IL 62703

Estimated Value: $139,000 - $182,130

5 Beds
3 Baths
2,862 Sq Ft
$56/Sq Ft Est. Value

Last Sold February 29, 2024

Last sale price $157,000 $55 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $1,270/month

52 Days on Market

About This Home

As of February 2024

Great brick investment property with 5 bedrooms and 3 full bathrooms. Front unit is a 3 bed 1 bath unit with a full unfinished basement and has a 1 car garage. The back unit has 2 bedrooms, 2 full bathrooms, sits on a slab, and has a 1 car garage. Great location! Near the interstate, grocery stores, restaurants, and lots more. Beautiful brick property, come check it out. Will not last long. Please give 24 hour notice for all showings.

Last Listed By

Jerry George

The Real Estate Group, Inc. Brokerage Phone: 217-638-1360 License #475159363 Listed on: 11/17/2023

The Real Estate Group, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,490

Year Built

  • Built in 1955

Lot Details

  • Lot Dimensions are 149x50
  • Level Lot

Home Design

  • Block Foundation
  • Shingle Roof

Interior Spaces

  • 2,862 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Parking

  • 2 Parking Spaces
  • On-Street Parking

Schools

  • Springfield District #186 High School

Utilities

  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 22-09.0-432-006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,490

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Residential Income
  • Year Built: 1955
  • New Construction: No
  • Structure Type: Other
  • PricePerSqFt: 54.86
  • Attribution Contact: Pref: 217-638-1360
  • Special Features: None

Interior Features

  • Basement: Full, Unfinished
  • Interior Amenities: Cable Available

Exterior Features

  • Lot Features: Level
  • Road Surface Type: Paved
  • Construction Type: Brick
  • Foundation Details: Block
  • Roof: Shingle
  • 100YearPlain: No

Garage/Parking

  • Parking Features: On Street, Shared Garage/Stall
  • Total Parking Spaces: 2

Utilities

  • Heating: Gas, Central Air, Gas Water Heater
  • Laundry Features: Units Hook-Ups
  • Water Source: Public Sewer, Public, Sump Pump
  • GasExpense: 0
  • NumberOfWaterHeaters: 2
  • NumberOfHeatingUnits: 2
  • NumberOfCentralAirUnits: 2
  • NumberOfGasMeters: 2
  • NumberOfElectricMeters: 2
  • NumberofWaterMeters: 2
  • NumberOfRanges: 2
  • NumberofRefrigerators: 2
  • NumberOfWashers: 2
  • NumberOfDryers: 2
  • NumberOfDishwashers: 1
  • NumberOfWindowUnits: 0

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • AdvertisingExpense: 0

Schools

  • High School: Springfield District #186

Lot Info

  • Lot Size: 149x50
  • Parcel #: 22-09.0-432-006

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 4306.76
  • TaxExemptions: None

Multi Family

  • Number Of Units Total: 2
  • Annual Operating Expense: 620

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 5, 2024
Sold by
Adekola Henry O
Bought by
Adekola Henry O and Adekola Oritsegbubemi
Total Days on Market
52
Current Estimated Value
$161,533

Purchase Details

Listed on
Nov 17, 2023
Closed on
Mar 6, 2024
Sold by
Springfield Il Properties Inc
Bought by
Adekola Henry O
Seller's Agent
Jerry George
The Real Estate Group, Inc.
Buyer's Agent
JULIE DAVIS
The Real Estate Group, Inc.
List Price
$169,900
Sold Price
$157,000
Premium/Discount to List
-$12,900
-7.59%
Views
4140

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.45%
Original Mortgage
$117,750
Interest Rate
7.13%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 7, 2023
Closed on
Jun 15, 2023
Sold by
Wilmarth Renewals Llc
Bought by
Springfield Il Properties Llc
Seller's Agent
Clayton Yates
The Real Estate Group, Inc.
Buyer's Agent
Jerry George
The Real Estate Group, Inc.
List Price
$159,900
Sold Price
$147,000
Premium/Discount to List
-$12,900
-8.07%
Views
21

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.46%

Purchase Details

Listed on
Apr 7, 2023
Closed on
May 9, 2023
Sold by
Wilmarth Renewals Llc
Bought by
Springfield Property Llc
Seller's Agent
Clayton Yates
The Real Estate Group, Inc.
Buyer's Agent
Jerry George
The Real Estate Group, Inc.
List Price
$159,900
Sold Price
$147,000
Premium/Discount to List
-$12,900
-8.07%
Views
21

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
6.65%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 7, 2023
Closed on
Apr 14, 2023
Sold by
Jj10 Properties Llc
Bought by
Wilmarth Renewals Llc
Seller's Agent
Clayton Yates
The Real Estate Group, Inc.
Buyer's Agent
Jerry George
The Real Estate Group, Inc.
List Price
$159,900
Sold Price
$147,000
Premium/Discount to List
-$12,900
-8.07%
Views
21

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
6.65%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 7, 2023
Closed on
Apr 13, 2023
Sold by
R & R Properties Of Springfield Llc
Bought by
Jj10 Properties Llc
Seller's Agent
Clayton Yates
The Real Estate Group, Inc.
Buyer's Agent
Jerry George
The Real Estate Group, Inc.
List Price
$159,900
Sold Price
$147,000
Premium/Discount to List
-$12,900
-8.07%
Views
21

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
6.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 13, 2006

Purchase Details

Closed on
May 4, 2001

Purchase Details

Closed on
Mar 12, 1996

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
Adekola Henry O -- None Listed On Document
Adekola Henry O $157,000 None Listed On Document
Springfield Property Llc $147,000 None Listed On Document
Wilmarth Renewals Llc $155,000 None Listed On Document
Jj10 Properties Llc $558,000 None Listed On Document
-- $106,000 --
-- -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Adekola Henry O $117,750
Previous Owner Wilmarth Renewals Llc $116,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/29/2024 02/29/24 Sold $157,000 0.0% $55 / Sq Ft
02/09/2024 02/09/24 Off Market $157,000 -- --
11/17/2023 11/17/23 For Sale $169,900 +15.6% $59 / Sq Ft
05/08/2023 05/08/23 Sold $147,000 -8.1% $64 / Sq Ft
04/26/2023 04/26/23 Pending -- -- --
04/24/2023 04/24/23 For Sale $159,900 -- $70 / 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
2023 $4,490 $51,218 $5,909 $45,309
2022 $4,307 $48,470 $5,592 $42,878
2021 $4,187 $46,570 $5,373 $41,197
2020 $4,042 $46,064 $5,315 $40,749
2019 $3,900 $45,258 $5,222 $40,036
2018 $3,765 $45,065 $5,200 $39,865
2017 $3,678 $44,373 $5,120 $39,253
2016 $3,566 $43,228 $4,988 $38,240
2015 $3,500 $42,252 $4,875 $37,377
2014 $3,442 $41,900 $4,834 $37,066
2013 $3,390 $42,349 $4,886 $37,463
Source: Public Records

Agents Affiliated with this Home

  • Jerry George

    Seller's Agent in 2024

    Jerry George

    The Real Estate Group, Inc.

    (217) 638-1360

    839 Total Sales

    Jerry George
    Section Image
  • Inar Kattom

    Seller Co-Listing Agent in 2024

    Inar Kattom

    The Real Estate Group, Inc.

    (217) 891-9304

    1 Total Sale

    Inar Kattom
    Section Image
  • JULIE DAVIS

    Buyer's Agent in 2024

    JULIE DAVIS

    The Real Estate Group, Inc.

    (217) 836-3123

    454 Total Sales

    JULIE DAVIS
    Section Image
  • Clayton Yates

    Seller's Agent in 2023

    Clayton Yates

    The Real Estate Group, Inc.

    (217) 371-1370

    440 Total Sales

    Clayton Yates
    Section Image
See All Agents

Map

Source: RMLS Alliance

MLS Number: CA1026070

RMLS Alliance

APN: 22-09.0-432-006

Illinois Sangamon County Southern View 62703

2942 S 5th St, Southern View, IL

Homes for Sale in Southern View, IL

This home is located at 2942 S 5th St, Southern View, IL 62703 since 17 November 2023 and is currently estimated at $161,533, approximately $56 per square foot. This property was built in 1955. 2942 S 5th St is a home located in Sangamon County with nearby schools including Southern View Elementary School, Jefferson Middle School, and Springfield Southeast 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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