$147,000
SOLD MAY 8, 2023

2942 S 5th St Southern View, IL 62703

5 Beds
3 Baths
2,294 Sq Ft
7,449 Sq Ft Lot

Recently Sold

$64 Per Sq Ft

8% Below List Price

2 Days on Market

Highlights

  • Deck
  • No HOA
  • Eat-In Kitchen
  • Ranch Style House
  • 2 Car Detached Garage
  • Forced Air Heating System

About This Home

As of February 2024

Excellent investment opportunity with tenants in place paying $1,695/mo! Great floorplans & location! Close to restaurants, grocery stores, interstate access and just a few minutes to downtown amenities. The front unit (2942 S 5th) is 1062 sq. ft, 3 bed, 1 bath on full basement. The back unit (2944 S 5th) is 1072 sq. ft, 2 bed, 2 bath on slab. 2 Car all brick garage too.

Last Agent to Sell the Property

Clayton Yates

The Real Estate Group, Inc. License #475160796 Listed on: 04/07/2023

The Real Estate Group, Inc.

Last Buyer's Agent

Jerry George

The Real Estate Group, Inc. License #475159363

The Real Estate Group, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,579

Year Built

  • Built in 1955

Parking

  • 2 Car Detached Garage

Home Design

  • Ranch Style House
  • Block Foundation
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 2,294 Sq Ft Home
  • Wood Burning Fireplace
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Schools

  • Springfield Southeast High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Additional Features

  • Deck
  • Lot Dimensions are 152x51

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 22090432006

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,579

Year Built

Built in 1955

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1955
  • Architectural Style: Ranch
  • New Construction: No
  • PricePerSqFt: 64.08
  • Age55PlusDevelopment: No
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Range/Oven, Refrigerator
  • Basement: Full, None
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Living Area: 2294
  • TotalBasementSqFt: 1144
  • KitchenDining: Eat-In Kitchen

Exterior Features

  • Lot Features: Other
  • Construction Type: Brick
  • Exterior Features: Deck
  • Foundation Details: Block, Slab
  • Roof: Shingle
  • 100YearPlain: No

Garage/Parking

  • Garage Yn: Yes
  • Garage Spaces: 2
  • Parking Features: Detached

Utilities

  • Heating: Gas, Forced Air, Central Air
  • Water Source: Public Sewer, Public

Condo/Co-op/Association

  • MandatoryMonthlyFee: No
  • MandatoryAnnualFee: No

Schools

  • High School: Springfield Southeast

Lot Info

  • Lot Size: 152x51
  • Parcel #: 22090432006

Tax Info

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

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
Current Estimated Value
$159,468

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
4347

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.11%
Original Mortgage
$117,750
Interest Rate
7.13%
Mortgage Type
New Conventional

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.
Avg. Annual Appreciation
8.46%
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
Source: Public Records

Similar Home in the area

  • 3240 S 1st St Unit 1, Springfield, IL 62703

    $129,900

    • 2 Beds
    • 1 Bath
    • 1,314 Sq Ft
    • 3240 S 1st St
    • Unit 1
    • Springfield, IL

    Welcome to this well-maintained gem that oozes character and comfort from the moment you pull into the long drive! Nestled far back on a quiet road in Southern View, this delightful 2-bedroom, 1 bath home gives off serious garden cottage vibes with lovely landscaping and a cozy, inviting feel. Step inside to find a spacious living room anchored by a beautiful fireplace -perfect for curling up

    Megan Pressnall The Real Estate Group, Inc.

    Section Image

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Warranty Deed $157,000 None Listed On Document
Special Warranty Deed $147,000 None Listed On Document
Warranty Deed $155,000 None Listed On Document
Warranty Deed $558,000 None Listed On Document
Deed $106,000 --
Deed -- --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $117,750 New Conventional
Previous Owner $116,000 New Conventional
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
2024 $4,579 $55,316 $6,382 $48,934
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

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Map

Source: RMLS Alliance

MLS Number: CA1021411

RMLS Alliance

APN: 22-09.0-432-006