NOT LISTED FOR SALE

3001 E Sangamon Ave Springfield, IL 62702

Estimated Value: $109,199

-- Bed
-- Bath
-- Sq Ft
0.45 Acres

Last Sold January 28, 2021

Last sale price $75,500

Est. 45% increase in value since last sale

Current estimated payment $765/month

254 Days on Market

About This Home

As of January 2021

Amazing opportunity to own and operate an extremely profitable business without the typical headaches owning a business can bring! You won't need to hire a hundred employees or try to find a niche in any market. Car Washes will continue to be a necessity no matter what the future brings! Endless potential exists in this and a second location across town being offered at an equally aggressive asking price. Combined (3230 Clear Lake & 3001 Sangamon) seller has paid over 1.5 million & each property has potential to increase cash flow ten fold! 2 Inch Water Lines, 3 Phase Electric, on demand h20 heaters & more. A little re-vamping & these money makers can be producing income directly into your pocket in no time! Both are located in extremely high traffic areas, & the one on Clear Lake sits behind the highest producing Walgreens in it's district! These commercial lots are in high demand; finding one w/a proven successful business sitting on it at this price? Impossible! And there are two!!!

Last Agent to Sell the Property

Kyle Killebrew

The Real Estate Group, Inc. License #475109198 Listed on: 05/15/2020

The Real Estate Group, Inc.

Last Buyer's Agent

Kyle Killebrew

The Real Estate Group, Inc. License #475109198 Listed on: 05/15/2020

The Real Estate Group, Inc.

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $3,520

Lot Details

  • 0.45

Listing and Financial Details

  • The owner pays for all

Property Details

Property Type

Other

Est. Annual Taxes

$3,520

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Investment
  • Lvt Date: 10/01/2020
  • Flood Insurance: Unknown
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete
  • Total Building Sq Ft: 1600

Exterior Features

  • Exterior Finish: Block
  • Frontage Access: Paved 4Lane, City Street
  • Insulation: Other Insulation
  • Roof Construction: Membrane
  • Wall Construction: Block, Masonry

Utilities

  • Electric Company: CWLP
  • Cooling: None
  • Heating: None
  • Water Supply: City Available
  • Gas Company: Ameren
  • Water Company: CWLP

Lot Info

  • Estimated Number of Acres: 0.45
  • Zoning: B-1
  • Estimated Land Size: 113 x 173
  • Geo Subdivision: IL
  • Irregular Lot: No
  • Property Use: Other Property Use, Vehicle Related

Rental Info

  • Owner Pays: All
  • Sale Lease Includes: Building, Business, Land

Tax Info

  • Annual Taxes: 3520
  • Parcel Id Number Tax Id: 14130376026
  • Tax Incentive: None
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2020
Closed on
Feb 3, 2021
Sold by
Wash Stop Llc
Bought by
Hussein Abdallah and Hussein Susan
Seller's Agent
Kyle Killebrew
The Real Estate Group, Inc.
Buyer's Agent
Kyle Killebrew
The Real Estate Group, Inc.
List Price
$129,900
Sold Price
$75,500
Premium/Discount to List
-$54,400
-41.88%
Current Estimated Value
$109,199

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,699
Avg. Annual Appreciation
7.81%

Purchase Details

Closed on
Jan 6, 2016

Purchase Details

Closed on
Apr 5, 2000

Purchase Details

Closed on
Mar 14, 2000

Purchase Details

Closed on
Dec 15, 1997
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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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
Hussein Abdallah $75,500 Cornerstone Title
-- -- --
-- $670,000 --
-- $23,600 --
-- $600,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/28/2021 01/28/21 Sold $75,500 -39.6% --
01/24/2021 01/24/21 Pending -- -- --
01/22/2021 01/22/21 Price Changed $124,900 -3.8% --
01/21/2021 01/21/21 For Sale $129,900 +72.1% --
12/01/2020 12/01/20 Off Market $75,500 -- --
05/15/2020 05/15/20 For Sale $129,900 -- --
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 $2,313 $27,537 $12,780 $14,757
2023 $2,224 $25,152 $11,673 $13,479
2022 $2,138 $23,859 $11,073 $12,786
2021 $2,067 $22,965 $10,658 $12,307
2020 $3,676 $41,733 $10,674 $31,059
2019 $4,051 $46,694 $29,744 $16,950
2018 $5,632 $66,662 $29,568 $37,094
2017 $9,597 $114,484 $29,186 $85,298
2016 $9,408 $112,814 $28,760 $84,054
2015 $9,317 $111,465 $28,416 $83,049
2014 $9,177 $110,745 $28,232 $82,513
2013 $8,973 $110,745 $28,232 $82,513
Source: Public Records

Agents Affiliated with this Home

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Map

Source: RMLS Alliance

MLS Number: RMACA1002861

RMLS Alliance

APN: 14-13.0-376-026