NOT LISTED FOR SALE

310 N Merchant St Effingham, IL 62401

Estimated Value: $174,000 - $376,000

1 Bed
2 Baths
1,792 Sq Ft
$133/Sq Ft Est. Value

Last Sold June 30, 2023

Last sale price $182,000 $102 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $1,539/month

8 Days on Market

About This Home

As of June 2023

Newly remodeled duplex units both leased. Unit A is leased for $1000 and has 960 sq ft. It also includes W/D. Unit B is leased for $800 and has 832 sq ft. Possibilities are endless for North lot with a Carport, Screened in Porch, and back building that could be converted to an Efficiency unit.

Last Agent to Sell the Property

Keith Hartman

RE/MAX Key Advantage License #475162306 Listed on: 05/11/2023

RE/MAX Key Advantage

Last Buyer's Agent

Non Member

Central Illinois Board of REALTORS License ##N/A

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,853

Year Built

  • Built in 1960

Lot Details

  • 0.28

Parking

  • 3 Carport Spaces

Home Design

  • Duplex
  • Brick Exterior Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,792 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Kitchen

  • Range
  • Microwave

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Additional Features

  • Outbuilding
  • 0.28 Acre Lot

Community Details

  • 2 Units
  • County Clerk Add Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • The owner pays for exterior maintenance, grounds care
  • Assessor Parcel Number 0316018013

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,853

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Above Grade Finished Sq Ft: 1792.0
  • Directions: Three blocks north of Downtown on Merchant St.
  • Lot Size Acres: 0.28
  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Road Surface Type: Concrete
  • Building Stories: 1
  • Subdivision Name: County Clerk Add
  • Year Built: 1960
  • Architectural Style: Ranch
  • Carport Y N: Yes
  • Garage Yn: No
  • Unit Levels: One
  • Property Sub Type Additional: Duplex
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Gas Water Heater, Microwave, Range, Refrigerator
  • Has Basement: Crawl Space
  • Owner Pays: Exterior Maintenance, Grounds Care
  • Stories: 1
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Brick, Vinyl Siding
  • Roof: Shingle
  • Waterfront: No
  • Foundation Details: Crawlspace
  • Other Structures: Outbuilding

Garage/Parking

  • Carport Spaces: 3.0

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Gas
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer

Schools

  • Junior High Dist: Effingham Dist. 40

Lot Info

  • Lot Size Sq Ft: 12197.0
  • Parcel #: 0316018013
  • Zoning: R-3
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 2853.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2023
Closed on
Jun 30, 2023
Sold by
Mathews James P
Bought by
Tnld Properties Llc
Seller's Agent
Keith Hartman
RE/MAX Key Advantage
Buyer's Agent
Non Member
Central Illinois Board of REALTORS
List Price
$189,900
Sold Price
$182,000
Premium/Discount to List
-$7,900
-4.16%
Current Estimated Value
$237,837

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,837
Avg. Annual Appreciation
11.69%
Original Mortgage
$145,600
Outstanding Balance
$142,621
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$88,707

Purchase Details

Closed on
Oct 7, 2011
Sold by
Wallace Erick P and Wallace Leann R
Bought by
Matthews James P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,000
Interest Rate
4.25%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 24, 2007
Sold by
Shelton Delmar L
Bought by
Wallace Erick P and Wallace Leann R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,000
Interest Rate
6.25%
Mortgage Type
Unknown
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
Tnld Properties Llc $182,000 None Listed On Document
Matthews James P $92,000 None Available
Wallace Erick P $81,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tnld Properties Llc $145,600
Previous Owner Matthews James P $113,600
Previous Owner Matthews James P $74,000
Previous Owner Wallace Erick P $78,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2023 06/30/23 Sold $182,000 -4.2% $102 / Sq Ft
05/20/2023 05/20/23 Pending -- -- --
05/11/2023 05/11/23 For Sale $189,900 -- $106 / Sq Ft
Source: Central Illinois Board of REALTORS®

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 $2,947 $43,290 $10,190 $33,100
2022 $2,767 $39,720 $9,350 $30,370
2021 $2,853 $39,330 $9,260 $30,070
2020 $2,801 $38,220 $9,000 $29,220
2019 $2,748 $37,840 $8,910 $28,930
2018 $2,659 $36,390 $8,570 $27,820
2017 $2,613 $35,670 $8,400 $27,270
2016 $2,559 $34,640 $8,160 $26,480
2015 -- $33,630 $7,920 $25,710
2014 -- $32,650 $7,690 $24,960
2013 -- $32,010 $7,540 $24,470
2012 -- $31,540 $7,430 $24,110
Source: Public Records

Agents Affiliated with this Home

  • Keith Hartman

    Seller's Agent in 2023

    Keith Hartman

    RE/MAX

    (217) 821-7333

    315 Total Sales

    Keith Hartman
    Section Image

  • N

    Buyer's Agent in 2023

    Non Member

    Central Illinois Board of REALTORS

See All Agents

Map

Source: Central Illinois Board of REALTORS®

MLS Number: 6227259

APN: 0316018013

Illinois Effingham County Effingham 62401

310 N Merchant St, Effingham, IL

This home is located at 310 N Merchant St, Effingham, IL 62401 since 11 May 2023 and is currently estimated at $237,837, approximately $132 per square foot. This property was built in 1960. 310 N Merchant St is a home located in Effingham County with nearby schools including South Side Grade School, Early Learning Center, and Central Grade School.

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