NOT LISTED FOR SALE

314 E Adams St Springfield, IL 62701

Downtown Springfield Neighborhood

Estimated Value: $441,414

-- Bed
1 Bath
4,800 Sq Ft
$92/Sq Ft Est. Value

Last Sold March 01, 2018

Last sale price $280,000 $58 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $3,256/month

318 Days on Market

About This Home

As of March 2018

Need live/work space? This building was totally rehabbed inside and out in 2006. Two upscale town home units on the 2nd and 3rd floors (approx 1450 SQFT each, 2 bed 1.5 bath each). First floor is currently leased (month to month) as a hair salon. It has been surveyed for the possibility of condos and is fully leased. Each of the 3 tenants pay $1,200/month for $3,600 income. Broker owned.

Last Agent to Sell the Property

Ronald Duff

RE/MAX Professionals License #471001747 Listed on: 04/11/2017

RE/MAX Professionals

Last Buyer's Agent

Peter Praia

Springfield Real Estate, LLC License #475104303

Property Details

Property Type

Other

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Land & Farm
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Price Per Sq Ft: 58.33
  • Total Sq Ft: 4800

Lot Info

  • Zoning: S-3
  • Geo Subdivision: IL

Rental Info

  • Lease Dollar Sq Ft: 2
  • Sale Lease Includes: Building, Business

Tax Info

  • Parcel Id Number Tax Id: 14340106008

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 19, 2021
Sold by
Seminary 27 Llc
Bought by
Lexah Inc
Current Estimated Value
$441,414

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,000
Outstanding Balance
$243,168
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$198,246

Purchase Details

Closed on
May 14, 2020
Sold by
Mailey Brian A
Bought by
Seminary 27 Llc

Purchase Details

Listed on
Apr 11, 2017
Closed on
Feb 15, 2018
Sold by
East Adams Llc
Bought by
Mailey Brian A
Seller's Agent
Ronald Duff
RE/MAX Professionals
Buyer's Agent
Peter Praia
Springfield Real Estate, LLC
List Price
$378,000
Sold Price
$280,000
Premium/Discount to List
-$98,000
-25.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.98%
Original Mortgage
$246,400
Interest Rate
3.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 1, 2006

Purchase Details

Closed on
Aug 2, 2004

Purchase Details

Closed on
Dec 14, 1995

Purchase Details

Closed on
Nov 22, 1995
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Lexah Inc $335,000 Sayad Law Group Ltd
Seminary 27 Llc -- Fernandes David A
Mailey Brian A $305,000 Illinois Real Estate Title Cen
-- -- --
-- $225,000 --
-- -- --
-- $185,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lexah Inc $268,000
Previous Owner Mailey Brian A $246,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/01/2018 03/01/18 Sold $280,000 -25.9% $58 / Sq Ft
02/23/2018 02/23/18 Pending -- -- --
04/11/2017 04/11/17 For Sale $378,000 -- $79 / 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 $11,331 $134,896 $13,930 $120,966
2023 $10,894 $123,215 $12,724 $110,491
2022 $10,474 $116,880 $12,070 $104,810
2021 $7,945 $88,268 $11,619 $76,649
2020 $7,787 $88,400 $11,636 $76,764
2019 $7,642 $88,091 $11,595 $76,496
2018 $8,251 $97,656 $11,539 $86,117
2017 $8,080 $96,393 $11,390 $85,003
2016 $7,922 $94,987 $11,224 $83,763
2015 $7,845 $93,852 $11,090 $82,762
2014 $7,727 $93,246 $11,018 $82,228
2013 $7,555 $93,246 $11,018 $82,228
Source: Public Records

Agents Affiliated with this Home

  • Ronald Duff

    Seller's Agent in 2018

    Ronald Duff

    RE/MAX Professionals

    (217) 652-6025

    73 Total Sales

    Ronald Duff
    Section Image

  • P

    Buyer's Agent in 2018

    Peter Praia

    Springfield Real Estate, LLC

    (217) 652-4295

    10 Total Sales

    Peter Praia
    Section Image
See All Agents

Map

Source: RMLS Alliance

MLS Number: RMACA172123

RMLS Alliance

APN: 14-34.0-106-008

Illinois Sangamon County Springfield 62701 Downtown Springfield

314 E Adams St, Springfield, IL

Not Listed for Sale

Other

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.

Nearby Homes