NOT LISTED FOR SALE

316 E Adams St Springfield, IL 62701

Downtown Springfield Neighborhood

Estimated Value: $408,486

-- Bed
1 Bath
-- Sq Ft
1,830 Sq Ft Lot

Last Sold August 30, 2019

Last sale price $290,000

Est. 41% increase in value since last sale

Current estimated payment $2,871/month

5 Days on Market

About This Home

As of August 2019

This home is located at 316 E Adams St, Springfield, IL 62701 since 11 July 2019 and is currently estimated at $408,486. 316 E Adams St is a home located in Sangamon County with nearby schools including Elizabeth Graham Elementary School, U.S. Grant Middle School, and Springfield High School.

Last Agent to Sell the Property

Phil Chiles

Keller Williams Capital License #471018443 Listed on: 07/11/2019

Last Buyer's Agent

Phil Chiles

Keller Williams Capital License #471018443 Listed on: 07/11/2019

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $7,963

Lot Details

  • 1,830

Utilities

  • Heat Pump System

Property Details

Property Type

Other

Est. Annual Taxes

$7,963

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Investment
  • Lvt Date: 07/11/2019
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpeted, Tile/Vinyl, Wood

Exterior Features

  • Exterior Finish: Brick
  • Frontage Access: City Street
  • Insulation: Roof
  • Roof Construction: Membrane
  • Wall Construction: Brick

Utilities

  • Cooling: Heat Pump
  • Heating: Electric, Heat Pump

Lot Info

  • Zoning: Commercial
  • Geo Subdivision: IL

Rental Info

  • Lease Dollar Sq Ft: 8
  • Sale Lease Includes: Building, Land
  • Terms Lease: Yearly

Tax Info

  • Annual Taxes: 7963
  • Parcel Id Number Tax Id: 14340106009
  • Estimated Taxes Sq Ft: 2
  • Tax Incentive: None
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2019
Closed on
Sep 5, 2019
Sold by
Chiles Philip E and Chiles Peggy J
Bought by
Lexah Inc
Seller's Agent
Phil Chiles
Keller Williams Capital
Buyer's Agent
Phil Chiles
Keller Williams Capital
List Price
$300,000
Sold Price
$290,000
Premium/Discount to List
-$10,000
-3.33%
Current Estimated Value
$408,486

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,486
Avg. Annual Appreciation
5.55%
Original Mortgage
$232,000
Outstanding Balance
$203,629
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$204,857

Purchase Details

Listed on
Oct 23, 2015
Closed on
Apr 1, 2016
Seller's Agent
Bill Marriott
The Real Estate Group, Inc.
Buyer's Agent
Phil Chiles
Keller Williams Capital
List Price
$250,000
Sold Price
$225,000
Premium/Discount to List
-$25,000
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.73%

Purchase Details

Closed on
Mar 27, 2015

Purchase Details

Closed on
Aug 29, 2007

Purchase Details

Closed on
Aug 22, 2007

Purchase Details

Closed on
Aug 3, 2007

Purchase Details

Closed on
Jul 31, 2007

Purchase Details

Closed on
Jul 3, 2007

Purchase Details

Closed on
May 25, 2005

Purchase Details

Closed on
Nov 22, 1995
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
Lexah Inc $290,000 --
-- $225,000 --
-- -- --
-- -- --
-- -- --
-- -- --
-- -- --
-- -- --
-- -- --
-- $160,000 --
-- $185,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lexah Inc $232,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/30/2019 08/30/19 Sold $290,000 -3.3% --
07/16/2019 07/16/19 Pending -- -- --
07/11/2019 07/11/19 For Sale $300,000 +33.3% --
04/01/2016 04/01/16 Sold $225,000 -10.0% $45 / Sq Ft View Prior Sale
01/05/2016 01/05/16 Pending -- -- --
10/23/2015 10/23/15 For Sale $250,000 -- $50 / 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 $8,770 $104,413 $13,930 $90,483
2023 $8,432 $95,372 $12,724 $82,648
2022 $8,107 $90,469 $12,070 $78,399
2021 $7,838 $87,081 $11,618 $75,463
2020 $7,269 $82,515 $11,636 $70,879
2019 $7,134 $82,227 $11,595 $70,632
2018 $7,693 $91,054 $11,539 $79,515
2017 $7,534 $89,877 $11,390 $78,487
2016 $6,330 $75,907 $11,224 $64,683
2015 $7,174 $85,827 $11,090 $74,737
2014 $7,067 $85,272 $11,018 $74,254
2013 $6,909 $85,272 $11,018 $74,254
Source: Public Records

Agents Affiliated with this Home

  • Phil Chiles

    Seller's Agent in 2019

    Phil Chiles

    Keller Williams Capital

    (217) 306-7445

    254 Total Sales

    Phil Chiles
    Section Image
  • Bill Marriott

    Seller's Agent in 2016

    Bill Marriott

    The Real Estate Group, Inc.

    (217) 741-0198

    1 in this area

    29 Total Sales

    Bill Marriott
    Section Image
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Map

Source: RMLS Alliance

MLS Number: RMACA725

RMLS Alliance

APN: 14-34.0-106-009

Illinois Sangamon County Springfield 62701 Downtown Springfield

316 E Adams St, Springfield, IL

Not Listed for Sale

Other

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