NOT LISTED FOR SALE

316 Magnolia Dr Unit 1 Springfield, IL 62702

Estimated Value: $71,000 - $112,000

2 Beds
1 Bath
826 Sq Ft
$114/Sq Ft Est. Value

Last Sold June 27, 2024

Last sale price $90,000 $109 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $628/month

8 Days on Market

Highlights

  • Ranch Style House
  • No HOA
  • 1 Car Detached Garage
  • 1 Fireplace
  • Fenced Yard
  • Eat-In Kitchen

About This Home

As of June 2024

Welcome to your next venture – a 2-bed, 1-bath ranch style house that's not just a home, but a thriving Airbnb! Nestled in Springfield, this property boasts excellent booking rates, making it a profitable venture for savvy investors or a cozy haven for owner-occupiers. Step into a fully furnished retreat where every detail has been thoughtfully curated. From the furniture to modern appliances, from sleek TVs to gaming devices, this home offers a turnkey solution for those seeking both comfort and convenience. Say goodbye to the hassle of moving in – this house comes complete with kitchen tools, bedding, and decor, ensuring a seamless transition. Outside, discover a fenced yard offering privacy and security, perfect for enjoying sunny days or hosting outdoor gatherings. Plus, with a 1-car detached garage, you have ample space for parking or additional storage. Whether you're looking to capitalize on the lucrative Airbnb market or seeking a cozy abode to call your own, this property offers the best of both worlds. Don't miss your chance to own a piece of serenity and success – schedule a viewing today!

Last Agent to Sell the Property

Cynthia Grady

The Real Estate Group, Inc. Brokerage Phone: 217-638-7653 License #471010585 Listed on: 05/15/2024

Last Buyer's Agent

JAMI WINCHESTER

The Real Estate Group, Inc. License #475109074

The Real Estate Group, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,577

Year Built

  • Built in 1962

Lot Details

  • Lot Dimensions are 20 x 177
  • Fenced Yard
  • Level Lot

Parking

  • 1 Car Detached Garage

Home Design

  • Ranch Style House
  • Block Foundation
  • Composition Roof
  • Steel Siding

Interior Spaces

  • 826 Sq Ft Home
  • Ceiling Fan
  • 1 Fireplace
  • Blinds
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Schools

  • Feitshans Elementary School
  • Washington Middle School
  • Lanphier High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 14250377044

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,577

Year Built

Built in 1962

Lot Details

0

Parking

1

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1962
  • Architectural Style: Ranch
  • New Construction: No
  • Attribution Contact: Mobl: 217-638-7653
  • Special Features: None

Interior Features

  • Appliances: Dryer, Range/Oven, Refrigerator, Washer
  • Basement: Crawl Space
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplaces: 1
  • Interior Amenities: Blinds, Ceiling Fan(s)
  • Living Area: 826
  • KitchenDining: Eat-In Kitchen

Exterior Features

  • Lot Features: Level
  • Road Surface Type: Paved
  • Construction Type: Steel Siding
  • Exterior Features: Fenced Yard
  • Foundation Details: Block
  • Roof: Composition
  • 100YearPlain: No

Garage/Parking

  • Garage Yn: Yes
  • Garage Spaces: 1
  • Parking Features: Detached, Paved

Utilities

  • Heating: Gas, Forced Air, Electric Water Heater, Central Air
  • Water Source: Public Sewer, Public
  • UtilitiesOnYN: Yes

Condo/Co-op/Association

  • Senior Community: No
  • MandatoryMonthlyFee: No
  • MandatoryAnnualFee: No

Schools

  • Elementary School: Feitshans
  • High School: Lanphier High School
  • Middle Or Junior School: Washington

Lot Info

  • Lot Size: 20 x 177
  • Parcel #: 14250377044

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 1577
  • TaxExemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2024
Closed on
Jun 26, 2024
Sold by
Kumar Roshan
Bought by
Martin Jayme
Seller's Agent
Cynthia Grady
The Real Estate Group, Inc.
Buyer's Agent
JAMI WINCHESTER
The Real Estate Group, Inc.
List Price
$92,000
Sold Price
$90,000
Premium/Discount to List
-$2,000
-2.17%
Views
18
Current Estimated Value
$94,014

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,014
Avg. Annual Appreciation
2.91%
Original Mortgage
$88,369
Outstanding Balance
$87,316
Interest Rate
7%
Mortgage Type
FHA
Estimated Equity
$6,698

Purchase Details

Closed on
Sep 27, 2021
Sold by
Nrz Pass-Through Trust
Bought by
Kumar Roshan

Purchase Details

Closed on
Mar 10, 2021
Sold by
Sheriff Of Sangamon County
Bought by
Structured Asset Securities Co

Purchase Details

Closed on
May 28, 2004

Purchase Details

Closed on
Nov 21, 2002
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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Purchase History

Date Buyer Sale Price Title Company
Martin Jayme $90,000 None Listed On Document
Kumar Roshan $35,000 None Listed On Document
Nrz Pass-Through Trust -- None Listed On Document
Structured Asset Securities Co $38,000 Il Post Sale Logs Legal Group
-- $43,500 --
-- $39,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martin Jayme $88,369
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/27/2024 06/27/24 Sold $90,000 -2.2% $109 / Sq Ft
05/15/2024 05/15/24 For Sale $92,000 +162.9% $111 / Sq Ft
07/19/2021 07/19/21 Sold $35,000 -10.9% $41 / Sq Ft View Prior Sale
06/26/2021 06/26/21 Pending -- -- --
06/15/2021 06/15/21 For Sale $39,300 -- $46 / 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 $1,642 $19,570 $2,817 $16,753
2023 $1,578 $17,730 $2,552 $15,178
2022 $1,521 $16,877 $2,429 $14,448
2021 $1,407 $15,476 $2,227 $13,249
2020 $1,364 $15,387 $2,214 $13,173
2019 $1,333 $15,329 $2,206 $13,123
2018 $272 $15,620 $2,248 $13,372
2017 $270 $15,145 $2,180 $12,965
2016 $270 $14,296 $2,058 $12,238
2015 $271 $14,231 $2,049 $12,182
2014 $298 $14,692 $2,115 $12,577
2013 $289 $15,518 $2,234 $13,284
Source: Public Records

Agents Affiliated with this Home

  • Cynthia Grady

    Seller's Agent in 2024

    Cynthia Grady

    The Real Estate Group, Inc.

    (217) 638-7653

    377 Total Sales

    Cynthia Grady
    Section Image
  • JAMI WINCHESTER

    Buyer's Agent in 2024

    JAMI WINCHESTER

    The Real Estate Group, Inc.

    (217) 306-1000

    1,411 Total Sales

    JAMI WINCHESTER
    Section Image
  • Val Laborevitch

    Seller's Agent in 2021

    Val Laborevitch

    Realhome Services & Solutions, Inc.

    (847) 830-1129

    672 Total Sales

    Val Laborevitch
    Section Image

  • N

    Buyer's Agent in 2021

    Non Member

    NON MEMBER

See All Agents

Map

Source: RMLS Alliance

MLS Number: CA1029194

RMLS Alliance

APN: 14-25.0-377-044

Illinois Sangamon County Springfield 62702

316 Magnolia Dr Unit 1, Springfield, IL

Not Listed for Sale

Detached

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