NOT LISTED FOR SALE

316 Norwalk Rd Springfield, IL 62704

Estimated Value: $212,000 - $251,000

4 Beds
4 Baths
2,216 Sq Ft
$103/Sq Ft Est. Value

Last Sold September 16, 2022

Last sale price $190,000 $86 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $1,627/month

About This Home

As of September 2022

This well maintained and updated 2 bed, 2 bath duplex is located in a great westside location with easy access to shopping and bus routes. New main sewer line for both units. Roof, hardwood floors, updated kitchen with oak cabinets and tile floors all redone within the last 15 years. Larger side also features a family room with woodburning fireplace. Other improvements include windows, doors and some appliances. Unfinished basements. Both tenants are currently month to month. These units are under-rented and can easily bring a higher rent. Seller will give credit of $2,500 for new patios in back (had to remove a portion due to new sewer line).

Last Agent to Sell the Property

JAMI WINCHESTER

The Real Estate Group, Inc. License #475109074 Listed on: 06/15/2022

The Real Estate Group, Inc.

Last Buyer's Agent

Logan Frazier

The Real Estate Group, Inc. License #475192592

The Real Estate Group, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,589

Year Built

  • Built in 1973

Lot Details

  • 0.33

Home Design

  • Duplex
  • Poured Concrete

Unfinished Basement

  • Basement Fills Entire Space Under The House

Schools

  • Springfield District #186 High School

Listing and Financial Details

  • Tenant pays for electric only, garbage collection

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,589

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: Duplex/Side by Side
  • Legal Description: See Tax Records
  • Lvt Date: 06/15/2022
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Dish Washers: 2
  • Number Dryers: 2
  • Number of Ranges: 2
  • Number Refrigerators: 2
  • Number Washers: 2
  • Basement: Full, Poured, Unfinished
  • Price Per Sq Ft: 85.74
  • Total Sq Ft: 2216

Exterior Features

  • Exterior: Stone, Vinyl Siding
  • Roofing: Shingles
  • Exterior Amentities: Fenced

Garage/Parking

  • Garage Parking: Attached
  • Number Parking Spaces: 2

Utilities

  • Heating Cooling: Electric, Forced Air, Central Air
  • Water Sewer: Public Sewer, Public Water

Schools

  • High School: Springfield District #186

Lot Info

  • Estimated Lot Size: 87.47x152.12x108.68x141.7
  • Lot Description: Corner
  • Subdivision: Pasfield Park West
  • Geo Subdivision: IL

Rental Info

  • Tenant Pays: Electric Only, Garbage Collection
  • Gross Annual Rent Income: 20700
  • Lease Information: Month-To-Month

Tax Info

  • Annual Taxes: 4588.94
  • Parcel Id Number Tax Id: 14310254004
  • Tax Year: 2021

Multi Family

  • Total Number Units: 2
  • Gross Annual Income: 20700
  • Total Number Central Air Units: 2
  • Total Number Electric Meters: 2
  • Total Number Heating Units: 2
  • Total Number Water Heaters: 2
  • Total Number Water Meters: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2022
Closed on
Sep 16, 2022
Sold by
Teeter Ii Timothy E and Teeter Sara C
Bought by
Sanders Naujah-Lek
Seller's Agent
JAMI WINCHESTER
The Real Estate Group, Inc.
Buyer's Agent
Logan Frazier
The Real Estate Group, Inc.
List Price
$199,900
Sold Price
$190,000
Premium/Discount to List
-$9,900
-4.95%
Views
35
Current Estimated Value
$229,130

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,130
Avg. Annual Appreciation
6.19%
Original Mortgage
$186,558
Outstanding Balance
$177,596
Interest Rate
4.99%
Mortgage Type
FHA
Estimated Equity
$51,534

Purchase Details

Closed on
Jul 3, 2008

Purchase Details

Closed on
Dec 6, 2007

Purchase Details

Closed on
Oct 11, 2005
Source: Public Records

Range of Values:

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Average Value
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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
Sanders Naujah-Lek $190,000 --
-- $142,000 --
-- $27,000 --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sanders Naujah-Lek $186,558
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/16/2022 09/16/22 Sold $190,000 -5.0% $86 / Sq Ft
08/05/2022 08/05/22 Pending -- -- --
06/15/2022 06/15/22 For Sale $199,900 -- $90 / 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 $5,116 $66,913 $11,401 $55,512
2023 $4,873 $61,119 $10,414 $50,705
2022 $4,589 $52,966 $9,879 $43,087
2021 $4,589 $50,983 $9,509 $41,474
2020 $4,498 $51,059 $9,523 $41,536
2019 $4,414 $50,881 $9,490 $41,391
2018 $4,278 $50,633 $9,445 $41,188
2017 $4,189 $49,978 $9,323 $40,655
2016 $4,107 $49,249 $9,187 $40,062
2015 $4,067 $48,660 $9,077 $39,583
2014 $4,028 $48,345 $9,018 $39,327
2013 $3,938 $48,607 $9,019 $39,588
Source: Public Records

Agents Affiliated with this Home

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Map

Source: RMLS Alliance

MLS Number: CA1014931

RMLS Alliance

APN: 14-31.0-254-004