NOT LISTED FOR SALE

318 S State St Springfield, IL 62704

Historic West Side Neighborhood

Estimated Value: $92,000 - $182,000

-- Bed
-- Bath
2,843 Sq Ft
$49/Sq Ft Est. Value

Last Sold July 24, 2023

Last sale price $775,000 $273 Per Sq Ft

Current estimated payment $1,033/month

5 Days on Market

Highlights

  • Detached Garage
  • Forced Air Heating System
  • Level Lot
  • Springfield High School Rated A-

About This Home

As of July 2023

Don't miss out on this triplex with great cash flow. Newly refinished HWD floors. 1 unit has new furnace. Square feet believed to be accurate but not warranted. Ernest checks made out to Prairie Land Title. Buy 318 State with 8 others as a package deal. Selling AS-IS This property was sold with 1129 S SPRING Street CA1022634, 830 W JEFFERSON Street CA1022636, 102 S GLENWOOD CA1022637, 514 W ALLEN Street CA1022640, 317 S STATE Street CA1022638, 110 W VINE Street CA1022641 and 155 N MACARTHUR CA1022642 as a package.

Last Agent to Sell the Property

Edward Bowen

Keller Williams Capital License #475130058 Listed on: 06/03/2023

Keller Williams Capital

Last Buyer's Agent

Edward Bowen

Keller Williams Capital License #475130058 Listed on: 06/03/2023

Keller Williams Capital

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,206

Year Built

  • Built in 1900

Lot Details

  • Lot Dimensions are 40 x 182.86
  • Level Lot

Parking

  • Detached Garage

Home Design

  • 2,843 Sq Ft Home
  • Brick Foundation
  • Shingle Roof
  • Aluminum Siding

Schools

  • Springfield High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Cable TV Available

Additional Features

  • Unfinished Basement

Community Details

  • Trash Expense $228

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 14330130007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,206

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Residential Income
  • Year Built: 1900
  • New Construction: No
  • Structure Type: Triplex
  • PricePerSqFt: 272.6
  • Age55PlusDevelopment: No
  • Special Features: None

Interior Features

  • Basement: Unfinished
  • Interior Amenities: Cable Available

Exterior Features

  • Lot Features: Level
  • Construction Type: Aluminum Siding
  • Foundation Details: Brick
  • Roof: Shingle
  • 100YearPlain: No

Garage/Parking

  • Parking Features: Detached

Utilities

  • Heating: Forced Air, Gas
  • Water Sewer Expenses: 891
  • Water Source: Public Sewer, Public
  • GasExpense: 600
  • NumberOfWaterHeaters: 1
  • NumberOfHeatingUnits: 3
  • NumberOfCentralAirUnits: 0
  • NumberOfGasMeters: 2
  • NumberOfElectricMeters: 3
  • NumberofWaterMeters: 1
  • NumberOfRanges: 3
  • NumberofRefrigerators: 3
  • NumberOfWindowUnits: 2

Fee Information

  • Trash Expense: 228
  • AdvertisingExpense: 0

Schools

  • High School: Springfield

Lot Info

  • Lot Size: 40 X 182.86
  • Parcel #: 14330130007

Rental Info

  • Tenant Pays: Electricity

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 2206.36
  • TaxExemptions: None

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 28200
  • Annual Operating Expense: 2886

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2023
Closed on
Jul 26, 2023
Sold by
Trader Pamela R
Bought by
Stewart Group Properties Llc
Seller's Agent
Edward Bowen
Keller Williams Capital
Buyer's Agent
Edward Bowen
Keller Williams Capital
List Price
$123,000
Sold Price
$775,000
Premium/Discount to List
$652,000
530.08%
Views
9
Current Estimated Value
$139,030

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$635,970
Avg. Annual Appreciation
-53.72%
Original Mortgage
$620,000
Outstanding Balance
$605,554
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
-$466,524

Purchase Details

Closed on
Oct 21, 2020
Sold by
Noel Jacob J
Bought by
Trader Pamela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,800
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 1, 2015
Source: Public Records

Range of Values:

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
Stewart Group Properties Llc $775,000 None Listed On Document
Trader Pamela $66,000 Prairie Land Title
-- $66,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stewart Group Properties Llc $620,000
Previous Owner Trader Pamela $52,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/24/2023 07/24/23 Sold $775,000 +530.1% $273 / Sq Ft
06/08/2023 06/08/23 Pending -- -- --
06/03/2023 06/03/23 For Sale $123,000 -- $43 / 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 $3,546 $42,214 $4,896 $37,318
2023 $2,295 $25,957 $4,473 $21,484
2022 $2,206 $24,622 $4,243 $20,379
2021 $2,133 $23,700 $4,084 $19,616
2020 $2,091 $23,735 $4,090 $19,645
2019 $2,052 $23,652 $4,076 $19,576
2018 $2,205 $26,093 $4,054 $22,039
2017 $2,159 $25,756 $4,002 $21,754
2016 $2,117 $25,381 $3,944 $21,437
2015 $2,096 $25,078 $3,897 $21,181
2014 $2,065 $24,916 $3,872 $21,044
2013 -- $24,916 $3,872 $21,044
Source: Public Records

Agents Affiliated with this Home

  • Edward Bowen

    Seller's Agent in 2023

    Edward Bowen

    Keller Williams Capital

    (217) 414-3509

    10 in this area

    87 Total Sales

    Edward Bowen
    Section Image
See All Agents

Map

Source: RMLS Alliance

MLS Number: CA1022639

RMLS Alliance

APN: 14-33.0-130-007

Illinois Sangamon County Springfield 62704 Historic West Side

318 S State St, Springfield, IL

This home is located at 318 S State St, Springfield, IL 62704 since 03 June 2023 and is currently estimated at $139,030, approximately $48 per square foot. This property was built in 1900. 318 S State St is a home located in Sangamon County with nearby schools including Elizabeth Graham Elementary School, Benjamin Franklin Middle School, and Springfield High School.

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