NOT LISTED FOR SALE

322 E War Memorial Dr Peoria, IL 61614

West Bluff Neighborhood

Estimated Value: $426,918

-- Bed
-- Bath
-- Sq Ft
0.68 Acres

Last Sold June 17, 2021

Last sale price $425,000

Current estimated payment $2,672/month

1,116 Days on Market

About This Home

As of June 2021

Very clean multi-tenant building for sale on War Memorial Drive. New roof and all but one new furnaces and A/C units in Fall of 2016. Two of the suites have private restrooms. Owner occupies small suite and will do master lease on the suite so investor has income while trying to rent the space. Excellent cap rate for investor.

Last Agent to Sell the Property

Mike O'Bryan

RE/MAX Traders Unlimited License #471006473 Listed on: 03/19/2018

RE/MAX Traders Unlimited

Last Buyer's Agent

PAAR-NON RMLSA AGENT

Non-MLS License #0000000000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $14,392

Year Built

  • Built in 1965

Lot Details

  • 0.68

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for gas, electric, water/sewer
  • The owner pays for real estate taxes, insurance, structural maintenance, internal maintenance, common area, common area maintenance, snow/lawn

Property Details

Property Type

Other

Est. Annual Taxes

$14,392

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Office
  • Lvt Date: 03/27/2019
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpeted, Tile/Vinyl
  • Total Building Sq Ft: 8412

Exterior Features

  • Exterior Finish: Brick
  • Frontage Access: Paved 4Lane, Corner Lot, City Street, State Road
  • Insulation: Party Walls, Roof, Side Walls
  • Roof Construction: Metal
  • Wall Construction: Brick

Garage/Parking

  • Numberparking Spaces Allocated: 40

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Gas
  • Sprinkler: Yes
  • Water Supply: Municipal/City

Association/Amenities

  • Amenities: Cable, Fiber Optics

Lot Info

  • Estimated Number of Acres: 0.68
  • Zoning: CN
  • Geo Subdivision: IL
  • Irregular Lot: Yes

Rental Info

  • Lease Type: Gross
  • Owner Pays: Real Estate Taxes, Insurance, Structural Maintenance, Internal Maintenance, Common Area, Common Area Maint, Snow/Lawn
  • Sale Lease Includes: Building, Land
  • Tenant Pays: Gas, Electric, Water/Sewer
  • Terms Lease: Yearly

Tax Info

  • Annual Taxes: 14392.12
  • Parcel Id Number Tax Id: 14-28-403-014
  • Tax Incentive: In City Limit
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2018
Closed on
Jun 24, 2021
Sold by
Lee Llc
Bought by
Jmess Llc
Seller's Agent
Mike O'Bryan
RE/MAX Traders Unlimited
Buyer's Agent
PAAR-NON RMLSA AGENT
Non-MLS
List Price
$575,000
Sold Price
$425,000
Premium/Discount to List
-$150,000
-26.09%
Current Estimated Value
$426,918

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,918
Avg. Annual Appreciation
0.10%
Original Mortgage
$381,000
Outstanding Balance
$344,948
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$81,970

Purchase Details

Listed on
Mar 19, 2018
Closed on
Jun 17, 2021
Sold by
Lee Llc
Bought by
Jmess Llc
Seller's Agent
Mike O'Bryan
RE/MAX Traders Unlimited
Buyer's Agent
PAAR-NON RMLSA AGENT
Non-MLS
List Price
$575,000
Sold Price
$425,000
Premium/Discount to List
-$150,000
-26.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$381,000
Outstanding Balance
$344,948
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$81,970

Purchase Details

Closed on
Aug 28, 2013
Bought by
Lee Llc
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
Jmess Llc $425,000 None Listed On Document
Jmess Llc $425,000 None Listed On Document
Lee Llc $390,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jmess Llc $381,000
Closed Jmess Llc $381,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/17/2021 06/17/21 Sold $425,000 -26.1% --
04/08/2021 04/08/21 Pending -- -- --
01/31/2020 01/31/20 For Sale $575,000 +35.3% --
08/31/2019 08/31/19 Off Market $425,000 -- --
03/19/2018 03/19/18 For Sale $575,000 -- --
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 $14,563 $161,000 $58,330 $102,670
2023 $13,897 $147,700 $53,510 $94,190
2022 $14,080 $145,970 $51,920 $94,050
2021 $14,512 $145,970 $51,920 $94,050
2020 $14,626 $145,970 $51,920 $94,050
2019 $14,839 $148,950 $52,980 $95,970
2018 $14,502 $148,910 $52,970 $95,940
2017 $14,500 $150,410 $53,500 $96,910
2016 $14,096 $150,410 $53,500 $96,910
2015 $13,523 $147,460 $52,450 $95,010
2014 $13,361 $146,900 $51,190 $95,710
2013 -- $146,900 $51,190 $95,710
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Mike O'Bryan

    RE/MAX

    Section Image

  • P

    Buyer's Agent in 2021

    PAAR-NON RMLSA AGENT

    Non-MLS

    Section Image
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Map

Source: RMLS Alliance

MLS Number: RMAPA1202984

RMLS Alliance

APN: 14-28-403-014

Illinois Peoria County Peoria 61603 West Bluff

322 E War Memorial Dr, Peoria, IL

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