NOT LISTED FOR SALE

3320 S Douglas Ave Springfield, IL 62704

Estimated Value: $397,508

8 Beds
4 Baths
5,400 Sq Ft
$74/Sq Ft Est. Value

Last Sold April 30, 2021

Last sale price $300,000 $56 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $3,036/month

39 Days on Market

About This Home

As of April 2021

Rare investment opportunity! Here’s your chance to own a conveniently located, very well maintained, six unit parcel with great cash flow. Three separate, all brick duplexes nestled on nearly a full acre with it's own drive, and plenty of room for another building to be built if you desire. Recognized as Suburban Court by the city of Springfield and postal service, units 1-6. County has parcel assessed as 3320 South Douglas Ave.

Last Agent to Sell the Property

Matt Garrison

The Real Estate Group, Inc. License #475176635 Listed on: 01/15/2021

The Real Estate Group, Inc.

Last Buyer's Agent

Dan Wallace

Legacy R.E. Professionals License #471003553

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,157

Year Built

  • Built in 1975

Lot Details

  • 1

Basement

  • Block Basement Construction
  • Crawl Space

Schools

  • Springfield High School

Listing and Financial Details

  • Tenant pays for gas & electric

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,157

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: Other Style
  • Legal Description: L 41 PIERIK PLACE
  • Lvt Date: 01/15/2021
  • Year Built: 1975
  • Senior Community: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space, Block
  • Price Per Sq Ft: 55.56
  • Total Sq Ft: 5400

Exterior Features

  • Exterior: Brick
  • Roofing: Shingles

Garage/Parking

  • Garage Parking: Carport, Parking Slab
  • Number Parking Spaces: 13

Utilities

  • Heating Cooling: Forced Air, Gas, Central Air
  • Water Sewer: Public Sewer, Public Water
  • Garbage Collection Exp: 1380
  • Laundry Facilities: Units Hook-Ups
  • Water Sewer Expenses: 3446

Schools

  • High School: Springfield
  • High School: Springfield

Lot Info

  • Estimated Lot Size: 100x410
  • Estimated Number of Acres: 1
  • Lot Description: Level
  • Geo Subdivision: IL

Rental Info

  • Tenant Pays: Gas & Electric
  • Gross Annual Rent Income: 33600

Tax Info

  • Annual Taxes: 8156.81
  • Parcel Id Number Tax Id: 22080427014
  • Tax Year: 2019

Multi Family

  • Total Number Units: 6
  • Gross Annual Income: 33600
  • Total Number Central Air Units: 6
  • Total Number Electric Meters: 6
  • Total Number Gas Meters: 6
  • Total Number Heating Units: 6
  • Total Number Water Heaters: 6
  • Total Number Water Meters: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2021
Closed on
Apr 30, 2021
Sold by
Mountain View Llc Series 3
Bought by
Legacy R/E Professionals Llc
Seller's Agent
Matt Garrison
The Real Estate Group, Inc.
Buyer's Agent
Dan Wallace
Legacy R.E. Professionals
List Price
$350,000
Sold Price
$300,000
Premium/Discount to List
-$50,000
-14.29%
Current Estimated Value
$397,508

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,508
Avg. Annual Appreciation
6.56%
Original Mortgage
$280,500
Outstanding Balance
$222,185
Interest Rate
4.25%
Mortgage Type
New Conventional
Estimated Equity
$172,099

Purchase Details

Closed on
Apr 15, 2003

Purchase Details

Closed on
May 2, 1994
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
Legacy R/E Professionals Llc $325,000 None Listed On Document
-- $120,000 --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Legacy R/E Professionals Llc $280,500
Closed Legacy Real Estate Professiona $280,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2021 04/30/21 Sold $300,000 -14.3% $56 / Sq Ft
02/23/2021 02/23/21 Pending -- -- --
01/15/2021 01/15/21 For Sale $350,000 -- $65 / 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 $10,434 $128,707 $6,698 $122,009
2023 $10,229 $119,173 $6,202 $112,971
2022 $9,816 $112,778 $5,869 $106,909
2021 $9,474 $108,357 $5,639 $102,718
2020 $8,454 $99,116 $5,578 $93,538
2019 $8,152 $97,382 $5,480 $91,902
2018 $7,874 $96,966 $5,457 $91,509
2017 $7,686 $95,476 $5,373 $90,103
2016 $7,453 $93,011 $5,234 $87,777
2015 $7,314 $90,911 $5,116 $85,795
2014 $7,190 $90,153 $5,073 $85,080
2013 $7,083 $91,119 $5,127 $85,992
Source: Public Records

Agents Affiliated with this Home

  • Matt Garrison

    Seller's Agent in 2021

    Matt Garrison

    The Real Estate Group, Inc.

    (217) 638-8500

    360 Total Sales

    Section Image

  • D

    Buyer's Agent in 2021

    Dan Wallace

    Legacy R.E. Professionals

    Section Image
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Map

Source: RMLS Alliance

MLS Number: CA1004619

RMLS Alliance

APN: 22-08.0-427-014

Illinois Sangamon County Springfield 62704

3320 S Douglas Ave, Springfield, IL

This home is located at 3320 S Douglas Ave, Springfield, IL 62704 since 15 January 2021 and is currently estimated at $397,508, approximately $73 per square foot. This property was built in 1975. 3320 S Douglas Ave is a home located in Sangamon County with nearby schools including Southern View Elementary School, Jefferson Middle School, and Springfield Southeast 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.

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