NOT LISTED FOR SALE

403 S 2nd St Pekin, IL 61554

Downtown Pekin Neighborhood

Estimated Value: $56,130

-- Bed
-- Bath
-- Sq Ft
7,841 Sq Ft Lot

Last Sold November 20, 2017

Last sale price $45,000

Est. 25% increase in value since last sale

Current estimated payment $371/month

434 Days on Market

About This Home

As of November 2017

OUTSTANDING OPPORTUNITY! HERE'S A WELL ESTABLISHED LAUNDROMAT THAT IS 1,600 SF WITH 30 WASHERS, 16 DRYERS PLUS 4 DOUBLES W/EXTRA PARTS INCLUDED. SOAP DISPENSER. SHED IS 10X10. ENTRY DOORS ON EAST AND NORTH SIDE OF THE BUILDING. NEW ROOF WHICH ORIGINALLY WAS A FLAT ROOF IN '08 WITH A 40 YEAR SHINGLE. BLACKTOP PARKING LOT (5,820 SF). THE GAME AND SODA MACHINES ARE RESERVED ALONG WITH A SPARE DQ SIGN AND DOES NOT STAY. ALLEY BEHIND THE BUILDING. ALL AS-IS

Last Agent to Sell the Property

Rick Simpson

Jim Maloof Realty, Inc. License #471.018206 Listed on: 03/25/2016

Jim Maloof Realty, Inc.

Last Buyer's Agent

Rick Simpson

Jim Maloof Realty, Inc. License #471.018206 Listed on: 03/25/2016

Jim Maloof Realty, Inc.

Property Details

Property Type

  • Other

Year Built

  • Built in 1971

Lot Details

  • 7,841

Utilities

  • Heating System Uses Gas

Property Details

Property Type

Other

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Office, Retail
  • Lvt Date: 03/25/2016
  • Year Built: 1971
  • Handicap Modified: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Tile/Vinyl
  • Maximum Ceiling Ht Feet: 12
  • Other Access: None
  • Total Building Sq Ft: 1600
  • Estimated Lot Sq Ft: 8,168 SF

Exterior Features

  • Exterior Finish: Wood Siding, Other Exterior Finish
  • Frontage Access: Paved 2Lane, City Street, State Road
  • Insulation: Unknown
  • Roof Construction: Comp Shingle
  • Wall Construction: Block

Garage/Parking

  • Numberparking Spaces Allocated: 20

Utilities

  • Cooling: Individual Units, Other Cooling
  • Heating: Gas, Hot Water
  • Water Supply: Municipal/City

Lot Info

  • Estimated Number of Acres: 0.18
  • Zoning: RETAIL
  • Geo Subdivision: IL

Rental Info

  • Lease Type: Gross
  • Sale Lease Includes: Building, Business, Inventory, Land, Sale/Lease Other
  • Tenant Pays: None
  • Terms Lease: N/A

Tax Info

  • Annual Taxes: 3218.5
  • Parcel Id Number Tax Id: 04-10-03-201-008
  • Tax Incentive: In City Limit
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2016
Closed on
Nov 20, 2017
Sold by
Flynn Christopher A and Flynn Christina L
Bought by
Happy Laundromat Inc
Seller's Agent
Rick Simpson
Jim Maloof Realty, Inc.
Buyer's Agent
Rick Simpson
Jim Maloof Realty, Inc.
List Price
$175,000
Sold Price
$45,000
Premium/Discount to List
-$130,000
-74.29%
Total Days on Market
434
Current Estimated Value
$56,130

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,130
Original Mortgage
$340,725
Outstanding Balance
$289,767
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 5, 1999
Sold by
Flynn Harry and Flynn Naomi
Bought by
Flynn Christopher A and Flynn Christina L
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
Happy Laundromat Inc $45,000 Jbn Title
Flynn Christopher A $73,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Happy Laundromat Inc $340,725
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2017 11/20/17 Sold $45,000 -74.3% --
06/02/2017 06/02/17 Pending -- -- --
03/25/2016 03/25/16 For Sale $175,000 -- --
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 $2,442 $28,710 $6,700 $22,010
2023 $2,442 $26,660 $6,220 $20,440
2022 $2,297 $24,860 $5,800 $19,060
2021 $2,211 $23,910 $5,580 $18,330
2020 $2,192 $23,910 $5,580 $18,330
2019 $2,161 $23,910 $5,580 $18,330
2018 $2,106 $23,910 $5,580 $18,330
2017 $3,284 $38,290 $5,810 $32,480
2016 $3,219 $37,530 $5,690 $31,840
2015 $3,126 $0 $0 $0
2013 $3,074 $36,980 $5,580 $31,400
Source: Public Records

Agents Affiliated with this Home

  • Rick Simpson

    Seller's Agent in 2017

    Rick Simpson

    Jim Maloof Realty, Inc.

    (309) 353-3503

    1 in this area

    34 Total Sales

    Rick Simpson
    Section Image
See All Agents

Map

Source: RMLS Alliance

MLS Number: RMAPA7032647

RMLS Alliance

APN: 04-10-03-201-008

Illinois Tazewell County Pekin 61554 Downtown Pekin

403 S 2nd St, Pekin, IL

This home is located at 403 S 2nd St, Pekin, IL 61554 since 25 March 2016 and is currently priced at $56,130. This property was built in 1971. 403 S 2nd St is a home located in Tazewell County with nearby schools including Washington Intermediate School, Jefferson Elementary School, and Edison Junior 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