NOT LISTED FOR SALE

403 S 8th St Pekin, IL 61554

Downtown Pekin Neighborhood

Estimated Value: $165,444

-- Bed
-- Bath
-- Sq Ft
6,098 Sq Ft Lot

Last Sold August 17, 2021

Last sale price $127,500

Est. 30% increase in value since last sale

Current estimated payment $1,118/month

6 Days on Market

About This Home

As of August 2021

WONDERFUL COMMERCIAL BUILDING IN THE TIF DISTRICT WITH COURT ST VISIBILITY! HIGH TRAFFIC COUNT! SUITABLE FOR MANY BUSINESSES! 200 AMP 3-PHASE 2019, CENTRAL AIR 2019, WATER HEATER 2016, ROOF/GUTTERS 2007, UPDATED WINDOWS/DOORS, LED LIGHTING 2019. 10 PARKING SPACES! GREAT OPPORTUNITY!

Last Agent to Sell the Property

Mary Ann Ladendorf

RE/MAX Traders Unlimited License #475099545 Listed on: 06/15/2021

Last Buyer's Agent

Mike O'Bryan

RE/MAX Traders Unlimited License #471006473

RE/MAX Traders Unlimited

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $2,591

Year Built

  • Built in 1957

Lot Details

  • 6,098

Utilities

  • Central Air
  • Heating System Uses Gas

Listing and Financial Details

  • The owner pays for all

Property Details

Property Type

Other

Est. Annual Taxes

$2,591

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Office, Retail
  • Lvt Date: 06/15/2021
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpeted, Tile/Vinyl
  • Total Building Sq Ft: 2043
  • Estimated Lot Sq Ft: 6200

Exterior Features

  • Exterior Finish: Brick, Stucco, Wood Siding
  • Frontage Access: City Street
  • Insulation: Other Insulation, Roof
  • Roof Construction: Comp Shingle
  • Wall Construction: Other Wall Construction

Garage/Parking

  • Numberparking Spaces Allocated: 10

Utilities

  • Cooling: Central Air
  • Heating: Gas
  • Water Supply: City on Premises
  • Water Company: Illinois American

Lot Info

  • Estimated Number of Acres: 0.14
  • Zoning: Commercial
  • Geo Subdivision: IL
  • Irregular Lot: Yes
  • Property Use: Office Building, Retail Pad

Rental Info

  • Owner Pays: All
  • Tenant Pays: N/A
  • Terms Lease: N/A

Tax Info

  • Annual Taxes: 2591.22
  • Parcel Id Number Tax Id: 04-10-02-106-008
  • Tax Incentive: TIF District
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2021
Closed on
Aug 16, 2021
Sold by
Gambetti Michael P and Gambetti Jill A
Bought by
St Johns Lutheran Church Missouri Synod
Seller's Agent
Mary Ann Ladendorf
RE/MAX Traders Unlimited
Buyer's Agent
Mike O'Bryan
RE/MAX Traders Unlimited
List Price
$114,900
Sold Price
$127,500
Premium/Discount to List
$12,600
10.97%
Current Estimated Value
$165,444

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,944
Avg. Annual Appreciation
6.51%

Purchase Details

Closed on
Oct 5, 2006
Sold by
First Midwest Bank
Bought by
Gambetti Michael P and Gambetti Jill A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,600
Interest Rate
6.49%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 25, 2006
Sold by
Smith Christina A
Bought by
First Midwest Bank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,600
Interest Rate
6.49%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 17, 2005
Sold by
Smith Robert J
Bought by
First Midwest Bank
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
St Johns Lutheran Church Missouri Synod $127,500 Hometown Title
Gambetti Michael P $83,000 First American Title
First Midwest Bank -- First American Pekin
First Midwest Bank -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gambetti Michael P $81,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2021 08/17/21 Sold $127,500 +11.0% --
06/21/2021 06/21/21 Pending -- -- --
06/15/2021 06/15/21 For Sale $114,900 +70.2% --
05/26/2015 05/26/15 Sold $67,500 0.0% --
05/13/2015 05/13/15 Pending -- -- --
12/12/2014 12/12/14 For Sale $67,500 -- --
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 $2,889 $33,950 $8,400 $25,550
2023 $2,889 $31,530 $7,800 $23,730
2022 $2,717 $29,400 $7,270 $22,130
2021 $2,615 $28,270 $6,990 $21,280
2020 $2,591 $28,270 $6,990 $21,280
2019 $2,555 $28,270 $6,990 $21,280
2018 $2,490 $28,270 $6,990 $21,280
2017 $2,431 $28,340 $6,990 $21,350
2016 $2,382 $27,780 $6,850 $20,930
2015 $2,314 $0 $0 $0
2013 $2,311 $27,810 $7,230 $20,580
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Mary Ann Ladendorf

    RE/MAX

  • M

    Buyer's Agent in 2021

    Mike O'Bryan

    RE/MAX

    Section Image

  • J

    Seller's Agent in 2015

    Jim Grube

    RE/MAX

    Section Image
See All Agents

Map

Source: RMLS Alliance

MLS Number: PA1225911

RMLS Alliance

APN: 04-10-02-106-008

Illinois Tazewell County Pekin 61554 Downtown Pekin

403 S 8th St, Pekin, IL

This home is located at 403 S 8th St, Pekin, IL 61554 since 15 June 2021 and is currently estimated at $165,444. This property was built in 1957. 403 S 8th 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