NOT LISTED FOR SALE

404 N Merchant St Effingham, IL 62401

Effingham Area

Estimated Value: $133,000 - $301,000

2 Beds
2 Baths
882 Sq Ft
$215/Sq Ft Est. Value

Sale Details

Date Sold: June 25, 2014

Last sale price $80,000 $91 Per Sq Ft

Est. 144% increase in value since last sale

Current estimated payment $1,302 / mo

22 Days on Market

About This Home

As of June 2014

Great Investment Opportunity! Landlord currently takes $25/mo. off of $450.00 rent rate for tenant to mow lawn. Both units have been 100% occupied and maintenance has been minimal but 5% for each is being used to get net income. Rent on 2nd unit could be raised to $450 also. Current taxes are $2,592 but owner is protesting; therefore using the rate for 2015.**Stove and Refrigerator each side; Washer & Dryer on South Side only; ***Net income based on 5% vacany and 5% maintenance

Last Agent to Sell the Property

Jeff Speer

RE/MAX Key Advantage License #471000363 Listed on: 05/03/2014

RE/MAX Key Advantage

Last Buyer's Agent

Janet Bullard

C21 Realty Concepts License #475139555

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,924

Lot Details

  • 4,796 Sq Ft Lot

Home Design

  • Duplex
  • Shingle Roof

Interior Spaces

  • 882 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Electric Water Heater

Community Details

  • 2 Units
  • Operating Expense $4,324

Listing and Financial Details

  • Assessor Parcel Number 0316018008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,924

Lot Details

4,796 Sq Ft Lot

Listing Details

  • Directions: From Rt. 45 - West on Temple - South on Merchant
  • Lot Size Acres: 0.11
  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Road Surface Type: Concrete
  • Building Stories: 1
  • Structure Type: Duplex
  • Architectural Style: Duplex
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Property Sub Type Additional: Duplex
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Electric Water Heater
  • Has Basement: Crawl Space
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Stories: 1

Exterior Features

  • Roof: Shingle
  • Waterfront: No
  • Foundation Details: Crawlspace

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Gas
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer

Schools

  • Junior High Dist: Effingham Dist. 40

Lot Info

  • Lot Size Sq Ft: 4796.0
  • Parcel #: 0316018008
  • Zoning: R-3

Multi Family

  • Number Of Units Total: 2
  • Annual Operating Expense: 4324.0

Tax Info

  • Tax Year: 2012
  • Tax Annual Amount: 1924.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2014
Closed on
Jun 25, 2014
Sold by
Esker Brad B
Bought by
Seller's Agent
Jeff Speer
RE/MAX Key Advantage
Buyer's Agent
Janet Bullard
C21 Realty Concepts
List Price
$84,900
Sold Price
$80,000
Premium/Discount to List
-$4,900
-5.77%
Current Estimated Value
$195,527

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$115,527
Avg. Annual Appreciation
7.33%

Purchase Details

Closed on
Mar 16, 2011
Sold by
Ruble Ruble David L David L
Bought by
Esker Brad B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,025
Interest Rate
5%
Mortgage Type
Unknown
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Effingham, IL

  • Matt Forcum Real Estate Agent - Shelby Realty Services

    Matt Forcum

    Shelby Realty Services

    (217) 708-3538

    107 Total Sales

    20 in Effingham

    $65K - $1.5M Price Range

    Matt Forcum
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  • Blake McWilliams Real Estate Agent - RE/MAX Key Advantage

    Blake McWilliams

    RE/MAX Key Advantage

    (618) 403-1246

    42 Total Sales

    16 in Effingham

    $101K - $379K Price Range

    Blake McWilliams
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  • Vanessa Skavlem Real Estate Agent - THATS A WRAP REALTY

    Vanessa Skavlem

    THATS A WRAP REALTY

    (618) 352-7037

    80 Total Sales

    26 in Effingham

    $88K - $500K Price Range

    Vanessa Skavlem
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  • Art Geen Real Estate Agent - Full Circle Realty

    Art Geen

    Full Circle Realty

    (217) 916-2418

    49 Total Sales

    28 in Effingham

    $83K - $490K Price Range

    Art Geen
     Section Image
  • Taylor Dammerman Real Estate Agent - Dammerman & Associates Benchmark Realty

    Taylor Dammerman

    Responds Quickly

    Dammerman & Associates Benchmark Realty

    (217) 708-3191

    100 Total Sales

    55 in Effingham

    $68K - $355K Price Range

    Taylor Dammerman
     Section Image
  • Alicia Winskill Real Estate Agent - Real Broker LLC

    Alicia Winskill

    Responds Quickly

    Real Broker LLC

    (217) 833-8541

    72 Total Sales

    12 in Effingham

    $10K - $263K Price Range

    Alicia Winskill
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
Esker Brad B -- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $56,025
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/25/2014 06/25/14 Sold $80,000 -5.8% $91 / Sq Ft
05/28/2014 05/28/14 Pending -- -- --
05/05/2014 05/05/14 For Sale $84,900 -- $96 / Sq Ft
Source: Central Illinois Board of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,748 $40,680 $5,090 $35,590
2023 $2,518 $36,980 $4,630 $32,350
2022 $2,364 $33,930 $4,250 $29,680
2021 $2,437 $33,600 $4,210 $29,390
2020 $2,393 $32,650 $4,090 $28,560
2019 $2,348 $32,330 $4,050 $28,280
2018 $2,271 $31,080 $3,890 $27,190
2017 $2,232 $30,470 $3,810 $26,660
2016 $2,185 $29,580 $3,700 $25,880
2015 -- $28,720 $3,590 $25,130
2014 -- $27,890 $3,490 $24,400
2013 -- $27,340 $3,420 $23,920
2012 -- $35,930 $3,370 $32,560
Source: Public Records

Agents Affiliated with this Home

  • Jeff Speer Real Estate Agent - RE/MAX

    Seller's Agent in 2014

    Jeff Speer

    RE/MAX

    (217) 347-0404

    155 Total Sales

    Jeff Speer
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  • Janet Bullard Real Estate Agent - C21 Realty Concepts

    Buyer's Agent in 2014

    Janet Bullard

    C21 Realty Concepts

    (217) 342-6080

    17 Total Sales

    Janet Bullard
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Map

Source: Central Illinois Board of REALTORS®

MLS Number: 6132654

APN: 0316018008

Illinois Effingham County Effingham 62401

404 N Merchant St, Effingham, IL

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