$250,000
SOLD AUG 2, 2024

404 S 5th St Effingham, IL 62401

-- Bed
-- Bath
1,425 Sq Ft
6,970 Sq Ft Lot

Recently Sold

$175 Per Sq Ft

0 Day on Market

Highlights

  • 2 Car Detached Garage
  • Central Air
  • 1-Story Property

About This Home

As of August 2024

GREAT PROPERTY OFFERING 2 RECENTLY REMODELED RENTALS!!!THE PRICE REFLECTS A TOTAL OF THREE PROPERTIES BEING SOLD TOGETHER! SEE ADDITIONAL LISTINGS!!!! Come take a look at this great investment opportunity close to downtown Effingham! This property is within a short walk of Bliss Park and offers 2 really nice interior rentals! This property also offers a detached 2 car garage and so much more! Call an agent today and make it yours!! THE PRICE REFLECTS A TOTAL OF THREE PROPERTIES BEING SOLD TOGETHER! SEE ADDITIONAL LISTINGS!!!!

Last Agent to Sell the Property

Matt Dammerman

Dammerman & Associates Benchmark Realty License #471004701 Listed on: 08/02/2024

Last Buyer's Agent

Matt Dammerman

Dammerman & Associates Benchmark Realty License #471004701 Listed on: 08/02/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,104

Year Built

  • Built in 1940

Parking

  • 2 Car Detached Garage

Home Design

  • Duplex
  • Shingle Roof
  • Vinyl Siding

Kitchen

  • Range
  • Microwave

Utilities

  • Central Air
  • Gas Water Heater

Additional Features

  • 1-Story Property
  • 6,970 Sq Ft Lot

Listing and Financial Details

  • The owner pays for taxes, trash collection, water
  • Assessor Parcel Number 0316036015

Community Details

Overview

  • 2 Units
  • Railroad Add Subdivision

Building Details

  • Operating Expense $6,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,104

Year Built

Built in 1940

Lot Details

0

Parking

2

Listing Details

  • Lot Size Acres: 0.16
  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Building Stories: 1
  • Subdivision Name: Railroad Add
  • Year Built: 1940
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • Property Sub Type Additional: Duplex
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Gas Water Heater, Microwave, Range, Refrigerator
  • Owner Pays: Taxes, Trash Collection, Water
  • Stories: 1
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Vinyl Siding
  • Roof: Shingle
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 2.0
  • Attached Garage: No
  • Parking Features: Detached, Garage

Utilities

  • Cooling: Central Air
  • Water Source: Public
  • Cooling Y N: Yes
  • Sewer: Public Sewer

Schools

  • Junior High Dist: Effingham Dist. 40

Lot Info

  • Lot Size Sq Ft: 6970.0
  • Parcel #: 0316036015
  • Zoning: RES
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2
  • Annual Operating Expense: 6000.0

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 3104.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 2, 2024
Closed on
Jul 29, 2024
Sold by
Brink Robin Kay Ten and Bruno Robin Kay
Bought by
Rack Properties Llc
Seller's Agent
Matt Dammerman
Dammerman & Associates Benchmark Realty
Buyer's Agent
Matt Dammerman
Dammerman & Associates Benchmark Realty
List Price
$250,000
Sold Price
$250,000
Current Estimated Value
$221,308

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$28,692
Avg. Annual Appreciation
-1.21%
Original Mortgage
$104,760
Outstanding Balance
$103,669
Interest Rate
6.87%
Mortgage Type
Credit Line Revolving
Estimated Equity
$142,928

Purchase Details

Closed on
Apr 26, 2017
Sold by
Schaefer Wilbert and Schaefer Todd
Bought by
Brink Robin Kay Ten

Purchase Details

Closed on
Jun 28, 2005
Sold by
Boxley Thelma and Boxley Dale
Bought by
Schaefer Todd and Schaefer Wilbert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
6.6%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Warranty Deed $750,000 None Listed On Document
Warranty Deed $38,000 Attorney
Executors Deed $40,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $104,760 Credit Line Revolving
Previous Owner $40,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/02/2024 08/02/24 Sold $250,000 0.0% $175 / Sq Ft
08/02/2024 08/02/24 For Sale $250,000 0.0% $175 / Sq Ft
03/31/2020 03/31/20 Rented $750 0.0% --
03/27/2020 03/27/20 Under Contract -- -- --
03/13/2020 03/13/20 For Rent $750 -- --
Source: Central Illinois Board of REALTORS®

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 $3,610 $53,430 $8,360 $45,070
2023 $3,307 $48,570 $7,600 $40,970
2022 $945 $44,560 $6,970 $37,590
2021 $3,200 $44,120 $6,900 $37,220
2020 $1,232 $16,810 $6,710 $10,100
2019 $1,208 $16,640 $6,640 $10,000
2018 $945 $12,930 $6,380 $6,550
2017 $928 $12,670 $6,250 $6,420
2016 $1,960 $26,530 $6,070 $20,460
2015 -- $25,750 $5,890 $19,860
2014 -- $25,000 $5,720 $19,280
2013 -- $24,510 $5,610 $18,900
2012 -- $24,150 $5,530 $18,620
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2024

    Matt Dammerman

    Dammerman & Associates Benchmark Realty

    (217) 259-3277

    188 Total Sales

    Matt Dammerman
    Section Image
  • Jeff Speer

    Seller's Agent in 2020

    Jeff Speer

    RE/MAX

    (217) 347-0404

    177 Total Sales

    Jeff Speer
    Section Image
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Map

Source: Central Illinois Board of REALTORS®

MLS Number: 6243317

APN: 0316036015

Illinois Effingham County Effingham 62401

404 S 5th St, Effingham, IL

This home is located at 404 S 5th St, Effingham, IL 62401 and is currently priced at $250,000, approximately $175 per square foot. This property was built in 1940. 404 S 5th St is a home located in Effingham County with nearby schools including South Side Grade School, Early Learning Center, and Central Grade School.

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