NOT LISTED FOR SALE

409 E 8th St Alton, IL 62002

Estimated Value: $266,000 - $349,000

-- Bed
8 Baths
3,968 Sq Ft
$77/Sq Ft Est. Value

Last Sold December 15, 2023

Last sale price $289,000 $73 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $2,036/month

4 Days on Market

Highlights

  • Patio
  • Central Air
  • Wall Furnace

About This Home

As of December 2023

Looking to invest in a income producing 4 plex? Welcome to 409 E 8th in Alton. 4 units with 2 bedrooms and 2 bathrooms each, unit 2 was remodeled in in 2022, unit 3 was remodeled in 2020, 3 of the 4 tenants are long term. Interior photos are from units 2 and 3 after they were remodeled. Other improvements include new gutters in 2021, new electric meter base with external disconnect in 2021, waterproofing system with vapor barrier and humidifier in 2022, water line insulated in 2022, and all of the a/c units were serviced in 2022. Units 1 and 4 include the refrigerator and stove, units 2 and 3 include the refrigerator, stove, microwave, washer, and dryer (new with the unit remodel)

Last Agent to Sell the Property

Chris Seniker

RE/MAX Alliance License #471001881 Listed on: 11/09/2023

RE/MAX Alliance

Co-Listed By

Sarah Seniker

RE/MAX Alliance License #471007821

Last Buyer's Agent

Antione Williams

Tarrant and Harman Real Estate and Auction Co License #471.019002

Tarrant and Harman Real Estate and Auction Co

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,049

Year Built

  • Built in 1980

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 60x120

Home Design

  • 3,968 Sq Ft Home
  • Quadruplex
  • Cedar

Parking

  • On-Street Parking
  • Off-Street Parking
  • Unassigned Parking

Outdoor Features

  • Patio

Schools

  • Alton Dist 11 Elementary And Middle School
  • Alton High School

Utilities

  • Central Air
  • Wall Furnace
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for electric, sewer, water
  • Assessor Parcel Number 23-2-07-11-20-403-008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,049

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Multi-Family 2-4
  • Cross Street: Henry
  • Special Description: No Exemptions
  • Age: 43
  • Ownership: Private
  • Year Built: 1980
  • Directions: Henry to East 8th
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Misc Features: Patio
  • Square Footage: 3968

Exterior Features

  • Construction: Cedar/Wood

Garage/Parking

  • Parking: Off Street, On Street Parking, Unassigned

Utilities

  • Sewer: Public
  • Water: Public
  • Water Heater: Electric
  • Cooling: Central-Electric
  • Heating: Individual Furnaces

Schools

  • School District: Alton DIST 11
  • Elementary School: ALTON DIST 11
  • Middle School: ALTON DIST 11
  • High School: Alton
  • Elementary School: ALTON DIST 11
  • Junior High School: ALTON DIST 11
  • School District: Alton DIST 11
  • Senior High School: Alton

Lot Info

  • Lot Dimensions: 60X120
  • Lot Sq Ft: 6970
  • Acres: 0.1600

Rental Info

  • Tenancy Type: Leases, Month To Month
  • Tenant Pays: Electric, Sewer, Water

Multi Family

  • Gross Operating Income: 34200.00
  • Units: 4
  • Total Expenses: 7580.00
  • Type Of Units: 4-Family

Tax Info

  • Taxes Paid: 4449
  • Assessor Parcel Number: 23-2-07-11-20-403-008

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2023
Closed on
Dec 15, 2023
Sold by
Archer Daniel and Archer Jamie
Bought by
Golley Trust
Seller's Agent
Chris Seniker
RE/MAX Alliance
Buyer's Agent
Antione Williams
Tarrant and Harman Real Estate and Auction Co
List Price
$289,000
Sold Price
$289,000
Views
11
Current Estimated Value
$305,822

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,822
Avg. Annual Appreciation
3.23%
Original Mortgage
$289,000
Outstanding Balance
$284,687
Interest Rate
7.5%
Mortgage Type
New Conventional
Estimated Equity
$21,135

Purchase Details

Listed on
May 17, 2018
Closed on
Jun 27, 2018
Sold by
J C Smith Construction Inc
Bought by
Archer Daniel and Archer Jamie
Seller's Agent
Dennis Dugan
Re/Max River Bend
Buyer's Agent
Sarah Seniker
RE/MAX Alliance
List Price
$119,500
Sold Price
$121,500
Premium/Discount to List
$2,000
1.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.16%
Original Mortgage
$97,200
Interest Rate
4.6%
Mortgage Type
New Conventional
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 Buyer Sale Price Title Company
Golley Trust $289,000 Serenity Title & Escrow
Archer Daniel $121,500 Community Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Golley Trust $289,000
Previous Owner Archer Daniel $97,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2023 12/15/23 Sold $289,000 0.0% $73 / Sq Ft
11/14/2023 11/14/23 Pending -- -- --
11/09/2023 11/09/23 For Sale $289,000 +137.9% $73 / Sq Ft
06/29/2018 06/29/18 Sold $121,500 +1.7% $31 / Sq Ft
05/22/2018 05/22/18 Pending -- -- --
05/17/2018 05/17/18 For Sale $119,500 -- $30 / Sq Ft
Source: MARIS MLS

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 $5,049 $62,110 $3,710 $58,400
2023 $5,049 $56,090 $3,350 $52,740
2022 $4,744 $50,710 $3,030 $47,680
2021 $4,366 $47,660 $2,850 $44,810
2020 $4,265 $45,960 $2,750 $43,210
2019 $4,411 $44,920 $2,690 $42,230
2018 $4,293 $43,750 $2,620 $41,130
2017 $4,232 $43,740 $2,620 $41,120
2016 $4,148 $43,740 $2,620 $41,120
2015 -- $43,740 $2,620 $41,120
2014 -- $43,740 $2,620 $41,120
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MARIS MLS

MLS Number: MIS23067089

MARIS MLS

APN: 23-2-07-11-20-403-008