NOT LISTED FOR SALE

4121 S Water Tower Place Mount Vernon, IL 62864

Estimated Value: $543,627

-- Bed
-- Bath
-- Sq Ft
1 Acres

About This Home

As of October 2019

Fronting two major streets in the growing west side, this highly visible office complex, with over 4,100 square feet, is a must see for any investor. In an area with increasing traffic count, the building sets on 1.0+- acres, with plenty of room for future building expansion. Long term tenants, near medical offices/hospitals, shopping services and restaurants.Disclosure: Each unit has separate rest rooms, 2 each, HVAC systems and alarm systems. Building is in the enterprise zone.

Last Agent to Rent the Property

Mark Terry

RE/MAX Elite License #471020978 Listed on: 02/01/2019

RE/MAX Elite

Last Renter's Agent

Mark Terry

RE/MAX Elite License #471020978 Listed on: 02/01/2019

RE/MAX Elite

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $13,028

Year Built

  • Built in 1996

Lot Details

  • 1

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Property Details

Property Type

Other

Est. Annual Taxes

$13,028

Year Built

Built in 1996

Lot Details

0

Rental Info

  • Sale Lease Includes: Sale/Lease Other

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Investment
  • Legal Description: Real Estate Only
  • Year Built: 1996
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpeted
  • Half Basement: No Basement

Exterior Features

  • Exterior Finish: Brick
  • Roof Construction: Asphalt/Fiberglass
  • Construction: Framed On Site
  • Foundation: Slab

Garage/Parking

  • Numberparking Spaces Allocated: 31

Utilities

  • Electric Company: Ameren
  • Cooling: Central Air
  • Heating: Forced Air, Gas
  • Water Supply: Municipal/City
  • Gas Company: Ameren
  • Water Company: City of Mount Vernon
  • Electric: 200 Amp Box

Association/Amenities

  • Additional Amenities: Smoke Detector
  • Amenities: Other Amenities

Lot Info

  • Estimated Number of Acres: 1
  • Zoning: Business
  • Estimated Land Size: 222.53x151.32x247.7x176.5
  • Geo Subdivision: IL
  • Irregular Lot: No
  • Property Use: Outlet Center

Tax Info

  • Annual Taxes: 13028
  • Parcel Id Number Tax Id: 0636301002
  • Tax Incentive: None
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2019
Closed on
Oct 4, 2019
Sold by
W & A Investments
Bought by
Water Tower 1 Llc
Seller's Agent
Mark Terry
RE/MAX Elite
Buyer's Agent
Mark Terry
RE/MAX Elite
Sold Price
$420,000
Current Estimated Value
$543,627

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$123,627
Original Mortgage
$336,000
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 1, 2010
Sold by
Acklin Richard and Acklin Christine
Bought by
Wielt Anthony and Wielt Julie

Purchase Details

Closed on
Apr 25, 2008
Sold by
Martin Kevin D and Martin Mary C
Bought by
Wielt Anthony and Wielt Julie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$306,000
Interest Rate
5.88%
Mortgage Type
Commercial
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
Water Tower 1 Llc -- --
Wielt Anthony -- None Available
Wielt Anthony $360,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Water Tower 1 Llc $336,000
Previous Owner Wielt Anthony $306,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/04/2019 10/04/19 Rented $420,000 -11.6% --
08/20/2019 08/20/19 Under Contract -- -- --
02/01/2019 02/01/19 For Rent $475,000 -- --
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 $12,161 $144,494 $23,997 $120,497
2023 $12,162 $144,494 $23,997 $120,497
2022 $13,340 $143,761 $23,526 $120,235
2021 $13,363 $143,761 $23,526 $120,235
2020 $13,291 $132,979 $20,610 $112,369
2019 $13,137 $132,979 $20,610 $112,369
2018 $13,028 $132,979 $20,610 $112,369
2017 $12,778 $132,979 $20,610 $112,369
2016 $12,500 $132,979 $20,610 $112,369
2015 $12,246 $132,979 $20,610 $112,369
2014 $10,570 $132,979 $20,610 $112,369
2013 $10,570 $131,662 $20,406 $111,256
Source: Public Records

Agents Affiliated with this Home

  • M

    Landlord's Agent in 2019

    Mark Terry

    RE/MAX

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Map

Source: RMLS Alliance

MLS Number: RMAEB425727

RMLS Alliance

APN: 06-36-301-002

Illinois Jefferson County Mount Vernon 62864

4121 S Water Tower Place, Mount Vernon, IL

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