NOT LISTED FOR SALE

414 S Kickapoo St Lincoln, IL 62656

Estimated Value: $111,809

-- Bed
-- Bath
-- Sq Ft
9,453 Sq Ft Lot

Last Sold October 07, 2022

Last sale price $92,000

Est. 22% increase in value since last sale

Current estimated payment $702/month

183 Days on Market

About This Home

As of October 2022

Commercially zoned two story concrete block structure situated just steps from the historic downtown district and within walking distance of LCHS and the Lincoln Park District. Main floor of structure boasts a generous show room with great floor space and natural light (large desk to remain upon settlement), a large finished work room, kitchenette, and bath. The upper level features two separate one bedroom rental units with separate exterior access. Units are currently rented for $400/month and $475/month. Tenants pay for Ameren; seller pays for remaining utilities. Rear of structure boasts massive garage/work/storage space -- three separate areas to be exact -- plus a huge storage area. Side off-street parking area, too. Efficient hot water heat. Currently used as an appliance sales/repair shop, this generous conveniently situated structure has LOADS of possibilities!

Last Agent to Sell the Property

Seth Goodman

ME Realty License #475126097 Listed on: 02/23/2022

Last Buyer's Agent

Michael Simonson

Werth & Assoc, REALTORS License #475130057

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $3,303

Lot Details

  • 9,453

Utilities

  • Cooling System Mounted To A Wall/Window
  • Hot Water Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electric, gas
  • The owner pays for insurance, internal maintenance, real estate taxes, roof, snow/lawn, structural maintenance, trash, water/sewer

Property Details

Property Type

Other

Est. Annual Taxes

$3,303

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Office, Retail
  • Lvt Date: 02/23/2022
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete, Carpeted, Tile/Vinyl
  • Total Building Sq Ft: 8436

Exterior Features

  • Exterior Finish: Block, Concrete
  • Frontage Access: City Street
  • Insulation: Unknown
  • Roof Construction: Sloped
  • Wall Construction: Block

Utilities

  • Cooling: Wall/Window
  • Heating: Gas, Hot Water
  • Water Supply: Municipal/City

Lot Info

  • Zoning: Commercial
  • Estimated Land Size: 70X180, 20X87, 45X40
  • Geo Subdivision: IL
  • Property Use: Office Showroom, Freestanding Building

Rental Info

  • Owner Pays: Insurance, Internal Maintenance, Real Estate Taxes, Roof, Snow/Lawn, Structural Maintenance, Trash, Water/Sewer
  • Sale Lease Includes: Building
  • Tenant Pays: Electric, Gas

Tax Info

  • Annual Taxes: 3302.96
  • Parcel Id Number Tax Id: 08-215-137-00
  • Tax Incentive: None
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2022
Closed on
Oct 7, 2022
Sold by
Central Illinois Appliance Repair Inc
Bought by
Taylor Charles and Taylor Susan
Seller's Agent
Seth Goodman
ME Realty
Buyer's Agent
Michael Simonson
Werth & Assoc, REALTORS
List Price
$135,000
Sold Price
$92,000
Premium/Discount to List
-$43,000
-31.85%
Current Estimated Value
$111,809

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,809
Avg. Annual Appreciation
6.43%
Original Mortgage
$91,794
Outstanding Balance
$88,022
Interest Rate
5.55%
Mortgage Type
New Conventional
Estimated Equity
$23,787

Purchase Details

Closed on
Oct 19, 2018
Sold by
Mcquellons Plumbing & Appliances Co Inc
Bought by
Central Illinois Appliance Repair Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,000
Interest Rate
5.24%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 5, 2007
Sold by
Mcquellon'S Plumbing and Appliances Co Inc
Bought by
Mcquellon'S Plumbing and Mcquellon'S Appliances C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Taylor Charles $92,000 None Available
Central Illinois Appliance Repair Inc $60,000 None Available
Mcquellon'S Plumbing -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Taylor Charles $91,794
Previous Owner Central Illinois Appliance Repair Inc $48,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/07/2022 10/07/22 Sold $92,000 -7.1% --
08/25/2022 08/25/22 Pending -- -- --
08/24/2022 08/24/22 Price Changed $99,000 -10.0% --
05/15/2022 05/15/22 Price Changed $110,000 -4.3% --
03/15/2022 03/15/22 Price Changed $115,000 -14.8% --
02/23/2022 02/23/22 For Sale $135,000 -- --
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 $3,682 $40,160 $6,380 $33,780
2023 $3,517 $37,190 $5,910 $31,280
2022 $3,429 $34,750 $5,520 $29,230
2021 $3,303 $33,360 $5,300 $28,060
2020 $3,261 $32,870 $5,220 $27,650
2019 $3,256 $32,870 $5,220 $27,650
2018 $3,231 $32,230 $5,120 $27,110
2017 $3,212 $32,230 $5,120 $27,110
2016 $3,129 $32,190 $5,110 $27,080
2015 $3,042 $31,110 $4,940 $26,170
2014 $3,042 $31,110 $4,940 $26,170
2013 $3,042 $29,530 $4,690 $24,840
2012 $3,042 $30,060 $4,770 $25,290
Source: Public Records

Agents Affiliated with this Home

  • Seth Goodman

    Seller's Agent in 2022

    Seth Goodman

    ME Realty

    (217) 737-3742

    953 in this area

    1,880 Total Sales

    Seth Goodman
    Section Image

  • M

    Buyer's Agent in 2022

    Michael Simonson

    Werth & Assoc, REALTORS

    (217) 737-7234

    41 in this area

    55 Total Sales

    Michael Simonson
    Section Image
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Map

Source: RMLS Alliance

MLS Number: CA1012560

RMLS Alliance

APN: 08-215-137-00

Illinois Logan County Lincoln 62656

414 S Kickapoo St, Lincoln, IL

Not Listed for Sale

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