NOT LISTED FOR SALE

417 W Capitol Ave Springfield, IL 62704

Vinegar Hill Neighborhood

Estimated Value: $119,000 - $266,858

6 Beds
4 Baths
3,920 Sq Ft
$49/Sq Ft Est. Value

Last Sold December 08, 2022

Last sale price $180,000 $46 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $1,192/month

70 Days on Market

About This Home

As of December 2022

Awesome opportunity to own this income property! The building is fully occupied. Tenants in Apt 2 and 4 are long term tenants for over 10 years. New roof in 2020 and new AC in unit 1 in 2020. Owner pays water/sewer and trash. Units layout make it easy to convert into 2 bed 1 bath units. Owner paid common area electric, and water/sewer- total for 2021 was $1,320.

Last Agent to Sell the Property

KC SULLIVAN

The Real Estate Group, Inc. License #475121673 Listed on: 08/26/2022

The Real Estate Group, Inc.

Last Buyer's Agent

Ken Lowery

IN BETWEEN OFFICES License #475122753

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,584

Year Built

  • Built in 1930

Lot Details

  • 6,360

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House

Schools

  • Springfield District #186 High School

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,584

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: 2+ Story
  • Legal Description: L 12 B 3 THOS LEWIS 3RD ADDN
  • Lvt Date: 08/26/2022
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Price Per Sq Ft: 45.92
  • Total Sq Ft: 3920

Exterior Features

  • Exterior: Brick
  • Roofing: Shingles

Garage/Parking

  • Garage Parking: Parking Slab
  • Number Parking Spaces: 6

Utilities

  • Heating Cooling: Forced Air, Central Air
  • Water Sewer: Public Sewer, Public Water
  • Garbage Collection Exp: 1080
  • Laundry Facilities: Private

Schools

  • High School: Springfield District #186

Lot Info

  • Estimated Lot Size: 40x158.33
  • Lot Description: Level
  • Geo Subdivision: IL
  • Flood Plain: Unknown

Rental Info

  • Gross Annual Rent Income: 29100
  • Management Expense: 2182

Tax Info

  • Annual Taxes: 3583.8
  • Parcel Id Number Tax Id: 14-33.0-207-014
  • Tax Year: 2021

Multi Family

  • Total Number Units: 4
  • Gross Annual Income: 29100
  • Total Number Central Air Units: 4
  • Total Number Electric Meters: 5
  • Total Number Gas Meters: 4
  • Total Number Heating Units: 4
  • Total Number Water Heaters: 4
  • Total Number Water Meters: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2022
Closed on
Dec 13, 2022
Sold by
S And Z Property Brothers Llc Series 3
Bought by
Vanhuss Custom Properties Inc
Seller's Agent
KC SULLIVAN
The Real Estate Group, Inc.
Buyer's Agent
Ken Lowery
IN BETWEEN OFFICES
List Price
$219,900
Sold Price
$180,000
Premium/Discount to List
-$39,900
-18.14%
Views
248
Current Estimated Value
$191,465

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,465
Avg. Annual Appreciation
2.03%
Original Mortgage
$180,857
Outstanding Balance
$86,250
Interest Rate
7.08%
Mortgage Type
New Conventional
Estimated Equity
$105,215

Purchase Details

Closed on
Jan 28, 2000

Purchase Details

Closed on
Aug 8, 1997

Purchase Details

Closed on
May 30, 1995
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
Vanhuss Custom Properties Inc $180,000 --
-- -- --
-- $82,000 --
-- $66,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vanhuss Custom Properties Inc $180,857
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/08/2022 12/08/22 Sold $180,000 -10.0% $46 / Sq Ft
11/04/2022 11/04/22 Pending -- -- --
10/26/2022 10/26/22 Price Changed $199,900 -7.0% $51 / Sq Ft
09/16/2022 09/16/22 Price Changed $214,900 -2.3% $55 / Sq Ft
08/26/2022 08/26/22 For Sale $219,900 -- $56 / Sq Ft
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 $6,655 $79,229 $24,468 $54,761
2023 $6,398 $72,368 $22,349 $50,019
2022 $3,707 $41,365 $21,200 $20,165
2021 $3,584 $39,816 $20,406 $19,410
2020 $1,996 $22,662 $20,436 $2,226
2019 $3,447 $39,736 $20,365 $19,371
2018 $3,146 $37,237 $20,260 $16,977
2017 $3,081 $36,755 $19,998 $16,757
2016 $3,021 $36,219 $19,706 $16,513
2015 $2,991 $35,786 $19,470 $16,316
2014 $2,946 $35,555 $19,344 $16,211
2013 $2,881 $35,555 $19,344 $16,211
Source: Public Records

Agents Affiliated with this Home

  • KC SULLIVAN

    Seller's Agent in 2022

    KC SULLIVAN

    The Real Estate Group, Inc.

    (217) 416-3681

    6 in this area

    237 Total Sales

    KC SULLIVAN
    Section Image

  • K

    Buyer's Agent in 2022

    Ken Lowery

    IN BETWEEN OFFICES

    Section Image
See All Agents

Map

Source: RMLS Alliance

MLS Number: RMACA1017575

RMLS Alliance

APN: 14-33.0-207-014

Illinois Sangamon County Springfield 62704 Vinegar Hill

417 W Capitol Ave, Springfield, IL

Not Listed for Sale

MultiFamily

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