NOT LISTED FOR SALE

500 S 5th St Effingham, IL 62401

Estimated Value: $235,667

-- Bed
1 Bath
1,012 Sq Ft
$233/Sq Ft Est. Value

Last Sold August 02, 2024

Last sale price $250,000 $247 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $1,328/month

About This Home

As of August 2024

MASSIVE INVESTMENT OPPORTUNITY!! THE PRICE REFLECTS A TOTAL OF THREE PROPERTIES BEING SOLD TOGETHER! SEE ADDITIONAL LISTINGS!!!! These homes are located within a short walk of downtown Effingham and Bliss Park! This home offers 2 units for rent of which 1 is currently being rented and the other half is almost completely remodeled! This is a package deal but seller may be willing to separate them depending on offer! 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

  • $526

Year Built

  • Built in 1900

Lot Details

  • 4,356

Parking

  • Detached Garage

Home Design

  • Duplex
  • Shingle Roof
  • Vinyl Siding

Additional Features

  • 2-Story Property
  • 4,356 Sq Ft Lot
  • Gas Water Heater

Community Details

  • 2 Units
  • Railroad Add Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 0316036012

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$526

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Lot Size Acres: 0.1
  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Building Stories: 2
  • Subdivision Name: Railroad Add
  • Year Built: 1900
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Property Sub Type Additional: Duplex
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Gas Water Heater
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

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

Garage/Parking

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

Utilities

  • Cooling: Other
  • Water Source: Public
  • Sewer: Public Sewer

Schools

  • Junior High Dist: Effingham Dist. 40

Lot Info

  • Lot Size Sq Ft: 4356.0
  • Parcel #: 0316036012
  • Zoning: RES
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 526.0

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
$235,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$14,333
Avg. Annual Appreciation
-5.27%
Original Mortgage
$66,660
Outstanding Balance
$65,966
Interest Rate
6.87%
Mortgage Type
Credit Line Revolving
Estimated Equity
$169,701

Purchase Details

Closed on
Aug 18, 2017
Sold by
Fp7 Enterprises Llc
Bought by
Bruno Robin Kay

Purchase Details

Closed on
Jan 2, 2008
Sold by
Moore Stephen A
Bought by
Fp7 Enterprises Llc
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
Rack Properties Llc $750,000 None Listed On Document
Bruno Robin Kay -- Attorney
Fp7 Enterprises Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rack Properties Llc $66,660
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/02/2024 08/02/24 Sold $250,000 0.0% $247 / Sq Ft
08/02/2024 08/02/24 For Sale $250,000 0.0% $247 / Sq Ft
09/14/2020 09/14/20 Rented $750 -11.8% --
09/14/2020 09/14/20 Under Contract -- -- --
06/08/2020 06/08/20 For Rent $850 -- --
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
2023 $560 $8,220 $6,020 $2,200
2022 $506 $7,540 $5,520 $2,020
2021 $542 $7,470 $5,470 $2,000
2020 $532 $7,260 $5,320 $1,940
2019 $522 $7,190 $5,270 $1,920
2018 $506 $6,920 $5,070 $1,850
2017 $497 $6,780 $4,970 $1,810
2016 $487 $6,590 $4,830 $1,760
2015 -- $6,400 $4,690 $1,710
2014 -- $6,210 $4,550 $1,660
2013 -- $6,090 $4,460 $1,630
2012 -- $6,000 $4,390 $1,610
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2024

    Matt Dammerman

    Dammerman & Associates Benchmark Realty

    (217) 259-3277

    186 Total Sales

    Matt Dammerman
    Section Image
  • Jeff Speer

    Seller's Agent in 2020

    Jeff Speer

    RE/MAX

    (217) 347-0404

    179 Total Sales

    Jeff Speer
    Section Image
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Map

Source: Central Illinois Board of REALTORS®

MLS Number: 6243646

APN: 0316036012

Illinois Effingham County Effingham 62401

500 S 5th St, Effingham, IL

This home is located at 500 S 5th St, Effingham, IL 62401 since 02 August 2024 and is currently priced at $235,667, approximately $232 per square foot. This property was built in 1900. 500 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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