NOT LISTED FOR SALE

500 S Douglas Ave Springfield, IL 62704

Historic West Side Neighborhood

Estimated Value: $418,207

Studio
-- Bath
5,712 Sq Ft
$73/Sq Ft Est. Value

Last Sold October 23, 2024

Last sale price $385,000 $67 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $3,077/month

41 Days on Market

Highlights

  • Corner Lot
  • Springfield High School Rated A-
  • Baseboard Heating

About This Home

As of October 2024

Own a piece of Springfield, Illinois history! This grand scale dwelling, originally known as "The Samuel Sinclair Home", is situated in Springfield's Historic West Side Neighborhood, offering a prime location close to all downtown amenities and beautiful Washington Park. The structure features eight apartments total - four 2/1 units and four 1/1 units. Avg. apartment size is 1,035 sqft. 5/8 units are now vacant and ready for the next owner to select their own tenants. Offers a common area laundry room located on the 2nd level, a walk-up 3rd level/attic and an unfinished basement that previously hosted two additional units. Tenants pay electric, owner pays water. Home is said to have been built in 1867 by Washington Crowder, a prominent brick contractor of the times. During the Civil War, the land itself was part of Camp Yates, where Ulysses S. Grant took command of the Union troops in 1861. So much more than just an apartment building - a true token of the past! Showings are available to pre-approved buyers with 24 hour notice for the occupied units. Schedule your showing today!

Last Agent to Sell the Property

Crystal Germeraad

RE/MAX Professionals Brokerage Phone: 217-685-9575 License #475161193 Listed on: 07/24/2024

RE/MAX Professionals

Last Buyer's Agent

Krystal K Buscher

The Real Estate Group, Inc. License #475142742

The Real Estate Group, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,447

Year Built

  • Built in 1867

Lot Details

  • Lot Dimensions are 101 x 125
  • Corner Lot
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Shingle Roof
  • Stone

Interior Spaces

  • 5,712 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Parking

  • 8 Parking Spaces
  • On-Street Parking

Schools

  • Springfield High School

Utilities

  • Baseboard Heating

Community Details

  • Trash Expense $1,356

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 14-33.0-153-001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,447

Year Built

Built in 1867

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Residential Income
  • Year Built: 1867
  • New Construction: No
  • Structure Type: Apartment Building
  • Attribution Contact: Pref: 217-685-9575
  • Special Features: None

Interior Features

  • Basement: Full, Unfinished

Exterior Features

  • Lot Features: Corner Lot, Level
  • Construction Type: Brick Partial, Stone
  • Foundation Details: Brick
  • Roof: Shingle
  • 100YearPlain: No

Garage/Parking

  • Parking Features: On Street
  • Total Parking Spaces: 8

Utilities

  • Heating: Baseboard
  • Laundry Features: Common Area
  • Water Source: Public Sewer, Public
  • GasExpense: 1224
  • NumberOfRanges: 8
  • NumberofRefrigerators: 8
  • NumberOfWashers: 1
  • NumberOfDryers: 1
  • NumberOfWindowUnits: 8

Condo/Co-op/Association

  • Senior Community: No
  • LawnSnowRemoval: 0

Fee Information

  • Trash Expense: 1356
  • AdvertisingExpense: 0

Schools

  • High School: Springfield

Lot Info

  • Lot Size: 101 x 125
  • Parcel #: 14-33.0-153-001

Rental Info

  • Tenant Pays: Electricity

Tax Info

  • Tax Year: 23
  • Tax Annual Amount: 10446.64
  • TaxExemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2024
Closed on
Oct 23, 2024
Sold by
Tt Farms Inc
Bought by
Saavedra Jasmin
Seller's Agent
Crystal Germeraad
RE/MAX Professionals
Buyer's Agent
Krystal K Buscher
The Real Estate Group, Inc.
List Price
$425,000
Sold Price
$385,000
Premium/Discount to List
-$40,000
-9.41%
Views
57
Current Estimated Value
$418,207

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,207
Original Mortgage
$505,750
Outstanding Balance
$43,351
Interest Rate
6.2%
Mortgage Type
Construction

Purchase Details

Closed on
Feb 6, 2024
Sold by
Langheim Reese N
Bought by
Tt Farms Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,000
Interest Rate
6.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 12, 2012

Purchase Details

Closed on
Aug 8, 2011

Purchase Details

Closed on
Apr 12, 2002

Purchase Details

Closed on
Sep 2, 1999

Purchase Details

Closed on
Apr 15, 1996
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
Saavedra Jasmin $385,000 None Listed On Document
Tt Farms Inc $515,000 None Listed On Document
-- -- --
-- -- --
-- $287,000 --
-- $235,000 --
-- $320,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Saavedra Jasmin $505,750
Previous Owner Tt Farms Inc $154,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/23/2024 10/23/24 Sold $385,000 -9.4% $67 / Sq Ft
09/03/2024 09/03/24 Pending -- -- --
07/24/2024 07/24/24 For Sale $425,000 -- $74 / 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 $10,866 $129,362 $10,924 $118,438
2023 $10,447 $118,160 $9,978 $108,182
2022 $9,690 $108,137 $9,464 $98,673
2021 $9,369 $104,088 $9,110 $94,978
2020 $9,183 $104,245 $9,124 $95,121
2019 $9,012 $103,881 $9,092 $94,789
2018 $7,669 $90,764 $9,045 $81,719
2017 $7,510 $89,590 $8,928 $80,662
2016 $7,363 $88,284 $8,798 $79,486
2015 $7,291 $87,229 $8,693 $78,536
2014 $7,182 $86,666 $8,637 $78,029
2013 $8,772 $108,267 $8,637 $99,630
Source: Public Records

Agents Affiliated with this Home

  • Crystal Germeraad

    Seller's Agent in 2024

    Crystal Germeraad

    RE/MAX Professionals

    (217) 685-9575

    19 in this area

    291 Total Sales

    Crystal Germeraad
    Section Image
  • Krystal K Buscher

    Buyer's Agent in 2024

    Krystal K Buscher

    The Real Estate Group, Inc.

    (217) 553-9280

    8 in this area

    309 Total Sales

    Krystal K Buscher
    Section Image
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Map

Source: RMLS Alliance

MLS Number: CA1030693

RMLS Alliance

APN: 14-33.0-153-001

Illinois Sangamon County Springfield 62704 Historic West Side

500 S Douglas Ave, Springfield, IL

Not Listed for Sale

MultiFamily

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