NOT LISTED FOR SALE

501 S Laurel St Staunton, IL 62088

Estimated Value: $85,290

-- Bed
-- Bath
-- Sq Ft
5,663 Sq Ft Lot

Last Sold June 01, 2018

Last sale price $65,000

Est. 31% increase in value since last sale

Current estimated payment $625/month

130 Days on Market

About This Home

As of June 2018

What a great investment in Staunton. The building has it all. The property comes with 3 well maintained units. The units are labeled as A (second floor), B (1st floor), C (Basement/Lower Level). Apartments A and B are two bedroom apartments, however apartment A can be used as a three bedroom unit. All apartments have been well kept throughout the years and are low maintenance. The property has 1 year lease terms and currently all 3 units are occupied. The property has access from the front door and from the back via stairs and recently renovated deck. Located at the rear of the property is an over sized garage that is the envy of many different storage needs. The garage has extra tall ceilings and has limitless possibilities.

Last Agent to Sell the Property

Mike Mihelcic

RE/MAX Alliance License #475155256 Listed on: 01/21/2018

RE/MAX Alliance

Last Buyer's Agent

John Masinelli

Masinelli Real Estate License #471001286

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,901

Year Built

  • 1940

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 33x172.5

Parking

  • Detached Garage

Home Design

  • Triplex

Utilities

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

Listing and Financial Details

  • Tenant pays for electric

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,901

Year Built

1940

Lot Details

0

Listing Details

  • Property Type: Multi-Family 2-4
  • Special Description: No Exemptions
  • Age: 78
  • Ownership: Private
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1940

Interior Features

  • Square Footage Unknown: Yes

Garage/Parking

  • Parking: 1-2 Car Detached Grg

Utilities

  • Sewer: Public
  • Water: Public
  • Water Heater: Gas
  • Cooling: Central-Electric
  • Heating: Forced Air

Schools

  • School District: STAUNTON DIST 6
  • Elementary School: STAUNTON DIST 6
  • Middle School: STAUNTON DIST 6
  • High School: Staunton

Lot Info

  • Lot Dimensions: 33x172.5
  • Lot Sq Ft: 5663
  • Acres: 0.1300

Rental Info

  • Tenancy Type: Leases
  • Tenant Pays: Electric

Multi Family

  • Units: 1
  • Type Of Units: 3-Family

Tax Info

  • Taxes Paid: 1711

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 20, 2022
Sold by
Bridges Bobby
Bought by
Lsd Properties Inc
Current Estimated Value
$85,290

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,000
Outstanding Balance
$79,326
Interest Rate
6.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 25, 2019
Sold by
Bridges Bobby and Bridges Jessica A
Bought by
Bridges Bobby

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 21, 2018
Closed on
Jun 1, 2018
Sold by
Moss Nancy L and Habermehl Ronald R
Bought by
Bridges Bobby and Bridges Jessica
Seller's Agent
Mike Mihelcic
RE/MAX Alliance
Buyer's Agent
John Masinelli
Masinelli Real Estate
List Price
$74,900
Sold Price
$65,000
Premium/Discount to List
-$9,900
-13.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,000
Interest Rate
5.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 12, 2004
Bought by
Moss Nancy
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
Lsd Properties Inc -- Community Title
Bridges Bobby -- Community Title & Escrow
Bridges Bobby $65,000 Quality Title
Moss Nancy $69,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lsd Properties Inc $151,000
Previous Owner Bridges Bobby $250,000
Previous Owner Bridges Bobby $52,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2018 06/01/18 Sold $65,000 -13.2% --
06/01/2018 06/01/18 Pending -- -- --
01/21/2018 01/21/18 For Sale $74,900 -- --
Source: MARIS MLS

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 $1,901 $34,225 $3,486 $30,739
2023 $1,901 $31,690 $3,228 $28,462
2022 $1,901 $29,617 $3,017 $26,600
2021 $1,768 $27,680 $2,820 $24,860
2020 $1,766 $26,616 $2,712 $23,904
2019 $1,744 $26,094 $2,659 $23,435
2018 $1,749 $26,094 $2,659 $23,435
2017 $1,675 $24,780 $2,525 $22,255
2016 $1,725 $24,780 $2,525 $22,255
2015 $1,638 $24,780 $2,525 $22,255
2014 $1,627 $24,780 $2,525 $22,255
2013 $1,598 $25,286 $2,577 $22,709
Source: Public Records

Agents Affiliated with this Home

  • Mike Mihelcic

    Seller's Agent in 2018

    Mike Mihelcic

    RE/MAX Alliance

    (618) 339-5752

    61 in this area

    261 Total Sales

    Section Image

  • J

    Buyer's Agent in 2018

    John Masinelli

    Masinelli Real Estate

    (618) 410-8444

    27 in this area

    51 Total Sales

    Section Image
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Map

Source: MARIS MLS

MLS Number: MIS18003847

MARIS MLS

APN: 01-001-664-01

Illinois Macoupin County Staunton 62088

501 S Laurel St, Staunton, IL

This home is located at 501 S Laurel St, Staunton, IL 62088 since 21 January 2018 and is currently priced at $85,290. This property was built in 1940. 501 S Laurel St is a home located in Macoupin County with nearby schools including Staunton Elementary School, Staunton Junior High School, and Staunton High School.

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