NOT LISTED FOR SALE

509 & 525 W Washington St Springfield, IL 62704

Vinegar Hill Neighborhood

Estimated Value: $49,000 - $354,000

-- Bed
4 Baths
3,360 Sq Ft
$57/Sq Ft Est. Value

Last Sold January 10, 2024

Last sale price $285,000 $85 Per Sq Ft

Est. 33% decrease in value since last sale

Current estimated payment $1,009/month

111 Days on Market

Highlights

  • 0.52 Acre Lot
  • Corner Lot
  • Forced Air Heating System
  • Springfield High School Rated A-
  • Guest Parking

About This Home

As of January 2024

***Investor Alert*** Property consists of 2 duplexes (4 units). All units are 2 bed/1 bath each. 509: 1560 SF, 780 SF bsmt. 525: 1800SF, 900 SF bsmt. Property has excellent access to downtown and amenities. Units have been updated and are NICE! Extra lots too! Great views of State Capital Building & Downtown Springfield makes AirBNB a great option here too! Amazing investment!

Last Agent to Sell the Property

Joe Tetzlaff

RE/MAX Professionals Brokerage Phone: 217-416-3481 License #471000757 Listed on: 07/20/2023

RE/MAX Professionals

Last Buyer's Agent

Out of Area Out of Area

OUT OF AREA FIRM License #475085083

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,668

Year Built

  • Built in 1957

Lot Details

  • 0.52 Acre Lot
  • Corner Lot

Home Design

  • 3,360 Sq Ft Home
  • Brick Foundation
  • Block Foundation
  • Shingle Roof
  • Vinyl Siding

Basement

  • Basement Fills Entire Space Under The House
  • Crawl Space

Parking

  • 20 Parking Spaces
  • Guest Parking
  • Assigned Parking

Schools

  • Springfield District #186 High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • Trash Expense $420

Listing and Financial Details

  • Assessor Parcel Number 14280456051

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,668

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Residential Income
  • Year Built: 1957
  • New Construction: No
  • Structure Type: Duplex
  • Age55PlusDevelopment: No
  • Attribution Contact: Mobl: 217-416-3481
  • Special Features: None

Interior Features

  • Basement: Crawl Space, Full

Exterior Features

  • Lot Features: Corner Lot, Extra Lot, Other
  • Road Surface Type: Paved
  • Construction Type: Vinyl Siding
  • Foundation Details: Block, Brick
  • Roof: Shingle
  • 100YearPlain: Unknown

Garage/Parking

  • Parking Features: Assigned, Guest Parking, Oversized
  • Total Parking Spaces: 20

Utilities

  • Heating: Forced Air, Gas, Central Air
  • Laundry Features: Common Area
  • Water Source: Public Sewer, Public
  • GasExpense: 0
  • NumberOfRanges: 4
  • NumberofRefrigerators: 4
  • NumberOfWashers: 0
  • NumberOfDryers: 0
  • NumberOfDishwashers: 0
  • NumberOfWindowUnits: 0

Fee Information

  • Trash Expense: 420
  • AdvertisingExpense: 0

Schools

  • High School: Springfield District #186

Lot Info

  • Lot Size Acres: 0.523
  • Lot Size: irregular
  • Additional Parcels Description: 14280456039, 14280456044, 14280456045, 142804560456
  • Parcel #: 14280456051

Rental Info

  • Lease Term: Variable

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 7667.7
  • TaxExemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2023
Closed on
Jan 10, 2024
Sold by
Green Valley Properties Inc
Bought by
Board Of Education Of Springfield Public Scho
Seller's Agent
Joe Tetzlaff
RE/MAX Professionals
Buyer's Agent
Out of Area Out of Area
OUT OF AREA FIRM
List Price
$300,000
Sold Price
$285,000
Premium/Discount to List
-$15,000
-5%
Views
93
Current Estimated Value
$191,593

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$93,407
Avg. Annual Appreciation
-19.80%

Purchase Details

Closed on
Aug 26, 2022
Sold by
Sarah Saleemi
Bought by
Green Valley Properties Llc

Purchase Details

Listed on
Apr 18, 2022
Closed on
Jun 10, 2022
Sold by
Hemberger Molly K
Bought by
Saleemi Sarah
Seller's Agent
Joe Tetzlaff
RE/MAX Professionals
Buyer's Agent
Joe Tetzlaff
RE/MAX Professionals
List Price
$250,000
Sold Price
$251,000
Premium/Discount to List
$1,000
0.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-7.66%
Original Mortgage
$200,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 14, 2021
Sold by
Akw Llc
Bought by
Hemberger Molly K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,526
Interest Rate
3.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 20, 2020
Sold by
First Housing Development Group Inc
Bought by
Akw Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 1, 2015

Purchase Details

Closed on
Jul 16, 2014

Purchase Details

Closed on
Apr 25, 2013

Purchase Details

Closed on
Sep 16, 2005

Purchase Details

Closed on
Sep 28, 2004

Purchase Details

Closed on
Sep 14, 2004

Purchase Details

Closed on
Apr 26, 2004

Purchase Details

Closed on
Jun 21, 2001

Purchase Details

Closed on
Apr 30, 1999

Purchase Details

Closed on
Jun 7, 1996

Purchase Details

Closed on
Apr 30, 1996
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
Board Of Education Of Springfield Public Scho -- None Listed On Document
Green Valley Properties Llc -- Barber Segatto Hoffee Wilke &
Saleemi Sarah $251,000 Barber Segatto Hoffee Wilke &
Hemberger Molly K $235,000 Barber Segatto Hoffee Wilke &
-- -- --
-- -- --
-- -- --
-- $125,000 --
-- -- --
-- $175,000 --
-- -- --
-- $250,000 --
-- -- --
-- -- --
-- $200,000 --
Akw Llc $100,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Saleemi Sarah $200,000
Previous Owner Hemberger Molly K $234,526
Previous Owner Akw Llc $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/10/2024 01/10/24 Sold $285,000 -5.0% $85 / Sq Ft
11/08/2023 11/08/23 Pending -- -- --
10/02/2023 10/02/23 For Sale $300,000 0.0% $89 / Sq Ft
07/25/2023 07/25/23 Pending -- -- --
07/20/2023 07/20/23 For Sale $300,000 +19.5% $89 / Sq Ft
06/10/2022 06/10/22 Sold $251,000 +0.4% $75 / Sq Ft View Prior Sale
04/27/2022 04/27/22 Pending -- -- --
04/18/2022 04/18/22 For Sale $250,000 -- $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 $75 $893 $111 $782
2023 $3,604 $40,767 $5,052 $35,715
2022 $3,465 $38,671 $4,792 $33,879
2021 $2,735 $30,385 $4,613 $25,772
2020 $2,681 $30,431 $4,620 $25,811
2019 $1,712 $19,733 $4,604 $15,129
2018 $1,533 $18,140 $4,581 $13,559
2017 $1,501 $17,906 $4,522 $13,384
2016 $1,472 $17,645 $4,456 $13,189
2015 $646 $7,727 $4,402 $3,325
2014 $636 $7,678 $4,374 $3,304
2013 $622 $7,678 $4,374 $3,304
Source: Public Records

Agents Affiliated with this Home

  • Joe Tetzlaff

    Seller's Agent in 2024

    Joe Tetzlaff

    RE/MAX Professionals

    (217) 416-3481

    12 in this area

    214 Total Sales

    Joe Tetzlaff
    Section Image

  • O

    Buyer's Agent in 2024

    Out of Area Out of Area

    OUT OF AREA FIRM

See All Agents

Map

Source: RMLS Alliance

MLS Number: CA1023571

RMLS Alliance

APN: 14-28.0-456-051

Illinois Sangamon County Springfield 62702 Vinegar Hill

509 & 525 W Washington St, Springfield, IL

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