NOT LISTED FOR SALE

509 W Jefferson Ave Effingham, IL 62401

Estimated Value: $127,000 - $226,000

1 Bed
2 Baths
1,134 Sq Ft
$139/Sq Ft Est. Value

Last Sold May 31, 2024

Last sale price $132,500 $117 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $1,055/month

8 Days on Market

About This Home

As of May 2024

Three unit Bungalow close to the center of town. 3 units and a 1 car detached garage. Upstairs loft style unit has been recently remodeled and can be shown. Unit 2 (front unit) is a 1 bedroom unit with long term tenants. Unit 3 (back unit) is also a 1 bedroom unit with long term tenant. This is 1 of 4 properties on the corner of Maple and Jefferson for sale.

Last Agent to Sell the Property

Jeff Speer

RE/MAX Key Advantage License #471000363 Listed on: 04/22/2024

RE/MAX Key Advantage

Co-Listed By

Alexis Speer

RE/MAX Key Advantage License #3430476

Last Buyer's Agent

Lantz Wills

C21 Realty Concepts License #475162742

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,244

Year Built

  • Built in 1920

Lot Details

  • 6,098

Home Design

  • Triplex
  • Shingle Roof

Interior Spaces

  • 1,134 Sq Ft Home
  • 2-Story Property

Additional Features

  • 6,098 Sq Ft Lot
  • Gas Water Heater

Listing and Financial Details

  • The owner pays for trash collection, water
  • Assessor Parcel Number 0316030030

Community Details

Overview

  • 3 Units
  • Western Add Subdivision

Building Details

  • Operating Expense $4,240
  • Net Operating Income $7,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,244

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Above Grade Finished Sq Ft: 1134.0
  • Co List Office Mls Id: 130
  • Co List Office Phone: (217) 347-0404
  • Lot Size Acres: 0.14
  • Property Sub Type: Triplex
  • Prop. Type: Residential Income
  • Building Stories: 2
  • Subdivision Name: Western Add
  • Year Built: 1920
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Property Sub Type Additional: Triplex
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Gas Water Heater
  • Owner Pays: Trash Collection, Water
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Roof: Shingle
  • Waterfront: No

Utilities

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

Schools

  • Junior High Dist: Effingham Dist. 40

Lot Info

  • Lot Size Sq Ft: 6098.0
  • Parcel #: 0316030030
  • Zoning: RES
  • ResoLotSizeUnits: Acres

Multi Family

  • Property Net Operating Income: 7600.0
  • Number Of Units Total: 3
  • Annual Operating Expense: 4240.0

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 2244.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2024
Closed on
May 31, 2024
Sold by
Schallert Trust and Schallert Steven G
Bought by
Berg Larry D and Berg Barbara J
Seller's Agent
Jeff Speer
RE/MAX Key Advantage
Buyer's Agent
Lantz Wills
C21 Realty Concepts
List Price
$139,000
Sold Price
$132,500
Premium/Discount to List
-$6,500
-4.68%
Views
30
Current Estimated Value
$157,080

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,580
Avg. Annual Appreciation
12.81%
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
Berg Larry D $532,500 None Listed On Document
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2024 05/31/24 Sold $132,500 0.0% $117 / Sq Ft
05/01/2024 05/01/24 Pending -- -- --
04/23/2024 04/23/24 Price Changed $132,500 -4.7% $117 / Sq Ft
04/22/2024 04/22/24 For Sale $139,000 -- $123 / Sq Ft
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 $2,391 $35,120 $8,690 $26,430
2022 $2,156 $32,220 $7,970 $24,250
2021 $2,314 $31,900 $7,890 $24,010
2020 $2,272 $31,000 $7,670 $23,330
2019 $2,229 $30,690 $7,590 $23,100
2018 $2,156 $29,510 $7,300 $22,210
2017 $2,120 $28,930 $7,160 $21,770
2016 $2,075 $28,090 $6,950 $21,140
2015 -- $27,270 $6,750 $20,520
2014 -- $26,470 $6,550 $19,920
2013 -- $25,950 $6,420 $19,530
2012 -- $25,570 $6,330 $19,240
Source: Public Records

Agents Affiliated with this Home

  • Jeff Speer

    Seller's Agent in 2024

    Jeff Speer

    RE/MAX

    (217) 347-0404

    180 Total Sales

    Jeff Speer
    Section Image
  • Alexis Speer

    Seller Co-Listing Agent in 2024

    Alexis Speer

    RE/MAX

    (217) 821-2904

    103 Total Sales

    Alexis Speer
    Section Image

  • L

    Buyer's Agent in 2024

    Lantz Wills

    C21 Realty Concepts

    (618) 483-3000

    36 Total Sales

    Lantz Wills
    Section Image
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Map

Source: Central Illinois Board of REALTORS®

MLS Number: 6241429

APN: 0316030030

Illinois Effingham County Effingham 62401

509 W Jefferson Ave, Effingham, IL

This home is located at 509 W Jefferson Ave, Effingham, IL 62401 since 22 April 2024 and is currently estimated at $157,080, approximately $138 per square foot. This property was built in 1920. 509 W Jefferson Ave 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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