NOT LISTED FOR SALE

509 W Washington St Unit 525 W Washington St Springfield, IL 62702

Vinegar Hill Neighborhood

Estimated Value: $43,000 - $262,000

8 Beds
4 Baths
3,360 Sq Ft
$41/Sq Ft Est. Value

Last Sold December 08, 2021

Last sale price $235,000 $70 Per Sq Ft

Est. 42% decrease in value since last sale

Current estimated payment $724/month

About This Home

As of December 2021

**Investor Alert** Property consists of 2 duplexes (4 units). All units are 2 bed/ 1 bath each. 509: 1560 SF, 780 SF bsmt. 525: 1800 SF, 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 and Downtown Springfield make AirBNB a great options here too! Amazing investment.

Last Agent to Sell the Property

Joe Tetzlaff

RE/MAX Professionals License #471000757 Listed on: 08/05/2021

RE/MAX Professionals

Last Buyer's Agent

Joe Tetzlaff

RE/MAX Professionals License #471000757 Listed on: 08/05/2021

RE/MAX Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,368

Year Built

  • Built in 1957

Lot Details

  • 5,924

Home Design

  • Duplex

Basement

  • Brick Basement
  • Block Basement Construction
  • Crawl Space

Schools

  • Springfield District #186 High School

Listing and Financial Details

  • Tenant pays for gas & electric

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,368

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: Duplex/Side by Side
  • Legal Description: See tax records
  • Lvt Date: 08/06/2021
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number of Ranges: 4
  • Number Refrigerators: 4
  • Basement: Block, Brick, Crawl Space
  • Price Per Sq Ft: 69.94
  • Total Sq Ft: 3360

Exterior Features

  • Exterior: Vinyl Siding
  • Road Access: Paved
  • Roofing: Shingles

Garage/Parking

  • Number Parking Spaces: 20

Utilities

  • Heating Cooling: Forced Air, Gas, Central Air
  • Water Sewer: Public Sewer, Public Water
  • Laundry Facilities: Common

Schools

  • High School: Springfield District #186

Lot Info

  • Estimated Lot Size: .523 acres
  • Lot Description: Corner, Extra Lot
  • Additional Assessor Parcel Numbers: 142804756046,14280456044,14280456045
  • Geo Subdivision: IL
  • Flood Plain: Unknown

Rental Info

  • Tenant Pays: Gas & Electric
  • Gross Annual Rent Income: 3300
  • Lease Information: Various Terms

Tax Info

  • Annual Taxes: 6367.65
  • Parcel Id Number Tax Id: 14280456039,14280456051
  • Tax Year: 2020

Multi Family

  • Total Number Units: 4
  • Gross Annual Income: 3300
  • Total Number Central Air Units: 2
  • Total Number Electric Meters: 4
  • Total Number Gas Meters: 2
  • Total Number Heating Units: 4
  • Total Number Water Heaters: 4
  • Total Number Water Meters: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 10, 2024
Sold by
Green Valley Properties Inc
Bought by
Board Of Education Of Springfield Public Scho
Current Estimated Value
$137,164

Purchase Details

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

Purchase Details

Closed on
Jun 10, 2022
Sold by
Hemberger Molly K
Bought by
Saleemi Sarah

Home Financials for this Owner

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

Purchase Details

Listed on
Aug 5, 2021
Closed on
Dec 14, 2021
Sold by
Akw Llc
Bought by
Hemberger Molly K
Seller's Agent
Joe Tetzlaff
RE/MAX Professionals
Buyer's Agent
Joe Tetzlaff
RE/MAX Professionals
List Price
$250,000
Sold Price
$235,000
Premium/Discount to List
-$15,000
-6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-12.93%
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
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
12/08/2021 12/08/21 Sold $235,000 -6.0% $70 / Sq Ft
10/24/2021 10/24/21 Pending -- -- --
08/05/2021 08/05/21 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 $68 $805 $92 $713
2023 $3,419 $38,671 $4,210 $34,461
2022 $3,287 $36,683 $3,994 $32,689
2021 $2,877 $31,962 $3,844 $28,118
2020 $2,820 $32,010 $3,850 $28,160
2019 $1,341 $15,458 $3,837 $11,621
2018 $1,428 $16,899 $3,818 $13,081
2017 $1,398 $16,681 $3,769 $12,912
2016 $1,371 $16,438 $3,714 $12,724
2015 $1,358 $16,242 $3,670 $12,572
2014 $1,337 $16,137 $3,646 $12,491
2013 $589 $7,267 $3,646 $3,621
Source: Public Records

Agents Affiliated with this Home

  • Joe Tetzlaff

    Seller's Agent in 2021

    Joe Tetzlaff

    RE/MAX Professionals

    (217) 416-3481

    12 in this area

    214 Total Sales

    Joe Tetzlaff
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Map

Source: RMLS Alliance

MLS Number: CA1009073

RMLS Alliance

APN: 14-28.0-456-039

Illinois Sangamon County Springfield 62702 Vinegar Hill

509 W Washington St Unit 525 W Washington St, Springfield, IL

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