Art Geen
Full Circle Realty
(217) 916-2418
49 Total Sales
28 in Effingham
$83K - $490K Price Range
513 N 3rd St Effingham, IL 62401
Effingham AreaEstimated Value: $197,000 - $538,000
4
Beds
2
Baths
1,988
Sq Ft
$155/Sq Ft
Est. Value
Highlights
- 1 Fireplace
- Walk-In Closet
- Central Air
- 2.5 Car Detached Garage
- Bungalow
- Heating System Uses Gas
About This Home
As of April 2024Welcome to this fantastic upstairs-downstairs duplex, located in the heart of Effingham. Whether you're an investor looking for a solid return or a homeowner seeking rental income potential, this property offers both. With a remarkable 9% Cap Rate, it's an excellent addition to your investment portfolio, or a creative way to reduce your primary homes mortgage expense.
Upstairs Unit:
- Charming 2-Bedroom 1 Bathroom layout
- Cozy living room with plenty of natural lighting
- Gorgeous original woodwork around doors and trim
- New LVP in 2022
- Current Rent $1,550 Fully Furnished
Downstairs Unit:
-Spacious 2-Bedroom 1 Bathroom Layout
-Formal Dining Room
-Modern Kitchen with Granite Countertops
-Updated Bathroom with His and Hers Sinks
-Cozy Sunroom
-Gorgeous Wood Floor and Built-ins throughout
-Current Rent $1300/ month with 2.5 Car Detached Garage
Last Agent to Sell the Property
KELLER WILLIAMS-TREC License #475204739 Listed on: 10/13/2023
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,895
Year Built
- Built in 1935
Lot Details
- 7,405 Sq Ft Lot
Parking
- 2.5 Car Detached Garage
Home Design
- Duplex
- Bungalow
- Brick Exterior Construction
- Asphalt Roof
- Vinyl Siding
Interior Spaces
- 1-Story Property
- 1 Fireplace
- Unfinished Basement
- Basement Fills Entire Space Under The House
Kitchen
- Oven
- Cooktop with Range Hood
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 4 Bedrooms
- Walk-In Closet
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Utilities
- Central Air
- Heating System Uses Gas
- Gas Water Heater
Community Details
- Schleppers Sub Subdivision
Listing and Financial Details
- Assessor Parcel Number 0316013022
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 13, 2023
Closed on
Apr 3, 2024
Sold by
Willhouse Rentals Llc
Bought by
Seller's Agent
Blake McWilliams
KELLER WILLIAMS-TREC
Buyer's Agent
Alex Steppe
RE/MAX Key Advantage
List Price
$249,900
Sold Price
$230,000
Premium/Discount to List
-$19,900
-7.96%
Views
131
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,974
Avg. Annual Appreciation
12.93%
Original Mortgage
$230,000
Interest Rate
6.9%
Mortgage Type
VA
Purchase Details
Listed on
Jul 30, 2021
Closed on
Jan 3, 2022
Sold by
Wagner Debra J and Wagner Douglas E
Bought by
Willhouse Rentals Llc
Seller's Agent
Deborah Sanders
Dammerman and Associates Elite Realty
Buyer's Agent
Jan Berkbigler
RE/MAX Key Advantage
List Price
$175,900
Sold Price
$168,000
Premium/Discount to List
-$7,900
-4.49%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.98%
Original Mortgage
$142,800
Interest Rate
5.52%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 9, 2018
Sold by
Baker George Robert
Bought by
Wagner Debra J and Wagner Douglas E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,150
Interest Rate
4.75%
Mortgage Type
VA
Purchase Details
Closed on
Jan 19, 2012
Sold by
Baker Beverly A
Bought by
Baker Russ A
Purchase Details
Closed on
Jun 10, 2010
Sold by
Baker George R and George R Baker Trust
Bought by
Baker Russ A and Baker Beverly A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,800
Interest Rate
4.58%
Mortgage Type
New Conventional
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Effingham, IL
-
Art Geen
-
Matt Forcum
Matt Forcum
Shelby Realty Services
(217) 708-3538
107 Total Sales
20 in Effingham
$65K - $1.5M Price Range
-
Blake McWilliams
Blake McWilliams
RE/MAX Key Advantage
(618) 403-1246
42 Total Sales
16 in Effingham
$101K - $379K Price Range
-
Vanessa Skavlem
Vanessa Skavlem
THATS A WRAP REALTY
(618) 352-7037
80 Total Sales
26 in Effingham
$88K - $500K Price Range
-
Julie Willingham
Julie Willingham
Responds QuicklyPremier Realtors
(217) 846-8144
231 Total Sales
4 in Effingham
$123K - $170K Price Range
-
Taylor Dammerman
Taylor Dammerman
Responds QuicklyDammerman & Associates Benchmark Realty
(217) 708-3191
100 Total Sales
55 in Effingham
$68K - $355K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $690,000 | None Listed On Document | ||
| Willhouse Rentals Llc | $168,000 | Law Group Of Illinois Ltd | |
| Wagner Debra J | $100,000 | Attorney | |
| Baker Russ A | -- | None Available | |
| Baker Russ A | $75,000 | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $238,550 | ||
| Closed | Drake Caleb | $230,000 | |
| Previous Owner | Willhouse Rentals Llc | $142,800 | |
| Previous Owner | Wagner Douglas E | $25,000 | |
| Previous Owner | Wagner Debra J | $102,150 | |
| Previous Owner | Baker Russ A | $105,800 | |
| Previous Owner | Baker Russ A | $95,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/03/2024 04/03/24 | Sold | $230,000 | -1.7% | $116 / Sq Ft | |
| 02/13/2024 02/13/24 | Pending | -- | -- | -- | |
| 01/29/2024 01/29/24 | Price Changed | $234,000 | -6.4% | $118 / Sq Ft | |
| 01/05/2024 01/05/24 | For Sale | $249,900 | 0.0% | $126 / Sq Ft | |
| 11/05/2023 11/05/23 | Off Market | $249,900 | -- | -- | |
| 10/13/2023 10/13/23 | For Sale | $249,900 | +48.8% | $126 / Sq Ft | |
| 01/04/2022 01/04/22 | Sold | $168,000 | -4.5% | $138 / Sq Ft | View Prior Sale |
| 11/22/2021 11/22/21 | Pending | -- | -- | -- | |
| 07/30/2021 07/30/21 | For Sale | $175,900 | -- | $145 / Sq Ft |
Source: Central Illinois Board of REALTORS®
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $1,089 | $48,340 | $12,500 | $35,840 |
| 2023 | $2,992 | $43,940 | $11,360 | $32,580 |
| 2022 | $2,807 | $40,310 | $10,420 | $29,890 |
| 2021 | $2,895 | $39,910 | $10,320 | $29,590 |
| 2020 | $2,403 | $38,790 | $10,030 | $28,760 |
| 2019 | $2,354 | $38,410 | $9,930 | $28,480 |
| 2018 | $2,260 | $36,930 | $9,550 | $27,380 |
| 2017 | $2,213 | $36,200 | $9,360 | $26,840 |
| 2016 | $2,153 | $35,150 | $9,090 | $26,060 |
| 2015 | -- | $34,130 | $8,830 | $25,300 |
| 2014 | -- | $33,130 | $8,570 | $24,560 |
| 2013 | -- | $32,480 | $8,400 | $24,080 |
| 2012 | -- | $32,000 | $8,280 | $23,720 |
Source: Public Records
Agents Affiliated with this Home
-
Blake McWilliams
Seller's Agent in 2024
Blake McWilliams
KELLER WILLIAMS-TREC
(618) 508-1808
42 Total Sales
-
Alex Steppe
Buyer's Agent in 2024
Alex Steppe
RE/MAX
(217) 663-8106
177 Total Sales
-
Deborah Sanders
Seller's Agent in 2022
Deborah Sanders
Dammerman and Associates Elite Realty
(217) 254-2416
86 Total Sales
-
Jan Berkbigler
Buyer's Agent in 2022
Jan Berkbigler
RE/MAX
5 Total Sales
Map
Source: Central Illinois Board of REALTORS®
MLS Number: 6229750
APN: 0316013022
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