NOT LISTED FOR SALE

516 Highland Ave Springfield, IL 62704

Springfield Area

Estimated Value: $108,000 - $119,170

3 Beds
-- Bath
2,100 Sq Ft
$55/Sq Ft Est. Value

Sale Details

Date Sold: May 22, 2025

Last sale price $115,000 $55 Per Sq Ft

Current estimated payment $848 / mo

5 Days on Market

About This Home

As of May 2025

Three 1 bedroom units in Woodside township. All three units are currently rented at $600 per month to long term tenants - 3 years, 3 years, & 7 years. Exterior has been updated and 1 unit has a fenced front yard. Plenty of off-street parking available in front and back. Selling as is.

Last Agent to Sell the Property

LORI SKERSTON

Keller Williams Capital Brokerage Phone: 217-303-8445 License #475169316 Listed on: 04/21/2025

Keller Williams Capital

Last Buyer's Agent

Non-Member Agent RMLSA

Non-MLS

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,500

Year Built

  • Built in 1940

Lot Details

  • Lot Dimensions are 80' x 70'
  • Level Lot

Home Design

  • 2,100 Sq Ft Home
  • Slab Foundation
  • Shingle Roof
  • Vinyl Siding

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • 6 Parking Spaces
  • Parking Pad

Schools

  • Springfield District #186 High School

Utilities

  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • Trash Expense $75

Listing and Financial Details

  • Assessor Parcel Number 22-09.0-134-025

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,500

Year Built

Built in 1940

Lot Details

0 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Residential Income
  • Year Built: 1940
  • New Construction: No
  • Structure Type: Triplex
  • Attribution Contact: Offc: 217-303-8445
  • Special Features: None

Interior Features

  • Basement: None
  • Accessibility Features: Level
  • Total Bedrooms: 3

Exterior Features

  • Lot Features: Level
  • Road Surface Type: Paved
  • Construction Type: Vinyl Siding
  • Foundation Details: Slab
  • Roof: Shingle
  • 100YearPlain: No

Garage/Parking

  • Parking Features: Parking Pad
  • Total Parking Spaces: 6

Utilities

  • Heating: Natural Gas, Gas Water Heater
  • Laundry Features: None
  • Water Source: Public Sewer, Public
  • GasExpense: 0
  • NumberOfRanges: 3
  • NumberofRefrigerators: 3
  • NumberOfWindowUnits: 3

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • Trash Expense: 75
  • AdvertisingExpense: 0

Schools

  • High School: Springfield District #186

Lot Info

  • Lot Size: 80' x 70'
  • Parcel #: 22-09.0-134-025

Rental Info

  • Lease Term: Month To Month

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 2500.04
  • TaxExemptions: None

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
Apr 21, 2025
Closed on
May 22, 2025
Sold by
Bought by
Seller's Agent
LORI SKERSTON
Keller Williams Capital
Buyer's Agent
Non-Member Agent RMLSA
Non-MLS
List Price
$129,900
Sold Price
$115,000
Premium/Discount to List
-$14,900
-11.47%
Views
12
Current Estimated Value
$115,293

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$293
Avg. Annual Appreciation
0.21%
Original Mortgage
$86,250
Outstanding Balance
$85,267
Interest Rate
6.83%
Mortgage Type
New Conventional
Estimated Equity
$30,026

Purchase Details

Closed on
Jan 31, 2025
Sold by
Bought by
Source: Public Records

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
$115,000 None Listed On Document
-- None Listed On Document
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 $86,250
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
05/22/2025 05/22/25 Sold $115,000 -11.5% $55 / Sq Ft
04/26/2025 04/26/25 Pending -- -- --
04/21/2025 04/21/25 For Sale $129,900 -- $62 / Sq Ft
Source: RMLS Alliance

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
2025 $2,576 $33,153 $5,571 $27,582
2024 $2,500 $30,840 $5,182 $25,658
2023 $2,451 $28,555 $4,798 $23,757
2022 $2,352 $27,023 $4,541 $22,482
2021 $2,270 $25,964 $4,363 $21,601
2020 $2,190 $25,682 $4,316 $21,366
2019 $2,112 $25,233 $4,241 $20,992
2018 $2,040 $25,125 $4,223 $20,902
2017 $1,992 $24,739 $4,158 $20,581
2016 $1,931 $24,101 $4,051 $20,050
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • LORI SKERSTON Real Estate Agent - Keller Williams Capital

    Seller's Agent in 2025

    LORI SKERSTON

    Keller Williams Capital

    (217) 306-0827

    25 Total Sales

    LORI SKERSTON
    Section Image

  • N

    Buyer's Agent in 2025

    Non-Member Agent RMLSA

    Non-MLS

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Map

Source: RMLS Alliance

MLS Number: CA1035859

RMLS Alliance

APN: 22-09.0-134-025

Illinois Sangamon County Springfield 62704

516 Highland Ave, Springfield, IL

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RMLS Alliance All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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