NOT LISTED FOR SALE

516 S Martin Luther King jr Dr Unit M Springfield, IL 62703

Estimated Value: $40,000 - $63,000

-- Bed
-- Bath
-- Sq Ft
6,098 Sq Ft Lot

About This Home

This home is located at 516 S Martin Luther King jr Dr Unit M, Springfield, IL 62703 and is currently estimated at $49,376. 516 S Martin Luther King jr Dr Unit M is a home located in Sangamon County with nearby schools including Fairview Elementary School, Washington Middle School, and Lanphier High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 29, 2020
Sold by
Mikes Maintenance & Home Remodeling Llc
Bought by
Fortunate Homes Il1 Llc
Current Estimated Value
$49,376

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Outstanding Balance
$473,159
Interest Rate
7.4%
Mortgage Type
New Conventional
Estimated Equity
-$423,783

Purchase Details

Closed on
Sep 22, 2020
Sold by
Mikes Maintenance & Home Remodeling Llc
Bought by
Fortunate Homes Il1 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Outstanding Balance
$473,159
Interest Rate
7.4%
Mortgage Type
New Conventional
Estimated Equity
-$423,783

Purchase Details

Closed on
Jun 5, 2019
Sold by
Next Generation Holdings Llc
Bought by
Mikes Maintenance & Home Remod

Purchase Details

Closed on
Aug 6, 2012

Purchase Details

Closed on
Dec 23, 2010
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Fortunate Homes Il1 Llc $600,001 Fidelity National Title
Fortunate Homes Il1 Llc $600,001 Fidelity National Title
Mikes Maintenance & Home Remod $456,000 --
-- $43,000 --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fortunate Homes Il1 Llc $500,000
Closed Fortunate Homes Il1 Llc $500,000
Source: Public Records

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 $1,063 $12,656 $2,741 $9,915
2023 $1,022 $11,560 $2,504 $9,056
2022 $983 $10,965 $2,375 $8,590
2021 $950 $10,554 $2,286 $8,268
2020 $931 $10,569 $2,289 $8,280
2019 $914 $10,532 $2,281 $8,251
2018 $977 $11,558 $2,268 $9,290
2017 $956 $11,409 $2,239 $9,170
2016 $938 $11,242 $2,206 $9,036
2015 $928 $11,108 $2,180 $8,928
2014 $915 $11,036 $2,166 $8,870
2013 $894 $11,036 $2,166 $8,870
Source: Public Records

Map

Illinois Sangamon County Springfield 62703

516 S Martin Luther King jr Dr Unit M, Springfield, IL

This home is located at 516 S Martin Luther King jr Dr Unit M, Springfield, IL 62703 and is currently estimated at $49,376. 516 S Martin Luther King jr Dr Unit M is a home located in Sangamon County with nearby schools including Fairview Elementary School, Washington Middle School, and Lanphier High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Nearby Homes