NOT LISTED FOR SALE

523 S State St Springfield, IL 62704

Historic West Side Neighborhood

Estimated Value: $133,000 - $160,000

4 Beds
4 Baths
2,526 Sq Ft
$58/Sq Ft Est. Value

Sale Details

Date Sold: February 8, 2022

Last sale price $114,000 $45 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $1,105 / mo

82 Days on Market

About This Home

As of February 2022

Nice updates in this 4 unit property with 2 studio and 2 (1) bed apts. There's also a 3 car gar with 1 single and 1 double stall that rents for $140. New siding in 2019 and updates in electric, plumbing, walls, fixtures, kitchens and baths were done 2013-2019. Owner pays gas, water, garbage. Convenient location. Easy to rent units are cute and clean.

Last Agent to Sell the Property

Linda Maier

Century 21 Real Estate Assoc License #471018898 Listed on: 09/15/2021

Last Buyer's Agent

Clayton Yates

The Real Estate Group, Inc. License #475160796

The Real Estate Group, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,204

Year Built

  • Built in 1900

Lot Details

  • 7,318

Home Design

  • Quadruplex

Basement

  • Basement Fills Entire Space Under The House
  • Brick Basement

Schools

  • Elizabeth Graham Elementary School
  • Springfield High School

Listing and Financial Details

  • Tenant pays for electric only

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,204

Year Built

Built in 1900

Lot Details

7,318 Sq Ft Lot

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: Four-Plex
  • Legal Description: A.W. Frenchs 3rd Addn L6
  • Lvt Date: 09/15/2021
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number of Ranges: 4
  • Number Refrigerators: 4
  • Basement: Brick, Full
  • Price Per Sq Ft: 45.13
  • Total Sq Ft: 2526

Exterior Features

  • Exterior: Vinyl Siding
  • Roofing: Shingles

Garage/Parking

  • Garage Parking: On-Street Parking
  • Number Parking Spaces: 3

Utilities

  • Heating Cooling: Forced Air, Gas
  • Water Sewer: Public Sewer, Public Water
  • Garbage Collection Exp: 246
  • Gas Expense: 1796

Schools

  • Elementary School: Elizabeth Graham
  • High School: Springfield

Lot Info

  • Estimated Lot Size: 40x182
  • Lot Description: Level
  • Geo Subdivision: IL

Rental Info

  • Tenant Pays: Electric Only
  • Gross Annual Rent Income: 25080
  • Lease Information: Various Terms
  • Management Expense: 1426

Tax Info

  • Annual Taxes: 2204
  • Parcel Id Number Tax Id: 14330176024
  • Tax Year: 2020

Multi Family

  • Total Number Units: 4
  • Gross Annual Income: 26760
  • Total Number Electric Meters: 5
  • Total Number Gas Meters: 1
  • Total Number Heating Units: 1
  • Total Number Water Heaters: 1
  • Total Number Water Meters: 1

MLS Schools

  • Middle School: Benjamin Franklin

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
Sep 15, 2021
Closed on
Feb 1, 2022
Sold by
Bought by
Seller's Agent
Linda Maier
Century 21 Real Estate Assoc
Buyer's Agent
Clayton Yates
The Real Estate Group, Inc.
List Price
$120,000
Sold Price
$114,000
Premium/Discount to List
-$6,000
-5%
Current Estimated Value
$150,073

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,073
Avg. Annual Appreciation
6.02%
Original Mortgage
$118,104
Interest Rate
0.0275%
Mortgage Type
VA

Purchase Details

Closed on
Feb 2, 2020
Sold by
Bought by

Purchase Details

Closed on
Nov 12, 2010

Purchase Details

Closed on
Jun 7, 2004
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

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
$114,000 Barber Segatto Hoffee Wilke &
-- Barber Segatto Hoffee Wilke &
$40,000 --
-- --
-- --
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
Closed $118,104
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
02/08/2022 02/08/22 Sold $114,000 -5.0% $45 / Sq Ft
12/06/2021 12/06/21 Pending -- -- --
09/15/2021 09/15/21 For Sale $120,000 -- $48 / 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 $3,697 $45,668 $5,251 $40,417
2024 $3,578 $42,592 $4,897 $37,695
2023 $3,440 $38,904 $4,473 $34,431
2022 $3,254 $36,316 $4,243 $32,073
2021 $2,250 $24,994 $4,084 $20,910
2020 $2,205 $25,031 $4,090 $20,941
2019 $2,164 $24,944 $4,076 $20,868
2018 $2,328 $27,548 $4,055 $23,493
2017 $2,313 $27,589 $4,002 $23,587
2016 $2,267 $27,187 $3,944 $23,243
2015 $2,245 $26,862 $3,897 $22,965
2014 $2,212 $26,689 $3,872 $22,817
2013 $2,162 $26,689 $3,872 $22,817
Source: Public Records

Agents Affiliated with this Home

  • Linda Maier

    Seller's Agent in 2022

    Linda Maier

    Century 21 Real Estate Assoc

    (217) 547-5526

    5 in this area

    39 Total Sales

    Linda Maier
    Section Image
  • Clayton Yates

    Buyer's Agent in 2022

    Clayton Yates

    The Real Estate Group, Inc.

    (217) 371-1370

    11 in this area

    445 Total Sales

    Clayton Yates
    Section Image
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Map

Source: RMLS Alliance

MLS Number: CA1009918

RMLS Alliance

APN: 14-33.0-176-024

Illinois Sangamon County Springfield 62704 Historic West Side

523 S State St, Springfield, IL

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Listings courtesy of RMLS Alliance as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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