NOT LISTED FOR SALE

524 S 2nd St Springfield, IL 62701

Old Aristocracy Hill Neighborhood
Studio
-- Bath
67,000 Sq Ft
-- Built

Last Sold October 02, 2015

Last sale price $1,100,000 $16 Per Sq Ft

52 Days on Market

About This Home

As of October 2015

Lincoln Tower Plaza is a 6-story Class A bldg in the heart of the IL State Capitol Complex and Historic Downtown. The bldg is 35% occupied. Floors 2-4 each contain 13,000 SF and have been stripped from deck to deck and are ready for build out. Floor 1 is the lobby and bldg core only. On-site and off-site (separate surface lot) parking is included. The building is fully sprinklered. HVAC is forced air with reheat coils and VAV dampers.

Last Agent to Sell the Property

Todd Smith

Todd P Smith Real Estate License #471004523 Listed on: 05/11/2015

Last Buyer's Agent

Todd Smith

Todd P Smith Real Estate License #471004523 Listed on: 05/11/2015

Property Details

Property Type

Other

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Office
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Price Per Sq Ft: 16.42
  • Total Sq Ft: 67000

Lot Info

  • Zoning: R5b - Offi
  • Geo Subdivision: IL

Rental Info

  • Sale Lease Includes: Building, Land

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2015
Closed on
Nov 10, 2015
Seller's Agent
Todd Smith
Todd P Smith Real Estate
Buyer's Agent
Todd Smith
Todd P Smith Real Estate
List Price
$1,375,000
Sold Price
$1,100,000
Premium/Discount to List
-$275,000
-20%

Purchase Details

Listed on
May 11, 2015
Closed on
Sep 29, 2015
Seller's Agent
Todd Smith
Todd P Smith Real Estate
Buyer's Agent
Todd Smith
Todd P Smith Real Estate
List Price
$1,375,000
Sold Price
$1,100,000
Premium/Discount to List
-$275,000
-20%

Purchase Details

Closed on
Oct 26, 2013

Purchase Details

Closed on
Sep 9, 2010

Purchase Details

Closed on
Aug 3, 2010
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

Date Buyer Sale Price Title Company
-- $300,000 --
-- $1,100,000 --
-- -- --
-- -- --
-- -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/02/2015 10/02/15 Sold $1,100,000 -20.0% $16 / Sq Ft
07/02/2015 07/02/15 Pending -- -- --
05/11/2015 05/11/15 For Sale $1,375,000 -- $21 / 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 $31,583 $376,009 $307,675 $68,334
2023 $30,365 $343,450 $281,033 $62,417
2022 $29,194 $325,792 $266,584 $59,208
2021 $28,226 $313,593 $256,602 $56,991
2020 $27,665 $314,064 $256,987 $57,077
2019 $34,238 $394,653 $256,091 $138,562
2018 $27,278 $322,851 $258,819 $64,032
2017 $26,713 $318,676 $255,472 $63,204
2016 $26,189 $314,028 $251,746 $62,282
2015 $23,202 $277,577 $248,735 $28,842
2014 $22,854 $275,785 $247,129 $28,656
2013 $44,428 $548,351 $247,129 $301,222
Source: Public Records

Agents Affiliated with this Home

  • Todd Smith

    Seller's Agent in 2015

    Todd Smith

    Todd P Smith Real Estate

    (217) 441-8000

    5 in this area

    67 Total Sales

    Todd Smith
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Map

Source: RMLS Alliance

MLS Number: RMACA152601

RMLS Alliance

APN: 14-34.0-154-027

Illinois Sangamon County Springfield 62701 Old Aristocracy Hill

524 S 2nd St, Springfield, IL

Not Listed for Sale

Other

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