NOT LISTED FOR SALE

555 E Madison St Riverton, IL 62561

Studio
-- Bath
-- Sq Ft
0.39 Acres

Last Sold October 25, 2017

Last sale price $325,000

6 Days on Market

About This Home

As of October 2017

Well maintained all brick 8-plex in Riverton with eight 2BR/1BA units. 4 car detached all brick garage with two 1BR/1BA units above! Property manager lives on site at no charge. Landlord pays electric for common area & parking lot and landlord pays for garbage pick-up. "House water" avg. $100/mo. Electric avg. $75/mo. Dumpster avg. $80/mo. Lots of parking. Two coin-operated laundry rooms. Located across from community park!

Last Agent to Sell the Property

Melissa Vorreyer

RE/MAX Professionals License #475100751 Listed on: 09/12/2017

RE/MAX Professionals

Last Buyer's Agent

Debra Sarsany

The Real Estate Group, Inc. License #475118739

The Real Estate Group, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,389

Year Built

  • Built in 1991

Lot Details

  • 0.39

Home Design

  • Poured Concrete

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,389

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: Apartment Building
  • Legal Description: LOTS 1,4 & 5 (OF BLK 7) & E 20' OF LOT 8 & W 30' OF VAC (6TH ST) BETWEEN BLK 6 & 7 170 X 100 9-16-4
  • Year Built: 1991
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Dish Washers: 10
  • Number of Ranges: 10
  • Number Refrigerators: 10
  • Basement: Poured

Exterior Features

  • Exterior: Brick

Garage/Parking

  • Garage Parking: Parking Slab
  • Number Parking Spaces: 4

Utilities

  • Heating Cooling: Forced Air, Gas, Central Air
  • Water Sewer: Public Sewer, Public Water
  • Garbage Collection Exp: 960
  • Laundry Facilities: Common

Lot Info

  • Zoning: R-2
  • Geo Subdivision: IL

Rental Info

  • Lease Information: Various Terms

Tax Info

  • Annual Taxes: 10389
  • Parcel Id Number Tax Id: 15090476009
  • Tax Year: 2016

Multi Family

  • Gross Annual Income: 54600

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2017
Closed on
Oct 25, 2017
Sold by
Lascody Douglas E
Bought by
Pelc Gregory
Seller's Agent
Melissa Vorreyer
RE/MAX Professionals
Buyer's Agent
Debra Sarsany
The Real Estate Group, Inc.
List Price
$350,000
Sold Price
$325,000
Premium/Discount to List
-$25,000
-7.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
3.78%
Mortgage Type
New Conventional
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
Pelc Gregory $325,000 Illinois Real Estate Title Cen
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Pelc Gregory $260,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/25/2017 10/25/17 Sold $325,000 -7.1% --
09/18/2017 09/18/17 Pending -- -- --
09/12/2017 09/12/17 For Sale $350,000 -- --
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 $9,333 $138,891 $8,344 $130,547
2023 $8,703 $128,472 $7,718 $120,754
2022 $8,654 $119,576 $7,184 $112,392
2021 $8,420 $114,580 $6,884 $107,696
2020 $8,228 $113,840 $6,840 $107,000
2019 $11,298 $159,931 $6,938 $152,993
2018 $10,877 $156,964 $6,809 $150,155
2017 $10,635 $152,645 $6,622 $146,023
2016 $10,389 $147,955 $6,419 $141,536
2015 $10,216 $143,855 $6,241 $137,614
2014 $9,984 $141,603 $6,143 $135,460
2013 $9,939 $142,933 $6,201 $136,732
Source: Public Records

Agents Affiliated with this Home

  • Melissa Vorreyer

    Seller's Agent in 2017

    Melissa Vorreyer

    RE/MAX Professionals

    (217) 787-7215

    3 in this area

    722 Total Sales

    Melissa Vorreyer
    Section Image
  • Debra Sarsany

    Buyer's Agent in 2017

    Debra Sarsany

    The Real Estate Group, Inc.

    (217) 313-0580

    6 in this area

    665 Total Sales

    Debra Sarsany
    Section Image
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Map

Source: RMLS Alliance

MLS Number: RMACA176216

RMLS Alliance

APN: 15-09.0-476-009

Illinois Sangamon County Riverton 62561

555 E Madison St, Riverton, IL

Not Listed for Sale

MultiFamily

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