Seller's Agent in 2024
Mike Hammond
Equity Realty Group
(618) 292-8442
61 in this area
133 Total Sales
--
Bed
--
Bath
3,120
Sq Ft
6,534
Sq Ft Lot
About This Home
As of November 2024Welcome to this impeccably maintained triplex located in downtown Salem, Illinois. This property includes updates throughout, including new windows, fresh paint, and updated flooring, ensuring a modern and inviting atmosphere for tenants. Perfect for investors seeking a turnkey opportunity, this triplex offers three separate units, each with its own unique charm and functionality. Enjoy the convenience of downtown living, with shops, restaurants, and entertainment options just steps away. With its recent updates and prime location, this triplex presents an excellent investment opportunity for those looking to expand their portfolio or generate passive income. Don't miss out on the chance to own this well-maintained triplex in the heart of Salem – a true gem in the rental market.
Last Agent to Sell the Property
Equity Realty Group Brokerage Phone: 618-292-8442 License #471020760 Listed on: 04/05/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,234
Year Built
- Built in 1955
Lot Details
- 6,534 Sq Ft Lot
- Lot Dimensions are 55.5x120
- Level Lot
Home Design
- 3,120 Sq Ft Home
- Slab Foundation
- Rubber Roof
Parking
- 6 Parking Spaces
- On-Street Parking
Schools
- Salem Elementary And Middle School
- Salem Community High School
Utilities
- Two Heating Systems
- Window Unit Heating System
- Radiant Heating System
Community Details
- Mcelwain & Nichols Subdivision
Listing and Financial Details
- Tenant pays for electricity, trash collection
- Assessor Parcel Number 11-00-009-645
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 5, 2024
Closed on
Nov 25, 2024
Sold by
Controlled Management Company Inc
Bought by
218 Investments Llc
Seller's Agent
Mike Hammond
Equity Realty Group
Buyer's Agent
Cindy Quinn-Wood
QUINN REALTY AND PROPERTY MANAGEMENT GROUP
List Price
$170,000
Sold Price
$110,000
Premium/Discount to List
-$60,000
-35.29%
Views
100
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,785
Avg. Annual Appreciation
3.19%
Original Mortgage
$110,000
Interest Rate
6.32%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 26, 2006
Sold by
Westegaard Dennis C and Raver Laura
Bought by
Controlled Management Company Inc
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $110,000 | None Listed On Document | |
| Special Warranty Deed | $110,000 | None Listed On Document | |
| Warranty Deed | $41,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,107,000 | New Conventional | |
| Closed | $110,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/25/2024 11/25/24 | Sold | $110,000 | -26.7% | $35 / Sq Ft |
| 10/03/2024 10/03/24 | Pending | -- | -- | -- |
| 08/19/2024 08/19/24 | Price Changed | $150,000 | -11.8% | $48 / Sq Ft |
| 06/06/2024 06/06/24 | For Sale | $170,000 | 0.0% | $54 / Sq Ft |
| 06/04/2024 06/04/24 | Pending | -- | -- | -- |
| 05/01/2024 05/01/24 | For Sale | $170,000 | 0.0% | $54 / Sq Ft |
| 04/18/2024 04/18/24 | Pending | -- | -- | -- |
| 04/09/2024 04/09/24 | For Sale | $170,000 | -- | $54 / Sq Ft |
Source: RMLS Alliance
Tax History Compared to Growth
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 | $3,052 | $41,420 | $2,350 | $39,070 |
| 2023 | $3,065 | $38,710 | $2,200 | $36,510 |
| 2022 | $3,234 | $38,250 | $5,060 | $33,190 |
| 2021 | $3,171 | $35,750 | $4,730 | $31,020 |
| 2020 | $3,095 | $35,060 | $4,690 | $30,370 |
| 2019 | $3,052 | $33,780 | $4,520 | $29,260 |
| 2018 | $3,059 | $33,780 | $4,520 | $29,260 |
| 2017 | $3,030 | $33,120 | $4,430 | $28,690 |
| 2016 | $2,985 | $31,250 | $4,180 | $27,070 |
| 2015 | $28 | $31,250 | $4,180 | $27,070 |
| 2012 | $27 | $29,750 | $4,100 | $25,650 |
Source: Public Records
Agents Affiliated with this Home
-
Mike Hammond
-
Cindy Quinn-Wood
Buyer's Agent in 2024
Cindy Quinn-Wood
QUINN REALTY AND PROPERTY MANAGEMENT GROUP
(618) 322-6911
70 in this area
183 Total Sales
Map
Source: RMLS Alliance
MLS Number: EB452890
APN: 1100009645
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