NOT LISTED FOR SALE

614 Rickard Rd Springfield, IL 62704

Pasfield Park West Neighborhood

Estimated Value: $285,053 - $361,000

8 Beds
8 Baths
4,345 Sq Ft
$73/Sq Ft Est. Value

Last Sold February 18, 2022

Last sale price $265,000 $61 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $2,289/month

1 Day on Market

About This Home

As of February 2022

GREAT Investment opportunity! Westside 4-plex completely rented. 3 units have had long term tenants that are now month to month and 4th unit has tenants that are 2 months into a 12 month lease. Each unit is 2bd 1.5ba, Living Room, Dining Area, Kitchen and Laundry Closet. Storage shed in back is divided so each tenant has their own storage space. Each unit is assigned 2 Parking spaces in parking lot. Landlord pays water for tenants and they are responsible for their own electric. Unit 4 has been recently remodeled.

Last Agent to Sell the Property

Jennifer Chance

Welcome Home Realty IL. Inc License #471015004 Listed on: 12/15/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,015

Year Built

  • Built in 1980

Lot Details

  • 0.26

Home Design

  • Quadruplex

Basement

  • Crawl Space

Schools

  • Springfield District #186 High School

Utilities

  • Septic System
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electric only

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,015

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: Four-Plex
  • Legal Description: See tax records
  • Lvt Date: 12/15/2021
  • Year Built: 1980
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Cable Tv Available, Hi-Speed Internet Availbl
  • Number Dish Washers: 4
  • Number Dryers: 1
  • Number of Ranges: 4
  • Number Refrigerators: 4
  • Number Washers: 1
  • Basement: Crawl Space
  • Price Per Sq Ft: 60.99
  • Total Sq Ft: 4345

Exterior Features

  • Exterior: Brick Partial, Wood Siding
  • Road Access: Paved
  • Roofing: Shingles

Garage/Parking

  • Garage Parking: Assigned
  • Number Parking Spaces: 8

Utilities

  • Heating Cooling: Electric, Central Air, Water Heater - Electric
  • Water Sewer: Public Water, Septic System
  • Garbage Collection Exp: 720
  • Laundry Facilities: Private

Schools

  • High School: Springfield District #186

Lot Info

  • Estimated Lot Size: 74 x 150.78
  • Lot Description: Level
  • Subdivision: Tanglewood
  • Geo Subdivision: IL

Rental Info

  • Tenant Pays: Electric Only
  • Gross Annual Rent Income: 39000
  • Lease Information: Various Terms

Tax Info

  • Annual Taxes: 6015.18
  • Parcel Id Number Tax Id: 14310304012
  • Tax Year: 2020

Multi Family

  • Total Number Units: 4
  • Gross Annual Income: 39000
  • Total Number Central Air Units: 4
  • Total Number Electric Meters: 4
  • Total Number Heating Units: 4
  • Total Number Water Heaters: 4
  • Total Number Water Meters: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 30, 2020
Closed on
Feb 19, 2021
Sold by
Crawford Family Trust
Bought by
Chiz Investments Llc
Seller's Agent
J. KITSIE MOORE
Keller Williams Capital
Buyer's Agent
Jennifer Chance
Welcome Home Realty IL. Inc
List Price
$225,000
Sold Price
$210,000
Premium/Discount to List
-$15,000
-6.67%
Current Estimated Value
$319,013

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,013
Avg. Annual Appreciation
8.91%
Original Mortgage
$168,000
Outstanding Balance
$139,780
Interest Rate
3.75%
Mortgage Type
New Conventional
Estimated Equity
$179,233

Purchase Details

Closed on
Oct 31, 2005

Purchase Details

Closed on
May 16, 2005

Purchase Details

Closed on
Mar 8, 2002

Purchase Details

Closed on
Oct 20, 1999

Purchase Details

Closed on
Aug 1, 1994
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
Chiz Investments Llc $210,000 Prairie Land Title
-- $185,000 --
-- $145,000 --
-- -- --
-- -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chiz Investments Llc $168,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/18/2022 02/18/22 Sold $265,000 +2.3% $61 / Sq Ft
12/16/2021 12/16/21 Pending -- -- --
12/15/2021 12/15/21 For Sale $259,000 +23.3% $60 / Sq Ft
02/17/2021 02/17/21 Sold $210,000 -6.7% $48 / Sq Ft View Prior Sale
01/01/2021 01/01/21 Pending -- -- --
12/29/2020 12/29/20 For Sale $225,000 0.0% $52 / Sq Ft
12/16/2020 12/16/20 Pending -- -- --
10/30/2020 10/30/20 For Sale $225,000 -- $52 / 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 $7,450 $88,699 $11,695 $77,004
2023 $7,163 $81,018 $10,682 $70,336
2022 $6,887 $76,853 $10,133 $66,720
2021 $6,137 $68,183 $9,753 $58,430
2020 $6,015 $68,286 $9,768 $58,518
2019 $5,904 $68,048 $9,734 $58,314
2018 $6,012 $71,159 $9,669 $61,490
2017 $5,888 $70,239 $9,544 $60,695
2016 $5,772 $69,215 $9,405 $59,810
2015 $5,716 $68,388 $9,293 $59,095
2014 $5,631 $67,946 $9,233 $58,713
2013 $5,505 $67,946 $9,233 $58,713
Source: Public Records

Agents Affiliated with this Home

  • Jennifer Chance

    Seller's Agent in 2022

    Jennifer Chance

    Welcome Home Realty IL. Inc

    (217) 483-5501

    3 in this area

    109 Total Sales

    Jennifer Chance
    Section Image

  • J

    Seller's Agent in 2021

    J. KITSIE MOORE

    Keller Williams Capital

    (217) 652-6225

    1 in this area

    16 Total Sales

    J. KITSIE MOORE
    Section Image
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Map

Source: RMLS Alliance

MLS Number: CA1011650

RMLS Alliance

APN: 14-31.0-304-012

Illinois Sangamon County Springfield 62704 Pasfield Park West

614 Rickard Rd, Springfield, IL

Not Listed for Sale

MultiFamily

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