Seller's Agent in 2020
Jon Fisher
MR. LANDMAN
(217) 202-0924
1 in this area
213 Total Sales
615 Smith Ave Du Quoin, IL 62832
Estimated Value: $129,179
--
Bed
--
Bath
--
Sq Ft
1.91
Acres
About This Home
As of September 2020Trail Acres Trailer Park is a seventeen pad mobile home community located in Du Quoin, IL (southern Illinois...approximately 90 minute drive from St. Louis). The park is located on two separate blocks across from each other on the eastern outskirts of town. The park sits on approximately 1.91 acres. The park is currently zoned 0030-non improved residential, and according to the assessors office the park is currently zoning compliant. The park appears to be in a flood zone per the FEMA flood map website. The park is located adjacent to a neighborhood of quiet single family residences. It boast mature trees and luscious green common areas that makes the park an aesthetically pleasing place to live. At the present time fifteen of the seventeen pads are occupied by tenants. Six tenants own their own trailers and pay between $100-150/month per pad. Nine tenants are renting park owned trailers at a rental rate etween $350-400/month. The present owner is unaware of the last time that rent was raised. He recently brought in one new tenant at $150/month. The park owned trailers are older and might be ideal candidates for out of state buyers to convert them into RTO's in some form or fashion. There is definitely room to capture higher rental rates going forward in the listing agent's opinion. The park is on CITY WATER & CITY SEWER! The seller is not aware of the age or the type of pipe material under the park. Each pad has its own electric & water meters that bill directly to the tenant from the utility provider. The seller is unaware if natural gas is provided to the park or not. Trash is paid for by the park. The park has two city roads that border the property, in addition to a couple of longer gravel driveways. The tenants are responsible for mowing their own pads. Outside vendors are used to mow the two vacant pads and any common areas. Tenants are responsible for removing snow. The park has two tenants that are currently behind in their rent. Seller has only owned the park for three months. It was purchased with the intent of flipping it. As a result financials are very limited. Due diligence materials will be extremely limited as well. Please understand this prior to making an offer on this mhp community. Park will be sold "as is" with no owner financing available.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,045
Year Built
- Built in 1981
Lot Details
- 1.91 Acre Lot
- Lot Dimensions are 227 x133 x 267 x 135 x 127 x 135
- Additional Parcels
Interior Spaces
- 1-Story Property
Community Details
- 17 Units
Listing and Financial Details
- Tenant pays for air conditioning, electricity, heat, sewer
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 24, 2020
Closed on
Sep 24, 2020
Sold by
D Street Mhp Co
Bought by
550 E Smith Avenue Llc
Seller's Agent
Jon Fisher
MR. LANDMAN
Buyer's Agent
Jon Fisher
MR. LANDMAN
List Price
$199,900
Sold Price
$154,000
Premium/Discount to List
-$45,900
-22.96%
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
-$24,821
Avg. Annual Appreciation
-3.92%
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 550 E Smith Avenue Llc | $91,000 | None Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/28/2020 09/28/20 | Sold | $154,000 | -23.0% | -- |
| 08/01/2020 08/01/20 | Pending | -- | -- | -- |
| 07/24/2020 07/24/20 | For Sale | $199,900 | +90.4% | -- |
| 04/15/2020 04/15/20 | Sold | $105,000 | -12.4% | -- |
| 02/13/2020 02/13/20 | Pending | -- | -- | -- |
| 09/10/2019 09/10/19 | For Sale | $119,900 | -- | -- |
Source: Midwest Real Estate Data (MRED)
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 |
|---|---|---|---|---|
| 2023 | $660 | $8,166 | $8,166 | $0 |
| 2022 | $686 | $7,448 | $7,448 | $0 |
| 2021 | $687 | $6,986 | $6,986 | $0 |
| 2020 | $624 | $6,464 | $6,464 | $0 |
| 2019 | $609 | $6,276 | $6,276 | $0 |
| 2018 | $609 | $6,276 | $6,276 | $0 |
| 2017 | $615 | $6,299 | $6,299 | $0 |
| 2016 | $609 | $6,160 | $6,160 | $0 |
| 2015 | $609 | $6,160 | $6,160 | $0 |
| 2013 | $605 | $6,044 | $6,044 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Jon Fisher
-
B
Seller's Agent in 2020
Bill Kimmel
SHAMROCK REAL ESTATE DQ
-
N
Buyer's Agent in 2020
Non-Member Non-Member
Non-Member
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 10793878
APN: 2-61-1800-090
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