NOT LISTED FOR SALE

62 Pine Trail Fairview Heights, IL 62208

Estimated Value: $147,000 - $205,430

Studio
-- Bath
2,352 Sq Ft
$77/Sq Ft Est. Value

Last Sold June 13, 2024

Last sale price $162,500 $69 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $1,214/month

40 Days on Market

About This Home

As of June 2024

Seize the opportunity to capitalize on this cash flow investment property. This three-unit building is conveniently located in in Fairview Heights just minutes from EVERYTHING! Recent updates include flooring and paint, but these units are well kept with long term tenants and only one vacancy. Room for investment growth as the two-bedroom units are underpriced for market rent. Unit A is a two bedroom, one bathroom, unit B is a two bedroom, one bathroom, and unit C is a one bedroom, one bathroom. Schedule a showing today to add to your portfolio or start one as this investment is too good to be true!

Last Agent to Sell the Property

Michael Santanello

Strano & Associates License #475135482 Listed on: 05/04/2024

Last Buyer's Agent

Raquel Vice

Century 21 Advantage License #471009948

Century 21 Advantage

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,086

Year Built

  • Built in 1966

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 80 x 150

Home Design

  • 2,352 Sq Ft Home
  • Brick or Stone Veneer
  • Cedar

Schools

  • Grant Dist 110 Elementary And Middle School
  • Belleville High School-East

Utilities

  • Cooling System Mounted To A Wall/Window
  • Baseboard Heating

Community Details

  • Net Operating Income $20,395

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 03-28.0-105-031

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,086

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Cross Street: Pasadena
  • Year Built: 1966
  • Directions: Lincoln Trail to Pasadena to Pine Trail
  • Property Sub-Type: Multi-Family 2-4
  • Lot Size Acres: 0.268
  • Co List Office Phone: 2777653
  • Subdivision Name: Sunny Hill Acres
  • Above Grade Finished Sq Ft: 2352
  • Age: 58
  • Total Expenses: 3905.00
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Some Refrigerator(s), Some Range Oven(s)

Exterior Features

  • Disclosures: Unknown, Sellers Discl. Avail
  • Construction Type: Brk/Stn Veneer Frnt, Cedar

Garage/Parking

  • Attached Garage: No
  • Parking Features: None
  • Driveway: Asphalt,Gravel

Utilities

  • Sewer: Public Sewer
  • Cooling: Wall/Window Unit(s)
  • Heating: Baseboard
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Elementary School: GRANT DIST 110
  • Junior High Dist: Grant DIST 110
  • High School: Belleville High School-East
  • Middle Or Junior School: GRANT DIST 110

Lot Info

  • Lot Dimensions: 80 x 150
  • Lot Size Sq Ft: 11674
  • Parcel Number: 03-28.0-105-031

Rental Info

  • Tenant Pays: Electricity, Gas
  • Lease Term: Month To Month
  • Sub Lease: 0

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 3086

Multi Family

  • Net Operating Income: 20395
  • Type Of Units: 3-Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2024
Closed on
Jun 11, 2024
Sold by
Tsi3 Properties Llc
Bought by
Pospisil Joshua and Pospisil Stephanie
Seller's Agent
Michael Santanello
Strano & Associates
Buyer's Agent
Raquel Vice
Century 21 Advantage
List Price
$159,900
Sold Price
$162,500
Premium/Discount to List
$2,600
1.63%
Views
27
Current Estimated Value
$180,608

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,108
Avg. Annual Appreciation
7.01%
Original Mortgage
$154,375
Outstanding Balance
$152,397
Interest Rate
7%
Mortgage Type
New Conventional
Estimated Equity
$28,211

Purchase Details

Listed on
Jan 27, 2021
Closed on
Jan 27, 2021
Sold by
Nash Blanche J and Nash Alvin R
Bought by
Ts13 Properties Llc
Seller's Agent
Michael Santanello
Strano & Associates
Buyer's Agent
Michael Santanello
Strano & Associates
List Price
$109,900
Sold Price
$97,000
Premium/Discount to List
-$12,900
-11.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.49%
Original Mortgage
$67,900
Interest Rate
4.5%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Pospisil Joshua $162,500 Professional Title & Escrow
Ts13 Properties Llc $97,000 Community Title Shiloh Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pospisil Joshua $154,375
Previous Owner Ts13 Properties Llc $67,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/14/2024 06/14/24 Pending -- -- --
06/13/2024 06/13/24 Sold $162,500 +1.6% $69 / Sq Ft
05/04/2024 05/04/24 For Sale $159,900 +64.8% $68 / Sq Ft
01/27/2021 01/27/21 Sold $97,000 -11.7% $41 / Sq Ft View Prior Sale
01/27/2021 01/27/21 Pending -- -- --
01/27/2021 01/27/21 For Sale $109,900 -- $47 / Sq Ft
Source: MARIS MLS

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 $3,246 $41,132 $5,377 $35,755
2023 $3,086 $36,394 $4,758 $31,636
2022 $3,090 $35,672 $4,663 $31,009
2021 $2,950 $33,857 $4,426 $29,431
2020 $2,901 $32,070 $4,192 $27,878
2019 $2,804 $32,070 $4,192 $27,878
2018 $2,831 $32,394 $4,482 $27,912
2017 $1,376 $31,079 $4,300 $26,779
2016 $2,789 $30,377 $4,203 $26,174
2014 $1,057 $26,099 $4,047 $22,052
2013 $2,228 $26,581 $4,122 $22,459
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MARIS MLS

MLS Number: MIS24027466

MARIS MLS

APN: 03-28.0-105-031