NOT LISTED FOR SALE

625 New St Springfield, IL 62704

Vinegar Hill Neighborhood

Estimated Value: $327,154

-- Bed
-- Bath
5,616 Sq Ft
$58/Sq Ft Est. Value

Last Sold June 20, 2023

Last sale price $350,000 $62 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $2,107/month

17 Days on Market

Highlights

  • Guest Parking
  • Forced Air Heating System
  • Level Lot
  • Springfield High School Rated A-

About This Home

As of June 2023

Attention Investors! Six unit apartment building situated in the heart of Historic Vinegar Hill Neighborhood, walking distance to the Illinois State Capitol Building, Springfield High School and a stone's throw to Washington Park and all downtown Springfield amenities - restaurants, shopping, State office buildings and hospitals. All units are currently occupied with excellent rental history. Includes four 2 bedroom units and two 1 bedroom units. Owner pays for water ($192/mo avg) trash ($45/mo) and gas for a shared dryer. Bundle option available with two additional properties located at 1001 S. 1st Street and 916 S. 8th Street. Showings are available to pre-approved buyers with 24 hour notice, Monday-Friday.

Last Agent to Sell the Property

Crystal Germeraad

RE/MAX Professionals License #475161193 Listed on: 05/03/2023

RE/MAX Professionals

Last Buyer's Agent

Jerry George

The Real Estate Group, Inc. License #475159363

The Real Estate Group, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,267

Year Built

  • Built in 1970

Lot Details

  • Lot Dimensions are 40 x 202.50
  • Level Lot

Home Design

  • 5,616 Sq Ft Home
  • Slab Foundation
  • Shingle Roof

Parking

  • Parking Pad
  • Guest Parking
  • On-Street Parking
  • Assigned Parking

Schools

  • Graham Elementary School
  • Franklin Middle School
  • Springfield High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 14-33.0-253-033

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,267

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Residential Income
  • Year Built: 1970
  • New Construction: No
  • Structure Type: Apartment Building
  • PricePerSqFt: 62.32
  • Age55PlusDevelopment: No
  • Special Features: None

Interior Features

  • Basement: None
  • Interior Amenities: Cable Available

Exterior Features

  • Lot Features: Level
  • Road Surface Type: Paved
  • Construction Type: Brick
  • Foundation Details: Slab
  • Roof: Shingle
  • 100YearPlain: No

Garage/Parking

  • Parking Features: Assigned, Guest Parking, On Street, Parking Pad

Utilities

  • Heating: Forced Air, Gas, Central Air, Gas Water Heater
  • Laundry Features: Common Area
  • Water Source: Public Sewer, Public
  • GasExpense: 0
  • NumberOfWaterHeaters: 6
  • NumberOfHeatingUnits: 6
  • NumberOfCentralAirUnits: 6
  • NumberOfGasMeters: 6
  • NumberOfElectricMeters: 6
  • NumberofWaterMeters: 6
  • NumberOfRanges: 6
  • NumberofRefrigerators: 6
  • NumberOfDishwashers: 6

Fee Information

  • AdvertisingExpense: 0

Schools

  • Elementary School: Graham
  • High School: Springfield
  • Middle Or Junior School: Franklin

Lot Info

  • Lot Size: 40 x 202.50
  • Parcel #: 14-33.0-253-033

Rental Info

  • Lease Term: One Year or Less

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 6266.66
  • TaxExemptions: None

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 47760

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2023
Closed on
Jun 21, 2023
Sold by
Tl Holdings Group Llc
Bought by
Ogbazghi Aman and Ogbazghi Simon
Seller's Agent
Crystal Germeraad
RE/MAX Professionals
Buyer's Agent
Jerry George
The Real Estate Group, Inc.
List Price
$350,000
Sold Price
$350,000
Views
66
Current Estimated Value
$327,154

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$22,846
Original Mortgage
$280,000
Outstanding Balance
$187,464
Interest Rate
6.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 24, 1999

Purchase Details

Closed on
Feb 28, 1997

Purchase Details

Closed on
Aug 17, 1995
Source: Public Records

Range of Values:

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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
Ogbazghi Aman $350,000 None Listed On Document
-- -- --
-- $169,000 --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ogbazghi Aman $280,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2023 06/20/23 Sold $350,000 0.0% $62 / Sq Ft
05/20/2023 05/20/23 Pending -- -- --
05/03/2023 05/03/23 For Sale $350,000 -- $62 / 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 $10,942 $130,267 $10,972 $119,295
2023 $10,520 $118,987 $10,022 $108,965
2022 $6,227 $69,487 $9,507 $59,980
2021 $6,020 $66,885 $9,151 $57,734
2020 $5,901 $66,986 $9,165 $57,821
2019 $5,791 $66,752 $9,133 $57,619
2018 $6,249 $73,959 $9,092 $64,867
2017 $6,119 $73,002 $8,974 $64,028
2016 $5,999 $71,937 $8,843 $63,094
2015 $5,941 $71,077 $8,737 $62,340
2014 $5,852 $70,618 $8,681 $61,937
2013 $5,722 $70,618 $8,681 $61,937
Source: Public Records

Agents Affiliated with this Home

  • Crystal Germeraad

    Seller's Agent in 2023

    Crystal Germeraad

    RE/MAX Professionals

    (217) 685-9575

    7 in this area

    302 Total Sales

    Crystal Germeraad
    Section Image
  • Jerry George

    Buyer's Agent in 2023

    Jerry George

    The Real Estate Group, Inc.

    (217) 638-1360

    18 in this area

    859 Total Sales

    Jerry George
    Section Image
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Map

Source: RMLS Alliance

MLS Number: CA1021964

RMLS Alliance

APN: 14-33.0-253-033

Illinois Sangamon County Springfield 62704 Vinegar Hill

625 New St, Springfield, IL

This home is located at 625 New St, Springfield, IL 62704 since 03 May 2023 and is currently priced at $327,154, approximately $58 per square foot. This property was built in 1970. 625 New St is a home located in Sangamon County with nearby schools including Elizabeth Graham Elementary School, Benjamin Franklin Middle School, and Springfield High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

RMLS Alliance IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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