Seller's Agent in 2023
Seth Goodman
ME Realty
(217) 737-3742
953 in this area
1,864 Total Sales
632 3rd St Lincoln, IL 62656
Estimated Value: $78,000 - $178,801
--
Bed
--
Bath
2,252
Sq Ft
$57/Sq Ft
Est. Value
Highlights
- Forced Air Heating System
- Northwest Elementary School Rated 9+
- Level Lot
About This Home
As of September 2023Turn key three unit recently renovated investment property that is currently FULLY RENTED with $1975.00 in monthly income! Front detached house features 2 bedrooms, 1.5 baths, equipped eat-in kitchen, rear laundry, basement, and an attached rear carport. Home is currently rented for $900.00/month ($900.00 deposit) with a year lease in place (signed July 2023). Each unit in the rear duplex features an open concept living/kitchen, two bedrooms, full bath, laundry hook-ups, and a carport. 632A is currently rented for $475.00/month ($450.00 deposit) and is month to month (long term tenant). 632B is currently rented for $600.00/month ($600.00 deposit) and has a year lease in place (signed June 2023). All range/ovens as well as refrigerators are owned by property owner and will remain upon settlement. Owner currently pays for sewer and garbage as well as lawn maintenance -- each tenant pays for gas, electric, and water. All three units have gas forced air furnaces as well as central air conditioning. Turn the key and immediately have solid monthly income -- opportunity is knocking!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,515
Year Built
- Built in 1900
Lot Details
- Lot Dimensions are 60x153
- Level Lot
Home Design
- 2,252 Sq Ft Home
- Brick Foundation
- Concrete Foundation
- Block Foundation
- Shingle Roof
- Vinyl Siding
Unfinished Basement
- Partial Basement
- Crawl Space
Parking
- 3 Parking Spaces
- Carport
- Alley Access
Schools
- Lincoln High School
Utilities
- Forced Air Heating System
- Heating System Uses Gas
Listing and Financial Details
- Tenant pays for water
- Assessor Parcel Number 12-355-164-00
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 6, 2023
Closed on
Aug 28, 2023
Sold by
Rallsplitter Property Management Llc
Bought by
Wetson Greg
Seller's Agent
Seth Goodman
ME Realty
Buyer's Agent
Ty Tucker
ME Realty
List Price
$145,000
Sold Price
$152,000
Premium/Discount to List
$7,000
4.83%
Views
22
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
-$23,300
Avg. Annual Appreciation
-6.92%
Original Mortgage
$121,600
Outstanding Balance
$118,933
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$9,767
Purchase Details
Listed on
Feb 17, 2022
Closed on
Mar 17, 2022
Sold by
Meister Andrew L and Meister Danielle E
Bought by
Railsplitter Property Management Llc
Seller's Agent
Andrew Meister
Keller Williams Capital
Buyer's Agent
Seth Goodman
ME Realty
List Price
$109,900
Sold Price
$100,500
Premium/Discount to List
-$9,400
-8.55%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.76%
Purchase Details
Listed on
Dec 30, 2016
Closed on
May 25, 2017
Sold by
Denny Katherine A
Bought by
Meister Andrew L and Meister Danielle E
Buyer's Agent
Becky Werth
Werth & Assoc, REALTORS
List Price
$69,000
Sold Price
$69,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.13%
Original Mortgage
$60,000
Interest Rate
5%
Mortgage Type
Commercial
Purchase Details
Closed on
May 29, 2015
Sold by
Denny Katherine A and Denny Mntie W
Bought by
Denny Katherine A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,000
Interest Rate
4%
Mortgage Type
New Conventional
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Wetson Greg | $152,000 | None Available | |
| Railsplitter Property Management Llc | $100,500 | None Available | |
| Meister Andrew L | $69,000 | -- | |
| Denny Katherine A | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Wetson Greg | $121,600 | |
| Previous Owner | Meister Andrew L | $60,000 | |
| Previous Owner | Denny Katherine A | $56,000 | |
| Previous Owner | Denny Katherine A | $53,600 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/01/2023 09/01/23 | Sold | $152,000 | +4.8% | $67 / Sq Ft | |
| 07/11/2023 07/11/23 | Pending | -- | -- | -- | |
| 07/06/2023 07/06/23 | For Sale | $145,000 | +44.3% | $64 / Sq Ft | |
| 03/17/2022 03/17/22 | Sold | $100,500 | -8.6% | $45 / Sq Ft | View Prior Sale |
| 02/18/2022 02/18/22 | Pending | -- | -- | -- | |
| 02/17/2022 02/17/22 | For Sale | $109,900 | +59.3% | $49 / Sq Ft | |
| 05/25/2017 05/25/17 | Sold | $69,000 | 0.0% | $45 / Sq Ft | View Prior Sale |
| 12/30/2016 12/30/16 | Pending | -- | -- | -- | |
| 12/30/2016 12/30/16 | For Sale | $69,000 | -- | $45 / 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 | $2,167 | $29,960 | $6,660 | $23,300 |
| 2023 | $2,587 | $27,740 | $6,170 | $21,570 |
| 2022 | $2,515 | $25,860 | $5,750 | $20,110 |
| 2021 | $2,430 | $24,900 | $5,540 | $19,360 |
| 2020 | $2,435 | $24,900 | $5,540 | $19,360 |
| 2019 | $2,383 | $24,410 | $5,430 | $18,980 |
| 2018 | $2,321 | $23,470 | $5,220 | $18,250 |
| 2017 | $2,308 | $23,470 | $5,220 | $18,250 |
| 2016 | $2,277 | $23,740 | $5,280 | $18,460 |
| 2015 | -- | $25,140 | $5,090 | $20,050 |
| 2014 | -- | $25,140 | $5,090 | $20,050 |
| 2013 | -- | $27,480 | $4,700 | $22,780 |
| 2012 | -- | $27,880 | $4,770 | $23,110 |
Source: Public Records
Agents Affiliated with this Home
-
Seth Goodman
-
Ty Tucker
T
Buyer's Agent in 2023
Ty Tucker
ME Realty
(217) 828-1626
70 in this area
107 Total Sales
-
Andrew Meister
Seller's Agent in 2022
Andrew Meister
Keller Williams Capital
(217) 306-6443
26 in this area
91 Total Sales
-
Becky Werth
Buyer's Agent in 2017
Becky Werth
Werth & Assoc, REALTORS
(217) 737-8920
51 in this area
64 Total Sales
Map
Source: RMLS Alliance
MLS Number: CA1023264
APN: 12-355-164-00
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