NOT LISTED FOR SALE

640-642 Payson Ave Quincy, IL 62301

Estimated Value: $58,308 - $69,000

6 Beds
2 Baths
3,405 Sq Ft
$19/Sq Ft Est. Value

Sale Details

Date Sold: November 30, 2017

Last sale price $40,000 $12 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $442 / mo

18 Days on Market

About This Home

As of November 2017

This multi unit is a great rental investment, priced to sell. Both units are 3 bedroom with separate utilities. Both units are currently rented., Stove included, Refrigerator included

Last Agent to Sell the Property

Michael Norris

Happel Inc., REALTORS Listed on: 10/13/2017

Last Buyer's Agent

Michael Norris

Happel Inc., REALTORS Listed on: 10/13/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,650

Year Built

  • Built in 1930

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 40x181

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 2 Full Bathrooms

Schools

  • Adams Elementary School
  • Quincy High School

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,650

Year Built

Built in 1930

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • New Construction: No
  • Year Built: 1930
  • Legal Description: LOT 4 BLK 88 WOODS SURVEY
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 6
  • Below Grade Bedrooms: 0

Schools

  • Elementary School: (FORMER) ADAMS
  • High School: QUINCY

Lot Info

  • Lot Size Acres: 0.17
  • Lot Dimensions: 40X181
  • Zoning: MULTI

Rental Info

  • Board Number: 27

Tax Info

  • Tax Annual Amount: 1650
  • Tax Year: 2016

Multi Family

  • Units in Building: 2

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 29, 2021
Sold by
Bought by
Current Estimated Value
$64,327

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,000
Outstanding Balance
$40,994
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$23,333

Purchase Details

Listed on
Oct 13, 2017
Closed on
Nov 29, 2017
Sold by
Bought by
Seller's Agent
Michael Norris
Happel Inc., REALTORS
Buyer's Agent
Michael Norris
Happel Inc., REALTORS
List Price
$45,000
Sold Price
$40,000
Premium/Discount to List
-$5,000
-11.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.71%
Original Mortgage
$35,000
Interest Rate
3.88%
Mortgage Type
New Conventional
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$45,675 Illinois Real Estate Title
$40,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $49,000
Previous Owner $35,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/30/2017 11/30/17 Sold $40,000 -11.1% $12 / Sq Ft
10/31/2017 10/31/17 Pending -- -- --
10/13/2017 10/13/17 For Sale $45,000 +12.5% $13 / Sq Ft
09/01/2016 09/01/16 Sold $40,000 -16.5% $12 / Sq Ft View Prior Sale
08/02/2016 08/02/16 Pending -- -- --
06/13/2016 06/13/16 For Sale $47,900 -- $14 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $1,124 $18,270 $1,960 $16,310
2024 $1,124 $17,240 $1,850 $15,390
2023 $1,059 $16,000 $1,720 $14,280
2022 $1,001 $14,940 $1,610 $13,330
2021 $1,034 $15,000 $1,580 $13,420
2020 $948 $13,750 $2,800 $10,950
2019 $930 $13,600 $2,770 $10,830
2018 $923 $13,340 $2,720 $10,620
2017 $908 $13,330 $2,690 $10,640
2016 $989 $23,980 $2,580 $21,400
2015 $1,605,780 $23,980 $2,580 $21,400
2012 $1,607 $23,180 $2,490 $20,690
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2017

    Michael Norris

    Happel Inc., REALTORS

    Section Image

  • J

    Seller's Agent in 2016

    Jay Bower

    Bower & Associates, Inc., REALTORS

    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12245604

Midwest Real Estate Data (MRED)

APN: 23-2-0861-000-00

Illinois Adams County Quincy 62301

640-642 Payson Ave, Quincy, IL

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.

Midwest Real Estate Data (MRED) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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