NOT LISTED FOR SALE

640 Payson Ave Quincy, IL 62301

Estimated Value: $60,940 - $90,000

6 Beds
2 Baths
3,405 Sq Ft
$21/Sq Ft Est. Value

Last Sold November 30, 2017

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

Est. 81% increase in value since last sale

Current estimated payment $470/month

18 Days on Market

Highlights

  • Mature Trees
  • Covered Patio or Porch
  • Ceiling Fan
  • Lincoln-Douglas Elementary School Rated 9+
  • Forced Air Heating and Cooling System
  • Fenced

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.

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
  • Fenced
  • Mature Trees

Home Design

  • Duplex
  • Brick Exterior Construction
  • Asphalt Roof

Interior Spaces

  • 3,405 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Fire and Smoke Detector
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Walk-Up Access

Outdoor Features

  • Covered Patio or Porch

Schools

  • Adams Elementary School
  • Quincy High School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Rent includes nothing
  • Assessor Parcel Number 23-2-0861-000-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,650

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Class: MULTIFAMILY
  • Grid Number: 47
  • Lvt Date: 10/18/2017
  • Style: Duplex
  • Type: Multi-Family
  • Estimated Year Built: 1930
  • Second Address Number: 640-642
  • Directions: 6th & Payson, south side.
  • Geo Longitude: -91.40533
  • Geo Match Code: 1
  • Geo Quality: 0.95
  • Geo Zoom Level: 16
  • OFFICELIST_STATE: IL
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1930

Interior Features

  • Features Interior: Ceiling Fan(s), Separate Electric Meters, Separate Gas Meters, Smoke Alarm(s), Stove Hook Up, Washer/Dryer Hook Up
  • Levels: 2
  • Total Bedrooms: 6
  • Total Full Bathrooms: 2
  • Basement: Full, Walkup
  • Estimated Sq Ft: 3405

Exterior Features

  • Exterior: Brick
  • Features Exterior: Alley Access, Fencing, Large Trees, Patio, Porch Covered
  • Roof: Asphalt/Fiberglass

Utilities

  • Cooling: Central
  • Heat: Forced Air Gas
  • Sewer: City
  • Utility Supplier: Ameren Electric, Ameren Gas
  • Water: City
  • Water Heater: Electric

Schools

  • Elementary School: (Former) Adams
  • High School: Quincy

Lot Info

  • Estimated Lot Size: 0.17
  • Lot Size M L: 40x181
  • Parcel Number: 23-2-0861-000-00
  • Zoning: Multi-Family
  • Geo Update Timestamp: 2017-11-30

Rental Info

  • Rent Includes: Nothing

Tax Info

  • Taxes: 1650
  • Tax Year: 2016

Multi Family

  • Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 29, 2021
Sold by
Stinnett Alex M and Stineett Lacy R
Bought by
Norris Michael and Norris Misty
Current Estimated Value
$72,485

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
$41,613
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$30,872

Purchase Details

Listed on
Oct 13, 2017
Closed on
Nov 29, 2017
Sold by
Janad Trust
Bought by
Stinnett Alex M and Stinnett Lacy R
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
7.56%
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

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

Mortgage History

Date Status Borrower Loan Amount
Open Norris Michael $49,000
Previous Owner Stinnett Alex M $35,000
Source: Public Records

Property History

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: Quincy Association of REALTORS®

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 $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

  • S

    Seller's Agent in 2016

    Shirley Bower

    Bower & Associates, Inc., REALTORS

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Map

Source: Quincy Association of REALTORS®

MLS Number: 195699

Quincy Association of REALTORS®

APN: 23-2-0861-000-00

Illinois Adams County Quincy 62301

640 Payson Ave, Quincy, IL

Not Listed for Sale

MultiFamily

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