NOT LISTED FOR SALE

707 E Jefferson Ave Effingham, IL 62401

Estimated Value: $302,140

8 Beds
5 Baths
4,374 Sq Ft
$69/Sq Ft Est. Value

Last Sold March 31, 2017

Last sale price $185,000 $42 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $1,845/month

10 Days on Market

About This Home

As of March 2017

WOW! What a great location for an income producing property! You will find this gem nestled in one of Effingham's most sought after neighborhoods. All 5 units have newer central air condition and furnaces. All electrical boxes have been replaced and wiring has been updated. The lot is huge with loads of potential. All units are spacious with easy living floor plans. Walk in closets, hardwood floors, ceramic tile floors, fresh paint, and many other nice updates make this an opportunity for someone to start the cash flow. Be sure to check out the attached plat map! There are 4 apartments in the front building and an apartment in the back building with an attached garage.

Last Agent to Sell the Property

Courtney Kidd

RE/MAX Key Advantage License #475135835 Listed on: 03/02/2017

RE/MAX Key Advantage

Last Buyer's Agent

Matt Forcum

Shelby Realty Services License #471020842

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,607

Year Built

  • Built in 1900

Lot Details

  • 0.54 Acre Lot

Parking

  • 2 Car Garage

Home Design

  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 4,374 Sq Ft Home
  • 2-Story Property
  • Range
  • Unfinished Basement

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Full Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • 5 Units
  • Operating Expense $5,526

Listing and Financial Details

  • The owner pays for grounds care, trash collection, water
  • Assessor Parcel Number 316031052

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,607

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Directions: located on East Jefferson
  • Lot Size Acres: 0.54
  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Road Surface Type: Concrete
  • Building Stories: 2
  • Year Built: 1900
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • Property Sub Type Additional: Multi Family
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Gas Water Heater, Range, Refrigerator
  • Has Basement: Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 5
  • Total Bedrooms: 8
  • Interior Amenities: Pantry
  • Owner Pays: Grounds Care, Trash Collection, Water
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Vinyl Siding
  • Roof: Shingle
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 2.0
  • Total Parking Spaces: 7.0

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Gas
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer

Schools

  • Junior High Dist: Effingham Dist. 40

Lot Info

  • Lot Size Sq Ft: 23430.0
  • Parcel #: 316031052
  • Zoning: MLT
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 5
  • Annual Operating Expense: 5526.0

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 3607.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2017
Closed on
Mar 28, 2017
Sold by
Sligar Investment Properties Llc
Bought by
Steele Edward R and Steele Rachelle R
Seller's Agent
Courtney Kidd
RE/MAX Key Advantage
Buyer's Agent
Matt Forcum
Shelby Realty Services
List Price
$199,900
Sold Price
$185,000
Premium/Discount to List
-$14,900
-7.45%
Current Estimated Value
$302,140

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$117,140
Avg. Annual Appreciation
5.93%

Purchase Details

Closed on
Apr 2, 2009
Sold by
Callahan Robert P
Bought by
Sligar Investment Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,000
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Steele Edward R $185,000 None Available
Sligar Investment Properties Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sligar Investment Properties Llc $106,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2017 03/31/17 Sold $185,000 -7.5% $42 / Sq Ft
03/13/2017 03/13/17 Pending -- -- --
03/02/2017 03/02/17 For Sale $199,900 -- $46 / Sq Ft
Source: Central Illinois Board of REALTORS®

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 $2,839 $42,030 $16,190 $25,840
2023 $4,249 $62,410 $14,720 $47,690
2022 $3,987 $57,250 $13,500 $43,750
2021 $4,112 $56,690 $13,370 $43,320
2020 $4,037 $55,090 $12,990 $42,100
2019 $3,961 $54,540 $12,860 $41,680
2018 $3,833 $52,450 $12,370 $40,080
2017 $3,767 $51,420 $12,130 $39,290
2016 $3,689 $49,930 $11,780 $38,150
2015 -- $48,480 $11,440 $37,040
2014 -- $47,070 $11,110 $35,960
2013 -- $46,140 $10,890 $35,250
2012 -- $45,460 $10,730 $34,730
Source: Public Records

Agents Affiliated with this Home

  • Courtney Kidd

    Seller's Agent in 2017

    Courtney Kidd

    RE/MAX

    (217) 821-5047

    50 Total Sales

    Courtney Kidd
    Section Image
  • Matt Forcum

    Buyer's Agent in 2017

    Matt Forcum

    Shelby Realty Services

    (217) 343-3400

    103 Total Sales

    Matt Forcum
    Section Image
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Map

Source: Central Illinois Board of REALTORS®

MLS Number: 6170854

APN: 0316031052

Illinois Effingham County Effingham 62401

707 E Jefferson Ave, Effingham, IL

This home is located at 707 E Jefferson Ave, Effingham, IL 62401 since 02 March 2017 and is currently estimated at $302,140, approximately $69 per square foot. This property was built in 1900. 707 E Jefferson Ave is a home located in Effingham County with nearby schools including South Side Grade School, Early Learning Center, and Central Grade School.

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