NOT LISTED FOR SALE

721 E Herrin St Herrin, IL 62948

Estimated Value: $674,467

Studio
-- Bath
-- Sq Ft
201,247 Sq Ft Lot

Last Sold November 09, 2018

Last sale price $440,000

Est. 53% increase in value since last sale

Current estimated payment $4,728/month

816 Days on Market

About This Home

As of November 2018

FOR SALE or LEASE. Former East Side Lumber and Supply warehouse. This property located on the northeast side of Herrin can be configured to serve the needs of any light industry, repair shop, landscape business, shipper, or warehouse operator needing a lot of space at a small price. Floor plan includes an office, loading docks, fenced perimeter with security system, overhead and sliding doors, high roof clearances, and some lift crane rails.Disclosure: Seller will require a use restriction in the deed which will prohibit any wholesale or retail lumber yard or building supply company from operating on the site.

Last Agent to Sell the Property

Jeff Cross, Broker/Owner

INVESTMENT HOUSE REALTORS, INC License #471006857 Listed on: 05/28/2016

Last Buyer's Agent

Trent Johnston

RIVER 2 RIVER REALTY, INC. License #471021359

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $20,264

Year Built

  • Built in 1955

Lot Details

  • 4.62

Utilities

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

Property Details

Property Type

Other

Est. Annual Taxes

$20,264

Year Built

Built in 1955

Lot Details

4.62 Acres

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Investment
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete, Carpeted, Tile/Vinyl
  • Half Basement: No Basement
  • Total Sq Ft: 69100

Exterior Features

  • Exterior Finish: Brick, Steel
  • Roof Construction: Metal, Other Roof Construction
  • Construction: Factory Built, Framed Off Site, Pole Barn
  • Foundation: Slab

Garage/Parking

  • Numberparking Spaces Allocated: 50

Utilities

  • Electric Company: Ameren
  • Cooling: Central Air
  • Heating: Forced Air, Gas
  • Water Supply: Municipal/City
  • Gas Company: Ameren
  • Water Company: Herrin
  • Electric: 200 Amp Box

Association/Amenities

  • Additional Amenities: Loading Dock, Overhead Doors
  • Amenities: Other Amenities, Wireless Internet

Lot Info

  • Estimated Number of Acres: 4.62
  • Zoning: Business
  • Property Type Use: Other Property Type/Use
  • Geo Subdivision: IL
  • Irregular Lot: Yes
  • Lot Size Remarks: 5 parcels, see aerial GIS map
  • Parcel 3: 189014 & 0220165001
  • Parcel 4: 158004
  • Property Use: Manufacturing, Other Property Use, Warehouse, Service/Gas Station, Street Retail

Rental Info

  • Sale Lease Includes: Sale/Lease Other

Tax Info

  • Annual Taxes: 20263.72
  • Parcel Id Number Tax Id: 0219288001
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2016
Closed on
Nov 9, 2018
Sold by
East Side Lumberyard Supply Company Inc
Bought by
Forteen Warehouse And Storage Llc
Seller's Agent
Jeff Cross, Broker/Owner
INVESTMENT HOUSE REALTORS, INC
Buyer's Agent
Trent Johnston
RIVER 2 RIVER REALTY, INC.
List Price
$550,000
Sold Price
$440,000
Premium/Discount to List
-$110,000
-20%
Current Estimated Value
$674,467

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$234,467
Avg. Annual Appreciation
5.98%
Original Mortgage
$352,000
Interest Rate
4.7%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Forteen Warehouse And Storage Llc $440,000 --
Forteen Warehouse And Storage Llc $440,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Forteen Warehouse And Storage Llc $352,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/09/2018 11/09/18 Sold $440,000 -20.0% --
08/22/2018 08/22/18 Pending -- -- --
05/28/2016 05/28/16 For Sale $550,000 -- --
Source: RMLS Alliance

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
2025 $14,623 $168,150 $19,190 $148,960
2024 $14,945 $168,150 $19,190 $148,960
2023 $14,623 $168,150 $19,190 $148,960
2022 $12,671 $148,150 $16,910 $131,240
2021 $12,321 $142,800 $16,300 $126,500
2020 $12,321 $134,920 $15,400 $119,520
2019 $20,684 $134,920 $15,400 $119,520
2018 $20,684 $243,410 $15,400 $228,010
2017 $20,219 $243,410 $15,400 $228,010
2015 $19,331 $230,570 $14,590 $215,980
2013 $15,040 $230,570 $14,590 $215,980
2012 $15,040 $230,570 $14,590 $215,980
Source: Public Records

Agents Affiliated with this Home

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Map

Source: RMLS Alliance

MLS Number: RMAEB406408

RMLS Alliance

APN: 02-20-165-001

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