NOT LISTED FOR SALE

725 S 2nd St Springfield, IL 62704

Vinegar Hill Neighborhood

Estimated Value: $1,238,837

-- Bed
-- Bath
15,300 Sq Ft
$81/Sq Ft Est. Value

Last Sold June 13, 2019

Last sale price $875,000 $57 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $8,900/month

67 Days on Market

About This Home

As of June 2019

Subject property is a two-story professional office building with a renewed lease in place that has 4 years remaining in the current term. Annual gross rent beginning 10/1/18 will be $210,000. Current tenant has occupied building since 2003. Recent repairs/upgrades include all windows on the second floor, stairwells, all restrooms but one and patching/painting of second floor offices.

Last Agent to Sell the Property

Curtis Tillett

The Real Estate Group, Inc. License #475089421 Listed on: 02/01/2019

The Real Estate Group, Inc.

Last Buyer's Agent

Curtis Tillett

The Real Estate Group, Inc. License #475089421 Listed on: 02/01/2019

The Real Estate Group, Inc.

Property Details

Property Type

Other

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Office
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Price Per Sq Ft: 57.19
  • Total Sq Ft: 15300

Lot Info

  • Zoning: R-5b
  • Geo Subdivision: IL

Rental Info

  • Lease Dollar Sq Ft: 2
  • Sale Lease Includes: Building, Land

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2019
Closed on
May 14, 2019
Sold by
Hodgkins Venture Llc
Bought by
Ram Capital Llc
Seller's Agent
Curtis Tillett
The Real Estate Group, Inc.
Buyer's Agent
Curtis Tillett
The Real Estate Group, Inc.
List Price
$1,100,000
Sold Price
$875,000
Premium/Discount to List
-$225,000
-20.45%
Current Estimated Value
$1,238,837

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$363,837
Avg. Annual Appreciation
5.43%

Purchase Details

Closed on
Mar 17, 2015

Purchase Details

Closed on
Jan 28, 2013

Purchase Details

Closed on
Feb 13, 1995
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
Ram Capital Llc $875,000 Sheehan & Sheehan Lawyers
-- -- --
-- -- --
-- -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/13/2019 06/13/19 Sold $875,000 -20.5% $57 / Sq Ft
04/09/2019 04/09/19 Pending -- -- --
02/01/2019 02/01/19 For Sale $1,100,000 -- $72 / Sq Ft
Source: RMLS Alliance

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 $29,140 $346,930 $102,874 $244,056
2023 $28,016 $316,889 $93,966 $222,923
2022 $26,936 $300,597 $89,135 $211,462
2021 $26,043 $289,341 $85,797 $203,544
2020 $25,526 $289,776 $85,926 $203,850
2019 $25,052 $288,765 $85,626 $203,139
2018 $19,306 $228,497 $85,171 $143,326
2017 $18,906 $225,543 $84,070 $141,473
2016 $18,535 $222,254 $82,844 $139,410
2015 $18,355 $219,597 $81,854 $137,743
2014 $18,080 $218,178 $81,325 $136,853
2013 -- $218,178 $81,325 $136,853
Source: Public Records

Agents Affiliated with this Home

  • Curtis Tillett

    Seller's Agent in 2019

    Curtis Tillett

    The Real Estate Group, Inc.

    (217) 553-7022

    2 in this area

    40 Total Sales

    Curtis Tillett
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Map

Source: RMLS Alliance

MLS Number: RMACA190832

RMLS Alliance

APN: 14-33.0-428-011

Illinois Sangamon County Springfield 62704 Vinegar Hill

725 S 2nd St, Springfield, IL

Not Listed for Sale

Other

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