NOT LISTED FOR SALE

770 E Apple Orchard Rd Springfield, IL 62703

Estimated Value: $2,188,693

-- Bed
-- Bath
19,169 Sq Ft
$114/Sq Ft Est. Value

Last Sold November 23, 2021

Last sale price $1,600,000 $83 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $15,715/month

1,184 Days on Market

About This Home

As of November 2021

11% Cap Investment opportunity! This class A 19,169 sf building on 2.16 acres has quality throughout. The site boasts a concrete parking lot, drive-through canopy, masonry signage, landscaping and a decorative black fence. Stepping inside, two vestibules invite you into the lobby, which leads to corridors with approximately 20 rooms and a full commercial kitchen. Ceilings are 10’-11’ throughout. Elevator/stairway access leads to a partially finished lower level with 9’ ceilings, including a break room and large open room with an exterior stairway. Mechanicals include multiple heat pumps, central air-conditioning and water heater. Safety features include a fire alarm and automatic sprinkler system. A single tenant with a three year lease is in place. The flexible floor plan lends itself to multiple uses and could be divided for multiple tenants.

Last Agent to Sell the Property

Todd Smith

Todd P Smith Real Estate License #471004523 Listed on: 03/15/2018

Last Buyer's Agent

Out of Area Out of Area

OUT OF AREA FIRM License #475085083

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $42,045

Lot Details

  • 2.16

Property Details

Property Type

Other

Est. Annual Taxes

$42,045

Lot Details

0

Listing Details

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

Interior Features

  • Price Per Sq Ft: 83.47
  • Total Sq Ft: 19169

Utilities

  • Security System: Yes
  • Sprinkler: Yes

Lot Info

  • Estimated Number of Acres: 2.16
  • Zoning: I-1
  • Geo Subdivision: IL

Rental Info

  • Sale Lease Includes: Building, Land

Tax Info

  • Annual Taxes: 42045
  • Parcel Id Number Tax Id: 22-10.0-381-008

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2018
Closed on
Nov 24, 2021
Sold by
Harpmans Inc
Bought by
Mmt Realty Llc
Seller's Agent
Todd Smith
Todd P Smith Real Estate
Buyer's Agent
Out of Area Out of Area
OUT OF AREA FIRM
List Price
$1,700,000
Sold Price
$1,600,000
Premium/Discount to List
-$100,000
-5.88%
Current Estimated Value
$2,188,693

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$588,693
Avg. Annual Appreciation
7.74%
Original Mortgage
$1,280,000
Outstanding Balance
$1,022,009
Interest Rate
3.63%
Mortgage Type
New Conventional
Estimated Equity
$1,144,997

Purchase Details

Closed on
Oct 1, 2007

Purchase Details

Closed on
May 11, 1998
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
Mmt Realty Llc $1,600,000 Hart Southworth & Witsman
-- $5,850,000 --
-- $400,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mmt Realty Llc $1,280,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/23/2021 11/23/21 Sold $1,600,000 -5.9% $83 / Sq Ft
06/11/2021 06/11/21 Pending -- -- --
07/06/2020 07/06/20 For Sale $1,700,000 +6.3% $89 / Sq Ft
07/01/2020 07/01/20 Off Market $1,600,000 -- --
03/15/2018 03/15/18 For Sale $1,975,000 -- $103 / 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 $51,388 $586,664 $250,969 $335,695
2023 $50,089 $543,208 $232,379 $310,829
2022 $47,998 $514,061 $219,910 $294,151
2021 $46,307 $493,909 $211,289 $282,620
2020 $44,759 $488,535 $208,990 $279,545
2019 $43,225 $479,991 $205,335 $274,656
2018 $78,205 $892,817 $204,456 $688,361
2017 $76,391 $879,103 $201,315 $677,788
2016 $74,065 $856,408 $196,118 $660,290
2015 $72,597 $837,072 $191,690 $645,382
2014 $71,401 $830,099 $190,093 $640,006
2013 $70,524 $838,993 $192,130 $646,863
Source: Public Records

Agents Affiliated with this Home

  • Todd Smith

    Seller's Agent in 2021

    Todd Smith

    Todd P Smith Real Estate

    (217) 441-8000

    66 Total Sales

    Todd Smith
    Section Image

  • O

    Buyer's Agent in 2021

    Out of Area Out of Area

    OUT OF AREA FIRM

See All Agents

Map

Source: RMLS Alliance

MLS Number: RMACA181503

RMLS Alliance

APN: 22-10.0-381-008

Illinois Sangamon County Springfield 62703

770 E Apple Orchard Rd, Springfield, IL

Not Listed for Sale

Other

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