NOT LISTED FOR SALE

Estimated Value: $447,054

Studio
-- Bath
-- Sq Ft
9,583 Sq Ft Lot

Last Sold October 03, 2022

Last sale price $350,000

Est. 28% increase in value since last sale

Current estimated payment $3,268/month

56 Days on Market

About This Home

As of October 2022

Excellent opportunity to own a mix use building, apartment/office in central Downtown Springfield. Building offers 6 one bedroom apartments on the second floor with 3500 sq ft of prime office space on the main level. Main level was previously a dental office and offers the potential for residential or office . The building has a full basement which has many possibilities. There are 16 off street parking places on site.

Last Agent to Sell the Property

Derrel Davis

The Real Estate Group, Inc. License #475086107 Listed on: 07/29/2022

The Real Estate Group, Inc.

Last Buyer's Agent

Jerry George

The Real Estate Group, Inc. License #475159363

The Real Estate Group, Inc.

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $10,500

Lot Details

  • 9,583

Utilities

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

Listing and Financial Details

  • Tenant pays for all
  • The owner pays for real estate taxes, common area, trash, snow/lawn, roof

Property Details

Property Type

Other

Est. Annual Taxes

$10,500

Lot Details

9,583 Sq Ft Lot

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Multi-Family, Office
  • Lvt Date: 07/29/2022
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpeted, Tile/Vinyl
  • Total Building Sq Ft: 7000
  • Estimated Lot Sq Ft: 9555

Exterior Features

  • Exterior Finish: Brick
  • Frontage Access: City Street
  • Insulation: Roof, Side Walls
  • Roof Construction: Asphalt/Fiberglass
  • Wall Construction: Brick

Garage/Parking

  • Numberparking Spaces Allocated: 16

Utilities

  • Electric Company: CWLP
  • Cooling: Central Air
  • Heating: Forced Air, Gas, Zones
  • Water Supply: City on Premises
  • Gas Company: Ameran
  • Water Company: CWLP

Lot Info

  • Estimated Number of Acres: 0.22
  • Zoning: Commercial
  • Estimated Land Size: 65 x 147
  • Geo Subdivision: IL
  • Irregular Lot: No
  • Property Use: Medical Office, Office Building

Rental Info

  • Owner Pays: Real Estate Taxes, Common Area, Trash, Snow/Lawn, Roof
  • Sale Lease Includes: Building
  • Tenant Pays: All

Tax Info

  • Annual Taxes: 10500
  • Parcel Id Number Tax Id: 14340333005
  • Tax Incentive: None
  • Tax Year: 2021

Multi Family

  • Total Number Units: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2022
Closed on
Oct 4, 2022
Sold by
Hayes Dennis R and Hayes Linda L
Bought by
Acm Property Group Llc
Seller's Agent
Derrel Davis
The Real Estate Group, Inc.
Buyer's Agent
Jerry George
The Real Estate Group, Inc.
List Price
$425,000
Sold Price
$350,000
Premium/Discount to List
-$75,000
-17.65%
Current Estimated Value
$447,054

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,054
Avg. Annual Appreciation
7.37%
Original Mortgage
$280,000
Outstanding Balance
$267,629
Interest Rate
5.13%
Mortgage Type
New Conventional
Estimated Equity
$179,425

Purchase Details

Closed on
Feb 3, 1997

Purchase Details

Closed on
Aug 14, 1996
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
Acm Property Group Llc $350,000 None Listed On Document
-- -- --
-- $155,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Acm Property Group Llc $280,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/03/2022 10/03/22 Sold $350,000 -17.6% --
09/23/2022 09/23/22 Pending -- -- --
07/29/2022 07/29/22 For Sale $425,000 -- --
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
2024 $11,610 $138,224 $26,080 $112,144
2023 $11,162 $126,255 $23,822 $102,433
2022 $10,732 $119,764 $22,597 $97,167
2021 $10,500 $116,654 $21,751 $94,903
2020 $16,509 $187,415 $21,784 $165,631
2019 $16,202 $186,761 $21,708 $165,053
2018 $17,525 $207,416 $21,604 $185,812
2017 $17,162 $204,734 $21,325 $183,409
2016 $16,825 $201,748 $21,014 $180,734
2015 $16,662 $199,336 $20,763 $178,573
2014 $16,412 $198,049 $20,629 $177,420
2013 $16,046 $198,049 $20,629 $177,420
Source: Public Records

Agents Affiliated with this Home

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Map

Source: RMLS Alliance

MLS Number: CA1016528

RMLS Alliance

APN: 14-34.0-333-005

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