Seller's Agent in 2024
GREG ZESSIN
Springfield Real Estate, LLC
(217) 414-0373
3 in this area
58 Total Sales
912 S 5th St Springfield, IL 62703
Old Aristocracy Hill NeighborhoodEstimated Value: $480,200
--
Bed
--
Bath
7,688
Sq Ft
$62/Sq Ft
Est. Value
Highlights
- Two Heating Systems
- Baseboard Heating
- Level Lot
- Springfield High School Rated A-
About This Home
As of May 2024Discover a prime investment opportunity with this charming collection of eight townhouse-style units, constructed in 1930 and meticulously maintained to meet contemporary standards. Situated adjacent to the Springfield Clinic, this property benefits from a desirable location that promises consistent tenant interest. The current owner has invested thoughtfully in extensive upgrades to enhance tenant comfort and property value. Units feature brand-new exterior doors and windows that not only improve aesthetics but also increase energy efficiency. The addition of high-grade insulation, state-of-the-art hybrid water heater, and seven new mini-split heating and cooling systems ensure year-round comfort at a lower energy cost. High-efficiency wall-mounted heaters have been installed, alongside updated appliances, adding to the modern conveniences of each home. A newly installed laundry room with coin-operated machines offers additional revenue potential and convenience for residents. The meticulous attention to detail in maintaining and upgrading each aspect of the property makes it an exceptional choice for investors seeking a turnkey solution in a high-demand area. Please note that the current owner has opted to keep rents below market value due to long-standing relationships with tenants, presenting a significant upside potential for rent increases post-acquisition. Capitalize on the low turnover rate and high demand in this location.
Last Agent to Sell the Property
Springfield Real Estate, LLC Brokerage Phone: 217-414-0373 License #471021583 Listed on: 04/16/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,334
Year Built
- Built in 1930
Lot Details
- Lot Dimensions are 80x124
- Level Lot
Home Design
- 7,688 Sq Ft Home
- Brick Exterior Construction
- Shingle Roof
Unfinished Basement
- Partial Basement
- Crawl Space
Parking
- 8 Parking Spaces
- Alley Access
Schools
- Springfield District #186 High School
Utilities
- Two Heating Systems
- Wall Furnace
- Window Unit Heating System
- Baseboard Heating
- Electric Water Heater
Community Details
- Trash Expense $2,160
Listing and Financial Details
- Tenant pays for electricity
- Assessor Parcel Number 14340312004
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 16, 2024
Closed on
May 24, 2024
Sold by
Terbriam Llc
Bought by
Sangamo Ventures Group Llc
Seller's Agent
GREG ZESSIN
Springfield Real Estate, LLC
Buyer's Agent
Kyle Killebrew
The Real Estate Group, Inc.
List Price
$490,000
Sold Price
$476,500
Premium/Discount to List
-$13,500
-2.76%
Views
25
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,700
Original Mortgage
$367,500
Outstanding Balance
$281,474
Interest Rate
6.88%
Mortgage Type
New Conventional
Purchase Details
Listed on
Sep 17, 2019
Closed on
Nov 1, 2019
Sold by
Jco Rentals Llc
Bought by
Terbriam Llc
Seller's Agent
CINDI KRUSE
IN BETWEEN OFFICES
Buyer's Agent
CINDI KRUSE
IN BETWEEN OFFICES
List Price
$269,900
Sold Price
$267,800
Premium/Discount to List
-$2,100
-0.78%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.47%
Original Mortgage
$249,400
Interest Rate
3.7%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 30, 2011
Purchase Details
Closed on
Mar 5, 2009
Purchase Details
Closed on
Apr 12, 2004
Purchase Details
Closed on
Mar 30, 2004
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sangamo Ventures Group Llc | $476,500 | None Listed On Document | |
| Terbriam Llc | $267,800 | Cornerstone Title | |
| -- | $190,000 | -- | |
| -- | -- | -- | |
| -- | -- | -- | |
| -- | $160,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Sangamo Ventures Group Llc | $367,500 | |
| Previous Owner | Terbriam Llc | $249,400 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/24/2024 05/24/24 | Sold | $476,500 | -2.8% | $62 / Sq Ft | |
| 04/18/2024 04/18/24 | Pending | -- | -- | -- | |
| 04/16/2024 04/16/24 | For Sale | $490,000 | +83.0% | $64 / Sq Ft | |
| 11/01/2019 11/01/19 | Sold | $267,800 | -0.8% | $33 / Sq Ft | View Prior Sale |
| 09/17/2019 09/17/19 | Pending | -- | -- | -- | |
| 09/17/2019 09/17/19 | For Sale | $269,900 | +27.0% | $34 / Sq Ft | |
| 04/26/2016 04/26/16 | Sold | $212,500 | -22.7% | $33 / Sq Ft | View Prior Sale |
| 04/08/2016 04/08/16 | Pending | -- | -- | -- | |
| 05/18/2015 05/18/15 | For Sale | $275,000 | -- | $43 / Sq Ft |
Source: RMLS Alliance
Tax History Compared to Growth
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 | $7,962 | $94,791 | $10,152 | $84,639 |
| 2023 | $7,055 | $79,802 | $9,273 | $70,529 |
| 2022 | $6,553 | $73,125 | $8,796 | $64,329 |
| 2021 | $6,335 | $70,387 | $8,467 | $61,920 |
| 2020 | $6,210 | $70,493 | $8,480 | $62,013 |
| 2019 | $6,094 | $70,247 | $8,450 | $61,797 |
| 2018 | $5,523 | $65,371 | $8,410 | $56,961 |
| 2017 | $5,409 | $64,525 | $8,301 | $56,224 |
| 2016 | $5,303 | $63,584 | $8,180 | $55,404 |
| 2015 | $4,630 | $55,395 | $8,082 | $47,313 |
| 2014 | $4,561 | $55,037 | $8,030 | $47,007 |
| 2013 | $4,459 | $55,037 | $8,030 | $47,007 |
Source: Public Records
Agents Affiliated with this Home
-
GREG ZESSIN
-
Kyle Killebrew
Buyer's Agent in 2024
Kyle Killebrew
The Real Estate Group, Inc.
(217) 321-8210
11 in this area
1,982 Total Sales
-
CINDI KRUSE
Seller's Agent in 2019
CINDI KRUSE
IN BETWEEN OFFICES
(217) 341-2006
229 Total Sales
-
Kevin Jarvis
K
Seller's Agent in 2016
Kevin Jarvis
Century 21 Real Estate Assoc
(217) 971-6041
14 Total Sales
-
Krystal K Buscher
Buyer's Agent in 2016
Krystal K Buscher
The Real Estate Group, Inc.
(217) 553-9280
2 in this area
314 Total Sales
Map
Source: RMLS Alliance
MLS Number: CA1028532
APN: 14-34.0-312-004
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