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Mattoon 61938
2516 Pine Avenue
$29,000
↓ $4K (12.1%)
● House - For Sale

2516 Pine Avenue

Mattoon, IL 61938
bedrooms
2 Beds
bathrooms
1 Bath
square feet
2,110 Ft²
$271
Est. Monthly

About This Property

EXPERIENCED INVESTORS - MATTOON, IL | PRICED TO SELL! NEW PRICE OF JUST $29,000 | LOWEST-PRICED PROPERTY IN MATTOON | READY TO SELL  Substantial value-add opportunity at an attractive $29,000 acquisition price of only $13.74/SF. This approximately 2,110-square-foot, 1910-built home provides an experienced investor with the opportunity to renovate, reposition, and create value in a spacious property with a flexible layout. The home features 2 bedrooms, 1 bathroom, a full basement with windows, and a generously sized upstairs flex room with a window, providing potential to add a closet and create a third bedroom. The existing layout may also provide potential for additional bedrooms and bathrooms, subject to buyer verification and local requirements. Sold AS-IS. The heavy lifting has already been done. The property is vacant, the eviction process has been completed, and the interior and exterior cleanout is finished, allowing the next owner to move directly into the renovation and repositioning phase. Clean, insurable title is also in place and ready for its new owner. Potential exit strategies include renovation and resale, rental, or long-term investment, depending on the buyer's objectives and renovation plan. Now priced at just $29,000 and ready for its next owner. An attractive entry point for an investor seeking a value-add opportunity in Mattoon, with a new price of just $29,000 and the heavy lifting already completed.
Unit Size
2,110 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$14
Property Type
House
Property Taxes
$129
HOA Dues
-
Year Built
1907

Listed By

Misael Chacon
Beycome Brokerage Realty LLC

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Property Highlights

Air Conditioning
Interior Details
Full Bathrooms: 1
Rooms: 6
Basement: Unfinished, Full
Exterior Details
Square Footage: 2110
Year Built: 1907
Construction Materials: Frame
Lot Size Area: 3049.2
Lot Size Units: Square Feet
Lot Size Acres: 0.07
Lot Size Square Feet: 3049.2
Lot Size Dimensions: 300x100
Water Source: Public
Financial Details
Tax Annual Amount: $1,543
Utilities Details
Cooling Type: Central Air
Heating Type: Natural Gas
Sewer : Unknown
Location Details
HOA/Condo/Coop Fee Includes: None

Building Info

Overview

    General

  • Year Built: 1907
  • Effective Year Built: 1907
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 884
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,485
  • Lot Size Depth Feet: 750
  • Lot Size Frontage Feet: 450
  • Total Building Area: 2,652
  • Building Area: 1,668
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,668
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NOYES ADDITION
  • Land Acres: 0000000080
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: NOYES ADDITION BLK 106, PT OF LOT 8 SE 1/4 SEC 14 T12N R07E

Neighborhood

  • School District Name: Mattoon Community Unit School District 2
  • Census Tract: 001200

Geography

  • District: 07
  • Parcel: 07-2-11009-000
  • Block: 106
  • Lot: 8
  • Meridian: SEC 14 TWN 12N RNG 07E
  • Municipality: MATTOON
  • Latitude: 39.4823
  • Longitude: -88.3866

    Address

  • Full Address: 2516 Pine Ave
  • Address - House Number: 2516
  • Address - Street Name: Pine
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Mattoon
  • Carrier Code: C012
  • 4-Digit Zip Code: 3733
  • Zip Code: 61938

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $139,470
  • Tax Rate Code Area: 07002

    Appraisal Valuation

  • Standard Deviation: 0.2703
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 61
  • Final Value: 58,966
  • High Value: 74,911
  • Low Value: 43,022

    Market Valuation

  • Market Total Value: $47,679
  • Market Land Value: $16,977
  • Market Improvement Value: $30,702

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $15,893
  • Assessed Land Value: $5,659
  • Assessed Improvements Value: $10,234
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Mattoon


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Frequently Asked Questions

When was property at 2516 Pine Avenue built and last sold?
The property at 2516 Pine Avenue was built in 1907 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 2516 Pine Avenue is $35,766.
What are some comparable homes to 2516 Pine Avenue?
There are currently no comparable homes to 2516 Pine Avenue.