See Home Value
$112,902*
House - Off Market

550 S STATE

Springfield, IL 62704
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2302 Sqft
$70,000 - $80,000
Reference Base Price*
46.63%
Since Sep 1, 2019
National-US
Primary Model
Sold Sep 30, 2022
$60,000
Sold Sep 13, 2019
$70,000

About This Property

Looking to earn equity or income? Spacious, airy & bright, 4-5 BD, 2BA family home on a corner lot within walking distance to schools and Washington Park. Huge 3rd floor finished attic brings the useable living space to 3000 sq ft!  Convenient 2nd flr lndry near the MBR, bonus room on main floor for office or gaming, wrap around porch, full unfin. bsmnt. Electric is split between 1st and 2nd floor--this home could also be converted back to a duplex for Mother-in-Law quarters or owner occupied rental. A little sweat equity will take this home to the next level! Updates incl: most windows '15, carpet '17, kit. cab's '17, H20 htr, gas lines, and boiler flue '15.

The manager has listed the unit size as 2302 square feet.
Unit Size
2,302Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$33
Property Type
House
Property Taxes
$2,035
HOA Dues
-
Year Built
-

Price History

Date / Event Date Event Price
Sep 30, 2022 Sold $60,000
Sold
Aug 8, 2019 No longer available -
No longer available
Jul 19, 2019 Price Decreased $77,000
↓ $2K (2.5%)
Price Decreased
Jul 13, 2019 Price Decreased $79,000
↓ $3K (3.7%)
Price Decreased
Jun 1, 2019 Listed $82,000
Listed

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,534
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ANN M CAMPBELLS HEIRS SUB
  • Land Acres: 0.15
  • Standard Land Use Code: Residential (general) (single)
  • Legal Description 1: ANNA M CAMPBELLS HEIRS SUB L12 ASSRS SUB NW 33-16-5 W 102' 101/2 L7&W 102' 101/2'' S 36' L 6 B 1

Ownership

  • Current Owner : ABSOLUTE VISION PROPERTY & MANAGEMENT II LLC
  • Previous Owner : ALBERT TAMMY M
  • Owner Before Previous Owner: HANLON JOHN H
  • Owner Before Previous Owner 2: HANLON KRISTY L
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Springfield School District 186
  • Census Tract: 001200

Geography

  • Account Number: 14330177013 (CHECK DIGIT = 3)
  • District: 01
  • Parcel: 14-33.0-177-013
  • Municipality: CAPITAL
  • Latitude: 39.7963
  • Longitude: -89.6662

    Address

  • Full Address: 550 S State St
  • Address - House Number: 550
  • Street Direction: S
  • Address - Street Name: State
  • Address - Suffix Type: St
  • State: IL
  • City Name: Springfield
  • Carrier Code: C060
  • 4-Digit Zip Code: 1760
  • Zip Code: 62704

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,191
  • Tax Rate Code Area: 001

    Appraisal Valuation

  • Standard Deviation: 0.2163
  • Valuation Date: Sep 06, 2023
  • Confidence Score: 70
  • Final Value: 81,460
  • High Value: 99,081
  • Low Value: 63,838

    Market Valuation

  • Market Total Value: $73,356
  • Market Land Value: $16,137
  • Market Improvement Value: $57,219

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $24,452
  • Assessed Land Value: $5,379
  • Assessed Improvements Value: $19,073

    Sales

  • Current Sale Contract Date: Aug 08, 2022
  • Current Sale Recording Date: Sep 30, 2022
  • Current Sale Transaction ID: 11896763545
  • Current Sale Price: $60,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 21131
  • Previous Sale Recording Date: Sep 13, 2019
  • Previous Sale Contract Date: Sep 12, 2019
  • Previous Sale Amount: $70,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: LOAN FUNDER LLC SERIES 37597
  • First Mortgage Transaction Date: Sep 30, 2022
  • First Mortgage Loan Amount: $75,000
  • First Mortgage Terms: 12
  • First Mortgage Loan Type: Building or Construction Loan
  • First Mortgage Loan Due Date: Aug 08, 2023



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
2 Baths
3,019 ft²
$30/ft²
$89,900 Jun 1, 2019
-
$2,035/mo
House
4 Beds
2 Baths
1,632 ft²
$52/ft²
$84,900 Apr 11, 2022
-
$76/mo
House
3 Beds
1.5 Baths
1,541 ft²
$50/ft²
$77,500 Oct 8, 2022
-
$206/mo
Multifamily
Stu
-
2,176 ft²
$41/ft²
$89,900 Apr 11, 2022
-
$185/mo
Multifamily
Stu
1 Bath
2,093 ft²
$31/ft²
$65,000 Feb 5, 2019
-
$2,078/mo
Multifamily
Stu
-
1,584 ft²
$50/ft²
$79,900 Apr 4, 2022
-
$117/mo
Multifamily
Stu
-
648 ft²
$108/ft²
$70,000 Feb 15, 2019
-
$1,054/mo

About Historic West-Side


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Nearby Rentals



Frequently Asked Questions

When was property at 550 South State Street built and last sold?
The property at 550 South State Street was built in and last sold on Aug 8, 2022 for $60,000.
How much is this home worth?
The estimated value of the home located at 550 South State Street is $77,770.
What are some comparable homes to 550 South State Street?
There are currently no comparable homes to 550 South State Street.

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