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Sold for $61,000 on 02/12/24
  • $61,000

    2635 E Geddes Ave, Decatur, IL 62526

    2beds
    1,056sqft
    Single Family Residence
    Built in 1954
    0.46 Acres Lot
    $80,000 Zestimate®
    $58/sqft
    $948 Estimated rent

    Home value

    $80,000

    $70,000 - $90,000

    $948/mo

    Zestimate® history
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    $948/mo

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    $369/mo

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    $369/mo

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    What's special

    Nice size ranch home on a nearly half acre fenced lot with an oversized 2.5 car detached garage! Inside you'll love the large living room/kitchen/dining room combo, fresh paint throughout, replacement windows, and new luxury vinyl plank flooring in living room and dining room. Large pantry and main floor laundry room are a huge plus as well. Listed as 2 bedrooms, but there is a 3rd room that would be ideal for an office, nursery, or playroom. New fridge, stove, dishwasher, and toilet as well. New roof on garage and house in 2018 and new water heater in 2019. HVAC age unknown. There is currently no owner occupied homestead exemption on this home, but if owner occupied that would decrease property taxes by ~$600/year. Investor alert! This home was rented for 6 years at $880/mo. This represents an ~11% cap rate. If financed at 90% LTV this would be an ROI of ~60%.

    Zillow last checked: 8 hours ago

    Listing updated: January 13, 2025 at 08:50am

    Listed by:

    Tony Piraino 217-875-0555,

    Brinkoetter REALTORS®

    Bought with:

    Jim Cleveland, 471008537

    RE/MAX Executives Plus

    Source: CIBR,MLS#: 6230485MLS LogoOriginating MLS: Central Illinois Board Of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    • Full bathrooms: 1
    Bedroom
    • Description: Flooring: Carpet
    • Level: Main
    Bedroom
    • Description: Flooring: Carpet
    • Level: Main
    Dining room
    • Description: Flooring: Vinyl
    • Level: Main
    Other
    • Description: Flooring: Vinyl
    • Level: Main
    Kitchen
    • Description: Flooring: Vinyl
    • Level: Main
    Laundry
    • Description: Flooring: Vinyl
    • Level: Main
    Living room
    • Description: Flooring: Vinyl
    • Level: Main
    Office
    • Description: Flooring: Carpet
    • Level: Main
    Heating
    • Forced Air, Gas
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Disposal, Gas Water Heater, Microwave, Oven, Range, Refrigerator
    • Laundry: Main Level
    Features
    • Main Level Primary
    • Windows: Replacement Windows
    • Basement: Crawl Space
    • Has fireplace: No
    Interior area
    • Total structure area: 1,056
    • Total interior livable area: 1,056 sqft
    • Finished area above ground: 1,056

    Property

    Parking
    • Total spaces: 2.5
    • Parking features: Detached, Garage
    • Garage spaces: 2.5
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Patio
    • Exterior features: Fence, Shed
    • Fencing: Yard Fenced
    Lot
    • Size: 0.46 Acres
    • Dimensions: 221.8 x 91
    Details
    • Additional structures: Shed(s)
    • Parcel number: 041212277013
    • Zoning: R-1
    • Special conditions: None

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Ranch
    • Property subtype: Single Family Residence
    Materials
    • Vinyl Siding
    • Foundation: Crawlspace
    • Roof: Asphalt,Shingle
    Condition
    • Year built: 1954

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Decatur
    • Subdivision: Glatz Add

    Other

    Other facts
    • Road surface type: Asphalt

    Price history

    DateEventPrice
    2/12/2024Sold$61,000-6.2%$58/sqft
    Source: CIBR #6230485 Report a problem
    1/13/2024Pending sale$65,000$62/sqft
    Source: CIBR #6230485 Report a problem
    12/14/2023Listed for sale$65,000+100.4%$62/sqft
    Source: CIBR #6230485 Report a problem
    11/14/2023Listing removed--
    Source: Zillow Rentals Report a problem
    8/15/2023Listed for rent$885$1/sqft
    Source: Zillow Rentals Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$1,620 +0.8%$16,738 +3.7%
    2023$1,607 +7.3%$16,145 +10.3%
    2022$1,497 +6.4%$14,641 +7.1%

    Find assessor info on the county website

    Neighborhood: 62526

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Decatur Dist 61

    Source: CIBR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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