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Backup Offers

316 Magnolia Dr, Springfield, IL, 62702

$92,000

Home List Price

$1,093*

Closing Credit

2 Bedrooms
1 Full Bath
826 SqFt
$111/SqFt
House
Schools Nearby

Location

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316 Magnolia Dr, Springfield$92,000

Buyer Closing Credits

$1,093*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingDetached, Paved
Garage1 space
Year Built1962
HeatingNatural Gas, Forced Air, Central
MLS #CA1029194
StatusAccepting Backup Offers
(Pending Continue to Show)

About 316 Magnolia Dr

Welcome to your next venture – a 2-bed, 1-bath ranch style house that's not just a home, but a thriving Airbnb! Nestled in Springfield, this property boasts excellent booking rates, making it a profitable venture for savvy investors or a cozy haven for owner-occupiers. Step into a fully furnished retreat where every detail has been thoughtfully curated. From the furniture to modern appliances, from sleek TVs to gaming devices, this home offers a turnkey solution for those seeking both comfort and convenience. Say goodbye to the hassle of moving in – this house comes complete with kitchen tools, bedding, and décor, ensuring a seamless transition. Outside, discover a fenced yard offering privacy and security, perfect for enjoying sunny days or hosting outdoor gatherings. Plus, with a 1-car detached garage, you have ample space for parking or additional storage. Whether you're looking to capitalize on the lucrative Airbnb market or seeking a cozy abode to call your own, this property offers the best of both worlds. Don't miss your chance to own a piece of serenity and success – schedule a viewing today!

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch
  • Year Built: 1962
  • Living Area: 826 SqFt

Listing Office:

  • Office Name: The Real Estate Group, Inc.
  • Office Phone: (217) 638-7653
  • Listing Agent: Cindy Grady

Interior Features

Interior Information:

  • Appliances: Range, Oven, Refrigerator, Washer, Dryer
  • Basement: No
  • Interior: Blinds, Ceiling Fan(s)

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Exterior: Fenced Yard

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: Detached, Paved

Lot Features

Lot Information:

  • Lot: Level

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air, Central

School Info

Assigned Schools Information:

  • Lanphier High School, Public District Grades 9-12
  • Washington Middle School, Public District Grades 6-8

Other

Directions Information:

  • Directions: Traveling West on Clearlake, cross Dirksen Prkwy, then turn North on Magnolia (at Mario's Pizza). Cross E Linden. House on Right

Price Information

Listing Price Info

Price Summary:

  • List Price: $92,000
  • Price Per SqFt: $111/SqFt

Tax Information:

  • Annual Amount: $1,364
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Springfield, IL.

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Springfield, IL

City

Med. Sold Price

$155.9K

Med. Price/SqFt

$100

Avg. Days On Market

12

# of Sold Homes

145

316 Magnolia Dr vs Springfield

15 DAYS ON ROCKET

+3 Days

$92,000

-$63.9K Less

$111/SqFt

+$11 More

KEY TAKEAWAY

This property is $63.9K less than the Median Sold Price and $11/SqFt more than other homes in Springfield, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: RMLSA
  • MLS Number: #CA1029194

Listing Office:

  • Office Name: The Real Estate Group, Inc.
  • Office Phone: (217) 638-7653
  • Listing Agent: Cindy Grady

IDX Listings courtesy of RMLS Alliance as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of RMLS Alliance®. Real estate listings held by brokerage firms other than this broker are marked with the RMLSA logo and detailed information about them includes the name of the listing brokers. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but is not guaranteed and should be independently verified through personal inspection and/or with the appropriate professionals. Copyright © 2024 Peoria Area Association of REALTORS®.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/1/2024, 12:50:37 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$1,364$15,387
2019$272$15,329
2018$272$15,620
2017$270$15,145

History based on county public records data.

Payment Calculator

$527

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$342

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Middle School

school-card-donut-6222009
2
/10

  • Washington Middle School

  • 2300 E Jackson St

  • 0.96 miles

  • Public District Grades 6-8

High School

school-card-donut-6222010
2
/10

  • Lanphier High School

  • 1300 N 11th St

  • 1.90 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $14,603. Most Springfield, IL residents have annual incomes less than $35k. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 316 Magnolia Dr

What is the listing price of this property?

The listing price of 316 Magnolia Dr property is $92,000.

What type of property is this?

The property 316 Magnolia Dr is a house located in Springfield, Illinois, 62702.

Is this property for sale now?

Accepting Backup Offers: 316 Magnolia Dr is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 316 Magnolia Dr are:
Washington Middle School: GreatSchools Rating 2/10
Lanphier High School: GreatSchools Rating 2/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,364 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 316 Magnolia Dr has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 316 Magnolia Dr is 826 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 316 Magnolia Dr is 1962.

Rocket Homes›Illinois›Sangamon County›Springfield›62702›316 Magnolia Dr

This home is located at 316 Magnolia Dr in Springfield, IL and zip code 62702. This 826 square foot home was built in 1962. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since May 16, 2024 and is currently priced at $92,000.

Over 62 listings were sold over their listed price in April 2024 in Springfield, IL. In the same period over 54 listings were sold below the listed price and 29 listings were sold for the listed price. In April 2024 in Springfield, IL there were 10.2% more homes for sale than in March 2024. While the average time on the market in April 2024 was 12 days, the median list price was $155,921.

From Rocket Homes Real Estate and based on county public records data.

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