10 months on rocket

1731 E Melrose St, Springfield, IL, 62703

$55,000

Home List Price

$653*

Closing Credit

2 Bedrooms
1 Full Bath
630 SqFt
$87/SqFt
House

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

1731 E Melrose St, Springfield$55,000

Buyer Closing Credits

$653*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingGravel
Year Built1959
HeatingNatural Gas, Forced Air, Central
MLS #CA1027415
StatusActive

About 1731 E Melrose St

Welcome to this charming 2-bedroom, 1-bathroom home! This property is perfect for first-time buyers. All appliances and washer and dryer stay. Recent updates include new paint and updated flooring. The home sits on a large double lot with a finished building and a small storage shed. Looking for your next investment property? This home is a perfect fit! This home is Section 8 eligible and move in ready with potential rent revenue of over $875 a month!

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch
  • Year Built: 1959
  • Living Area: 630 SqFt

Listing Office:

  • Office Name: The Real Estate Group, Inc.
  • Office Phone: (217) 691-1701
  • Listing Agent: Megan Nika

Interior Features

Interior Information:

  • Appliances: Range, Oven, Refrigerator
  • Basement: No

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Exterior: Fenced Yard, Shed(s)

Parking Information:

  • Parking: Gravel

Lot Features

Lot Information:

  • Lot: Level

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air, Central

Other

Directions Information:

  • Directions: From Ash and 11th, continue South on 11th to Melrose, turn East onto Melrose

Price Information

Listing Price Info

Price Summary:

  • List Price: $55,000
  • Price Per SqFt: $87/SqFt

Tax Information:

  • Annual Amount: $1,046
  • Tax Year: 2020
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

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

Map thumbnail provided by MapBox

Springfield, IL

City

Med. Sold Price

$169.9K

Med. Price/SqFt

$103

Avg. Days On Market

16

# of Sold Homes

128

1731 E Melrose St vs Springfield

300 DAYS ON ROCKET

+284 Days

$55,000

-$114.9K Less

$87/SqFt

-$17 Less

KEY TAKEAWAY

This property is $114.9K less than the Median Sold Price and $17/SqFt less than other homes in Springfield, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: RMLSA
  • MLS Number: #CA1027415

Listing Office:

  • Office Name: The Real Estate Group, Inc.
  • Office Phone: (217) 691-1701
  • Listing Agent: Megan Nika

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: 12/18/2024, 10:21:03 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 10, 2007Home Sold
$11,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,046$11,870
2019$841$11,829
2018$841$9,951
2017$823$9,822

History based on county public records data.

Payment Calculator

$342

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$231

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

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.

Nearby Schools

school-card-donut-4490244
2
/10

  • Harvard Park Elementary School

  • 2501 S 11th St

  • 0.64 miles

  • Public District Grades PK-5

school-card-donut-4490245
1
/10

  • Feitshans Elementary School

  • 1101 S 15th St

  • 1.05 miles

  • Public District Grades PK-5

school-card-donut-4490246
1
/10

  • Matheny-Withrow Elementary School

  • 1200 S Pope Ave

  • 1.09 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $33,806. The majority of Springfield, IL residents have income less than $35k annually. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1731 E Melrose St

What is the listing price of this property?

The listing price of 1731 E Melrose St property is $55,000.

What type of property is this?

The property 1731 E Melrose St is a house located in Springfield, Illinois, 62703.

Is this property for sale now?

Active Listing: 1731 E Melrose St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,046 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on January 10, 2007 for $11,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1731 E Melrose St has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 1731 E Melrose St is 630 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1731 E Melrose St is 1959.

Rocket Homes›Illinois›Sangamon County›Springfield›62703›1731 E Melrose St

This home is located at 1731 E Melrose St in Springfield, IL and zip code 62703. This 630 square foot home was built in 1959. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since February 21, 2024 and is currently priced at $55,000.

In November 2024, from all listings sold in Springfield, IL there were more than 42 sold above asking price, over 61 sold below and more than 25 were sold right at the asked price. The number of homes for sale in Springfield, IL decreased by 6% between October 2024 and November 2024. While the average time on the market in November 2024 was 16 days, the median list price was $169,915.

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

More Resources