Taxes
- Assessed Value: $7,364
- Assessed Year: 2025
- Assessed County: Sangamon
- APN: 22-03.0-106-004
- Assessed Land Value: 2306
- Market Land Value: 6918
- Tax Amount: 596.22
- Tax Year: 2025
- Market Value: 22092
- Market Year: 2025
1516 S 7th St; Springfield, IL Property Details
Off market
1516 S 7th St Springfield, IL 62703
$7,364 Estimated Value
Property Type
Single FamilyProperty Details
Summary
- Purchase Method: Cash
- Owners / Type: 1 / Corporate
- Owner Status: Corporate
- Purchase Price: $6,500
- Est. Equity / %: $88,000 / 100%
- Gross Yield: 17.727%
- APN: 22-03.0-106-004
- Situs County: Sangamon
- Length Of Ownership: 3 years, 3 months
Measurements
- Lot: 4,279/SqFt
Legal Description
- Description: S 28' L 13 B 5 ELIJAH ILES SUB LANDS #3 PT NW 3-15-5
Building Insights
Land Information
- Property Type: Single Family
- Within Flood Zone: True
- Flood Zone: X / Low/Medium Risk
- School District: Springfield School District 186
- Lat / Lon: 39.785572 / -89.64646
- Subdivision: Elijah Iles Sub
- Property Class: Residential
- County Use Code: 40
Amenities
- Plus Four: 2812
Ownership Info
1516 S 7th St has no associated ownership info
1516 S 7th St has no associated ownership info.
Taxes
1516 S 7th St has 10 associated Taxes items
1516 S 7th St, Springfield, IL pays taxes in Sangamon County, IL. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $7,364. The APN we've located for 1516 S 7th St is 22-03.0-106-004.
Unlock the full reportTax History
1516 S 7th St has 13 associated Tax History items
| Year | Assessed Value | Land Value | Improvement Value | Tax Amount | Change Rate | Assessed CR | Tax Rate |
|---|---|---|---|---|---|---|---|
| Year 2025 | Assessed Value $7,364 | Land Value $2,306 | Improvement Value $5,058 | Tax Amount $596.22 | Change Rate +0.033525% | Assessed CR | Tax Rate +0.080964% |
| Year 2024 | Assessed Value $6,868 | Land Value $2,151 | Improvement Value $4,717 | Tax Amount $576.88 | Change Rate +0.039986% | Assessed CR | Tax Rate +0.083995% |
| Year 2023 | Assessed Value $6,274 | Land Value $1,965 | Improvement Value $4,309 | Tax Amount $554.7 | Change Rate +1.407761% | Assessed CR | Tax Rate +0.088412% |
| Year 2022 | Assessed Value $2,571 | Land Value $1,864 | Improvement Value $707 | Tax Amount $230.38 | Change Rate +0.034114% | Assessed CR | Tax Rate +0.089607% |
| Year 2021 | Assessed Value $2,475 | Land Value $1,794 | Improvement Value $681 | Tax Amount $222.78 | Change Rate +0.020148% | Assessed CR | Tax Rate +0.090012% |
| Year 2020 | Assessed Value $2,479 | Land Value $1,797 | Improvement Value $682 | Tax Amount $218.38 | Change Rate +0.014777% | Assessed CR | Tax Rate +0.088092% |
| Year 2019 | Assessed Value $2,471 | Land Value $1,791 | Improvement Value $680 | Tax Amount $215.2 | Change Rate | Assessed CR | Tax Rate +0.08709% |
| Year 2018 | Assessed Value $2,547 | Land Value $1,782 | Improvement Value $765 | Tax Amount $215.2 | Change Rate +0.021164% | Assessed CR | Tax Rate +0.084492% |
| Year 2017 | Assessed Value $2,514 | Land Value $1,759 | Improvement Value $755 | Tax Amount $210.74 | Change Rate +0.020137% | Assessed CR | Tax Rate +0.083827% |
| Year 2016 | Assessed Value $2,477 | Land Value $1,733 | Improvement Value $744 | Tax Amount $206.58 | Change Rate +0.009974% | Assessed CR | Tax Rate +0.083399% |
| Year 2015 | Assessed Value $2,447 | Land Value $1,712 | Improvement Value $735 | Tax Amount $204.54 | Change Rate +0.015288% | Assessed CR | Tax Rate +0.083588% |
| Year 2014 | Assessed Value $2,431 | Land Value $1,701 | Improvement Value $730 | Tax Amount $201.46 | Change Rate +0.022847% | Assessed CR | Tax Rate +0.082871% |
| Year 2013 | Assessed Value $2,431 | Land Value $1,701 | Improvement Value $730 | Tax Amount $196.96 | Change Rate | Assessed CR | Tax Rate +0.08102% |