NOT LISTED FOR SALE

107 E Main St Salem, IL 62881

Estimated Value: $110,075

-- Bed
-- Bath
-- Sq Ft
2,396 Sq Ft Lot

Last Sold September 27, 2021

Last sale price $78,000

Est. 41% increase in value since last sale

Current estimated payment $801/month

139 Days on Market

About This Home

As of September 2021

Are you wanting to start a business in downtown Salem, but the start up fees scare you? This is the perfect opportunity with instant income! This building has (2) two bedroom studio apartments bringing in $1,500/month. The lower level is an open concept ready to accommodate dreams as big as you can dream. The retail spaces has an ADA accessible bathroom and a kitchen equipped with a commercial stainless steel sink and all the hook ups for your ovens and refrigerators. Call today and lets make you the newest entrepreneur in Salem!

Last Agent to Sell the Property

Cindy Quinn-Wood

QUINN REALTY AND PROPERTY MANAGEMENT GROUP License #471021459 Listed on: 03/06/2021

Last Buyer's Agent

Rhonda Mulvany

SOMER REAL ESTATE License #471004349

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $1,926

Lot Details

  • 2,396

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • The owner pays for all

Property Details

Property Type

Other

Est. Annual Taxes

$1,926

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Other
  • Lvt Date: 03/08/2021
  • Handicap Modified: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete, Carpeted, Tile/Vinyl
  • Total Building Sq Ft: 4312

Exterior Features

  • Exterior Finish: Block
  • Frontage Access: Corner Lot, City Street
  • Insulation: Unknown
  • Roof Construction: Comp Roll
  • Wall Construction: Block

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Gas
  • Water Supply: City on Premises

Lot Info

  • Zoning: commercial
  • Geo Subdivision: IL

Rental Info

  • Owner Pays: All
  • Tenant Pays: None
  • Terms Lease: Month to Month

Tax Info

  • Annual Taxes: 1925.94
  • Parcel Id Number Tax Id: 1100008450
  • Tax Incentive: None
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2021
Closed on
Sep 3, 2021
Sold by
Freeman Michael R and Freeman Betsy
Bought by
Alex & Abby Williams Holdings
Seller's Agent
Cindy Quinn-Wood
QUINN REALTY AND PROPERTY MANAGEMENT GROUP
Buyer's Agent
Rhonda Mulvany
SOMER REAL ESTATE
List Price
$90,000
Sold Price
$78,000
Premium/Discount to List
-$12,000
-13.33%
Current Estimated Value
$110,075

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,075
Avg. Annual Appreciation
8.99%
Original Mortgage
$75,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 6, 2021
Closed on
Aug 25, 2021
Sold by
Tallada Laura
Bought by
Freeman Michael R and Freeman Betsy
Seller's Agent
Cindy Quinn-Wood
QUINN REALTY AND PROPERTY MANAGEMENT GROUP
Buyer's Agent
Rhonda Mulvany
SOMER REAL ESTATE
List Price
$90,000
Sold Price
$78,000
Premium/Discount to List
-$12,000
-13.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 7, 2015
Closed on
Jun 23, 2017
Sold by
Dial Judith M
Bought by
Freeman Michael R
Seller's Agent
Jenny Holsapple
SOMER REAL ESTATE
Buyer's Agent
Jenny Holsapple
SOMER REAL ESTATE
List Price
$125,000
Sold Price
$80,000
Premium/Discount to List
-$45,000
-36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.59%
Original Mortgage
$64,598
Interest Rate
4.05%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Alex & Abby Williams Holdings $78,000 None Available
Freeman Michael R -- None Available
Freeman Michael R $80,000 Larimer Abstract & Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Freeman Michael R $64,598
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2021 09/27/21 Sold $78,000 -13.3% --
07/23/2021 07/23/21 Pending -- -- --
03/06/2021 03/06/21 For Sale $90,000 0.0% --
10/24/2019 10/24/19 Sold $90,000 -30.8% --
09/23/2019 09/23/19 Pending -- -- --
05/06/2019 05/06/19 For Sale $130,000 +62.5% --
06/23/2017 06/23/17 Sold $80,000 -36.0% --
05/01/2017 05/01/17 Pending -- -- --
08/07/2015 08/07/15 For Sale $125,000 -- --
Source: RMLS Alliance

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,599 $35,270 $3,100 $32,170
2023 $2,662 $33,620 $3,550 $30,070
2022 $2,585 $30,570 $3,230 $27,340
2021 $2,534 $28,570 $3,020 $25,550
2020 $1,974 $28,360 $3,000 $25,360
2019 $1,926 $27,320 $2,890 $24,430
2018 $1,930 $27,320 $2,890 $24,430
2017 $2,450 $26,780 $2,830 $23,950
2016 $2,412 $25,260 $2,670 $22,590
2015 $18 $25,260 $2,670 $22,590
2012 $12 $24,760 $2,610 $22,150
Source: Public Records

Agents Affiliated with this Home

  • Cindy Quinn-Wood

    Seller's Agent in 2021

    Cindy Quinn-Wood

    QUINN REALTY AND PROPERTY MANAGEMENT GROUP

    (618) 322-6911

    72 in this area

    184 Total Sales

    Cindy Quinn-Wood
    Section Image
  • Rhonda Mulvany

    Buyer's Agent in 2021

    Rhonda Mulvany

    SOMER REAL ESTATE

    (618) 267-5946

    116 in this area

    197 Total Sales

    Rhonda Mulvany
    Section Image

  • J

    Seller's Agent in 2017

    Jenny Holsapple

    SOMER REAL ESTATE

See All Agents

Map

Source: RMLS Alliance

MLS Number: EB438504

RMLS Alliance

APN: 1100008450

Illinois Marion County Salem 62881

107 E Main St, Salem, IL

This home is located at 107 E Main St, Salem, IL 62881 since 06 March 2021 and is currently estimated at $110,075. 107 E Main St is a home located in Marion County with nearby schools including Franklin Park Middle School, Hawthorn Elementary School, and Salem Community High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

RMLS Alliance IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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