NOT LISTED FOR SALE

1507 E Main St Salem, IL 62881

Estimated Value: $27,605

-- Bed
-- Bath
-- Sq Ft
0.6 Acres

Last Sold February 28, 2020

Last sale price $27,000

Est. 2% increase in value since last sale

Current estimated payment $173/month

138 Days on Market

About This Home

As of February 2020

5000+ Square foot building situated on US 50 East of Salem IL. Building has a number of potential utilizations. Currently should be considered a shell building ready for upgrading or demolition.Disclosure: Shell building in need of repair and upgrades. Electric service has not been on for several years. Survey performed - corners flagged.

Last Agent to Sell the Property

Jim Somer

SOMER REAL ESTATE License #471004184 Listed on: 10/09/2019

Co-Listed By

Alan Owen

Coldwell Banker Allen & Geary License #475182718

Last Buyer's Agent

Trudie Smith

SOMER REAL ESTATE License #475178075

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $1,312

Year Built

  • Built in 1955

Lot Details

  • 0.6

Utilities

  • Heating System Uses Gas

Property Details

Property Type

Other

Est. Annual Taxes

$1,312

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Retail
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete, Tile/Vinyl
  • Total Sq Ft: 5106
  • Total Building Sq Ft: 5106

Exterior Features

  • Exterior Finish: Block
  • Frontage Access: City Street
  • Insulation: None
  • Roof Construction: Rolled
  • Wall Construction: Masonry
  • Construction: Block

Garage/Parking

  • Numberparking Spaces Allocated: 20

Utilities

  • Electric Company: Ameren
  • Cooling: None
  • Heating: Gas, None
  • Gas Company: Salem
  • Water Company: Salem

Lot Info

  • Estimated Number of Acres: 0.6
  • Zoning: Commercial
  • Estimated Land Size: 197.94x132
  • Geo Subdivision: IL
  • Irregular Lot: Yes
  • Lot Size Remarks: 132x197.94x122.03x197.98 (10x.04)

Rental Info

  • Sale Lease Includes: Sale/Lease Other
  • Terms Lease: N/A

Tax Info

  • Annual Taxes: 1312
  • Parcel Id Number Tax Id: 1112000066
  • Tax Incentive: None
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 7, 2022
Sold by
Harness Justin D
Bought by
Crouch Edith F
Current Estimated Value
$27,605

Purchase Details

Closed on
Oct 20, 2014
Sold by
Allgyer James and Allgyer Virgil M
Bought by
Harness Justin D and Harness Cynthia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,921
Interest Rate
4.13%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Crouch Edith F $27,000 --
Harness Justin D $80,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Harness Justin D $100,921
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2020 02/28/20 Sold $27,000 -15.6% --
10/09/2019 10/09/19 For Sale $32,000 -- --
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
2021 $1,344 $15,150 $12,050 $3,100
2020 $1,327 $15,030 $11,960 $3,070
2019 $1,308 $14,480 $11,520 $2,960
2018 $1,305 $14,480 $11,520 $2,960
2017 $1,289 $14,190 $11,290 $2,900
2016 $1,279 $13,390 $10,650 $2,740
2015 $12 $13,390 $10,650 $2,740
2012 $21 $22,650 $10,440 $12,210
Source: Public Records

Agents Affiliated with this Home

  • Jim Somer

    Seller's Agent in 2020

    Jim Somer

    SOMER REAL ESTATE

    (618) 267-5123

    8 in this area

    40 Total Sales

    Jim Somer
    Section Image
  • Alan Owen

    Seller Co-Listing Agent in 2020

    Alan Owen

    Coldwell Banker Allen & Geary

    (618) 322-1160

    13 in this area

    112 Total Sales

    Alan Owen
    Section Image

  • T

    Buyer's Agent in 2020

    Trudie Smith

    SOMER REAL ESTATE

    Section Image
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Map

Source: RMLS Alliance

MLS Number: RMAEB430856

RMLS Alliance

APN: 1112000066

Illinois Marion County Salem 62881

1507 E Main St, Salem, IL

Not Listed for Sale

Other

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