NOT LISTED FOR SALE

201 S Franklin St Salem, IL 62881

Estimated Value: $83,000 - $134,000

-- Bed
-- Bath
2,416 Sq Ft
$43/Sq Ft Est. Value

Last Sold June 01, 2023

Last sale price $78,500 $32 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $704/month

46 Days on Market

About This Home

As of June 2023

Great investment opportunity. 3 unit building. Upstairs unit has 2 bedrooms. All units have furnace, water heater, refrigerator, range, gas and electric meter.

Last Agent to Sell the Property

Stacey Russell

SOMER REAL ESTATE License #471017953 Listed on: 01/30/2023

Last Buyer's Agent

Non-Member Non-Member

Non-Member

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,378

Year Built

  • Built in 1910

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 111x125
  • Corner Lot

Parking

  • On-Street Parking

Home Design

  • Block Foundation
  • Shingle Roof

Interior Spaces

  • 2,416 Sq Ft Home
  • Crawl Space

Schools

  • Salem Elementary And Middle School
  • Salem Community High School

Utilities

  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • Mcelwain & Nichols Subdivision

Listing and Financial Details

  • Assessor Parcel Number 11-00-009-605

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,378

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Residential Income
  • Year Built: 1910
  • New Construction: No
  • Structure Type: Apartment Building, Triplex
  • PricePerSqFt: 32.49
  • Age55PlusDevelopment: No
  • Special Features: None

Interior Features

  • Basement: Crawl Space

Exterior Features

  • Lot Features: Corner Lot
  • Construction Type: Composition
  • Foundation Details: Block
  • Roof: Shingle
  • 100YearPlain: No

Garage/Parking

  • Parking Features: On Street

Utilities

  • Heating: Gas, Gas Water Heater
  • Water Sewer Expenses: 720
  • Laundry Features: None
  • Water Source: Public Sewer, Public
  • GasExpense: 0
  • NumberOfWaterHeaters: 3
  • NumberOfHeatingUnits: 3
  • NumberOfCentralAirUnits: 0
  • NumberOfGasMeters: 3
  • NumberOfElectricMeters: 3
  • NumberofWaterMeters: 1
  • NumberOfRanges: 3
  • NumberofRefrigerators: 3
  • NumberOfWashers: 0
  • NumberOfDryers: 0
  • NumberOfDishwashers: 0
  • NumberOfWindowUnits: 4

Condo/Co-op/Association

  • LawnSnowRemoval: 0

Fee Information

  • AdvertisingExpense: 0

Schools

  • Elementary School: Salem
  • High School: Salem Community High School
  • Middle Or Junior School: Salem

Lot Info

  • Lot Size Acres: 0.31
  • Lot Size: 111x125
  • Parcel #: 11-00-009-605

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 2378
  • TaxExemptions: None

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 9180
  • Annual Operating Expense: 3667

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 11, 2024
Sold by
Wolff Roger L and Wolff Luann
Bought by
Roger And Luann Wolff Revocable Living Trust and Wolff
Current Estimated Value
$103,390

Purchase Details

Listed on
Jan 30, 2023
Closed on
Jun 1, 2023
Sold by
Shetley Shook Marilyn
Bought by
Wolff Roger and Wolff Luann
Seller's Agent
Stacey Russell
SOMER REAL ESTATE
Buyer's Agent
Non-Member Non-Member
Non-Member
List Price
$85,000
Sold Price
$78,500
Premium/Discount to List
-$6,500
-7.65%
Views
52

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.61%
Original Mortgage
$124,000
Interest Rate
6.39%
Mortgage Type
New Conventional
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
Roger And Luann Wolff Revocable Living Trust -- None Listed On Document
Roger And Luann Wolff Revocable Living Trust -- None Listed On Document
Wolff Roger $78,500 Larimer Abstract & Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wolff Roger $124,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2023 06/01/23 Sold $78,500 -7.6% $32 / Sq Ft
01/30/2023 01/30/23 For Sale $85,000 -- $35 / Sq Ft
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 $1,867 $25,340 $3,530 $21,810
2023 $1,875 $23,680 $3,300 $20,380
2022 $2,424 $28,670 $10,140 $18,530
2021 $2,377 $26,800 $9,480 $17,320
2020 $2,323 $26,310 $9,400 $16,910
2019 $2,290 $25,350 $9,060 $16,290
2018 $2,295 $25,350 $9,060 $16,290
2017 $2,273 $24,850 $8,880 $15,970
2016 $2,240 $23,450 $8,380 $15,070
2015 $21 $23,450 $8,380 $15,070
2012 $22 $24,180 $8,220 $15,960
Source: Public Records

Agents Affiliated with this Home

  • Stacey Russell

    Seller's Agent in 2023

    Stacey Russell

    SOMER REAL ESTATE

    (618) 322-4321

    77 in this area

    217 Total Sales

    Stacey Russell
    Section Image

  • N

    Buyer's Agent in 2023

    Non-Member Non-Member

    Non-Member

See All Agents

Map

Source: RMLS Alliance

MLS Number: EB447642

RMLS Alliance

APN: 1100009605

Illinois Marion County Salem 62881

201 S Franklin St, Salem, IL

This home is located at 201 S Franklin St, Salem, IL 62881 since 30 January 2023 and is currently estimated at $103,390, approximately $42 per square foot. This property was built in 1910. 201 S Franklin 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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