NOT LISTED FOR SALE

260 Oak Tree Ave Salem, IL 62881

Estimated Value: $119,000 - $190,000

3 Beds
1.5 Baths
1,404 Sq Ft
$102/Sq Ft Est. Value

Last Sold December 02, 2020

Last sale price $70,000 $50 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $861/month

11 Days on Market

Highlights

  • Wooded Lot
  • Home Office
  • Central Air
  • Ranch Style House
  • Living Room
  • Wood Burning Fireplace

About This Home

As of December 2020

3 bedroom home with an additional family/office or 4th bedroom possibility. Kitchen appliances included. Located in Lakewood Subdivision. Brick ranch style home with paved drive, patio, storage shed and wooded lot. Roof approximately 4 years old.

Last Agent to Sell the Property

Stacey Russell

SOMER REAL ESTATE License #471017953 Listed on: 10/08/2020

Last Buyer's Agent

Stacey Russell

SOMER REAL ESTATE License #471017953 Listed on: 10/08/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,614

Year Built

  • Built in 1950

Lot Details

  • Lot Dimensions are 100x157.5
  • Wooded Lot

Home Design

  • Ranch Style House
  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 1,404 Sq Ft Home
  • Wood Burning Fireplace
  • Living Room
  • Home Office
  • Basement Window Egress

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms

Schools

  • Salem Elementary And Middle School
  • Salem Community High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Community Details

  • Lakewood Subdivision

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,614

Year Built

Built in 1950

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Subdivision Name: Lakewood
  • Year Built: 1950
  • Age: 71-80 Years
  • Built Before 1978 (Y/N): Yes
  • Legal Description: Lot 32, Lakewood Subdivision
  • Actual Status: Closed
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Microwave, Range, Refrigerator
  • Basement: Egress Window
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Wood Burning
  • LivingArea: 1404
  • Below Grade Bedrooms: 0

Exterior Features

  • Construction Materials: Vinyl Siding, Frame
  • Lot Features: Wooded

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas
  • Water Source: Public

Schools

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

Lot Info

  • Lot Dimensions: 100x157.5

Rental Info

  • Board Number: 29

Tax Info

  • Tax Annual Amount: 1614
  • Tax Year: 2019
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2020
Closed on
Dec 1, 2020
Sold by
Miselbrook Gary E and Miselbrook Linda S
Bought by
Bragg James L and Bragg Glenna K
Seller's Agent
Stacey Russell
SOMER REAL ESTATE
Buyer's Agent
Stacey Russell
SOMER REAL ESTATE
List Price
$85,000
Sold Price
$70,000
Premium/Discount to List
-$15,000
-17.65%
Current Estimated Value
$142,947

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,947
Avg. Annual Appreciation
14.48%
Original Mortgage
$56,000
Outstanding Balance
$51,136
Interest Rate
4.25%
Mortgage Type
New Conventional
Estimated Equity
$91,811

Purchase Details

Closed on
Aug 11, 2010
Sold by
Swift Russell James and Swift Bobbi Ann
Bought by
Gahagan Micheal J and Gahagan Shayla D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,322
Interest Rate
4.6%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 22, 2007
Sold by
Swift Bobbi Ann
Bought by
Swift Bobbi Ann and Swift Russell James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,800
Interest Rate
6.28%
Mortgage Type
New Conventional
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
Bragg James L $70,000 None Available
Gahagan Micheal J $25,000 None Available
Swift Bobbi Ann -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bragg James L $56,000
Previous Owner Gahagan Micheal J $50,322
Previous Owner Swift Bobbi Ann $108,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/02/2020 12/02/20 Sold $70,000 -17.6% $50 / Sq Ft
10/19/2020 10/19/20 Pending -- -- --
10/08/2020 10/08/20 For Sale $85,000 -- $61 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $1,505 $31,430 $8,400 $23,030
2023 $1,454 $29,370 $7,850 $21,520
2022 $1,087 $26,700 $7,140 $19,560
2021 $1,141 $24,950 $6,670 $18,280
2020 $1,656 $24,760 $6,620 $18,140
2019 $1,613 $23,860 $6,380 $17,480
2018 $1,124 $18,410 $6,380 $12,030
2017 $1,102 $18,040 $6,250 $11,790
2016 $1,066 $17,020 $5,900 $11,120
2015 $10 $17,020 $5,900 $11,120
2012 $10 $16,680 $5,780 $10,900
Source: Public Records

Agents Affiliated with this Home

  • Stacey Russell

    Seller's Agent in 2020

    Stacey Russell

    SOMER REAL ESTATE

    (618) 322-4321

    80 in this area

    219 Total Sales

    Stacey Russell
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: EB436533

Midwest Real Estate Data (MRED)

APN: 1100020620

Illinois Marion County Salem 62881

260 Oak Tree Ave, Salem, IL

Not Listed for Sale

Detached

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.

Midwest Real Estate Data (MRED) Based on information submitted to the 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. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

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