$135,000
SOLD FEB 24, 2025

500 S Castle St Salem, IL 62881

3 Beds
1 Bath
1,280 Sq Ft
7,013 Sq Ft Lot

Recently Sold

$105 Per Sq Ft

4% Above List Price

66 Days on Market

Highlights

  • Corner Lot
  • Bungalow
  • Forced Air Heating System
  • Eat-In Kitchen
  • Guest Parking

About This Home

As of February 2025

Welcome to a fantastic opportunity for first-time buyers! This cozy 1,280 sq. ft. gem features 3 bedrooms and 1 bathroom, located in a quiet, family-friendly neighborhood on a corner lot. With plenty of parking and a spacious 456 sq. ft. carport for outdoor storage, this home has everything you need to get started. Remodeled in 2021 with updated electrical wiring in 2022, it’s move-in ready and worry free. Plus, all appliances are included—even the convenient stackable washer and dryer. Affordable, updated, and packed with charm, this is the perfect opportunity for first-time buyers to step into homeownership. *Don’t wait—schedule your tour today!

Last Agent to Sell the Property

Melissa Jarrell

Equity Realty Group Brokerage Phone: 618-927-6342 License #475204551 Listed on: 11/18/2024

Last Buyer's Agent

Stacey Russell

SOMER REAL ESTATE License #471017953

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $899

Year Built

  • Built in 1937

Lot Details

  • Lot Dimensions are 37x109
  • Corner Lot
  • Level Lot

Parking

  • Guest Parking

Home Design

  • Bungalow
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,280 Sq Ft Home
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Range Hood
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Schools

  • Hawthorn Elementary School
  • Franklin Middle School
  • Salem Community High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • John W Merritt Subdivision

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 11-00-010-656

Home Details

Home Type

Single Family

Est. Annual Taxes

$899

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1937
  • Architectural Style: Bungalow
  • New Construction: No
  • PricePerSqFt: 105.47
  • Attribution Contact: Pref: 618-927-6342
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Dryer, Hood/Fan, Microwave, Range/Oven, Refrigerator, Washer
  • Basement: Crawl Space
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Living Area: 1280
  • KitchenDining: Eat-In Kitchen

Exterior Features

  • Lot Features: Corner Lot, Level
  • Construction Type: Frame, Vinyl Siding
  • Roof: Shingle
  • 100YearPlain: No

Garage/Parking

  • Garage Yn: No
  • Parking Features: Guest Parking

Utilities

  • Heating: Gas, Forced Air, Gas Water Heater, Central Air
  • Water Source: Public Sewer, Public
  • UtilitiesOnYN: Yes

Condo/Co-op/Association

  • Senior Community: No

Schools

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

Lot Info

  • Lot Size: 37x109
  • Parcel #: 11-00-010-656

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 898.62
  • TaxExemptions: Homestead/Owner Occupied

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2024
Closed on
Feb 24, 2025
Sold by
Burner Justin W and Burner Stephanie A
Bought by
Webster William A
Seller's Agent
Melissa Jarrell
Equity Realty Group
Buyer's Agent
Stacey Russell
SOMER REAL ESTATE
List Price
$130,000
Sold Price
$135,000
Premium/Discount to List
$5,000
3.85%
Views
31
Current Estimated Value
$127,353

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,647
Avg. Annual Appreciation
-11.40%
Original Mortgage
$135,000
Outstanding Balance
$134,433
Interest Rate
6.93%
Mortgage Type
VA
Estimated Equity
-$7,665

Purchase Details

Closed on
May 25, 2021
Sold by
Jarrell Melissa and Jarrell Timothy
Bought by
Burner Justin W and Burner Stephanie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,746
Interest Rate
2.99%
Mortgage Type
FHA

Purchase Details

Listed on
Aug 13, 2020
Closed on
Aug 28, 2020
Sold by
Va
Bought by
Jarrell Melissa and Jarrell Timothy
Seller's Agent
Donald Breeze
EXIT REALTY NEW BEGINNINGZ M
Buyer's Agent
DENISE UHL
H2 Realty Group
List Price
$22,500
Sold Price
$22,400
Premium/Discount to List
-$100
-0.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
42.23%

Purchase Details

Closed on
Jun 1, 2020
Sold by
Us Bank Na
Bought by
Va

Purchase Details

Closed on
May 27, 2020
Sold by
Towal Joshua and Towal Kari
Bought by
Us Bank Na

Purchase Details

Closed on
Oct 9, 2017
Sold by
Beatty Amanda B and Beatty Dustin Neal
Bought by
Towal Joshua and Towal Kari

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
4.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 31, 2010
Sold by
Buchanan Doris F
Bought by
Buchanan Roger Lee and Romine Ellen Kay

Purchase Details

Closed on
Jul 29, 2010
Sold by
Buchanan Arthur and Romine Ellen Kay
Bought by
Buchanan Doris F

Purchase Details

Closed on
Jul 27, 2010
Sold by
Buchanan Roger Lee and Wright Carol Sue
Bought by
Buchanan Arthur and Buchanan Doris F

Purchase Details

Closed on
Jun 17, 2010
Sold by
Buchana Arthur and Buchana Doris F
Bought by
Buchana Roger Lee and Wright Carol Sue
Source: Public Records

Similar Homes in Salem, IL

  • 416 S Maple St, Salem, IL 62881

    $134,500

    • 3 Beds
    • 1 Bath
    • 1,259 Sq Ft
    • 416 S Maple St
    • Salem, IL

    Charming, Fully Renovated 3-Bedroom Gem – Move-In Ready & Priced to Sell! Don’t miss your chance to own this beautifully remodeled 3-bedroom, 1-bath home that checks all the boxes! Every inch has been thoughtfully updated—from the new subfloor and flooring to the modern kitchen with brand-new cabinets and a stylishly updated bathroom. Step inside to enjoy the cozy yet open feel, accentuated by

    Siretha Howe Midwest Farm & Land Co. LLC

    Section Image
  • 326 N Indiana Ave, Salem, IL 62881

    $149,900

    • 4 Beds
    • 1 Bath
    • 1,297 Sq Ft
    • 326 N Indiana Ave
    • Salem, IL

    Welcome to 326 N Indiana Street, Salem, IL – Where Charm Meets Comfort! Fall in love with this beautifully remodeled 4-bedroom, 1-bath home nestled in one of Salem’s most sought-after neighborhoods. From the moment you step inside, you’ll feel at home with the warm, inviting feel and flood of natural light throughout the space. This low-maintenance home sits on a solid concrete slab foundation

    Siretha Howe Midwest Farm & Land Co. LLC

    Section Image
  • 326 N Indiana St, Salem, IL 62881

    $154,000

    • 4 Beds
    • 1 Bath
    • 1,297 Sq Ft
    • 326 N Indiana St
    • Salem, IL

    Welcome to 326 N Indiana Street, Salem, IL Where Charm Meets Comfort! Fall in love with this beautifully remodeled 4-bedroom, 1-bath home nestled in one of Salem’s most sought-after neighborhoods. From the moment you step inside, you’ll feel at home with the warm, inviting feel and flood of natural light throughout the space. This low-maintenance home sits on a solid concrete slab

    Siretha Howe

    Section Image
  • 527 S Rotan St, Salem, IL 62881

    $116,900

    • 3 Beds
    • 1 Bath
    • 1,134 Sq Ft
    • 527 S Rotan St
    • Salem, IL

    Move right in to a FULLY REMODELED HOME at an unbeatable price! The kitchen features new butcher block countertops and new shaker cabinets. A stylish bathroom offers a brand new tub and shower surround, modern vanity, as well as updated fixtures and lighting. You’ll love the warm-toned, luxury vinyl plank flooring that runs through the spacious living and dining areas, creating an open and

    Misael Chacon Beycome brokerage realty, LLC

    Section Image
  • 506 N Broadway Ave, Salem, IL 62881

    $122,000

    • 5 Beds
    • 1 Bath
    • 3,022 Sq Ft
    • 506 N Broadway Ave
    • Salem, IL

    Investor’s Opportunity – Income-Producing Property with Endless Potential! This unique property has been partially converted into a duplex, with the upstairs unit currently rented for $1,050/month. The lower level has been walled off and partially gutted, providing a blank canvas for your vision. Whether you're looking for an income-generating investment or a chance to restore and customize your

    Siretha Howe Midwest Farm & Land Co. LLC

    Section Image
  • 501 N Marion St, Salem, IL 62881

    $149,000

    • 3 Beds
    • 1 Bath
    • 1,189 Sq Ft
    • 501 N Marion St
    • Salem, IL

    Don't miss this incredible opportunity to own a property with so much potential! Step inside to be greeted by a warm and inviting atmosphere. The bright and airy living room provides plenty of space for gatherings! The large windows give beautiful natural light. enjoy the spacious backyard and huge attached garage. While this home is move-in ready, a little bit of TLC can go a long way in

    Jayme Michel Equity Realty Group

    Section Image
  • 518 Roddy Rd, Salem, IL 62881

    $149,000

    • 3 Beds
    • 1 Bath
    • 1,008 Sq Ft
    • 518 Roddy Rd
    • Salem, IL

    Freshly painted interior, open kitchen, dining and living room along with an island/bar await for company or a quiet evening at home. Just bring your snacks and grill and this home is perfect! Deck has been stained so you can relax. Kitchen appliances are included. Great location in Salem down the road from coffee, pizza and more! Call to set up an appointment to check it out for yourself.

    Stacey Russell SOMER REAL ESTATE

    Section Image
  • 1409 Rig St, Salem, IL 62881

    $148,000

    • 3 Beds
    • 1 Bath
    • 1,326 Sq Ft
    • 1409 Rig St
    • Salem, IL

    Charming 3-bedroom, 1-bath home situated on a desirable corner lot with an oversized backyard perfect for outdoor living and entertaining. Enjoy relaxing evenings on the spacious side patio complete with a pergola offering shade and comfort. Inside, the home is move-in ready with all appliances included, making your transition seamless and stress-free. Conveniently located near parks and schools,

    Cindy Quinn-Wood QUINN REALTY AND PROPERTY MANAGEMENT GROUP

    Section Image
  • 515 Oglesby St, Salem, IL 62881

    $140,000

    • 4 Beds
    • 2.5 Baths
    • 1,436 Sq Ft
    • 515 Oglesby St
    • Salem, IL

    Located in Salem, Illinois, this 0.11-acre residential lot features a 2-story, 4-bedroom, 2.5-bathroom home with approximately 1,436 square feet of living space. The home is in good condition and move-in ready. An unfinished basement offers extra space for storage or future use. The main level includes the kitchen, dining, living areas, and a full and half bath. Three of the four bedrooms and a

    Kayla See Whitetail Properties Real Esta

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $135,000 None Listed On Document
Warranty Deed $65,000 Quad County Title
Quit Claim Deed $22,500 Quad County Title
Warranty Deed -- Servicelink
Deed In Lieu Of Foreclosure -- Servicelink
Deed $45,000 Larimer Abstract & Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- Quad County Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $135,000 VA
Previous Owner $63,746 FHA
Previous Owner $45,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/24/2025 02/24/25 Sold $135,000 +3.8% $105 / Sq Ft
11/18/2024 11/18/24 For Sale $130,000 +480.4% $102 / Sq Ft
09/30/2020 09/30/20 Sold $22,400 -0.4% $18 / Sq Ft
08/17/2020 08/17/20 Pending -- -- --
08/13/2020 08/13/20 For Sale $22,500 -- $18 / 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 $926 $18,560 $3,530 $15,030
2023 $899 $17,350 $3,300 $14,050
2022 $986 $17,660 $4,890 $12,770
2021 $1,386 $15,630 $4,570 $11,060
2020 $1,369 $15,510 $4,540 $10,970
2019 $808 $14,940 $4,370 $10,570
2018 $810 $14,940 $4,370 $10,570
2017 $790 $14,640 $4,280 $10,360
2016 $759 $13,810 $4,040 $9,770
2015 $7 $13,810 $4,040 $9,770
2012 -- $13,600 $3,960 $9,640
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: RMLS Alliance

MLS Number: EB455949

RMLS Alliance

APN: 1100010656