NOT LISTED FOR SALE

501 E Reeves St Marion, IL 62959

Estimated Value: $226,000 - $352,000

Studio
-- Bath
2,488 Sq Ft
$107/Sq Ft Est. Value

Last Sold October 28, 2024

Last sale price $203,500 $82 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $1,820/month

3 Days on Market

About This Home

As of October 2024

Nice Four-Plex on corner lots, built in 1993. Each unit has two bedrooms, one bath, and two parking spaces. All units are occupied.

Last Agent to Sell the Property

Dave Thompson

C21 HOUSE OF REALTY, INC. Brokerage Phone: 618-997-1111 License #471005854 Listed on: 09/12/2024

Last Buyer's Agent

Christy Powers

PROPERTY WITH TLC, LLC License #475132054

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,478

Year Built

  • Built in 1993

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 66x170
  • Corner Lot

Home Design

  • 2,488 Sq Ft Home
  • Slab Foundation
  • Shingle Roof
  • Vinyl Siding

Parking

  • 8 Parking Spaces
  • Parking Pad
  • Alley Access

Schools

  • Marion Elementary And Middle School
  • Marion High School

Utilities

  • Forced Air Heating System

Community Details

  • Trash Expense $780

Listing and Financial Details

  • Assessor Parcel Number 07-18-184-016

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,478

Year Built

Built in 1993

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Residential Income
  • Year Built: 1993
  • New Construction: No
  • Structure Type: One Story, Quadruplex
  • Attribution Contact: Phone: 618-997-1111
  • Special Features: None

Interior Features

  • Basement: None

Exterior Features

  • Lot Features: Corner Lot
  • Road Surface Type: Paved
  • Construction Type: Vinyl Siding
  • Foundation Details: Slab
  • Roof: Shingle
  • 100YearPlain: No

Garage/Parking

  • Parking Features: Alley Access, Parking Pad
  • Total Parking Spaces: 8

Utilities

  • Heating: Forced Air, Central Air
  • Laundry Features: Private
  • Water Source: Public Sewer, Public
  • GasExpense: 0
  • NumberOfRanges: 4
  • NumberofRefrigerators: 4

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • Trash Expense: 780
  • AdvertisingExpense: 0

Schools

  • Elementary School: Marion
  • High School: Marion
  • Middle Or Junior School: Marion

Lot Info

  • Zoning: Residential
  • Lot Size Acres: 0.26
  • Lot Size: 66x170
  • Parcel #: 07-18-184-016

Rental Info

  • Lease Term: Month To Month

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 4478
  • TaxExemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2024
Closed on
Oct 24, 2024
Sold by
Peebles Rentals Llc
Bought by
Thompson William and Thompson Erica
Seller's Agent
Dave Thompson
C21 HOUSE OF REALTY, INC.
Buyer's Agent
Christy Powers
PROPERTY WITH TLC, LLC
List Price
$210,000
Sold Price
$203,500
Premium/Discount to List
-$6,500
-3.1%
Views
7
Current Estimated Value
$265,057

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,557
Avg. Annual Appreciation
23.75%
Original Mortgage
$162,800
Outstanding Balance
$161,908
Interest Rate
9.63%
Mortgage Type
New Conventional
Estimated Equity
$103,149
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
Thompson William $203,500 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thompson William $162,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2024 10/28/24 Sold $203,500 -3.1% $82 / Sq Ft
09/15/2024 09/15/24 Pending -- -- --
09/12/2024 09/12/24 For Sale $210,000 -- $84 / 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
2025 $5,319 $68,630 $9,950 $58,680
2024 $5,319 $68,630 $9,950 $58,680
2023 $5,319 $68,630 $9,950 $58,680
2022 $4,226 $60,470 $8,770 $51,700
2021 $4,121 $58,280 $8,450 $49,830
2020 $4,121 $55,060 $7,980 $47,080
2019 $4,179 $55,060 $7,980 $47,080
2018 $4,179 $55,060 $7,980 $47,080
2017 $4,105 $55,060 $7,980 $47,080
2015 $3,978 $52,160 $7,560 $44,600
2013 $3,379 $52,160 $7,560 $44,600
2012 $3,379 $52,160 $7,560 $44,600
Source: Public Records

Agents Affiliated with this Home

  • Dave Thompson

    Seller's Agent in 2024

    Dave Thompson

    C21 HOUSE OF REALTY, INC.

    (618) 997-1111

    106 in this area

    156 Total Sales

    Dave Thompson
    Section Image
  • Christy Powers

    Buyer's Agent in 2024

    Christy Powers

    PROPERTY WITH TLC, LLC

    (618) 922-6000

    24 in this area

    345 Total Sales

    Christy Powers
    Section Image
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Map

Source: RMLS Alliance

MLS Number: EB455089

RMLS Alliance

APN: 07-18-184-016

Illinois Williamson County Marion 62959

501 E Reeves St, Marion, IL

Not Listed for Sale

MultiFamily

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