NOT LISTED FOR SALE

501 S Monroe St Lincoln, IL 62656

Estimated Value: $120,000 - $147,000

4 Beds
2 Baths
-- Sq Ft
0.32 Acres

Last Sold July 25, 2013

Last sale price $75,000

Est. 72% increase in value since last sale

Current estimated payment $904/month

114 Days on Market

Highlights

  • Sun or Florida Room
  • Porch
  • Garage
  • Northwest Elementary School Rated 9+

About This Home

As of July 2013

Built to last! Classic 4 bedroom, 2.5 bath two story residential dwelling situated on an oversized corner lot -- a MUST VIEW to truly appreciate! From the exquisite natural woodwork and crown molding to the lovely built-in cabinet area found in the spacious and bright dining room, this home exemplifies abundant charm and character throughout. On the main floor, you will find a large living room that opens into a generously sized formal dining room complete with a classy open staircase in addition to a striking built-in, a large eat-in kitchen, 3 nice sized bedrooms (front two bedrooms share a walk through closet), an enclosed back porch/laundry room area, and a full bath that boasts a great amount of built-in cabinet space. Upstairs, you will find a 13X8 kitchenette area, 15X12 family room/den area, second full bath, fourth bedroom, and ample closet/storage space -- upper level could serve as an apartment and be rented out if desired -- otherwise, provides a great amount of additional

Last Agent to Sell the Property

Seth Goodman

ME Realty License #475126097 Listed on: 03/16/2013

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,706

Year Built

  • Built in 1920

Lot Details

  • 0.32

Parking

  • Garage

Interior Spaces

  • 2 Full Bathrooms
  • Sun or Florida Room

Outdoor Features

  • Porch

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,706

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Full Baths: 2
  • Total Half Baths: 1
  • Bedrooms: 4
  • Master Bedroom: Dimensions: 13x10, On Level: Main, Flooring: Carpet
  • Basement Foundation: Full, Brick, Unfinished
  • Bedroom 2: Dimensions: 11x11, On Level: Main, Flooring: Carpet
  • Bedroom 3: Dimensions: 10x12, On Level: Main, Flooring: Hardwood
  • Bedroom 4: Dimensions: 8x14, On Level: Upper, Flooring: Carpet
  • Family Room: Dimensions: 15x12, On Level: Upper, Flooring: Carpet
  • Formal Dining Room: On Level: Main, Flooring: Carpet
  • Informal Dining Room: Dimensions: 15x12
  • Kitchen: Dimensions: 14x12, On Level: Main, Flooring: Vinyl
  • Kitchen Dining: Dining Formal, Eat-In Kitchen
  • Laundry: Dimensions: 9x13, On Level: Main, Flooring: Carpet
  • Living Room: Dimensions: 15x14, On Level: Main, Flooring: Carpet
  • Additional Room 1: On Level: Upper, Flooring: Vinyl
  • Price Per Sq Ft: 37.17
  • Total Sq Ft: 2018
  • Finished Main Level Sq Ft: 1293
  • Upper Level Finished Sq Ft: 725

Exterior Features

  • Exterior: Aluminum Siding
  • Exterior Amenities: Porch, Porch/3-Season
  • Roofing: Shingles

Garage/Parking

  • Garage Parking: Detached
  • Garage Yn: Yes

Utilities

  • Heating Cooling: Gas, Forced Air, Central Air
  • Water Sewer: Public Water, Public Sewer

Schools

  • Elementary School: Lincoln Elementary School District #27
  • Middle School: Lincoln
  • High School: Lincoln
  • Elementary School: Lincoln Elementary School District #27

Lot Info

  • Estimated Lot Size: 98X144
  • Lot Description: Corner, Wooded
  • Zoning: Residential
  • Geo Subdivision: IL

Tax Info

  • Annual Taxes: 2706.36
  • Parcel Id Number Tax Id: 12-501-001-00
  • Tax Year: 2012

MLS Schools

  • High School School District: Lincoln
  • Middle School: Lincoln

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 11, 2023
Sold by
Tibbs Susan S and Palladini Brittany L
Bought by
Palladini Brittany L and Palladini Jason R
Current Estimated Value
$129,362

Purchase Details

Closed on
Apr 27, 2022
Sold by
Schall Wayne D
Bought by
Tibbs Susan S and Palladini Brittany L

Purchase Details

Listed on
Mar 16, 2013
Closed on
Jul 25, 2013
Sold by
Winch Joyce and Miller Helen M
Bought by
Schall Wyane D
Seller's Agent
Seth Goodman
ME Realty
List Price
$98,000
Sold Price
$75,000
Premium/Discount to List
-$23,000
-23.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.60%
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
Palladini Brittany L -- None Available
Tibbs Susan S -- None Available
Schall Wyane D $75,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2013 07/25/13 Sold $75,000 -23.5% --
07/08/2013 07/08/13 Pending -- -- --
03/16/2013 03/16/13 For Sale $98,000 -- --
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
2024 $2,411 $32,660 $8,860 $23,800
2023 $2,295 $30,240 $8,200 $22,040
2022 $2,159 $28,200 $7,650 $20,550
2021 $2,065 $27,160 $7,370 $19,790
2020 $2,069 $27,160 $7,370 $19,790
2019 $2,014 $26,630 $7,230 $19,400
2018 $1,938 $25,600 $6,950 $18,650
2017 $1,928 $25,600 $6,950 $18,650
2016 $1,909 $25,900 $7,030 $18,870
2015 $2,706 $25,920 $7,260 $18,660
2014 $2,706 $25,920 $7,260 $18,660
2013 $2,706 $23,920 $6,700 $17,220
2012 $2,706 $27,080 $6,800 $20,280
Source: Public Records

Agents Affiliated with this Home

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Map

Source: RMLS Alliance

MLS Number: RMACA20130121

RMLS Alliance

APN: 12-501-001-00