NOT LISTED FOR SALE

501 W North 2nd St Shelbyville, IL 62565

Estimated Value: $72,003 - $88,000

2 Beds
1 Bath
1,090 Sq Ft
$73/Sq Ft Est. Value

Last Sold January 24, 2017

Last sale price $47,000 $43 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $538/month

165 Days on Market

Highlights

  • 1 Car Detached Garage
  • Window Unit Cooling System
  • 1-Story Property
  • Shelbyville High School Rated 10
  • Forced Air Heating System

About This Home

As of January 2017

Move in ready 2 bedroom - Great starter home or affordable getaway for lake visitors. New roof, vinyl siding, and deck in 2011. Detached 1 car garage is approx 14' X 22'. Carpets professionally cleaned in June 2016. Very motivated seller.

Last Agent to Sell the Property

Matt Forcum

Shelby Realty Services License #471020842 Listed on: 06/23/2016

Last Buyer's Agent

Matt Forcum

Shelby Realty Services License #471020842 Listed on: 06/23/2016

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $529

Lot Details

  • 7,150 Sq Ft Lot
  • Lot Dimensions are 65x110

Parking

  • 1 Car Detached Garage

Home Design

  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,090 Sq Ft Home
  • 1-Story Property
  • Laundry on main level
  • Unfinished Basement

Kitchen

  • Oven
  • Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Outbuilding

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2013-07-14-313-020

Home Details

Home Type

Single Family

Est. Annual Taxes

$529

Lot Details

0

Parking

1

Listing Details

  • Above Grade Finished Sq Ft: 1090.0
  • Directions: IL Rt 16 to Wood Street, Turn North & Follow 2 blocks to NW 2nd. House on NW Corner of intersection of Wood & NW 2nd St.
  • Lot Size Acres: 0.16
  • Lot Size: 65X110
  • Property Sub Type: Other
  • Prop. Type: Residential
  • Building Stories: 1
  • Water Body Name: LakeShelbyville
  • Architectural Style: Other
  • Garage Yn: Yes
  • Unit Levels: One
  • Property Sub Type Additional: Other
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Gas Water Heater, Oven, Range, Refrigerator
  • Has Basement: Unfinished
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Main Level Master
  • Fireplace: No
  • Stories: 1
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Vinyl Siding
  • Roof: Other, Shingle
  • Waterfront: No
  • Other Structures: Outbuilding

Garage/Parking

  • Garage Spaces: 1.0
  • Attached Garage: No
  • Parking Features: Detached, Garage

Utilities

  • Cooling: Window Unit(s)
  • Heating: Forced Air, Gas
  • Water Source: Public
  • Laundry Features: Main Level
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer

Schools

  • Junior High Dist: Shelbyville Dist. 4

Lot Info

  • Lot Size Sq Ft: 7150.0
  • Parcel #: 2013-07-14-313-020
  • Zoning: RES
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 529.4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2016
Closed on
Jan 21, 2017
Sold by
Jo Forcum and Jo Ellyn
Bought by
Smith Eric
Seller's Agent
Matt Forcum
Shelby Realty Services
Buyer's Agent
Matt Forcum
Shelby Realty Services
List Price
$49,900
Sold Price
$47,000
Premium/Discount to List
-$2,900
-5.81%
Current Estimated Value
$80,001

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,001
Avg. Annual Appreciation
6.81%
Original Mortgage
$37,600
Outstanding Balance
$25,281
Interest Rate
3.62%
Mortgage Type
New Conventional
Estimated Equity
$57,593
Source: Public Records

Range of Values:

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Average Value
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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
Smith Eric $47,000 Shelby Cnty Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Eric $37,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/24/2017 01/24/17 Sold $47,000 -5.8% $43 / Sq Ft
12/06/2016 12/06/16 Pending -- -- --
06/23/2016 06/23/16 For Sale $49,900 -- $46 / Sq Ft
Source: Central Illinois Board of REALTORS®

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 $1,236 $16,535 $7,398 $9,137
2023 $1,190 $15,121 $6,765 $8,356
2022 $647 $13,774 $6,162 $7,612
2021 $605 $13,142 $5,879 $7,263
2020 $607 $13,142 $5,879 $7,263
2019 $607 $13,142 $5,879 $7,263
2018 $579 $12,205 $5,460 $6,745
2017 $559 $12,205 $5,460 $6,745
2016 $559 $12,205 $5,460 $6,745
2015 -- $12,205 $5,460 $6,745
2014 -- $12,205 $5,460 $6,745
2013 -- $12,298 $5,553 $6,745
Source: Public Records

Agents Affiliated with this Home

  • Matt Forcum

    Seller's Agent in 2017

    Matt Forcum

    Shelby Realty Services

    (217) 343-3400

    19 in this area

    98 Total Sales

    Matt Forcum
    Section Image
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Map

Source: Central Illinois Board of REALTORS®

MLS Number: 6162733

APN: 2013-07-14-313-020

Illinois Shelby County Shelbyville 62565

501 W North 2nd St, Shelbyville, IL

This home is located at 501 W North 2nd St, Shelbyville, IL 62565 since 23 June 2016 and is currently estimated at $80,001, approximately $73 per square foot. 501 W North 2nd St is a home located in Shelby County with nearby schools including Main Street Elementary School, Moulton Elementary School, and Shelbyville High School.

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